L'Oréal - 2018 Registration Document

4 2018 Consolidated Financial Statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Changes in provisions for liabilities and charges during the period 12.1.2.

Reversals (used) (2)

Reversals (not used) (2)

31.12.2018

31.12.2016 31.12.2017

Charges (2)

Other (1)

€ millions

Provisions for restructuring Provisions for product returns Other provisions for liabilities and charges

47.5

146.0 303.6

48.7

-83.7

-7.5

-1.4

102.1 316.8

323.4

294.7

-248.3

-39.3

6.0

773.1

874.5

384.0 727.4

-144.1 -476.1

-214.6 -261.4

-2.9 1.8

897.0

TOTAL

1,144.0

1,324.1

1,315.9

Mainly resulting from translation differences. (1) These figures can be analysed as follows: (2)

Charges

Reversals (used)

Reversals (not used)

€ millions

Operating profit* s

580.5

-356.1 -106.7

-191.8

Other income and expenses s

50.7

-7.6

Net financial income * s

-

-

-14.8 -47.3

Income tax s

96.2

-13.3

Including dispute on IPI, with an increase of €46.9 million and a reversal without cost of €114.3 million under operating * and €14.8 million under financial (see note 12.2.1.).

The change in this caption in 2017 can be analysed as follows:

Reversals (used) (2)

Reversals (not used) (2)

31.12.2015 31.12.2016

Charges (2)

Other (1)

31.12.2017

€ millions

Provisions for restructuring Provisions for product returns Other provisions for liabilities and charges

50.9

47.5

156.6 331.1

-41.8

-10.1 -54.9

-6.0

146.0 303.6

309.3

323.4

-276.7

-19.4

590.2 950.4

773.1

257.0 744.7

-129.3 -447.8

-68.6

42.3 16.9

874.5

TOTAL

1,144.0

-133.7

1,324.1

Mainly resulting from translation differences and €67.1 million relating to the dispute on IPI with the tax administration in Brazil (note 12.2.1.). (1) These figures can be analysed as follows: (2)

Charges

Reversals (used)

Reversals (not used)

€ millions

Operating profit s

494.1 156.9

-388.4

-89.4 -10.1

Other income and expenses s

-44.0

Net financial income s

-

-

-

Income tax s

93.7

-15.4

-34.2

The change in this caption in 2016 can be analysed as follows:

Reversals (used) (2)

Reversals (not used) (2)

31.12.2014 31.12.2015

Charges (2)

Other (1)

31.12.2016

€ millions

Provisions for restructuring Provisions for product returns

65.5

50.9

48.5

-40.4

-6.1

-5.4

47.5

244.4 605.7 915.6

309.3 590.2 950.4

303.1 219.7 571.3

-216.8 -115.2 -372.4

-79.3 -51.8

7.2

323.4 773.1

Other provisions for liabilities and charges

130.1 131.9

TOTAL 1,144.0 Mainly resulting from translation differences, scope of consolidation changes and €58.4 million relating to the dispute on IPI with the tax administration in Brazil (1) (note 12.2.1.). These figures can be analysed as follows: (2) -137.2

Charges

Reversals (used)

Reversals (not used)

€ millions

Operating profit s

480.2

-322.2

-107.1

Other income and expenses s

50.6

-40.5

-7.8

Net financial income s

-

-

-

Income tax s

40.5

-9.7

-22.3

REGISTRATION DOCUMENT / L'ORÉAL 2018

292