2021 UNIVERSAL REGISTRATION DOCUMENT

NOTE 15. Marketable securities

This item breaks down as follows:

€ millions	31.12.2021	31.12.2020	31.12.2019
L’Oréal shares	L’Oréal shares 31.12.2021 -	L’Oréal shares 31.12.2020 -	L’Oréal shares 31.12.2019 -
Financial instruments/Premiums paid on options	Financial instruments/Premiums paid on options 31.12.2021 33.4	Financial instruments/Premiums paid on options 31.12.2020 63.9	Financial instruments/Premiums paid on options 31.12.2019 22.6
Gross value	Gross value 31.12.2021 33.4	Gross value31.12.202063.9	Gross value31.12.201922.6
L’Oréal shares	L’Oréal shares 31.12.2021 -	L’Oréal shares 31.12.2020 -	L’Oréal shares 31.12.2019 -
Financial instruments/Premiums paid on options	Financial instruments/Premiums paid on options 31.12.2021 -	Financial instruments/Premiums paid on options 31.12.2020 -	Financial instruments/Premiums paid on options 31.12.2019 -
Impairment	Impairment 31.12.2021 -	Impairment31.12.2020 -	Impairment31.12.2019 -
NET VALUE	NET VALUE 31.12.2021 33.4	NET VALUE31.12.202063.9	NET VALUE31.12.201922.6

Since 31 December 2019, there are no longer any unclaimed treasury shares.

NOTE 16. Maturity of receivables

€ millions	1 year or less	More than 1 year	Gross	Impairment	Net
Loans and other receivables	Loans and other receivables1 year or less30.5	Loans and other receivablesMore than 1 year3.1	Loans and other receivablesGross33.6	Loans and other receivablesImpairment-0.4	Loans and other receivablesNet33.2
Other financial assets	Other financial assets1 year or less5.2	Other financial assetsMore than 1 year-	Other financial assetsGross5.2	Other financial assetsImpairment-	Other financial assetsNet5.2
Trade accounts receivable	Trade accounts receivable1 year or less773.5	Trade accounts receivableMore than 1 year-	Trade accounts receivableGross773.5	Trade accounts receivableImpairment-3.3	Trade accounts receivableNet770.2
Other current assets, of which	Other current assets, of which1 year or less516.8	Other current assets, of whichMore than 1 year-	Other current assets, of whichGross516.8	Other current assets, of whichImpairment-1.8	Other current assets, of whichNet515.0
Tax and employee-related receivables⁽¹⁾	Tax and employee-related receivables ⁽¹⁾1 year or less 442.3	Tax and employee-related receivables ⁽¹⁾More than 1 year -	Tax and employee-related receivables ⁽¹⁾Gross 442.3	Tax and employee-related receivables ⁽¹⁾Impairment -	Tax and employee-related receivables ⁽¹⁾Net 442.3
Other receivables	Other receivables 1 year or less 74.5	Other receivables More than 1 year -	Other receivables Gross 74.5	Other receivables Impairment -1.8	Other receivables Net 72.7
Prepaid expenses	Prepaid expenses1 year or less84.4	Prepaid expensesMore than 1 year -	Prepaid expensesGross84.4	Prepaid expensesImpairment -	Prepaid expensesNet84.4

(1) Including a corporate income tax receivable in the amount of €100.9 million and a fine of €189.5 million paid to the French competition authority on 28 April 2015.

Accrual accounts included in receivables amounts are as follows:

€ millions	31.12.2021	31.12.2020	31.12.2019
Trade accounts receivable	Trade accounts receivable 31.12.2021 2.0	Trade accounts receivable31.12.20201.2	Trade accounts receivable31.12.20191.5
Other receivables	Other receivables 31.12.2021 23.1	Other receivables31.12.202019.1	Other receivables31.12.201914.1
TOTAL	TOTAL 31.12.2021 25.1	TOTAL31.12.202020.3	TOTAL31.12.2019 15.6

NOTE 17. Stock purchase or subscription options – Free shares

17.1. Share subscription or purchase options

As at 31 December 2021, there were no more stock options plans in force.

17.2. Free shares

The table below summarises data relating to the free share plan.

Grant date
Stock subscription plans	Stock purchase plans	Vesting date	Number of shares granted	Number of shares issued/allotted	Number of shares not finally vested
22.04.2015		23.04.2019	860,150	706,937	-
20.04.2016		21.04.2020	906,100	835,725	-
20.04.2017		21.04.2021	906,000	742,276	-
17.04.2018		18.04.2022	931,000	350	885,625
18.04.2019		19.04.2023	843,075	200	823,900
14.10.2020		15.10.2024	713,660	200	712,515
07.10.2021		08.10.2025	588,750	-	588,750

For the conditional grant of shares, the plan provides for a four-year vesting period after which vesting is effective and final, subject to meeting the conditions of the plan. After this vesting period, a two-year mandatory holding period applies for French residents, for plans prior to 1 January 2016, during which the shares cannot be sold.