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2021 UNIVERSAL REGISTRATION DOCUMENT
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TABLE OF CONTENT
- 2
- 1. Presentation of the...1. Presentation of the Group integrated report1. Presentation of the Group integrated report - Page 5
page 5 TO 52
- 1.1. The...61.1. The L’Oréal Group: the fundamentals1.1. The L’Oréal Group: the fundamentals - page6
- 1.2. Business model: Economic and corporate excellence to create...141.2. Business model: Economic and corporate excellence to create lasting value for all1.2. Business model: Economic and corporate excellence to create lasting value for all - page14
- 1.3.2021 Financial Results and...361.3.2021 Financial Results and Corporate Social Responsibility commitments1.3.2021 Financial Results and Corporate Social Responsibility commitments - page36
- 1.4. An organisation...501.4. An organisation serving the Group’s development1.4. An organisation serving the Group’s development - page50
- 1.5. Internal Control...511.5. Internal Control and risk management system1.5. Internal Control and risk management system - page51
- 2.1. Framework for the implementation...542.1. Framework for the implementation of corporate governance principles2.1. Framework for the implementation of corporate governance principles - page54
- 2.2. Composition of...572.2. Composition of the Board of Directors2.2. Composition of the Board of Directors - page57
- 2.3. Organisation and modus operandi of...752.3. Organisation and modus operandi of the Board of Directors2.3. Organisation and modus operandi of the Board of Directors - page75
- 2.4. Remuneration of...962.4. Remuneration of directors and corporate officers2.4. Remuneration of directors and corporate officers - page96
- 2.5. Summary table of the recommendations of the AFEP–MEDEF Code which...1272.5. Summary table of the recommendations of the AFEP–MEDEF Code which have not been applied2.5. Summary table of the recommendations of the AFEP–MEDEF Code which have not been applied - page127
- 2.6. Summary statement of trading by directors and corporate officers in...1282.6. Summary statement of trading by directors and corporate officers in L’Oréal shares in 20212.6. Summary statement of trading by directors and corporate officers in L’Oréal shares in 2021 - page128
- 2.7. Statutory auditors’ special...1282.7. Statutory auditors’ special report on regulated agreements2.7. Statutory auditors’ special report on regulated agreements - page128
- 3. Risk factors...3. Risk factors and control environment3. Risk factors and control environment - Page 133
page 133 TO 168
- 3.1. Definition and...1343.1. Definition and objectives of Internal Control3.1. Definition and objectives of Internal Control - page134
- 3.2. Components of the Internal Control...1353.2. Components of the Internal Control and Risk Management system3.2. Components of the Internal Control and Risk Management system - page135
- 3.3. Systems relating to the preparation and processing...1413.3. Systems relating to the preparation and processing of financialand accounting information3.3. Systems relating to the preparation and processing of financialand accounting information - page141
- 3.4. Vigilance...1443.4. Vigilance Plan3.4. Vigilance Plan - page144
- 3.5. Risk...1583.5. Risk factors and risk management3.5. Risk factors and risk management - page158
- 4. L’Oréal’s social, environmental and...4. L’Oréal’s social, environmental and societal responsibility4. L’Oréal’s social, environmental and societal responsibility - Page 169
page 169 TO 282
- 4.2. Main...1774.2. Main non-financial risks4.2. Main non-financial risks - page177
- 4.3. Policies,...1794.3. Policies, performance indicators and results4.3. Policies, performance indicators and results - page179
- 4.4. L’Oréal for the...2584.4. L’Oréal for the Future: 2021 results4.4. L’Oréal for the Future: 2021 results - page258
- 4.5. Methodological...2604.5. Methodological notes4.5. Methodological notes - page260
- 4.6. Cross-reference tables, including...2674.6. Cross-reference tables, including NFIS and GHG footprint4.6. Cross-reference tables, including NFIS and GHG footprint - page267
- 4.7. Statutory...2744.7. Statutory Auditor's reports4.7. Statutory Auditor's reports - page274
- 5. 2021 Consolidated...5. 2021 Consolidated financial statements5. 2021 Consolidated financial statements - Page 283
page 283 TO 346
- 5.1. Compared...2855.1. Compared consolidated income statements5.1. Compared consolidated income statements - page285
- 5.2. Consolidated statement...2865.2. Consolidated statement of comprehensive income5.2. Consolidated statement of comprehensive income - page286
- 5.3. Compared...2875.3. Compared consolidated balance sheets5.3. Compared consolidated balance sheets - page287
- 5.4. Consolidated statements of...2885.4. Consolidated statements of changes in equity5.4. Consolidated statements of changes in equity - page288
- 5.5. Compared consolidated statements...2905.5. Compared consolidated statements of cash flows5.5. Compared consolidated statements of cash flows - page290
- 5.6. Notes to the...2915.6. Notes to the consolidated financial statements5.6. Notes to the consolidated financial statements - page291
- 5.7. Consolidated companies at...3405.7. Consolidated companies at 31 December 20215.7. Consolidated companies at 31 December 2021 - page340
