Table of contents Page Page 5.7. 5.8. 5.9. Other information relating to the financial statements of L’Oréal parent company Five-year financial summary Investments (main changes including shareholding threshold changes) 189 190 191 192 1 2 PRESENTATION OF THE GROUP 1.1. 1.2. 1.3. 1.4. 1.5. 1.6. 1.7. 1.8. Mission History Business activities and strategic orientations Internationalization and cosmetics market RESEARCH & INNOVATION: an objective of excellence Operations Investment policy Risk factors / 5 6 7 7 10 14 16 20 20 5.10. Statutory auditors’ report on the financial statements 6 CORPORATE SOCIAL, / 195 ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY* 6.1. 6.2. 6.3. 6.4. 6.5. Highlight for 2013 Social information Environmental Information Societal information Table of concordance with the reporting standards with regard to social, environmental and societal matters Report by the Statutory Auditors, designated as independent third parties, on the consolidated social, environmental and societal information included in the Management Report 197 198 212 221 CORPORATE GOVERNANCE* 2.1. 2.2 2.3. 2.4. 2.5. Summary of the principles The Board’s composition and the way in which the Board’s work is prepared and organised / 29 30 31 Remuneration of the Directors and the executive officers 62 Summary of trading by Directors and executive officers in L’Oréal shares in 2013 Internal Control and Risk Management procedures (report of the Chairman of the Board of Directors on Internal Control) Statutory Auditors’ Report, prepared in accordance with Article L. 225-235 of the French Commercial Code on the report prepared by the Chairman of the Board of Directors Statutory Auditors’ Special Report on regulated agreements and commitments with third parties 75 230 6.6. 75 232 2.6. 83 84 2.7. 7 8 9 STOCK MARKET INFORMATION SHARE CAPITAL 7.1. 7.2. 7.3. 7.4. 7.5. 7.6. Information relating to the Company Information concerning the share capital* Shareholder structure* Long-Term Incentive Plans* The L’Oréal share / L’Oréal share market Information policy / 235 236 238 240 245 252 257 3 4 KEY FIGURES AND COMMENTS ON THE 2013 FINANCIAL YEAR 3.1. 3.2. 3.3. The Group’s business activities in 2013* Financial highlights Significant, recent events and prospects / 87 88 94 102 ANNUAL GENERAL MEETING 8.1. / 261 263 276 2013 CONSOLIDATED FINANCIAL STATEMENTS* 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 4.7. 4.8. Compared consolidated income statements Consolidated statement of comprehensive income Compared consolidated balance sheets Consolidated statements of changes in equity Compared consolidated statements of cash flows Notes to the consolidated financial statements Consolidated companies at December 31st, 2013 / 105 106 107 108 109 110 111 159 Draft resolutions and Report of the Board of Directors to the Annual General Meeting to be held on April 17th, 2014 (as of February 10th, 2014) Statutory Auditors’ Special Report on the cancellation of shares purchased by the company 8.2. APPENDIX 9.1. 9.2. 9.3. 9.4. Statutory Auditors / 277 278 278 279 Historical financial information included by reference Person responsible for the Registration Document and the Annual Financial Report Declaration by the person responsible for the Registration Document and the Annual Financial Report Registration Document table of concordance Annual Financial Report table of concordance Statutory auditors’ report on the consolidated financial statements 163 5 PARENT COMPANY FINANCIAL STATEMENTS* 5.1. 5.2. 5.3. 5.4. 5.5. 5.6. Compared income statements Compared balance sheets Changes in shareholders’ equity Statements of cash flows Notes to the parent company financial statements Table of subsidiaries and holdings at December 31st, 2013 / 165 166 167 168 169 170 186 279 280 282 9.5. 9.6. 9.7. 9.8. Table of concordance with the AMF Tables on the remuneration of executive officers and Directors 282 Table of concordance of the Management Report 283 Detailed chapter contents can be found at the beginning of each chapter. * This information forms an integral part of the Annual Financial Report as provided for in Article L. 451-1-2 of the French Monetary and Financial Code.
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