2021 UNIVERSAL REGISTRATION DOCUMENT

6.3. Changes in shareholders’ equity

6. Parent company financial statements

6.3. Changes in shareholders’ equity

6.3.CHANGES IN SHAREHOLDERS’ EQUITY

The share capital comprises 557,672,360 shares with a par value of €0.2 each following transactions carried out in 2021:

  • subscription of 52,397 shares following the exercise of options, the issue of 5,327 shares for the employee shareholding plan and the grant of 743,056 free shares and cancellation of 3,000,000 shares.

Changes in shareholders’ equity are as follows:

€ millions Share capital Additional paid-in capital

1976

revaluation

reserve

Reserves and retained earnings Net profit Regulated provisions Total
Balance at 31 December 2018 before appropriation of net profit Balance at 31 December 2018 before appropriation of net profit Share capital 112.1 Balance at 31 December 2018 before appropriation of net profit Additional paid-in capital3,070.3 Balance at 31 December 2018 before appropriation of net profit

1976

revaluation

reserve

42.5
Balance at 31 December 2018 before appropriation of net profit Reserves and retained earnings7,427.7 Balance at 31 December 2018 before appropriation of net profit Net profit 3,594.9 Balance at 31 December 2018 before appropriation of net profit Regulated provisions 64.4 Balance at 31 December 2018 before appropriation of net profit

Total

14,311.9
Capital increase

Capital increase

Share capital

0.3

Capital increase

Additional paid-in capital

59.9

Capital increase

1976

revaluation

reserve

 

Capital increase

Reserves and retained earnings

 

Capital increase

Net profit

 

Capital increase

Regulated provisions

 

Capital increase

Total

60.2

Cancellation of shares

Cancellation of shares

Share capital

-0.8

Cancellation of shares

Additional paid-in capital

 

Cancellation of shares

1976

revaluation

reserve

 

Cancellation of shares

Reserves and retained earnings

-801.2

Cancellation of shares

Net profit

 

Cancellation of shares

Regulated provisions

 

Cancellation of shares

Total

-802.0

Appropriation of 2018 net profit

Appropriation of 2018 net profit

Share capital

 

Appropriation of 2018 net profit

Additional paid-in capital

 

Appropriation of 2018 net profit

1976

revaluation

reserve

 

Appropriation of 2018 net profit

Reserves and retained earnings

1,418.2

Appropriation of 2018 net profit

Net profit

-1,418.2

Appropriation of 2018 net profit

Regulated provisions

 

Appropriation of 2018 net profit

Total

0.0

Dividends paid for 2018

Dividends paid for 2018

Share capital

 

Dividends paid for 2018

Additional paid-in capital

 

Dividends paid for 2018

1976

revaluation

reserve

 

Dividends paid for 2018

Reserves and retained earnings

 

Dividends paid for 2018

Net profit

-2,176.7

Dividends paid for 2018

Regulated provisions

 

Dividends paid for 2018

Total

-2,176.7

2019 net profit

2019 net profit

Share capital

 

2019 net profit

Additional paid-in capital

 

2019 net profit

1976

revaluation

reserve

 

2019 net profit

Reserves and retained earnings

 

2019 net profit

Net profit

4,105.8

2019 net profit

Regulated provisions

 

2019 net profit

Total

4,105.8

Other movements during the period

Other movements during the period

Share capital

 

Other movements during the period

Additional paid-in capital

 

Other movements during the period

1976

revaluation

reserve

 

Other movements during the period

Reserves and retained earnings

-0.1

Other movements during the period

Net profit

 

Other movements during the period

Regulated provisions

-14.6

Other movements during the period

Total

-14.7

Balance at 31 December 2019 before appropriation of net profit Balance at 31 December 2019 before appropriation of net profitShare capital111.6 Balance at 31 December 2019 before appropriation of net profitAdditional paid-in capital3,130.2 Balance at 31 December 2019 before appropriation of net profit

1976

revaluation

reserve

42.5
Balance at 31 December 2019 before appropriation of net profitReserves and retained earnings8,044.6 Balance at 31 December 2019 before appropriation of net profitNet profit4,105.8 Balance at 31 December 2019 before appropriation of net profitRegulated provisions49.8 Balance at 31 December 2019 before appropriation of net profit

Total

15,484.5
Capital increase

Capital increase

Share capital

0.4

Capital increase

Additional paid-in capital

129.6

Capital increase

1976

revaluation

reserve

 

Capital increase

Reserves and retained earnings

 

Capital increase

Net profit

 

Capital increase

Regulated provisions

 

Capital increase

Total

130.0

Cancellation of shares

Cancellation of shares

Share capital

 

Cancellation of shares

Additional paid-in capital

 

Cancellation of shares

1976

revaluation

reserve

 

Cancellation of shares

Reserves and retained earnings

 

Cancellation of shares

Net profit

 

Cancellation of shares

Regulated provisions

 

Cancellation of shares

Total

 

Appropriation of 2019 net profit

Appropriation of 2019 net profit

Share capital

 

Appropriation of 2019 net profit

Additional paid-in capital

 

Appropriation of 2019 net profit

1976

revaluation

reserve

 

