LOREAL_Registration_Document_2017

4 2017 Consolidated Financial Statements* NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Cash and cash equivalent 8.2.

31.12.2017

31.12.2016

31.12.2015

Carrying amount

Acquisition cost

Carrying amount

Acquisition cost

Carrying amount

Acquisition cost

€ millions

Marketable securities

1,810.4

1,810.8

758.4

758.5

335.3

335.3

Bank accounts and other cash and cash equivalents

1,236.1 3,046.6

1,236.1 3,046.9

987.6

987.6

1,064.5 1,399.8

1,064.5 1,399.8

TOTAL

1,746.0

1,746.1

Marketable securities consist mainly of SICAV money-market funds and unit trusts (on which the return is based on EONIA). Marketable securities are considered as Financial assets available-for-sale.

As in FY 2016 and 2015, no unrealised loss was recorded at 31 December 2017. Term accounts with a maturity of less than 3 months at inception are shown on the Bank accounts and other cash and cash equivalents line.

Non-current financial assets 8.3.

31.12.2017

31.12.2016

31.12.2015

Carrying amount

Acquisition cost

Carrying amount

Acquisition cost

Carrying amount

Acquisition cost

€ millions

Financial assets available-for-sale Sanofi (1) s

8,494.6

4,033.5

9,091.7

4,033.5

9,292.7

4,033.5

Unlisted securities (2)

32.1

127.1

17.5

112.5

4.1

99.0

s

Financial assets at amortised cost Non-current loans and receivables s

239.5

242.4

197.3

200.8

114.1

118.3

TOTAL 4,250.8 L’Oréal’s stake in Sanofi was 9.43% at 31 December 2017. The carrying amounts at 31 December 2017, 31 December 2016 and 31 December 2015 (€8,494.6 million, (1) €9,091.7 million and €9,292.7 million respectively) correspond to the market value of the shares based on the closing price at each of these dates (€71.85, €76.90 and €78.60, respectively). The acquisition cost of €4,033.5 million corresponds to an entry cost of €34.12. As the fair value of unlisted securities cannot be reliably determined, they are recognised at acquisition cost less any impairment losses. Changes in acquisition costs (2) between 2016 and 2015 relate primarily to investments made in several investment funds. 8,766.2 4,403.0 9,306.5 4,346.8 9,410.9

Other financial income and expenses 8.4. This account can be broken down as follows:

2017 -16.3

2016 -20.3

2015 -32.1 -11.2 -43.3

€ millions

Interest component of pension costs Other financial income and expenses

-9.7

-5.5

TOTAL

-26.0

-25.8

REGISTRATION DOCUMENT / L'ORÉAL 2017

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