2021 Universal Registration Document

FINANCIAL STATEMENTS

Consolidated financial statements

26-2

Sureties, deposits and guarantees received

Due

December 31, 2021

December 31, 2020

< 1 year

1 to 5 years

> 5 years

(in thousand euros)

Guarantees for credit lines

1,760

8,220

5,224

15,204

17,315

Trade guarantees

-

63

-

63

63

Operating lease guarantees

-

-

320

320

320

Sureties and deposits

150

20,608

333

21,090

20,947

Other guarantees and commitments

28

7,906

36

7,969

7,939

TOTAL

1,938

36,797

5,913

44,647

46,584

As of December 31, 2020, the guarantees for credit lines mainly related to the Group’s subsidiaries in Kenya, India, Turkey and South Korea for 15.2 million euros.

As of December 31, 2021, the guarantees for credit lines mainly related to the Group’s subsidiaries in Kenya, India and Turkey and South Korea for 14.9 million euros.

26-3

Lease arrangements

December 31, 2021

December 31, 2020

(in thousand euros)

Rentals under operating leases recognized as an expense in the year (do not fall within the scope of IFRS 16)

595

535

At the balance sheet date, the BIC Group has outstanding commitments under leases exempted from IFRS 16, which fall due as follows:

December 31, 2021

December 31, 2020

(in thousand euros)

Within one year

1,380

796

In the second to fifth years inclusive

1,106

1,264

Beyond five years

145

40

TOTAL

2,631

2,100

NOTE 27

CONTINGENT LIABILITIES

obligations that are not recognized because: ● settlement, involving an outflow representing economic • benefits, is not probable, or their amount cannot be measured reliably. •

As of December 31, 2021, neither SOCIÉTÉ BIC nor its subsidiaries were aware of any contingent liabilities. Contingent liabilities are defined by IAS 37 as follows: possible obligations whose existence will be confirmed by ● uncertain future events that are not wholly within the control of the entity;

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •