2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

December 31, 2020

Breakdown by category of instruments

At fair value through the income statement

Derivative hedging instruments

Receivables at amortized cost

Debts at amortized cost

At fair value through equity

Balance sheet items (in thousand euros)

Balance sheet value Fair value

Note

Financial assets

702,460 702,460 128,509 27,057 546,894

-

-

Non-current Derivatives financial instruments •

24

976

976

-

976

-

-

-

Other investments •

34

34

34

-

-

-

-

Current Trade and other receivables •

14 409,625 409,625 10,268

-

399,357

-

-

Derivative financial instruments •

24 26,081 26,081

-

26,081

-

-

-

Other current financial assets •

1

1

1

-

-

-

-

Cash and cash equivalents •

20 265,744 265,744 118,206

-

147,537

-

-

Financial liabilities

231,497 231,497 10,718

3,347

-

217,432

-

Non-current

Borrowings •

16 27,985 27,985

-

-

-

27,985

-

Derivative instruments •

24

53

53

-

53

-

-

-

Djeep earn-out clause •

3,961

3,961

3,961

-

-

-

-

Rocketbook earn-out clause •

5,398

5,398

5,398

-

-

-

-

Current

Borrowings •

16 89,976 89,976

-

-

-

89,976

-

Derivative instruments •

24

3,294

3,294

-

3,294

-

-

-

Rocketbook earn-out clause •

1,358

1,358

1,358

-

-

-

-

Trade and other payables •

14 99,470 99,470

-

-

-

99,470

-

Fair value valuation method The tables below set out the fair value method for valuing financial instruments, using the following three levels: level 1 (quoted prices in active markets): money market UCITS ● and other current financial assets; level 2 (observable inputs): derivatives – hedge accounting; ● level 3 (non-observable inputs): no such instruments are held ● as of December 31, 2021.

The valuation methods adopted for financial instruments are as follows: financial instruments other than derivatives recorded in the ● balance sheet: The book values used are reasonable estimates of their market value except for marketable securities whose carrying values are determined based on the last known net asset values as of December 31, 2021; derivative financial instruments: ● Market values are either those indicated by financial institutions or have been calculated by an external third-party on the basis of the last known closing prices as of December 31, 2021. They are consistent with the valuation reports provided by the financial institutions.

December 31, 2021

Category of instruments (in thousand euros)

Total

Level 1

Level 2

Level 3

At fair value through the income statement – Assets

268,307

268,307

-

-

Derivative hedges – Assets

1,756

-

1,756

-

Derivative hedges – Liabilities

13,513

-

13,513

-

245

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •