|
(in thousands of euros) |
Amount at January 1, 2019 |
2019 increase |
2019 reversal (provision used) |
R2019 reversal (provision unused) |
Amount at December 31, 2019 |
|---|---|---|---|---|---|
|
Provision for risks on treasury shares and free share grants not yet vested (1) |
Provision for risks on treasury shares and free share grants not yet vested (1) Amount at January 1, 2019 57,465 |
Provision for risks on treasury shares and free share grants not yet vested (1) 2019 increase 8,251 |
Provision for risks on treasury shares and free share grants not yet vested (1) 2019 reversal (provision used) (16,896) |
Provision for risks on treasury shares and free share grants not yet vested (1) R2019 reversal (provision unused) - |
Provision for risks on treasury shares and free share grants not yet vested (1) Amount at December 31, 2019 48,820 |
|
Other provisions for risks |
Other provisions for risks Amount at January 1, 2019 2,141 |
Other provisions for risks 2019 increase 166 |
Other provisions for risks 2019 reversal (provision used) (71) |
Other provisions for risks R2019 reversal (provision unused) - |
Other provisions for risks Amount at December 31, 2019 2,236 |
|
Total |
Total Amount at January 1, 2019 59,606 |
Total 2019 increase 8,417 |
Total 2019 reversal (provision used) (16,967) |
Total R2019 reversal (provision unused) - |
Total Amount at December 31, 2019 51,056 |
(1) This provision is made on the one hand to
cover the loss resulting from the difference between the subscription
price and the cost price of the
treasury shares when they have been allocated to the share purchase
plans for Group employees, and on the other hand to cover the future
loss on
existing shares under free share plans.
It should also be noted that provisions and provision reversals relating
to costs borne by Publicis Groupe SA in relation to these plans are
presented
in the income statement under personnel expenses in accordance with
Notice no. 2008-17 from the French National Accounting Council.
(in thousands of euros)
|
Number of securities |
Category of bond |
December 31, 2019 |
December 31, 2018 |
|---|---|---|---|
|
7&,000 |
7&,000 Category of bond Eurobond 2021 – 1,125% |
7&,000 December 31, 2019 700,000 |
7&,000 December 31, 2018 700,000 |
|
6,000 |
6,000 Category of bond Eurobond 2024 – 1.625% |
6,000 December 31, 2019 600,000 |
6,000 December 31, 2018 600,000 |
|
5,000 |
5,000 Category of bond Eurobond 2023 – 0.5% |
5,000 December 31, 2019 500,000 |
5,000 December 31, 2018 500,000 |
|
|
Category of bond Total excluding accrued interest |
December 31, 2019 1,800,000 |
December 31, 2018 1,800,000 |
|
|
Category of bond Accrued interest |
December 31, 2019 2,281 |
December 31, 2018 2,192 |
|
|
Category of bond Balance sheet total |
December 31, 2019 1,802,281 |
December 31, 2018 1,802,192 |
This euro 1.3 billion loan issued on December 16, 2014 as part of the financing for the acquisition of Sapient, which took place in February 2015, comprises two tranches:
Eurobond 2021 – 1.125%: this euro 700 million tranche has a seven-year maturity and a fixed rate of 1.125%. It is fully redeemable at par upon maturity on December 16, 2021.
Eurobond 2024 – 1.625%: this euro 600 million tranche has a tenyear maturity and a fixed rate of 1.625%. It is fully redeemable at par upon maturity on December 16, 2024.
The two tranches were subject to the following cross currency interest rate swaps:
On November 3, 2016, Publicis Groupe SA issued a fixed-rate bond for euro 500 million, maturing in November 2023 (seven years), with a 0.5% annual coupon.
On July 1, 2019, as part of the acquisition of Epsilon, two loans for euro 150 million each were arranged for four and five years at interest rates of Euribor plus 0.55% and 0.60%, respectively.
The variable-rate syndicated medium-term loan, in euros, arranged in 2015 to finance the acquisition of Sapient, which stood at euro 297,235,845 on the balance sheet at December 31, 2018, was fully repaid in financial year 2019.
