BIC - 2018 Registration document

FINANCIAL STATEMENTS

Parent company financial statements of Société Bic (French GAAP)

23.2

Analysis of movements in equity investments

(in thousand euros) Equity investments (net) as of December 31, 2017

1,236,512

Acquisitions, capital increases, creations and disposals in 2018 Stypen merger

(1,703) (5,702)

BIC Sport SASU

BIC Pazarlama Ltd. Sti. – Turkey

2,524

BIC Andina Peru SA – Peru (liquidation)

(1,476)

BIC Stationery (Shanghai) Co. Ltd. – China

2,627

BIC East Africa Ltd. - Kenya

17,771

BIC Middle East Trading FZE - U.A.E.

104

(Allocations to)/Reversals of provisions in 2018 BIC Éducation SASU

(9)

BIC (Nantong) Plastic Products Co. Ltd. - China

(2,939) (4,994)

BIC Stationery (Shanghai) Co. Ltd. – China

BIC Technologies SA

(877)

BIC Product (Singapore) Pte. Ltd. – Singapore

(9)

BIC Pazarlama Ltd. Sti. - Turkey BIC Middle East FZ-LLC - U.A.E.

(2,340) (2,053) (1,301)

BIC Colombia SAS – Colombia

BIC Product (Malaysia) Sdn. Bhd. – Malaysia

23

BIC Cello (India) Pvt Ltd. – India

(55,017)

BIC Polska SP ZOO - Polska

(795) (936)

BIC (Romania) Marketing & Distribution SRL - Romania

BIC Argentina SA – Argentina

(6,585)

BIC Product (Thailand) Ltd. – Thaïland BIC Andina Peru SA – Peru (liquidation)

140

1,476

EQUITY INVESTMENTS (NET) AS OF DECEMBER 31, 2018

1,174,441

268

• BIC GROUP - 2018 REGISTRATION DOCUMENT •