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    "unit": "iso4217:EUR"
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  },
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   "value": "658000000",
   "decimals": -6,
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    "entity": "scheme:4N6SD705LP5XZKA2A097",
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  "f117584": {
   "value": "0",
   "decimals": -6,
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   "value": "0",
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    "unit": "iso4217:EUR"
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   "value": "0",
   "decimals": -6,
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    "unit": "iso4217:EUR"
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  },
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   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
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    "unit": "iso4217:EUR"
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   "decimals": -6,
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  },
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   "decimals": -6,
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    "concept": "TEC:IncreaseDecreaseThroughTransfersOfLapsedAwardsBetweenOtherReservesAndRetainedEarnings",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
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   }
  },
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   "decimals": -6,
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    "concept": "TEC:IncreaseDecreaseThroughTransfersOfLapsedAwardsBetweenOtherReservesAndRetainedEarnings",
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    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
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  },
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    "entity": "scheme:4N6SD705LP5XZKA2A097",
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  "pp-value-1-1": {
   "value": "Note 1<span class=\"_ _25\"> </span>Pr<span class=\"_ _0\"></span>\u00e9sentation g\u00e9n\u00e9raleV<span class=\"_ _1\"></span>antiva <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>un <span class=\"_ _64\"> </span><span class=\"ff93b\">leader<span class=\"_ _64\"> </span></span> technologique <span class=\"_ _64\"> </span>mondial <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>conception, <span class=\"_ _60\"> </span>le d\u00e9veloppement <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>fourniture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>produits <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>solutions <span class=\"_ _37\"></span>innovants <span class=\"_ _3b\"></span>qui connectent <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>consommateurs <span class=\"_ _61\"> </span>du <span class=\"_ _46\"> </span>monde <span class=\"_ _61\"> </span>entier <span class=\"_ _46\"> </span>aux <span class=\"_ _61\"> </span>contenus <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>aux services <span class=\"_ _37\"></span>qu\u2019ils <span class=\"_ _37\"></span>aiment, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>ce <span class=\"_ _37\"></span>soit <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>maison, <span class=\"_ _3b\"></span>au <span class=\"_ _37\"> </span>travail <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>autres espaces <span class=\"_ _44\"> </span>intelligents. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _44\"> </span>\u00e9galement <span class=\"_ _47\"> </span>forg\u00e9 <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>solide <span class=\"_ _44\"> </span>r\u00e9putation dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>optimisation <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>performances <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cha\u00eene <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>approvisionnement <span class=\"_ _3\"></span>en tirant <span class=\"_ _3b\"></span>parti <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>son <span class=\"_ _44\"> </span>expertise <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>plusieurs <span class=\"_ _37\"> </span>d\u00e9cennies <span class=\"_ _44\"> </span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"> </span>fabrication, <span class=\"_ _37\"> </span>lalogistique, <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ex\u00e9cution <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>distribution <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>haute <span class=\"_ _37\"></span>pr\u00e9cision. <span class=\"_ _3b\"></span>V<span class=\"_ _f\"></span>oir <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>note <span class=\"_ _3b\"></span>3.1qui d\u00e9taille les segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>notes aux <span class=\"_ _3\"></span>\u00e9tats <span class=\"_ _3\"></span>financiers consolid\u00e9s <span class=\"_ _3\"></span>ci<span class=\"ff93c\">\u2011</span>apr\u00e8s, les <span class=\"_ _3\"></span>termes <span class=\"_ _3\"></span>\u00ab\ue61egroupe V<span class=\"_ _1\"></span>antiva\ue61e\u00bb, \u00ab\ue61ele <span class=\"_ _3\"></span>Groupe\ue61e\u00bb <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00ab\ue61eV<span class=\"_ _1\"></span>antiva\ue61e\u00bb <span class=\"_ _3\"></span>d\u00e9finissent <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales consolid\u00e9es. \u00ab\ue61eV<span class=\"_ _1\"></span>antiva SA\ue61e\u00bb ou <span class=\"_ _3\"></span>\u00ab\ue61ela <span class=\"_ _3\"></span>Soci\u00e9t\u00e9\ue61e\u00bb d\u00e9finissent <span class=\"_ _3\"></span>la soci\u00e9t\u00e9 <span class=\"_ _3\"></span>m\u00e8re du groupeV<span class=\"_ _f\"></span>antiva.1<span class=\"_ _3\"></span>.1<span class=\"_ _ad\"> </span><span class=\"ls0 ws0\">Principaux \u00e9v\u00e9nements de l\u2019<span class=\"_ _1\"></span>exercice</span>1<span class=\"_ _3\"></span>.1<span class=\"_ _3b\"></span>.1<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">Distribution de T<span class=\"_ _1\"></span>CS et refinancement</span>Rappel et pr\u00e9sentation du projetLe <span class=\"_\"> </span>24\ue61ef\u00e9vrier <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_ _46\"> </span>annonc\u00e9 <span class=\"_ _46\"> </span>son <span class=\"_ _46\"> </span>projet <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>se <span class=\"_ _46\"> </span>s\u00e9parer <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creative <span class=\"_\"> </span>Studios <span class=\"_ _46\"> </span><span class=\"ls4d ws4d\">(<span class=\"_ _3b\"></span>TC<span class=\"_ _3b\"></span>S<span class=\"_ _3b\"></span>)<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>en <span class=\"_\"> </span>introduisant <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span>titres <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>sur Eur<span class=\"_ _0\"></span>onext <span class=\"_ _3\"></span>Paris et <span class=\"_ _3\"></span>en distribuant <span class=\"_ _3\"></span>65\ue61e% des <span class=\"_ _3\"></span>titres <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>\u00e0 travers un <span class=\"_ _3\"></span>dividende en <span class=\"_ _6f\"> </span>nature <span class=\"_ _6f\"> </span>aux <span class=\"_ _6f\"> </span>actionnaires <span class=\"_ _6f\"> </span>de <span class=\"_ _6f\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _6f\"> </span>(la <span class=\"_ _6f\"> </span>\u00ab\ue61eDistribution\ue61e\u00bb <span class=\"_ _6f\"> </span>ou \u00ab\ue61e<span class=\"ff93b\">spin</span>\u2011o\ue61f<span class=\"ff93d ls0 ws0\">\ue61e\u00bb). V<span class=\"_ _1\"></span>antiva (anciennement T<span class=\"_ _23\"></span>echnicolor) reste une entit\u00e9 cot\u00e9e sur </span>Eur<span class=\"_ _0\"></span>onext <span class=\"_ _44\"> </span>Paris <span class=\"_ _3b\"></span>et <span class=\"_ _44\"> </span>conservera <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>participation <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>35 <span class=\"_ _37\"> </span>% <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>T<span class=\"_ _f\"></span>echnicolor Creative <span class=\"_ _64\"> </span>Studios <span class=\"_ _65\"> </span>apr<span class=\"_ _0\"></span>\u00e8s <span class=\"_ _65\"> </span>Distribution. <span class=\"_ _64\"> </span>Concomitamment, <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_ _65\"> </span>a annonc\u00e9 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"> </span>intention <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>refinancer <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>structure <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>sa <span class=\"_ _37\"></span>dette <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>l\u2019\u00e9mission d\u2019<span class=\"_ _0\"></span>Obligations Convertibles <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>OCA <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>\u00ab\ue61e<span class=\"ff93b\">Mandatory Convertible <span class=\"ls4 ws4\">No<span class=\"_ _3\"></span>tes</span></span>\ue61e\u00bb, <span class=\"_ _3\"></span>ou MCN) <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>montant <span class=\"_ _37\"></span>total <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>300\ue61emillions <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>dont <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>conversion en <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>deviendrait <span class=\"_ _3\"></span>e\ue61dective <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution. Ces <span class=\"_ _44\"> </span>OCA <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>structurant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>processus <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>Distribution <span class=\"_ _44\"> </span>et sont <span class=\"_\"> </span>soutenues <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>un <span class=\"_ _61\"> </span>ensemble <span class=\"_\"> </span>d\u2019actionnair<span class=\"_ _0\"></span>es <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>se <span class=\"_\"> </span>sont <span class=\"_ _61\"> </span>engag\u00e9s <span class=\"_\"> </span>\u00e0 souscrire \u00e0 l\u2019int\u00e9gralit\u00e9 des OCA.La <span class=\"_ _3b\"></span>transaction <span class=\"_ _3b\"></span>envisag\u00e9e <span class=\"_ _3b\"></span>permet <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>entit\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>poursuivre <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>propre ligne strat\u00e9gique de mani\u00e8re ind\u00e9pendante <span class=\"_ _3\"></span>conform\u00e9ment \u00e0 sa <span class=\"_ _3\"></span>dynamique commerciale et ses <span class=\"_ _3\"></span>fondamentaux financiers sous<span class=\"ff93c\">\u2011</span>jacents, permettant alors de r\u00e9aliser le potentiel de cr\u00e9ation de v<span class=\"_ _0\"></span>aleur<span class=\"_ _0\"></span>.D\u00e9tails de la D<span class=\"_ _0\"></span>istributionV<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>proc\u00e9d\u00e9 <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019introduction <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>bourse <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _61\"> </span>Creative Studios <span class=\"_ _61\"> </span>sur <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>march\u00e9 <span class=\"_ _60\"> </span>r\u00e9glement\u00e9 <span class=\"_ _61\"> </span>Euronext <span class=\"_ _61\"> </span>Paris <span class=\"_ _61\"> </span>simultan\u00e9ment <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la distribution <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>participation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>65 <span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>Creative <span class=\"_ _3\"></span>Studios aux <span class=\"_ _46\"> </span>actionnaires <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>(la <span class=\"_ _61\"> </span>\u00ab\ue61eDistribution\ue61e\u00bb), <span class=\"_\"> </span>op\u00e9ration <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>par erl\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3b\"></span>prospectus <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>et <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>1<span class=\"_ _6f\"> </span>\ue61eao\u00fbt <span class=\"_ _3b\"></span>2022. Les <span class=\"_ _66\"> </span>r\u00e9solutions <span class=\"_ _66\"> </span>permettant <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_ _4c\"> </span>ont <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _66\"> </span>approuv\u00e9es <span class=\"_ _66\"> </span>par l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale extraordinair<span class=\"_ _0\"></span>e du 6\ue61eseptembre 2022.T<span class=\"_ _23\"></span>ous les <span class=\"_ _37\"> </span>actionnaires <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>(alors <span class=\"_ _37\"> </span>d\u00e9nomm\u00e9e <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>echnicolor) <span class=\"_ _37\"> </span>ont <span class=\"_ _44\"> </span>re\u00e7u une action <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor Creative <span class=\"_ _3\"></span>Studios par <span class=\"_ _3\"></span>action V<span class=\"_ _1\"></span>antiva d\u00e9tenue. Cette Distribution <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>nature <span class=\"_ _3b\"></span>a <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>pr\u00e9lev\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"></span>\u00ab\ue61eprimes <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission\ue61e\u00bb de <span class=\"_\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_\"> </span>et <span class=\"_ _47\"> </span>devrait <span class=\"_ _44\"> </span>\u00eatre, <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>point <span class=\"_\"> </span>de <span class=\"_\"> </span>vue <span class=\"_ _44\"> </span>fiscal <span class=\"_\"> </span>fran\u00e7ais, <span class=\"_ _44\"> </span>consid\u00e9r\u00e9e comme <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prime <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>imposable <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>article <span class=\"_\"> </span>112 <span class=\"_\"> </span>du <span class=\"_\"> </span>Code <span class=\"_\"> </span>g\u00e9n\u00e9ral <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>imp\u00f4ts<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Cette <span class=\"_\"> </span>Distribution <span class=\"_\"> </span>ne <span class=\"_\"> </span>devr<span class=\"_ _0\"></span>ait donc <span class=\"_ _61\"> </span>pas <span class=\"_ _46\"> </span>\u00eatre <span class=\"_ _61\"> </span>soumise <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>l\u2019imp\u00f4t <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>France <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>ce <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>titre <span class=\"_ _46\"> </span>d\u2019un pr\u00e9l\u00e8vement <span class=\"_ _37\"> </span>fran\u00e7ais, <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>retenue <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>source <span class=\"_ _37\"> </span>fran\u00e7aise <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>autre <span class=\"_ _44\"> </span>(sous r\u00e9serve de situations particuli\u00e8res).L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>extraordinaire <span class=\"_\"> </span>du <span class=\"_\"> </span>6\ue61eseptembre <span class=\"_\"> </span>2022 <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9galement autoris\u00e9 <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>placement <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>35\ue61e% <span class=\"_ _60\"> </span>restants <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>echnicolor Creative <span class=\"_\"> </span>Studios <span class=\"_ _61\"> </span>dans <span class=\"_ _46\"> </span>une <span class=\"_ _61\"> </span>fiducie<span class=\"ff93c\">\u2011</span>s\u00fbret\u00e9 <span class=\"_\"> </span>au <span class=\"_ _61\"> </span>b\u00e9n\u00e9fice <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>pr\u00eateurs <span class=\"_ _46\"> </span>de premier <span class=\"_ _3\"></span>rang <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>second <span class=\"_ _3b\"></span>rang. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ant <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>cette <span class=\"_ _3b\"></span>fiducie<span class=\"ff93c\">\u2011</span>s\u00fbret\u00e9 <span class=\"_ _3b\"></span>existe, <span class=\"_ _3\"></span>tout produit <span class=\"_\"> </span>issu <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>cession <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tout <span class=\"_\"> </span>ou <span class=\"_\"> </span>partie <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_\"> </span>participation <span class=\"_\"> </span>ser<span class=\"_ _0\"></span>aa\ue61dect\u00e9 au remboursement de la dette<span class=\"_ _0\"></span>.Suite <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3b\"></span>ce <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>s\u00e9paration <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>finalis\u00e9e, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva r\u00e9alise <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>prestations <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>transition <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _60\"> </span></span><span class=\"ff93b\">T<span class=\"_ _f\"></span>ransition </span>Services <span class=\"_ _3\"></span>Agreement<span class=\"_ _3\"></span><span class=\"ff93d\"> (\u00ab\ue61eTSA\ue61e\u00bb) est <span class=\"_ _3b\"></span>g\u00e9r\u00e9 par <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>gouvernance <span class=\"_ _3\"></span>commune <span class=\"_ _3\"></span>et </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">est <span class=\"_ _3b\"></span>engag\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>payer <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>mois <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>part <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>lui <span class=\"_ _3b\"></span>incombant. <span class=\"_ _3b\"></span>La </span>s\u00e9paration <span class=\"_ _3b\"></span>doit <span class=\"_ _3b\"></span>se <span class=\"_ _37\"></span>finaliser <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>mars\ue61e2024 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>tout <span class=\"_ _3b\"></span>\u00e9tat <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>cause <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>plus tard en septembre\ue61e202<span class=\"_ _0\"></span>4.D\u00e9tails du r<span class=\"_ _0\"></span>efinancementCette Distribution <span class=\"_ _3\"></span>a \u00e9t\u00e9 <span class=\"_ _3\"></span>permise <span class=\"_ _3\"></span>par un <span class=\"_ _3\"></span>refinancement <span class=\"_ _3\"></span>levant les <span class=\"_ _3\"></span>obstacles \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>r\u00e9organisation <span class=\"_ _3\"></span>juridique <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>\u00e0 <span class=\"_ _3\"></span>distribuer <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>permettant <span class=\"_ _3\"></span>le financement <span class=\"_ _6f\"> </span>distinct <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>deux <span class=\"_ _6f\"> </span>groupes <span class=\"_ _28\"> </span>et <span class=\"_ _6f\"> </span>la <span class=\"_ _6f\"> </span>recapitalisation. <span class=\"_ _28\"> </span><span class=\"ls4 ws4\">Ce </span>refinancement comprend\ue61e:\u2022l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>obligations <span class=\"_ _3\"></span>convertibles <span class=\"_ _3b\"></span>(les <span class=\"_ _3b\"></span>MCN <span class=\"_ _3\"></span>\u00ab\ue61e<span class=\"ff93b\">Mandatory <span class=\"_ _3b\"></span>Convertible </span>Notes<span class=\"ff93d ls0 ws0\">\ue61e\u00bb) <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>montant <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>300\ue61emillions <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _65\"> </span>sous <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>forme </span>d\u2019<span class=\"_ _0\"></span>\u00e9missions <span class=\"_ _65\"> </span>r\u00e9serv\u00e9es <span class=\"_ _65\"> </span>distinctes. <span class=\"_ _65\"> </span>Angelo <span class=\"_ _65\"> </span>Gor<span class=\"_ _0\"></span>don, <span class=\"_ _65\"> </span>Bpifrance <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>un ensemble <span class=\"_ _60\"> </span>d\u2019actionnair<span class=\"_ _0\"></span>es <span class=\"_ _64\"> </span>s\u00e9lectionn\u00e9s <span class=\"_ _60\"> </span>ont <span class=\"_ _64\"> </span>souscrit <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>l\u2019int\u00e9gralit\u00e9 <span class=\"_ _60\"> </span>des MCN. <span class=\"_ _64\"> </span>Les <span class=\"_ _60\"> </span>MCN <span class=\"_ _64\"> </span>seront <span class=\"_ _60\"> </span>converties <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>actions <span class=\"_ _64\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _64\"> </span>si <span class=\"_ _60\"> </span>une assembl\u00e9e <span class=\"_ _6c\"> </span>g\u00e9n\u00e9rale <span class=\"_ _2a\"> </span>approuve <span class=\"_ _2a\"> </span>la <span class=\"_ _6c\"> </span>Distribution, <span class=\"_ _2a\"> </span>et <span class=\"_ _2a\"> </span>le <span class=\"_ _2a\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>d\u00e9cide <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>telle <span class=\"_ _3b\"></span>Distribution. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de 2,60\ue61eeuros <span class=\"_\"> </span>par <span class=\"_\"> </span>action <span class=\"_\"> </span>est <span class=\"_\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>une <span class=\"_\"> </span>d\u00e9cote <span class=\"_\"> </span>de <span class=\"_\"> </span>5 <span class=\"_\"> </span>% <span class=\"_\"> </span>par <span class=\"_\"> </span>rapport <span class=\"_\"> </span>au VW<span class=\"_ _0\"></span>AP <span class=\"_ _44\"> </span>(\u00ab\ue61ePrix <span class=\"_ _37\"></span>moyen <span class=\"_ _37\"> </span>pond\u00e9r\u00e9 <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>volume\ue61e\u00bb) <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"> </span>3 <span class=\"_ _44\"> </span>mois <span class=\"_ _37\"> </span>de l\u2019<span class=\"_ _0\"></span>action <span class=\"_ _37\"></span>ordinaire <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _37\"> </span>au <span class=\"_ _37\"> </span>23\ue61ef\u00e9vrier <span class=\"_ _37\"> </span>2022. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _37\"> </span></span>caract\u00e8re <span class=\"_ _37\"></span>\u00e9quitable des <span class=\"_ _3b\"></span>conditions <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>conversion <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>OCA <span class=\"_ _37\"> </span>a <span class=\"_ _37\"></span>fait <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _3b\"></span>avis <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9quit\u00e9 \u00e9tabli <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>Finexsi <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>sa <span class=\"_ _37\"> </span>qualit\u00e9 <span class=\"_ _37\"> </span>d\u2019expert <span class=\"_ _3b\"></span>financier <span class=\"_ _37\"> </span>ind\u00e9pendant <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 mis <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>disposition <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>amont <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>vote <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>actionnaires <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e g\u00e9n\u00e9rale <span class=\"_ _6c\"> </span>extraordinaire <span class=\"_ _6c\"> </span>du <span class=\"_ _6c\"> </span>6\ue61emai <span class=\"_ _6c\"> </span>2022. <span class=\"_ _2a\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _2a\"> </span>g\u00e9n\u00e9rale extraordinair<span class=\"_ _0\"></span>e <span class=\"_ _44\"> </span>a <span class=\"_ _37\"></span>approuv\u00e9 cette <span class=\"_ _37\"></span>\u00e9mission. <span class=\"_ _37\"> </span>Les <span class=\"_ _37\"></span>MCN <span class=\"_ _37\"> </span>ont <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>\u00e9mises <span class=\"_ _3b\"></span>le 15\ue61eseptembre 2022 et, au vu <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>approbation de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale et de <span class=\"_ _46\"> </span>l\u2019acceptation <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>Eur<span class=\"_ _0\"></span>onext <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _46\"> </span>cotation <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span></span>converties <span class=\"_\"> </span>le 22\ue61eseptembre 2022 par d\u00e9cision du Conseil d\u2019<span class=\"_ _1\"></span>administration\ue61e;\u2022la <span class=\"_ _37\"> </span>mise <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>place <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>15\ue61eseptembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>deux <span class=\"_ _44\"> </span>financements <span class=\"_ _37\"></span>distincts pour <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et V<span class=\"_ _1\"></span>antiva\ue61e:\u2022pour <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _3b\"></span>Barclays <span class=\"_ _3b\"></span>Bank <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>Angelo <span class=\"_ _37\"></span>Gordon <span class=\"_ _3b\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>engag\u00e9s <span class=\"_ _3b\"></span>sur un <span class=\"_\"> </span>financement <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>375\ue61emillions <span class=\"_ _46\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_\"> </span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>parall\u00e8le, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a prolong\u00e9 la ligne de <span class=\"_ _3\"></span>cr\u00e9dit W<span class=\"_ _1\"></span>ells <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>argo de 4 <span class=\"_ _3\"></span>ann\u00e9es suppl\u00e9mentaires\ue61e; les d\u00e9tails de ce financement sont pr\u00e9sent\u00e9s en note 8,\u2022T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _44\"> </span>Creative <span class=\"_ _44\"> </span>Studios <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>contract\u00e9 <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>dette <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>taux <span class=\"_ _44\"> </span>variable (F<span class=\"_ _0\"></span>irst <span class=\"_ _44\"> </span>Lien <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>erm <span class=\"_ _3b\"></span>Facility<span class=\"ff93d\">) <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>623\ue61emillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _37\"></span>compos\u00e9e <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>deux </span>tranches<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>tranche <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>563\ue61emillions <span class=\"_ _60\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>tranche <span class=\"_ _61\"> </span>de 60\ue61emillions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3\"></span>US. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En <span class=\"_ _3b\"></span></span>outre<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>a <span class=\"_ _3\"></span>obtenu <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>engagements concernant une facilit\u00e9 de cr\u00e9dit renouv<span class=\"_ _0\"></span>elable de 40<span class=\"ff93c\">\u202f</span>millions d\u2019eur<span class=\"_ _0\"></span>os.Finalisation de la distribution en Nature de 65 % de\ue61fT<span class=\"_ _45\"></span>echnicolor Creative Studios\u2022le <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>12\ue61fseptembre <span class=\"_\"> </span>2022 <span class=\"_ _46\"> </span>a <span class=\"_ _46\"> </span>confirm\u00e9 <span class=\"_ _46\"> </span>que <span class=\"_\"> </span>la Distribution <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>Nature <span class=\"_ _65\"> </span>serait <span class=\"_ _66\"> </span>imput\u00e9e <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>le <span class=\"_ _66\"> </span>compte <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>primes d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>un <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>1,9539\ue61feuros <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>action. Ce <span class=\"_ _44\"></span>montant <span class=\"_ _37\"></span>r\u00e9sulte <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _44\"></span>valeur <span class=\"_ _37\"></span>globale <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _44\"> </span></span>fix\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"></span>le <span class=\"_ _37\"></span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _65\"> </span>compte <span class=\"_ _66\"> </span>tenu <span class=\"_ _65\"> </span>des <span class=\"_ _66\"> </span>trav<span class=\"_ _0\"></span>aux <span class=\"_ _66\"> </span>et <span class=\"_ _65\"> </span>des conclusions <span class=\"_\"> </span>du <span class=\"_ _47\"> </span>cabinet <span class=\"_\"> </span>F<span class=\"_ _0\"></span>inexsi, <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>expert <span class=\"_\"> </span>ind\u00e9pendant <span class=\"_\"> </span>d\u00e9sign\u00e9 <span class=\"_ _44\"> </span>aux <span class=\"_\"> </span>fins d\u2019<span class=\"_ _0\"></span>\u00e9valuer <span class=\"_\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S,<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>divis\u00e9e <span class=\"_ _47\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>nombre <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>en circulation (\u00e0 savoir 546\ue61f681\ue61f915 actions).