2023 universal registration document

5. 2023 Consolidated Financial Statements

FEES FOR THE 2022 FINANCIAL YEAR
non-inclus Ernst & Young Audit Deloitte & Associés
non-inclus Auditor Ernst & Young Audit Network Auditor Ernst & Young Audit Network
€ millions excl. VAT Amount As a % Amount As a % Amount As a % Amount As a %
Review of interim, company and consolidated financial statements
L’Oréal 1.6 64% n/a n/a 1.5 56% n/a n/a
Fully consolidated subsidiaries 0.7 29% 4.7 53% 0.6 22% 5.0 64%
Subtotal 2.3 93% 4.7 53% 2.1 78% 5.0 64%
Non-audit servicesMainly concerning acquisition audits.
L’Oréal 0.2 7% 2.3 26% 0.6 22% 1.3 16%
Fully consolidated subsidiaries 1.9 21% 1.6 20%
Subtotal 0.2 7% 4.2 47% 0.6 22% 2.9 36%
TOTAL 2.5 100% 8.9 100% 2.7 100% 7.9 100%

(1) Mainly concerning acquisition audits.

Note 17. Subsequent events

On 9 January 2024, L'Oréal announced the signing of an agreement to acquire the entire capital of Gjosa, the Swiss company pioneer in the development of water micronization technology. L’Oréal had already made a first minority investment in Gjosa in 2021via its venture capital fund, BOLD (Business Opportunities for L’Oréal Development). The closing was finalized on 31 January 2024.