BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Number of shares purchased in 2019  (b)

Share repurchase program authorized by the Annual Shareholders’ Meeting held on May 16, 2018 •

478,667

Share repurchase program authorized by the Annual Shareholders’ Meeting held on May 22, 2019 •

-

Average share repurchase price for the purchases during the first half of 2018 (in euros)

81.83

Excluding shares repurchased under the liquidity contract. (b)

During fiscal year 2019, SOCIÉTÉ BIC cancelled 478,667 shares. To the best of the Company’s knowledge, as of December 31, 2019, Shareholders holding more than 5%, 10%, 15%, 20%, 25%, 33.33%, 50%, 66.66%, 90% or 95% of the share capital and/or of the voting rights of the Company were as follows:

At December 31, 2019 % of shares (approx.)

% of voting rights (approx.)

SOCIÉTÉ M.B.D.

28.20%

38.11%

Bich family

17.20%

23.20%

NOTE 16

BORROWINGS AND FINANCIAL LIABILITIES

Current borrowings and financial liabilities

Non-current borrowings and financial liabilities

Bank overdrafts

Current lease liability

Non-current lease liability

Total

(in thousand euros)

At January 1, 2018

1,657

3,044

3

165

212

5,080

Cash Flows

6,302

(1,115)

-

(16,756)

-

(11,569)

“Non cash” changes

1

(691)

-

30,479

31,896 61,685

Changes in lease liabilities – IFRS 16 first • application

- 

- 

- 

1,530

51,949 53,480

Changes in lease liabilities •

- 

- 

- 

29,048

(20,436)

8,611

Exchange difference •

1

(691)

-

(99)

383

(407)

Subsidiary divestiture

(222)

(64)

-

(220)

(79)

(585)

At January 1, 2019

7,738

1,174

3

13,668

32,028 54,610

Cash Flows

44,040

(33)

 2,888

(16,487)

(1,068)

 29,341

“Non-cash” changes

(69) 

  17

  6

 15,478

(1,526)

 13,905

Changes in lease liabilities – IFRS 16 •

 -

 -

-

 15,551

(1,242)

 14,309

Exchange difference •

(69)

17

  6

( 73)

( 284)

( 404)

Subsidiary divestiture

-

-

-

-

-

 - 

December 31, 2019

 51,710

 1,157

 2,897

 12,660

 29,434 97,856

Bank overdrafts are due within one year. Bank loans and financial liabilities have the following maturities:

December 31, 2019

December 31, 2018

(in thousand euros)

On demand or within one year

1,174

1,157

In the 2 nd year

3

-

In the 5 th year

-

2,897

TOTAL

1,177

4,054

212

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •