BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

December 31, 2019

Breakdown by category of instruments

At fair value through the income statement

Derivative hedging instruments

Receivables at amortized cost

Debts at amortized cost

At fair value through equity

Balance sheet items (in thousand euros)

Balance sheet value Fair value

Note

Financial assets

751,172 751,172

68,234

2,918 680,020

-

-

Non-current Derivatives financial instruments •

24

220

220

-

220

-

-

-

Other investments •

33

33

33

-

-

-

-

Current Trade and other receivables •

14 545,609 545,609

13,753

-

531,856

-

-

Derivative financial instruments •

24

2,698

2,698

-

2,698

-

-

-

Other current financial assets •

4,058

4,058

4,058

-

-

-

Cash and cash equivalents •

198,555 198,555

50,391

-

148,165

-

-

Financial liabilities

231,774 231,774

-

7,514

-

224,261

-

Non-current

Borrowings •

16

32,331

32,331

-

-

-

32,331

-

Derivative instruments •

24

44

44

-

44

-

-

-

Current

Borrowings •

16

65,526

65,526

-

-

-

65,526

-

Derivative instruments •

24

7,470

7,470

-

7,470

-

-

-

Trade and other payables •

14 126,403 126,403

-

-

-

126,403

-

Fair value valuation method The tables below set out the fair value method for valuing financial instruments, using the following three levels: level 1 (quoted prices in active markets): money market UCITS ● and other current financial assets; level 2 (observable inputs): derivatives – hedge accounting; ● level 3 (non-observable inputs): no such instruments are held ● as of December 31, 2020.

The valuation methods adopted for financial instruments are as follows: Financial instruments other than derivatives recorded in the ● balance sheet: The book values used are reasonable estimates of their market value except for marketable securities whose carrying values are determined based on the last known net asset values as of December 31, 2020. Derivative financial instruments: ● Market values are either those of the financial institutions or have been calculated by an external third-party on the basis of the last known closing prices as of December 31, 2020. They are consistent with the valuation reports provided by the financial institutions.

December 31, 2020

Category of instruments (in thousand euros)

Total

Level 1

Level 2

Level 3

At fair value through the income statement – Assets

128,509

128,509

-

-

Derivative hedges – Assets

27,057

-

27,057

-

Derivative hedges – Liabilities

3,347

-

3,347

-

253

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •