2021 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

For non-hedged transactions, the global foreign exchange position is only used to calculate the provision for foreign exchange losses. It is calculated currency-by-currency and hedging instruments and hedged items (for the hedged portion) are excluded from this global foreign exchange position. The maturity dates of items included in the position should be in the same fiscal year and only realizable items should be included (receivables, payables, derivative instruments, etc.). Cash and cash equivalents are excluded. For hedged transactions, the currency hedging impact is only recognized in the income statement when receivables (or payables) are settled.

( Code de commerce ). Treasury shares are valued at purchase cost. An impairment provision is booked when the probable trading value (based on the average stock market price during the last month of the fiscal year or the exercise price of the options for which they were purchased) at year-end is less than the purchase cost. h) Provisions for contingencies and charges are liabilities for which maturity or amounts cannot be precisely measured. They are caculated using the best estimate of funds required to settle the liability. Provisions for contingencies and charges

i)

Borrowings

g)

Financial investments

Borrowings in foreign currency are translated at the closing exchange rate.

Financial investments comprise investments in marketable securities, and SOCIÉTÉ BIC shares bought back pursuant to Article L. 225-209 of the French Commercial Code

NOTES TO THE BALANCE SHEET

NOTE 3

NON-CURRENT ASSETS

Gross value as of December 31, 2021

Gross value as of December 31, 2020

Merger

Acquisitions

Disposals

(in thousand euros)

Research and development expenses

1,745

-

-

-

1,745

Other intangible assets

80,125

-

6,535

(285)

86,376

TOTAL INTANGIBLE ASSETS

81,870

-

6,535

(285)

88,121

Land

1,345

-

6

-

1,351

Buildings

11,498

-

-

-

11,498

Industrial fixtures and equipment

14,313

-

1,288

(18)

15,583

Other property, plant and equipment

6,928

-

54

(741)

6,241

Property, plant and equipment under construction

1,737

-

-

(71)

1,666

TOTAL PROPERTY, PLANT AND EQUIPMENT

35,820

-

1,348

(830)

36,339

Equity Investments (a)

1,380,177

-

162,343

(16,749)

1,525,771

Treasury Shares (b)

39,722

-

74,084

(87,787)

26,019

Loans and other long-term investments

562

-

500

(650)

412

TOTAL LONG-TERM INVESTMENTS

1,420,461

-

236,928 (105,186)

1,552,202

Equity Investments are detailed in Note 22. (a) These refer to 226,290 shares for the free share plans and 36,616 shares related to the liquidity contract. (b)

272

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •