BIC_REGISTRATION_DOCUMENT_2017

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

PROVISIONS NOTE 10

Allocations during the year

Reversals during the year (used)

Reversal during the year (unused) Dec. 31, 2017

Dec. 31, 2016

Merger

(in thousand euros)

Risk - Subsidiaries

4,140 1,104

1,938

806

(300)

(5,344)

1,240 4,105

Risk - Tax audit

-

4,105

(1,104) (2,339) (3,628)

- - -

Foreign exchange losses

493

1,846

174

174

Share grant plan

28,548

- -

1,718

26,638

Other provisions for contingencies

1,031

203

(28)

(90)

1,116

PROVISIONS FOR CONTINGENCIES AND LOSSES

35,316

3,784

7,006

(7,399)

(5,434)

33,273

Allocations during the year

Reversals during the year

Dec. 31, 2016

Merger

Dec. 31, 2017

(in thousand euros)

Property, plant and equipment

2,738

-

-

(141)

2,597

Investments

25,007

29,250

3,925

(8,623)

49,559

Work-in-process goods

532

- - - -

-

(145)

387

Goods

1,402 7,852

1,629 4,981

(1,402) (3,663) (15,126) (29,100)

1,629 9,170 7,079

Trade receivables

Provisions for other receivables

22,184 59,715

21

PROVISIONS FOR DEPRECIATION AND AMORTIZATION

29,250

10,556

70,421

NOTES TO THE INCOME STATEMENT

NET SALES BREAKDOWN NOTE 11

The net sales of SOCIÉTÉ BIC break down as follows:

Dec. 31, 2016

Dec. 31, 2017

(in thousand euros)

France

Export

Total

France

Export

Total

Stationery

118,933 20,057 20,641

229,815 200,757 69,553 11,299 511,424

348,748 220,814 90,194 15,972 675,728

138,454 24,623 24,781

233,615 228,945 67,336 15,762 545,658

372,069 253,568 92,117 20,727 738,481

Lighters Shavers

Other

4,673

4,965

TOTAL

164,304

192,823

239

BIC GROUP - 2017 REGISTRATION DOCUMENT

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