\u2022le <span class=\"_ _37\"></span>prix <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>r\u00e9f\u00e9rence <span class=\"_ _37\"></span>technique <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>chaque <span class=\"_ _44\"></span>action <span class=\"_ _37\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>communiqu\u00e9 <span class=\"_ _37\"></span>\u00e0 Eur<span class=\"_ _0\"></span>onext <span class=\"_ _64\"> </span>Paris <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ouverture <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>s\u00e9ance <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>bourse <span class=\"_ _60\"> </span>du 27\ue61fseptembre 2022, <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>1,9539\ue61feuros par <span class=\"_ _3\"></span>action. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _3\"></span></span>prix de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9f\u00e9rence <span class=\"_\"> </span>technique <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>purement <span class=\"_\"> </span>indicatif <span class=\"_ _47\"> </span>et <span class=\"_ _47\"> </span>ne <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>utilis\u00e9 pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>n\u00e9gociation <span class=\"_ _3b\"></span>futur <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _37\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _37\"></span></span></span>prix de <span class=\"_ _65\"> </span>1,9539\ue61feur<span class=\"_ _0\"></span>os <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>devra <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>ailleurs <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>retenu <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>les actionnaires de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">re\u00e7ues dans <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cadre de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution en <span class=\"_ _3b\"></span>Natur<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vente </span>ult\u00e9rieure de ces actions.\u2022la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>distribution <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>fix\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>27\ue61fseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Conseil d\u2019<span class=\"_ _0\"></span>administration du <span class=\"_ _3\"></span>22\ue61fseptembre <span class=\"_ _3\"></span>2022. <span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>r\u00e9glement<span class=\"ff945\">\u2011</span>livraison <span class=\"_ _3\"></span>des titres a \u00e9t\u00e9 finalis\u00e9 le 29\ue61fseptembre 2022.Pr\u00e9sentation dans les comptesLe <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9sente <span class=\"_\"> </span>donc <span class=\"_ _44\"></span>les <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _47\"> </span></span>en <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>en cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>traitement <span class=\"_ _3\"></span>comptable et <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>impacts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution sont <span class=\"_ _37\"></span>pr\u00e9sent\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>note <span class=\"_ _37\"></span>2.2.<span class=\"_ _3\"></span>2. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"></span>\u00e9l\u00e9ments <span class=\"_ _37\"></span>relatifs <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>activit\u00e9s <span class=\"_ _37\"></span>arr\u00eat\u00e9es ou en cours de cession sont pr\u00e9sent\u00e9s en note 12.Changement de d\u00e9nomination sociale et gouvernance du nouveau GroupeLe <span class=\"ls0 ws0\">14\ue61fjuin <span class=\"_ _3\"></span>2022, le Groupe a annonc\u00e9 <span class=\"_ _3\"></span>le lancement de <span class=\"_ _3\"></span>sa nouvelle marque\ue61f: </span>V<span class=\"_ _1\"></span>antiva. La <span class=\"_ _3\"></span>nouvelle <span class=\"_ _3\"></span>marque <span class=\"_ _3\"></span>comprend les <span class=\"_ _3\"></span>divisions <span class=\"_ _3\"></span>Maison <span class=\"_ _3\"></span>Connect\u00e9e <span class=\"_ _3\"></span>et Solutions Logistiques (SCS) <span class=\"_ _3\"></span>(pr\u00e9c\u00e9demment nomm\u00e9e \u00ab\ue61fServices DVD\ue61f\u00bb). Le <span class=\"ls0 ws0\">changement <span class=\"_ _3\"></span>de d\u00e9nomination sociale de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"ls4 ws4\">SA </span>en <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"ls4 ws4\">SA </span></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>soumis <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>approuv\u00e9 <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actionnaires <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _37\"></span>SA, <span class=\"_ _37\"></span>lors <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du 6\ue61fseptembre 2022.GouvernanceLe <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>ailleurs <span class=\"_ _61\"> </span>identifi\u00e9 <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>nouveaux <span class=\"_ _61\"> </span>membres <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Conseil </span>d\u2019<span class=\"_ _0\"></span>administration\ue61f:\u2022Richard <span class=\"_ _37\"></span>Moat, <span class=\"_ _44\"> </span>ancien <span class=\"_ _44\"></span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _44\"> </span>g\u00e9n\u00e9ral <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _f\"></span>echnicolor<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>nomm\u00e9 Pr\u00e9sident de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022Luis <span class=\"_ _28\"> </span>Martinez<span class=\"ff945\">\u2011</span>Amago, <span class=\"_ _28\"> </span>ancien <span class=\"_ _62\"> </span>Pr\u00e9sident <span class=\"_ _28\"> </span>de <span class=\"_ _62\"> </span>la <span class=\"_ _62\"> </span>division <span class=\"_ _62\"> </span>Maison Connect\u00e9e<span class=\"_ _0\"></span>, a \u00e9t\u00e9 nomm\u00e9 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>irecteur g\u00e9n\u00e9ral.1.<span class=\"_ _0\"></span>1.2Cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de MarquesV<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>conclu <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>31\ue61fmai <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ses <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>Licences <span class=\"_ _3b\"></span>de Marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>par <span class=\"_ _4c\"> </span>cons\u00e9quent <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _4c\"> </span>a <span class=\"_ _4c\"> </span>pr\u00e9sent\u00e9 <span class=\"_ _4c\"> </span>ces <span class=\"_ _4c\"> </span>activit\u00e9s <span class=\"_ _4c\"> </span>en \u00ab\ue61fop\u00e9rations <span class=\"_ _64\"> </span>arr\u00eat\u00e9es <span class=\"_ _60\"> </span>ou <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>cours <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cession\ue61f\u00bb <span class=\"_ _60\"> </span>r\u00e9trospectivement <span class=\"_ _64\"> </span>au er\ue61f1<span class=\"_ _6c\"> </span>janvier 2021.Les impacts sont pr\u00e9sent\u00e9s en note 2.1.<span class=\"_ _0\"></span>1.3A<span class=\"_ _0\"></span>vertissement sur r\u00e9sultat de T<span class=\"_ _1\"></span>CSLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">15\ue61fnovembre 2022, le <span class=\"_ _3\"></span>Groupe <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>a <span class=\"_ _3\"></span>r\u00e9vis\u00e9 \u00e0 <span class=\"_ _3\"></span>la baisse <span class=\"_ _3\"></span>ses pr\u00e9visions de </span>r\u00e9sultat <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>2022 <span class=\"_\"> </span>et <span class=\"_ _61\"> </span>2023. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>30\ue61fnovembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _46\"> </span></span>a <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>ailleurs annonc\u00e9 <span class=\"_ _61\"> </span>qu\u2019il <span class=\"_ _60\"> </span>pourrait <span class=\"_ _61\"> </span>faire <span class=\"_ _60\"> </span>face <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>des <span class=\"_ _61\"> </span>probl\u00e8mes <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>liquidit\u00e9 <span class=\"_ _61\"> </span>d\u00e8s <span class=\"_ _60\"> </span>le deuxi\u00e8me <span class=\"_ _44\"> </span>trimestre <span class=\"_ _44\"></span>de <span class=\"_ _44\"></span>2023. <span class=\"_ _44\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>7\ue61ff\u00e9vrier <span class=\"_ _44\"> </span>2023, <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _44\"></span></span>a <span class=\"_ _44\"></span>d\u00e9clar\u00e9 <span class=\"_ _37\"></span>avoir <span class=\"_ _44\"> </span>des discussions <span class=\"_ _37\"></span>constructives <span class=\"_ _44\"> </span>avec <span class=\"_ _37\"></span>ses <span class=\"_ _44\"> </span>cr\u00e9anciers <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>certains <span class=\"_ _37\"></span>actionnaires <span class=\"_ _44\"> </span>cl\u00e9s pour <span class=\"_ _37\"></span>r\u00e9pondre <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"> </span>ses <span class=\"_ _44\"></span>besoins <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>financements <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"> </span>le <span class=\"_ _44\"></span>deuxi\u00e8me <span class=\"_ _37\"></span>trimestre 2023.En <span class=\"_ _6f\"> </span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _6f\"> </span>le <span class=\"_ _6f\"> </span>Groupe <span class=\"_ _6f\"> </span>a <span class=\"_ _6f\"> </span>comptabilis\u00e9 <span class=\"_ _6f\"> </span>une <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _6f\"> </span>de </span>311\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros de sa participation dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S.</span>Le <span class=\"_\"> </span><span class=\"ls0 ws0\">8\ue61fmars <span class=\"_ _44\"> </span>2023, <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _47\"> </span></span>a <span class=\"_ _44\"> </span>annonc\u00e9 <span class=\"_\"> </span>un <span class=\"_\"> </span>accord <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>principe <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_\"> </span>un </span>financement <span class=\"_\"> </span>adapt\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>leur <span class=\"_ _47\"> </span>besoins<span class=\"_ _0\"></span>, <span class=\"_\"> </span>plus <span class=\"_\"> </span>amplement <span class=\"_ _44\"> </span>d\u00e9taill\u00e9 <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>note <span class=\"_ _44\"> </span>13 \u00ab\ue61f\u00c9v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tur<span class=\"_ _0\"></span>e\ue61f\u00bb.1.<span class=\"_ _0\"></span>1.4Envir<span class=\"_ _0\"></span>onnement \u00e9conomiqueBien que l\u2019<span class=\"_ _0\"></span>activit\u00e9 n\u2019<span class=\"_ _0\"></span>ait pas d\u2019actifs ni de clients ou de fournisseurs directs en Russie <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>Ukraine, <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>con\ufb02it <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>cours <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>une <span class=\"_ _65\"> </span>incertitude suppl\u00e9mentaire <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>d\u2019appr<span class=\"_ _0\"></span>ovisionnement <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>Maison <span class=\"_ _37\"></span>Connect\u00e9e. Cela a entra\u00een\u00e9 une augmentation des d\u00e9lais de transit pour certains clients europ\u00e9ens<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>transitaient <span class=\"_ _3\"></span>auparavant <span class=\"_ _3\"></span>par voie ferroviair<span class=\"_ _0\"></span>e <span class=\"ff944\">via</span> la Russie, transitent d\u00e9sormais par voie maritime<span class=\"_ _0\"></span>.1.2<span class=\"_ _7d\"> </span>Description des principes comptables appliqu\u00e9s p<span class=\"_ _0\"></span>ar le Groupe1.2.<span class=\"_ _0\"></span>1<span class=\"_ _175\"> </span>Principes d\u2019<span class=\"_ _1\"></span>\u00e9laborationCes <span class=\"_ _44\"></span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9par\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>conformit\u00e9 <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>les normes <span class=\"_ _6f\"> </span>comptables <span class=\"_ _6f\"> </span>internationales <span class=\"_ _4c\"> </span>(International <span class=\"_ _6f\"> </span>F<span class=\"_ _0\"></span>inancial <span class=\"_ _6f\"> </span>Reporting Standards, <span class=\"_\"> </span>\u00ab\ue61fIFRS\ue61f\u00bb) <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>vigueur <span class=\"_\"> </span>au <span class=\"_ _46\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>adopt\u00e9es <span class=\"_ _46\"> </span>par l\u2019Union E<span class=\"_ _0\"></span>urop\u00e9enne au 9\ue61fmars 2023.Les <span class=\"_ _6c\"> </span>normes <span class=\"_ _2a\"> </span>comptables <span class=\"_ _2a\"> </span>internationales <span class=\"_ _2a\"> </span>approuv\u00e9es <span class=\"_ _6c\"> </span>par l\u2019Union Eur<span class=\"_ _0\"></span>op\u00e9enne <span class=\"_ _b\"> </span>sont <span class=\"_ _1a\"> </span>disponibles <span class=\"_ _b\"> </span>sur <span class=\"_ _1a\"> </span>le <span class=\"_ _b\"> </span>site <span class=\"_ _1a\"> </span>suivant\ue61f: <span class=\"_ _b\"> </span>https:/<span class=\"_ _0\"></span>/finance.<span class=\"_ _0\"></span>ec.europa.eu/capital<span class=\"ff945\">\u2011</span>mark<span class=\"_ _0\"></span>ets<span class=\"ff945\">\u2011</span>union<span class=\"ff945\">\u2011</span>and<span class=\"ff945\">\u2011</span>financial<span class=\"ff945\">\u2011</span>markets/company<span class=\"ff945\">\u2011</span>reporting<span class=\"ff945\">\u2011</span>and<span class=\"ff945\">\u2011</span>auditing/company<span class=\"ff945\">\u2011</span>reporting/financial<span class=\"ff945\">\u2011</span>reporting_en#ifrsCes <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"></span>sont <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _37\"></span>en\ue61feuros <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>sauf <span class=\"_ _44\"> </span>indication <span class=\"_ _44\"></span>contrair<span class=\"_ _0\"></span>e, arrondis <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>million <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>plus <span class=\"_ _37\"></span>proche. <span class=\"_ _3b\"></span>Cela <span class=\"_ _37\"></span>peut, <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>certains <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>figure, conduire <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>\u00e9carts <span class=\"_ _44\"></span>non <span class=\"_ _37\"></span>mat\u00e9riels <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>somme <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>sous<span class=\"ff945\">\u2011</span>totaux corresponde au total figurant dans les tableaux.Les <span class=\"_ _64\"> </span>comptes <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>ont <span class=\"_ _64\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>arr\u00eat\u00e9s <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _64\"> </span></span>le <span class=\"_ _64\"> </span>9\ue61fmars <span class=\"_ _64\"> </span>2023. <span class=\"_ _64\"> </span>Conform\u00e9ment <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>la l\u00e9gislation <span class=\"_ _65\"> </span>fran\u00e7aise<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>ser<span class=\"_ _0\"></span>ont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s comme <span class=\"_\"> </span>d\u00e9finitifs <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_\"> </span>auront <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>approuv<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actionnaires <span class=\"_ _44\"> </span>du Groupe lors de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale des actionnaires<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>principes <span class=\"_ _46\"> </span>comptables <span class=\"_ _46\"> </span>suivis <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_\"> </span>sont <span class=\"_ _61\"> </span>identiques <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>ceux appliqu\u00e9s <span class=\"_ _44\"></span>pour <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>pr\u00e9paration <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>Groupe l\u2019<span class=\"_ _0\"></span>ann\u00e9e <span class=\"_ _6b\"> </span>pr\u00e9c\u00e9dente <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _6b\"> </span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _6b\"> </span>des <span class=\"_ _6c\"> </span>normes<span class=\"_ _0\"></span>, <span class=\"_ _6c\"> </span>amendements <span class=\"_ _6b\"> </span>et interpr\u00e9tations suivants qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 appliqu\u00e9s <span class=\"_ _3\"></span>pour la <span class=\"_ _3\"></span>premi\u00e8re fois <span class=\"_ _3\"></span>en 2022 (voir note 1.2.2.1).Les <span class=\"_ _46\"> </span>comptes <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>arr\u00eat\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>application <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>principe <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>continuit\u00e9 d'exploitation <span class=\"_ _60\"> </span>apr\u00e8s <span class=\"_ _60\"> </span>examen, <span class=\"_ _60\"> </span>notamment, <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>pr\u00e9visions <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie \u00e9tablies pour les 12 prochains mois<span class=\"_ _0\"></span>.\ue61f\ue61fCes <span class=\"_ _44\"> </span>pr\u00e9visions, <span class=\"_ _44\"> </span>\u00e9tablies <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>un <span class=\"_ _44\"> </span>contexte <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>variabilit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>besoins <span class=\"_\"> </span>en fonds de roulement propr<span class=\"_ _0\"></span>es \u00e0 l'activit\u00e9 \u00e0 fort volume du Groupe :\u2022int\u00e8grent l'extension en 2022 de la ligne W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo ;\u2022prennent <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>f<span class=\"_ _3\"></span>lux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>d'exploitation <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>des clients et partenaires comme <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>dans le cadre du <span class=\"ls7 ws7\">TSA ;</span>\u2022\ue61fet <span class=\"_\"> </span>s'appuient <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>la <span class=\"_\"> </span>capacit\u00e9 <span class=\"_ _46\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>poursuivre, <span class=\"_\"> </span>si <span class=\"_\"> </span>et <span class=\"_\"> </span>lorsque n\u00e9cessaire<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>lissage <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>besoin <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>fonds <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>roulement <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>avec ses clients et fournisseurs.1.2.2<span class=\"_ _86\"> </span>T<span class=\"_ _45\"></span>ransition IFRS et nouvelles normeser1.2.2.1<span class=\"_ _187\"> </span>Normes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations entrant en vigueur et appliqu\u00e9s au 1<span class=\"_ _6b\"> </span>\ue61fjanvier 2022erNormes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations entrant en vigueur et appliqu\u00e9s au 1<span class=\"_ _62\"> </span>\ue61fjanvier 2022Nouvelles normes et interpr\u00e9tations<span class=\"_ _108\"> </span>Principales dispositionsAmendements \u00e0 IAS\ue66216\ue662\u2013 Produits accessoires av<span class=\"_ _0\"></span>ant mise en ser<span class=\"_ _3\"></span>vice<span class=\"_ _ac\"> </span><span class=\"ff94d\">IAS\ue61f16 pose les principes de reconnaissance et d\u2019<span class=\"_ _0\"></span>\u00e9valuation d\u2019une </span>immobilisation corporelle en tant qu\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.Les amendements interdisent \u00e0 une entit\u00e9 de d\u00e9duire les pr<span class=\"_ _0\"></span>oduits g\u00e9n\u00e9r\u00e9s par une immobilisation\ue61fpendant son transfert sur site ou pendant sa mise en \u00e9tat,\ue61fen moins du co\u00fbt de l\u2019immobilisation.\ue61fA la place, l\u2019<span class=\"_ _1\"></span>entit\u00e9 devra comptabiliser ces produits de la vente et les co\u00fbts correspondants en r<span class=\"_ _0\"></span>\u00e9sultat.Amendement \u00e0 IAS\ue66237\ue662\u2013 Contrats d\u00e9\ue75ccitaires \u2013 C<span class=\"_ _0\"></span>o\u00fbts d\u2019ex<span class=\"_ _0\"></span>\u00e9cution Les co\u00fbts d\u2019<span class=\"_ _0\"></span>ex\u00e9cution comprennent les cours marginaux d\u2019<span class=\"_ _1\"></span>ex\u00e9cution du contrat d\u2019un\ue662contrat(<span class=\"ff94e lsb2 wsb2\">e.g<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span></span> main d\u2019<span class=\"_ _0\"></span>\u0153uvre et co\u00fbts des mati\u00e8res premi\u00e8res) ainsi qu\u2019une allocation des autres co\u00fbts directement li\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>ex\u00e9cution des contrats (e.q. quote<span class=\"_ _0\"></span><span class=\"ff94f\">\u2011<span class=\"ff94d\">part </span></span>d\u2019<span class=\"_ _0\"></span>amortissements des immobilisations utilis\u00e9es, entre autres<span class=\"_ _0\"></span>, pour ex\u00e9cuter le contrat).Amendements \u00e0 IFRS\ue6629 et IFRS\ue66216\ue662:<span class=\"_ _174\"> </span>IFRS\ue6629\ue662<span class=\"ff94d\">: cette norme impose \u00e0 une entit\u00e9 de d\u00e9comptabiliser un passif </span>financier et de comptabiliser un nouveau passif financier lorsqu\u2019il y a un \u00e9change entre un emprunteur existant et le pr\u00eateur d\u2019instruments de dette avec des termes substantiellement di\ue61d\u00e9rents (y compris une modification substantielle des termes d\u2019un passif financier existant ou d\u2019une partie de celui<span class=\"ff94f\">\u2011</span>ci).\ue61fLes conditions sont substantiellement di\ue61d\u00e9rentes si la valeur actuelle actualis\u00e9e des \ufb02ux de tr\u00e9sorerie restants selon les nouv<span class=\"_ _0\"></span>elles conditions di\ue61d\u00e8re d\u2019<span class=\"_ _0\"></span>au moins 10 % de la valeur actuelle actualis\u00e9e des \ufb02ux de tr\u00e9sorerie r<span class=\"_ _0\"></span>estants du passif financier initial (test de \u00ab\ue61f10\ue61f%\ue61f\u00bb)\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>amendement clarifie les frais qu\u2019une entit\u00e9 inclut lorsqu\u2019<span class=\"_ _0\"></span>elle applique le crit\u00e8re des \u00ab\ue61f10 % \u00bb pour d\u00e9terminer s\u2019il convient de d\u00e9comptabiliser un passif financier<span class=\"_ _0\"></span>.\ue61f\u2022\ue61fUne entit\u00e9 inclut uniquement les honoraires p<span class=\"_ _0\"></span>ay\u00e9s ou re\u00e7us entre l\u2019<span class=\"_ _0\"></span>entit\u00e9 (l\u2019<span class=\"_ _0\"></span>emprunteur) et le pr\u00eateur<span class=\"_ _0\"></span>, y compris les honoraires pay\u00e9s ou r<span class=\"_ _0\"></span>e\u00e7us soit par l\u2019<span class=\"_ _0\"></span>entit\u00e9, soit par le pr\u00eateur pour le compte de l\u2019<span class=\"_ _1\"></span>autre.IFRS\ue66216\ue662:L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exemple illustratif 13 d\u2019IFRS\ue61f16 explique le remboursement relatif aux co\u00fbts d\u2019<span class=\"_ _0\"></span>agencement incombant au locataire. L<span class=\"_ _f\"></span>\u2019exemple n\u2019<span class=\"_ _1\"></span>explique pas assez clairement la conclusion quant \u00e0 savoir si le remboursement r<span class=\"_ _0\"></span>\u00e9pondrait \u00e0 la d\u00e9finition d\u2019un all\u00e8gement de loyer selon la norme IFRS\ue61f16.\u2022P<span class=\"_ _0\"></span>our lever toute confusion potentielle concernant le traitement des all\u00e9gements de loyer<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _0\"></span>amendement supprime d\u00e9sormais l\u2019illustration du remboursement des agencements.\u2022Comme l\u2019<span class=\"_ _0\"></span>amendement \u00e0 IFRS\ue61f16 ne concerne qu\u2019un exemple illustratif (partie non obligatoire des IFRS), aucune date d\u2019<span class=\"_ _0\"></span>entr\u00e9e en vigueur n\u2019<span class=\"_ _0\"></span>est indiqu\u00e9e.\ue61fAucun <span class=\"_\"> </span>impact <span class=\"_ _46\"> </span>significatif <span class=\"_ _46\"> </span>n\u2019a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>identifi\u00e9 <span class=\"_ _46\"> </span>r\u00e9sultant <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>l\u2019application <span class=\"_\"> </span>des 1.2.2.<span class=\"_ _3\"></span>2Principales normes<span class=\"_ _0\"></span>, modifications et interpr\u00e9tations normes ci<span class=\"ff94f\">\u2011</span>dessus.qui ne sont pas encore entr\u00e9es en vigueur et qui n\u2019<span class=\"_ _0\"></span>ont pas \u00e9t\u00e9 appliqu\u00e9es par anticipation par V<span class=\"_ _f\"></span>antivaNormes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations non appliqu\u00e9es erau\ue61f1<span class=\"_ _62\"> </span>\ue61fjanvier 2022Les <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _44\"> </span>normes, <span class=\"_ _37\"> </span>modifications <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>interpr\u00e9tations <span class=\"_ _37\"> </span>qui <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>publi\u00e9es, mais pas <span class=\"_ _3\"></span>encore en <span class=\"_ _3\"></span>vigueur<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de publication <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>\u00e9tats financiers <span class=\"_ _3\"></span>du Aucune norme n\u2019<span class=\"_ _0\"></span>a \u00e9t\u00e9 appliqu\u00e9e par anticipation.Groupe <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>pr\u00e9sent\u00e9es <span class=\"_ _3b\"></span>ci<span class=\"ff94f\">\u2011</span>dessous. