BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

Dec. 31, 2016

Breakdown by category of instruments

At fair value through the income statement

Loans and receivables (including cash)

At fair value through equity

Balance sheet value

Derivative hedging instruments

Held- to-maturity investments

Available -for-sale assets

Debt at amortized cost

Balance sheet items (in thousand euros)

Fair value

Note

Financial assets

758,063 758,063 116,534

1,735

1,428

638,337

28

-

-

Non-current Derivatives financial • instruments Other investments • Current Trade and other • receivables Derivative financial • instruments Other current financial • assets

24-4

33 28

33 28

- -

33

- -

- -

-

- -

- -

-

28

14 483,099 483,099

-

-

-

483,099

-

-

-

24-4 1,702 1,702

-

1,702

-

-

-

-

-

29,439 29,439

28,011

-

1,428

-

-

-

-

Cash and cash • equivalents Financial liabilities

243,762 243,762 189,531 189,531

88,523

-

- -

155,239

- -

-

- -

-

19,825

-

169,706

Non-current Borrowings •

16 1,452 1,452

- -

-

- -

- -

- -

1,452

- -

Derivative instruments • 24-4 4,234 4,234

4,234

-

Current Borrowings •

16 49,578 49,578

- -

-

- -

- -

- -

49,578

- -

Derivative instruments • 24-4 15,591 15,591

15,591

-

Trade and other • payables

14 118,676 118,676

-

-

-

-

-

118,676

-

Fair value valuation method The tables below set out the fair value method for valuing financial instruments, using the following three levels: level 1 (quoted prices in active markets): money market UCITS ● and other current financial assets; level 2 (observable inputs): derivatives - hedge accounting; ● level 3 (non-observable inputs): no such instruments are held as ● of December 31, 2017.

The valuation methods adopted for financial instruments are as follows: financial instruments other than derivatives recorded in the ● balance sheet: The carrying amounts used are reasonable estimates of their market value except for marketable securities whose carrying amounts used are determined based on the last known net asset

values as of December 31, 2017; derivative financial instruments: ●

Market values were calculated internally on the basis of last-known closing prices as of December 31, 2017. They are consistent with valuation reports provided by financial institutions.

Dec. 31, 2017

Category of instruments (in thousand euros)

Total

Level 1

Level 2

Level 3

At fair value through the income statement – Assets

73,314 23,658

73,314

-

- - -

Derivative hedges – Assets

- -

23,658

Derivative hedges – Liabilities

2,324

2,324

207

BIC GROUP - 2017 REGISTRATION DOCUMENT