2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Trademarks & patents

Research & development

Intangible assets in progress

Software

Other

Total

(in thousand euros)

GROSS VALUE At January 1, 2020

72,311

95,235

4,287

6,715

11,657

190,205

Acquisitions

54

147

-

5,863

301

6,365

Acquisition of subsidiaries – Djeep

-

553

-

-

11,453

12,006

Acquisition of subsidiaries – Rocketbook

-

17,070

-

-

676

17,746

Disposals/Write-offs

-

(1,490)

-

(1,640)

28

(3,102)

Constructions in progress put in use

782

-

-

(771)

(11)

-

Exchange differences

(4,062)

(5,669)

(210)

399

(625)

(10,167)

At January 1, 2021

69,086

105,847

4,077

10,566

23,478

213,054

Acquisitions

404

66

-

8,216

5

8,691

Disposals/Write-offs

(1,655)

-

-

(2)

34

(1,623)

Business disposal

(465)

(2,607)

-

-

-

(3,072)

Constructions in progress put in use

7,110

-

-

(6,778)

(332)

0

Exchange differences

1,606

5,819

190

56

735

8,406

At December 31, 2021

76,086

109,125

4,267

12,058

23,920

225,456

Trademarks & patents

Research & development

Intangible assets in progress

Software

Other

Total

(in thousand euros)

AMORTIZATION AND IMPAIRMENT LOSS At January 1, 2020

61,573

67,974

4,287

353

2,040

136,227

Amortization for the period

4,980

492

-

4

1,852

7,329

Impairment loss

9

15,203

-

-

-

15,212

Disposals/Write-offs

(1,601)

(1,490)

-

-

-

(3,091)

Other transfers

302

-

-

(302)

-

-

Exchange differences

(3,454)

(4,577)

(210)

(55)

(323)

(8,619)

At January 1, 2021

61,809

77,602

4,077

-

3,569

147,057

Amortization for the period

5,096

761

-

-

2,205

8,062

Impairment loss

-

-

-

-

-

-

Disposals/Write-offs

(1,523)

(14)

-

-

-

(1,537)

Business disposal

(442)

(20)

-

-

-

(462)

Other transfers

-

-

-

-

-

-

Exchange differences

1,545

4,471

190

-

98

6,304

At December 31, 2021

66,485

82,800

4,267

-

5,872

159,424

NET VALUE At December 31, 2021

9,601

26,325

-

12,058

18,048

66,032

At December 31, 2020

7,277

28,245

-

10,566

19,909

65,997

Software Internally-generated software is principally related to investments linked to the upgrade of information technology systems.

as of December 31, 2020). These assets were allocated to the cash-generating units constituted by the subsidiary Rocketbook. The main trademarks booked in the balance sheet as of December 31, 2021 are the Rocketbook® trademark for 13.1 million euros and the Cello® trademark for 9.7 million euros. These trademarks have an infinite lifetime. For impairment test purposes, they are linked to the Rocketbook and Cello Pens subsidiaries’ cash-generating units. With regard to the latter, an impairment amounting to 14.9 million euros was recognized as of June 30, 2020, and in the amount of 21 million euros in 2019.

Trademarks and patents

Following the acquisition of Rocketbook 2020, purchase price allocation work were performed and enabled the identification of intangible assets amounting to 20.5 million U.S. dollars (17.4 million euros at December 31, 2020), mainly trademark for an amount of 14.8 million U.S. dollars (12.1 million euros at December 31, 2020) and the patent amounting 5.7 million U.S. dollars (4.6 million euros

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •