BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

2. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

December 31, 2020

Notes

December 31, 2019

(in thousand euros)

GROUP NET INCOME

A

176,095

93,724

OTHER COMPREHENSIVE INCOME Actuarial differences on post-employment benefits not recyclable to the income statement (a)

(8,092)

(13,823)

Deferred tax on actuarial differences on post-employment benefits

1,809

3,075

Other comprehensive income not recyclable to the income statement – Net of tax

B

(6,283)

(10,748)

Gain/(Loss) on cash flow hedge

872

23,347

Exchange differences arising on translation of overseas operations (b)

5,761

(142,303)

Equity instruments at fair value

5

3

Deferred tax and current tax recognized on other comprehensive income

7-2

1,805

(5,842)

Other comprehensive income recyclable to the income statement – Net of tax

C

8,442

(124,795)

TOTAL COMPREHENSIVE INCOME

D = A + B + C

178,254

(41,819)

Attributable to: BIC Group •

178,254

(41,819)

Non-controlling interests •

-

-

TOTAL

178,254

(41,819)

The impact of actuarial differences is mainly due to U.S. plans. (a) The main items impacting the translation reserve variance for the period, by currency, are as follows: Brazilian real -60.4 million euros, U.S. dollar -34.6 million euros, Mexican peso (b) -18.5 million euros, Indian rupee -8.3 million euros, South African rand -3.9 million euros and Argentinian peso -3.3 million euros.

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •