BIC_Registration_Document_2017
FINANCIAL STATEMENTS Consolidated financial statements
OFF-BALANCE SHEET ITEMS NOTE 26
The following schedule summarizes the off-balance sheet sureties, deposits and guarantees for the Group. All significant items are disclosed in this table. No pledge of assets or registered shares is reported.
Sureties, deposits and guarantees issued 26-1 None.
Sureties, deposits and guarantees received 26-2
Due
(in thousand euros)
< 1 year
1 to 5 years
> 5 years
Dec 31, 2017
Dec 31, 2016
Guarantees for credit lines
2,120
2,145
- -
4,265
4,197
Trade guarantees
95
- -
95
95
Operating lease guarantees
747
320 290
1,067
959 569 217
Sureties and deposits
-
396
686
Other guarantees and commitments
500
1,000 3,541
36
1,536 7,648
TOTAL
3,462
645
6,038
As of December 31, 2017, the guarantees for credit lines mainly related to the Group’s subsidiaries in Turkey, South Korea and Singapore for 4.3 million euros.
As of December 31, 2016, the guarantees for credit lines mainly related to the Group’s subsidiaries in Turkey, South Korea and Singapore for 3.9 million euros.
OBLIGATIONS UNDER FINANCE LEASES NOTE 27
Finance-leases represent a non-significant portion of the Group’s property, plant and equipment (1%). The fair value of the Group’s finance lease obligations approximates to their carrying amount.
The Group’s obligations under finance leases are secured by the lessor’s charge over the leased assets.
CONTINGENT LIABILITIES NOTE 28
As of December 31, 2017, neither SOCIÉTÉ BIC nor its subsidiaries had any pending litigation, claims or disputes which, in the opinion of management, after consultation with their advisors, would have a material adverse impact on the consolidated financial statements.
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BIC GROUP - 2017 REGISTRATION DOCUMENT
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