Net financial income amounts include the following items:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Dividends received(1) | Dividends received (1)31.12.20245,052.4 |
Dividends received (1)31.12.20235,179.8 |
Dividends received (1)31.12.202211,726.2 |
| Revenues on other receivables and marketable securities | Revenues on other receivables and marketable securities 31.12.2024143.7 |
Revenues on other receivables and marketable securities 31.12.2023105.4 |
Revenues on other receivables and marketable securities 31.12.202227.8 |
| Interest expense on borrowings and financial debt | Interest expense on borrowings and financial debt 31.12.2024(214.8) |
Interest expense on borrowings and financial debt 31.12.2023(140.6) |
Interest expense on borrowings and financial debt 31.12.2022(4.9) |
| Other | Other 31.12.20249.2 |
Other 31.12.2023(20.5) |
Other 31.12.2022(37.4) |
| TOTAL | TOTAL31.12.20244,990.4 | TOTAL31.12.20235,124.1 | TOTAL31.12.202211,711.7 |
Charges to provisions net of reversals and expense transfers chiefly concern:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Equity investments(1) | Equity investments (1)31.12.202462.9 |
Equity investments (1)31.12.2023(2,044.1) |
Equity investments (1)31.12.2022(49.2) |
| Impairment of other financial assets | Impairment of other financial assets 31.12.2024— |
Impairment of other financial assets 31.12.2023— |
Impairment of other financial assets 31.12.2022— |
| Impairment of Treasury shares | Impairment of Treasury shares 31.12.2024— |
Impairment of Treasury shares 31.12.2023— |
Impairment of Treasury shares 31.12.2022— |
| Provisions for liabilities and charges relating to financial items(2) | Provisions for liabilities and charges relating to financial items (2)31.12.2024(38.7) |
Provisions for liabilities and charges relating to financial items (2)31.12.202331.6 |
Provisions for liabilities and charges relating to financial items (2)31.12.2022154.8 |
| Other | Other 31.12.2024(2.0) |
Other 31.12.20232.0 |
Other 31.12.20222.5 |
| TOTAL | TOTAL31.12.202422.1 | TOTAL31.12.2023(2,010.5) | TOTAL31.12.2022108.1 |
Exceptional items represented an expense of €61.5 million in 2024, compared to an expense of €113.8 million in 2023 and income of €246.6 million in 2022.
The income tax breaks down as follows:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Tax on profit before tax and exceptional items | Tax on profit before tax and exceptional items 31.12.2024(94.8) |
Tax on profit before tax and exceptional items 31.12.2023(175.1) |
Tax on profit before tax and exceptional items 31.12.2022(262.5) |
| Tax on exceptional items and employee Profit Sharing | Tax on exceptional items and employee Profit Sharing 31.12.202410.1 |
Tax on exceptional items and employee Profit Sharing 31.12.202311.0 |
Tax on exceptional items and employee Profit Sharing 31.12.202212.1 |
| Pillar Two tax charge | Pillar Two tax charge 31.12.2024(30.4) |
Pillar Two tax charge 31.12.2023— |
Pillar Two tax charge 31.12.2022— |
| INCOME TAX | INCOME TAX31.12.2024(115.2) | INCOME TAX31.12.2023(164.1) | INCOME TAX31.12.2022(250.4 ) |
In 2024, the tax charge recognised by L’Oréal included a tax consolidation loss of €0.9 million.
In 2023, the tax charge recognised by L’Oréal included a tax consolidation loss of €43.9 million.
In 2022, the tax charge recognised by L’Oréal included a tax consolidation loss of €65.0 million.
