BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

3. CASH FLOWSTATEMENT

Dec. 31, 2020

Notes

Dec. 31, 2019

(in thousand euros)

Operating activities Net income

63,097

14,141

Merger gain

-

-

Dividends received

14

(128,155)

(69,546)

Depreciation, amortization and provisions on non-current assets

102,828

83,214

(Gain)/Loss on the disposal of assets

(3)

121

Gross cash flow from operating activities

37,767

27,931

(Increase)/Decrease in net working capital

48,479

55,965

NET CASH FLOWFROMOPERATING ACTIVITIES

86,246

83,895

Investing activities Dividends received from subsidiaries

14

128,155

69,546

Proceeds from disposals of property, plant and equipment and intangible assets

3

919

Acquisition of property, plant and equipment

3

(1,130)

(1,145)

Acquisition of intangible assets

3

(27,220)

(3,112)

(Increase)/Decrease in treasury shares

(39,837)

2,466

(Increase)/Decrease in other investments

3

(34)

(200)

Acquisitions of subsidiaries

22

(23,189)

(55,678)

NET CASH FLOWFROM INVESTING ACTIVITIES

36,748

12,795

Financing activities Dividends paid

9-2

(155,228)

(110,214)

Loans/(Repayments)

(3)

75,000

Movement in current accounts

(8,465)

60,746

NET CASH FLOWFROM FINANCING ACTIVITIES

(163,696)

25,532

Net increase/(decrease) in cash and cash equivalents

(40,702)

122,222

Opening cash and cash equivalents

5,258

(35,444)

CLOSING CASH AND CASH EQUIVALENTS

(35,444)

86,778

277

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •