BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 6.

General

NOTE 18

PENSION AND OTHER EMPLOYEE

BENEFITS

196

NOTE 1

MAIN RULES AND ACCOUNTING POLICIES

174

Plan characteristics 18-1

197

Change in the net obligation of defined-benefit 18-2 plans

1-1 1-2

Accounting policies

174 176 176

199 200 200 200 201 202 203

Change in Group structure

Funded/unfunded obligations 18-3

NOTE 2

OPERATING SEGMENTS

Period costs 18-4

Additional information 18-5

2-1 2-2

General information

176

Actuarial assumptions for main countries 18-6

Information on the income statement and

Information by geography 18-7 OTHER CURRENT LIABILITIES Additional information

assets by activity

177 179

2-3

Information by geography

NOTE 19

Income statement

NOTE 20

DISCONTINUED OPERATIONS

203

NOTE 3

FOREIGN CURRENCY EXCHANGE RATES

180

NOTE 21

DIVIDENDS

204

Income statement

NOTE 22

EXPOSURE TO MARKET RISKS

204

Counterpart risk 22-1 Foreign exchange risk 22-2 Interest rates risk 22-3

204 204 204 204 205 206 208 208

NOTE 4

OPERATING EXPENSES

181

NOTE 5

OTHER INCOME AND EXPENSES

181

Liquidity risk 22-4 Credit risk 22-5

NOTE 6

FINANCIAL INCOME

182

Fair value of financial assets and liabilities 22-6 Net income impact by category of instruments 22-7

NOTE 7

INCOME TAX

183

NOTE 23

SHARE-BASED PAYMENTS

7-1 7-2

Income tax expense

183

Grant of stock option plans 23-1

208

Deferred and current tax recognized in other

Free share allocations with performance 23-2 conditions Free share allocations without performance 23-3 conditions

comprehensive income

184 185

209

NOTE 8

EARNINGS PER SHARE GROUP SHARE

212 213 215 215 216

NOTE 24

FINANCIAL INSTRUMENTS

Balance sheet – Assets

Derivatives and hedge accounting 24-1

Foreign exchange risk 24-2 Interest rate risk 24-3

NOTE 9

PROPERTY, PLANT AND EQUIPMENT

185

9-1 9-2

Property, plant and equipment – Gross value Property, plant and equipment - Depreciation

186

Impact of interest rate and foreign exchange 24-4 risk hedging on the consolidated financial statements as of December 31, 2017 Impact of interest rate and foreign exchange 24-5 risk hedging on the consolidated financial statements as of December 31, 2016 Portfolio of foreign exchange risk hedges as of 24-6 December 31, 2017 Main balance sheet items declared in foreign 24-7  currencies

and impairment loss

186 187

216

NOTE 10

GOODWILL

217

Income statement

217

NOTE 11

INTANGIBLE ASSETS

189

218 218

NOTE 25

RELATED PARTIES

NOTE 12

OTHER NON-CURRENT ASSETS

190

Consolidated subsidiaries 25-1

218

Members of the Board of Directors and of the 25-2 Leadership Team Companies in which a member of the Board of 25-3 Directors or of the Leadership Team has a significant voting right

NOTE 13

DEFERRED TAX

191

218

NOTE 14

CHANGE IN NET WORKING CAPITAL

192

218 219 219 219 219

NOTE 26

OFF-BALANCE SHEET ITEMS

Balance sheet – Liabilities

Sureties, deposits and guarantees issued 26-1 Sureties, deposits and guarantees received 26-2 OBLIGATIONS UNDER FINANCE LEASES

NOTE 15

SHARE CAPITAL

193

NOTE 27

Share capital 15-1

193

SOCIÉTÉ BIC shares held in treasury stock and 15-2 share repurchase program as of December 31, 2017 BORROWINGS AND FINANCIAL LIABILITIES

NOTE 28

CONTINGENT LIABILITIES

219

193 194

NOTE 29

OPERATING LEASE ARRANGEMENTS

220

NOTE 16

The BIC Group as lessee 29-1 The BIC Group as lessor 29-2 CONSOLIDATED SUBSIDIARIES

220 220 221

NOTE 17

PROVISIONS

195

NOTE 30

NOTE 31

AUDITORS' FEES

224

173

BIC GROUP - 2017 REGISTRATION DOCUMENT