2019 Annual financial report

Note 27 List of subsidiaries and long-term equity investments at December 31, 2019

(in thousands of euros, except% interest)

A) Subsidiaries and long-term equity investments with a carrying amount exceeding 1% of the share capital of Publicis Group⁽¹⁾

Companies	Share capital	Reserves and earnings brought forward	% interest	Gross carrying amount	Net carrying amount	Loans and receivables	Revenue	Net income	Dividends received
1- Subsidiaries	1- Subsidiaries Share capital	1- Subsidiaries Reserves and earnings brought forward	1- Subsidiaries % interest	1- Subsidiaries Gross carrying amount	1- Subsidiaries Net carrying amount	1- Subsidiaries Loans and receivables	1- Subsidiaries Revenue	1- Subsidiaries Net income	1- Subsidiaries Dividends received
Publicis Groupe Investments B.V.	Publicis Groupe Investments B.V. Share capital 68,709	Publicis Groupe Investments B.V. Reserves and earnings brought forward 8,981,026	Publicis Groupe Investments B.V. % interest 100.00	Publicis Groupe Investments B.V. Gross carrying amount 5,344,146	Publicis Groupe Investments B.V. Net carrying amount 5,344,146	Publicis Groupe Investments B.V. Loans and receivables 492,558	Publicis Groupe Investments B.V. Revenue -	Publicis Groupe Investments B.V. Net income 696,924	Publicis Groupe Investments B.V. Dividends received 150,000
Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Share capital	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Reserves and earnings brought forward	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht % interest	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Gross carrying amount	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Net carrying amount	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Loans and receivables	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Revenue	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Net income	Joop Geesinkweg 209 1114 AB AmsterdamDuivendrecht Dividends received
MMS France Holdings	MMS France Holdings Share capital 3,500	MMS France Holdings Reserves and earnings brought forward 14,521	MMS France Holdings % interest 100.00	MMS France Holdings Gross carrying amount 274,801	MMS France Holdings Net carrying amount 176,686	MMS France Holdings Loans and receivables 35,328	MMS France Holdings Revenue 18	MMS France Holdings Net income (1911)	MMS France Holdings Dividends received -
133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Share capital	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Reserves and earnings brought forward	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 % interest	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Gross carrying amount	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Net carrying amount	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Loans and receivables	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Revenue	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Net income	133, avenue des Champs-Élysées 75008 Paris France SIREN 444 714 786 Dividends received
Metrobus	Metrobus Share capital 1,840	Metrobus Reserves and earnings brought forward 7,671	Metrobus % interest 32,30	Metrobus Gross carrying amount 17,508	Metrobus Net carrying amount 17,508	Metrobus Loans and receivables -	Metrobus Revenue 190,124	Metrobus Net income 11,050	Metrobus Dividends received 2,907
1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Share capital	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Reserves and earnings brought forward	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 % interest	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Gross carrying amount	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Net carrying amount	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Loans and receivables	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Revenue	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Net income	1, rond-point Victor-Hugo 92 137 Issy les Moulineaux SIREN 327 096 426 Dividends received

(1) Reserves and earnings brought forward, revenue and net income of the subsidiaries reported on the basis of the unaudited preliminary financial statements.

B) General information with regard to all subsidiaries and long-term equity investments

	Subsidiaries		Long-term equity investments
	French	Foreign	French	Foreign
Carrying amount of shares held	Carrying amount of shares held Subsidiaries	Carrying amount of shares held Long-term equity investments
• gross	• gross Subsidiaries 292,535	• gross Long-term equity investments 5,345,362	2	-
• nette	• nette Subsidiaries 194,420	• nette Long-term equity investments 5,345,362	2	-
Amount of dividends received	Amount of dividends received Subsidiaries 53,011	Amount of dividends received Long-term equity investments 150,000	-	-