L'Oréal - 2018 Registration Document

5 Parent company financial statements

NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

Non-current assets held under finance leases NOTE 13

Non current assets under finance leases at 31.12.2018

Balance sheet including assets under finance leases

€ millions

Depreciation and amortisation expense (2)

Balance sheet captions

Cost on initial recognition (1)

Period Accumulated

Net book value

Gross value

Depreciation Net book value

Land and buildings

9.2 9.2 9.2 9.2

-0.5 -0.5 -0.5 -0.4

-4.2 -4.2 -3.8 -3.3

5.0 5.0 5.4 5.9

724.8 724.8 713.3 706.3

-406.3 -406.3 -390.5 -387.2

318.5 318.5 322.8 319.1

TOTAL AT 31.12.2018 Total at 31.12.2017 Total at 31.12.2016

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

€ millions

Lease payments made

Lease payments outstanding at year-end

Balance sheet captions

Residual purchase price under the lease

Less than 1 year

More than 5 years

Period Accumulated

1to 5 years

Total payable

Land and buildings

1.1 1.1 1.1 1.1

10.1 10.1

0.5 0.5 1.1 1.1

-

-

0.5 0.5 1.6 2.7

-

TOTAL AT 31.12.2018 Total at 31.12.2017 Total at 31.12.2016

-

-

-

9.0 7.9

0.5 1.6

- -

- -

Financial assets NOTE 14

Allocation of technical merger losses

Acquisitions/ Subscriptions

Disposals/ Reductions

Other movements (4)

31.12.2018

31.12.2016 31.12.2017

€ millions

Investments (1)

10,898.8

10,682.6

23.0

598.2

-2.7

-183.4

11,117.7

Loans and other receivables

71.4

64.0

- - - - - - -

29.5

-13.9

-17.9

61.7

L’Oréal shares (2)

-

-

498.1 276.6

-498.1 -320.9 -835.6

-

-

Other (3)

174.5

58.3

0.1

14.1

Gross value Investments

11,144.7

10,804.9

23.0

1,402.4

-201.2

11,193.5

572.7

567.0

279.7

-22.9

- - -

823.8

Loans and other receivables

0.8 0.2

0.6 0.2

0.7

-0.6

0.7 0.2

Others currencies

-

-

Impairment VALUE NET

573.7

567.8

280.4

-23.5

--

824.7

10,571.0

10,237.1

23.0

1,122.0

-812.1

-201.2

10,368.8

The increase is mainly related to the purchase of shares in Nanda Co Ltd. (1) On 8 February 2018, the Board of Directors approved the buyback of L'Oréal shares for a maximum amount of €500 million. The buyback plan ended at end-May 2018 at (2) 2,497,814 shares. The shares were cancelled in accordance with the decision by the Board of Directors on 17 April 2018. Mainly include the cash-collateral agreements granted to the bank of the Group. The deposit was reimbursed at end-2018 due to the merger of the Group bank at 31 (3)

December 2018 into the Company running the Group's treasury operations. Other movements mainly related to the merger of Gemey Maybelline Garnier. (4)

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

REGISTRATION DOCUMENT / L'ORÉAL 2018

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