L'Oréal - 2018 Registration Document

5 Parent company financial statements

NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS

Derivative financial instruments

NOTE 22

Derivative financial instruments can be broken down as follows:

Notional

Market value

31.12.2018 31.12.2017 31.12.2016

31.12.2018 31.12.2017 31.12.2016

€ millions

Purchase of EUR against foreign currencies EUR/CNY

464.3 258.0

319.1 198.1

256.7 218.2

-12.6

-0.9 -3.1 2.1 0.2 2.2 0.4 0.1 0.8 1.0 0.7 -0.5 -1.8

- 2.1 -44.1

EUR/RUB EUR/USD EUR/KRW EUR/BRL EUR/TRY EUR/THB EUR/GBP EUR/TWD EUR/IDR EUR/INR EUR/ZAR EUR/CAD EUR/AUD EUR/CLP EUR/MYR

5.8

98.9 65.5 56.3 47.5 45.8 44.9 41.5 33.3 28.7 26.6 21.6 17.5

43.5 63.9 58.5 41.4 42.4 37.9 29.9 17.4 22.1 23.7 17.1 10.4 16.7 72.8 31.6 20.7 14.9 58.4 50.6 16.3 21.0 18.5 15.4 17.6 8.6 7.5 0.0

43.8 61.4 56.2 35.8 49.9 35.2 31.6 13.0 27.6 25.2 18.6 10.9 14.6 83.6 9.1

-4.1 -2.5 -4.3 -7.7 -1.9 -0.6 -3.1 -2.1 -0.6 0.1

-3.8

0.0

-14.8

0.5

-1.9

2.9

- 2.1 - 3.0 -1.7 - 3.5 - 0.8 - 0.5 - 1.0

0.4 0.2 0.3

0.5 0.5

9.5 4.0

-0.3 -0.4

-0.3 -1.7

0.4

EUR/Other currencies

74.2

0.8

-2.2

Sale of EUR against foreign currencies EUR/PLN

30.9 22.2 14.8

0.0

0.0 0.6 0.3 0.0

0.8

0.0

EUR/JPY EUR/SGD EUR/HKD

24.5 11.2

-1.8 -0.1 -0.6

-0.5

0.0 0.0

8.0

0.0

Purchase of USD against foreign currencies USD/CNY

54.3 40.6 29.0 16.8 16.5 14.8 12.2 10.6

0.0

-1.0 -0.2 -0.8 -0.4

0.0

0.0 0.7

USD/THB USD/BRL USD/INR USD/KRW USD/TWD USD/PEN USD/PHP USD/RUB USD/MYR

57.7 70.3 17.4 30.8 20.2 20.1 18.0 12.1 21.8

-2.8 -0.1 -0.5 -1.1 -0.4 -0.5 -0.5 -0.5 -1.5 -1.1

-9.8 -0.7

0.0 0.2 0.2

1.7 0.2

- 0.5

-0.3

0.7

6.9 5.3

6.3

0.5

-1.6

20.3 14.6

-0.2 -0.8

1.7

USD/Other currencies

17.8

6.4

-0.4

Sale of USD against foreign currencies USD/IDR

22.1

0.0

3.2

0.8 0.0

0.0 1.4

0.1

USD/CNY

0.0

46.1

57.3

-3.9

Purchase of CNY against foreign currencies CNY/IDR

27.3 17.1 14.6 18.3 29.0 10.4 29.1

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

-1.5 -0.2 -0.6 -0.4

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

CNY/THB CNY/INR

CNY/Other currencies Other currencies pairs JPY/CNY

21.5 14.9 29.6

20.1 13.7 27.5

0.1 0.5

-1.7

-0.5 -2.9 -1.2

PLN/RUB

0.3

Others

-0.5

-1.5 -9.9

Currency futures total

1,806.7

1,449.3

1,423.7

-38.4

- 94.6

REGISTRATION DOCUMENT / L'ORÉAL 2018

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