2021 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

3. CASH FLOWSTATEMENT

December 31, 2021

Notes

December 31, 2020

(in thousand euros)

Operating activities Net income

14,141

248,688

Dividends received

14

(69,546)

(195,068)

Depreciation, amortization and provisions on non-current assets

83,214

17,202

(Gain)/Loss on the disposal of fixed assets

121

638

Gross cash flow from operating activities

27,931

71,460

(Increase)/Decrease in net current working capital

55,965

(100,863)

NET CASH FLOWFROMOPERATING ACTIVITIES

83,895

(29,403)

Investing activities Dividends received from subsidiaries

14

69,546

195,068

Proceeds from disposals of property, plant and equipment and intangible assets

919

234

Purchases of property, plant and equipment

3

(1,145)

(1,348)

Acquisition of intangible assets

3

(3,112)

(6,535)

(Increase)/Decrease in treasury shares

2,466

(25,561)

(Increase)/Decrease in other investing expenses

3

(200)

184

Acquisitions of subsidiaries

22

(55,678)

(164,528)

NET CASH FLOWFROM INVESTING ACTIVITIES

12,795

(2,485)

Financing activities Dividends paid

9-2

(110,214)

(80,919)

Loans/(Repayments)

75,000

(16,000)

Movement in current accounts

60,746

276,550

NET CASH FLOWFROM FINANCING ACTIVITIES

25,532

179,632

Net increase/(decrease) in cash and cash equivalents

122,222

147,743

Opening cash and cash equivalents

(35,444)

86,778

CLOSING CASH AND CASH EQUIVALENTS

86,778

234,521

269

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •