BIC - 2018 Registration document

FINANCIAL STATEMENTS

Parent company financial statements of Société Bic (French GAAP)

9.2

Changes in Shareholders’ equity

(in thousand euros) Shareholders’ equity as of December 31, 2017 (before distribution)

1,383,958

Dividend distribution with respect to fiscal year 2017

157,762

Shareholders’ equity as of December 31, 2017 (after distribution)

1,226,196

Increase in share capital  (a) Decrease in share capital  (b)

261

(2,626)

Share issue premium  (a)

4,096

Retained earnings  (b)

(51,399) 149,839

Net income for the year

Shareholders’ equity as of December 31, 2018 (before distribution)

1,326,367

The increase in share capital relates to 68,396 subscription options exercised during 2018. (a) During the year 2018, SOCIÉTÉ BIC cancelled 687,396 shares. (b)

PROVISIONS NOTE 10

Reversals during the year

Allocations during the year

Reversals during the year (used)

Dec. 31, 2017

(unused) Dec. 31, 2018

(in thousand euros)

Risk – Subsidiaries

1,240 4,105

-

-

(270)

970 488 156

Risk – Tax audit

488 156

(262) (174)

(3,843)

Foreign exchange losses

174

- 

Share grant plan

26,638

18,544

(8,817)

-

36,365

Other provisions for contingencies

1,116

835

-

(467)

1,484

PROVISIONS FOR CONTINGENCIES AND LOSSES

33,273

20,023

(9,253)

(4,580)

39,463

Allocations during the year

Reversals during the year

Dec. 31, 2017

Dec. 31, 2018

(in thousand euros)

Property, plant and equipment

2,597

1,175

 -

3,772

Investments

49,559

77,858

(1,639)

125,778

Work-in-process goods

387

-

(113)

274

Goods

1,629 9,170 7,079

1,436

(1,436) (4,963)

1,629

Trade receivables

11,408

15,615 10,027

Provisions for other receivables

3,027

(79)

PROVISIONS FOR DEPRECIATION AND AMORTIZATION

70,421

94,904

(8,230)

157,095

260

• BIC GROUP - 2018 REGISTRATION DOCUMENT •