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