L'Oréal - 2018 Registration Document

2018 Consolidated Financial Statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Transactions with related parties NOTE 14

Transactions with associated companies (Related parties) 14.1. Equity-accounted companies include joint ventures only.

The consolidated financial statements include transactions carried out between the Group and its equity-accounted companies, considered to be related parties. The main transactions with these related parties and the associated outstanding balances are as follows:

2018

2017

2016

€ millions

Sales of goods and services Financial expenses and income

0.1

0.1

0.1

-

-

-

The following receivables and payables were recorded on the balance sheet for the related parties:

31.12.2018

31.12.2017

31.12.2016

€ millions

4

Operating receivables Operating payables Financial receivables

0.1 0.1 0.1

0.1 0.1

0.1 0.1

-1.5

-1.5

Related parties with a significant influence on the Group 14.2. L’Oréal has been informed that on 16 December 2016, the members of the Bettencourt Meyers family group, and Mr. Jean-Paul Agon for 100 shares, signed lock-up agreements under the Dutreil law for 185,704,189 L’Oréal shares representing 33.065% of the capital and of the voting rights of the Company on the date of the agreement. The lock-up agreements were concluded in application of Articles 787 B and 885 I bis of the French General Tax Code for a period of two years, tacitly renewable for one-year periods. They do not include any preferential rights for sales or acquisitions for the benefit of the signatories and do not constitute a concerted action vis-à-vis the Company. In 2018, no significant transactions were carried out with a member of senior management or a shareholder with a significant influence, except for the operation above.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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