2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

6. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 18

PENSION AND OTHER EMPLOYEE BENEFITS

233

General

18-1 18-2 18-3 18-4 18-5 18-6 18-7

Plan characteristics

233

Change in the net obligation of defined-benefit

NOTE 1

MAIN RULES AND ACCOUNTING POLICIES

210

plans

236 238 238 239 239 240

1-1 1-2 1-3 1-4

Accounting policies

210 211 211 212

Funded/unfunded obligations

Change in Group structure

Period costs

Significant events Subsequent events

Additional information

Actuarial assumptions for main countries

Information by geography

NOTE 2

OPERATING SEGMENTS

212

NOTE 19

OTHER CURRENT LIABILITIES

241

2-1 2-2

General information

212

Information on the income statement and assets

by activity

213 214

Additional information

2-3

Informations by geography

NOTE 20

COMMENTS ON THE CONSOLIDATED CASH FLOW

NOTE 3

EXCHANGE RATES OF FOREIGN CURRENCIES

215

STATEMENT

241

Income Statement and Statement of Comprehensive Income

NOTE 21

DIVIDENDS

242

NOTE 22

EXPOSURE TOMARKET RISKS

242

NOTE 4

OPERATING EXPENSES

217

22-1 22-2 22-3 22-4 22-5 22-6 22-7

Counterpart risk

242 242 242 243 243 244 246

Foreign exchange risk

NOTE 5

OTHER INCOME AND EXPENSES

217

Interest rate risk

Liquidity risk Credit risk

NOTE 6

FINANCIAL INCOME

218

Fair value of financial assets and liabilities Net income impact by category of instruments

NOTE 7

INCOME TAX

219

NOTE 23

SHARE-BASED PAYMENTS

246

7-1 7-2

Income tax expense

219

Deferred and current tax recognized in other

23-2

Free share allocations with performance

comprehensive income

220

conditions

248

23-3

Free share allocations without performance

NOTE 8

EARNINGS PER SHARE GROUP SHARE

221

conditions

249

NOTE 24

FINANCIAL INSTRUMENTS

250

Balance sheet – Assets

24-1 24-2 24-3 24-4

Derivatives and hedge accounting

252 252 252

Foreign exchange risk

NOTE 9

PROPERTY, PLANT AND EQUIPMENT

221

Interest rate risk

Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of December 31, 2021 Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of December 31, 2020 Portfolio of foreign exchange risk hedges as of

9-1 9-2

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

222

253

and impairment loss

222

24-5

NOTE 10

GOODWILL

223

253

24-6

NOTE 11

OTHER INTANGIBLE ASSETS

225

December 31, 2021

254

24-7

Main balance sheet items declared in foreign

currencies

254

NOTE 12

OTHER NON-CURRENT ASSETS

227

NOTE 25

RELATED PARTIES

255

NOTE 13

DEFERRED TAX

227

25-1 25-2

Consolidated subsidiaries

255

Members of the Board of Directors and of the

NOTE 14

Executive Committee

255

CHANGE IN NETWORKING CAPITAL

228

25-3

Companies in which a member of the Board of Directors or of the Executive Committee has a significant voting right

255

Balance sheet – Equity and liabilities

NOTE 26

OFF-BALANCE SHEET ITEMS

255

NOTE 15

SHARE CAPITAL

229

26-1 26-2 26-3

Sureties, deposits and guarantees issued Sureties, deposits and guarantees received

255 256 256

15-1 15-2

Share capital

229

SOCIÉTÉ BIC shares held in treasury stock and share repurchase program as of December 31, 2021

Lease arrangements

230

NOTE 27

CONTINGENT LIABILITIES

256

NOTE 16

BORROWINGS AND FINANCIAL LIABILITIES

231

NOTE 28

CONSOLIDATED SUBSIDIARIES

257

NOTE 17

PROVISIONS (NON-CURRENT LIABILITIES)

232

NOTE 29

AUDITORS’ FEES

260

209

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •