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 •