BIC_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS Parent company financial statements of SOCIÉTÉ BIC (French GAAP)
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.
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 Provisions for contingencies and charges are liabilities for which maturity or amounts cannot be precisely measured. They are calculated using the best estimate of funds required to settle the liability. i) Borrowings in foreign currency are translated at the closing exchange rate. Borrowings
g)
Financial investments
Financial investments comprise investments in marketable securities, and SOCIÉTÉ BIC shares bought back pursuant to Article L. 225-209 of the French Commercial Code ( Code de commerce ). Treasury shares are valued at purchase cost. An impairment
NOTES TO THE BALANCE SHEET
NOTE 3
NON-CURRENT ASSETS
Gross value as of Dec. 31, 2016
Gross value as of Dec. 31, 2017
Merger
Acquisitions
Disposals
(in thousand euros)
Research and development expenses
3,823
- - - - - - - -
-
(2,078) (2,813) (4,891)
1,745
Other intangible assets
59,087 62,910
7,250 7,250
63,524 65,269
TOTAL INTANGIBLE ASSETS
Land
1,345
-
- - - -
1,345
Buildings
16,296 11,306
111
16,407 12,724
Industrial fixtures and equipment
1,418
Other property, plant and equipment
6,214 2,075
186 945
6,400
Property, plant and equipment under construction TOTAL PROPERTY, PLANT AND EQUIPMENT
(2,436)
584
37,236
2,660
(2,436)
37,460
Equity Investments (a)
887,191
478,441
14,775
(94,335)
1,286,072
Treasury Shares (b)
72,139
- - -
153,578
(159,089)
66,628
Loans and other long-term investments TOTAL LONG-TERM INVESTMENTS
415
67
(258)
224
959,745
168,420
(253,682)
1,352,924
Equity Investments are detailed in Note 23. (a) These refers to 770.207 shares for the free share plans and 11.288 shares related to the liquidity contract. (b)
236
BIC GROUP - 2017 REGISTRATION DOCUMENT
Made with FlippingBook - professional solution for displaying marketing and sales documents online