Appropriation of 2019 net profit

Reserves and retained earnings

1,933.2

Appropriation of 2019 net profit

Net profit

-1,933.2

Appropriation of 2019 net profit

Regulated provisions

 

Appropriation of 2019 net profit

Total

0.0

Dividends paid for 2019

Dividends paid for 2019

Share capital

 

Dividends paid for 2019

Additional paid-in capital

 

Dividends paid for 2019

1976

revaluation

reserve

 

Dividends paid for 2019

Reserves and retained earnings

 

Dividends paid for 2019

Net profit

-2,172.6

Dividends paid for 2019

Regulated provisions

 

Dividends paid for 2019

Total

-2,172.6

2020 net profit

2020 net profit

Share capital

 

2020 net profit

Additional paid-in capital

 

2020 net profit

1976

revaluation

reserve

 

2020 net profit

Reserves and retained earnings

 

2020 net profit

Net profit

4,158.8

2020 net profit

Regulated provisions

 

2020 net profit

Total

4,158.8

Other movements during the period

Other movements during the period

Share capital

 

Other movements during the period

Additional paid-in capital

 

Other movements during the period

1976

revaluation

reserve

 

Other movements during the period

Reserves and retained earnings

-0.2

Other movements during the period

Net profit

 

Other movements during the period

Regulated provisions

-13.6

Other movements during the period

Total

-13.8

Balance at 31 December 2020 before appropriation of net profit Balance at 31 December 2020 before appropriation of net profitShare capital112.0 Balance at 31 December 2020 before appropriation of net profitAdditional paid-in capital3,259.8 Balance at 31 December 2020 before appropriation of net profit

1976

revaluation

reserve

42.5
Balance at 31 December 2020 before appropriation of net profitReserves and retained earnings9,977.6 Balance at 31 December 2020 before appropriation of net profitNet profit4,158.8 Balance at 31 December 2020 before appropriation of net profitRegulated provisions36.2 Balance at 31 December 2020 before appropriation of net profit

Total

17,586.8
Capital increase

Capital increase

Share capital

0.1

Capital increase

Additional paid-in capital

5.8

Capital increase

1976

revaluation

reserve

 

Capital increase

Reserves and retained earnings

 

Capital increase

Net profit

 

Capital increase

Regulated provisions

 

Capital increase

Total

5.9

Cancellation of shares

Cancellation of shares

Share capital

-0.6

Cancellation of shares

Additional paid-in capital

 

Cancellation of shares

1976

revaluation

reserve

 

Cancellation of shares

Reserves and retained earnings

-1,101.3

Cancellation of shares

Net profit

 

Cancellation of shares

Regulated provisions

 

Cancellation of shares

Total

-1,101.9

Appropriation of 2020 net profit

Appropriation of 2020 net profit

Share capital

 

Appropriation of 2020 net profit

Additional paid-in capital

 

Appropriation of 2020 net profit

1976

revaluation

reserve

 

Appropriation of 2020 net profit

Reserves and retained earnings

1,894.4

Appropriation of 2020 net profit

Net profit

-1,894.4

Appropriation of 2020 net profit

Regulated provisions

 

Appropriation of 2020 net profit

Total

0.0

Dividends paid for 2020

Dividends paid for 2020

Share capital

 

Dividends paid for 2020

Additional paid-in capital

 

Dividends paid for 2020

1976

revaluation

reserve

 

Dividends paid for 2020

Reserves and retained earnings

 

Dividends paid for 2020

Net profit

-2,264.4

Dividends paid for 2020

Regulated provisions

 

Dividends paid for 2020

Total

-2,264.4

2021 net profit

2021 net profit

Share capital

 

2021 net profit

Additional paid-in capital

 

2021 net profit

1976

revaluation

reserve

 

2021 net profit

Reserves and retained earnings

 

2021 net profit

Net profit

3,860.5

2021 net profit

Regulated provisions

 

2021 net profit

Total

3,860.5

Other movements during the period

Other movements during the period

Share capital

 

Other movements during the period

Additional paid-in capital

 

Other movements during the period

1976

revaluation

reserve

 

Other movements during the period

Reserves and retained earnings

-0.1

Other movements during the period

Net profit

 

Other movements during the period

Regulated provisions

-6.3

Other movements during the period

Total

-6.4

BALANCE AT 31 DECEMBER 2021 BEFORE APPROPRIATION OF NET PROFIT

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Share capital

111.5

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Additional paid-in capital

3,265.6

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

1976

revaluation

reserve

42.5

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Reserves and retained earnings

10,770.6

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Net profit

3,860.5

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Regulated provisions

29.9

BALANCE AT

31 DECEMBER 2021

BEFORE APPROPRIATION OF NET PROFIT

Total

18,080.6

The amount added to reserves for unpaid dividends on some treasury shares held by L’Oréal as well as movements between 1 January and the dividend payment date, on maturing free share plans, stock option exercises and the final number of shares carrying preferential dividend rights, stood at

  • - €2.7 million in 2021, compared with -€6.2 million in 2020 and
  • - €0.7 million in 2019.

Regulated provisions mainly consisted of accelerated tax-driven depreciation, which amounted to €29.9 million at31 December 2021, compared with €36.2 million at 31 December 2020 and €49.8 million at 31 December 2019.

Details of option plans and free share plans are provided in note 17.