BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Other employee benefits

Total employee benefits

Including U.S. other employee benefits

Including total U.S. employee benefits

Including U.S. Pension

Pension

(in thousand euros)

PRESENT VALUE OF OBLIGATION At January 1, 2019

469,464

352,015

88,663

87,750

558,127

439,766

Period costs:

15,775

20,241

4,955

5,381 1,574

20,730

25,622

Current service costs •

9,540

5,784

1,252

10,792

7,358

Past service costs (including curtailment) •

(11,443)

13

-

- -

(11,443)

13

Settlement •

276

-

(104)

172

-

Interest costs •

17,403

14,445

3,807

3,807

21,210

18,251

Benefits paid

(26,313)

(20,173) 44,850 49,130 (4,280)

(3,091)

(3,021) 15,649 14,813

(29,404)

(23,194) 60,499 63,943 (3,445)

Actuarial difference on gross obligation

60,266

15,659

75,925

Financial assumptions •

64,055 (3,789)

14,805

78,860 (2,935)

Demographic assumptions •

854

835

Taxes paid included in DBO

(10)

- - -

-

- - -

(10)

- - -

Contributions paid

7

-

7

Administrative expenses

(4)

-

(4)

Exchange differences

11,139

6,887

1,685

1,669

12,825

8,555

At December 31, 2019

A 530,325

403,821

107,871

107,428

638,196

511,249

FAIR VALUE OF PLAN ASSETS At January 1, 2019

397,240

329,084

-

- - - -

397,240

329,084 13,729 13,729

Total period income:

15,891

13,729 13,729

-

15,891

Interest income •

15,891

- -

15,891

Curtailment and settlement •

-

-

-

-

Benefits paid

(23,729)

(20,173)

(3,021)

(3,021)

(26,749)

(23,194)

Contributions paid by participants

(3)

-

-

-

(3)

-

Contributions paid by employer

8,613

5,850

3,021

3,021

11,634

8,871

Taxes paid from plan assets

(10)

-

-

- - - - -

(10)

-

Administrative expenses

(1,007)

(919)

-

(1,007)

(919)

Return on assets (excluding interest income)

67,792

63,268

-

67,792

63,268

Exchange differences

9,821

6,334

-

9,821

6,334

At December 31, 2019

B 474,608

397,172

-

474,608

397,172

NET LIABILITY IN THE BALANCE SHEET AS OF AT DECEMBER 31, 2019 NET LIABILITY IN THE BALANCE SHEET AS OF AT DECEMBER 31, 2018

C = A-B 55,717

6,649

107,871

107,428

163,588

114,077

72,224

22,932

88,663

87,750

160,887

110,682

245

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •