BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

9-1

Property, plant and equipment – Gross value

Other fixed assets

Land & buildings – Right of use

Machinery & equipment – Right of use

Vehicles - Right of use

Other fixed assets – Right of use

Land & buildings

Machinery & equipment

Construction in progress

Total

(in thousand euros)

At January 1, 2018

417,908 1,185,453

171,181 26,254

1,793

65

667

79 1,803,402

Argentina hyperinflation

106

95

-

232

-

-

2

-

435

Acquisitions

5,660

33,720

78,323 218

2,887

171 5,377

120 126,476

Acquisition – Kenya

-

-

3,877

-

-

-

-

-

3,877

BIC Sport disposal

(6,189)

(13,005)

(192)

(790)

(354)

(121)

(66)

(48)

(20,765)

Disposals/Write-offs

(550)

(24,008)

70 (3,793)

(1,486)

(11)

(395)

1 (30,174)

Other transfers

32,861

60,990

(96,388)

1,631

(125)

-

-

-

1,031

Exchange differences

(1,698)

(982)

(1,059)

(810)

1,147

23 (751)

(435)

(4,565)

At January 1, 2019

448,098 1,242,263

155,812 22,942

42,923

4,818 13,643

634 1,931,133

Acquisitions

2,503

19,893

84,389 1,459

10,706

102 3,497

4 132,295

Acquisition - Nigeria

-

449

-

388

-

-

-

-

837

Disposals/Write-offs

(1,902)

(24,354)

(736)

318

(1,396)

(118)

(1,389)

-

(39,319)

Other transfers

18,425

 71,566

(91,219) 1,228

-

-

  -

 -

-

Exchange differences

2,001

6,750

772 127

(427)

45

124

(4)

9,388

At December 31, 2019

469,125 1,316,567

149,018 26,462

51,806

4,847 15,876

634 2,034,335

9-2

Property, plant and equipment - Depreciation and impairment loss

Accounting policies At each balance sheet date, the Group reviews the carrying amount of its property, plant and equipment and intangible assets to ● determine whether there is any indication that these assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine, if applicable, the amount of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future ● cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessment of the time value of money and the risk specific to the asset. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount ● of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately as an expense in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Where an impairment loss subsequently reverses or is reduced, the carrying amount of the asset (or cash-generating unit) is ● increased to the revised estimate of its recoverable amount. However, the increased carrying amount should not exceed the carrying amount that would have been determined if no impairment loss had been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss unless the relevant asset is carried at a revalued amount, ● in which case the reversal of the impairment loss is treated as a revaluation decrease.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •