BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

18-5

Additional information

Nature of plan assets

Including fair value of plan assets with a quoted price on an active market

December 31, 2020 (in thousand euros)

Fair value of plan assets

Equity

165,079

35.1%

165,079

35.1%

Bonds and other fixed income

274,593

58.3%

274,593

58.3%

Cash and cash equivalents

4,621

1.0%

4,621

1.0%

Real Estate

24,292

5.2%

24,292

5.2%

Assets held by insurance companies

1,861

0.4%

1,861

0.4%

Other

375

0.1%

375

0.1%

TOTAL

470,821

100%

470,821

100%

Including fair value of plan assets with a quoted price on an active U.S. market

December 31, 2020 (in thousand euros)

U.S. fair value of plan assets

Equity

151,108

38.3%

151,108

38.3%

Bonds and other fixed income

238,971

60,6%

238,971

60,6%

Cash and cash equivalents

3,990

1.0%

3,990

1.0%

TOTAL

394,068

100%

394,069

100%

December 31, 2019 (in thousand euros)

Including fair value of plan assets with a quoted price on an active market

Fair value of plan assets

Equity

190,854

40.2%

190,854

40.2%

Bonds and other fixed income

252,837

53.3%

252,837

53.3%

Cash and cash equivalents

3,639

0.8%

3,639

0.8%

Real Estate

25,820

5.4%

25,820

5.4%

Assets held by insurance companies

1,471

0.3%

1,471

0.3%

Other

-

-

-

-

TOTAL

474,608

100%

474,608

100%

December 31, 2019 (in thousand euros)

Including fair value of plan assets with a quoted price on an active U.S. market

U.S. fair value of plan assets

Equity

177,106

44.6%

177,106

44.6%

Bonds and other fixed income

217,211

54.7%

217,211

54.7%

Cash and cash equivalents

2,855

0.7%

2,855

0.7%

TOTAL

397,172

100%

397,172

100%

Actuarial assumptions for main countries 18-6 Actuarial assumptions used to calculate the benefit obligations vary according to the economic conditions of the country in which the plan is located. They have been adjusted according to the change in interest rates and the mortality table. Assumptions for plans representing the main obligations are set out below:

United States

United Kingdom

France

December 31, 2020

Discount rate

2.32%

1.35%

0.50%

Inflation rate

2.50%

3.10%

1.50%

Expected rate of salary increases

3.60%

N/A

1.75%

Average plan duration (years)

13.5

18.0

13.3

247

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •