BIC - 2019 Universal Registration Document
FINANCIALSTATEMENTS
Consolidated financial statements
6. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 18
PENSIONANDOTHEREMPLOYEEBENEFITS
215
General
Plan characteristics 18-1
215
Changeinthenetobligation ofdefined-benefit 18-2 plans
NOTE 1
MAINRULESANDACCOUNTINGPOLICIES
192
217 218 218 219 219 220
1-1 1-2
Accountingpolicies
192 193
Funded/unfunded obligations 18-3
ChangeinGroup structure
Period costs 18-4
Additional information 18-5
NOTE 2
194
OPERATINGSEGMENTS
Actuarial assumptions for main countries 18-6
Informationby geography 18-7
2-1 2-2
Generalinformation
194
Informationontheincomestatement and assets
NOTE 19
OTHERCURRENTLIABILITIES
221
by activity
195 196
2-3
Informationby geography
Additional information
NOTE 3
EXCHANGERATESOF FOREIGNCURRENCIES
197
NOTE 20
COMMENTSONTHECONSOLIDATEDCASHFLOW
STATEMENT
221
Income Statement and Statement of Comprehensive Income
NOTE 21
DIVIDENDS
222
NOTE 4
OPERATINGEXPENSES
198
NOTE 22
EXPOSURETOMARKETRISKS
222
NOTE 5
OTHERINCOMEANDEXPENSES
199
Counterpart risk 22-1 Foreign exchange risk 22-2 Interest rate risk 22-3
222 222 222 222 223 224 225
NOTE 6
FINANCIALINCOME
200
Liquidityrisk 22-4 Creditrisk 22-5
NOTE 7
Fairvalueoffinancial assets and liabilities 22-6 Net income impact by categoryofinstruments 22-7
INCOMETAX
201
7-1 7-2
Income taxexpense
201
Deferred and currenttaxrecognized in other
NOTE 23
SHARE-BASEDPAYMENTS
226
comprehensive income
202
Free share allocations with performance 23-1 conditions Free share allocations without performance 23-2 conditions
NOTE 8
226
EARNINGSPER SHAREGROUPSHARE
203
229
Balance sheet – Assets
NOTE 24
FINANCIALINSTRUMENTS
230
NOTE 9
PROPERTY,PLANTANDEQUIPMENT
203
Derivatives and hedge accounting 24-1
232 232 233
Foreign exchange risk 24-2 Interest rate risk 24-3
9-1 9-2
Property, plant and equipment – Gross value Property, plant and equipment - Depreciation
204
Impact of interest rate andforeignexchange 24-4 riskhedging on theconsolidated financial statements as ofDecember 31, 2019 Impact of interest rate andforeignexchange 24-5 riskhedging on theconsolidated financial statements as ofDecember 31, 2018 Portfolio oforeignexchangeriskhedgesasof 24-6 December 31, 2019 Mainbalancesheet itemsdeclaredin foreign 24-7 currencies
andimpairment loss
204
233
NOTE 10
GOODWILL
205
NOTE 11
INTANGIBLEASSETS
207
234
234
NOTE 12
OTHERNON-CURRENTASSETS
209
235
NOTE 13
DEFERREDTAX
209
NOTE 25
RELATEDPARTIES
235
Consolidated subsidiaries 25-1
235
NOTE 14
CHANGEINNETWORKINGCAPITAL
210
Members of theBoardofDirectors and of the 25-2 Executive Committee Companies in whichamember of theBoardof 25-3 Directors oroftheExecutive Committee hasa significant voting right
235
Balance sheet – Equity and liabilities
235
NOTE 15
SHARECAPITAL
211
NOTE 26
OFF-BALANCESHEETITEMS
236
Sharecapital 15-1
211
Sureties,deposits andguarantees issued 26-1 Sureties,deposits andguaranteesreceived 26-2
236 236 236
SOCIÉTÉ BIC shares held in treasury stock and 15-2 share repurchase program as ofDecember 31, 2019
Lease arrangements 26-3
211
NOTE 27
CONTINGENTLIABILITIES
236
NOTE 16
BORROWINGSANDFINANCIALLIABILITIES
212
NOTE 28
CONSOLIDATEDSUBSIDIARIES
237
NOTE 17
PROVISIONS
214
NOTE 29
AUDITORS’FEES
241
191
• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •
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