2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

NOTE 25

RELATED PARTIES

all companies in which a member of the Board of Directors or ● of the Executive Committee has a significant voting right.

Pursuant to IAS 24, BIC Group considers the following to be related parties: all consolidated subsidiaries (see Note 28); ● all members of the Board of Directors (see Corporate ● Governance – section 4.1.1.4. “Mandates and duties of the Corporate Officers and Directors as of December 31, 2021”) as well as their close relatives;

25-1

Consolidated subsidiaries

Transactions between the parent company and its subsidiaries as well as transactions between subsidiaries are eliminated through the consolidation process.

25-2

Members of the Board of Directors and of the Executive Committee

Transactions concluded in 2021 with members of the Board of Directors and of the Executive Committee are as follows:

Expenses

(in thousand euros)

Short-term employee benefits

8,075

Post-employment benefits

41

Other long-term benefits

117

Termination benefits

-

Share-based payments

4,174

TOTAL TRANSACTIONS

12,407

Directors’ remuneration are not included in the above table and are disclosed under Corporate Governance – section 4.2.2.1. Remuneration of Non-Executive Corporate Officers and Directors.

Companies in which a member of the Board of Directors or of the Executive Committee has a significant 25-3 voting right

As of December 31, 2021, no such related parties were identified.

NOTE 26

OFF-BALANCE SHEET ITEMS

The following schedule summarizes the sureties, deposits and guarantees for the Group. All significant items are disclosed in this table. No other pledge of assets or registered shares is to be reported.

26-1

Sureties, deposits and guarantees issued

Due

December 31, 2021

December 31, 2020

< 1 year

1 to 5 years

> 5 years

(in thousand euros)

Other guarantees and commitments

350

350

-

700

-

TOTAL

350

350

-

700

-

255

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •