Universal Registration Document 2022

Note 15 Provisions for liabilities and charges

(in thousands of euros)	Amount at January 1, 2022	2022 increase	2022 reversal (used provision)	2022 reversal (unused provision)	Amount at December 31, 2022
Provision for risks on treasury shares and free share grants not yet vested⁽¹⁾	Provision for risks on treasury shares and free share grants not yet vested ⁽¹⁾Amount at January 1, 2022 13,348	Provision for risks on treasury shares and free share grants not yet vested ⁽¹⁾2022 increase -	Provision for risks on treasury shares and free share grants not yet vested ⁽¹⁾2022 reversal (used provision) (5,453)	Provision for risks on treasury shares and free share grants not yet vested ⁽¹⁾2022 reversal (unused provision) -	Provision for risks on treasury shares and free share grants not yet vested ⁽¹⁾Amount at December 31, 2022 7,895
Other provisions for risks	Other provisions for risks Amount at January 1, 2022 2,386	Other provisions for risks 2022 increase 4,316	Other provisions for risks 2022 reversal (used provision) (715)	Other provisions for risks 2022 reversal (unused provision) -	Other provisions for risks Amount at December 31, 2022 5,987
Total	TotalAmount at January 1, 2022 15,734	Total2022 increase 4,316	Total2022 reversal (used provision) (6,168)	Total2022 reversal (unused provision) -	TotalAmount at December 31, 2022 13,882

This provision is made on the one hand to cover the loss resulting from the difference between the subscription price and the cost price of the treasury shares when they have been allocated to the share purchase plans for Groupe employees, and on the other hand to cover the future loss on existing shares under free share plans. It should also be noted that provisions and their reversals relating to costs borne by Publicis Groupe SA in relation to these plans are presented in the income statement under personnel costs in accordance with Notice no. 2008-17 from the French National Accounting Council.

Note 16 Bonds

Category of bond (in thousands of euros)	Number of shares	December 31, 2022	December 31, 2021
Eurobond 2023 – 0.5%	Eurobond 2023 – 0.5% Number of shares 5,000	Eurobond 2023 – 0.5% December 31, 2022 500,000	Eurobond 2023 – 0.5% December 31, 2021 500,000
Eurobond 2024 – 1.625%	Eurobond 2024 – 1.625% Number of shares 6,000	Eurobond 2024 – 1.625% December 31, 2022 600,000	Eurobond 2024 – 1.625% December 31, 2021 600,000
Category of bond (in thousands of euros) Total excluding accrued interest	Number of shares	December 31, 20221,100,000	December 31, 20211,100,000
Accrued interest	Accrued interest Number of shares	Accrued interest December 31, 2022 832	Accrued interest December 31, 2021 832
Balance sheet total	Balance sheet totalNumber of shares	Balance sheet totalDecember 31, 2022 1,100,832	Balance sheet totalDecember 31, 2021 1,100,832

Eurobond 2023 – 0.5%

On November 3, 2016, Publicis Groupe SA issued a fixed-rate bond for euro 500 million, maturing in November 2023 (7 years), with a 0.5% annual coupon.

Eurobond 2024 – 1.625%

This 10-year maturity tranche of euro 600 million and a fixed rate of 1.625% was issued on December 16, 2014 as part of the financing of the Sapient acquisition (the latter having taken place in February 2015). It is fully redeemable at par upon maturity on December 16, 2024.

The Sapient acquisition was also financed by the joint issuance of another euro 700 million tranche of the Eurobond 2021 - 1.125%, which was repaid in full at par at maturity in December 2021.

The bonds issued by the Groupe do not contain any financial covenants. They only include standard credit default event clauses (liquidation, cessation of payment, default on the debt itself or on the repayment of another debt above a given threshold).

Note 17 Bank borrowings and overdrafts

Excluding bonds, there was no outstanding bank and credit institution debt at the end of the financial year.

However, Publicis Groupe SA has confirmed and unused credit lines, as described in Note 20 below.