BIC - 2018 Registration document

FINANCIAL STATEMENTS

Consolidated financial statements

December 31, 2018

Category of instruments (in thousand euros)

Total

Level 1

Level 2

Level 3

At fair value through the income statement – Assets

65,338

65,338

-

- - -

Derivative hedges – Assets

5,333

- -

5,333

Derivative hedges – Liabilities

11,470

11,470

21-7

Net income impact by category of instruments

Net income related to the different categories of financial assets and liabilities are as follows:

At December 31, 2018

Breakdown by category of instruments

At fair value through the income statement

Derivative hedging instruments

Receivables at amortized cost

Debts at amortized cost

At fair value through equity

Nature of impact (in thousand euros)

Total

Interests income/(expense)

1,954

1,811

- - - - -

4,375

(4,232)

-

Revaluation at fair value

-

- 

- 

- 

- 

Translation

16,640 (6,969) 11,625

- -

- -

16,640 (6,969)

- - -

Net depreciation

TOTAL

1,811

4,375

5,439

At December 31, 2017

Breakdown by category of instruments

At fair value through the income statement

Loans and receivables (including cash)

Derivative hedging instruments

Held-to -maturity investments

Available -for-sale assets

Debt at amortized cost

Type of impact (in thousand euros)

Total

Interests income/(expense)

6,279

3,536

-

-

5,975

-

(3,232)

Revaluation at fair value

675

- 

675

- 

-

- 

- 

Translation

(169)

- -

- -

- - -

(4,674) 5,243 6,544

- - -

4,504

Net depreciation

5,243

-

TOTAL

12,027

3,536

675

1,272

SHARE BASED PAYMENTS NOTE 22

The Group issues shares and stock options to certain employees as compensation for services provided. Equity-settled share-based payments are measured at fair value (excluding the effect of non market-based vesting conditions) at the date of grant. This fair value on the vesting date is expensed over the vesting period, based on the Group’s estimate of the shares that will eventually be vested and adjusted for the effect of non-market-based vesting conditions.

Fair value is measured using the method given below. The expected life used in the model has been adjusted, based on management’s best estimates, for the effect of non-transferability, exercise restrictions and behavioral considerations. Share-based payments are booked in staff costs (see Note 4 – Operating expenses , line “staff costs” and in the lines of the income statement presented by functions).

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •