2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

18-5

Additional information

Nature of plan assets

December 31, 2021 (in thousand euros)

Including fair value of plan assets with a quoted price on an active market

Fair value of plan assets

Equity

105,635

23.1%

105,635

23.1%

Bonds and other fixed income

320,901

70.1%

320,901

70.1%

Cash and cash equivalents

28,607

6.3%

28,607

6.3%

Real Estate

467

0.1%

467

0.1%

Assets held by insurance companies

1,904

0.4%

1,904

0.4%

Other

-

-

-

-

TOTAL

457,514

100%

457,514

100%

December 31, 2021 (in thousand euros)

Including fair value of plan assets with a quoted price on an active U.S. market

U.S. fair value of plan assets

Equity

63,333

17.0%

63,333

17.0%

Bonds and other fixed income

281,507

75.5%

281,507

75.5%

Cash and cash equivalents

27,984

7.5%

27,984

7.5%

TOTAL

372,824

100%

372,824

100%

December 31, 2020 (in thousand euros)

Including fair value of plan assets with a quoted price on an active market

Fair value of plan assets

Equity

165,079

35.1%

165,079

35.1%

Bonds and other fixed income

274,593

58.3%

274,593

58.3%

Cash and cash equivalents

4,621

1.0%

4,621

1.0%

Real Estate

24,292

5.2%

24,292

5.2%

Assets held by insurance companies

1,861

0.4%

1,861

0.4%

Other

375

0.1%

375

0.1%

TOTAL

470,821

100%

470,821

100.0%

December 31, 2020 (in thousand euros)

Including fair value of plan assets with a quoted price on an active American market

Fair value of American plan assets

Equity

151,108

38.3%

151,108

38.3%

Bonds and other fixed income

238,971

60.6%

238,971

60.6%

Cash and cash equivalents

3,990

1.0%

3,990

1.0%

TOTAL

394,068

100%

394,069

100.0%

Actuarial assumptions for main countries 18-6 Actuarial assumptions used to calculate the benefit obligations vary according to the economic conditions of each respective country. They have been adjusted according to the change in interest rates and the mortality table. Assumptions for plans representing the main obligations are set out below:

United States

United Kingdom

France

December 31, 2021

Discount rate

2.74%

1.90%

0.90%

Inflation rate

2.50%

3.80%

1.50%

Expected rate of salary increases

3.60%

N/A

1.75%

Average plan duration (years)

12.0

16.5

12.7

239

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •