L'Oréal - 2018 Registration Document

2018 Consolidated Financial Statements TO THE CONSOLIDATED FINANCIAL STATEMENTS

The retirement expense charged to the income statement is recorded within personnel expenses for the operating part and within financial costs for the financial part and can be analysed as follows:

2018 168.0 96.6 -88.7

2017 170.2 105.0 -88.6

2016 (1) 173.4 128.5 -108.2

€ millions

Service cost Interest cost

Expected return on plan assets New plans/plan amendments

2.2

2.2

2.8

Curtailments Settlements

-24.4

-20.8

-20.5

-0.2

1.3

-

TOTAL

153.6

169.2

176.0

Including The Body Shop. (1)

Contributions to defined contribution plans recognised as an expense for 2018, 2017 and 2016 amounted to €468.2 million, €463.1 million and €463.1 million (€435.6 million excluding The Body Shop) respectively. A change of 1% point in medical cost inflation would have the following impact:

Increase of 1% Decrease of 1%

€ millions

4

Impact on projected benefit obligation

10.2

-8.5 -0.3

Impact on current service cost and interest costs

0.4

Actuarial gains and losses for the periods presented are as follows:

€ millions 2018

Present value of defined benefit obligation

Net provisions

Plan assets

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

124.2 -35.3 -261.0 -172.1

230.5

354.7 -35.3 -261.0

- -

TOTAL

230.5

58.5

€ millions 2017

Present value of defined benefit obligation

Plan assets

Net provisions

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

-31.7 -15.1

-242.1

-273.8

- -

-15.1

9.0

9.0

TOTAL

-37.9

-242.1

-280.0

€ millions 2016

Present value of defined benefit obligation

Plan assets

Net provisions

Actuarial gains and losses: experience adjustments Actuarial gains and losses: demographic assumptions Actuarial gains and losses: financial assumptions

-55.5

-125.2

-180.7

-9.1

- -

-9.1

191.1 126.5

191.1

TOTAL

-125.2

1.3

REGISTRATION DOCUMENT / L'ORÉAL 2018

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