| (in thousands of euros) | December 31, 2022 | December 31, 2021 |
|---|---|---|
| Long-term borrowing from MMS Multi Euro Services(1) | Long-term borrowing from MMS Multi Euro Services (1)December 31, 2022930,000 |
Long-term borrowing from MMS Multi Euro Services (1)December 31, 2021930,000 |
| Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interest | Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interest December 31, 2022630,341 |
Current accounts, short-term borrowings from MMS Multi Euro Services and accrued interest December 31, 2021161,622 |
| Other creditors | Other creditors December 31, 2022561 |
Other creditors December 31, 2021524 |
| Total | TotalDecember 31, 2022 1,560,902 |
TotalDecember 31, 2021 1,092,146 |
All receivables included in current assets are due to be settled within less than one year.
The maturity statement for liabilities is presented below:
| (in thousands of euros) | Total | Less than 1 year | 1 to 5 years | More than 5 years |
|---|---|---|---|---|
| Bonds | Bonds Total1,100,832 |
Bonds Less than 1 year832 |
Bonds 1 to 5 years1,100,000 |
Bonds More than 5 years- |
| Bank borrowings and overdrafts | Bank borrowings and overdrafts Total- |
Bank borrowings and overdrafts Less than 1 year- |
Bank borrowings and overdrafts 1 to 5 years- |
Bank borrowings and overdrafts More than 5 years- |
| Other financial liabilities | Other financial liabilities Total1,560,902 |
Other financial liabilities Less than 1 year630,341 |
Other financial liabilities 1 to 5 years- |
Other financial liabilities More than 5 years930,561 |
| Trade payables | Trade payables Total2,408 |
Trade payables Less than 1 year2,408 |
Trade payables 1 to 5 years- |
Trade payables More than 5 years- |
| Tax and social liabilities | Tax and social liabilities Total11,195 |
Tax and social liabilities Less than 1 year11,195 |
Tax and social liabilities 1 to 5 years- |
Tax and social liabilities More than 5 years- |
| Other creditors | Other creditors Total327 |
Other creditors Less than 1 year327 |
Other creditors 1 to 5 years- |
Other creditors More than 5 years- |
| Total liabilities | Total liabilitiesTotal 2,675,664 |
Total liabilitiesLess than 1 year 645,103 |
Total liabilities1 to 5 years 1,100,000 |
Total liabilitiesMore than 5 years 930,561 |
The exercise of warrants, which could take place at any time from September 24, 2013 until September 24, 2022, resulted in a capital increase of Publicis Groupe SA. The conversion ratio was adjusted again during the financial year by a factor of 1.164 to reflect the distributions drawn from the Company’s reserves and premiums. After the cancellation of the warrants bought back in previous financial years or exercised since September 24, 2013, Publicis Groupe is no longer committed, as of December 31, 2022, to create new shares as there are no warrants remaining outstanding.
Presentation of the new free share plans for 2022
Five free share plans were created in 2022, with the following features:
Long-term incentive plan known as the “LTI Epsilon 2022 Plan” (March and September 2022)
The plan, set up for the exclusive benefit of Publicis Epsilon managers and employees, includes three tranches subject to a continued presence condition for 20% and financial performance conditions for 80% in respect of 2022. They are deliverable in March 2023 (30% of the shares), March 2024 (30% of the shares) and March 2025 (40% of the shares) and/or September of the same years (depending on the grant date of the shares) in the same proportions.