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3\"></span>l\u2019intention <span class=\"_ _3\"></span>d\u2019adopter <span class=\"_ _3\"></span>ces normes <span class=\"_ _6f\"> </span>et <span class=\"_ _4c\"> </span>interpr\u00e9tations <span class=\"_ _6f\"> </span>nouvelles <span class=\"_ _6f\"> </span>et <span class=\"_ _4c\"> </span>modifi\u00e9es, <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>cas <span class=\"_ _6f\"> </span>\u00e9ch\u00e9ant, lorsqu\u2019<span class=\"_ _0\"></span>elles entreront en vigueur<span class=\"_ _1\"></span>.Nouvelles normes<span class=\"_ _0\"></span>,\ue662amendements et interpr\u00e9tations<span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>application<span class=\"_ _18a\"> </span>Principales dispositionserInformations \u00e0 fournir sur 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023Les entreprises doivent d\u00e9sormais fournir une information sur les m\u00e9thodes les\ue662m\u00e9thodes comptables(non adopt\u00e9 par l\u2019UE)comptables\ue61fsignificatives\ue61fplut\u00f4t que sur les\ue61fprincipales\ue61fm\u00e9thodes. Plusieurs p<span class=\"_ _0\"></span>aragraphes sont ajout\u00e9s (Amendement \u00e0 IAS\ue61f1 et \u00e0 pour expliquer comment une entit\u00e9 peut identifier des informations sur les m\u00e9thodes comptables l\u2019<span class=\"_ _0\"></span>\u00e9nonc\u00e9 pratique en IFRS\ue61f2)significatives et donner des exemples de cas o\u00f9 des informations sur les m\u00e9thodes comptables sont susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre significatives.Ces amendements pr\u00e9cisent que\ue61f:\u2022des informations sur les m\u00e9thodes comptables peuvent \u00eatre significatives du fait de leur natur<span class=\"_ _0\"></span>e, m\u00eame si les montants associ\u00e9s sont non significatifs\ue61f;\u2022les informations sur les m\u00e9thodes comptables sont significatives si elles sont n\u00e9cessaires \u00e0 la compr\u00e9hension, par les utilisateurs<span class=\"_ _0\"></span>, d\u2019autr<span class=\"_ _0\"></span>es informations significatives contenues dans les \u00e9tats financiers\ue61f;\u2022si une entit\u00e9 fournit des informations non significatives sur les m\u00e9thodes comptables, ces informations ne doivent pas obscurcir des informations significatives sur les m\u00e9thodes comptables<span class=\"_ _0\"></span>.En outre<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _0\"></span>\u00e9nonc\u00e9 de pratique sur les IFRS\ue61f2 a \u00e9t\u00e9 modifi\u00e9 afin d\u2019y ajouter des directives et des exemples pour expliquer et illustrer l\u2019<span class=\"_ _1\"></span>application du processus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pratique sur les IFRS\ue61f2 \u2013 <span class=\"ff958\">Making M<span class=\"_ _0\"></span>ateriality Judgements<span class=\"ff957\">, aux informations \u00e0 fournir sur les </span></span>m\u00e9thodes comptables pour appuyer les modifications d\u2019IAS\ue61f1.Le Groupe est en cours d\u2019<span class=\"_ _1\"></span>\u00e9valuation de l\u2019impact de ces amendements sur leur incidence qu\u2019ils auront sur la pr\u00e9sentation des politiques comptables du Groupe<span class=\"_ _0\"></span>.erClassement des passifs en tant 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2024Ces amendements ont pour objet\ue61f:que passifs courants ou non (non adopt\u00e9 par l\u2019UE)1.clarifient que le classement des passifs en tant que passifs courants ou non courants doit \u00eatr<span class=\"_ _0\"></span>e courantsfonction des droits qui existent \u00e0 la fin de la p\u00e9riode de pr\u00e9sentation de l\u2019information financi\u00e8re (Amendements \u00e0 IAS\ue61f1)et harmonisent le libell\u00e9 de tous les paragraphes concern\u00e9s pour utiliser le terme \u00ab\ue61fdr<span class=\"_ _0\"></span>oit\ue61f\u00bb de diff\u00e9rer le r\u00e8glement du passif pour au moins douze mois et indiquer explicitement que seuls les droits qui existent \u00ab\ue61f\u00e0 la fin de la p\u00e9riode de pr\u00e9sentation de l\u2019information financi\u00e8re\ue61f\u00bb influent sur le classement d\u2019un passif\ue61f;2.clarifient que le classement n\u2019<span class=\"_ _0\"></span>est pas touch\u00e9 par les attentes quant \u00e0 l\u2019<span class=\"_ _0\"></span>exercice du droit de l\u2019<span class=\"_ _0\"></span>entit\u00e9 de diff\u00e9rer le r\u00e8glement du passif\ue61f; et3.pr\u00e9cisent que par r\u00e8glement on entend le tr<span class=\"_ _0\"></span>ansfert \u00e0 l\u2019autr<span class=\"_ _0\"></span>e partie d\u2019\u00e9l\u00e9ments de tr<span class=\"_ _0\"></span>\u00e9sorerie, d\u2019instruments de capitaux propres<span class=\"_ _0\"></span>, d\u2019autr<span class=\"_ _0\"></span>es actifs ou de ser<span class=\"_ _3\"></span>vices.Le Groupe est en cours d\u2019<span class=\"_ _1\"></span>\u00e9valuation de l\u2019impact de ces amendements sur la pr\u00e9sentation actuelle et dans quelle mesure certains contrats devront \u00eatr<span class=\"_ _0\"></span>e revus.erD\u00e9\ue75cnition d\u2019une estimation 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023La d\u00e9finition d\u2019un changement d\u2019<span class=\"_ _0\"></span>estimations comptables est remplac\u00e9e par une d\u00e9finition des comptable\ue61festimations comptables. Selon la nouvelle d\u00e9finition, les estimations comptables sont des \u00ab\ue61fmontants (Amendements \u00e0 IAS\ue61f8)mon\u00e9taires dans les \u00e9tats financiers qui sont sujets \u00e0 une incertitude relative \u00e0 la mesur<span class=\"_ _0\"></span>e\ue61f\u00bb.Les entit\u00e9s \u00e9laborent des estimations comptables si les m\u00e9thodes comptables exigent que les \u00e9l\u00e9ments des \u00e9tats financiers soient \u00e9valu\u00e9s d\u2019une mani\u00e8re qui implique une incertitude de mesure<span class=\"_ _0\"></span>.Le Board pr<span class=\"_ _0\"></span>\u00e9cise qu\u2019un changement d\u2019estimation comptable r<span class=\"_ _0\"></span>\u00e9sultant de nouvelles informations ou de nouveaux d\u00e9veloppements ne constitue pas la correction d\u2019une err<span class=\"_ _0\"></span>eur<span class=\"_ _0\"></span>. En outre, les e\ue61dets d\u2019un changement d\u2019une donn\u00e9e ou d\u2019une technique d\u2019<span class=\"_ _0\"></span>\u00e9valuation utilis\u00e9e pour \u00e9tablir une estimation comptable sont des changements d\u2019<span class=\"_ _0\"></span>estimations comptables s\u2019ils ne r\u00e9sultent pas de la correction d\u2019<span class=\"_ _0\"></span>erreurs de p\u00e9riodes ant\u00e9rieures.Un changement d\u2019<span class=\"_ _0\"></span>estimation comptable peut a\ue61decter uniquement le r\u00e9sultat de la p\u00e9riode en cours, ou le r\u00e9sultat de la p\u00e9riode en cours et des p\u00e9riodes futures<span class=\"_ _0\"></span>. L<span class=\"_ _1\"></span>\u2019e\ue61det du changement relatif \u00e0 la p\u00e9riode en cours est comptabilis\u00e9 en produit ou en charge de la p\u00e9riode en cours<span class=\"_ _0\"></span>. L<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det, le cas \u00e9ch\u00e9ant, sur les p\u00e9riodes futures est comptabilis\u00e9 en produit ou en charge dans ces p\u00e9riodes futur<span class=\"_ _0\"></span>es.Les amendements ne devraient pas avoir d\u2019imp<span class=\"_ _0\"></span>act significatif pour le Groupe.erImp\u00f4ts di\ue75b\u00e9r\u00e9s r<span class=\"_ _0\"></span>elatifs \u00e0 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023Les modifications visent \u00e0 clarifier la mani\u00e8re dont les entreprises comptabilisent l\u2019imp\u00f4t di\ue61d\u00e9r<span class=\"_ _0\"></span>\u00e9 sur des\ue662actifs et passifs r\u00e9sultant \ue61fdes transactions telles que les contrats de location et les obligations de d\u00e9mant\u00e8lement.d\u2019une\ue662m\u00eame transactionLe principal changement est une exemption de l\u2019<span class=\"_ _1\"></span>exemption de comptabilisation initiale pr\u00e9vue dans (Amendements \u00e0 IAS\ue61f12)IAS\ue61f12.<span class=\"_ _0\"></span>15(b) et IAS\ue61f12.<span class=\"_ _3\"></span>24. P<span class=\"_ _0\"></span>ar cons\u00e9quent, l\u2019<span class=\"_ _0\"></span>exemption de comptabilisation initiale ne s\u2019<span class=\"_ _0\"></span>applique pas aux transactions dans lesquelles des montants \u00e9gaux de di\ue61d\u00e9rences temporelles d\u00e9ductibles et imposables surviennent lors de la comptabilisation initiale. Ceci est \u00e9galement expliqu\u00e9 dans le nouveau paragraphe IAS\ue61f12.22A.Les amendements ne devraient pas avoir d\u2019imp<span class=\"_ _0\"></span>act significatif sur le Groupe.Nouvelles normes<span class=\"_ _0\"></span>,\ue662amendements et interpr\u00e9tations<span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>application<span class=\"_ _18a\"> </span>Principales dispositionserAmendements \u00e0 IFRS\ue66216 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2024Ces amendements apportent des clarifications sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation ult\u00e9rieure des transactions de Contrats de location\ue662: P<span class=\"_ _0\"></span>assif (non adopt\u00e9 par l\u2019UE)cession<span class=\"ff960\">\u2011</span>bail lorsque la cession initiale du bien r\u00e9pond aux crit\u00e8res d\u2019IFRS\ue61f15 pour \u00eatr<span class=\"_ _0\"></span>e comptabilis\u00e9e Locatif dans une T<span class=\"_ _23\"></span>ransaction comme une vente. C<span class=\"_ _0\"></span>es amendements pr\u00e9cisent en particulier comment \u00e9valuer ult\u00e9rieurement la de cession<span class=\"ff960\">\u2011</span>\u2011baildette de location r\u00e9sultant de transactions de cession<span class=\"_ _0\"></span><span class=\"ff960\">\u2011<span class=\"ff961\">bail, constitu\u00e9e de paiements de loyers </span></span>variables qui ne d\u00e9pendent pas d\u2019un indice ou d\u2019un taux.Le nouveau paragr<span class=\"_ _0\"></span>aphe 102A qui est ajout\u00e9 dans la norme IFRS\ue61f16 pr\u00e9cise\ue61f:que le vendeur<span class=\"ff960\">\u2011</span>preneur \u00e9v<span class=\"_ _0\"></span>alue ult\u00e9rieurement la dette de location r\u00e9sultant d\u2019une transaction de cession<span class=\"ff960\">\u2011</span>bail conform\u00e9ment aux dispositions existantes de la norme (paragr<span class=\"_ _0\"></span>aphe 36 \u00e0 46), mais en d\u00e9terminant les paiements de loyers de fa\u00e7on \u00e0 ne comptabiliser aucun gain ou perte li\u00e9 au droit d\u2019utilisation conserv\u00e9 (dit autrement, le vendeur<span class=\"_ _0\"></span><span class=\"ff960\">\u2011<span class=\"ff961\">preneur ne comptabilise en r\u00e9sultat que le gain ou la </span></span>perte li\u00e9 au droit d\u2019utilisation transf\u00e9r\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>acheteur<span class=\"ff960\">\u2011</span>bailleur)\ue61f; etque les pr\u00e9sents amendements ne font pas obstacles \u00e0 l\u2019<span class=\"_ _0\"></span>application du paragraphe 46(a) en cas de modification du contrat de location r\u00e9duisant l\u2019<span class=\"_ _1\"></span>\u00e9tendue de celui<span class=\"ff960\">\u2011</span>ci\ue61f: le vendeur<span class=\"ff960\">\u2011</span>preneur comptabilise en r\u00e9sultat tout gain ou perte li\u00e9 \u00e0 la r\u00e9siliation partielle ou totale du contr<span class=\"_ _0\"></span>at de location.1.2.3Principes comptables du Groupe sujets \u00e0\ue61festimations et jugementsLes <span class=\"_ _3\"></span>informations <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>ces <span class=\"_ _3b\"></span>\u00e9tats <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3b\"></span>ont \u00e9t\u00e9 <span class=\"_ _66\"> </span>\u00e9labor\u00e9es <span class=\"_ _66\"> </span>selon <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>principe <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>co\u00fbt <span class=\"_ _66\"> </span>historique <span class=\"_ _4c\"> </span>avec <span class=\"_ _66\"> </span>quelques exceptions <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>di\ue61d\u00e9rents <span class=\"_ _37\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _37\"></span>pour <span class=\"_ _44\"> </span>lesquels <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>dispositions sp\u00e9cifiques pr\u00e9vues par les IFRS ont \u00e9t\u00e9 appliqu\u00e9es\ue61f:\u2022les <span class=\"_ _4c\"> </span>actifs <span class=\"_ _6f\"> </span>non<span class=\"ff960\">\u2011</span>financiers <span class=\"_ _6f\"> </span>sont <span class=\"_ _4c\"> </span>initialement <span class=\"_ _6f\"> </span>reconnus <span class=\"_ _6f\"> </span>\u00e0 <span class=\"_ _4c\"> </span>leur <span class=\"_ _6f\"> </span>co\u00fbt d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _6f\"> </span>ou <span class=\"_ _6f\"> </span>de <span class=\"_ _28\"> </span>construction <span class=\"_ _6f\"> </span>incluant <span class=\"_ _6f\"> </span>les <span class=\"_ _28\"> </span>co\u00fbts <span class=\"_ _6f\"> </span>directement attribuables <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>ser<span class=\"_ _3\"></span>vice <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>tel <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>pr\u00e9vu par la <span class=\"_ _3\"></span>Direction du <span class=\"_ _3\"></span>Groupe. Les actifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>sont ensuite <span class=\"_ _3\"></span>\u00e9valu\u00e9s au co\u00fbt amorti\ue61f: <span class=\"_ _3\"></span>le co\u00fbt historique <span class=\"_ _3\"></span>diminu\u00e9 de l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _3\"></span>cumul\u00e9 et des pertes de valeur\ue61f;\u2022les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>passifs <span class=\"_\"> </span>financiers <span class=\"_ _46\"> </span>sont <span class=\"_\"> </span>initialement <span class=\"_ _46\"> </span>reconnus <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_\"> </span>juste valeur ou au co\u00fbt amorti (voir note 8.<span class=\"_ _0\"></span>4).La <span class=\"_ _3\"></span>pr\u00e9paration <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>comptes <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>\u00e9tablis <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>normes comptables <span class=\"_ _3b\"></span>internationales <span class=\"_ _3b\"></span>(IFRS) <span class=\"_ _3b\"></span>oblige <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>dirigeants <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>faire des <span class=\"_ _44\"> </span>estimations <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>\u00e9mettre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a\ue61dectent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>montants consolid\u00e9s <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_\"> </span>et <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>ainsi <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>montants <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>charges <span class=\"_\"> </span>et produits <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"> </span>durant <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s. <span class=\"_ _44\"> </span>Ces estimations et hypoth\u00e8ses peuvent contenir un certain degr\u00e9 d\u2019incertitude<span class=\"_ _0\"></span>.La <span class=\"_ _62\"> </span>Direction <span class=\"_ _62\"> </span>base <span class=\"_ _62\"> </span>ces <span class=\"_ _63\"> </span>estimations <span class=\"_ _62\"> </span>sur <span class=\"_ _63\"> </span>des <span class=\"_ _62\"> </span>donn\u00e9es <span class=\"_ _63\"> </span>historiques comparables <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>sur <span class=\"_ _60\"> </span>di\ue61d\u00e9rentes <span class=\"_ _60\"> </span>autres <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _60\"> </span>qui, <span class=\"_ _64\"> </span>au <span class=\"_ _60\"> </span>regard <span class=\"_ _60\"> </span>des circonstances<span class=\"_ _0\"></span>, <span class=\"_ _66\"> </span>sont <span class=\"_ _66\"> </span>jug\u00e9es <span class=\"_ _65\"> </span>les <span class=\"_ _66\"> </span>plus <span class=\"_ _66\"> </span>raisonnables <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>pertinentes. <span class=\"_ _65\"> </span>Les circonstances <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>r\u00e9sultats <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>di\ue61d\u00e9rer <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3b\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>et estimations.La <span class=\"_ _3b\"></span>D<span class=\"_ _0\"></span>irection <span class=\"_ _3b\"></span>revoit <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>appr\u00e9ciations <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>mani\u00e8re <span class=\"_ _3\"></span>constante sur <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _44\"> </span>exp\u00e9rience <span class=\"_ _37\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>ainsi <span class=\"_ _37\"> </span>que <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>divers <span class=\"_ _37\"> </span>autres <span class=\"_ _37\"> </span>facteurs jug\u00e9s <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>plus <span class=\"_ _37\"></span>raisonnables <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>pertinents <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>d\u00e9termination <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>juste valeur des actifs et passifs et des produits et char<span class=\"_ _0\"></span>ges.La <span class=\"_ _61\"> </span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _61\"> </span>pr\u00e9sente <span class=\"_ _61\"> </span>ci<span class=\"ff960\">\u2011</span>apr\u00e8s <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>principes <span class=\"_ _61\"> </span>comptables <span class=\"_ _61\"> </span>utilis\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _37\"></span>lors <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>pr\u00e9paration <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _37\"></span>qui <span class=\"_ _37\"> </span>n\u00e9cessitent <span class=\"_ _44\"> </span>la mise <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>jugements <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>estimations <span class=\"_ _37\"></span>ayant <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>impact <span class=\"_ _37\"></span>significatif sur les comptes consolid\u00e9s\ue61f:\u2022absence <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>risque <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>continuit\u00e9 <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>exploitation, <span class=\"_ _60\"> </span>malgr\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>variabilit\u00e9 potentielle <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>calendrier <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>ventes<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>notamment <span class=\"_ _66\"> </span>au <span class=\"_ _66\"> </span>regard <span class=\"_ _66\"> </span>des pr\u00e9visions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>vis\u00e9es <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>du 9\ue61fmars 2023 pour les 12 mois \u00e0 venir\ue61f;\u2022d\u00e9signation comptable de la participation dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>(voir note 2.2.<span class=\"_ _3\"></span>2)\ue61f;\u2022comptabilisation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>refinancement. (voir note 2.2.2 et 3.4)\ue61f;\u2022perte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>incorporels <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie ind\u00e9termin\u00e9e (voir notes 4.<span class=\"_ _0\"></span>1, 4.2)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_\"> </span>d\u2019utilit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>corporelles <span class=\"_\"> </span>et incorporelles (voir notes 4.2 et 4.3)\ue61f;\u2022d\u00e9termination <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>terme <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>loyers <span class=\"_ _4c\"> </span>pour <span class=\"_ _4c\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>droits d\u2019utilisation, <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>montants <span class=\"_ _44\"> </span>r\u00e9cup\u00e9rables <span class=\"_ _44\"> </span>pour <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>d\u2019utilisation test\u00e9s individuellement (voir note 4.4)\ue61f;\u2022pr\u00e9sentation des autres produits (char<span class=\"_ _0\"></span>ges) (voir note 3.3.3.)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>nette <span class=\"_\"> </span>de <span class=\"_\"> </span>r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>(voir <span class=\"_\"> </span>note 5.<span class=\"_ _0\"></span>1.2)\ue61f;\u2022reconnaissance des actifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s (voir note 6.2)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>actuarielles <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour <span class=\"_ _44\"> </span>l\u2019actualisation des provisions pour retr<span class=\"_ _0\"></span>aite et avantages assimil\u00e9s (voir note 9<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2)\ue61f;\u2022estimation des risques et litiges (voir note 10)\ue61f;\u2022d\u00e9termination des redevances \u00e0 payer (v<span class=\"_ _0\"></span>oir note 5.<span class=\"_ _0\"></span>1.4).1.2.4Conversion des tr<span class=\"_ _0\"></span>ansactions en devisesConversion des \u00e9tats financiers exprim\u00e9s en devisesLes <span class=\"_\"> </span>\u00e9tats <span class=\"_ _46\"> </span>financiers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>entit\u00e9s <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>monnaie fonctionnelle <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>di\ue61d\u00e9r<span class=\"_ _0\"></span>ente <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>celle <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>selon <span class=\"_ _47\"> </span>les m\u00e9thodes suivantes\ue61f:\u2022les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>\u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au taux de change de cl\u00f4ture\ue61f;\u2022les <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ges <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>change moyen de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>.Les <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultant <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>inscrits <span class=\"_ _44\"> </span>directement <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>les autres \u00e9l\u00e9ments du R\u00e9sultat Glob<span class=\"_ _0\"></span>al.Comptabilisation des transactions en devises \u00e9tr<span class=\"_ _0\"></span>ang\u00e8resLes transactions <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>devises <span class=\"_ _3\"></span>\u00e9trang\u00e8res <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>converties au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>d\u2019op\u00e9r<span class=\"_ _0\"></span>ation. <span class=\"_ _3b\"></span>A <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>bilan, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>et passifs mon\u00e9taires <span class=\"_ _3\"></span>libell\u00e9s en <span class=\"_ _3\"></span>devises \u00e9trang\u00e8res <span class=\"_ _3\"></span>sont convertis <span class=\"_ _3\"></span>au cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cl\u00f4ture de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice. Les <span class=\"_ _3\"></span>di\ue61d\u00e9rences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>qui en <span class=\"_ _3\"></span>r\u00e9sultent sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>consolid\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>produit <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>perte de change.Les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_\"> </span>p<span class=\"_ _0\"></span>assifs <span class=\"_\"> </span>non <span class=\"_\"> </span>mon\u00e9taires <span class=\"_\"> </span>libell\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>devises <span class=\"_\"> </span>\u00e9tr<span class=\"_ _0\"></span>ang\u00e8res <span class=\"_\"> </span>sont convertis au cours de change historique en vigueur \u00e0 la date de transaction.Les <span class=\"_ _44\"> </span>principaux <span class=\"_\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>cl\u00f4tur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>cours <span class=\"_\"> </span>moyens <span class=\"_ _44\"> </span>retenus <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>indiqu\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>tableau <span class=\"_ _44\"> </span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_\"> </span>(pr<span class=\"_ _0\"></span>\u00e9sentant <span class=\"_\"> </span>une <span class=\"_ _44\"> </span>unit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _44\"> </span>convertie <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>devise \u00e9trang\u00e8re)\ue61f:Taux de cl\u00f4tureTaux moyen\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ff96a fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ff96a fc1\">2021</span>Dollar US (US$)<span class=\"_ _2be\"> </span>1,0666<span class=\"_ _d5\"> </span>1,<span class=\"_ _0\"></span>1326<span class=\"_ _194\"> </span>1,0563<span class=\"_ _9e\"> </span>1,<span class=\"_ _0\"></span>1851\ue61fLe <span class=\"ls0 ws0\">taux moyen est d\u00e9termin\u00e9 en calculant la moyenne des taux de cl\u00f4ture mensuels sur l\u2019<span class=\"_ _1\"></span>ann\u00e9e, sauf si la m\u00e9thode cr\u00e9e des distorsions mat\u00e9rielles.</span>Note 2<span class=\"_ _6a\"> </span>P<span class=\"_ _1\"></span>\u00e9rim\u00e8tre de consolidation2<span class=\"_ _3\"></span>.1<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">P<span class=\"_ _0\"></span>\u00e9rim\u00e8tre et m\u00e9thode de consolidation</span>FilialesT<span class=\"_ _23\"></span>outes <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>contr\u00f4l\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>entit\u00e9s ad <span class=\"_ _37\"> </span>hoc), <span class=\"_ _44\"> </span>c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _3b\"></span>dans <span class=\"_ _44\"> </span>lesquelles <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>d\u00e9cider des politiques <span class=\"_ _3\"></span>financi\u00e8re et op\u00e9rationnelle afin <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>obtenir les <span class=\"_ _3\"></span>b\u00e9n\u00e9fices des activit\u00e9s, <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>filiales <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>sont <span class=\"_ _37\"> </span>int\u00e9gr\u00e9es <span class=\"_ _37\"> </span>globalement. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>contr\u00f4le <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sum\u00e9 exister <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe d\u00e9tient <span class=\"_ _3\"></span>directement ou <span class=\"_ _3\"></span>indirectement plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>moiti\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>soci\u00e9t\u00e9 (sont pris <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes <span class=\"_ _61\"> </span>existants <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes potentiels <span class=\"_ _60\"> </span>imm\u00e9diatement <span class=\"_ _60\"> </span>exer\u00e7ables <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>convertibles) <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>qu\u2019il <span class=\"_ _60\"> </span>n\u2019y <span class=\"_ _60\"> </span>a aucun <span class=\"_\"> </span>autre <span class=\"_ _44\"> </span>actionnaire <span class=\"_\"> </span>qui <span class=\"_ _47\"> </span>d\u00e9tient <span class=\"_ _47\"> </span>un <span class=\"_ _47\"> </span>droit <span class=\"_ _44\"> </span>significatif <span class=\"_\"> </span>lui <span class=\"_\"> </span>permettant d\u2019<span class=\"_ _0\"></span>exercer <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>v\u00e9to <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>bloquer <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>d\u00e9cisions <span class=\"_\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>politiques financi\u00e8re <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>op\u00e9rationnelle <span class=\"_ _3b\"></span>prises <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _3b\"></span><span class=\"ff96b\">ad <span class=\"_ _37\"></span>hoc<span class=\"_ _3b\"></span></span> qui satisfont <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>crit\u00e8res <span class=\"_ _3\"></span>\u00e9nonc\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>IFRS\ue61f10 <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>par int\u00e9gration <span class=\"_ _46\"> </span>globale, <span class=\"_ _46\"> </span>quelle <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>forme <span class=\"_ _61\"> </span>juridique, <span class=\"_ _46\"> </span>quand <span class=\"_ _61\"> </span>bien m\u00eame le Groupe ne d\u00e9tient aucun titre dans ces entit\u00e9s<span class=\"_ _0\"></span>.Entr<span class=\"_ _0\"></span>eprises associ\u00e9esUne <span class=\"_ _37\"> </span>entreprise <span class=\"_ _44\"> </span>associ\u00e9e <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>laquelle <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>exerce une <span class=\"_\"> </span>in\ufb02uence <span class=\"_ _61\"> </span>notable <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>n\u2019est <span class=\"_\"> </span>ni <span class=\"_\"> </span>une <span class=\"_ _46\"> </span>filiale <span class=\"_ _46\"> </span>ni <span class=\"_ _61\"> </span>une <span class=\"_\"> </span>co<span class=\"ff968\">\u2011</span>entreprise. L<span class=\"_ _1\"></span>\u2019in\ufb02uence <span class=\"_ _44\"> </span>notable <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>participer <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9cisions <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux politiques <span class=\"_ _44\"> </span>op\u00e9rationnelle <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>financi\u00e8re <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _44\"> </span>sans <span class=\"_ _44\"> </span>d\u00e9tenir <span class=\"_\"> </span>ni <span class=\"_ _37\"> </span>le contr\u00f4le <span class=\"_ _4c\"> </span>exclusif<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>ni <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>contr\u00f4le <span class=\"_ _4c\"> </span>conjoint <span class=\"_ _4c\"> </span>sur <span class=\"_ _6f\"> </span>ces <span class=\"_ _4c\"> </span>politiques. <span class=\"_ _4c\"> </span>Les participations <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>entreprises <span class=\"_ _3\"></span>associ\u00e9es <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>\u00e9quivalence <span class=\"_ _37\"></span>conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61f11. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2019acquisition <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inclus <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable de la participation.Co<span class=\"ff968 ls0 ws0\">\u2011<span class=\"ff965\">entreprises</span></span>Une <span class=\"_ _3b\"></span>co<span class=\"ff968\">\u2011</span>entreprise <span class=\"_ _3b\"></span>r\u00e9sulte <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>contractuel <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>lequel <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>Groupe et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>partenaires <span class=\"_ _3\"></span>s\u2019entendent <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>mener <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>activit\u00e9 <span class=\"_ _3b\"></span>\u00e9conomique dans <span class=\"_ _47\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>contr\u00f4le <span class=\"_ _47\"> </span>conjoint. <span class=\"_ _44\"> </span>Les <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>telles soci\u00e9t\u00e9s <span class=\"_ _3\"></span>sont comptabilis\u00e9es <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise en <span class=\"_ _3\"></span>\u00e9quivalence conform\u00e9ment \u00e0 la norme IFRS\ue61f11.Les <span class=\"_ _37\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _37\"> </span>\u00e9tablis <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021 <span class=\"_ _44\"> </span>regroupent <span class=\"_ _3b\"></span>les <span class=\"_ _44\"> </span>comptes <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>contr\u00f4l\u00e9es <span class=\"_ _37\"> </span>exclusivement, <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contr\u00f4le conjoint <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>lesquelles <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>exerce <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>in\ufb02uence <span class=\"_ _3b\"></span>notable. <span class=\"_ _3b\"></span>Leur <span class=\"_ _3b\"></span>r\u00e9partition <span class=\"_ _3b\"></span>g\u00e9ographique <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>principales <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _37\"></span>sont list\u00e9es en note <span class=\"ls2 ws2\">15.