LOREAL_Registration_Document_2017

5 2017 Parent Company Financial Statements * NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

Non-current assets held under finance leases NOTE 13

Non currecnt assets under finance leases at 31.12.2017

Balance sheet including assets under finance leases

Cost on initial recognition (1)

Depreciation (2)

€ millions

Net book value

Gross value Depreciation

Net book value

Balance sheet captions Land and buildings TOTAL AT 31.12.2017 Total at 31.12.2016 Total at 31.12.2015

Period Accumulated

9.2 9.2 9.2 9.2

-0.5 -0.5 -0.4 -0.5

-3.8 -3.8 -3.3 -2.9

5.4 713.3 5.4 713.3 5.9 706.3 6.3 712.6

-390.5 322.8 -390.5 322.8 -387.2 319.1 -392.1 320.5

Value of the assets on the date the leases were signed. (1) Depreciation charge for the year and accumulated depreciation that would have been recognised for these assets had they been purchased outright – Depreciation method (2) on a straight-line basis over 20 years.

Finance lease commitments

Residual purchase price under the lease

Lease payments made

Lease payments outstanding at year-end

€ millions

Less than 1 year

1 to 5 years

More than 5 years

Total payable

Balance sheet captions Land and buildings TOTAL AT 31.12.2017 Total at 31.12.2016 Total at 31.12.2015

Period Accumulated

1.1 1.1 1.1 1.1

9.0 9.0 7.9 6.8

1.1 1.1 1.1 1.1

0.5 0.5 1.6 2.7

-

1.6 1.6 2.7 3.8

-

-

-

- -

- -

Financial assets NOTE 14

Acquisitions/ Subscriptions

Disposals/ Reductions

Other movements (4)

31.12.2017

31.12.2015 31.12.2016

€ millions

Investments (1)

10,460.2

10,898.8

180.8 820.2 498.2 438.0

-992.5 -127.2 -498.2 -558.1

595.5 -700.4

10,682.6

Loans and other receivables

100.7

71.4

64.0

L’Oréal shares (2)

0

-

-

-

Other (3)

28.6

174.5

3.9

58.3

Gross value Investments

10,589.5

11,144.7

1,937.2

-2,176.0

-101.0

10,804.9

359.6

572.7

4.0 0.6

-9.7 -0.8

- - -

567.0

Loans and other receivables

0.8 0.1

0.8 0.2

0.6 0.2

Other currencies

-

-

Impairment NET VALUE

360.5

573.7

4.6

-10.5

-

567.8

10,229.0

10,571.0

1,932.6

-2,165.5

-101.0

10,237.1

The bulk of this increase concerns the acquisition of Gemey Maybelline Garnier securities and the sale of The Body Shop. (1) On 9 February 2017, the Board of Directors approved the buyback of L'Oréal shares for a maximum amount of €500 million. The shares were cancelled in accordance with (2) the decision by the Board of Directors on 20 April 2017. Mainly include the cash-collateral agreements granted to the bank of the Group. (3) Most of the other movements stem from the merger with LaScad and from asset reclassification. (4)

The detailing subsidiaries and affiliates is presented at the end of the present notes.

REGISTRATION DOCUMENT / L'ORÉAL 2017

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