L'Oréal - 2018 Registration Document

5 Parent company financial statements COMPARED INCOME STATEMENTS

The individual financial statements set out in this chapter are those of the L’Oréal parent company. They show the financial position of the parent company stricto sensu. Unlike the consolidated financial statements, they do not include the results of the Group’s subsidiaries. The information with regard to the parent company financial statements that was previously included in the Management Report of the Board of Directors is now included in this chapter. The pages concerned are the table showing the main changes and thresholds crossed regarding investments in subsidiaries and the five-year financial summary as well as the amount of expenses and charges

provided for in Article 223 quater of the French Tax Code, and the table showing invoices issued and received,

not paid at the end of the financial year and in arrears, provided for by Articles L. 441-6-1 and D. 441-4 of the French Commercial Code. The Statutory Auditor’s Report on the parent company financial statements completes this information.

COMPARED INCOME STATEMENTS 5.1.

31.12.2018

Notes

31.12.2017 31.12.2016

€ millions

Operating revenue

4,319.4 3,888.4

4,017.5 3,613.5

3,381.2 3,053.1

Sales

2

Reversals of provisions and transfers of charges

76.4

69.2

65.2

Other revenues

3

354.6

334.8

262.9

Operating expenses

-3,930.4 -3,697.5 - 3,212.7

Purchases and change in inventories Other purchases and external charges

-401.0

-358.8

- 206.5

-2,064.0

-1,976.8 - 1,754.0

Taxes and similar payments

-92.0

-105.3 -898.6 -169.6 -188.4 320.0 2,637.2 122.3 -111.9 2,647.6 2,967.6

- 110.0 - 827.0 - 205.6 -109.6

Personnel costs

-979.4 -195.6 -198.4 389.0 3,523.6 -221.9

Depreciation, amortisation and charges to provisions

5

Other charges Operating profit

168.5

Net financial revenue

6 6

3,009.5

Net charges/reversals of provisions and transfers of charges

-96.1

Exchange gains and losses

-24.2

-167.5

Net financial income

3,277.5 3,666.5

2,745.9 2,914.4

Profit before tax and exceptional items

Exceptional items

7

-57.0 -21.5

-62.2 -19.7 166.0

5.8

Employee Profit Sharing

-18.9 113.1

Income tax NET PROFIT

8

6.9

3,594.9

3,051.7

3,014.4

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