2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Land & buildings – Right of use

Machinery & equipment – Right of use

Land & buildings

Machinery & equipment

Construction in progress

Vehicles – Right of use Other leases

Other

Total

(in thousand euros)

At January 1, 2020

260,634 1,010,340

654

18,494

20,129

2,523

7,139

933 1,320,846

Amortization for the period

18,166

72,171

-

1,562

9,480

1,956

3,907

473 107,715

Impairment loss

-

1,953

26,875

-

21

-

2

-

28,851

Disposals/Write-offs

(5,676)

(12,051)

(169)

(2,048)

(4,201)

(601)

(1,430)

-

(26,176)

Constructions in progress put in use

2,529

(2,477)

(51)

-

-

(44)

-

43

-

Exchange differences

(10,194)

(42,739)

(1,322)

(844)

(1,506)

(157)

(651)

-

(57,413)

At January 1, 2021

265,459 1,027,197

25,987

17,164

23,923

3,677

8,967

1,449 1,373,823

Depreciation for the period

15,409

72,478

-

1,460

9,995

1,447

2,718

118 103,625

Impairment loss

-

149

-

54

-

-

-

-

203

Disposals/Write-offs

(25,756)

(82,097)

-

(2,303)

(3,320)

(916)

(3,653)

(59)

(118,104)

Business disposal

(1,016)

(1,522)

-

-

-

(3)

-

-

(2,541)

Constructions in progress put in use

(7,879)

8,026

-

(61)

-

-

1,116

(1,114)

88

Exchange differences

4,169

15,330

1,649

379

1,246

124

(76)

1

22,822

At December 31, 2021 250,386 1,039,561

27,636

16,693

31,844

4,329

9,072

395 1,379,916

NET VALUE At December 31, 2021 178,019 267,883 106,212

5,398

23,949

2,166

4,919

254 588,799

At December 31, 2020 191,987 278,673

99,506

7,032

28,554

2,703

5,690

(772)

613,374

As of December 31, 2021, the gross value of fully depreciated but still used property, plant and equipment is 821.5 million euros.

NOTE 10

GOODWILL

Accounting policies Goodwill arising from the acquisition of a subsidiary represents the excess of the acquisition price over the Group’s interest in the ● net fair value of the identifiable assets, liabilities and contingent liabilities of the subsidiary recognized at the date of acquisition. Goodwill is calculated in the currency of the acquired company. It is initially recognized as an asset at cost and is subsequently measured at cost less any accumulated impairment losses. Goodwill and fair value adjustment arising on the acquisition of a foreign entity are treated as assets and liabilities of the foreign ● entity and translated at the closing rate. For the purpose of impairment testing, goodwill is allocated to cash-generating units (“CGU”) representing the lowest level at which ● the goodwill is monitored at Group level. Cash-generating units to which goodwill has been allocated are tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is first allocated to the reduction in the carrying amount of any goodwill allocated to the cash-generating unit and then to the other assets of the unit prorated on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of an activity, the attributable amount of goodwill is included in the determination of the gain or loss on disposal. ●

223

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •