2021 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

NOTES TO THE INCOME STATEMENT

NOTE 11

NET SALES BREAKDOWN

The net sales of SOCIÉTÉ BIC break down as follows:

December 31, 2021

December 31, 2020

(in thousand euros)

France

Export

Total

France

Export

Total

Stationery

127,233

214,704

341,937

133,529

233,435

366,964

Lighters

19,224

182,759

201,984

20,305

231,396

251,702

Shavers

17,045

55,111

72,156

15,941

52,002

67,943

Other

4,418

7,538

11,956

2,850

10,931

13,781

TOTAL

167,920

460,113

628,033

172,625

527,764

700,389

NOTE 12

OTHER INCOME

Other income mainly comprises royalties (55,574 thousand euros) and management fees (33,262 thousand euros) invoiced to affiliates, as well as the foreign exchange gain on receivables and payables (2,903 thousand euros).

NOTE 13

MANAGEMENT COMPENSATION

December 31, 2021

December 31, 2020

(in thousand euros)

Administrative bodies

419

418

Management bodies

300

325

SOCIÉTÉ BIC has no salaried employees as of December 31, 2021.

NOTE 14

FINANCIAL INCOME

Financial income amounts to 205,532 thousand euros and is detailed as follows:

December 31, 2021

December 31, 2020

(in thousand euros)

Dividends received

69,546

195,068

Reversals/(provisions)

(68,560)

5,452

Foreign exchange gains and losses

(740)

3,814

Other

496

1,198

FINANCIAL INCOME

743

205,532

Dividends are mainly coming from BIC Corporation, amounting to 157,669 thousand euros.

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• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •