BIC - 2018 Registration document

FINANCIAL STATEMENTS

Parent company financial statements of Société Bic (French GAAP)

3. CASH FLOW STATEMENT

Notes

Dec. 31, 2017

Dec. 31, 2018

(in thousand euros)

Operating activities Net income

748,125

149,840

Merger gain

(492,377) (115,712)

(2,185)

Dividends received

14

(159,800)

Depreciation, amortization and provisions on non-current assets

11,055

90,312

(Gain)/Loss on the disposal of fixed assets Gross cash flow from operating activities (Increase)/Decrease in net current working capital NET CASH FLOW FROM OPERATING ACTIVITIES

(36)

-

151,055

78,167

12,296

(12,241) 65,926

163,351

Investing activities Dividends received from subsidiaries

14

115,712

159,800

Proceeds from disposals of property, plant and equipment and intangible assets

36

-

Purchases of property, plant and equipment

3 3

(813)

(1,470) (1,599) (50,705)

Acquisition of intangible assets

(4,437)

(Increase)/Decrease in treasury shares

(93,679)

(Increase)/Decrease in other investing expenses

3

190

(138)

Acquisitions of subsidiaries

23.2

74,813 91,822

(12,640) 93,248

NET CASH FLOW FROM INVESTING ACTIVITIES

Financing activities Dividends paid Loans/(Repayments)

9.2

(161,045)

(157,762)

(3)

(3)

Movement in current accounts

(56,008)

(38,632)

NET CASH FLOW FROM FINANCING ACTIVITIES

(217,056)

(196,397)

Net increase/(decrease) in cash and cash equivalents

38,117

(37,223)

Opening cash and cash equivalents

4,365

42,482

CLOSING CASH AND CASH EQUIVALENTS

42,482

5,259

254

• BIC GROUP - 2018 REGISTRATION DOCUMENT •