The variable portion of the Chief Executive Officer’s current remuneration incorporates quantitative and qualitative non-financial objectives, including objectives associated with the L’Oréal for the Future programme. Since 2016, non-financial objectives in line with the Group’s goals for sustainability have been included in the variable remuneration of the top management, including international brand managers and country managers.
For the conditional grant of free shares, the 2022 plan stipulates the fulfilment of non-financial performance criteria,of which:
These amounted to €122.7 million at 31 December 2022 compared with €257.9 million at 31 December 2021 and €257.5 million at 31 December 2020, 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 are as follows:
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Guarantees given(1) | Guarantees given (1)31.12.2022308.9 |
Guarantees given (1)31.12.2021312.2 |
Guarantees given (1)31.12.2020326.5 |
| Guarantees received | Guarantees received 31.12.2022110.4 |
Guarantees received 31.12.202176.8 |
Guarantees received 31.12.202073.6 |
| Capital expenditure orders(2) | Capital expenditure orders (2)31.12.2022508.0 |
Capital expenditure orders (2)31.12.2021504.2 |
Capital expenditure orders (2)31.12.2020255.6 |
| Firm purchase commitments under logistics supply contracts | Firm purchase commitments under logistics supply contracts 31.12.20221,852.1 |
Firm purchase commitments under logistics supply contracts 31.12.20211,341.5 |
Firm purchase commitments under logistics supply contracts 31.12.2020972.8 |
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 | 2022 | 2021 | 2020 |
|---|---|---|---|
| Sales of goods and services | Sales of goods and services 2022— |
Sales of goods and services 2021— |
Sales of goods and services 2020— |
| Financial expenses and income | Financial expenses and income 2022— |
Financial expenses and income 2021— |
Financial expenses and income 2020— |
The following receivables and payables were recorded on the balance sheet for the related parties:
| € millions | 31.12.2022 | 31.12.2021 | 31.12.2020 |
|---|---|---|---|
| Operating receivables | Operating receivables 31.12.2022— |
Operating receivables 31.12.20210.1 |
Operating receivables 31.12.2020— |
| Operating payables | Operating payables 31.12.2022— |
Operating payables 31.12.2021— |
Operating payables 31.12.2020— |
| Financial receivables | Financial receivables 31.12.20220.1 |
Financial receivables 31.12.20210.1 |
Financial receivables 31.12.20200.1 |
