(in thousands of euros) | 2020 | 2019 |
Dividends | 105,784 | 203,011 |
Other income from investments | 72,419 | 66,066 |
Investment income | 178,203 | 269,077 |
Other financial income | 3,290 | 464 |
Foreign exchange gains | - | 56 |
Interest and other financial income | 3,290 | 520 |
Amortization of the 2024 swap balancing payment | 2,060 | 416 |
Reversal of impairment for marketable securities | 288 | 7,156 |
Reversal of other financial provisions | 27 | 3 |
Reversal of financial provisions & expense transfers | 2,375 | 7,575 |
Total financial income | 183,868 | 277,172 |
Bond-related amortization | (3,995) | (5,179) |
Increases in provisions for foreign exchange losses | - | (27) |
Increase in provisions for impairment of marketable securities | (45) | (288) |
Increase in other financial provisions | (2) | (2) |
Amortization and increases in provisions | (4,042) | (5,496) |
Bond-related expenses | (45,516) | (47,201) |
Expenses on unwinding of swaps | (16,462) | - |
Charges on the drawdown of the euro 2 billion credit line | (8,818) | - |
Other financial expenses | (53,508) | (51,622) |
Foreign exchange losses | (5) | (101) |
Interest and other financial expenses | (124,309) | (98,924) |
Total financial expenses | (128,351) | (104,420) |
Financial income (expense) | 55,517 | 172,752 |
There were no exceptional items in financial year 2020. This result was also zero in 2019.
The income statement shows a tax income amount of euro 5,132,535. This amount mainly corresponds to the tax consolidation gain recognized as income in the financial statements of the tax group’s parent company, in accordance with the tax consolidation agreements signed with the member companies, totaling euro 4,817,535.
The Company, which is the parent company of the French tax group (comprising 25 entities including Publicis Groupe SA), recorded a tax loss of euro 68,174,466 in 2020.
Tax loss carryforwards of the French tax group, which can be carried forward without any time limit, amounted to euro 312,399,962 at December 31, 2020.
