2021 Universal Registration Document

FINANCIAL STATEMENTS

Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

NOTE 15

NON-RECURRING INCOME AND EXPENSES

The non-recurring income and expenses break down mainly as follows:

December 31, 2021

December 31, 2020

(in thousand euros)

Capital gains/(losses) on asset disposals

(121)

(872)

Capital gains/(losses) on long-term investment disposals

-

(16,749)

Provision for contingencies (net of reversal)

(16,430)

(4,248)

Tax adjustments

(468)

77

Debt waivers

-

(3,634)

Other

(699)

(1,929)

NON-RECURRING INCOME AND EXPENSES

(17,719)

(23,549)

NOTE 16

INCOME TAX BREAKDOWN

Net income before tax Income Tax expense

Net income after tax

(in thousand euros)

Current net income

308,308

35,941

272,367

Non-recurring income and expenses

(23,549)

131

(23,680)

TOTAL

284,759

36,071

248,687

NOTE 17

TAX GROUPING

As parent company, SOCIÉTÉ BIC recognizes in its financial statements the gain or loss related to the effects of the tax consolidation. In this respect, the loss recorded by SOCIÉTÉ BIC in 2021 amounts to 1,195,005 euros.

SOCIÉTÉ BIC is the parent company of the tax Group comprising the following companies as of December 31, 2021: BIMA 83, BIC Écriture 2000, BIC Services, BIC Conté, BIC Rasoirs, Société du Briquet Jetable 75, BIC Graphic France, BIC Assemblage, BIC Technologies, BIC International Development anciennement Compagnie de Moulages, DAPE 74 Distribution, Électro-Centre, BIC Éducation, Djeep et Sibjet Technologies.

NOTE 18

MAIN INCREASES/DECREASES IN THE DEFERRED TAX BASIS

December 31, 2021

(in thousand euros)

C3S

1,046

Provision for contingencies

1,630

Provision on trade receivables

9,537

Foreign exchange losses

355

Provision on free shares

27,662

Other

(3,248)

TOTAL

36,981

DECREASE IN DEFERRED TAX LIABILITIES

(10,506)

277

• BIC GROUP - 2021 UNIVERSAL REGISTRATION DOCUMENT •