2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of 24-4 December 31, 2021

The following amounts have been booked as the fair value of derivatives as of December 31, 2021 (in thousand euros) :

Net financial Income/ (expense) before tax – Note 5

Income from operations – Note 3

Other comprehensive income before tax (a)

Hedge qualification/ hedged risk

Non- current assets

Non- current Liabilities

Current assets (b)

Current Liabilities

Derivative instruments and revaluation

Hedging revaluation impact

Cash flow hedge/foreign exchange risk Net investment/ foreign exchange risk

Commercial flows

(268)

(6,855)

(23,002)

1,298 62 (10,304)

(14)

Dividends

-

-

(3,540)

-

-

(2,876)

-

Subtotal (1)

(268)

(6,855)

(26,542)

1,298 62 (13,180)

(14)

At fair value through P&L/foreign exchange risk

Revaluation of cross-currency swaps backed by cash positions in foreign currencies

-

-

-

-

-

-

-

Subtotal (2)

(16)

-

-

396

-

(319)

-

TOTAL 1+2 (14) This corresponds to the market value of hedging instruments in the portfolio at December 31, 2021 restated for the reversal of the market value of the portfolio of hedging instruments (a) as of December 31, 2020. Including options not yet exercised held by BIC representing current assets for 267 thousand euros. (b) (285) (6,855) (26,542) 1,694 62 (13,499)

Impact of interest rate and foreign exchange risk hedging on the consolidated financial statements as of 24-5 December 31, 2020

The following amounts have been booked as the fair value of derivatives as of December 31, 2020 (in thousand euros) :

Net financial Income/ (expense) before tax – Note 5

Income from operations – Note 3

Other comprehensive income before tax (a)

Hedge income qualification/ hedged risk

Non- current assets

Non- current Liabilities

Current assets (b)

Current Liabilities

Derivative instruments and revaluation

Hedging revaluation impact

Cash flow hedge/foreign exchange risk Net investment/ foreignexchange risk

Commercial flows

(398)

5,148

21,470 25,236 976 (3,214)

(53)

Dividends

-

-

1,914

664

-

-

-

Subtotal (1)

(398)

5,148

23,384 25,900 976 (3,214)

(53)

At fair value through P&L/foreign exchange risk

Revaluation of cross-currency swaps backed by cash positions in foreign currencies

-

-

-

-

-

-

-

Subtotal (2)

166

-

-

173

-

(80)

-

TOTAL 1+2 (53) This corresponds to the market value of hedging instruments in the portfolio at December 31, 2020, restated for the reversal of the market value of the portfolio of hedging instruments a) as of December 31, 2019. Including options not yet exercised held by BIC representing current assets for 528 thousand euros. (b) (232) 5,148 23,384 26,073 976 (3,294)

253

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •