BIC - 2018 Registration document

FINANCIAL STATEMENTS

Parent company financial statements of Société Bic (French GAAP)

NOTES TO THE INCOME STATEMENT

NET SALES BREAKDOWN NOTE 11

The net sales of SOCIÉTÉ BIC break down as follows:

Dec. 31, 2017

Dec. 31, 2018

(in thousand euros)

France

Export

Total

France

Export

Total

Stationery

129,268 17,733 17,891

233,615 228,945 67,336 15,762 545,658

362,883 246,678 85,227 20,727 715,515

121,935 22,452 20,094

234,670 212,637 57,165 18,088 522,560

356,605 235,089 77,259 22,182 691,135

Lighters Shavers

Other

4,965

4,094

TOTAL

169,857

168,575

OTHER REVENUES NOTE 12

Other revenues mainly comprise royalties (63,460 thousand euros) and management fees (37,651 thousand euros) invoiced to affiliates, as well as the foreign exchange gain on receivables and payables (4,094 thousand euros).

MANAGEMENT COMPENSATION NOTE 13

Dec. 31, 2017

Dec. 31, 2018

(in thousand euros)

Administrative bodies

400 644

469 628

Management bodies

SOCIÉTÉ BIC has no salaried employees as of December 31,2018.

FINANCIAL INCOME NOTE 14

Net financial income amounts to 82,853 thousand euros and is detailed as follows:

Dec. 31, 2017

Dec. 31, 2018

(in thousand euros)

Dividends received

115,712 492,377 21,442 (2,230)

159,800

Merger gain

2,185

Reversals/(provisions)

(78,783)

Foreign exchange gains and losses

1,295

Other

1,586

(1,644) 82,853

FINANCIAL INCOME

628,887

A provision for impairment of Cello's equity investments (55,010 thousand euros) was booked in 2018.

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• BIC GROUP - 2018 REGISTRATION DOCUMENT •