The share capital comprises 534,725,475 shares with a par value of €0.2 each following transactions carried out in financial year 2023:
Changes in shareholders’ equity are as follows:
| € millions | Share capital | Additional paid-in capital |
1976 revaluation reserve |
Reserves and retained earnings |
Net profit for the financial year |
Regulated provisions and investment grants |
Total |
|---|---|---|---|---|---|---|---|
| Balance at 31 December 2020 before appropriation of net profit | Balance at 31 December 2020 before appropriation of net profitShare capital112.0 | Balance at 31 December 2020 before appropriation of net profitAdditional paid-in capital3,259.8 |
Balance at 31 December 2020 before appropriation of net profit1976 revaluation reserve42.5 |
Balance at 31 December 2020 before appropriation of net profitReserves and retained earnings9,977.6 |
Balance at 31 December 2020 before appropriation of net profitNet profit for the financial year4,158.8 |
Balance at 31 December 2020 before appropriation of net profitRegulated provisions and investment grants 36.2 |
Balance at 31 December 2020 before appropriation of net profit Total 17,586.8 |
| Capital increase | Capital increase Share capital0.1 |
Capital increase Additional paid-incapital 5.8 |
Capital increase 1976 revaluationreserve
|
Capital increase Reserves andretained earnings
|
Capital increase Net profit for thefinancial year
|
Capital increase Regulated provisions andinvestment grants
|
Capital increase Total 5.9 |
| Cancellation of shares | Cancellation of shares Share capital-0.6 |
Cancellation of shares Additional paid-incapital
|
Cancellation of shares 1976 revaluationreserve
|
Cancellation of shares Reserves andretained earnings -1,101.3 |
Cancellation of shares Net profit for thefinancial year
|
Cancellation of shares Regulated provisions andinvestment grants
|
Cancellation of shares Total -1,101.9 |
| Appropriation of 2020 net profit | Appropriation of 2020 net profit Share capital
|
Appropriation of 2020 net profit Additional paid-incapital
|
Appropriation of 2020 net profit 1976 revaluationreserve
|
Appropriation of 2020 net profit Reserves andretained earnings 1,894.4 |
Appropriation of 2020 net profit Net profit for thefinancial year -1,894.4 |
Appropriation of 2020 net profit Regulated provisions andinvestment grants
|
Appropriation of 2020 net profit Total 0.0 |
| Dividends paid for 2020 | Dividends paid for 2020 Share capital
|
Dividends paid for 2020 Additional paid-incapital
|
Dividends paid for 2020 1976 revaluationreserve
|
Dividends paid for 2020 Reserves andretained earnings
|
Dividends paid for 2020 Net profit for thefinancial year -2,264.4 |
Dividends paid for 2020 Regulated provisions andinvestment grants
|
Dividends paid for 2020 Total -2,264.4 |
| Financial year 2021 net profit | Financial year 2021 net profit Share capital
|
Financial year 2021 net profit Additional paid-incapital
|
Financial year 2021 net profit 1976 revaluationreserve
|
Financial year 2021 net profit Reserves andretained earnings
|
Financial year 2021 net profit Net profit for thefinancial year 3,860.5 |
Financial year 2021 net profit Regulated provisions andinvestment grants
|
Financial year 2021 net profit Total 3,860.5 |
| Other movements during the period | Other movements during the period Share capital
|
Other movements during the period Additional paid-incapital
|
Other movements during the period 1976 revaluationreserve
|
Other movements during the period Reserves andretained earnings -0.1 |
Other movements during the period Net profit for thefinancial year
|
Other movements during the period Regulated provisions andinvestment grants -6.3 |
Other movements during the period Total -6.4 |
| Balance at 31 December 2021 before appropriation of net profit | Balance at 31 December 2021 before appropriation of net profitShare capital111.5 | Balance at 31 December 2021 before appropriation of net profitAdditional paid-in capital3,265.6 |
Balance at 31 December 2021 before appropriation of net profit1976 revaluation reserve42.5 |
Balance at 31 December 2021 before appropriation of net profitReserves and retained earnings10,770.6 |
Balance at 31 December 2021 before appropriation of net profitNet profit for the financial year3,860.5 |
Balance at 31 December 2021 before appropriation of net profitRegulated provisions and investment grants 29.9 |
Balance at 31 December 2021 before appropriation of net profit Total 18,080.6 |
| Capital increase | Capital increase Share capital0.3 |
Capital increase Additional paid-incapital 103.1 |
Capital increase 1976 revaluationreserve
|
Capital increase Reserves andretained earnings
|
Capital increase Net profit for thefinancial year
|
Capital increase Regulated provisions andinvestment grants
|
Capital increase Total 103.4 |
| Cancellation of shares | Cancellation of shares Share capital-4.8 |
Cancellation of shares Additional paid-incapital
|
Cancellation of shares 1976 revaluationreserve
|
Cancellation of shares Reserves andretained earnings -9,399.4 |
Cancellation of shares Net profit for thefinancial year
|
Cancellation of shares Regulated provisions andinvestment grants
|
Cancellation of shares Total -9,404.2 |
| Appropriation of 2021 net profit | Appropriation of 2021 net profit Share capital
|
Appropriation of 2021 net profit Additional paid-incapital
|
Appropriation of 2021 net profit 1976 revaluationreserve
|
Appropriation of 2021 net profit Reserves andretained earnings 1,259.3 |
Appropriation of 2021 net profit Net profit for thefinancial year -1,259.3 |
Appropriation of 2021 net profit Regulated provisions andinvestment grants
|
Appropriation of 2021 net profit Total 0.0 |
| Dividends paid for 2021 | Dividends paid for 2021 Share capital
|
Dividends paid for 2021 Additional paid-incapital
|
Dividends paid for 2021 1976 revaluationreserve
