Cosmetic seller L'Oréal Group announced that its financially report will now with the change in accounting standards, and as confirmed on April 28th 2005 at the presentation of the 2004 consolidated financial statements in accordance with IFRS standards, the L'Oréal group is continuing to improve the quality of its financial information by presenting its profit and loss account according to destination, and by publishing the profitability of each of its divisions.
These items have been subjected to an auditing procedure by the Statutory Auditors.
The changes are presented in detail on the www.loreal-finance.com site, which refers in particular to the following points:
- Profit and loss account: new presentation. - Definition of the items of the profit and loss account. - Profit and loss account by destination: figures for 2004 and the first half of 2004. - Pro forma presentation of 2004 net profit (neutralisation of Sanofi-Aventis deconsolidation). - Presentation of pro forma net profit excluding non-recurrent items. - Profitability of branches and divisions. - Profitability of geographic zones.
Cosmetic group L'Oréal presents in all the countries of the world, today L'Oréal is the most international of all cosmetics groups. With 42 plants worldwide, more than 14,000 employees in manufacturing sites and over 3,9 billion units produced, the industrial organisation of L'Oréal is a dynamic contributor to the group's growth with a key role in ensuring sustainable development.
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