Universal Registration Document 2022

6.6 Notes To The Consolidated Financial statements

Note 28 Financial instruments

Other commitments

As part of the disposal of MMS Communication LLC, the Groupe reached an agreement to buy back 100% of the Company’s share capital. This option is subject to a return to normal operating conditions, taking into account a five-year exercise period starting on March 28, 2024. This period may be extended to 12 years, at the sole discretion of Publicis Groupe.

Given the current conditions, this call option has an insignificant value at the closing date.

The Group holds a call option on the remaining 50.11% of the capital of Core 1 WML, a media agency based in Ireland. The call option is valued at the market price according to the multiples method applied to the operating margin before amortization (as for the acquisition of 33.7% of the capital of Core 1 WML carried out in 2022). As the control premium does not represent a significant value, this call option has a zero value and is therefore not recognized in the accounts as of December 31, 2022.

As of December 31, 2022, 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.

Note 28 Financial instruments

Category of financial instruments

/ At December 31, 2022

Excluding tax claims, advances to suppliers and prepayments (see Note 18).
Excluding advances and deposits received, liabilities to employees and tax liabilities (see Note 25).

(in millions of euros)	Value in balance sheet	Fair value through profit and loss	Amortized cost	Fair value through OCI
Other financial assets	Other financial assetsValue in balance sheet	Other financial assetsFair value through profit and loss	Other financial assetsAmortized cost	Other financial assetsFair value through OCI
Venture Capital Funds	Venture Capital Funds Value in balance sheet 166	Venture Capital Funds Fair value through profit and loss 166	Venture Capital Funds Amortized cost	Venture Capital Funds Fair value through OCI
Unconsolidated securities	Unconsolidated securities Value in balance sheet 12	Unconsolidated securities Fair value through profit and loss 12	Unconsolidated securities Amortized cost	Unconsolidated securities Fair value through OCI
Security deposits	Security deposits Value in balance sheet 48	Security deposits Fair value through profit and loss	Security deposits Amortized cost 48	Security deposits Fair value through OCI
Loans to associates and non-consolidated companies	Loans to associates and non-consolidated companies Value in balance sheet 25	Loans to associates and non-consolidated companies Fair value through profit and loss	Loans to associates and non-consolidated companies Amortized cost 25	Loans to associates and non-consolidated companies Fair value through OCI
Sub-lease receivables	Sub-lease receivables Value in balance sheet 123	Sub-lease receivables Fair value through profit and loss	Sub-lease receivables Amortized cost 123	Sub-lease receivables Fair value through OCI
Other	Other Value in balance sheet 20	Other Fair value through profit and loss	Other Amortized cost 20	Other Fair value through OCI
Trade receivables	Trade receivables Value in balance sheet 12,089	Trade receivables Fair value through profit and loss	Trade receivables Amortized cost 12,089	Trade receivables Fair value through OCI
Other receivables and current assets⁽¹⁾	Other receivables and current assets⁽¹⁾Value in balance sheet	Other receivables and current assets⁽¹⁾Fair value through profit and loss	Other receivables and current assets⁽¹⁾Amortized cost	Other receivables and current assets⁽¹⁾Fair value through OCI
Derivatives hedging current assets and liabilities	Derivatives hedging current assets and liabilities Value in balance sheet 28	Derivatives hedging current assets and liabilities Fair value through profit and loss 28	Derivatives hedging current assets and liabilities Amortized cost	Derivatives hedging current assets and liabilities Fair value through OCI
Derivatives hedging intercompany loans and borrowings	Derivatives hedging intercompany loans and borrowings Value in balance sheet 22	Derivatives hedging intercompany loans and borrowings Fair value through profit and loss 22	Derivatives hedging intercompany loans and borrowings Amortized cost	Derivatives hedging intercompany loans and borrowings Fair value through OCI
Other receivables and current assets	Other receivables and current assets Value in balance sheet 109	Other receivables and current assets Fair value through profit and loss	Other receivables and current assets Amortized cost 109	Other receivables and current assets Fair value through OCI
(in millions of euros) Total financial instruments – assets	Value in balance sheet12,642	Fair value through profit and loss228	Amortized cost12,414	Fair value through OCI-
Long-term borrowings	Long-term borrowings Value in balance sheet 2,989	Long-term borrowings Fair value through profit and loss	Long-term borrowings Amortized cost 2,989	Long-term borrowings Fair value through OCI
Trade payables	Trade payables Value in balance sheet 15,660	Trade payables Fair value through profit and loss	Trade payables Amortized cost 15,660	Trade payables Fair value through OCI
Short-term borrowings	Short-term borrowings Value in balance sheet 627	Short-term borrowings Fair value through profit and loss	Short-term borrowings Amortized cost 627	Short-term borrowings Fair value through OCI
Other creditors and current liabilities⁽²⁾	Other creditors and current liabilities⁽²⁾Value in balance sheet	Other creditors and current liabilities⁽²⁾Fair value through profit and loss	Other creditors and current liabilities⁽²⁾Amortized cost	Other creditors and current liabilities⁽²⁾Fair value through OCI
Derivatives hedging current assets and liabilities	Derivatives hedging current assets and liabilities Value in balance sheet 26	Derivatives hedging current assets and liabilities Fair value through profit and loss 26	Derivatives hedging current assets and liabilities Amortized cost	Derivatives hedging current assets and liabilities Fair value through OCI
Derivatives hedging intercompany loans and borrowings	Derivatives hedging intercompany loans and borrowings Value in balance sheet 128	Derivatives hedging intercompany loans and borrowings Fair value through profit and loss 128	Derivatives hedging intercompany loans and borrowings Amortized cost	Derivatives hedging intercompany loans and borrowings Fair value through OCI
Derivatives hedging Eurobond 2025, 2028 and 2031	Derivatives hedging Eurobond 2025, 2028 and 2031 Value in balance sheet 260	Derivatives hedging Eurobond 2025, 2028 and 2031 Fair value through profit and loss	Derivatives hedging Eurobond 2025, 2028 and 2031 Amortized cost	Derivatives hedging Eurobond 2025, 2028 and 2031 Fair value through OCI 260
Other current liabilities	Other current liabilities Value in balance sheet 149	Other current liabilities Fair value through profit and loss	Other current liabilities Amortized cost 149	Other current liabilities Fair value through OCI
Total financial instruments – liabilities	Total financial instruments – liabilitiesValue in balance sheet 19,839	Total financial instruments – liabilitiesFair value through profit and loss 154	Total financial instruments – liabilitiesAmortized cost 19,425	Total financial instruments – liabilitiesFair value through OCI 260