|
Dividends paid for 2021 Reserves andretained earnings
|
Dividends paid for 2021 Net profit for thefinancial year -2,601.2 |
Dividends paid for 2021 Regulated provisions andinvestment grants
|
Dividends paid for 2021 Total -2,601.2 |
| Financial year 2022 net profit | Financial year 2022 net profit Share capital
|
Financial year 2022 net profit Additional paid-incapital
|
Financial year 2022 net profit 1976 revaluationreserve
|
Financial year 2022 net profit Reserves andretained earnings
|
Financial year 2022 net profit Net profit for thefinancial year 12,343.1 |
Financial year 2022 net profit Regulated provisions andinvestment grants
|
Financial year 2022 net profit Total 12,343.1 |
| Other movements during the period | Other movements during the period Share capital
|
Other movements during the period Additional paid-incapital
|
Other movements during the period 1976 revaluationreserve
|
Other movements during the period Reserves andretained earnings
|
Other movements during the period Net profit for thefinancial year
|
Other movements during the period Regulated provisions andinvestment grants -7.9 |
Other movements during the period Total -7.9 |
| Balance at 31 December 2022 before appropriation of net profit | Balance at 31 December 2022 before appropriation of net profitShare capital107.0 | Balance at 31 December 2022 before appropriation of net profitAdditional paid-in capital3,368.7 |
Balance at 31 December 2022 before appropriation of net profit1976 revaluation reserve42.5 |
Balance at 31 December 2022 before appropriation of net profitReserves and retained earnings2,630.5 |
Balance at 31 December 2022 before appropriation of net profitNet profit for the financial year12,343.1 |
Balance at 31 December 2022 before appropriation of net profitRegulated provisions and investment grants 22.0 |
Balance at 31 December 2022 before appropriation of net profit Total 18,513.8 |
| Capital increase | Capital increase Share capital0.2 |
Capital increase Additional paid-incapital 1.5 |
Capital increase 1976 revaluationreserve
|
Capital increase Reserves andretained earnings
|
Capital increase Net profit for thefinancial year
|
Capital increase Regulated provisions andinvestment grants
|
Capital increase Total 1.7 |
| Cancellation of shares | Cancellation of shares Share capital-0.3 |
Cancellation of shares Additional paid-incapital
|
Cancellation of shares 1976 revaluationreserve
|
Cancellation of shares Reserves andretained earnings -499.7 |
Cancellation of shares Net profit for thefinancial year
|
Cancellation of shares Regulated provisions andinvestment grants
|
Cancellation of shares Total -500.0 |
| Appropriation of 2022 net profit | Appropriation of 2022 net profit Share capital
|
Appropriation of 2022 net profit Additional paid-incapital
|
Appropriation of 2022 net profit 1976 revaluationreserve
|
Appropriation of 2022 net profit Reserves andretained earnings 9,094.7 |
Appropriation of 2022 net profit Net profit for thefinancial year -9,094.7 |
Appropriation of 2022 net profit Regulated provisions andinvestment grants
|
Appropriation of 2022 net profit Total 0.0 |
| Dividends paid for 2022 | Dividends paid for 2022 Share capital
|
Dividends paid for 2022 Additional paid-incapital
|
Dividends paid for 2022 1976 revaluationreserve
|
Dividends paid for 2022 Reserves andretained earnings
|
Dividends paid for 2022 Net profit for thefinancial year -3,248.4 |
Dividends paid for 2022 Regulated provisions andinvestment grants
|
Dividends paid for 2022 Total -3,248.4 |
| Financial year 2023 net profit | Financial year 2023 net profit Share capital
|
Financial year 2023 net profit Additional paid-incapital
|
Financial year 2023 net profit 1976 revaluationreserve
|
Financial year 2023 net profit Reserves andretained earnings
|
Financial year 2023 net profit Net profit for thefinancial year 3,826.3 |
Financial year 2023 net profit Regulated provisions andinvestment grants
|
Financial year 2023 net profit Total 3,826.3 |
| Other movements during the period | Other movements during the period Share capital
|
Other movements during the period Additional paid-incapital
|
Other movements during the period 1976 revaluationreserve
|
Other movements during the period Reserves andretained earnings -0.2 |
Other movements during the period Net profit for thefinancial year
|
Other movements during the period Regulated provisions andinvestment grants -5.1 |
Other movements during the period Total -5.3 |
| BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFIT | BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFITShare capital106.9 | BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFITAdditional paid-in capital3,370.2 |
BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFIT1976 revaluation reserve42.5 |
BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFITReserves and retained earnings11,225.3 |
BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFITNet profit for the financial year3,826.3 |
BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFITRegulated provisions and investment grants 16.9 |
BALANCE AT 31 DECEMBER 2023 BEFORE APPROPRIATION OF NET PROFIT Total 18,588.1 |
The amount added to reserves for (i) unpaid dividends on some treasury shares held by L’Oréal, (ii) movements between 1 January and the dividend payment date, on maturing free share plans, (iii) and the final number of shares carrying preferential dividend rights, stood at €2.9 million in 2023, compared with €4.5 million in 2022 and €2.7 million in 2021.
The item “Regulated provisions and investment grants” amounted to €16.9 million at 31 December 2023, compared with €22 million at 31 December 2022 and €29.9 million at 31 December2021. This item mainly consisted of accelerated tax driven depreciation.
Details of option plans and free share plans are provided in note 16.
