| € millions | 31.12.2020 | 31.12.2021 | Acquisitions/Depreciation | Disposals/Reversals | Other movements | 31.12.2022 |
|---|---|---|---|---|---|---|
| Land | 81.1 | 81.3 | - | - | - | 81.3 |
| Buildings | 727.4 | 769.3 | 15.8 | -10.6 | -25.0 | 749.5 |
| Industrial machinery and equipment | 220.5 | 218.7 | 9.2 | -14.0 | 1.1 | 215.0 |
| Other tangible assets | 303.1 | 297.2 | 36.5 | -27.3 | 45.5 | 351.9 |
| Tangible assets in progress | 40.5 | 48.1 | 58.9 | -0.2 | -20.9 | 85.9 |
| Advances and prepayments | 2.1 | 3.1 | 0.1 | 1.4 | - | 4.6 |
| Gross value | 1,374.7 | 1,417.7 | 120.5 | -50.7 | 0.7 | 1,488.2 |
| Land | 1.8 | 2.1 | 0.3 | - | - | 2.4 |
| Buildings | 430.4 | 454.9 | 26.4 | -10.4 | -11.4 | 459.5 |
| Industrial machinery and equipment | 174.8 | 172.2 | 10.5 | -11.5 | - | 171.2 |
| Other tangible assets | 205.8 | 208.8 | 33.6 | -26.5 | 11.4 | 227.3 |
| Amortisation | 812.8 | 838.0 | 70.8 | -48.4 | - | 860.4 |
| Land | 0.2 | - | - | - | - | - |
| Industrial machinery and equipment | 5.8 | 6.3 | 0.1 | -3.9 | - | 2.6 |
| Impairment | 6.0 | 6.3 | 0.1 | -3.9 | - | 2.6 |
| NET VALUE | 555.9 | 573.4 | 49.6 | 1.6 | 0.7 | 625.3 |
Depreciation and amortisation recognised in 2022 for tangible assets and intangible assets included:
At 31 December 2022, L’Oréal S.A. no longer held any leased assets.
| € millions | 31.12.2020 | 31.12.2021 | Allocation of technical merger losses | Acquisitions/Subscriptions | Disposals/Reductions | Other movements | 31.12.2022 |
|---|---|---|---|---|---|---|---|
| Equity investments (2) | 11,530.0 | 11,066.1 | - | 6,666.1 | - | 100.6 | 17,832.8 |
| Loans and other receivables(3) | 39.0 | 33.6 | - | 2,560.8 | -2,349.1 | -22.1 | 223.2 |
| L’Oréal shares(4) | - | 8,904.0 | - | 500.0 | - | -9,404.0 | 0.0 |
| Others | 4.8 | 5.4 | - | 0.7 | -1.2 | - | 4.9 |
| Gross value | 11,573.8 | 20,009.1 | - | 9,727.6 | -2,350.3 | -9,325.5 | 18,060.9 |
| Equity investments | 1,085.0 | 736.4 | - | 99.1 | -49.9 | - | 785.6 |
| Loans and other receivables | 0.5 | 0.4 | - | 0.4 | -0.4 | - | 0.4 |
| Others | 0.2 | 0.2 | - | 0.1 | - | - | 0.3 |
| Impairment | 1,085.7 | 737.0 | - | 99.6 | -50.3 | - | 786.3 |
| NET VALUE | 10,488.1 | 19,272.1 | - | 9,628.0 | -2,300.0 | -9,325.5 | 17,274.6 |
(1) Other movements related to equity investments essentially correspond to Euroapi shares in the amount of €74.5 million obtained in connection with the payment of an exceptional stock dividend by Sanofi.
(2) The change mainly corresponds to the subscription by L’Oréal S.A. to the share capital increase conducted by L’Oréal Singapore Ltd (see § Highlights of the financial year).
(3) Movements on loans and related receivables correspond to loans granted and repaid during the year firstly to Finval and secondly to L’Oréal Singapore.
(4) On 28 July 2022, the Board of Directors resolved, in connection with the authorisation approved by the Annual General Meeting of 21 April 2022, to buy back L’Oréal shares in the maximum amount of €500 million. The shares thus bought back for €500 million were cancelled in line with the Board of Directors’ decision on 7 December 2022.
In addition, the shares bought back from Nestlé in December 2021 were cancelled in line with the Board of Directors’ decision of 9 February 2022 for €8,904 million.
The detailing subsidiaries and affiliates is presented at the end of the present notes.
