BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Intangible assets in progress

Trademarks & patents

Research & development

Software

Other

Total

(in thousand euros)

GROSS VALUE At January 1, 2019

68,822

94,507

4,240

5,027

11,245

183,841

Acquisitions

1,179

223

-

3,943

40

5,537

Disposals/Write-offs

(288)

-

-

(143)

(12)

(594)

Constructions in progress put in use

2,030

(328)

-

(2,074)

373

-

Exchange differences

567

833

47

(38)

12

1,421

At January 1, 2020

72,311

95,235

4,287

6,715

11,657

190,205

Acquisitions

54

147

-

5,863

301

6,365

Djeep Acquisition

-

553

-

-

11,453

12,006

Rocketbook Acquisition

-

17,070

-

-

676

17,746

Disposals/Write-offs

-

(1,490)

-

(1,640)

28

(3,102)

Constructions in progress put in use

782

-

-

(771)

(11)

-

Exchange differences

(4,062)

(5,669)

(210)

399

(625)

(10,167)

At December 31, 2020

69,086

105,847

4,077

10,566

23,478

213,054

Intangible assets in progress

Trademarks & patents

Research & development

Software

Other

Total

(in thousand euros)

AMORTIZATION AND IMPAIRMENT LOSS At January 1, 2019

56,198

46,143

4,240

301

546

107,428

Amortization for the period

5,387

540

-

37

1,503

7,467

Impairment loss

-

20,772

-

-

-

20,772

Disposals/Write-offs

(349)

-

-

-

(12)

(361)

Exchange differences

337

519

47

15

3

921

At January 1, 2020

61,573

67,974

4,287

353

2,040

136,227

Amortization for the period

4,980

492

-

4

1,852

7,329

Impairment loss

9

15,203

-

-

-

15,212

Disposals/Write-offs

(1,601)

(1,490)

-

-

-

(3,091)

Other transferts

302

-

-

(302)

-

-

Exchange differences

(3,454)

(4,577)

(210)

(55)

(323)

(8,619)

At December 31, 2020

61,809

77,602

4,077

-

3,569

147,057

NET VALUE At December 31, 2020

7,277

28,245

-

10,566

19,909

65,997

At December 31, 2019

10,738

27,261

-

6,362

9,617

53,978

Software Internally-generated software is principally related to investments linked to the upgrade of information technology systems. Trademarks and patents Following the acquisition of Rocketbook, the purchase price allocation was performed (see note 1). Intangible assets were identified amounting 20.5 million U.S. dollars (17.4 million euros at December 31, 2020), mainly trademark for an amount of 14.8 million U.S. dollars (12.1 million euros at December 31, 2020) and the patent amounting 5.7 million U.S. dollars (4.6 million euros as of December 31, 2020). These assets are allocated to the cash-generating units constituted by the subsidiary Rocketbook.

The main trademarks booked in the balance sheet as of December 31, 2020 are the Rocketbook ® trademark for 12.1 million euros, Pimaco ® trademark for 2.7 million euros et Cello ® trademark for 9.7 millions d'euros. These trademarks have an infinite lifetime. For impairment test purposes, they are linked to the Rocketbook, PIMACO and Cello Pens subsidiaries’ cash-generating units. With regard to the latter, an impairment was accounted as of June 30, 2020 amounting to 14.9 million euros and 21 million euros in 2019, as described in the note 10.

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• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •