L'Oréal - 2018 Registration Document

Parent company financial statements NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

Depreciation, amortisation and charges to provisions

NOTE 5

Depreciation, amortisation and charges to provisions can be broken down as follows:

31.12.2018

31.12.2017 31.12.2016

€ millions

Depreciation and amortisation Impairment of non-current assets (1)

-111.8

-103.5

- 103.2

-13.3

-6.7 -4.5

- 43.0

Impairment of current assets

-5.7

- 2.7

Provisions for liabilities and charges

-64.8

-54.9

- 56.7 -205.6

TOTAL

-195.6

-169.6

In 2016, this item relates to the write-down of the business goodwill of Clarisonic (1)

Net financial income

NOTE 6

Net financial income amounts includes the following items:

31.12.2018

31.12.2017 31.12.2016

€ millions

Dividends received

3,533.2

2,691.2

3,139.1

5

Revenues on other receivables and marketable securities Interest expense on borrowings and financial debt

0.5

1.4

0.4

-5.9 -4.2

- 4.5 -50.9

- 2.2

Other (1)

-127.8

TOTAL 3,009.5 Including mainly the net carrying amount of free shares vested under the 2012 and 2013 plans which matured in 2016 and 2017, respectively. This should be looked at in (1) conjunction with the reversal of the impairment loss on treasury shares. 3,523.6 2,637.2

Additions to provisions net of reversals and expense transfers chiefly concern:

31.12.2018

31.12.2017 31.12.2016

€ millions

Impairment of financial investments (1) Impairment of other financial assets

-256.8

5.6 0.2

-245.0

- -

-

Impairment of Treasury stock

79.0 37.5

100.5 51.7 -3.3 -96.1

Provisions for liabilities and charges relating to financial items

34.9

Other movements

-

-

TOTAL

-221.9

122.3

In 2018, this is mainly related to the impairment of shares in Atelier Cologne and L’Oréal Argentina (1) In 2016, this item concerns the write-down of shares in Magic for €218.8 million.

Exceptional items

NOTE 7

Exceptional items represented -€57.0 million in 2018, compared to -€62.2 million in 2017 and €5.8 million in 2016.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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