BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

3. CASH FLOWSTATEMENT

Dec. 31, 2019

Notes

Dec. 31, 2018

(in thousand euros)

Operating activities Net income

149,840

63,097

Merger gain

(2,185)

- 

Dividends received

14

(159,800)

(128,155)

Depreciation, amortization and provisions on non-current assets

90,312

102,828

(Gain)/Loss on the disposal of assets

-

(3)

Gross cash flow from operating activities

78,167

37,767

(Increase)/Decrease in net working capital

(12,241)

48,479

NET CASH FLOWFROMOPERATING ACTIVITIES

65,926

86,246

Investing activities Dividends received from subsidiaries

14

159,800

128,155

Proceeds from disposals of property, plant and equipment and intangible assets

-

3

Acquisition of property, plant and equipment

3

(1,470)

(1,130)

Acquisition of intangible assets

3

(1,599)

(27,220)

(Increase)/Decrease in treasury shares

(50,705)

(39,837)

(Increase)/Decrease in other investments

3

(138)

(34)

Acquisitions of subsidiaries

22-2

(12,640)

(23,189)

NET CASH FLOWFROM INVESTING ACTIVITIES

93,248

36,748

Financing activities Dividends paid

9.2

(157,762)

(155,228)

Loans/(Repayments)

(3)

(3)

Movement in current accounts

(38,632)

(8,465)

NET CASH FLOWFROM FINANCING ACTIVITIES

(196,397)

(163,696)

Net increase/(decrease) in cash and cash equivalents

(37,223)

(40,702)

Opening cash and cash equivalents

42,482

5,258

CLOSING CASH AND CASH EQUIVALENTS

5,259

(35,444)

250

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •