BIC - 2019 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

NOTES TO THE INCOME STATEMENT

NOTE 11

NET SALES BREAKDOWN

The net sales of SOCIÉTÉ BIC break down as follows:

Dec. 31, 2019

Dec. 31, 2018

(in thousand euros)

France

Export

Total

France

Export

Total

Stationery

121,935

234,670

356,605

123,406

235,723

359,129

Lighters

22,452

212,637

235,089

20,914

193,683

214,597

Shavers

20,094

57,165

77,259

19,782

63,233

83,015

Other

4,094

18,088

22,182

3,866

14,448

18,314

TOTAL

168,575

522,560

691,135

167,968

507,087

675,055

NOTE 12

OTHER INCOME

Other income mainly comprises royalties (49,928 thousand euros) and management fees (25,617 thousand euros) invoiced to affiliates, as well as the foreign exchange gain on receivables and payables (8,232 thousand euros).

NOTE 13

MANAGEMENT COMPENSATION

Dec. 31, 2019

Dec. 31, 2018

(in thousand euros)

Administrative bodies

469

461

Management bodies

628

627

SOCIÉTÉ BIC has no salaried employees as of December 31, 2019.

NOTE 14

FINANCIAL INCOME

Financial income amounts to 11,639 thousand euros and is detailed as follows:

Dec. 31, 2019

Dec. 31, 2018

(in thousand euros)

Dividends received

159,800

128,155

Merger gain

2,185

- 

Reversals/(provisions)

(78,783)

(106,473)

Foreign exchange gains and losses

1,295

(8,896)

Other

(1,644)

(1,146)

FINANCIAL INCOME

82,853

11,640

A provision for impairment of equity investments in Cello (99,379 thousand euros) was booked in 2019 in light of the adverse business environment of Cello both in India and its major export markets.

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •