December 31, 2020 Maturity | ||||
|---|---|---|---|---|
(in millions of euros) | Total | -1 year | 1-5 years | +5 years |
Commitments given | Commitments given
| Commitments given December 31, 2020 Maturity
| ||
Guarantees(1) | Guarantees(1)
248 | Guarantees(1) December 31, 2020 Maturity 67 | 82 | 99 |
Total | Total
248 | Total December 31, 2020 Maturity 67 | 82 | 99 |
Commitments received | Commitments received
| Commitments received December 31, 2020 Maturity
| ||
Undrawn confirmed credit lines | Undrawn confirmed credit lines
2 606 | Undrawn confirmed credit lines December 31, 2020 Maturity 165 | 2 441 | - |
Undrawn unconfirmed credit lines | Undrawn unconfirmed credit lines
224 | Undrawn unconfirmed credit lines December 31, 2020 Maturity 224 | - | - |
Other commitments | Other commitments
18 | Other commitments December 31, 2020 Maturity 12 | 5 | 1 |
Total | Total
2 848 | Total December 31, 2020 Maturity 401 | 2 446 | 1 |
(1) At December 31, 2020, guarantees included undertakings to pay euro 31 million into Venture Capital Funds by 2027. They also included guarantees of approximately euro 16 million relating to media-buying operations.
December 31, 2019 Maturity | ||||
|---|---|---|---|---|
(in millions of euros) | Total | -1 year | 1-5 years | +5 years |
Commitments given | Commitments given
| Commitments given December 31, 2019 Maturity
| ||
Guarantees(1) | Guarantees(1)
215 | Guarantees(1) December 31, 2019 Maturity 50 | 65 | 100 |
Total | Total
215 | Total December 31, 2019 Maturity 50 | 65 | 100 |
Commitments received | Commitments received
| Commitments received December 31, 2019 Maturity
| ||
Undrawn confirmed credit lines | Undrawn confirmed credit lines
2,632 | Undrawn confirmed credit lines December 31, 2019 Maturity 165 | 2,467 | - |
Undrawn confirmed credit lines | Undrawn confirmed credit lines
209 | Undrawn confirmed credit lines December 31, 2019 Maturity 209 | - | - |
Other commitments | Other commitments
15 | Other commitments December 31, 2019 Maturity 6 | 8 | 1 |
Total | Total
2,856 | Total December 31, 2019 Maturity 380 | 2,475 | 1 |
The exercise of warrants, which can occur at any time from September 24, 2013 to September 24, 2022, will lead to an increase in the Publicis Groupe’s capital stock. The conversion ratio was again adjusted during the financial year and represents a factor of 1.081 so as to reflect those distributions drawn from the Company’s reserves and premiums. Following the cancellation of the warrants acquired in previous years or exercised since September 24, 2013, Publicis Groupe was, as of December 31, 2020, committed to issuing (in the event that the 876,315 outstanding stock warrants are exercised) 947,297 shares with a euro 0.40 par value and a euro 30.10 premium.
As of December 31, 2020, there were no significant commitments such as pledges, guarantees or collateral, or any other significant off-balance sheet commitments, in accordance with currently applicable accounting standards.
