LOREAL_Registration_Document_2017

2017 Consolidated Financial Statements* NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Other comprehensive income 10.3. The following tables indicate movements in this item:

31.12.2017

31.12.2016

31.12.2015

€ millions

Financial assets available-for-sale Reserve at beginning of period Changes in fair value over period

5,058.2 -597.0

5,259.2 -201.0

4,911.6

347.6

Impairment loss recorded in profit and loss Changes in fair value recorded in profit and loss

- -

- -

- -

Reserve at end of period

4,461.2

5,058.2

5,259.2

31.12.2017

31.12.2016

31.12.2015

€ millions

Cash flow hedges – foreign exchange Reserve at beginning of period Changes in fair value over period

24.7

148.8 -118.7

88.8

162.5 -74.2

168.0 -108.0

Changes in fair value recorded in profit and loss

-5.2 -0.1

Deconsolidation

2.4

-

Reserve at end of period

115.4

24.7

148.8

4

The table below shows the impact of an increase or decrease of over 10% in the euro and US dollar against other currencies on the foreign exchange cash flow hedging reserve and the market value of the hedging instruments:

31.12.2017

31.12.2016

31.12.2015

€ millions

Impact of a 10% increase in the EUR against all other Group currencies Impact of a 10% decrease in the EUR against all other Group currencies Impact of a 10% increase in the USD against key Group currencies Impact of a 10% decrease in the USD against key Group currencies

+250.0 -217.4

+224.5 -214.4

+216.2 -200.4

+10.0

+24.5 -14.2

-11.7 +21.9

+3.6

31.12.2017

31.12.2016

31.12.2015

€ millions

Cash flow hedges – interest rates Reserve at beginning of period Changes in fair value over period

- - - -

- - - -

- - - -

Changes in fair value recorded in profit and loss

Reserve at end of period

31.12.2017

31.12.2016

31.12.2015

€ millions

Actuarial gains/(losses) and impact of asset ceiling Reserve at beginning of period

-946.2 279.9

-944.2

-1,542.2

Actuarial gains/(losses) over the period

-1.3

594.7

Impact of asset ceiling Deconsolidation and other Reserve at end of period

-

-

3.4

-5.6

-0.7

-0.1

-671.8

-946.2

-944.2

31.12.2017

31.12.2016

31.12.2015

€ millions

Other comprehensive income Gross reserve

3,904.7

4,136.6

4,463.8

Associated tax effect Reserve net of tax

-

100.9

53.7

3,904.7

4,237.6

4,517.5

REGISTRATION DOCUMENT / L'ORÉAL 2017

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