</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope(hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2022<span class=\"_ _2d1\"> </span><span class=\"ff96a\">Fr<span class=\"_ _0\"></span>ance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff96a\">Etats<span class=\"ff968\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff968\">\u2011<span class=\"ff96c\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff969 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _2d2\"> </span>9<span class=\"_ _d7\"> </span>22<span class=\"_ _1b4\"> </span>11<span class=\"_ _9e\"> </span>9<span class=\"_ _191\"> </span>14<span class=\"_ _58\"> </span>65Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _295\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _9a\"> </span>4TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">11<span class=\"_ _58\"> </span>22<span class=\"_ _194\"> </span>12<span class=\"_ _9e\"> </span>9<span class=\"_ _d7\"> </span>15<span class=\"_ _1da\"> </span>69</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope (hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2021<span class=\"_ _148\"> </span><span class=\"ff972\">F<span class=\"_ _0\"></span>rance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff972\">Etats<span class=\"ff973\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff973\">\u2011<span class=\"ff971\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff974 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _182\"> </span>17<span class=\"_ _58\"> </span>30<span class=\"_ _185\"> </span>13<span class=\"_ _1b4\"> </span>11<span class=\"_ _194\"> </span>18<span class=\"_ _186\"> </span>89Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _2d3\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _97\"> </span>3TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _143\"> </span><span class=\"ls0 ws0\">18<span class=\"_ _aa\"> </span><span class=\"ff971\">30<span class=\"_ _d7\"> </span></span>14<span class=\"_ _185\"> </span>11<span class=\"_ _d7\"> </span>19<span class=\"_ _58\"> </span><span class=\"ff971\">92</span></span>2.2<span class=\"_ _2c\"> </span>Changements dans le p\u00e9rim\u00e8tre de consolidation en 20222.2.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de MarquesLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">31\ue61emai <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conclu <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>vente de <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>activit\u00e9 <span class=\"_ _3\"></span>Licences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Marques<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>op\u00e9ration permet <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>poursuivre la <span class=\"_ _3\"></span>simplification <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sa </span>structure<span class=\"_ _0\"></span>, avec la cession d\u2019actifs non str<span class=\"_ _0\"></span>at\u00e9giques et d\u2019<span class=\"_ _0\"></span>accro\u00eetre sa \ufb02exibilit\u00e9 financi\u00e8re.La <span class=\"_ _3\"></span>contrepartie <span class=\"_ _3b\"></span>re\u00e7ue <span class=\"_ _3\"></span>s\u2019\u00e9l\u00e8v<span class=\"_ _0\"></span>e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>99<span class=\"_ _0\"></span>,3\ue61emillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>engendr\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>plus<span class=\"ff973\">\u2011</span>value <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>57\ue61emillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>enregistr\u00e9e <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>op\u00e9rations <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>en cours de cession.Le <span class=\"ls0 ws0\">d\u00e9tail de cette op\u00e9ration est pr\u00e9sent\u00e9 dans le tableau ci<span class=\"ff973\">\u2011</span>dessous\ue61e:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue662Prix de vente<span class=\"_ _2d4\"> </span>99Ajustement de prix<span class=\"_ _2d5\"> </span>(7)Marques<span class=\"_ _2d6\"> </span>(33)Autres actifs et passifs nets<span class=\"_ _1be\"> </span>(2)Fr<span class=\"_ _0\"></span>ais de trasaction<span class=\"_ _2d7\"> </span>(1)GAIN SUR LA CESSION DE L<span class=\"_ _f\"></span>\u2019<span class=\"_ _1\"></span>ACTIVIT\u00c9 LICENCES DE MAR<span class=\"_ _0\"></span>QUES<span class=\"_ _121\"> </span>57\ue61e2.2.2<span class=\"_ _bc\"> </span>T<span class=\"_ _45\"></span>echnicolor Creative StudiosT<span class=\"_ _23\"></span>raitement comptable de la D<span class=\"_ _0\"></span>istribution et du refinancementDistribution en natur<span class=\"_ _0\"></span>eConform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _37\"> </span>IFRS\ue61e10, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>perte <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>contr\u00f4le <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>sous<span class=\"ff973\">\u2011</span>groupe TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"> </span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>consolid\u00e9. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En <span class=\"_ _37\"> </span></span>outre, IFRIC\ue61e17 <span class=\"_ _3\"></span>exige que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>passif <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>au paiement <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>dividende <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>\u00e9valu\u00e9 \u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>distribuer <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>que, lorsque <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>dividende <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>r\u00e9gl\u00e9, la di\ue61c\u00e9rence <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>distribu\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>dividende <span class=\"_ _3b\"></span>\u00e0 payer soit comptabilis\u00e9e dans le compte de r\u00e9sultat.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _37\"> </span>IFRS\ue61e13, <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>a \u00e9t\u00e9 <span class=\"_ _44\"> </span>\u00e9valu\u00e9e <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>1,85\ue61eeuro <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>29\ue61eseptembre 2022, date de livraison des actions aux actionnaires<span class=\"_ _0\"></span>.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">27\ue61eseptembre <span class=\"_ _44\"> </span>2022, <span class=\"_\"> </span>pour <span class=\"_\"> </span>donner <span class=\"_ _44\"> </span>suite <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>distribution <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>65\ue61e% <span class=\"_\"> </span>des </span>actions T<span class=\"_ _0\"></span>CS\ue61e:\u2022V<span class=\"_ _1\"></span>antiva a d\u00e9consolid\u00e9 100\ue61e% des actifs nets\ue61e;V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>comptabilis\u00e9 <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>participation <span class=\"_ _37\"> </span>conser<span class=\"_ _3\"></span>v\u00e9e <span class=\"_ _37\"></span>de \u202235\ue61e% comme participation mise en \u00e9quivalence\ue61e;\u2022en <span class=\"_ _61\"> </span>contrepartie <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>a <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>dans <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat consolid\u00e9 <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>\u00ab\ue61eR\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours de <span class=\"_\"> </span>cession\ue61e\u00bb <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>plus<span class=\"ff973\">\u2011</span>value <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>distribution <span class=\"_ _44\"> </span>(y <span class=\"_\"> </span>compris <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>frais <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>le recyclage de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conversion) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>r\u00e9\u00e9valuation \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de sa <span class=\"_ _60\"> </span>participation <span class=\"_ _64\"> </span>restante <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>35\ue61e% <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _60\"> </span></span>pour <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>montant <span class=\"_ _64\"> </span>de 633\ue61emillions d\u2019<span class=\"_ _0\"></span>euros.Gain sur la Distribution et l'\u00e9v<span class=\"_ _0\"></span>aluation initiale de la participation restanteLe <span class=\"ls0 ws0\">tableau ci<span class=\"ff97d\">\u2011</span>dessous donne le d\u00e9tail de la transaction\ue61f:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue662(1)Juste valeur T<span class=\"_ _1\"></span>C<span class=\"_ _3\"></span>S\ue61f<span class=\"_ _2d8\"> </span>1\ue61f013Actif et passif net<span class=\"_ _2d9\"> </span>(25)Reclassement de CT<span class=\"_ _1\"></span>A cumul\u00e9 (Ajustement de change)<span class=\"_ _298\"> </span>(310)Co\u00fbts de transaction<span class=\"_ _2da\"> </span>(45)GAIN SUR LA D\u00c9C<span class=\"_ _0\"></span>ONSOLID<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION DE L'ACTIVIT\u00c9 TE<span class=\"_ _0\"></span>CHNICOL<span class=\"_ _0\"></span>OR CREA<span class=\"_ _0\"></span>TIVE STUDIOS<span class=\"_ _2db\"> </span>633(1) La juste de valeur de <span class=\"ls99 ws99\">TCS<span class=\"_ _3\"></span> </span>inclut l\u2019<span class=\"_ _0\"></span>\u00e9valuation des 65\ue61f% distribu\u00e9s <span class=\"ls5e ws5e\">et </span>35\ue61f% li\u00e9 \u00e0 la r\u00e9\u00e9v<span class=\"_ _0\"></span>aluation initiale de la participation mise en \u00e9quivalence suite \u00e0 la perte de contr\u00f4le<span class=\"_ _0\"></span>.RefinancementLes <span class=\"_ _3b\"></span>obligations <span class=\"_ _37\"> </span>convertibles <span class=\"_ _37\"></span>(MCN) <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>int\u00e9gralement <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"> </span>en capitaux pr<span class=\"_ _0\"></span>opres, les <span class=\"_ _0\"></span>conditions n\u00e9cessaires <span class=\"_ _0\"></span>\u00e0 la <span class=\"_ _0\"></span>conversion \u00e9tant <span class=\"_ _0\"></span>remplies lors <span class=\"_ _0\"></span>de son <span class=\"_ _37\"> </span>\u00e9mission <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>15\ue61fseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>obligations <span class=\"_ _37\"> </span>ayant <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>converties <span class=\"_ _44\"> </span>le 22\ue61fseptembre <span class=\"_ _0\"></span>2022.La <span class=\"_\"> </span>totalit\u00e9 <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>dette <span class=\"_\"> </span>issue <span class=\"_\"> </span>du <span class=\"_\"> </span>plan <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>sauvegarde <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>r<span class=\"_ _0\"></span>efinanc\u00e9e <span class=\"_\"> </span>et <span class=\"_\"> </span>la di\ue61d\u00e9rence <span class=\"_ _37\"></span>entre <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_ _37\"></span>nominal <span class=\"_ _37\"> </span>rembours\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>comptable <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la dette <span class=\"_ _3b\"></span>(63\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>financi\u00e8res, <span class=\"_ _3b\"></span>puisque les <span class=\"_\"> </span>conditions <span class=\"_\"> </span>du <span class=\"_\"> </span>nouveau <span class=\"_\"> </span>financement <span class=\"_\"> </span>correspondaient <span class=\"_\"> </span>bien <span class=\"_\"> </span>au <span class=\"_\"> </span>crit\u00e8re <span class=\"_\"> </span>de modification substantielle <span class=\"_ _0\"></span>(di\ue61d\u00e9rents <span class=\"_ _0\"></span>pr\u00eateurs, devises<span class=\"_ _0\"></span>, maturit\u00e9s<span class=\"_ _0\"></span>,\u2026).Les <span class=\"_ _0\"></span>nouveaux instruments <span class=\"_ _0\"></span>de dette sont <span class=\"_ _0\"></span>pr\u00e9sent\u00e9s <span class=\"_ _0\"></span>dans la note <span class=\"_ _0\"></span>8.La comptabilisation de 35\ue61f% de T<span class=\"_ _0\"></span>CS restanteComme <span class=\"_ _0\"></span>indiqu\u00e9 dans la <span class=\"_ _0\"></span>note 8, la <span class=\"_ _0\"></span>participation restante <span class=\"_ _0\"></span>de 35\ue61f% dans <span class=\"_ _0\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"ls3 ws3\">a \u00e9t\u00e9 </span></span>plac\u00e9e dans <span class=\"_ _0\"></span>la fiducie<span class=\"ff97d ls0 ws0\">\u2011</span>s\u00fbret\u00e9 <span class=\"_ _0\"></span>en tant que <span class=\"_ _0\"></span>garantie pour <span class=\"_ _0\"></span>les nouveaux <span class=\"_ _0\"></span>instruments de <span class=\"_ _3\"></span>dette. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>fiducie <span class=\"_ _3b\"></span>conf\u00e8re <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>repr\u00e9sentant <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pr\u00eateurs <span class=\"_ _3\"></span>tous <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>de vote <span class=\"_\"> </span>relatifs <span class=\"_ _46\"> </span>aux <span class=\"_ _61\"> </span>op\u00e9rations <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>les <span class=\"_\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>de <span class=\"_ _46\"> </span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span></span>tels <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>les dividendes, <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_ _37\"> </span>la <span class=\"_ _47\"> </span>fusion, <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>dissolution <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>l\u2019augmentation <span class=\"_ _37\"> </span>de <span class=\"_ _47\"> </span>capital. <span class=\"_ _44\"> </span><span class=\"ls60 ws60\">En </span>outre<span class=\"_ _0\"></span>, \u00e0 la suite de <span class=\"_ _0\"></span>la Distribution, V<span class=\"_ _f\"></span>antiva n\u2019<span class=\"_ _1\"></span>a conserv\u00e9 aucune repr<span class=\"_ _0\"></span>\u00e9sentation au sein du <span class=\"_ _0\"></span>Conseil d\u2019<span class=\"_ _1\"></span>administration.Cependant, <span class=\"_\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conserve <span class=\"_\"> </span>son <span class=\"_ _61\"> </span>pouvoir <span class=\"_\"> </span>de <span class=\"_\"> </span>demander <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>nomination <span class=\"_ _46\"> </span>de membres du Conseil d\u2019<span class=\"_ _1\"></span>administration lors de la future assembl\u00e9e g\u00e9n\u00e9rale et de vote <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_\"> </span>d\u00e9cisions<span class=\"_ _0\"></span>, <span class=\"_\"> </span>et <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>deux <span class=\"_\"> </span>groupes <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>li\u00e9s <span class=\"_\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_\"> </span>un <span class=\"_\"> </span>accor<span class=\"_ _0\"></span>d <span class=\"_\"> </span>de services <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>transition. <span class=\"_ _37\"></span>Par <span class=\"_ _3b\"></span>cons\u00e9quent, <span class=\"_ _3b\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>est <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>entreprise <span class=\"_ _37\"></span>associ\u00e9e <span class=\"_ _37\"></span>selon l\u2019IAS\ue61f28 et <span class=\"_ _0\"></span>a \u00e9t\u00e9 <span class=\"_ _0\"></span>comptabilis\u00e9e selon <span class=\"_ _0\"></span>la m\u00e9thode de <span class=\"_ _0\"></span>la mise <span class=\"_ _0\"></span>en \u00e9quivalence<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>avertissement sur les b\u00e9n\u00e9fices <span class=\"_ _0\"></span>et les di\ue61ccult\u00e9s annonc\u00e9es <span class=\"_ _0\"></span>par le Groupe <span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>constituent <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>indicateur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>perte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>a <span class=\"_ _3\"></span>\u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9 conform\u00e9ment \u00e0 l\u2019IAS\ue61f36. <span class=\"ls6a ws6a\">Le </span>Groupe a <span class=\"_ _3\"></span>retenu la juste valeur nominale diminu\u00e9e <span class=\"_\"> </span>des <span class=\"_\"> </span>co\u00fbts <span class=\"_\"> </span>de <span class=\"_\"> </span>vente, <span class=\"_\"> </span>estim\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>Bourse <span class=\"_\"> </span>de <span class=\"_\"> </span>fin <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>ann\u00e9e comme v<span class=\"_ _0\"></span>aleur recouvrable<span class=\"_ _0\"></span>.\u00ab\ue61fT<span class=\"_ _23\"></span>ransition Services Agreement\ue61f\u00bb (<span class=\"_ _3\"></span>TS<span class=\"_ _0\"></span>A)Selon <span class=\"_\"> </span>cet <span class=\"_ _61\"> </span>accord <span class=\"_\"> </span>conclu <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>but <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>finaliser <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>s\u00e9paration, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe continue <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>supporter <span class=\"_ _37\"> </span>certains <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _44\"> </span>ce <span class=\"_ _37\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>syst\u00e8mes informatiques et structures administratives n\u00e9cessaires soient mises <span class=\"_ _3\"></span>en place. <span class=\"ls60 ws60\">En </span>cons\u00e9quence <span class=\"_ _3\"></span>10\ue61fmillions <span class=\"_ _3\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>refactur\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>en <span class=\"_ _3b\"></span>2022 au <span class=\"_ _44\"> </span>titre <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>ces <span class=\"_ _44\"> </span>prestations <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _47\"> </span>dans la <span class=\"_ _44\"> </span>ligne <span class=\"_ _47\"> </span>\u00ab\ue61fAutres <span class=\"_ _44\"> </span>produits d\u2019<span class=\"_ _0\"></span>exploitation\ue61f\u00bb du <span class=\"_ _0\"></span>compte de <span class=\"_ _0\"></span>r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Le <span class=\"ls3 ws3\">Groupe <span class=\"_ _0\"></span>s\u2019<span class=\"_ _0\"></span>est engag\u00e9 par <span class=\"_ _0\"></span>ailleurs \u00e0 <span class=\"_ _0\"></span>porter 50\ue61f% des <span class=\"_ _0\"></span>co\u00fbts n\u00e9cessaires <span class=\"_ _0\"></span>\u00e0 la mise </span>en <span class=\"_ _3b\"></span>place <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>fonctions <span class=\"_ _3b\"></span>administratives <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>informatiques <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>si <span class=\"_ _3b\"></span>celles<span class=\"ff97d ls0 ws0\">\u2011</span>ci <span class=\"_ _37\"></span>se faisait <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>dispositions <span class=\"_ _3b\"></span>mutuellement <span class=\"_ _3\"></span>agr\u00e9\u00e9es. <span class=\"_ _3\"></span>Comme <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>ne <span class=\"_ _3b\"></span>trouve aucun <span class=\"_ _64\"> </span>avantage <span class=\"_ _60\"> </span>\u00e9conomique <span class=\"_ _64\"> </span>futur <span class=\"_ _64\"> </span>autre <span class=\"_ _64\"> </span>que <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>bonne <span class=\"_ _64\"> </span>r\u00e9alisation <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la Distribution, <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>provision <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>6\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>comme composante de <span class=\"_ _0\"></span>la plus<span class=\"ff97d ls0 ws0\">\u2011</span>value <span class=\"_ _0\"></span>de D<span class=\"_ _0\"></span>istribution.2.3<span class=\"_ _2c\"> </span>Changements dans le p\u00e9rim\u00e8tre de consolidation en 2021Le <span class=\"_\"> </span><span class=\"ls3 ws3\">30\ue61favril <span class=\"_\"> </span>2021, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>conclu <span class=\"_\"> </span>la <span class=\"_\"> </span>vente <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>Streamland <span class=\"_\"> </span>Media <span class=\"_\"> </span>de <span class=\"_\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>P<span class=\"_ _0\"></span>ost<span class=\"ff97d ls0 ws0\">\u2011</span>Production, <span class=\"_\"> </span>incluse <span class=\"_\"> </span>dans <span class=\"_\"> </span>le <span class=\"_\"> </span>segment <span class=\"_\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creativ<span class=\"_ _0\"></span>e <span class=\"_\"> </span>Studios </span>(anciennement Services <span class=\"_ _3\"></span>de Production). La <span class=\"_ _3\"></span>vente de Post<span class=\"ff97d ls0 ws0\">\u2011</span>Pr<span class=\"_ _0\"></span>oduction <span class=\"_ _3\"></span>simplifie le <span class=\"_ _3\"></span>portefeuille d\u2019<span class=\"_ _0\"></span>activit\u00e9s <span class=\"_ _3\"></span>de T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>Creative Studios et <span class=\"_ _3\"></span>permet \u00e0 <span class=\"_ _3\"></span>sa Direction de concentrer <span class=\"_ _0\"></span>ses e\ue61dorts sur <span class=\"_ _0\"></span>son c\u0153ur <span class=\"_ _0\"></span>de m\u00e9tier <span class=\"_ _0\"></span>en e\ue61dets <span class=\"_ _0\"></span>visuels.La <span class=\"_ _3\"></span>contrepartie <span class=\"_ _3\"></span>re\u00e7ue s\u2019\u00e9l\u00e8ve \u00e0 <span class=\"_ _3\"></span>29\ue61fmillions <span class=\"_ _3\"></span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>engendr\u00e9 <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>plus<span class=\"ff97d ls0 ws0\">\u2011</span>value <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>8\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>enregistr\u00e9e <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ligne\ue61f\u00ab\ue61fR\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s arr\u00eat\u00e9es <span class=\"_ _0\"></span>ou en cours <span class=\"_ _0\"></span>de cession\ue61f\u00bb <span class=\"_ _0\"></span>du compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9.2<span class=\"_ _3\"></span>.4<span class=\"_ _42\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _1\"></span>itres des soci\u00e9t\u00e9s mises en \u00e9quivalence et particip<span class=\"_ _0\"></span>ations dans les co<span class=\"ff985\">\u2011</span>entreprises</span>Au <span class=\"_ _1c7\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _73\"> </span>2022, <span class=\"_ _1c7\"> </span>le <span class=\"_ _73\"> </span>Groupe <span class=\"_ _73\"> </span>d\u00e9tient <span class=\"_ _1c7\"> </span>45\ue61fmillions <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>euros d\u2019investissement comptabilis\u00e9s selon <span class=\"_ _3\"></span>la m\u00e9thode de <span class=\"_ _3\"></span>la mise <span class=\"_ _3\"></span>en \u00e9quivalence ou <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>coentreprises, <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>43\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>concernent <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>mise <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>\u00e9quivalence<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>autres entit\u00e9s sont mentionn\u00e9es dans la note <span class=\"ls2 ws2\">15.</span>Le <span class=\"_ _65\"> </span><span class=\"ls0 ws0\">27\ue61fseptembre <span class=\"_ _65\"> </span>2022, <span class=\"_ _65\"> </span>suite <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>perte <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>contr\u00f4le, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>a </span>comptabilis\u00e9 <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>comme une <span class=\"_ _3\"></span>participation dans une entreprise associ\u00e9e <span class=\"_ _3\"></span>\u00e0 sa <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>354\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Au <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les actions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>311\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros compte <span class=\"_ _3\"></span>tenu <span class=\"_ _3\"></span>del\u2019<span class=\"_ _0\"></span>avertissement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>r\u00e9sultats <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>(consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>comme <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>indicateur <span class=\"_ _37\"> </span>de perte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>valeur), <span class=\"_ _66\"> </span>re\ufb02\u00e9tant <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>prix <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>march\u00e9 <span class=\"_ _66\"> </span>entre <span class=\"_ _66\"> </span>le 29\ue61fseptembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _61\"> </span>2022. <span class=\"_ _61\"> </span>Cette <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 comptabilis\u00e9e dans la <span class=\"_ _3\"></span>ligne \"R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s <span class=\"_ _3\"></span>mises en \u00e9quivalence\" du compte de r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>investissements <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>non<span class=\"ff985\">\u2011</span>c\u00f4t\u00e9es\ue61f; <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>cons\u00e9quent, aucun <span class=\"_ _37\"></span>prix <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>march\u00e9 <span class=\"_ _37\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _44\"> </span>disponible <span class=\"_ _3b\"></span>pour <span class=\"_ _44\"> </span>leurs <span class=\"_ _37\"></span>actions. <span class=\"_ _3b\"></span>Aucune <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>ces entreprises <span class=\"_\"> </span>associ\u00e9es <span class=\"_\"> </span>ou <span class=\"_\"> </span>coentreprise <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>individuellement <span class=\"_\"> </span>significative pour le Groupe<span class=\"_ _0\"></span>.Au 30\ue61fseptembre<span class=\"_ _0\"></span>, 2022, le bilan consolid\u00e9 non audit\u00e9 de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> </span>se pr\u00e9sentait ainsi\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)30\ue662septembre 2022Actifs non courants<span class=\"_ _2dc\"> </span>535Actifs courants<span class=\"_ _2dd\"> </span>298T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL ACTIF<span class=\"_ _2de\"> </span>834Capitaux propres<span class=\"_ _2df\"> </span>(188)Passifs non cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e0\"> </span>720Passifs cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e1\"> </span>302T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIF<span class=\"_ _27c\"> </span>834Le <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _37\"> </span>mesure <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>obtenir <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>estimer <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>donn\u00e9es <span class=\"_ _37\"></span>du </span>dernier <span class=\"_ _37\"> </span>trimestre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>comptabiliser <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>part <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>gain/(perte) <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son entreprise <span class=\"_ _64\"> </span>associ\u00e9e <span class=\"_ _65\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _65\"> </span></span>T<span class=\"_ _23\"></span>outefois<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>compte <span class=\"_ _64\"> </span>tenu <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation comptabilis\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>\"R\u00e9sultat <span class=\"_ _3b\"></span>li\u00e9 <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>mises <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00e9quivalence\" du <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat, <span class=\"_ _37\"></span>l\u2019impact <span class=\"_ _3b\"></span>total <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat est correct.Il <span class=\"_ _3\"></span><span class=\"ls0 ws0\">convient <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noter <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>di\ue61c\u00e9rence entre <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres initiaux <span class=\"_ _3\"></span>de </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_\"> </span>nets <span class=\"_ _61\"> </span>d\u00e9comptabilis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>gain <span class=\"_ _61\"> </span>net <span class=\"_ _46\"> </span>de </span>Distribution <span class=\"_ _47\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>est <span class=\"_\"> </span>due <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>di\ue61c\u00e9rence <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00e9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>marqueT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>consid\u00e9r\u00e9 <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>immobilisation <span class=\"_ _3\"></span>incorporelle <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9e <span class=\"_ _3\"></span>en interne dans les comptes <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et donc comptabilis\u00e9e \u00e0 une valeur nulle.T<span class=\"_ _23\"></span>ransactions avec les soci\u00e9t\u00e9s mises en \u00e9quivalenceLes <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>transactions <span class=\"_\"> </span>e\ue61cectu\u00e9es par <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>entreprises <span class=\"_ _44\"> </span>associ\u00e9es <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>co<span class=\"ff985\">\u2011</span>entreprises. <span class=\"_ _37\"> </span>Ces transactions <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>e\ue61cectu\u00e9es <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>conditions <span class=\"_ _44\"> </span>normales <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"> </span>et dans le cas du <span class=\"ls7 ws7\">TSA </span>selon un principe ni gain ni perte.Depuis la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>perdu le <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>qui <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>consolid\u00e9 <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019int\u00e9gration <span class=\"_ _3\"></span>globale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>comptabilis\u00e9 selon la m\u00e9thode de la mise en \u00e9quivalence<span class=\"_ _0\"></span>, et qui reste donc une partie li\u00e9e \u00e0 V<span class=\"_ _1\"></span>antiva.Exercice clos (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)le\ue66231\ue662d\u00e9cembre\ue6622022Actifs<span class=\"_ _2e2\"> </span><span class=\"ff991\">\ue662</span>Cr\u00e9ances envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e3\"> </span>11T<span class=\"_ _23\"></span>otal des actifs envers des Parties li\u00e9es<span class=\"_ _2e4\"> </span>11Passifs<span class=\"_ _2e5\"> </span><span class=\"ff991\">\ue662</span>Provision co\u00fbts de s\u00e9par<span class=\"_ _0\"></span>ation<span class=\"_ _2e6\"> </span>6Dettes envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e7\"> </span>2T<span class=\"_ _23\"></span>otal des passifs envers des Parties li\u00e9es<span class=\"_ _2e8\"> </span>8R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies<span class=\"_ _2e9\"> </span><span class=\"ff991\">\ue662</span>Autres produits d\u2019<span class=\"_ _1\"></span>exploitation avec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ea\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _12b\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9 arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2eb\"> </span><span class=\"ff991\">\ue662</span>Autres produits (charges) av<span class=\"_ _0\"></span>ec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ec\"> </span>1R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _2ed\"> </span>1\ue61fLes <span class=\"_ _0\"></span>transactions entre <span class=\"_ _0\"></span>partie li\u00e9es incluses <span class=\"_ _0\"></span>dans le compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9 ne concernent <span class=\"_ _0\"></span>que les tr<span class=\"_ _0\"></span>ansactions intervenues apr\u00e8s <span class=\"_ _0\"></span>la Distribution <span class=\"_ _0\"></span>de <span class=\"lsb3 wsb3\">TC<span class=\"_ _3\"></span>S.</span>Note 3<span class=\"_ _c3\"> </span>I<span class=\"_ _0\"></span>nformation par segment et par zone g\u00e9ogr<span class=\"_ _0\"></span>aphique3<span class=\"_ _3\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">Information p<span class=\"_ _0\"></span>ar segment</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">groupe <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constitu\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies, <span class=\"_ _3\"></span>consid\u00e9r\u00e9es </span>comme <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>segments <span class=\"_ _61\"> </span>op\u00e9rationnels <span class=\"_ _46\"> </span>conform\u00e9ment <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>IFRS\ue61f8\ue61f: <span class=\"_ _61\"> </span>Maison Connect\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>Solutions <span class=\"_ _64\"> </span>Logistiques <span class=\"_ _64\"> </span>(SCS) <span class=\"_ _64\"> </span>(anciennement <span class=\"_ _64\"> </span>\u00ab\ue61fSer<span class=\"_ _3\"></span>vices D<span class=\"_ _0\"></span>VD\ue61f\u00bb).Le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>prend <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _60\"> </span>op\u00e9rationnelles <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9value <span class=\"_ _61\"> </span>les performances <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>base <span class=\"_ _61\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _60\"> </span>deux <span class=\"_ _60\"> </span>segments op\u00e9rationnels<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>restantes <span class=\"_ _3b\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>fonctions <span class=\"_ _3b\"></span>transverses) sont regroup\u00e9es dans le segment \u00ab\ue61f<span class=\"ff992\">C<span class=\"_ _0\"></span>orporate<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb.</span></span>Les <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>Licences <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>Marques <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Cr<span class=\"_ _0\"></span>eative <span class=\"_ _44\"> </span>Studios <span class=\"_ _47\"> </span>sont pr\u00e9sent\u00e9es dans <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2021 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>incluses <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la note informations par segment.Maison Connect\u00e9eLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">segment <span class=\"_ _3\"></span>Maison <span class=\"_ _3\"></span>Connect\u00e9e <span class=\"_ _3b\"></span>o\ue61ere <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>gamme <span class=\"_ _3b\"></span>compl\u00e8te <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>terminaux </span>domestiques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>op\u00e9rateurs <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>t\u00e9l\u00e9vision payante <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9seaux, <span class=\"_ _3\"></span>incluant <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>modems <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>passerelles <span class=\"_ _3\"></span>haut <span class=\"_ _3\"></span>d\u00e9bit, des <span class=\"_ _3b\"></span>d\u00e9codeurs <span class=\"_ _3\"></span>num\u00e9riques, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>appareils <span class=\"_ _3b\"></span>connect\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019\ue61f\u00ab\ue61fInternet <span class=\"_ _3\"></span>des objets\ue61f\u00bb. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _37\"> </span></span>segment <span class=\"_ _44\"> </span>Maison <span class=\"_ _3b\"></span>Connect\u00e9e <span class=\"_ _37\"> </span>g\u00e9n\u00e8re <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>revenus <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>vente de ces biens et des services associ\u00e9s.Solutions Logistiques (SCS)\ue61f(pr\u00e9c\u00e9demment nomm\u00e9e \u00ab\ue61fServices D<span class=\"_ _0\"></span>VD\ue61f\u00bb)Le <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">segment <span class=\"_ _60\"> </span></span>SCS<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">est <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span><span class=\"ff992\">leader<span class=\"_ _60\"> </span></span><span class=\"ws0\"> mondial <span class=\"_ _60\"> </span></span>dans <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9plication, </span>d\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>distribution <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>CD<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>DVD<span class=\"_ _1\"></span>, <span class=\"_ _3b\"></span>Blu<span class=\"ff993 ls0 ws0\">\u2011</span>ray\u2122 <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>vid\u00e9os, <span class=\"_ _3\"></span>jeux <span class=\"_ _3b\"></span>et musique. <span class=\"ls69 ws69\">Le </span>segment <span class=\"_ _3\"></span>porte une attention <span class=\"_ _3\"></span>particuli\u00e8re \u00e0 la diversification <span class=\"_ _3\"></span>de ses activit\u00e9s <span class=\"_ _65\"> </span>hors <span class=\"_ _64\"> </span>pack <span class=\"_ _65\"> </span>m\u00e9dia, <span class=\"_ _64\"> </span>o\ue61erant <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>solutions <span class=\"_ _65\"> </span>compl\u00e8tes <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>services d\u2019<span class=\"_ _0\"></span>approvisionnement, <span class=\"_ _3\"></span>comprenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>services <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>distribution, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>ex\u00e9cution, <span class=\"_ _3\"></span>de courtage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>fret <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>gestion <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transport. <span class=\"_ _3b\"></span><span class=\"ls1 ws1\">En <span class=\"_ _3b\"></span></span>outre, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>segment <span class=\"_ _3b\"></span>acc\u00e9l\u00e8re <span class=\"_ _3\"></span>le d\u00e9veloppement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>nouvelles <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>fabrication <span class=\"_\"> </span>non <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>disques, comprenant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>production <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dispositifs <span class=\"_ _3b\"></span>micro <span class=\"_ _3\"></span>\ufb02uidiques <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>polym\u00e8res destin\u00e9s <span class=\"_\"> </span>aux <span class=\"_\"> </span>diagnostics <span class=\"_ _47\"> </span>m\u00e9dicaux <span class=\"_\"> </span>et <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>inv<span class=\"_ _0\"></span>estissements <span class=\"_\"> </span>r\u00e9cents <span class=\"_\"> </span>dans <span class=\"_\"> </span>des capacit\u00e9s de <span class=\"_ _0\"></span>production d\u00e9di\u00e9es <span class=\"_ _0\"></span>\u00e0 la f<span class=\"_ _0\"></span>abrication de disques <span class=\"_ _0\"></span>vinyle.Corpor<span class=\"_ _0\"></span>ate<span class=\"ff98b\"> &amp; Autres</span>Le <span class=\"ls0 ws0\">segment \u00ab\ue61f<span class=\"ff992\">Corporat<span class=\"_ _0\"></span>e<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb regroupe\ue61f:</span></span></span>\u2022les <span class=\"_ _44\"> </span>fonctions <span class=\"_\"> </span>centrales <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _47\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>fonctions <span class=\"_ _64\"> </span>centrales, <span class=\"_ _65\"> </span>comme <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>achats, <span class=\"_ _65\"> </span>les Ressources <span class=\"_ _60\"> </span>Humaines<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>l\u2019informatique, <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>finance, <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>marketing <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>la communication, les <span class=\"_ _3\"></span>affaires juridiques et <span class=\"_ _3\"></span>la gestion de <span class=\"_ _3\"></span>l\u2019immobilier<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>qui ne <span class=\"_ _37\"> </span>prestent <span class=\"_ _44\"> </span>pas <span class=\"_ _37\"> </span>directement <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8re au <span class=\"_ _37\"> </span>sein <span class=\"_ _44\"> </span>des deux segments du Groupe\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _46\"> </span>Licences <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>Brevet, <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>mon\u00e9tise <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>droits <span class=\"_\"> </span>et <span class=\"_\"> </span>brevets <span class=\"_ _46\"> </span>non c\u00e9d\u00e9s \u00e0 InterD<span class=\"_ _0\"></span>igital\ue61f;\u2022les <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _65\"> </span>li\u00e9s <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>vendues, <span class=\"_ _64\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>des engagements <span class=\"_\"> </span>provenant <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>anciennes <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9lectronique <span class=\"_\"> </span>gr<span class=\"_ _0\"></span>and public, majoritairement des engagements de retraite et co\u00fbts juridiques<span class=\"_ _0\"></span>.Exer<span class=\"_ _0\"></span>cice clos le 31\ue662d\u00e9cembre 2022Maison Corporat<span class=\"_ _0\"></span>e<span class=\"ff99c\"> &amp; </span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Connect\u00e9e<span class=\"_ _1ee\"> </span><span class=\"ff99c ls66 ws66\">SC<span class=\"_ _3\"></span>S</span>Autres<span class=\"_ _39\"> </span><span class=\"ff99e fcc\">TOTAL Vantiva</span>Compte de r\u00e9sultat<span class=\"_ _274\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _12a\"> </span>2\ue61f120<span class=\"_ _17e\"> </span><span class=\"ls70 ws70\">6<span class=\"_ _3\"></span>55<span class=\"_ _8f\"> </span></span>1<span class=\"_ _97\"> </span>2\ue61f776Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires inter<span class=\"ff99f\">\u2011</span>segments<span class=\"_ _ec\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-R\u00e9sultat avant char<span class=\"_ _0\"></span>ges \ue75cnanci\u00e8res et imp\u00f4ts (EBIT<span class=\"_ _3\"></span>) des activit\u00e9s poursuivies<span class=\"_ _9\"> </span><span class=\"ff99c\">34<span class=\"_ _197\"> </span></span>(3)<span class=\"_ _9\"> </span>(<span class=\"_ _0\"></span>41)<span class=\"_ _7e\"> </span>(11)Dont\ue61f:<span class=\"_ _2ee\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fAmortissements des incorporels issus des acquisitions<span class=\"_ _1e7\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _30\"> </span></span>(<span class=\"_ _3\"></span>7)<span class=\"_ _1a1\"> </span>-<span class=\"_ _17e\"> </span>(31)P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants op\u00e9rationnels<span class=\"_ _3e\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _33\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _268\"> </span>(5)Co\u00fbts de restructuration<span class=\"_ _213\"> </span>(1)<span class=\"_ _17e\"> </span>(12)<span class=\"_ _268\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _17e\"> </span></span>(17)Autres produits (charges)<span class=\"_ _2ef\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _30\"> </span>(6<span class=\"_ _3\"></span>)<span class=\"_ _268\"> </span></span>(<span class=\"_ _3\"></span>2)<span class=\"_ _17e\"> </span>(13)EBIT<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _11f\"> </span><span class=\"ff99c\">66<span class=\"_ _82\"> </span></span>23<span class=\"_ _1ee\"> </span>(<span class=\"_ _3\"></span>35)<span class=\"_ _5\"> </span><span class=\"ls70 ws70\">55</span>Dont\ue61f:<span class=\"_ _2ee\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fAmortissements et d\u00e9pr\u00e9ciations<span class=\"_ _98\"> </span>(<span class=\"_ _0\"></span>67)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>33)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9a\"> </span>(104)(1)Autres \u00e9l\u00e9ments sans contrepartie de tr<span class=\"_ _0\"></span>\u00e9sorerie\ue61f<span class=\"_ _2f0\"> </span>(1)<span class=\"_ _1a1\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _30\"> </span>(2)EBITD<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2aa\"> </span>135<span class=\"_ _33\"> </span>56<span class=\"_ _34\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _19b\"> </span><span class=\"ff99c\">161</span>\u00c9tat de la situation \ue75cnanci\u00e8r<span class=\"_ _0\"></span>e<span class=\"_ _10f\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662Actifs sectoriels<span class=\"_ _12d\"> </span>1\ue61f5<span class=\"_ _0\"></span>53<span class=\"_ _17e\"> </span>445<span class=\"_ _251\"> </span>28<span class=\"_ _74\"> </span>2\ue61f026Actifs non a\ue61eect\u00e9s<span class=\"_ _29a\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _197\"> </span>317T<span class=\"_ _23\"></span>otal actif consolid\u00e9<span class=\"_ _19f\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _74\"> </span>2\ue662343Passifs sectoriels<span class=\"_ _12a\"> </span>1\ue61f077<span class=\"_ _19b\"> </span>199<span class=\"_ _184\"> </span>296<span class=\"_ _178\"> </span>1\ue61f572Passifs non a\ue61eect\u00e9s<span class=\"_ _235\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _19b\"> </span>451T<span class=\"_ _23\"></span>otal passif consolid\u00e9 hors capitaux propres<span class=\"_ _2f1\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _d5\"> </span>2\ue662023Autres informations<span class=\"_ _2a7\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662Investissements nets<span class=\"_ _286\"> </span>(61)<span class=\"_ _7e\"> </span>(18)<span class=\"_ _33\"> </span>(1)<span class=\"_ _154\"> </span>(80)Capitaux mis en \u0153uvre<span class=\"_ _2ab\"> </span>67<span class=\"_ _197\"> </span>123<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>25)<span class=\"_ _19b\"> </span>165(1) Principalement la variation des pr<span class=\"_ _0\"></span>ovisions pour risques, litiges <span class=\"ls5e ws5e\">et </span>gar<span class=\"_ _0\"></span>anties.<span class=\"_ _2f2\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _cc\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fExer<span class=\"_ _0\"></span>cice clos le 31\ue662d\u00e9cembre 2021Maison Corporat<span class=\"_ _0\"></span>e(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Connect\u00e9e<span class=\"_ _d5\"> </span><span class=\"ff9a7 ls66 ws66\">SCS</span>&amp;\ue662Autres<span class=\"_ _6b\"> </span><span class=\"ff9a9 fcc\">TOTAL Vantiva</span>Compte de r\u00e9sultat<span class=\"_ _121\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _23a\"> </span>1\ue61f544<span class=\"_ _1ee\"> </span><span class=\"ls70 ws70\">70<span class=\"_ _3\"></span>1<span class=\"_ _82\"> </span></span>5<span class=\"_ _58\"> </span>2\ue61f250Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires inter<span class=\"ff9aa\">\u2011</span>segments<span class=\"_ _203\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _91\"> </span>-R\u00e9sultat avant char<span class=\"_ _0\"></span>ges \ue75cnanci\u00e8res et imp\u00f4ts (EBIT<span class=\"_ _3\"></span>) des activit\u00e9s poursuivies<span class=\"_ _1d8\"> </span><span class=\"ff9a7\">11<span class=\"_ _91\"> </span>-<span class=\"_ _a8\"> </span></span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _1a4\"> </span></span>(13)Dont\ue61f:<span class=\"_ _2f3\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61fAmortissements des incorporels issus des acquisitions<span class=\"_ _2d2\"> </span>(21)<span class=\"_ _1d\"> </span>(9)<span class=\"_ _91\"> </span>-<span class=\"_ _74\"> </span>(30)P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants op\u00e9rationnels<span class=\"_ _16b\"> </span>(1)<span class=\"_ _9\"> </span>(2)<span class=\"_ _91\"> </span>-<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>2)Co\u00fbts de restructuration<span class=\"_ _157\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _17d\"> </span></span>(17)<span class=\"_ _1a4\"> </span>(10)<span class=\"_ _97\"> </span>(<span class=\"_ _3\"></span>31)Autres produits (charges)<span class=\"_ _107\"> </span>(8)<span class=\"_ _91\"> </span>-<span class=\"_ _19b\"> </span>18<span class=\"_ _23f\"> </span>10EBIT<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2f4\"> </span>45<span class=\"_ _184\"> </span>27<span class=\"_ _d5\"> </span>(33)<span class=\"_ _184\"> </span><span class=\"ff9a7\">39</span>Dont\ue61f:<span class=\"_ _2f3\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61fAmortissements et d\u00e9pr\u00e9ciations<span class=\"_ _241\"> </span>(64)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _9\"> </span>(2)<span class=\"_ _d7\"> </span>(103)(1)Autres \u00e9l\u00e9ments sans contrepartie de tr<span class=\"_ _0\"></span>\u00e9sorerie\ue61f<span class=\"_ _a2\"> </span>6<span class=\"_ _1d\"> </span>(2)<span class=\"_ _9\"> </span>(2)<span class=\"_ _82\"> </span>2EBITD<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2bb\"> </span>103<span class=\"_ _17e\"> </span>67<span class=\"_ _a8\"> </span>(<span class=\"_ _3\"></span>29)<span class=\"_ _1ee\"> </span>141\u00c9tat de la situation \ue75cnanci\u00e8r<span class=\"_ _0\"></span>e<span class=\"_ _2f5\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1c6\"> </span>\ue662Actifs sectoriels<span class=\"_ _128\"> </span>1\ue61f324<span class=\"_ _154\"> </span>715<span class=\"_ _d7\"> </span>(165)<span class=\"_ _185\"> </span>1\ue61f875Actifs non a\ue61eect\u00e9s<span class=\"_ _2ae\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _186\"> </span>2\ue61f863(2)Actifs relatifs aux activit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios et Licences de\ue61fMarques\ue61f<span class=\"_ _292\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1ee\"> </span>772T<span class=\"_ _23\"></span>otal actif consolid\u00e9<span class=\"_ _2f6\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1dc\"> </span>5\ue662509Passifs sectoriels<span class=\"_ _2bb\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _3\"></span>5<span class=\"_ _17d\"> </span></span>208<span class=\"_ _34\"> </span>329<span class=\"_ _194\"> </span>1\ue61f303Passifs non a\ue61eect\u00e9s<span class=\"_ _212\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _194\"> </span>1\ue61f286(2)Passifs r<span class=\"_ _0\"></span>elatifs aux activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios et Licences de\ue61fMarques\ue61f<span class=\"_ _7\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _4e\"> </span><span class=\"lsa9 wsa9\">276</span>T<span class=\"_ _23\"></span>otal passif consolid\u00e9 hors capitaux propres<span class=\"_ _2bd\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1dc\"> </span>2\ue662866Autres informations<span class=\"_ _2f7\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1c6\"> </span>\ue662Investissements nets<span class=\"_ _122\"> </span>(60)<span class=\"_ _1d\"> </span>(9)<span class=\"_ _91\"> </span>-<span class=\"_ _9e\"> </span>(69)Capitaux mis en \u0153uvre<span class=\"_ _2f8\"> </span>179<span class=\"_ _4e\"> </span><span class=\"ls53 ws53\">247<span class=\"_ _9e\"> </span></span>(<span class=\"_ _3\"></span>36)<span class=\"_ _178\"> </span>390(1) Principalement la variation des pr<span class=\"_ _0\"></span>ovisions pour risques, litiges <span class=\"ls5e ws5e\">et </span>gar<span class=\"_ _0\"></span>anties.(2) <span class=\"_ _3\"></span>Les donn\u00e9es 2021 ont <span class=\"_ _3\"></span><span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retrait\u00e9es des \u00e9l\u00e9ments relatifs aux <span class=\"_ _3\"></span>activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et </span>Licences de <span class=\"_ _3\"></span>Marques comptabilis\u00e9es au sein des <span class=\"_ _3\"></span>activit\u00e9s arr\u00eat\u00e9es ou en <span class=\"_ _3\"></span>cours de cession (cf<span class=\"_ _0\"></span>. note 12).Les <span class=\"_ _65\"> </span>commentaires <span class=\"_ _64\"> </span>suivants <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>applicables <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>deux <span class=\"_ _64\"> </span>tableaux ci<span class=\"ff9aa\">\u2011</span>dessus\ue61f:1.la <span class=\"_ _65\"> </span>ligne <span class=\"_ _65\"> </span>\u00ab\ue61fEBITD<span class=\"_ _1\"></span>A <span class=\"_ _65\"> </span>ajust\u00e9\ue61f\u00bb <span class=\"_ _65\"> </span>correspond <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>activit\u00e9s poursuivies <span class=\"_ _3b\"></span>avant <span class=\"_ _3b\"></span>imp\u00f4t <span class=\"_ _37\"> </span>et <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>financier <span class=\"_ _37\"></span>net <span class=\"_ _3b\"></span>excluant <span class=\"_ _37\"></span>notamment les <span class=\"_ _3\"></span>autres <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>charges, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciations <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>amortissements (y compris l\u2019impact des provisions pour risques<span class=\"_ _0\"></span>, garanties ou litiges\ue61f;2.la <span class=\"_ _4c\"> </span>ligne <span class=\"_ _4c\"> </span>\u00ab\ue61fEBIT<span class=\"_ _1\"></span>A <span class=\"_ _4c\"> </span>ajust\u00e9\ue61f\u00bb <span class=\"_ _4c\"> </span>correspond <span class=\"_ _4c\"> </span>au <span class=\"_ _4c\"> </span>r\u00e9sultat <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>activit\u00e9s poursuivies <span class=\"_ _3b\"></span>avant <span class=\"_ _3\"></span>imp\u00f4t <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>financier <span class=\"_ _3b\"></span>net, <span class=\"_ _3b\"></span>excluant <span class=\"_ _3\"></span>notamment les <span class=\"_ _44\"> </span>autres <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>oduits <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>charges <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciations <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _47\"> </span>de PP<span class=\"_ _0\"></span>A\ue61f;3.les <span class=\"_ _65\"> </span>lignes <span class=\"_ _65\"> </span>\u00ab\ue61fT<span class=\"_ _23\"></span>otal <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>sectoriels\ue61f\u00bb <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>\u00ab\ue61fT<span class=\"_ _f\"></span>otal <span class=\"_ _65\"> </span>passifs <span class=\"_ _64\"> </span>sectoriels\ue61f\u00bb comprennent <span class=\"_\"> </span>tous <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>exploitation <span class=\"_\"> </span>utilis\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le segment\ue61f;4.la <span class=\"_ _66\"> </span>ligne <span class=\"_ _4c\"> </span>\u00ab\ue61fActifs <span class=\"_ _66\"> </span>non <span class=\"_ _4c\"> </span>affect\u00e9s\ue61f\u00bb <span class=\"_ _4c\"> </span>inclut <span class=\"_ _66\"> </span>principalement <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>actifs financiers, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>comptes <span class=\"_ _64\"> </span>courants <span class=\"_ _61\"> </span>avec <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>soci\u00e9t\u00e9s <span class=\"_ _64\"> </span>li\u00e9es<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>les <span class=\"_ _61\"> </span>actifs d\u2019imp\u00f4t, <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>\u00e9quivalents <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f;5.la <span class=\"_ _65\"> </span>ligne <span class=\"_ _64\"> </span>\u00ab\ue61fPassifs <span class=\"_ _64\"> </span>non <span class=\"_ _65\"> </span>affect\u00e9s\ue61f\u00bb <span class=\"_ _64\"> </span>inclut <span class=\"_ _65\"> </span>principalement <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>passifs financiers et d\u2019imp\u00f4ts ainsi que les passifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f;6.la <span class=\"_\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fInvestissements <span class=\"_ _44\"> </span>nets\ue61f\u00bb <span class=\"_\"> </span>correspond <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9penses <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux acquisitions <span class=\"_\"> </span>d\u2019immobilisations <span class=\"_\"> </span>corporelles <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>incorporelles <span class=\"_\"> </span>nettes <span class=\"_ _46\"> </span>de l\u2019<span class=\"_ _0\"></span>encaissement <span class=\"_ _64\"> </span>li\u00e9 <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>cessions <span class=\"_ _60\"> </span>d\u2019immobilisations <span class=\"_ _65\"> </span>corpor<span class=\"_ _0\"></span>elles <span class=\"_ _64\"> </span>et incorporelles\ue61f;7.la <span class=\"_ _60\"> </span>ligne <span class=\"_ _60\"> </span>\u00ab\ue61fCapitaux <span class=\"_ _60\"> </span>mis <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>\u0153uvre\ue61f\u00bb <span class=\"_ _60\"> </span>correspond <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>somme <span class=\"_ _60\"> </span>des immobilisations <span class=\"_ _44\"> </span>corporelles <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>incorporelles <span class=\"_ _37\"> </span>nettes <span class=\"_ _47\"> </span>(\u00e0 <span class=\"_ _37\"> </span>l\u2019ex<span class=\"_ _0\"></span>ception <span class=\"_ _44\"> </span>des \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition), du besoin <span class=\"_ _3\"></span>en fonds de roulement d\u2019<span class=\"_ _0\"></span>exploitation et des <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>courants <span class=\"_ _3\"></span>(\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>dont celles <span class=\"_ _46\"> </span>pour <span class=\"_ _61\"> </span>retraites <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>assimil\u00e9s, <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>l\u2019imp\u00f4t, <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>dettes relatives <span class=\"_ _60\"> </span>aux <span class=\"_ _64\"> </span>acquisitions <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s <span class=\"_ _64\"> </span>et <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>dettes <span class=\"_ _64\"> </span>aux <span class=\"_ _60\"> </span>fournisseurs d\u2019immobilisations).3.2<span class=\"_ _2c\"> </span>Produits des activit\u00e9s or<span class=\"_ _0\"></span>dinaires tir\u00e9s de contrats conclus av<span class=\"_ _0\"></span>ec des clientsSelon <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>15, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transfert de <span class=\"_ _60\"> </span>biens <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _60\"> </span>promis <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>clients <span class=\"_ _61\"> </span>pour <span class=\"_ _64\"> </span>des <span class=\"_ _61\"> </span>montants <span class=\"_ _64\"> </span>qui correspondent \u00e0 la contrepartie \u00e0 laquelle une entit\u00e9 s'attend \u00e0 av<span class=\"_ _0\"></span>oir droit en \u00e9change de ces biens et services.Lorsque <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9alis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>obligation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>performance ou <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _37\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>passif <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>est constat\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>bilan. