Impairment losses in the first half of 2019 reached euro 90 million, of which euro 41 million for right-of-use assets and euro 4 million for fixtures. Expenses such as lease expenses and any taxes on vacant properties in the amount of euro 45 million were included in vacant property provisions.
This covers non-recurring income and expenses. This line item mainly includes gains and losses on the disposal of assets.
| (in millions of euros) |
June 30, 2020 (6 months) |
June 30, 2019 (6 months) |
|---|---|---|
| Capital gains (losses) on disposal of assets | Capital gains (losses) on disposal of assets June 30, 2020 (6 months) 2 |
Capital gains (losses) on disposal of assets June 30, 2019 (6 months) 18 |
| Non-current income and (expenses) | Non-current income and (expenses) June 30, 2020 (6 months) 3 |
Non-current income and (expenses) June 30, 2019 (6 months) (1) |
| Total non-current income and (expenses) | Total non-current income and (expenses) June 30, 2020 (6 months) 5 |
Total non-current income and (expenses) June 30, 2019 (6 months) 17 |
In the first half of 2020, euro (2) million in respect of capital losses on asset disposals were related to the sale of Matomy Media Group, and euro 4 million in respect of the fair value adjustment of securities previously held in Sapient.i7 Limited, as part of the Group’s takeover in the first half of 2020.
The other non-current income and (expenses) mainly relate to the extinguishment of a debt from a past acquisition.
In the first half of 2019, capital gains and losses on asset disposals were related to a price adjustment on the sale of Genedigi and the sales of Publicis Health Solutions and Proximedia. The sale of Proximedia resulted in a capital loss of euro 7 million in the first half of 2019.
| (in millions of euros) |
June 30, 2020 (6 months) |
June 30, 2019 (6 months) |
|---|---|---|
| Financial expense | Financial expense June 30, 2020 (6 months) (95) |
Financial expense June 30, 2019 (6 months) (52) |
| Financial income | Financial income June 30, 2020 (6 months) 47 |
Financial income June 30, 2019 (6 months) 67 |
| Cost of net financial debt | Cost of net financial debt June 30, 2020 (6 months) (48) |
Cost of net financial debt June 30, 2019 (6 months) 15 |
| Foreign exchange gains (losses) and change in the fair value of currency derivatives | Foreign exchange gains (losses) and change in the fair value of currency derivatives June 30, 2020 (6 months) 4 |
Foreign exchange gains (losses) and change in the fair value of currency derivatives June 30, 2019 (6 months) 0 |
| Net financial expense related to the discounting of pension provisions | Net financial expense related to the discounting of pension provisions June 30, 2020 (6 months) (3) |
Net financial expense related to the discounting of pension provisions June 30, 2019 (6 months) (4) |
| Interest expense on lease liabilities | Interest expense on lease liabilities June 30, 2020 (6 months) (40) |
Interest expense on lease liabilities June 30, 2019 (6 months) (30) |
| Change in fair value of financial assets | Change in fair value of financial assets June 30, 2020 (6 months) (4) |
Change in fair value of financial assets June 30, 2019 (6 months) 19 |
| Other | Other June 30, 2020 (6 months) (1) |
Other June 30, 2019 (6 months) (1) |
| Other financial income and expenses | Other financial income and expenses June 30, 2020 (6 months) (44) |
Other financial income and expenses June 30, 2019 (6 months) (16) |
| Net financial income (expense) excluding revaluation of earn-out payments | Net financial income (expense) excluding revaluation of earn-out payments June 30, 2020 (6 months) (92) |
Net financial income (expense) excluding revaluation of earn-out payments June 30, 2019 (6 months) (1) |
| (in millions of euros) |
June 30, 2020 (6 months) |
June 30, 2019 (6 months) |
|---|---|---|
| Revaluation of earn-out payments | Revaluation of earn-out payments June 30, 2020 (6 months) 2 |
Revaluation of earn-out payments June 30, 2019 (6 months) (1) |
