At 31 December 2023, a 1% increase in the discount rate on all the Group’s Cash Generating Units would lead to an impairment loss risk of around €129.6 million.
A 1% decrease in the terminal growth rate on all the Group’s Cash Generating Units would lead to an impairment loss risk of around €65.9 million.
The terminal growth rate is consistent with market data, i.e. 2.5% for Europe and 3.0% for the rest of the world.
A 1-point decrease in the margin rate over the business plan period on all the Group’s Cash Generating Units would lead to an impairment loss risk of around €58.5 million.
The net carrying amount of goodwill and brands with indefinite useful life breaks down as follows for the largest Cash Generating Units:
This graph shows the net carrying amount of goodwill and brands with indefinite useful life breaks down as follows for the largest Cash Generating Units:
2023
Perfumes: approximately 1,900
L'Oréal Paris: approximately 1,200
Maquillage Mass Market: approximately 1,100
SkinCeuticals / Skinbetter Science: approximately 900
Lancôme: approximately 700
CeraVe: approximately 700
Redken / PureOlogy: approximately 700
IT Cosmetics: approximately 650
Matrix: approximately 600
Skincare Luxe: approximately 600
YSL Beauté: approximately 500
Stylenanda: approximately 500
NYX Professional Makeup: approximately 400
Garnier: approximately 400
L'Oréal Professionnel / Kérastase: approximately 400
Vichy: approximately 300
Urban Decay: approximately 200
Shu Uemura: approximately 150
2022
Perfumes: approximately 1,900
L'Oréal Paris: approximately 1,200
Maquillage Mass Market: approximately 1,130
SkinCeuticals / Skinbetter Science: approximately 912
Lancôme: approximately 700
CeraVe: approximately 700
Redken / PureOlogy: approximately 700
IT Cosmetics: approximately 655
Matrix: approximately 655
Skincare Luxe: approximately 660
YSL Beauté: approximately 525
Stylenanda: approximately 505
NYX Professional Makeup: approximately 400
Garnier: approximately 400
L'Oréal Professionnel / Kérastase: approximately 400
Vichy: approximately 300
Urban Decay: approximately 200
Shu Uemura: approximately 155
2021 :
Parfums: approximately 1,800
L'Oréal Paris: approximately 1,200
Maquillage Mass Market: approximately 1,120
SkinCeuticals / Skinbetter Science: approximately 100
Lancôme: approximately 700
CeraVe: approximately 700
Redken / PureOlogy: approximately 699
IT Cosmetics: approximately 600
Matrix: approximately 600
Skincare Luxe: approximately 660
YSL Beauté: approximately 525
Stylenanda: approximately 505
NYX Professional Makeup: approximately 399
Garnier: approximately 450
L'Oréal Professionnel / Kérastase: approximately 400
Vichy: approximately 315
Urban Decay: approximately 200
Shu Uemura: approximately 160
Note 8. Investments accounted for under the equity method
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Investments accounted for under the equity method | Investments accounted for under the equity method31.12.2023
|
Investments accounted for under the equity method31.12.2022
|
Investments accounted for under the equity method31.12.2021
|
| LIPP Distribution | LIPP Distribution 31.12.202312.0 |
LIPP Distribution 31.12.20229.9 |
LIPP Distribution 31.12.20219.3 |
| Loshian Co | Loshian Co 31.12.20235.8 |
Loshian Co 31.12.20228.1 |
Loshian Co 31.12.2021— |
| Salon Interactive(1) Acquisition of a 38.32% stake in Salon Interactive Inc in December 2023. | Salon Interactive (1) Acquisition of a 38.32% stake in Salon Interactive Inc in December 2023.31.12.20238.8 |
Salon Interactive (1) Acquisition of a 38.32% stake in Salon Interactive Inc in December 2023.31.12.2022— |
Salon Interactive (1) Acquisition of a 38.32% stake in Salon Interactive Inc in December 2023.31.12.2021— |
| Other | Other 31.12.20230.5 |
Other 31.12.20220.5 |
Other 31.12.20210.6 |
| TOTAL | TOTAL31.12.202327.0 | TOTAL31.12.202218.4 | TOTAL31.12.2021
9.9 |