BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

Intangible assets in progress

Trademarks & patents

Research & development

Software

Other

Total

(in thousand euros)

AMORTIZATION AND IMPAIRMENT LOSS At January 1, 2016

70,186

45,871

6,442

103

642 123,244

Amortization for the period

9,791 7,425

778

2

28

104

10,704

Impairment loss

-

- -

- -

-

7,425

Disposals/Write-offs

(574)

(67)

(11)

(652)

Transfers to non-current assets held for sale (see Note 20)

(25,473)

(910)

-

-

(199) (109)

(26,582)

Exchange differences At January 1, 2017

1,982

1,465

85

(6)

3,417

63,337

47,137

6,529

125

428 117,556

Amortization for the period

4,770  

697   (28)  

-  

34  

93  

5,593  

Disposals/Write-offs

(2,405)   (2,929)  

(2,078)  

-  

-  

(4,511)   (8,633)  

Exchange differences

(5,338)  

(321)  

(38)  

(7)  

Reintegration of non-current assets held for sale at December 31, 2016 not sold in 2017

497  

294  

-  

-  

91  

882  

At December 31, 2017 NET VALUE At December 31, 2017 At December 31, 2016

63,271

42,762

4,130

120

606 110,888

10,245 10,539

50,576 54,343

- -

6,494 4,082

6,465 6,483

73,780 75,447

Software Internally-generated software is principally related to investments linked to the upgrade of information technology systems.

acquired in 2006 and the Cello Pens trademark for an amount of 3.6 billion Indian rupees (46.6 million euros at December 31, 2017). These trademarks have an infinite lifetime. For impairment test purposes, they are linked to the PIMACO and Cello Pens subsidiaries’ cash-generating units. Given the indefinite nature of the life of the trademark, no impact was recognized in the income statement.

Trademarks and patents

The main trademarks booked in the balance sheet as of December 31, 2017 are the Pimaco® trademark for 4.3 million euros,

OTHER NON-CURRENT ASSETS NOTE 12

Notes

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

Other investments

28

30

Guarantee deposits

4,779 2,471

4,932 9,813

Deferred pensions

Other non-current assets

22,194 29,472

30,065 44,840

TOTAL

190

BIC GROUP - 2017 REGISTRATION DOCUMENT