2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

NOTE 16

BORROWINGS AND FINANCIAL LIABILITIES

Current borrowings and financial liabilities

Non-current borrowings and financial liabilities

Bank overdrafts

Short-term borrowings

Current lease liability

Non-current lease liability

Total

(in thousand euros)

At January 1, 2020

51,710

-

1,157

2,897

12,660

29,434

97,856

Cash Flows

(50,423)

75,000

(120)

2,357 (16,173)

(2,692)

7,949

“Non cash” changes

(275)

-

137

(544)

16,305

(3,463)

12,159

Changes in lease liabilities •

- -

- - - -

-

- - -

17,613

(1,081)

16,532

Djeep Acquisition •

139

- -

- -

139

Rocketbook Acquisition •

62

62

Exchange difference •

(338) 1,011

(1)

(544) 4,710

(1,308) 12,792

(2,382)

(4,574)

At January 1, 2021

75,000

1,174

23,275 117,961

Cash Flows

(525)

(16,000)

4,008

-

(15,817)

(832)

(29,167)

“Non-cash” changes

15

-

(817)

186

15,448

(3,557)

11,275

Variations in obligations under leases •

- -

- - -

- -

- -

15,069

(4,350)

10,719

PIMACO disposal •

(6)

(3)

(9)

Exchange difference •

15

(817) 4,364

186

385

796

565

At December 31, 2021

501

59,000

4,896

12,422

18,886 100,069

Bank overdrafts are due within one year. Bank loans and financial liabilities come due as following:

December 31, 2021

December 31, 2020

(in thousand euros)

On demand or within one year

76,174

63,263

In the 2 nd year

-

-

In the 3 rd year

-

4,896

In the 4 th year

4,710

-

In the 5 th year

-

-

After five years

-

-

TOTAL

80,884

68,159

Main bank loans/credit lines and financial liabilities are as follows:

Borrowing country

Euro equivalents

December 31, 2021

Currency

December 31, 2020

(in thousand euros)

France •

EUR

75,000

59,000

Turkey •

TRY

1,042

1,696

Kenya •

KES

4,710

4,896

• India

INR

-

2,567

Other •

132

-

TOTAL

80,884

68,159

231

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •