Universal Registration Document 2022

6.6 Notes To The Consolidated Financial statements

Note 27 Commitments

/ December 31, 2022

		Maturities
(in millions of euros)	Total	-1 Year	1-5 Years	+5 Years
Commitments given
Guarantees⁽¹⁾	194	46	71	77
Total commitments given	194	46	71	77
Commitments received
Undrawn confirmed credit lines	2,000	-	2,000	-
Other commitments	10	9	-	1
Total commitments received	2,010	9	2,000	1

At December 31, 2022, guarantees included euro 68 million commitments given to tax authorities in Italy as part of debts and receivables VAT recovery procedure, undertakings to pay euro 40 million into Venture Capital Funds by 2031, and euro 13 million relating to media-buying operations.

/ December 31, 2021

		Maturities
(in millions of euros)	Total	-1 Year	1-5 Years	+5 Years
Commitments given
Guarantees⁽¹⁾	217	68	94	55
Total commitments given	217	68	94	55
Commitments received
Undrawn confirmed credit lines	2,244	-	2,244	-
Other commitments	12	8	3	1
Total commitments received	2,256	8	2,247	1

At December 31, 2021, guarantees included euro 71 million commitments given to tax authorities in Italy as part of debts & receivables VAT recovery procedure, undertakings to pay euro 47 million into Venture Capital Funds by 2027, euro 33 million of bank guarantees given to jurisdictions in the context of litigations and also guarantees of euro 12 million relating to media-buying operations.

Obligations related to warrants

The exercise of warrants, which can occur at any time from September 24, 2013 to September 24, 2022, lead to an increase in the Publicis Groupe SA’s capital stock. The conversion ratio to reflect the 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 is, as of December 31, 2022, no longer committed to issuing new shares as there are no longer any warrants outstanding.