BIC_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Parent company financial statements of SOCIÉTÉ BIC (French GAAP)

3. CASH FLOW STATEMENT

Notes

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

Operating activities Net income

118,635

748,125

Merger gain

-

(492,377) (115,712)

Dividends received

14

(19,397) (15,151)

Depreciation, amortization and provisions on non-current assets

11,055

(Gain)/Loss on the disposal of fixed assets Gross cash flow from operating activities (Increase)/Decrease in net current working capital NET CASH FLOW FROM OPERATING ACTIVITIES

(11)

(36)

84,076

151,055

(24,001) 60,075

12,296

163,351

Investing activities

,

Dividends received from subsidiaries

14

19,397

115,712

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

11

36

Purchases of property, plant and equipment

3 3

(3,915) (6,275) (78,819)

(813)

Acquisition of intangible assets

(4,437)

(Increase)/Decrease in treasury shares

(93,679)

(Increase)/Decrease in other investing expenses

3

(168)

190

Acquisitions of subsidiaries

23-2

(3,008)

74,813 91,822

NET CASH FLOW FROM INVESTING ACTIVITIES

(72,777)

Financing activities

,

Dividends paid

9.2

(277,042)

(161,045)

Loans/(Repayments)

(3)

(3)

Movement in current accounts

53,233

(56,008)

NET CASH FLOW FROM FINANCING ACTIVITIES

(223,812) (236,514)

(217,056)

Net increase/(decrease) in cash and cash equivalents

38,117

Opening cash and cash equivalents

240,879

4,365

CLOSING CASH AND CASH EQUIVALENTS

4,365

42,482

233

BIC GROUP - 2017 REGISTRATION DOCUMENT