BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

NOTES TO THE INCOME STATEMENT

NOTE 11

NET SALES BREAKDOWN

The net sales of SOCIÉTÉ BIC break down as follows:

Dec. 31, 2020

Dec. 31, 2019

(in thousand euros)

France

Export

Total

France

Export

Total

Stationery

123,406

235,723

359,129

127,233

214,704

341,937

Lighters

20,914

193,683

214,597

19,224

182,759

201,984

Shavers

19,782

63,233

83,015

17,045

55,111

72,156

Other

3,866

14,448

18,314

4,418

7,538

11,956

TOTAL

167,968

507,087

675,055

167,920

460,113

628,033

NOTE 12

OTHER INCOME

Other income mainly comprises royalties (48,832 thousand euros) and management fees (22,248 thousand euros) invoiced to affiliates, as well as the foreign exchange gain on receivables and payables (11,739 thousand euros).

NOTE 13

MANAGEMENT COMPENSATION

Dec. 31, 2020

Dec. 31, 2019

(in thousand euros)

Administrative bodies

461

419

Management bodies

627

300

SOCIÉTÉ BIC has no salaried employees as of December 31, 2020.

NOTE 14

FINANCIAL INCOME

Financial income amounts to 743 thousand euros and is detailed as follows:

Dec. 31, 2020

Dec. 31, 2019

(in thousand euros)

Dividends received

128,155

69,546

Reversals/(provisions)

(106,473)

(68,560)

Foreign exchange gains and losses

(8,896)

(740)

Other

(1,146)

496

FINANCIAL INCOME

11,640

743

A provision for impairment of equity investments in Cello (62,413 thousand euros) was booked in 2020 in light of the adverse business environment of Cello both in India and its major export markets.

284

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •