2023 universal registration document

5. 2023 Consolidated Financial Statements

2022 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items  (€)
Earnings per share excluding non-recurring items

Earnings per share excluding non-recurring items

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

6,054.1

Earnings per share excluding non-recurring items

Number of shares

535,898,659

Earnings per share excluding non-recurring items

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

11.30

Stock options

Stock options

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Stock options

Number of shares

Stock options

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

Free shares

Free shares

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Free shares

Number of shares

1,758,889

Free shares

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSNet profit attributable to owners of the company excluding non-recurring items (€ millions)6,054.1 DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSNumber of shares537,657,548 DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSEarnings per share attributable to owners of the company excluding non-recurring items  (€)

11.26

2021 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items  (€)
Earnings per share excluding non-recurring items

Earnings per share excluding non-recurring items

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

4,938.5

Earnings per share excluding non-recurring items

Number of shares

557,600,698

Earnings per share excluding non-recurring items

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

8.86

Stock options

Stock options

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Stock options

Number of shares

55,463

Stock options

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

Free shares

Free shares

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Free shares

Number of shares

2,135,384

Free shares

Earnings per share attributable to owners of the company excluding non-recurring items  (€)

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSNet profit attributable to owners of the company excluding non-recurring items (€ millions)4,938.5 DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSNumber of shares559,791,545 DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMSEarnings per share attributable to owners of the company excluding non-recurring items  (€)

8.82

11.4.4. Calculation of the number of shares

All potential ordinary shares are included in the calculation of earnings per share since all stock option plans have a dilutive impact on the periods presented.

At 31 December 2023, 311,925,292 shares had been held in registered form for two years making them eligible for the 10% preferential dividend.

Note 12. Provisions for liabilities and charges – Contingent liabilities and material ongoing disputes

12.1. Provisions for liabilities and charges
Accounting principles

Provisions for liabilities and charges are set up to cover probable outflows for the benefit of third parties without any equivalent consideration being received by the Group in return. They mainly relate to restructuring costs, industrial, environmental and commercial risks relating to operations such as breach of contract, product returns, and employee-related risks.

These provisions are estimated on the basis of the most likely assumptions or by using statistical methods, depending on the nature of the risks.

Provisions for liabilities and charges are recorded either as Non-current liabilities or as Current liabilities, depending on their type. Provisions for liabilities or disputes which must be settled within 12 months of the closing date, and those linked to the normal operating cycle (such as product returns), are recorded as Current liabilities. Other provisions for liabilities and charges are recorded as Non-current liabilities.

12.1.1. Closing balances
€ millions 31.12.2023 31.12.2022 31.12.2021
Provisions for liabilities and charges Provisions for liabilities and charges31.12.202368.8 Provisions for liabilities and charges31.12.202267.7 Provisions for liabilities and charges31.12.202163.8
Non-current provisionsThis item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).

Non-current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2023

68.8

Non-current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2022

67.7

Non-current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2021

63.8

Current provisions for liabilities and charges Current provisions for liabilities and charges31.12.2023977.2 Current provisions for liabilities and charges31.12.20221,205.6 Current provisions for liabilities and charges31.12.20211,223.3
Provisions for restructuring

Provisions for restructuring

31.12.2023

100.3

Provisions for restructuring

31.12.2022

146.1

Provisions for restructuring

31.12.2021

182.5

Provisions for product returns

Provisions for product returns

31.12.2023

338.2

Provisions for product returns

31.12.2022

395.3

Provisions for product returns

31.12.2021

405.9

Other current provisionsThis item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).

Other current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2023

538.7

Other current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2022

664.2

Other current provisions

This item notably includes provisions for tax risks and litigation excluding corporate income tax, industrial, environmental and commercial risks relating to operations (breach of contract), personnel costs, investments accounted for under the equity method when the Group’s share in the net asset is negative, as well as risks relating to investigations carried out by competition authorities of which France for €189.5 million (note 12.2.2.a and b).
31.12.2021

634.9

TOTAL TOTAL31.12.20231,046.0 TOTAL31.12.20221,273.3 TOTAL31.12.20211,287.1