BIC_REGISTRATION_DOCUMENT_2017
COMMENTS ON THE YEAR Financial situation and cash
4.2. Financial situation and cash
At the end of 2017, the net cash position (1) was 204.9 million euros, compared to 222.2 million euros as of December 31, 2016. 2017 Net Cash from operating activities (1) totaled 380.6 million euros including +411.3 million euros in Operating Cash Flow. The Net Cash
position was also impacted by investments in CAPEX, dividend payments and share buy-backs as well as the proceeds from the sale of BIC Graphic North America and Sourcing Asia.
MAIN BALANCE SHEET ITEMS
2016
2017
(in million euros)
Shareholders’ equity
1,792.6
1,703.9
Current borrowings and bank overdrafts
49.6
4.9 0.2
Non-current borrowings
1.4
Cash and cash equivalents – Assets
243.8
188.6
Other current financial assets and derivatives instruments
31.1
45.0
Net cash position (a)
222.2
204.9
goodwill and intangible assets
372.7
350.6
TOTAL BALANCE SHEET 2,352.6 SOCIÉTÉ BIC did not request any rating from any credit ratings agency nor, to the best of its knowledge, has it been the object of any unsolicited rating by any credit ratings NB: agency. See Glossary § 8.9. (a) 2,573.7
CONDENSED CASH FLOW STATEMENT
2016
2017
(in million euros)
Cash flow from operations
417.2 (62.8) (55.7)
411.3
(Increase)/Decrease in net working capital
(9.5)
Other operating cash flows
(21.2)
Net cash from operating activities from continuing operations
276.2
374.5
Net Cash from operating activities from discontinued operations
22.5
6.1
Net cash from operating activities (a)
298.7
380.6
Net Cash from investing activities from continuing operations Net Cash from investing activities from discontinued operations
(127.2)
(108.4)
(5.3)
(3.4)
Net cash from investing activities
(132.5)
(111.8)
Net Cash from financing activities from continuing operations Net Cash from financing activities from discontinued operations
(291.5)
(273.1)
(48.0)
(2.3)
Net cash from financing activities
(339.5)
(275.4)
Net increase/(decrease) in cash and cash equivalents
(173.2)
(6.6)
Closing cash and cash equivalents
217.4
187.0
See Glossary § 8.9. (a)
See Glossary § 8.9. (1)
157
BIC GROUP - 2017 REGISTRATION DOCUMENT
Made with FlippingBook - professional solution for displaying marketing and sales documents online