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>out <span class=\"_ _3b\"></span>droit <span class=\"_ _3b\"></span>inconditionnel <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>paiement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9 s\u00e9par\u00e9ment en cr\u00e9ance client.Segment Maison Connect\u00e9eLe <span class=\"_ _66\"> </span>segment <span class=\"_ _4c\"> </span>Maison <span class=\"_ _66\"> </span>Connect\u00e9e <span class=\"_ _4c\"> </span>o\ue61fre <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>gamme <span class=\"_ _4c\"> </span>compl\u00e8te <span class=\"_ _66\"> </span>de terminaux <span class=\"_ _3b\"></span>domestiques <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>d\u00e9veloppe \u00e9galement <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>solutions <span class=\"_ _65\"> </span>logicielles. <span class=\"_ _65\"> </span>Les <span class=\"_ _65\"> </span>contrats <span class=\"_ _65\"> </span>sign\u00e9s <span class=\"_ _65\"> </span>n'ont <span class=\"_ _65\"> </span>pas d'obligation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_ _44\"> </span>multiple <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>il <span class=\"_ _44\"> </span>n'y <span class=\"_ _44\"> </span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>variable dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>temps. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>logiciels <span class=\"_ _44\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>modems <span class=\"_\"> </span>ou <span class=\"_ _37\"> </span>les <span class=\"_ _47\"> </span>d\u00e9codeurs num\u00e9riques <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>sp\u00e9cifiques <span class=\"_ _62\"> </span>\u00e0 <span class=\"_ _62\"> </span>chaque <span class=\"_ _62\"> </span>client <span class=\"_ _62\"> </span>et <span class=\"_ _63\"> </span>ne <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>pas commercialis\u00e9s <span class=\"_ _3\"></span>s\u00e9par\u00e9ment. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>revenus <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>des biens.Segment Solutions Logistiques (SCS)Notre <span class=\"_ _46\"> </span>division <span class=\"_ _61\"> </span>Solution <span class=\"_ _61\"> </span>Logistiques <span class=\"_ _46\"> </span>o\ue61fre <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>solutions <span class=\"_ _61\"> </span>cl\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _46\"> </span>main d\u2019<span class=\"_ _0\"></span>approvisionnement <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>services, <span class=\"_ _3b\"></span>incluant <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>mastering, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9plication, l\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>travers <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>distincts <span class=\"_ _3\"></span>(un <span class=\"_ _3b\"></span>contrat de <span class=\"_ _3\"></span>r\u00e9plication et <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>distribution). <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>variable sur <span class=\"_ _3\"></span>la dur\u00e9e <span class=\"_ _61\"> </span>du <span class=\"_ _64\"> </span>contrat, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>revenus <span class=\"_ _60\"> </span>sont <span class=\"_ _60\"> </span>ajust\u00e9s <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>anticiper <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>remise probable<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>divisions, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>de la livraison des services.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>deux divisions, <span class=\"_ _3\"></span>le chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires est <span class=\"_ _3\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>livraison des services.3.2.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Chiffre d\u2019<span class=\"_ _1\"></span>affairesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019IFRS\ue61d15 <span class=\"_ _3b\"></span><span class=\"ff9b1\">\u2012<span class=\"_ _3\"></span></span> Produits <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>ordinair<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>tir\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>contrats <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>clients, <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019a\ue61f<span class=\"_ _0\"></span>aires <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>poursuivies <span class=\"_ _3\"></span>se <span class=\"_ _3b\"></span>r\u00e9partit <span class=\"_ _3\"></span>par </span>m\u00e9thode de reconnaissance des revenus de la f<span class=\"_ _0\"></span>a\u00e7on suivante\ue61d:31\ue662d\u00e9cembre Maison Corporat<span class=\"_ _0\"></span>e31\ue662d\u00e9cembre (en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)2022Connect\u00e9e<span class=\"_ _1da\"> </span><span class=\"ls66 ws66\">SCS</span>&amp;\ue662Autres2021\ue662*Revenus reconnus \u00e0 la livr<span class=\"_ _0\"></span>aison des biens et ser<span class=\"_ _3\"></span>vices<span class=\"_ _171\"> </span>2\ue61d775<span class=\"_ _8a\"> </span>2\ue61d120<span class=\"_ _193\"> </span><span class=\"ls70 ws70\">6<span class=\"_ _3\"></span>55<span class=\"_ _1cf\"> </span></span>-<span class=\"_ _180\"> </span>2\ue61d245Revenus des brev<span class=\"_ _0\"></span>ets<span class=\"_ _217\"> </span>1<span class=\"_ _1cf\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>1<span class=\"_ _23f\"> </span>5REVENUS DES ACTIVIT\u00c9S POURSUIVIES<span class=\"_ _cd\"> </span>2\ue66277<span class=\"_ _0\"></span>6<span class=\"_ _ae\"> </span>2\ue662120<span class=\"_ _185\"> </span><span class=\"ls70 ws70\">655<span class=\"_ _1cf\"> </span></span><span class=\"ff9b4\">1<span class=\"_ _5c\"> </span></span>2\ue662250* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dInformation sur les principaux clientsLes <span class=\"_ _37\"> </span>trois <span class=\"_ _44\"> </span>principaux <span class=\"_ _44\"> </span>clients <span class=\"_ _44\"> </span>repr\u00e9sentent <span class=\"_ _37\"> </span>35\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _37\"> </span>consolid\u00e9 <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>(985\ue61dmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os) <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>34\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires consolid\u00e9 du Groupe au 31\ue61dd\u00e9cembr<span class=\"_ _0\"></span>e 2021 (<span class=\"_ _3\"></span>754\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros).Autres informations par zone g\u00e9ographiqueRoyaume-Reste de \u00c9tats<span class=\"_ _0\"></span>-Reste de Asie-(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)Fr<span class=\"_ _0\"></span>anceUnil\u2019Eur<span class=\"_ _0\"></span>opeUnisl\u2019<span class=\"_ _f\"></span>Am\u00e9riquePaci\ue75cque<span class=\"_ _7b\"> </span><span class=\"ff9b3 fcc\">TOTAL</span>Chi\ue75bre d\u2019<span class=\"_ _0\"></span>a\ue75baires<span class=\"_ _a0\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _194\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _185\"> </span>\ue662<span class=\"_ _194\"> </span>\ue6622022<span class=\"_ _13e\"> </span>456<span class=\"_ _c2\"> </span>18<span class=\"_ _189\"> </span>117<span class=\"_ _27\"> </span>1\ue61d523<span class=\"_ _188\"> </span>419<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3<span class=\"_ _11\"> </span></span>2\ue61d7762021\ue61d*<span class=\"_ _5d\"> </span>427<span class=\"_ _c8\"> </span>22<span class=\"_ _a7\"> </span>115<span class=\"_ _8c\"> </span>1\ue61d191<span class=\"_ _188\"> </span>333<span class=\"_ _ac\"> </span>162<span class=\"_ _26\"> </span>2\ue61d250Actifs sectoriels<span class=\"_ _142\"> </span><span class=\"ff9b0\">\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d</span>2022<span class=\"_ _13e\"> </span>694<span class=\"_ _5c\"> </span>20<span class=\"_ _5c\"> </span>50<span class=\"_ _ab\"> </span>923<span class=\"_ _69\"> </span>258<span class=\"_ _5c\"> </span>80<span class=\"_ _84\"> </span>2\ue61d0252021\ue61d*<span class=\"_ _170\"> </span>564<span class=\"_ _89\"> </span>25<span class=\"_ _5c\"> </span>49<span class=\"_ _188\"> </span>927<span class=\"_ _188\"> </span>232<span class=\"_ _c2\"> </span>77<span class=\"_ _2c9\"> </span>1\ue61d875* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dLe <span class=\"ls0 ws0\">chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires est pr\u00e9sent\u00e9 en fonction de la situation g\u00e9ogr<span class=\"_ _0\"></span>aphique de la soci\u00e9t\u00e9 qui \u00e9met la facture.</span>3.3<span class=\"_ _81\"> </span>Pr<span class=\"_ _0\"></span>oduits et charges d\u2019<span class=\"_ _1\"></span>exploitation3.3.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Frais de r<span class=\"_ _0\"></span>echerche et d\u00e9veloppementExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais de recherche et de d\u00e9veloppement, bruts<span class=\"_ _120\"> </span>(87)<span class=\"_ _12c\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)</span>Projets de d\u00e9veloppement inscrits en immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _2f9\"> </span>35<span class=\"_ _e4\"> </span>30Amortissement des actifs incorporels de d\u00e9veloppement<span class=\"_ _2b7\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _12c\"> </span>(39)FRAIS DE RECHERCHE ET DE D\u00c9VEL<span class=\"_ _1\"></span>OPPEMENT<span class=\"_ _1\"></span>, NETS DES SUBVENTIONS<span class=\"_ _285\"> </span>(89)<span class=\"_ _e5\"> </span>(84)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.3.3.2<span class=\"_ _c0\"> </span>F<span class=\"_ _0\"></span>rais commerciaux et administratifsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais commerciaux et de marketing<span class=\"_ _26e\"> </span>(81)<span class=\"_ _12c\"> </span>(<span class=\"_ _0\"></span>69)Fr<span class=\"_ _0\"></span>ais g\u00e9n\u00e9raux et administratifs<span class=\"_ _2fa\"> </span>(124)<span class=\"_ _153\"> </span>(113)FRAIS COMMER<span class=\"_ _0\"></span>CIAUX ET DE MARKETING<span class=\"_ _119\"> </span>(<span class=\"_ _3\"></span>205)<span class=\"_ _e7\"> </span>(182)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.3.3.3<span class=\"_ _c0\"> </span>Autres produitsLes autres pr<span class=\"_ _0\"></span>oduits sont d\u00e9finis selon la recommandation 2013<span class=\"ff9be\">\u2011</span>03 du CNC relative au format des \u00e9tats financiers consolid\u00e9s pr\u00e9par\u00e9s selon les normes comptables <span class=\"_ _44\"> </span>internationales <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>incluent <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>significatifs <span class=\"_ _44\"> </span>qui, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>raison <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>nature <span class=\"_ _37\"> </span>exceptionnelle, <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>peuvent <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>consid\u00e9r\u00e9s <span class=\"_ _44\"> </span>comme inh\u00e9rents <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>courantes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3b\"></span></span>s\u2019agit <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>cessions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>consolid\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>int\u00e9gration globale, des co\u00fbts <span class=\"_ _3\"></span>engag\u00e9s <span class=\"_ _3\"></span>ou estim\u00e9s <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>des litiges <span class=\"_ _3\"></span>importants, ainsi <span class=\"_ _3\"></span>que des <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019IFRS\ue61f3 r\u00e9vis\u00e9e <span class=\"_ _3\"></span>et \u00e0 <span class=\"_ _3\"></span>l\u2019IAS\ue61f27 r\u00e9vis\u00e9e, comme <span class=\"_ _3\"></span>les co\u00fbts d\u2019<span class=\"_ _0\"></span>acquisition et les changements dans les compl\u00e9ments de prix li\u00e9s aux regroupements d\u2019<span class=\"_ _1\"></span>entreprises.Exercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Plus values de cession d\u2019<span class=\"_ _0\"></span>actifs nettes<span class=\"_ _155\"> </span>-<span class=\"_ _10\"> </span>23Litiges et autres<span class=\"_ _2fb\"> </span>(13)<span class=\"_ _292\"> </span>(13)AUTRES PRODUIT<span class=\"_ _0\"></span>S<span class=\"_ _14d\"> </span>(13)<span class=\"_ _f0\"> </span>11* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.Les <span class=\"_ _3b\"></span>litiges <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>autres <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>incluent <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>plan d\u2019investissement <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>long <span class=\"_\"> </span>terme <span class=\"_ _61\"> </span>(L<span class=\"_ _f\"></span>TIP) <span class=\"_ _61\"> </span>2020 <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>4\ue61fmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _46\"> </span>les autres <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>induits <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>Distribution <span class=\"_ _37\"></span>pour <span class=\"_ _37\"> </span>3\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>diverses charges li\u00e9es \u00e0 des litiges en cours<span class=\"_ _0\"></span>.Au <span class=\"_ _28\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2021, <span class=\"_ _28\"> </span>les <span class=\"_ _62\"> </span>plus<span class=\"ff9be\">\u2011</span>values <span class=\"_ _28\"> </span>de <span class=\"_ _62\"> </span>cession <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _62\"> </span>nettes comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>recyclage <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>r\u00e9serves <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_\"> </span>en r\u00e9sultat pour <span class=\"_ _3\"></span>un montant <span class=\"_ _3\"></span>de 22\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en application <span class=\"_ _3\"></span>d\u2019IAS\ue61f21. <span class=\"ls4 ws4\">Ce<span class=\"_ _3\"></span> </span>recyclage <span class=\"_ _60\"> </span>provient <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>arr\u00eat <span class=\"_ _64\"> </span>des <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>filiale <span class=\"_ _64\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 Singapour qui d\u00e9tenait historiquement les activit\u00e9s asiatiques du Groupe<span class=\"_ _0\"></span>.Les litiges et autres au 31\ue61fd\u00e9cembre 2021 incluent notamment une dotation pour litiges du segment <span class=\"ff9bd\">Corpor<span class=\"_ _0\"></span>ate<span class=\"ff9bf\"> &amp; Autres.</span></span>3<span class=\"_ _3\"></span>.4<span class=\"_ _2c\"> </span><span class=\"ls0 ws0\">Pr<span class=\"_ _0\"></span>oduits (charges) financiers nets</span>Exercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9ca fc1\">2021\ue662*</span>Produits d\u2019int\u00e9r\u00eats<span class=\"_ _216\"> </span>1<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats<span class=\"_ _2fc\"> </span>(168)<span class=\"_ _151\"> </span>(116)Charges d\u2019int\u00e9r\u00eats nettes<span class=\"_ _2fd\"> </span>(167)<span class=\"_ _1e\"> </span>(116)Composante financi\u00e8re des charges li\u00e9es aux plans de r<span class=\"_ _0\"></span>etraites<span class=\"_ _a5\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _129\"> </span></span>(<span class=\"_ _3\"></span>2)Gain / (perte) de change<span class=\"_ _2fe\"> </span>4<span class=\"_ _19\"> </span>-Autres<span class=\"_ _2ff\"> </span>(10)<span class=\"_ _19\"> </span>1Autres charges \ue75cnanci\u00e8res nettes<span class=\"_ _1e5\"> </span><span class=\"ff9cb\">(10)<span class=\"_ _c\"> </span>(1)</span>PRODUIT<span class=\"_ _0\"></span>S (CHARGES) FINANCIERS NETS<span class=\"_ _2b0\"> </span>(177)<span class=\"_ _53\"> </span>(117)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">2022, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats comprennent <span class=\"_ _3\"></span>70\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di\ue61d\u00e9rence <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>nominale <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette de <span class=\"_ _3\"></span>Sauvegarde </span>et sa juste valeur initiale dont 63\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros ont \u00e9t\u00e9 acc\u00e9l\u00e9r\u00e9s pour le r<span class=\"_ _0\"></span>efinancement.Les autres char<span class=\"_ _0\"></span>ges financi\u00e8res correspondent \u00e0 hauteur de 5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros aux frais encourus par le Groupe pour son r<span class=\"_ _0\"></span>efinancement.Note 4<span class=\"_ _40\"> </span>\u00c9<span class=\"_ _1\"></span>carts d\u2019<span class=\"_ _1\"></span>acquisition, immobilisations corpor<span class=\"_ _0\"></span>elles et\ue61fincorporelles4<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>carts d\u2019<span class=\"_ _1\"></span>acquisition</span>Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ff9d3\">\u2011</span>dessous pr\u00e9sente la r\u00e9partition entre chaque U<span class=\"_ _0\"></span>nit\u00e9 G\u00e9n\u00e9ratrice de T<span class=\"_ _f\"></span>r\u00e9sorerie (UGT) des montants d\u2019<span class=\"_ _0\"></span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition les plus importants et </span>re\ufb02\u00e8te l\u2019<span class=\"_ _0\"></span>organisation au 31\ue61ed\u00e9cembre 2022. (v<span class=\"_ _0\"></span>oir note 4.5 pour plus de d\u00e9tails sur les tests de d\u00e9pr\u00e9ciation).T<span class=\"_ _23\"></span>echnicolor Maison (en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Creative StudiosConnect\u00e9e<span class=\"_ _1ee\"> </span><span class=\"ls66 ws66\">SC<span class=\"_ _3\"></span>S<span class=\"_ _178\"> </span></span>T<span class=\"_ _23\"></span>otalerAu 1<span class=\"_ _6f\"> </span><span class=\"ff9d5\">\ue662janvier 2021, net<span class=\"_ _10c\"> </span></span><span class=\"ls55 ws55\">1<span class=\"_ _3\"></span>74<span class=\"_ _9\"> </span></span><span class=\"ff9d5\">400<span class=\"_ _184\"> </span>142<span class=\"_ _184\"> </span></span>716\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>12<span class=\"_ _82\"> </span>34<span class=\"_ _1c6\"> </span>11<span class=\"_ _251\"> </span>57Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _114\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _301\"> </span>(1)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _143\"> </span><span class=\"ff9d4\">185<span class=\"_ _17e\"> </span>434<span class=\"_ _184\"> </span>153<span class=\"_ _184\"> </span>773</span>\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2f8\"> </span>10<span class=\"_ _251\"> </span>23<span class=\"_ _158\"> </span>8<span class=\"_ _251\"> </span>42Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _302\"> </span>(196)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _97\"> </span>(196)P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _303\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2022, net<span class=\"_ _145\"> </span><span class=\"ff9d4\">-<span class=\"_ _7e\"> </span>458<span class=\"_ _184\"> </span></span>162<span class=\"_ _184\"> </span><span class=\"ff9d4\">619</span>\ue61eLa variation de p\u00e9rim\u00e8tre de 2022 se r<span class=\"_ _0\"></span>\u00e9f\u00e8re \u00e0 la Distribution pr\u00e9sent\u00e9e dans la note 1.4.2<span class=\"_ _c3\"> </span>I<span class=\"_ _0\"></span>mmobilisations incorporellesLes <span class=\"_ _47\"> </span>immobilisations <span class=\"_ _44\"> </span>incorporelles <span class=\"_\"> </span>correspondent <span class=\"_ _44\"> </span>principalement, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>droits <span class=\"_ _66\"> </span>d\u2019utilisation <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>brevets, <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>projets <span class=\"_ _66\"> </span>de d\u00e9veloppement <span class=\"_\"> </span>immobilis\u00e9s <span class=\"_\"> </span>et <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les clients.Les <span class=\"_ _63\"> </span>immobilisations <span class=\"_ _6b\"> </span>incorporelles <span class=\"_ _63\"> </span>acquises <span class=\"_ _6b\"> </span>dans <span class=\"_ _63\"> </span>le <span class=\"_ _6b\"> </span>cadre <span class=\"_ _63\"> </span>d\u2019un regroupement <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>comptabilis\u00e9es <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>la date d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>our les montants <span class=\"_ _3\"></span>significatifs, V<span class=\"_ _f\"></span>antiva s\u2019appuie sur des \u00e9valuateurs <span class=\"_ _65\"> </span>ind\u00e9pendants <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>d\u00e9terminer <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>juste <span class=\"_ _65\"> </span>valeur <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>ces immobilisations <span class=\"_ _3b\"></span>incorporelles. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>acquises s\u00e9par\u00e9ment <span class=\"_ _62\"> </span>sont <span class=\"_ _6b\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9es <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _63\"> </span>leur <span class=\"_ _63\"> </span>co\u00fbt <span class=\"_ _63\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _63\"> </span>et <span class=\"_ _63\"> </span>les immobilisations g\u00e9n\u00e9r\u00e9es en interne \u00e0 leur co\u00fbt de production.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>comprend <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _3b\"></span>d\u2019achat <span class=\"_ _3\"></span>major\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tous <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>co\u00fbts </span>associ\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>directement <span class=\"_ _3\"></span>attribuables <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>service de <span class=\"_ _3\"></span>l\u2019immobilisation. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ous <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>co\u00fbts, <span class=\"_ _3b\"></span>y <span class=\"_ _3\"></span>compris <span class=\"_ _3b\"></span>ceux <span class=\"_ _3b\"></span>encourus <span class=\"_ _3\"></span>pour g\u00e9n\u00e9rer certains <span class=\"_ _3\"></span>actifs en <span class=\"_ _3\"></span>interne <span class=\"_ _3\"></span>comme les <span class=\"_ _3\"></span>marques, les listes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>clients et <span class=\"_ _3b\"></span>autres <span class=\"_ _3b\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>similaires, <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment o\u00f9 ils sont encourus.Les immobilisations incorporelles \u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie <span class=\"_ _3\"></span>d\u00e9finie sont <span class=\"_ _3\"></span>amorties sur leur dur\u00e9e d\u2019utilit\u00e9 et sont <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es en cas de perte de <span class=\"_ _3\"></span>valeur identifi\u00e9e. Selon <span class=\"_ _28\"> </span>la <span class=\"_ _28\"> </span>nature <span class=\"_ _6f\"> </span>et <span class=\"_ _28\"> </span>l\u2019utilisation <span class=\"_ _28\"> </span>des <span class=\"_ _28\"> </span>immobilisations <span class=\"_ _28\"> </span>incorporelles, l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>l\u2019un <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>postes suivants\ue61e: <span class=\"_ _44\"> </span>\u00ab\ue61eCo\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019activit\u00e9\ue61e\u00bb, <span class=\"_ _37\"></span>\u00ab\ue61eFrais <span class=\"_ _44\"> </span>commerciaux <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>administratifs\ue61e\u00bb, \u00ab\ue61eAutres <span class=\"_ _20\"> </span>produits <span class=\"_ _d\"> </span>(charges)\ue61e\u00bb <span class=\"_ _20\"> </span>ou <span class=\"_ _20\"> </span>\u00ab\ue61eFr<span class=\"_ _0\"></span>ais <span class=\"_ _20\"> </span>de <span class=\"_ _20\"> </span>recherche <span class=\"_ _20\"> </span>et d\u00e9veloppement\ue61e\u00bb.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>incorporels <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie <span class=\"_ _37\"></span>ind\u00e9finie <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _37\"></span>amortis <span class=\"_ _3b\"></span>mais sont <span class=\"_ _65\"> </span>rattach\u00e9s <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>UG<span class=\"_ _0\"></span>T <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>soumis <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>test <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation annuellement (voir note 4.5).Principe comptable sujet \u00e0 estimations et\ue61fjugementsConcernant <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>d\u00e9finie, <span class=\"_ _3\"></span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>utilis\u00e9es <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vie <span class=\"_ _64\"> </span>attendue <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>actifs <span class=\"_ _64\"> </span>afin <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>leurs <span class=\"_ _64\"> </span>dur\u00e9es d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(ii) <span class=\"_ _37\"></span>constater<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation de la valeur au bilan de ces immobilisations. Les estimations utilis\u00e9es pour d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>indiqu\u00e9es dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>manuel <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>principes <span class=\"_ _3\"></span>comptables <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>appliqu\u00e9es de fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Concernant <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>incorporels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vie <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _61\"> </span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la valeur <span class=\"_ _64\"> </span>recouvrable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _64\"> </span>actifs. <span class=\"_ _64\"> </span>(voir <span class=\"_ _64\"> </span>note <span class=\"_ _64\"> </span>4.5 <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>principes comptables de la perte de valeur sur ces actifs).4.2.