Operating income totaled euro 76 million in 2021, compared with euro 61 million in 2020. It is composed by real estate rent and fees for assistance services contracted by Groupe subsidiaries, totaling euro 29 million (compared with euro 25 million in 2020) and pass-through revenue and other income totaling euro 48 million (compared with euro 36 million in 2020).
Operating expenses for the financial year amounted to euro 69 million in 2021 compared with euro 58 million the previous year.
Financial income amounted to euro 106 million at December 31, 2021 compared to euro 184 million the previous year. This decrease is mainly due to the decrease in interest on intra-group loans (euro -69 million) as well as the decrease in dividends received in 2021 (euro -5 million) compared to the previous financial year.
Financial expenses totaled euro 73 million in 2021, compared to euro 128 million the previous year, mainly due to the early unwinding of cross-currency swaps on the 2021 and 2024 Eurobonds in December 2020, the expense of which amounted to euro 38 million in 2020 (including unwinding costs euro 16 million), but also to the financial expenses on the drawdown of the syndicated credit line of euro 2 billion, which amounted to euro 9 million last year as well as interest on medium-term loans repaid in December 2020 and March 2021.
Pre-tax profit was a positive euro 41 million in 2021, compared with a positive euro 59 million the previous financial year.
After inclusion of a euro 6 million (euro 5 million in 2020) income tax credit resulting from tax consolidation in France, Publicis Groupe, the Groupe’s parent company, posted a profit of euro 47 million at December 31, 2021 after euro 64 million at December 31, 2020.
| 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 | |||||||
| Number of invoices involved | - | 33 | |||||
| Total amount of invoices involved, inc. tax (in euros) | - | 1,381 | 1,381 | (6,905) | 160,743 | 156,600 | |
| Percentage of billings, inc. tax, for the financial year | - | 0.00% | 0.00% | (0.01)% | 0.21% | 0.20% | |
| (B) Invoices not included in (A) relating to bad debts and receivables or not recognized | |||||||
| Number of invoices not included | - | ||||||
| Amount of invoices not included (in euros) | - | ||||||
| (C) Reference payment periods used (contractual or legal – article L. 441-6 or article L. 443-1 of the French Commercial Code) | |||||||
| Payment terms used to calculate late payments: | Contractual deadlines shown on our invoices. | ||||||
