BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 4.

Share- holders’

Actuarial differences recognized in equity

Cash flow hedge derivatives

equity Group share

Non- controlling interests

Share- holders’ equity

Accumulated profits

Translation reserve

Notes Share capital

(in thousand euros)

At January 1, 2016

180,169 1,731,790 (79,281)

16,393

473 1,849,544

- 1,849,544

Dividends paid

CF, 21

-

(277,042)

-  -  -  - 

- - -

- - -

(277,042)

- - - -

(277,042)

Decrease in share capital Increase in share capital

(1,724)

(54,063)

(55,787)

(55,787)

234

2,646

2,880

2,880

Treasury shares

(346)

(23,981)

 -

 -

(24,326)

(24,326)

Recognition of share-based payments

CF, 23

- -

14,944

 - - 

- -

- -

14,944

- -

14,944

Other movements

(1)

(1)

(1)

Total transactions with Shareholders

(1,835)

(337,497)

-

- (339,333)

- (339,333)

- 

Net income for the period

-   -

249,686

- 

- 

- 

249,686

- - -

249,686

Other comprehensive income Total comprehensive income

139

(3,803)

45,789

(9,406)

32,719

32,719

-

249,824

(3,803)

45,789

(9,406)

282,404

282,404

At December 31, 2016

178,333 1,644,117 (83,085)

62,182 (8,933) 1,792,615

- 1,792,615

Dividends paid

CF, 21

-

(161,045)

 -  -  - - 

- - - -

- - - -

(161,045)

- - - -

(161,045)

Decrease in share capital  (a) Increase in share capital  (b)

(3,804)

(93,334)

(97,138)

(97,138)

281 331

3,634

3,915

3,915

Treasury shares

391

722

722

Recognition of share-based payments

CF, 23

- -

7,851

 - - 

- -

- -

7,851

- -

7,851

Other

(111)

(111)

(111)

Total transactions with Shareholders

(3,193)

(242,615)

-

- (245,807)

- (245,807)

-

Net income for the period

IS 

 - - 

288,295

- 

- 

- 

288,295

- - -

288,295

Other comprehensive income Total comprehensive income

11,245

(16,302)

(148,016)

21,892 (131,182)

(131,182) 157,114

299,540

157,114

-

(16,302)

(148,016) (85,834)

21,892

At December 31, 2017

175,141 1,701,042 (99,387)

12,959 1,703,921

- 1,703,921

995,854 shares were cancelled during 2017. (a) Following the exercise of stock options, the share capital was increased by 73,559 shares. (b) See consolidated cash flow statement. CF: See income statement. IS:

169

BIC GROUP - 2017 REGISTRATION DOCUMENT