BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 2.

Notes

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

GROUP NET INCOME

A

249,686

288,295

OTHER COMPREHENSIVE INCOME Actuarial differences on post-employment benefits not recyclable to the income statement  (a)

18-2

(4,282)

14,389

Deferred tax on actuarial differences on post-employment benefits

7-2

479

(30,691)

Total actuarial differences not recyclable to the income statement – Net of tax

B

(3,803)

(16,302)

Gain/(Loss) on cash flow hedge

(14,107)

33,252

Exchange differences arising on translation of overseas operations  (b)

45,789

(148,016)

Available-for-sale investments

2

5

Deferred tax and current tax recognized on other comprehensive income

7-2

4,837

(120)

Other comprehensive income recyclable to the income statement - Net of tax

C

36,522

(114,879)

TOTAL COMPREHENSIVE INCOME

D = A + B + C

282,405

157,115

Attributable to: BIC Group •

282,405

157,115

Non-controlling interests •

-

-

TOTAL

282,405

157,115

The impact of actuarial differences is mainly due to U.S. and French plans. (a) The main items impacting the translation reserve variance for the period, by currency, are as follows: Brazilian real -34.1 million euros, U.S. dollar -78.2 million euros and Mexican (b) peso -6.0 million euros.

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BIC GROUP - 2017 REGISTRATION DOCUMENT