These amounted to €257.9 million at 31 December 2021 compared with €257.5 millions at 31 December 2020 and €230.7 million at 31 December 2019, of which:
Confirmed credit lines are discussed in note 9.1.10.
Other significant off-balance sheet commitments have been identified and measured. They chiefly fall due within one year, and areas follows:
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Guarantees given(1) | Guarantees given (1)31.12.2021312.2 |
Guarantees given (1)31.12.2020326.5 |
Guarantees given (1)31.12.2019398.5 |
| Guarantees received | Guarantees received 31.12.202176.8 |
Guarantees received 31.12.202073.6 |
Guarantees received 31.12.201980.3 |
| Capital expenditure orders(2) | Capital expenditure orders (2)31.12.2021504.2 |
Capital expenditure orders (2)31.12.2020255.6 |
Capital expenditure orders (2)31.12.2019329.6 |
| Firm purchase commitments under logistics supply contracts | Firm purchase commitments under logistics supply contracts 31.12.20211,341.5 |
Firm purchase commitments under logistics supply contracts 31.12.2020972.8 |
Firm purchase commitments under logistics supply contracts 31.12.2019871.0 |
(1) These consist mainly of guarantees given to governmental bodies or concerning loans granted to third parties who are partners of the Group, and the net commitment toward the L’Oréal Foundation for its long-term action programme and commitment to pay into the fund dedicated to rebuilding the Notre-Dame Cathedral.
(2) Despite their strategic nature, none of these investments taken individually is material enough at Group level to warrant more detailed disclosure.
Equity-accounted companies include joint ventures only.
The consolidated financial statements include transactions carried out between the Group and its equity-accounted companies, considered to be related parties. The main transactions with these related parties and the associated outstanding balances are as follows:
| € millions | 2021 | 2020 | 2019 |
|---|---|---|---|
| Sales of goods and services | Sales of goods and services 2021- |
Sales of goods and services 2020- |
Sales of goods and services 2019- |
| Financial expenses and income | Financial expenses and income 2021- |
Financial expenses and income 2020- |
Financial expenses and income 2019- |
The following receivables and payables were recorded on the balance sheet for the related parties:
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Operating receivables | Operating receivables 31.12.20210.1 |
Operating receivables 31.12.2020- |
Operating receivables 31.12.2019- |
| Operating payables | Operating payables 31.12.2021- |
Operating payables 31.12.2020- |
Operating payables 31.12.20190.1 |
| Financial receivables | Financial receivables 31.12.20210.1 |
Financial receivables 31.12.20200.1 |
Financial receivables 31.12.20190.1 |
L’Oréal has been informed that on 16 December 2016, the members of the Bettencourt Meyers family group, and Mr. Jean-Paul Agon for 100 shares, signed lock-up agreements under the Dutreil law for 185,704,189 L’Oréal shares representing 33.065% of the capital and of the voting rights of the Company on the date of the agreement.
The lock-up agreements were concluded in application of Articles 787 B and 885 I bis of the French General Tax Code for a period of two years, tacitly renewable for one-year periods.
They do not include any preferential rights for sales or acquisitions for the benefit of the signatories, and do not constitute a concerted action vis-à-vis the Company.
In 2021, no significant transactions were carried out with a member of senior management or a shareholder with a significant influence, except for the operation above and there purchase by L'Oréal from Nestlé of 22,260,000 of its own shares.
