L'Oréal - 2018 Registration Document

Parent company financial statements NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

Marketable securities NOTE 15

This item breaks down as follows:

31.12.2018

31.12.2017 31.12.2016

€ millions

L’Oréal shares

56.5 37.0 93.5

56.5 38.8 95.3

133.6

Financial instruments/Premiums paid on options

35.4

Gross value

169.0 -44.3

L’Oréal shares

- - -

- - -

Financial instruments/Premiums paid on options

-

Impairment

-44.3 124.7

NET BOOK VALUE

93.5

95.3

L’Oréal shares of Treasury stock acquired in connection with employee free share plans had a net value of €89.3 million at 31 December 2016. In 2018, the Group granted 993,765 free shares plus 462,139 shares following the establishment of an employee shareholding plan. Stock purchase options expiring in 2018 represent a total of 771,125 shares, for a gross value (equal to the net value) of €56.5 million. In 2018, the total market value of Treasury stock amounted to €157.5 million based on the average share price in December

and to €155.2 million based on the closing share price on 31 December. In 2017, the total market value of Treasury stock amounted to €144.7 million based on the average share price in December and to €142.6 million based on the closing share price on 31 December. In 2016, the total market value of Treasury stock amounted to €294.2 million based on the average share price in December and to €304.7 million based on the closing share price on 31 December.

5

Maturity of receivables NOTE 16

Less than 1 year

More than 1 year

Gross 61.7

Impairment

Net

€ millions

Loans and other receivables

55.6

6.1

-0.7 -0.1 -1.5 -1.8

61.0

Other financial assets

3.9

- - - - - -

3.9

3.8

Trade accounts receivable Other current assets, of which

542.0 488.0 350.6 137.4

542.0 488.0 350.6 137.4

540.5 486,2 350.6 135.6

Tax and employee-related receivables (1)

-

Other receivables Prepaid expenses

-1.8

59.6 59.6 Including a corporate income tax receivable in the amount of €94.9 million and a fine of €189.5 million paid to the French competition authority on 28 April 2015. (1) 59.6 -

Accrual accounts included in receivables amount are as follow:

31.12.2018

31.12.2017 31.12.2016

€ millions

Trade accounts receivable

2.3

2.1

41.9 23.8 65.7

Other receivables

56.4 58.7

47.8 49.9

TOTAL

REGISTRATION DOCUMENT / L'ORÉAL 2018

319