2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

9-1

Property, plant and equipment – Gross value

Other fixed assets

Land & buildings – Right of use

Machinery & equipment – Right of use

Other tangible fixed assets – Right of use

Land & buildings

Machinery & equipment

Construction in progress

Vehicles – Right of use

Total

(in thousand euros)

At January 1, 2020

469,125 1,316,567 149,018 26,462

51,806

4,847

15,876

634 2,034,335

Acquisitions

1,074

10,506

51,556

714

12,170

2,475

1,788

58 80,341

Acquisition – Djeep

1,850

1,269

-

39

-

-

-

-

3,158

Acquisition – Rocketbook

-

-

-

10

-

-

-

-

10

Disposals/Write-offs

(6,050)

(15,448)

1,509 (2,542)

(6,692)

(685)

(1,792)

(4)

(31,704)

Constructions in progress put in use

9,479

45,831 (55,751)

682

(241)

-

-

-

-

Exchange differences

(18,032)

(52,854)

(20,838)

(1,169)

(4,566)

(258)

(1,215)

(11)

(98,944)

At January 1, 2021

457,446 1,305,870 125,494 24,196

52,477

6,379

14,657

677 1,987,196

Acquisitions

1,730

13,868

56,122

85

5,153

1,114

4,129

30 82,231

Business disposal

(1,309)

(1,572)

(31)

-

-

(12)

-

-

(2,924)

Disposals/Write-offs

(32,329)

(85,564)

497 (3,118)

(4,210)

(1,177)

(4,701)

(59) (130,661)

Constructions in progress put in use

(5,730)

55,744 (50,922)

908

-

-

-

-

-

Exchange differences

8,596

19,097

2,688

20

2,373

192

(94)

1 32,872

At December 31, 2021 428,404 1,307,443 133,848 22,091

55,793

6,496

13,991

649 1,968,715

9-2

Property, plant and equipment- Depreciation and impairment loss

Accounting policies At each balance sheet date, the Group examines the carrying amount of its property, plant and equipment and intangible assets to determine whether there is any indication that these assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine, if applicable, the amount of the impairment loss. When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessment of the time value of money and the risk specific to the asset. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately as an expense in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Where an impairment loss subsequently reverses or is reduced, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount. However, the increased carrying amount should not exceed the carrying amount that would have been determined if no impairment loss had been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation decrease.

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •