The Other income and expenses item includes capital gains and losses on disposals of property, plant and equipment and intangible assets, impairment of assets, restructuring costs, and clearly identified, non-recurring income and expense items that are material to the consolidated financial statements.
The cost of restructuring operations is fully provisioned if it results from a group obligation towards a third party originating from a decision taken by a competent body which is announced to the third parties concerned before the end of the reporting period.
This cost consists mainly of severance payments, early retirement payments, the cost of unworked notice periods, the costs of training for employees affected by the restructuring measures, and other costs relating to site closures. Any write-offs of fixed assets or impairment charged against inventories and other assets related directly to these restructuring measures are also recorded as restructuring costs.
Operational profit is calculated based on operating profit and includes other income and expenses such as capital gains and losses on disposals of property, plant, and equipment and intangible assets, impairment of assets, and restructuring costs.
This item breaks down as follows:
| € millions | 2023 | 2022 | 2021 |
|---|---|---|---|
| Capital gains and losses on disposals of property, plant and equipment and intangible assets(1)Including: in 2023, the residual impact of the sale of Logocos in Germany (-€5 million); in 2022, mainly the capital loss (-€8.8 million) on the assets disposal of Dermablend in the United States. | Capital gains and losses on disposals of property, plant and equipment and intangible assets (1)Including: in 2023, the residual impact of the sale of Logocos in Germany (-€5 million); in 2022, mainly the capital loss (-€8.8 million) on the assets disposal of Dermablend in the United States. 2023-6.7 |
Capital gains and losses on disposals of property, plant and equipment and intangible assets (1)Including: in 2023, the residual impact of the sale of Logocos in Germany (-€5 million); in 2022, mainly the capital loss (-€8.8 million) on the assets disposal of Dermablend in the United States. 2022-7.4 |
Capital gains and losses on disposals of property, plant and equipment and intangible assets (1)Including: in 2023, the residual impact of the sale of Logocos in Germany (-€5 million); in 2022, mainly the capital loss (-€8.8 million) on the assets disposal of Dermablend in the United States. 2021-0.4 |
| Impairment of property, plant and equipment and intangible assets(2)Including: in 2023, the impairment of the goodwill of IT Cosmetics (€250 million) and that of the brand Decléor(€20 million); in 2022, the impairment of the brand Decléor (-€39 million); in 2021, the goodwill of IT Cosmetics (-€254,7 million) and the brand Magic (-€82,8 million). | Impairment of property, plant and equipment and intangible assets (2)Including: in 2023, the impairment of the goodwill of IT Cosmetics (€250 million) and that of the brand Decléor(€20 million); in 2022, the impairment of the brand Decléor (-€39 million); in 2021, the goodwill of IT Cosmetics (-€254,7 million) and the brand Magic (-€82,8 million). 2023-270.6 |
Impairment of property, plant and equipment and intangible assets (2)Including: in 2023, the impairment of the goodwill of IT Cosmetics (€250 million) and that of the brand Decléor(€20 million); in 2022, the impairment of the brand Decléor (-€39 million); in 2021, the goodwill of IT Cosmetics (-€254,7 million) and the brand Magic (-€82,8 million). 2022-39.0 |
Impairment of property, plant and equipment and intangible assets (2)Including: in 2023, the impairment of the goodwill of IT Cosmetics (€250 million) and that of the brand Decléor(€20 million); in 2022, the impairment of the brand Decléor (-€39 million); in 2021, the goodwill of IT Cosmetics (-€254,7 million) and the brand Magic (-€82,8 million). 2021-337.5 |
| Restructuring costs(3)Including: in 2023, the restructuring of the organisation and distribution of the Consumer Products and Professional Products Divisions in Europe (€39 million), the strategic reorganisation of legal entities in France (€17 million), the recognition following French pension reforms of additional charges on advanced leave provisions from previous restructuring (€7 million) and additional impairment concerning the right to use in Brazil (€9 million); in 2022, mainly the loss resulting from the sale of Logocos for €114.6 million following the signing of an agreement on 2 December 2022 (this project should be completed by March 2023), the continued restructuring of the sales forces in the Consumer Products Division in Europe (€14.5 million) and the reorganisation of the operational structures in Europe and Sapmena (€23.1 million); in 2021, the ongoing restructuring of the organisation and distribution of the Luxe and Professional Divisions in Europe (€60.8 million), the reorganisation of the Consumer Products Division’s sales forces in North Asia (€29 million), the restructuring of an industrial activity in Eastern Europe (€10 million), the restructuring of production in Germany (€18.2 million) and the reorganisation of Urban Decay’s distribution structures in 17 countries (€9.2 million). | Restructuring costs (3)Including: in 2023, the restructuring of the organisation and distribution of the Consumer Products and Professional Products Divisions in Europe (€39 million), the strategic reorganisation of legal entities in France (€17 million), the recognition following French pension reforms of additional charges on advanced leave provisions from previous restructuring (€7 million) and additional impairment concerning the right to use in Brazil (€9 million); in 2022, mainly the loss resulting from the sale of Logocos for €114.6 million following the signing of an agreement on 2 December 2022 (this project should be completed by March 2023), the continued restructuring of the sales forces in the Consumer Products Division in Europe (€14.5 million) and the reorganisation of the operational structures in Europe and Sapmena (€23.1 million); in 2021, the ongoing restructuring of the organisation and distribution of the Luxe and Professional Divisions in Europe (€60.8 million), the reorganisation of the Consumer Products Division’s sales forces in North Asia (€29 million), the restructuring of an industrial activity in Eastern Europe (€10 million), the restructuring of production in Germany (€18.2 million) and the reorganisation of Urban Decay’s distribution structures in 17 countries (€9.2 million). 2023-88.5 |
Restructuring costs (3)Including: in 2023, the restructuring of the organisation and distribution of the Consumer Products and Professional Products Divisions in Europe (€39 million), the strategic reorganisation of legal entities in France (€17 million), the recognition following French pension reforms of additional charges on advanced leave provisions from previous restructuring (€7 million) and additional impairment concerning the right to use in Brazil (€9 million); in 2022, mainly the loss resulting from the sale of Logocos for €114.6 million following the signing of an agreement on 2 December 2022 (this project should be completed by March 2023), the continued restructuring of the sales forces in the Consumer Products Division in Europe (€14.5 million) and the reorganisation of the operational structures in Europe and Sapmena (€23.1 million); in 2021, the ongoing restructuring of the organisation and distribution of the Luxe and Professional Divisions in Europe (€60.8 million), the reorganisation of the Consumer Products Division’s sales forces in North Asia (€29 million), the restructuring of an industrial activity in Eastern Europe (€10 million), the restructuring of production in Germany (€18.2 million) and the reorganisation of Urban Decay’s distribution structures in 17 countries (€9.2 million). 2022-172.6 |
Restructuring costs (3)Including: in 2023, the restructuring of the organisation and distribution of the Consumer Products and Professional Products Divisions in Europe (€39 million), the strategic reorganisation of legal entities in France (€17 million), the recognition following French pension reforms of additional charges on advanced leave provisions from previous restructuring (€7 million) and additional impairment concerning the right to use in Brazil (€9 million); in 2022, mainly the loss resulting from the sale of Logocos for €114.6 million following the signing of an agreement on 2 December 2022 (this project should be completed by March 2023), the continued restructuring of the sales forces in the Consumer Products Division in Europe (€14.5 million) and the reorganisation of the operational structures in Europe and Sapmena (€23.1 million); in 2021, the ongoing restructuring of the organisation and distribution of the Luxe and Professional Divisions in Europe (€60.8 million), the reorganisation of the Consumer Products Division’s sales forces in North Asia (€29 million), the restructuring of an industrial activity in Eastern Europe (€10 million), the restructuring of production in Germany (€18.2 million) and the reorganisation of Urban Decay’s distribution structures in 17 countries (€9.2 million). 2021-149.6 |
| Other(4)Including: in 2023, corporate philanthropy donations (€29 million) and acquisition costs (€46 million); in 2022, corporate philanthropy donations (€25.3 million), exceptional costs associated with the conflict in Ukraine (€18.4 million), partially offset by the downward revaluation of earn-out liabilities (€21.2 million); in 2021, the reversal of a provision for disputes related to intellectual property (€45.6 million), the write-down of Earn-out Style Nanda and Atelier Cologne earn-out debts (€44.2 million), partially offset by charitable donations (€16 million) and acquisition costs (€14.3 million). | Other (4)Including: in 2023, corporate philanthropy donations (€29 million) and acquisition costs (€46 million); in 2022, corporate philanthropy donations (€25.3 million), exceptional costs associated with the conflict in Ukraine (€18.4 million), partially offset by the downward revaluation of earn-out liabilities (€21.2 million); in 2021, the reversal of a provision for disputes related to intellectual property (€45.6 million), the write-down of Earn-out Style Nanda and Atelier Cologne earn-out debts (€44.2 million), partially offset by charitable donations (€16 million) and acquisition costs (€14.3 million).2023-84.1 |
Other (4)Including: in 2023, corporate philanthropy donations (€29 million) and acquisition costs (€46 million); in 2022, corporate philanthropy donations (€25.3 million), exceptional costs associated with the conflict in Ukraine (€18.4 million), partially offset by the downward revaluation of earn-out liabilities (€21.2 million); in 2021, the reversal of a provision for disputes related to intellectual property (€45.6 million), the write-down of Earn-out Style Nanda and Atelier Cologne earn-out debts (€44.2 million), partially offset by charitable donations (€16 million) and acquisition costs (€14.3 million).2022-22.5 |
Other (4)Including: in 2023, corporate philanthropy donations (€29 million) and acquisition costs (€46 million); in 2022, corporate philanthropy donations (€25.3 million), exceptional costs associated with the conflict in Ukraine (€18.4 million), partially offset by the downward revaluation of earn-out liabilities (€21.2 million); in 2021, the reversal of a provision for disputes related to intellectual property (€45.6 million), the write-down of Earn-out Style Nanda and Atelier Cologne earn-out debts (€44.2 million), partially offset by charitable donations (€16 million) and acquisition costs (€14.3 million).202155.5 |
| TOTAL | TOTAL2023-449.9 | TOTAL2022-241.5 | TOTAL2021-432.0 |
