BIC - 2020 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

NOTE 15

NON-RECURRING INCOME AND EXPENSES

The non-recurring income and expenses break down mainly as follows:

Dec. 31, 2020

Dec. 31, 2019

(in thousand euros)

Capital gains/(losses) on asset disposals

(96)

(121)

Provision for contingencies (net of reversal)

(1,225)

(16,430)

Tax adjustments

(929)

(468)

Debt waivers for subsidiaries

(2,000)

-

Other

(4,946)

(699)

NON-RECURRING INCOME AND EXPENSES

(9,196)

(17,719)

NOTE 16

INCOME TAX BREAKDOWN

Net income before tax

Income Tax expense

Net income after tax

(in thousand euros)

Recurring net income

49,139

18,830

30,309

Non-recurring income and expenses

(17,719)

(1,551)

(16,168)

TOTAL

31,420

17,278

14,141

NOTE 17

TAX GROUPING

SOCIÉTÉ BIC is the parent company of the tax Group comprising de Moulages, DAPE 74 Distribution Électro-Centre and BIC the following companies as of December 31, 2020: Bima 83, BIC Education.

Écriture 2000, BIC Services, BIC Conté, Société Immobilière BIC Clichy, Société Immobilière Valiton Gesnouin, BIC Rasoirs, Société du Briquet Jetable 75, BIC Graphic France, BIC Assemblage, BIC Technologies, BIC International Development formerly Compagnie

As parent company, SOCIÉTÉ BIC recognizes in its financial statements the gain or loss related to the effects of the tax consolidation. In this respect, the gain recorded by SOCIÉTÉ BIC in 2020 amounts to 316,041 euros.

NOTE 18

MAIN INCREASES/DECREASES IN THE DEFERRED TAX BASIS

Déc. 31, 2020

(in thousand euros)

C3S

907

Provision for contingencies

4,470

Provision on trade receivables

7,842

Foreign exchange losses

279

Provision on free shares

19,409

Other

51

TOTAL

32,957

DECREASE IN DEFERRED TAX LIABILITIES

(9,363)

285

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •