Universal Registration Document 2023

Note 8 Income tax

The published income statement shows tax income of euro 12,033 thousand. This amount mainly corresponds to the tax consolidation gain recognized as income in the financial statements of the tax group’s parent company, in accordance with the tax consolidation agreements signed with the member companies, totalling euro 11,678 thousand.

The Company, which is the parent company of the French tax group (comprising 18 entities including Publicis Groupe SA), recorded a tax loss of euro 88,007 thousand in the 2023 financial year.

Tax loss carry forwards of the French tax group, which are time unlimited, amounted to euro 390,635 thousand at December 31, 2023.

Note 9 Non‑current assets

9.1 Intangible assets

There were no acquisitions or disposals during the 2023 financial year. The gross amount at December 31, 2023 stands at euro 3,498 thousand, the same as at December 31 of the previous financial year.

9.2 Property, plant and equipment

In the 2023 financial year, euro 650 thousand were invested in fixtures.

In 2022, investments in fixtures amounted to euro 578 thousand.

9.3 Long‑term equity investments

As of December 31, 2023, long‑term equity investments amounted to euro 5,723,479 thousand versus euro 5,656,681 thousand at December 31, 2022. The provision for impairment amounted to euro 123,115 thousand at December 31, 2023, after an increase of provision of euro 25,000 thousand. The provision amounted to euro 98,115 thousand at December 2022.

The main events concern the capital increases of the subsidiaries MMS France Holdings and Publicis Finance Services (see Note 1 “Significant events of the financial year”).

9.4 Loans and receivables related to long term equity investments