BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

OFF-BALANCE SHEET ITEMS NOTE 26

The following schedule summarizes the off-balance sheet sureties, deposits and guarantees for the Group. All significant items are disclosed in this table. No pledge of assets or registered shares is reported.

Sureties, deposits and guarantees issued 26-1 None.

Sureties, deposits and guarantees received 26-2

Due

(in thousand euros)

< 1 year

1 to 5 years

> 5 years

Dec 31, 2017

Dec 31, 2016

Guarantees for credit lines

2,120 

2,145 

-   -

4,265

4,197

Trade guarantees

95 

-  - 

95

95

Operating lease guarantees

747 

320  290 

1,067

959 569 217

Sureties and deposits

- 

396 

686

Other guarantees and commitments

500 

1,000 3,541

36 

1,536 7,648

TOTAL

3,462

645

6,038

As of December 31, 2017, the guarantees for credit lines mainly related to the Group’s subsidiaries in Turkey, South Korea and Singapore for 4.3 million euros.

As of December 31, 2016, the guarantees for credit lines mainly related to the Group’s subsidiaries in Turkey, South Korea and Singapore for 3.9 million euros.

OBLIGATIONS UNDER FINANCE LEASES NOTE 27

Finance-leases represent a non-significant portion of the Group’s property, plant and equipment (1%). The fair value of the Group’s finance lease obligations approximates to their carrying amount.

The Group’s obligations under finance leases are secured by the lessor’s charge over the leased assets.

CONTINGENT LIABILITIES NOTE 28

As of December 31, 2017, neither SOCIÉTÉ BIC nor its subsidiaries had any pending litigation, claims or disputes which, in the opinion of management, after consultation with their advisors, would have a material adverse impact on the consolidated financial statements.

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BIC GROUP - 2017 REGISTRATION DOCUMENT