Publicis Groupe’s revenue is entirely comprised of rental income on real estate and fees for services to the Groupe’s subsidiaries.
Operating income totaled euro 61 million in 2020, compared with euro 54 million in 2019. It is composed by real estate rent and fees for assistance services contracted by Groupe subsidiaries, totaling euro 25 million (compared with euro 27 million in 2019) and pass-through revenue and other income totaling euro 36 million (compared with euro 27 million in 2019).
Operating expenses for the financial year amounted to euro 58 million in 2020 compared with euro 53 million the previous year.
Financial income amounted to 184 million euros at December 31, 2020 compared to 277 million euros the previous year. This decrease is mainly due to lower dividends received (euro 106 million in 2020, compared to euro 203 million in 2019)
Financial expenses totaled euro 128 million in 2020, compared with euro 104 million the previous year. In 2020, they include interest charges on the entire drawdown of the syndicated credit facility, i.e. USD 2.2 billion, from the end of March to the end of June, then USD 1.1 billion until the end of September, and the cost of early unwinding of cross-currency swaps for euro 16 million.
Pre-tax profit was a positive euro 59 million in 2020, compared with a positive euro 174 million the previous year.
After inclusion of a euro 5 million (euro 14 million in 2019) income tax credit resulting from tax consolidation in France, Publicis Groupe, the Groupe’s parent company, posted a profit of euro 64 million at December 31, 2020 after euro 188 million at December 31, 2019.
| Invoices issued and not settled on the reporting date that are past due | |||||
|---|---|---|---|---|---|---|
0 days | 1 to 30 days | 31 to 60 days | 61 to 90 days | 91 days or more | Total (one day or more) | |
(A) Late payment tranches | (A) Late payment tranches Invoices issued and not settled on the reporting date that are past due
| |||||
Number of invoices involved | Number of invoices involved Invoices issued and not settled on the reporting date that are past due 0 | 8 | ||||
Total amount of invoices involved, inc. tax | Total amount of invoices involved, inc. tax Invoices issued and not settled on the reporting date that are past due 0 | 21 032 | 21 032 | 21 032 | 105 162 | 168 259 |
Percentage of billings, inc. tax, for the financial year | Percentage of billings, inc. tax, for the financial year Invoices issued and not settled on the reporting date that are past due 0 | 0,03 % | 0,03 % | 0,03 % | 0,17 % | 0,27 % |
(B) Invoices not included in (A) relating to bad debts and receivables or not recognized | (B) Invoices not included in (A) relating to bad debts and receivables or not recognized Invoices issued and not settled on the reporting date that are past due
| |||||
Number of invoices not included | Number of invoices not included Invoices issued and not settled on the reporting date that are past due 0 | 0 | ||||
Amount of invoices not included | Amount of invoices not included Invoices issued and not settled on the reporting date that are past due 0 | 0 | ||||
(C) Reference payment periods used (contractual or legal – article L. 441-6 or article L. 443-1 of the French Commercial Code) | (C) Reference payment periods used (contractual or legal – article L. 441-6 or article L. 443-1 of the French Commercial Code) Invoices issued and not settled on the reporting date that are past due
| |||||
Payment terms used to calculate late payments: | Payment terms used to calculate late payments: Invoices issued and not settled on the reporting date that are past due Contractual payment terms, i.e. payment at 60 days for clients outside the Groupe and at 30 days for Groupe clients. | |||||