- 5.8. Statutory Auditors’ report on the...3435.8. Statutory Auditors’ report on the consolidated financial statements5.8. Statutory Auditors’ report on the consolidated financial statements - page343
- 6. Parent company...6. Parent company financial statements6. Parent company financial statements - Page 347
page 347 TO 376
- 6.1. Compared...3486.1. Compared income statements6.1. Compared income statements - page348
- 6.2. Compared...3496.2. Compared balance sheets6.2. Compared balance sheets - page349
- 6.3. Changes...3506.3. Changes in shareholders’ equity6.3. Changes in shareholders’ equity - page350
- 6.4. Statements...3516.4. Statements of cash flows6.4. Statements of cash flows - page351
- 6.5. Notes to the financial statements...3526.5. Notes to the financial statements of L’Oréal SA6.5. Notes to the financial statements of L’Oréal SA - page352
- 6.6. Other information relating to the financial statements...3686.6. Other information relating to the financial statements of L’Oréal S.A.6.6. Other information relating to the financial statements of L’Oréal S.A. - page368
- 6.7....3706.7. Five-year financial summary6.7. Five-year financial summary - page370
- 6.8. Investments (main changes including...3716.8. Investments (main changes including shareholding threshold changes)6.8. Investments (main changes including shareholding threshold changes) - page371
- 6.9. Statutory Auditors’ report on...3726.9. Statutory Auditors’ report on the financial statements6.9. Statutory Auditors’ report on the financial statements - page372
- 7. Stock market information...7. Stock market information share capital7. Stock market information share capital - Page 377
page 377 TO 400
- 7.1. Information relating...3787.1. Information relating to the Company7.1. Information relating to the Company - page378
- 7.2. Information concerning...3807.2. Information concerning the share capital7.2. Information concerning the share capital - page380
- 7.3. Shareholder...3837.3. Shareholder structure7.3. Shareholder structure - page383
- 7.4....3887.4. Long-term incentive plans7.4. Long-term incentive plans - page388
- 7.5. The L’Oréal...3937.5. The L’Oréal share/the share market7.5. The L’Oréal share/the share market - page393
- 7.6. Information...3987.6. Information policy7.6. Information policy - page398
- 8.1. Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Thursday...4028.1. Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Thursday 21 April 20228.1. Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Thursday 21 April 2022 - page402
- 8.2. Statutory...4258.2. Statutory Auditors’ Reports8.2. Statutory Auditors’ Reports - page425
- 9.1. Statutory...4309.1. Statutory Auditors9.1. Statutory Auditors - page430
- 9.2. Historical financial information...4309.2. Historical financial information included by reference9.2. Historical financial information included by reference - page430
- 9.3. Person responsible for the Universal Registration Document and the...4309.3. Person responsible for the Universal Registration Document and the Annual Financial Report9.3. Person responsible for the Universal Registration Document and the Annual Financial Report - page430
- 9.4. Declaration by the person responsible for the Universal Registration Document and the...4319.4. Declaration by the person responsible for the Universal Registration Document and the Annual Financial Report9.4. Declaration by the person responsible for the Universal Registration Document and the Annual Financial Report - page431
- 9.5. Cross-reference table with the...4329.5. Cross-reference table with the Universal Registration Document9.5. Cross-reference table with the Universal Registration Document - page432
- 9.6. Annual Financial...4349.6. Annual Financial Report cross-reference table9.6. Annual Financial Report cross-reference table - page434
- 9.7. Cross-reference table with the AMF tables on the remuneration of directors...4349.7. Cross-reference table with the AMF tables on the remuneration of directors and corporate officers9.7. Cross-reference table with the AMF tables on the remuneration of directors and corporate officers - page434
- 9.8. Management...4359.8. Management Report cross-reference table9.8. Management Report cross-reference table - page435
6. Parent company financial statements
6.6. Other information relating to the financial statements of L’Oréal S.A.
GLOBAL INFORMATION RELATING TO SUBSIDIARIES AND INVESTMENTS
| Subsidiaries | Other investments | |||
|---|---|---|---|---|
| French | Foreign | French | Foreign | |
| Book value of shares held: | ||||
|
792,837 | 9,424,518 | 436,351 | 9,009 |
|
696,112 | 8,819,711 | 436,351 | 9,009 |
| Amount of loans and advances granted | 17,939 | |||
| Amount of guarantees and security granted | 7,122 | 4,427,229 | ||
| Amount of dividends booked | 534,096 | 2,634,339 | 378,838 | 1,971 |
6.6. OTHER INFORMATION RELATING TO THE FINANCIAL STATEMENTS OF L’ORÉAL S.A.
6.6.1. Expenses and charges falling under Article 223 quarter of the French Tax Code
The total amount of expenses and charges falling under Article 223 quarter of the French General Tax Code and the amount of tax applicable to such expenses and charges are as follows:
| Expenses and charges | €3.9 million |
|---|---|
| Corresponding tax | €1.1 million |
