L'Oréal - 2018 Registration Document

Parent company financial statements OTHER INFORMATION RELATING TO THE FINANCIAL STATEMENTS OF L’ORÉAL PARENT COMPANY

INVOICES ISSUED AND RECEIVED NOT PAID AT THE END OF THE FINANCIAL YEAR 5.6.2. AND IN ARREARS In accordance with the French law on the Modernisation of the Economy of 4 August 2008 and Articles L. 441-6-1 and D. 441-4 of the French Commercial Code, invoices issued and received not paid at 31 December 2018 and in arrears break down as follows:

APPENDIX 4-1 TO ARTICLE A. 441-2

Invoices received and issued not paid at the end of the financial year and in arrears (table foreseen in I of Article D. 441-4)

Article D441 I-1: invoices received not paid at the end of the financial year and in arrears

Article D441 I-2: invoices issued not paid at the end of the financial year and in arrears

91 days and more

Total (1 day and more) (1)

Total (1 day and more)

0 days (indicative)

1 - 30 days

31 - 60 days

61 - 90 days

0 days (indicative)

1 - 30 days

31 - 60 days

61 - 90 days

91 days and more

In Euros

(A) Late payment tranches

Number of invoices concerned

34

1,024 6,327

26,467

Total amount of invoices concerned, including taxes 240,543 14,910,390 400,439 - 4,029,730 410,835 11,691,934 4,837,457 16,323,570 9,478,900 4,789,719 27,354,230 57,946,419 Percent of total amount of

purchases for the financial year, including taxes Percent of sales for the financial year, including taxes

5

0.01 % 0.46 % 0.01 % - 0.13 % 0.01 % 0.36 %

0.11 % 0.36 % 0.21 % 0.10 % 0.60 % 1.26 %

(B) Invoices excluded from (A) because of disputed or unrecognised payables and receivables Number of excluded invoices 2,582

0

Total amount of excluded invoices

12,757,249 0 (C) Benchmark payment terms used (contractual or statutory term, Article L.441 or L.443 of the French Commercial Code) Benchmark payment terms used to calculate late payments Statutory payment terms: 45 days from end of month

Statutory payment terms: 45 days from end of month

Including invoices due to L’Oréal Group companies (intra-group): (1) - 8,923,939 euros in invoices received, i.e. 76% of the total amount - 39,431,357 euros in invoices issued, i.e. 68% of the total amount. Intra-group payments had to be temporarily suspended at the end of the year due to the merger of L’Oréal’s internal bank with the company running the Group’s treasury operations.

REGISTRATION DOCUMENT / L'ORÉAL 2018

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