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
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