BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

9-2

Changes in Shareholders’ equity

(in thousand euros) Shareholders’ equity as of December 31, 2018 (before distribution)

1,326,368

Dividend distribution with respect to fiscal year 2018

155,228

Shareholders’ equity as of December 31, 2018 (after distribution)

1,171,140

Increase in share capital

- 

Decrease in share capital  (a)

(1,828)

Share issue premium

- 

Retained earnings  (a)

(37,341)

Net income for the year

63,097

Shareholders’ equity as of December 31, 2019 (before distribution)

1,195,068

During fiscal year 2019, SOCIÉTÉ BIC cancelled 478,667 shares. (a)

NOTE 10

PROVISIONS

Reversals during the year (used)

Reversals during the year (unused)

Allocations during the year

Dec. 31, 2019

Dec. 31, 2018

Merger

(in thousand euros)

Risk – Subsidiaries

970

- 

1,596

- 

(702)

1,864

Risk – Tax audit

488

- 

559

(488)

- 

559

Foreign exchange losses

156

- 

311

(156)

- 

311

Free share grant plans

36,365

- 

(8,462)

- 

-

27,903

Other provisions for contingencies

1,484

- 

361

 -

(167)

1,678

PROVISIONS FOR CONTINGENCIES AND LOSSES

39,463

- 

(5,635)

(644)

(869)

32,315

Allocations during the year

Reversals during the year

Dec. 31, 2019

Dec. 31, 2018

Merger

(in thousand euros)

Intangible assets and Property, plant and equipment

3,772

- 

- 

- 

3,772

Investments

125,778

- 

110,365

(4,355)

231,788

Work-in-process goods

274

- 

- 

(106)

168

Goods

1,629

- 

1,771

(1,519)

1,881

Trade receivables

15,615

- 

11,285

(10,530)

16,370

Provisions for other receivables

10,027

- 

663

(323)

10,367

PROVISIONS FOR IMPAIRMENT

157,095

-

124,084

(16,833)

264,346

256

• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •