L'Oréal - 2018 Registration Document

4 2018 Consolidated Financial Statements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Other comprehensive income 11.3. The following tables indicate movements in this item:

31.12.2018

31.12.2017

31.12.2016

€ millions

Securities at fair value through other comprehensive income Reserve at beginning of period

4,461.2

- - - -

- - - -

Changes in fair value over period

450.5

Changes in fair value recorded in profit and loss

-

Reserve at end of period

4,911.7

31.12.2018

31.12.2017

31.12.2016

€ 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

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

31.12.2018

31.12.2017

31.12.2016

€ millions

Cash flow hedges – foreign exchange Reserve at beginning of period Change in accounting policy (1) Changes in fair value over period

101.0

10.7 -0.4

148.8 -14.0 -118.7

1.0

54.2

162.5 -74.2

Changes in fair value recorded in profit and loss

-114.5

-5.2 -0.1

Deconsolidation

-

2.4

Reserve at end of period

41.7

101.0

10.7

IFRS 9 Financial Instruments (note 1). (1)

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:

31.12.2018

31.12.2017 31.12.2016

€ 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

+277.8 -258.7

+250.0 -217.4

+224.5 -214.4

-16.1 +27.7

+10.0

+24.5 -14.2

+3.6

31.12.2018

31.12.2017 31.12.2016

€ 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

31.12.2018

31.12.2017

31.12.2016

€ millions

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

-671.8

-946.2 279.9

-944.2

Actuarial gains/(losses) over the period

-58.5

-1.3

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

-

-

-

-0.2

-5.6

-0.7

-730.5

-671.8

-946.2

31.12.2018

31.12.2017 31.12.2016

€ millions

Other comprehensive income Gross reserve

4,222.9

3,890.6

4,122.6

Associated tax effect Reserve net of tax

19.2

4.4

104.9

4,242.1

3,895.0

4,227.3

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