BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

6. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 18

PENSION ANDOTHER EMPLOYEE BENEFITS

242

General

18-1 18-2 18-3 18-4 18-5 18-6 18-7

Plan characteristics

242

Change in the net obligation of defined-benefit

NOTE 1

MAIN RULES AND ACCOUNTING POLICIES

218

plans

244 246 246 247 247 248

1-1 1-2

218 219

Accounting policies

Funded/unfunded obligations

Change in Group structure

Period costs

Additional information

NOTE 2

OPERATING SEGMENTS

220

Actuarial assumptions for main countries

Information by geography

2-1 2-2

General information

220

Information on the income statement and assets

NOTE 19

OTHER CURRENT LIABILITIES

249

by activity

221 223

2-3

Informations by geography

Additional information

NOTE 3

EXCHANGE RATES OF FOREIGN CURRENCIES

224

NOTE 20

COMMENTS ON THE CONSOLIDATED CASH FLOW

STATEMENT

249

Income Statement and Statement of Comprehensive Income

NOTE 21

DIVIDENDS

250

NOTE 4

OPERATING EXPENSES

225

NOTE 22

EXPOSURE TOMARKET RISKS

250

NOTE 5

OTHER INCOME AND EXPENSES

226

22-1 22-2 22-3 22-4 22-5 22-6 22-7

Counterpart risk

250 250 250 251 251 252 254

Foreign exchange risk

Interest rate risk

NOTE 6

FINANCIAL INCOME

227

Liquidity risk Credit risk

NOTE 7

INCOME TAX

228

Fair value of financial assets and liabilities Net income impact by category of instruments

7-1 7-2

228

Income tax expense

Deferred and current tax recognized in other

NOTE 23

SHARE BASED PAYMENTS

254

comprehensive income

229

23-1

Free share allocations with performance

NOTE 8

EARNINGS PER SHARE GROUP SHARE

230

conditions

254

23-2

Free share allocations without performance

conditions

256

Balance sheet – Assets

NOTE 24

FINANCIAL INSTRUMENTS

257

NOTE 9

PROPERTY, PLANT AND EQUIPMENT

230

24-1 24-2 24-3 24-4

259 260 260

Derivatives and hedge accounting

Foreign exchange risk

9-1 9-2

231

Property, plant and equipment – Gross value Property, plant and equipment – Depreciation

Interest rate risk

Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of December 31, 2020 Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of December 31, 2019 Portfolio of foreign exchange risk hedges as of

and impairment loss

231

260

NOTE 10

GOODWILL

232

24-5

NOTE 11

OTHER INTANGIBLE ASSETS

234

261

24-6

December 31, 2020

261

NOTE 12

OTHER NON-CURRENT ASSETS

236

24-7

Main balance sheet items declared in foreign

currencies

262

NOTE 13

DEFERRED TAX

236

NOTE 25

RELATED PARTIES

262

25-1 25-2

Consolidated subsidiaries

262

NOTE 14

CHANGE IN NETWORKING CAPITAL

237

Members of the Board of Directors and of the

Executive Committee

262

25-3

Companies in which a member of the Board of Directors or of the Executive Committee has a significant voting right

Balance sheet – Equity and liabilities

262

NOTE 15

SHARE CAPITAL

238

NOTE 26

OFF-BALANCE SHEET ITEMS

263

15-1 15-2

238

Share capital

SOCIÉTÉ BIC shares held in treasury stock and share repurchase program as of December 31, 2020

26-1 26-2 26-3

263 263 263

Sureties, deposits and guarantees issued Sureties, deposits and guarantees received

238

Lease arrangements

NOTE 16

BORROWINGS AND FINANCIAL LIABILITIES

239

NOTE 27

CONTINGENT LIABILITIES

263

NOTE 17

PROVISIONS

241

NOTE 28

CONSOLIDATED SUBSIDIARIES

264

NOTE 29

AUDITORS’ FEES

268

217

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •