BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

9-2

Changes in Shareholders’ equity

(in thousand euros) Shareholders’ equity as of December 31, 2019 (before distribution)

1,195,068

Dividend distribution with respect to fiscal year 2019

110,214

Shareholders’ equity as of December 31, 2019 (after distribution)

1,084,854

Increase in share capital

-

Decrease in share capital (a)

(521)

Share issue premium

-

Retained earnings (a)

(6,832)

Net income for the year

14,141

Shareholders’ equity as of December 31, 2020 (before distribution)

1,091,642

During fiscal year 2020, SOCIÉTÉ BIC cancelled 136,383 shares. (a)

NOTE 10

PROVISIONS

Reversals during the year (used)

Reversals during the year (unused)

Allocations during the year

Dec. 31, 2020

Dec. 31, 2019

Merger

(in thousand euros)

Risk – Subsidiaries

1,864

-

594

-

-

2,458

Risk – Tax audit

559

-

2,266

-

-

2,825

Foreign exchange losses

311

-

654

-

-

965

Free share grant plans

27,903

-

-

(6,510)

-

21,393

Other provisions for contingencies

1,678

-

-

(575)

-

1,103

PROVISIONS FOR CONTINGENCIES AND LOSSES

32,315

-

3,513

(7,085)

-

28,743

Allocations during the year

Reversals during the year

Dec. 31, 2020

Dec. 31, 2019

Merger

(in thousand euros)

Intangible assets and Property, plant and equipment

3,772

-

14,929

-

18,702

Investments

231,788

-

69,127

(931)

299,985

Work-in-process goods

168

-

-

(169)

(1)

Goods

1,881

-

558

-

2,439

Trade receivables

16,370

-

549

(1,722)

15,197

Provisions for other receivables

10,367

-

594

-

10,961

PROVISIONS FOR IMPAIRMENT

264,346

-

85,757

(2,822)

347,282

283

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •