Loreal 2011 Annual Report Download - page 158

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156 REGISTRATION DOCUMENT − L’ORÉAL 2011
52011 parent company Financial Statements
Notes to the parent company  nancial statements
NOTE6 Net financial income
Net financial income amounts to €2,033.0million in2011 (€1,913.9million in2010 and €1,597.1million in2009), and mainly includes
the following items:
€ millions
12.31.2011 12.31.2010 12.31.2009
Dividends received 1,957.6 1,951.3 1,655.4
Revenues on other receivables and marketable securities 5.0 1.1 1.6
Interest expense on loans -23.4 -23.8 -59.1
Losses settled at the level of partnership entities (SNCs) -0.1 -9.8 -2.6
Redemption of perpetual loan - - -
Other items not broken down(1) 93.9 -4.9 1.8
Total 2,033.0 1,913.9 1,597.1
(1) Including a merger surplus relating to the complete transfer of assets and liabilities involving Laboratoire Garnier et Cie for €45.4million and accrued
revenue relating to amounts rebilled to subsidiaries to reflect the cost of free share grants under the April22nd, 2011 plan for €48.2 million (see analysis
ofcharges to provisions for financial items).
NOTE7 Exceptional items
In2009, 2010 and 2011, this caption notably includes charges to provisions or reversals of provisions for liabilities and charges.
The
Net (charges to)/reversals of provisions and transfers of
charges)
caption represents net charges of €74.4million in2011
compared with net reversals of €28.7million in2010 and net
reversals of €106.9million in2009. The caption mainly includes:
€ millions
12.31.2011 12.31.2010 12.31.2009
Net charges to (-)/reversals of (+) provisions for impairment
offinancial assets (excluding Treasury stock) -16.4 4.6 -29.9
Net charges to (-)/reversals of (+) provisions for impairment
ofTreasury stock(1) -54.8 22.1 179.4
Net charges to (-)/reversals of (+) provisions for liabilities andcharges
relating to financial items -5.3 10.6 -23.3
Net charges to (-)/reversals of (+) provisions for impairment
ofotherfinancial assets 1.1 -8.5 -18.0
Other movements not broken down 1.0 -0.1 -1.3
Total -74.4 28.7 106.9
(1) Including €48.2 million offset by accrued revenue relating to amounts rebilled to subsidiaries to reflect the cost of free share grants.