L'Oréal - 2018 Registration Document
Parent company financial statements NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS
Maturity of payables NOTE 20
Less than 1 year
More than 1 year
Total
€ millions
Trade accounts payable
718.4 615.6 383.7
-
718.4 743.9 383.7 161.6 198.5
Other current liabilities, of which Tax and employee-related payables Payables related to non-current assets (1)
128.3
-
33.9
127.8
Other payables
198.0
0.5
Non-current payables relate to earn-out clauses on acquisitions. (1)
Accrual accounts included in trade accounts payable and other current liabilities are as follows:
31.12.2018
31.12.2017 31.12.2016
€ millions
Trade accounts payable
419.3 157.4 330.8
388.8
279.2
Payables related to non-current assets Tax and employee-related payables, of which
61.0
65.2
291.5
251.6
Provision for employee Profit Sharing
22.9 94.9 85.1
22.6 89.3 46.5
20.3 80.1 28.4
Provision for incentives
Other payables
TOTAL
992.6
787.8
624.4
5
Unrealised exchange gains and losses NOTE 21
The revaluation of foreign currency receivables and payables at the exchange rates prevailing at 31 December, taking account of hedging instruments, led to the recognition of the following unrealised exchange gains and losses:
Unrealised exchange losses
Unrealised exchange gains
31.12.2018
31.12.2018
31.12.2017 31.12.2016
31.12.2017 31.12.2016
€ millions
Financial receivables
-
8.2 0.2
9.2 1.8
-
0.1 0.1
0.1 3.1
Trade accounts receivable Borrowings and debt Trade accounts payable Derivative financial instruments
0.2
0.1
- -
-
-
-
-
-
0.6
1.7 5.7
0.1
0.4
0.5 6.5
54.8 55.0
37.4 46.4
17.2 17.4
21.5 22.1
TOTAL
18.4
10.2
The overall foreign exchange position, calculated on a currency-per-currency basis, at 31 December 2018 is an unrealised loss of €44.9 million. This loss is recognised. At 31 December 2017, the overall foreign exchange position was an unrealised loss of €31.4 million compared with an unrealised loss of €8.2 million at 31 December 2016.
REGISTRATION DOCUMENT / L'ORÉAL 2018
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