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>Mar<span class=\"_ _0\"></span>quesLes <span class=\"_ _66\"> </span>marques <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>consid\u00e9r\u00e9es <span class=\"_ _4c\"> </span>comme <span class=\"_ _66\"> </span>ayant <span class=\"_ _4c\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9e <span class=\"_ _4c\"> </span>d\u2019utilit\u00e9 ind\u00e9termin\u00e9e. <span class=\"_ _66\"> </span>E<span class=\"_ _0\"></span>lles <span class=\"_ _66\"> </span>ne <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>donc <span class=\"_ _66\"> </span>pas <span class=\"_ _66\"> </span>amorties <span class=\"_ _66\"> </span>mais <span class=\"_ _66\"> </span>font <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>objet s\u00e9par\u00e9ment <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>test <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>annuel. <span class=\"_ _46\"> </span>Les <span class=\"_ _61\"> </span>principales <span class=\"_\"> </span>raisons ayant conduit le <span class=\"_ _3\"></span>Groupe \u00e0 appr\u00e9cier le <span class=\"_ _3\"></span>caract\u00e8re ind\u00e9termin\u00e9 de la <span class=\"_ _3\"></span>dur\u00e9e d\u2019utilit\u00e9 <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>marques <span class=\"_ _37\"></span>ont <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>principalement <span class=\"_ _37\"> </span>leur <span class=\"_ _44\"> </span>positionnement <span class=\"_ _3b\"></span>sur <span class=\"_ _44\"> </span>le march\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>volume <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>activit\u00e9, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>internationale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de notori\u00e9t\u00e9, ainsi que leur r<span class=\"_ _0\"></span>entabilit\u00e9 attendue \u00e0 long terme.Au <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2021, <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>marques <span class=\"_ _44\"> </span>du <span class=\"_ _47\"> </span>Groupe <span class=\"_ _37\"> </span>ont <span class=\"_ _47\"> </span>une <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>comptable <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>258\ue61fmillions <span class=\"_ _44\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Elles <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>marque \u00ae<span class=\"_ _2d2\"> </span>\u00ae<span class=\"_ _304\"> </span>\u00aeT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _61\"> </span> pour 199\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os, la marque <span class=\"ls4 ws4\">RCA<span class=\"_ _61\"> </span></span> pour 29\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os et la marque The Mill<span class=\"_ _61\"> </span> pour de 22\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os.Les <span class=\"_ _3b\"></span>marques <span class=\"_ _37\"></span>d\u00e9tenues <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>transf\u00e9r\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>Distribution <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>cession <span class=\"_ _37\"> </span>de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques. Au 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022, aucune marque n\u2019<span class=\"_ _0\"></span>est comptabilis\u00e9e dans ses comptes consolid\u00e9s du Groupe.Conform\u00e9ment \u00e0 IAS\ue61f38, la marque V<span class=\"_ _f\"></span>antiva g\u00e9n\u00e9r\u00e9e en interne, les co\u00fbts associ\u00e9s n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 capitalis\u00e9s au 31\ue61fd\u00e9cembre 2022.4.2.2<span class=\"_ _10d\"> </span>Relations contractuelles avec les clients<span class=\"_ _0\"></span>, brevets et autres immobilisations incorpor<span class=\"_ _0\"></span>ellesRelations contr<span class=\"_ _0\"></span>actuelles avec les clientsLes <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>clients <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont <span class=\"_\"> </span>acquises <span class=\"_\"> </span>dans <span class=\"_\"> </span>le cadre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>regroupements <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>amorties <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilit\u00e9 attendue des <span class=\"_ _3\"></span>relations qui varie entre <span class=\"_ _3\"></span>8 et 20 <span class=\"_ _3\"></span>ans et <span class=\"_ _3\"></span>qui prend en <span class=\"_ _3\"></span>compte les <span class=\"_ _37\"> </span>renouvellements <span class=\"_ _37\"> </span>probables <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>contrats <span class=\"_ _37\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>clients qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>comprise <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>1 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>5 <span class=\"_ _3\"></span>ans. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>m\u00e9thode d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3b\"></span>initiale <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>surprofits <span class=\"_ _3\"></span>attendus <span class=\"_ _3b\"></span>bas\u00e9s sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>correspondants <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>portefeuille de <span class=\"_\"> </span>client\u00e8le <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_\"> </span>Celles<span class=\"ff9db\">\u2011</span>ci <span class=\"_\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_\"> </span>d\u2019un <span class=\"_ _46\"> </span>test <span class=\"_\"> </span>de d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _37\"> </span>o\u00f9 <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>management <span class=\"_ _44\"> </span>identifie <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>indication <span class=\"_ _44\"> </span>de perte de valeur de ces actifs<span class=\"_ _0\"></span>.Brevets et licences de br<span class=\"_ _0\"></span>evetsLes <span class=\"_ _61\"> </span>brevets <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>amortis <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>mani\u00e8re <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>dur\u00e9e <span class=\"_ _46\"> </span>d\u2019utilit\u00e9 attendue. <span class=\"_ _66\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>licences <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>brevet <span class=\"_ _66\"> </span>d\u00e9pend <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la temporalit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>\u00e9conomiques <span class=\"_ _61\"> </span>futurs <span class=\"_\"> </span>attendus, <span class=\"_ _46\"> </span>mesur\u00e9s <span class=\"_ _61\"> </span>en volumes <span class=\"_ _6c\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _6c\"> </span>de <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>licences. <span class=\"_ _6c\"> </span>Lorsque <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>avantages \u00e9conomiques <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>distribu\u00e9s <span class=\"_ _28\"> </span>de <span class=\"_ _6f\"> </span>mani\u00e8re <span class=\"_ _28\"> </span>globalement <span class=\"_ _6f\"> </span>\u00e9gale <span class=\"_ _6f\"> </span>ou incertaine <span class=\"_ _37\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>d\u2019utilit\u00e9, <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _44\"> </span>est <span class=\"_ _3b\"></span>amorti <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>mani\u00e8re <span class=\"_ _37\"></span>lin\u00e9aire. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>cas <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>volumes <span class=\"_ _37\"> </span>d\u00e9croissants, <span class=\"_ _37\"> </span>l\u2019actif <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>amorti <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>volumes vendus, et le rythme d\u2019<span class=\"_ _1\"></span>amortissement revu \u00e0 chaque arr\u00eat\u00e9.Autres immobilisations incorporellesCe <span class=\"ls0 ws0\">poste comprend principalement les <span class=\"_ _3\"></span>logiciels acquis ou d\u00e9velopp\u00e9s <span class=\"_ _3\"></span>en </span>interne et les technologies acquises.Les <span class=\"_\"> </span>d\u00e9penses <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>echerche <span class=\"_\"> </span>sont <span class=\"_\"> </span>comptabilis\u00e9es <span class=\"_ _47\"> </span>en charges <span class=\"_ _63\"> </span>au <span class=\"_ _63\"> </span>moment <span class=\"_ _63\"> </span>o\u00f9 <span class=\"_ _63\"> </span>elles <span class=\"_ _63\"> </span>sont <span class=\"_ _6b\"> </span>encourues<span class=\"_ _0\"></span>. <span class=\"_ _63\"> </span>Les <span class=\"_ _63\"> </span>co\u00fbts <span class=\"_ _6b\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>charges <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>encourus, sauf <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span>projet <span class=\"_ _61\"> </span>auquel <span class=\"_ _61\"> </span>ils <span class=\"_ _61\"> </span>se <span class=\"_ _60\"> </span>rapportent <span class=\"_ _61\"> </span>satisfait <span class=\"_ _61\"> </span>aux <span class=\"_ _61\"> </span>conditions <span class=\"_ _61\"> </span>de capitalisation <span class=\"_ _44\"> </span>d\u2019IAS\ue61f38. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>projets <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>d\u00e9veloppement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>ceux <span class=\"_ _46\"> </span>ayant <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>objectif <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>d\u00e9veloppement <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>nouveaux proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>am\u00e9lioration <span class=\"_ _64\"> </span>notable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>existants, <span class=\"_ _60\"> </span>qui <span class=\"_ _65\"> </span>sont consid\u00e9r\u00e9s <span class=\"_\"> </span>comme <span class=\"_ _46\"> </span>techniquement <span class=\"_ _46\"> </span>viables <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>dont <span class=\"_ _46\"> </span>il <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>attendu <span class=\"_\"> </span>des b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>\u00e9conomiques <span class=\"_ _28\"> </span>futurs <span class=\"_ _6f\"> </span>pour <span class=\"_ _28\"> </span>le <span class=\"_ _28\"> </span>Groupe. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>projets <span class=\"_ _6f\"> </span>de d\u00e9veloppement <span class=\"_ _6c\"> </span>sont <span class=\"_ _2a\"> </span>comptabilis\u00e9s <span class=\"_ _2a\"> </span>\u00e0 <span class=\"_ _2a\"> </span>leur <span class=\"_ _2a\"> </span>co\u00fbt <span class=\"_ _2a\"> </span>diminu\u00e9 <span class=\"_ _2a\"> </span>des amortissements <span class=\"_ _4c\"> </span>et <span class=\"_ _4c\"> </span>des <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _4c\"> </span>\u00e9ventuelles. <span class=\"_ _4c\"> </span><span class=\"ls4 ws4\">Ce <span class=\"_ _4c\"> </span></span>co\u00fbt <span class=\"_ _6f\"> </span>inclut l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>directs <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>personnel <span class=\"_ _61\"> </span>(y <span class=\"_ _61\"> </span>compris <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>des avantages <span class=\"_ _3\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi), <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mat\u00e9riaux <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>des co\u00fbts <span class=\"_ _63\"> </span>des <span class=\"_ _63\"> </span>prestations <span class=\"_ _63\"> </span>externes <span class=\"_ _6b\"> </span>n\u00e9cessaires <span class=\"_ _63\"> </span>pour <span class=\"_ _63\"> </span>le <span class=\"_ _63\"> </span>projet <span class=\"_ _63\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>diminu\u00e9 <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>cr\u00e9dits <span class=\"_ _37\"> </span>d\u2019imp\u00f4t <span class=\"_ _44\"> </span>\u00e9ventuels. <span class=\"_ _37\"></span>Ils sont amortis sur <span class=\"_ _3\"></span>une dur\u00e9e d\u2019un an <span class=\"_ _3\"></span>\u00e0 cinq ans <span class=\"_ _3\"></span>\u00e0 compter de <span class=\"_ _3\"></span>la production commerciale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>produits <span class=\"_ _3b\"></span>li\u00e9s, <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _37\"></span>vendues, <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la base des unit\u00e9s produites ou selon la m\u00e9thode lin\u00e9aire<span class=\"_ _0\"></span>.Brevets &amp; autres T<span class=\"_ _23\"></span>otal des immobilisations immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Marques<span class=\"_ _4f\"> </span>Relations clientsincorporellesincorporelleserAu 1<span class=\"_ _6f\"> </span><span class=\"ff9e2\">\ue662janvier 2021, net\ue662*<span class=\"_ _e1\"> </span><span class=\"ls53 ws53\">242<span class=\"_ _19b\"> </span></span>114<span class=\"_ _1cf\"> </span></span>171<span class=\"_ _17e\"> </span><span class=\"ff9e2\">526</span>Brut<span class=\"_ _252\"> </span>250<span class=\"_ _19b\"> </span>333<span class=\"_ _17e\"> </span>850<span class=\"_ _178\"> </span>1\ue61f433Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(8)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>219)<span class=\"_ _9a\"> </span>(679)<span class=\"_ _d5\"> </span>(907)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>17<span class=\"_ _158\"> </span>8<span class=\"_ _231\"> </span>12<span class=\"_ _156\"> </span>37Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _251\"> </span>52<span class=\"_ _251\"> </span>52Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _154\"> </span>(30)<span class=\"_ _9\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75)<span class=\"_ _1a4\"> </span></span>(104)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e3\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>2)Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _250\"> </span>258<span class=\"_ _33\"> </span>92<span class=\"_ _17e\"> </span>160<span class=\"_ _17e\"> </span>510Brut<span class=\"_ _303\"> </span>267<span class=\"_ _184\"> </span>358<span class=\"_ _19b\"> </span>916<span class=\"_ _1b5\"> </span>1\ue61f541Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(9)<span class=\"_ _74\"> </span>(266)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>756)<span class=\"_ _7a\"> </span>(1\ue61f032)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>13<span class=\"_ _158\"> </span>6<span class=\"_ _158\"> </span>9<span class=\"_ _82\"> </span>28Acquisitions des activit\u00e9s poursuivies<span class=\"_ _5d\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _82\"> </span>49<span class=\"_ _5\"> </span>49Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2a4\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _91\"> </span>18<span class=\"_ _91\"> </span>18Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _1d\"> </span>(28)<span class=\"_ _1d\"> </span>(68)<span class=\"_ _1d\"> </span>(96)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _2af\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _30\"> </span>(3)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _2c5\"> </span>(<span class=\"_ _3\"></span>271)<span class=\"_ _1d\"> </span>(45)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>342)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _24c\"> </span><span class=\"ff9e1\">-<span class=\"_ _82\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _184\"> </span></span>138<span class=\"_ _23f\"> </span>163Brut<span class=\"_ _209\"> </span>-<span class=\"_ _184\"> </span><span class=\"ls70 ws70\">270<span class=\"_ _19b\"> </span></span>735<span class=\"_ _74\"> </span>1\ue61f005Amortissements cumul\u00e9s<span class=\"_ _29e\"> </span>-<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>246)<span class=\"_ _9e\"> </span>(597)<span class=\"_ _9e\"> </span>(843)* Les ouvertures 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>re<span class=\"_ _0\"></span>trait\u00e9s suite \u00e0 la d\u00e9cision de l\u2019IFRS IC d\u2019<span class=\"_ _0\"></span>avril\ue61f2021, pr\u00e9cisant la comptabilisation des co\u00fbts de configur<span class=\"_ _0\"></span>ation <span class=\"ls5e ws5e\">et </span>de personnalisation d\u2019un logiciel Saas.\ue61f4.3<span class=\"_ _c3\"> </span>Immobilisations corpor<span class=\"_ _0\"></span>ellesLes <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>corporelles <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 des <span class=\"_ _46\"> </span>amortissements <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _61\"> </span>\u00e9ventuelles<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _46\"> </span>est calcul\u00e9 <span class=\"_ _61\"> </span>essentiellement <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_ _61\"> </span>de volumes <span class=\"_ _3b\"></span>d\u00e9croissants <span class=\"_ _37\"></span>selon <span class=\"_ _37\"></span>la <span class=\"_ _44\"></span>m\u00e9thode <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>production <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _44\"> </span>d\u2019utilit\u00e9 <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>comprise <span class=\"_ _44\"> </span>entre <span class=\"_ _44\"> </span>20 <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>40 <span class=\"_\"> </span>ans <span class=\"_ _44\"> </span>pour <span class=\"_\"> </span>les constructions <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>1 <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>12 <span class=\"_ _60\"> </span>ans <span class=\"_ _60\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _61\"> </span>installations <span class=\"_ _60\"> </span>techniques, mat\u00e9riels et <span class=\"_ _3\"></span>outillages. P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>certaines immobilisations <span class=\"_ _3\"></span>complexes<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>chaque composant <span class=\"_ _65\"> </span>significatif <span class=\"_ _65\"> </span>poss\u00e9dant <span class=\"_ _66\"> </span>une <span class=\"_ _65\"> </span>dur\u00e9e <span class=\"_ _65\"> </span>d\u2019utilit\u00e9 <span class=\"_ _66\"> </span>ou <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>mode d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>mani\u00e8re <span class=\"_ _60\"> </span>individuelle, amorti <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>propre <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>suivi <span class=\"_ _3\"></span>sp\u00e9cifique pour les d\u00e9penses ult\u00e9rieures qui lui sont li\u00e9es<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsDes <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>utilis\u00e9es <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>de vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>afin <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>leurs <span class=\"_ _37\"></span>dur\u00e9es <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>amortissement et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>(ii) <span class=\"_ _44\"></span>constater<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant, <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>au bilan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>immobilisations. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>d\u00e9terminer <span class=\"_ _3\"></span>la dur\u00e9e de vie attendue <span class=\"_ _3\"></span>des immobilisations sont <span class=\"_ _3\"></span>indiqu\u00e9es dans le <span class=\"_ _3\"></span>manuel des <span class=\"_ _60\"> </span>principes <span class=\"_ _64\"> </span>comptables <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>appliqu\u00e9es <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Installations techniques, Autres mat\u00e9riels et immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)T<span class=\"_ _23\"></span>errains<span class=\"_ _4f\"> </span>Constructionsoutillagescorporelles<span class=\"_ _80\"> </span><span class=\"lsb4 wsb4\">T<span class=\"_ _3\"></span>OTA<span class=\"_ _3b\"></span>L</span>erAu 1<span class=\"_ _6f\"> </span><span class=\"ff9ea\">\ue662janvier 2021, net<span class=\"_ _f6\"> </span></span>3<span class=\"_ _1ee\"> </span><span class=\"ff9ea\">12<span class=\"_ _17d\"> </span></span>48<span class=\"_ _34\"> </span>77<span class=\"_ _185\"> </span><span class=\"ff9ea\">140</span>Brut<span class=\"_ _254\"> </span>3<span class=\"_ _4e\"> </span>52<span class=\"_ _185\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _3\"></span>4<span class=\"_ _193\"> </span></span>269<span class=\"_ _8a\"> </span>1\ue61f208Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _1da\"> </span>(40)<span class=\"_ _c2\"> </span>(836)<span class=\"_ _8a\"> </span>(192)<span class=\"_ _12\"> </span>(1\ue61f068)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _ec\"> </span>-<span class=\"_ _1cf\"> </span>1<span class=\"_ _19b\"> </span>3<span class=\"_ _23f\"> </span>5<span class=\"_ _184\"> </span>9Acquisitions<span class=\"_ _1f6\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>3<span class=\"_ _1b5\"> </span>48<span class=\"_ _154\"> </span>51Cessions<span class=\"_ _274\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>2)Amortissements<span class=\"_ _111\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _186\"> </span>(<span class=\"_ _3\"></span>26)<span class=\"_ _d7\"> </span>(23)<span class=\"_ _58\"> </span>(50)P<span class=\"_ _0\"></span>ertes de valeurs<span class=\"_ _305\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(2)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)(1)Autres variations\ue61f<span class=\"_ _306\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1d\"> </span>21<span class=\"_ _9a\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _1d\"> </span></span>17Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _16f\"> </span><span class=\"ff9e9\">3<span class=\"_ _4e\"> </span></span>12<span class=\"_ _17d\"> </span><span class=\"ff9e9\">48<span class=\"_ _17d\"> </span>99<span class=\"_ _1b4\"> </span></span>162Brut<span class=\"_ _254\"> </span>3<span class=\"_ _1b5\"> </span>54<span class=\"_ _185\"> </span>904<span class=\"_ _1b4\"> </span>358<span class=\"_ _8a\"> </span>1\ue61f320Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _186\"> </span>(42)<span class=\"_ _c2\"> </span>(857)<span class=\"_ _c2\"> </span>(259)<span class=\"_ _1fd\"> </span>(1\ue61f158)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _ec\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>2<span class=\"_ _19b\"> </span>7<span class=\"_ _4e\"> </span>10Acquisitions des activit\u00e9s poursuivies<span class=\"_ _307\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>1<span class=\"_ _4e\"> </span>38<span class=\"_ _4e\"> </span>38Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _e3\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _4e\"> </span>25<span class=\"_ _34\"> </span>25Cessions<span class=\"_ _274\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)Amortissements<span class=\"_ _111\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _186\"> </span>(<span class=\"_ _3\"></span>26)<span class=\"_ _191\"> </span>(18)<span class=\"_ _186\"> </span>(45)P<span class=\"_ _0\"></span>ertes de valeurs<span class=\"_ _305\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(2)Autres variations<span class=\"_ _305\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _154\"> </span>21<span class=\"_ _186\"> </span>(26)<span class=\"_ _1a4\"> </span>(5)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _24c\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _178\"> </span>(1)<span class=\"_ _d7\"> </span>(83)<span class=\"_ _d7\"> </span>(83)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _1fe\"> </span><span class=\"ff9e9\">3<span class=\"_ _1d\"> </span>11<span class=\"_ _178\"> </span>44<span class=\"_ _97\"> </span></span>40<span class=\"_ _17d\"> </span><span class=\"ff9e9\">98</span>Brut<span class=\"_ _254\"> </span>3<span class=\"_ _34\"> </span><span class=\"ls70 ws70\">55<span class=\"_ _a8\"> </span>78<span class=\"_ _3\"></span>6<span class=\"_ _9e\"> </span></span>127<span class=\"_ _a8\"> </span>972Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _58\"> </span>(44)<span class=\"_ _d1\"> </span>(<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>43)<span class=\"_ _186\"> </span>(88)<span class=\"_ _c2\"> </span>(875)(1) Correspond au tr<span class=\"_ _0\"></span>ansfert d\u2019immobilisations corporelles en cours vers les installations techniques<span class=\"_ _0\"></span>, mat\u00e9riels <span class=\"ls5e ws5e\">et </span>outillages.4<span class=\"_ _3\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">Dr<span class=\"_ _0\"></span>oits d\u2019utilisation</span>Le <span class=\"ls0 ws0\">Groupe a adopt\u00e9 la <span class=\"_ _3\"></span>norme IFRS\ue61f16 au 1\ue61fjanvier 2019. La norme fournit </span>un <span class=\"_ _66\"> </span>mod\u00e8le <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>comptabilisation <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>contrats <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>location <span class=\"_ _66\"> </span>unique, obligeant <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>preneur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>comptabiliser <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>tous <span class=\"_ _3b\"></span>les contrats <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>location, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inf\u00e9rieure ou <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>12 <span class=\"_ _3b\"></span>mois <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019actif <span class=\"_ _3\"></span>sous<span class=\"ff9f1\">\u2011</span>jacent <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>faible <span class=\"_ _3b\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>valeur initiale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>droits <span class=\"_ _37\"></span>d\u2019utilisation <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2018actif <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>somme <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur actuelle des <span class=\"_ _3\"></span>loyers <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de location <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>frais directs <span class=\"_ _3\"></span>encourus lors <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>conclusion <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>modification <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>location. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>Groupe amortit <span class=\"_ _3\"></span>ses droits d\u2019utilisation <span class=\"_ _3\"></span>\u00e0 l\u2019actif selon la <span class=\"_ _3\"></span>m\u00e9thode lin\u00e9aire, \u00e0 partir <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>pr\u00eat \u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>utilis\u00e9 <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin du bail.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>location, <span class=\"_ _37\"></span>principalement <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>immeubles, prend <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat <span class=\"_ _3b\"></span>non <span class=\"_ _3b\"></span>r\u00e9siliable, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat r\u00e9siliable <span class=\"_ _6c\"> </span>et <span class=\"_ _2a\"> </span>les <span class=\"_ _2a\"> </span>options <span class=\"_ _6c\"> </span>d\u2019extension, <span class=\"_ _6c\"> </span>lorsque <span class=\"_ _6c\"> </span>le <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>est raisonnablement <span class=\"_\"> </span>certain <span class=\"_ _44\"> </span>d\u2019ex<span class=\"_ _0\"></span>ercer <span class=\"_\"> </span>ces <span class=\"_\"> </span>options <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>extension. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_\"> </span></span>Groupe r\u00e9\u00e9value <span class=\"_ _37\"> </span>s\u2019il <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>raisonnablement <span class=\"_ _37\"> </span>certain <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>appr\u00e9ciant <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>informations suivantes\ue61f:\u2022la dur\u00e9e d\u2019<span class=\"_ _0\"></span>amortissement des am\u00e9nagements\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>\u00e9volution des loyers par rapport aux prix du march\u00e9\ue61f;\u2022visibilit\u00e9 sur l\u2019<span class=\"_ _0\"></span>activit\u00e9 commerciale de chaque site.T<span class=\"_ _23\"></span>otal droits (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Immobilier<span class=\"_ _7e\"> </span>Autresd\u2019utilisationerAu 1<span class=\"_ _6f\"> </span><span class=\"ff9f3\">\ue662janvier 2021, net<span class=\"_ _20c\"> </span>129<span class=\"_ _21\"> </span>19<span class=\"_ _15a\"> </span></span>148Nouveaux contrats<span class=\"_ _1ca\"> </span>27<span class=\"_ _21\"> </span>22<span class=\"_ _15e\"> </span>51Modifications de contrat<span class=\"_ _2ad\"> </span>18<span class=\"_ _153\"> </span>-<span class=\"_ _15e\"> </span>18T<span class=\"_ _f\"></span>ransferts<span class=\"_ _308\"> </span>(21)<span class=\"_ _153\"> </span>-<span class=\"_ _1a1\"> </span>(<span class=\"_ _3\"></span>21)Amortissements<span class=\"_ _309\"> </span>(35)<span class=\"_ _15a\"> </span>(17)<span class=\"_ _158\"> </span>(52)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _29f\"> </span>(8)<span class=\"_ _151\"> </span>-<span class=\"_ _ee\"> </span>(8)Autres<span class=\"_ _30a\"> </span>6<span class=\"_ _53\"> </span>2<span class=\"_ _53\"> </span>9Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _2ea\"> </span><span class=\"ff9f2\">117<span class=\"_ _e9\"> </span></span>26<span class=\"_ _249\"> </span><span class=\"ff9f2\">143</span>Nouveaux contrats des activit\u00e9s poursuivies<span class=\"_ _306\"> </span>1<span class=\"_ _53\"> </span>6<span class=\"_ _228\"> </span>7Nouveaux contrats des activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cession<span class=\"_ _9d\"> </span>3<span class=\"_ _165\"> </span>19<span class=\"_ _21\"> </span>22(1)Modifications de contrat\ue61f<span class=\"_ _1d5\"> </span>38<span class=\"_ _53\"> </span>2<span class=\"_ _165\"> </span>41T<span class=\"_ _f\"></span>ransferts<span class=\"_ _30b\"> </span>4<span class=\"_ _151\"> </span>-<span class=\"_ _53\"> </span>4Amortissements<span class=\"_ _309\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _1a1\"> </span>(15)<span class=\"_ _158\"> </span>(48)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _29f\"> </span>(2)<span class=\"_ _151\"> </span>-<span class=\"_ _e8\"> </span>(2)Autres<span class=\"_ _30a\"> </span>4<span class=\"_ _53\"> </span>2<span class=\"_ _53\"> </span>6V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _30c\"> </span>(81)<span class=\"_ _158\"> </span>(34)<span class=\"_ _15f\"> </span>(116)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _122\"> </span><span class=\"ff9f2\">51<span class=\"_ _53\"> </span>5<span class=\"_ _ef\"> </span></span>56(1) R\u00e9\u00e9<span class=\"_ _0\"></span>valuation des droits d\u2019utilisation du fait de changement dans les termes contr<span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>tuels.<span class=\"_ _b4\"> </span>\ue61f<span class=\"_ _7\"> </span>\ue61f<span class=\"_ _7\"> </span>\ue61f\ue61fAu 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>lou\u00e9s comprennent <span class=\"_ _3\"></span>principalement des <span class=\"_ _3\"></span>bureaux et <span class=\"_ _3\"></span>autres baux <span class=\"_ _3\"></span>immobiliers (91\ue61f%), <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>mat\u00e9riel informatique <span class=\"_ _3\"></span>(7\ue61f%) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>autres (2\ue61f%).Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">total <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sorties <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>(hors <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>court <span class=\"_ _3b\"></span>terme <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3b\"></span>de </span>location d\u2019<span class=\"_ _0\"></span>actifs de faible valeur) s\u2019<span class=\"_ _1\"></span>est \u00e9lev\u00e9 \u00e0 39\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os au cours de l\u2019<span class=\"_ _0\"></span>exercice clos le 31\ue61fd\u00e9cembre 2022.Une analyse de l\u2019<span class=\"_ _1\"></span>\u00e9ch\u00e9ance du passif de location est pr\u00e9sent\u00e9e \u00e0 la note 8.5.5<span class=\"_ _0\"></span>.4.5<span class=\"_ _6a\"> </span>P<span class=\"_ _1\"></span>ertes de valeur nettes sur actifs d\u2019<span class=\"_ _1\"></span>exploitation non courantsLes <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition, <span class=\"_ _3\"></span>les <span class=\"_ _37\"> </span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>projets <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9veloppement <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un test <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>ann\u00e9e <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>quatri\u00e8me <span class=\"_ _3\"></span>trimestre, <span class=\"_ _3\"></span>mis \u00e0 jour \u00e0 fin d\u00e9cembre, ainsi qu\u2019<span class=\"_ _0\"></span>\u00e0 chaque fois que des indicateurs <span class=\"_ _3\"></span>montrent qu\u2019une perte de valeur a pu \u00eatre encourue<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>r\u00e9aliser les <span class=\"_ _3\"></span>tests <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>sont regroup\u00e9s <span class=\"_ _3\"></span>au niveau le <span class=\"_ _46\"> </span>plus <span class=\"_ _61\"> </span>bas <span class=\"_\"> </span>auquel <span class=\"_ _61\"> </span>ces <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>peuvent <span class=\"_\"> </span>g\u00e9n\u00e9rer <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>tr\u00e9sorerie ind\u00e9pendants <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>autres <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>allou\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>une unit\u00e9 <span class=\"_ _61\"> </span>g\u00e9n\u00e9ratrice <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>(UGT<span class=\"_ _3\"></span>) <span class=\"_ _61\"> </span>regroupant <span class=\"_ _61\"> </span>plusieurs <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficieront <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>synergies <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>acquisitions. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _73\"> </span>a <span class=\"_ _13\"> </span>identifi\u00e9 <span class=\"_ _13\"> </span>deux <span class=\"_ _13\"> </span>UGT\ue61dcorrespondant <span class=\"_ _73\"> </span>aux <span class=\"_ _13\"> </span>segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3\"></span>corporelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>incorporelles <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vie <span class=\"_ _3\"></span>d\u00e9finie <span class=\"_ _3b\"></span>et les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>tests <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>uniquement lorsque, <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cl\u00f4ture<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>\u00e9v\u00e9nements <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>circonstances indiquent <span class=\"_ _64\"> </span>qu\u2019une <span class=\"_ _65\"> </span>perte <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>valeur <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>pu <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>subie. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>principaux indicateurs d\u2019un <span class=\"_ _3\"></span>risque de perte <span class=\"_ _3\"></span>de valeur de <span class=\"_ _3\"></span>ces immobilisations incluent l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _d\"> </span>de <span class=\"_ _20\"> </span>changements <span class=\"_ _d\"> </span>significatifs <span class=\"_ _d\"> </span>dans <span class=\"_ _20\"> </span>l\u2019<span class=\"_ _1\"></span>environnement \u00e9conomique <span class=\"_\"> </span>des <span class=\"_\"> </span>actifs, <span class=\"_\"> </span>une <span class=\"_\"> </span>baisse <span class=\"_\"> </span>importante <span class=\"_\"> </span>dans <span class=\"_\"> </span>les <span class=\"_\"> </span>performances \u00e9conomiques <span class=\"_ _61\"> </span>attendues <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>actifs, <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>baisse <span class=\"_ _61\"> </span>importante <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>chi\ue61cre d\u2019<span class=\"_ _0\"></span>a\ue61caires ou de <span class=\"_ _3\"></span>la marge par rapport \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice pr\u00e9c\u00e9dent et par <span class=\"_ _3\"></span>rapport au budget ou une baisse de la part de march\u00e9 du Gr<span class=\"_ _0\"></span>oupe.Le <span class=\"ls0 ws0\">test de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation consiste \u00e0 comparer la valeur nette comptable de </span>l\u2019<span class=\"_ _0\"></span>actif avec <span class=\"_ _3\"></span>sa valeur recouvrable<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>celle<span class=\"ff9fb\">\u2011</span>ci \u00e9tant d\u00e9finie <span class=\"_ _3\"></span>comme le montant le <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>\u00e9lev\u00e9 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>(diminu\u00e9e <span class=\"_ _37\"></span>du <span class=\"_ _37\"> </span>co\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cession) <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la valeur d\u2019utilit\u00e9<span class=\"_ _0\"></span>.La juste valeur (diminu\u00e9e du co\u00fbt de cession) correspond au montant qui peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>obtenu <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>vente <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_ _46\"> </span>d\u2019une <span class=\"_ _46\"> </span>UGT<span class=\"_ _3\"></span>) <span class=\"_\"> </span>lors <span class=\"_ _61\"> </span>d\u2019une transaction <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>conditions <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>concurrence <span class=\"_ _64\"> </span>normale <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>des parties <span class=\"_ _3\"></span>bien <span class=\"_ _3\"></span>inform\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>consentantes, <span class=\"_ _3\"></span>diminu\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sortie. <span class=\"_ _3\"></span>Elle peut <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>(ou <span class=\"_ _3b\"></span>pour l\u2019UGT<span class=\"_ _3\"></span>) ou en utilisant <span class=\"_ _3\"></span>une m\u00e9thode bas\u00e9e sur <span class=\"_ _3\"></span>les \ufb02ux futurs de <span class=\"_ _3\"></span>tr\u00e9sorerie actualis\u00e9s, <span class=\"_ _3b\"></span>\u00e9tablis <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>perspective <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9, <span class=\"_ _3\"></span>qui <span class=\"_ _37\"></span>inclut les entr\u00e9es <span class=\"_ _3\"></span>et les <span class=\"_ _3\"></span>sorties <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>futures estim\u00e9es <span class=\"_ _3\"></span>susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre g\u00e9n\u00e9r\u00e9es <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>restructurations <span class=\"_ _65\"> </span>futur<span class=\"_ _0\"></span>es <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>am\u00e9lioration <span class=\"_ _65\"> </span>ou l\u2019<span class=\"_ _0\"></span>accroissement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>exclut <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>synergies attendues avec d\u2019<span class=\"_ _0\"></span>autres UGT du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>d\u2019utilit\u00e9 <span class=\"_ _3\"></span>correspond <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>des \ufb02ux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie futurs attendus de l\u2019<span class=\"_ _0\"></span>actif ou de l\u2019UGT<span class=\"_ _1\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>recouvrable, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>utilise <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>estimations des <span class=\"_ _47\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _47\"> </span>avant <span class=\"_ _44\"> </span>imp\u00f4t <span class=\"_\"> </span>actualis\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif incluant <span class=\"_\"> </span>une <span class=\"_\"> </span>valeur <span class=\"_\"> </span>terminale <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_\"> </span>\u00e9ch\u00e9ant. <span class=\"_\"> </span>Ces <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>sont <span class=\"_\"> </span>issus <span class=\"_\"> </span>des budgets <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>plus <span class=\"_ _44\"> </span>r\u00e9cents <span class=\"_ _44\"> </span>approuv\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>estim\u00e9s <span class=\"_ _3\"></span>sont actualis\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>taux de march\u00e9 long <span class=\"_ _3\"></span>terme avant <span class=\"_ _3\"></span>imp\u00f4t, qui re\ufb02\u00e8te <span class=\"_ _3\"></span>la valeur temps <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>argent et les risques sp\u00e9cifiques des actifs.Lorsque <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>valeur <span class=\"_ _60\"> </span>recouvrable <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _61\"> </span>(ou <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>actifs) <span class=\"_ _60\"> </span>est inf\u00e9rieure <span class=\"_ _63\"> </span>\u00e0 <span class=\"_ _63\"> </span>sa <span class=\"_ _6b\"> </span>valeur <span class=\"_ _63\"> </span>nette <span class=\"_ _6b\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_ _6b\"> </span>une <span class=\"_ _63\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _63\"> </span>est comptabilis\u00e9e <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>\u00ab\ue61dP<span class=\"_ _0\"></span>ertes <span class=\"_\"> </span>de <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>actifs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>exploitation <span class=\"_\"> </span>non courants\ue61d\u00bb <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>poursuivies <span class=\"_\"> </span>ou <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant <span class=\"_\"> </span>en <span class=\"_\"> </span>r\u00e9sultat <span class=\"_\"> </span>des activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. Conform\u00e9ment <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>IAS\ue61d36, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation <span class=\"_ _47\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition ne peut jamais faire l\u2019<span class=\"_ _1\"></span>objet d\u2019une reprise.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _6f\"> </span>valeur <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>comptes <span class=\"_ _6f\"> </span>consolid\u00e9s <span class=\"_ _6f\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3\"></span>ayant <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _65\"> </span>est <span class=\"_ _65\"> </span>revue <span class=\"_ _65\"> </span>annuellement <span class=\"_ _66\"> </span>conform\u00e9ment <span class=\"_ _65\"> </span>aux <span class=\"_ _65\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9alisation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tests <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>pour d\u00e9pr\u00e9ciation <span class=\"_ _65\"> </span>constitue <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>principe <span class=\"_ _66\"> </span>comptable <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sujet <span class=\"_ _66\"> </span>\u00e0 estimations <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>jugements <span class=\"_ _44\"> </span>car <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>d\u00e9termination <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>valeurs <span class=\"_ _37\"> </span>recouvrables des <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>acquisition <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>incorporelles <span class=\"_ _44\"> </span>ayant <span class=\"_ _44\"> </span>une dur\u00e9e <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>vie <span class=\"_ _6f\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _4c\"> </span>suppose <span class=\"_ _4c\"> </span>l\u2019utilisation <span class=\"_ _4c\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _6f\"> </span>qui n\u00e9cessitent <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>jugement <span class=\"_ _65\"> </span>telles <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>(i) <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_\"> </span>n\u00e9cessaires <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actualisation <span class=\"_\"> </span>des <span class=\"_\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>les <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>ou <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>unit\u00e9s <span class=\"_ _46\"> </span>g\u00e9n\u00e9ratrices <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>tr\u00e9sorerie, <span class=\"_\"> </span>(ii) <span class=\"_ _61\"> </span>la d\u00e9termination <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>op\u00e9rationnels <span class=\"_ _3b\"></span>futurs, <span class=\"_ _3b\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>leur valeur <span class=\"_ _1c7\"> </span>terminale, <span class=\"_ _1c7\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _73\"> </span>du <span class=\"_ _1c7\"> </span>chi\ue61cre <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61caires <span class=\"_ _1c7\"> </span>li\u00e9 <span class=\"_ _1c7\"> </span>aux immobilisations <span class=\"_ _65\"> </span>test\u00e9es, <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>marge <span class=\"_ _65\"> </span>op\u00e9rationnelle <span class=\"_ _65\"> </span>attach\u00e9e <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les p\u00e9riodes futures concern\u00e9es et le taux de redev<span class=\"_ _0\"></span>ances pour les marques.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">compl\u00e9ment <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>test <span class=\"_ _3\"></span>annuel <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>revoit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>chaque </span>date <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>arr\u00eat\u00e9 <span class=\"_ _3\"></span>certains <span class=\"_ _3b\"></span>indicateurs <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>conduire, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, \u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>test <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>consid\u00e8re <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>mises <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>jour <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>croissance <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>chi\ue61cre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61caires<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>valeurs <span class=\"_ _3b\"></span>terminales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les taux de redevances sont raisonnables et en <span class=\"_ _3\"></span>ligne avec les informations de march\u00e9 mises \u00e0 jour disponibles pour chaque <span class=\"ls6 ws6\">U<span class=\"_ _3b\"></span>G<span class=\"_ _3b\"></span>T.</span>Technicolor Creative Maison Corporat<span class=\"_ _0\"></span>e(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)StudiosConnect\u00e9e<span class=\"_ _1da\"> </span><span class=\"ls66 ws66\">SCS</span>&amp;\ue662Autres<span class=\"_ _1e1\"> </span><span class=\"ffa02\">T<span class=\"_ _f\"></span>otal</span>2022<span class=\"_ _128\"> </span><span class=\"ffa04\">\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _18e\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662</span>P<span class=\"_ _0\"></span>ertes de valeur sur \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition<span class=\"_ _30d\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations incorporelles<span class=\"_ _99\"> </span>-<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations corporelles<span class=\"_ _30e\"> </span>-<span class=\"_ _178\"> </span>(1)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)P<span class=\"_ _0\"></span>ertes de valeur sur droits d\u2019utilisation<span class=\"_ _2d3\"> </span>(1)<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _178\"> </span>(1)P<span class=\"_ _0\"></span>ertes de valeur sur actifs d\u2019<span class=\"_ _0\"></span>exploitation non courants<span class=\"_ _104\"> </span><span class=\"ffa02\">(1)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span>(2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(6)</span></span>Reprise de perte de valeur sur immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _79\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-PERTE DE V<span class=\"_ _1\"></span>ALEUR NETTE SUR ACTIFS D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION (1)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span>(2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)</span>NON\ue662COURANT<span class=\"_ _0\"></span>S2021<span class=\"_ _11f\"> </span><span class=\"ffa04\">\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _18e\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662</span>P<span class=\"_ _0\"></span>ertes de valeur sur \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition<span class=\"_ _30d\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations incorporelles<span class=\"_ _30f\"> </span>(2)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1a4\"> </span>(3)P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations corporelles<span class=\"_ _30e\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)P<span class=\"_ _0\"></span>ertes de valeur sur droits d\u2019utilisation<span class=\"_ _295\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1a4\"> </span>(3)<span class=\"_ _197\"> </span>-<span class=\"_ _9a\"> </span>(8)P<span class=\"_ _0\"></span>ertes de valeur sur actifs d\u2019<span class=\"_ _0\"></span>exploitation non courants<span class=\"_ _310\"> </span><span class=\"ffa02\">(5)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _197\"> </span></span>-<span class=\"_ _d7\"> </span>(13)</span>Reprise de perte de valeur sur immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _79\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>2<span class=\"_ _23f\"> </span>2PERTE DE V<span class=\"_ _1\"></span>ALEUR NETTE SUR ACTIFS D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION (5)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _1cf\"> </span></span>1<span class=\"_ _191\"> </span>(11)NON\ue662COURANT<span class=\"_ _0\"></span>S\ue61fAu <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3b\"></span>2022, <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>les droits <span class=\"_\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>1\ue61fmillion <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>euros <span class=\"_\"> </span>contre <span class=\"_\"> </span>8\ue61fmillions <span class=\"_ _44\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_\"> </span>en <span class=\"_\"> </span>2021. 6\ue61fmillions <span class=\"_ _4c\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _4c\"> </span>ont <span class=\"_ _4c\"> </span>\u00e9t\u00e9 <span class=\"_ _6f\"> </span>comptabilis\u00e9s <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>ligne <span class=\"_ _6f\"> </span>\"Co\u00fbts <span class=\"_ _66\"> </span>de restructuration\" <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>compte <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>2021 <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>re\ufb02\u00e8tent <span class=\"_ _37\"></span>les <span class=\"_ _44\"></span>e\ue61dorts <span class=\"_ _3b\"></span>du Groupe pour <span class=\"_ _3\"></span>r\u00e9duire son <span class=\"_ _3\"></span>empreinte <span class=\"_ _3\"></span>immobili\u00e8re notamment <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Am\u00e9rique du <span class=\"ls4 ws4\">Nord </span>(\u00c9tats<span class=\"ffa05\">\u2011</span>Unis et Canada).D<span class=\"_ _0\"></span>ans <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cadre <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>d\u00e9termination <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>recouvrable <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>pour le <span class=\"_ _3\"></span>test <span class=\"_ _3\"></span>de d\u00e9pr\u00e9ciation, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3\"></span>concernent <span class=\"_ _3\"></span>les sc\u00e9narios de <span class=\"_\"> </span>revenus <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>sous<span class=\"ffa05\">\u2011</span>location <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>ont <span class=\"_ _46\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>d\u00e9termin\u00e9s <span class=\"_ _46\"> </span>compte <span class=\"_ _61\"> </span>tenu <span class=\"_\"> </span>des conditions \u00e9conomiques actuelles et des valeurs de march\u00e9 disponibles<span class=\"_ _0\"></span>.4.5.<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span>Princip<span class=\"_ _0\"></span>ales hypoth\u00e8ses au 31\ue61fd\u00e9cembre 2022D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>test <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>annuel, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>utilis\u00e9 <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>suivantes <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>d\u00e9terminer <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>recouvrable <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>principales <span class=\"_ _37\"> </span>unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _0\"></span>erie\ue61f:\ue61fMaison Connect\u00e9e<span class=\"_ _7\"> </span><span class=\"ls66 ws66\">SCS</span>M\u00e9thode utilis\u00e9e pour d\u00e9terminer la valeur recouvr<span class=\"_ _0\"></span>able<span class=\"_ _311\"> </span>Juste valeur<span class=\"_ _1a4\"> </span>Juste valeurDescription des hypoth\u00e8ses cl\u00e9s<span class=\"_ _312\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61fP<span class=\"_ _0\"></span>\u00e9riode de projection des \ufb02ux futurs de tr\u00e9sorerie<span class=\"_ _14c\"> </span>5 ann\u00e9es<span class=\"_ _10a\"> </span>*T<span class=\"_ _23\"></span>aux de croissance utilis\u00e9 pour extrapoler les \ufb02ux de tr\u00e9sorerie au<span class=\"_ _0\"></span>\u2011<span class=\"ffa0a\">del\u00e0 de la p\u00e9riode de projection\ue61f:<span class=\"_ _1f5\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61f</span>au 31\ue61fd\u00e9cembre 2022<span class=\"_ _313\"> </span>1,0\ue61f%<span class=\"_ _10a\"> </span>*au 31\ue61fd\u00e9cembre 2021<span class=\"_ _261\"> </span>1,0\ue61f%<span class=\"_ _19\"> </span>*T<span class=\"_ _23\"></span>aux d\u2019<span class=\"_ _0\"></span>actualisation apr\u00e8s imp\u00f4t utilis\u00e9\ue61f:<span class=\"_ _314\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61fau 31\ue61fd\u00e9cembre 2022<span class=\"_ _30a\"> </span>10,0\ue61f%<span class=\"_ _183\"> </span>13,0\ue61f%au 31\ue61fd\u00e9cembre 2021<span class=\"_ _261\"> </span>9<span class=\"_ _1\"></span>,8\ue61f%<span class=\"_ _53\"> </span>9,9\ue61f%*\ue61f\ue61f\ue61f\ue61fIl a <span class=\"ls63 ws63\">\u00e9t\u00e9 <span class=\"_ _3\"></span></span>consid\u00e9r\u00e9 que le chi\ue61ere d\u2019a\ue61e<span class=\"_ _0\"></span>aires g\u00e9n\u00e9r\u00e9 de l\u2019activit\u00e9 r\u00e9plication <span class=\"ls5e ws5e\">et </span>distribution sera susceptible de d\u00e9cliner <span class=\"_ _3\"></span>dans le temps <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>de surcro\u00eet a une dur\u00e9e de vie <span class=\"_ _3\"></span>finie. Les autres lignes de chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires ont un taux de croissance \u00e0 long terme de 2\ue61f%.\ue61fP<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>l\u2019UGT <span class=\"_ _37\"></span><span class=\"ls69 ws69\">SC<span class=\"_ _3\"></span>S,<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>en <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>absence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>engageant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date de <span class=\"_ _3\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>actif <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3b\"></span>r\u00e9centes <span class=\"_ _3\"></span>comparables<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>des projections <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>estimer <span class=\"_ _3b\"></span>la juste <span class=\"_ _64\"> </span>valeur <span class=\"_ _64\"> </span>diminu\u00e9e <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>co\u00fbts <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vente. <span class=\"_ _64\"> </span>La <span class=\"_ _64\"> </span>Direction <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva consid\u00e8re <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>diminu\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vente <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode la <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>appropri\u00e9e <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>estimer <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _37\"> </span>UGT <span class=\"_ _44\"> </span>car <span class=\"_ _37\"> </span>elle <span class=\"_ _44\"> </span>prend <span class=\"_ _37\"></span>en compte <span class=\"_ _60\"> </span>les <span class=\"_ _64\"> </span>futures <span class=\"_ _60\"> </span>mesures <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>restructuration <span class=\"_ _60\"> </span>que <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>Groupe <span class=\"_ _60\"> </span>devra prendre <span class=\"_ _3b\"></span>face <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>un <span class=\"_ _37\"> </span>changement <span class=\"_ _37\"> </span>rapide <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>environnement <span class=\"_ _37\"></span>technologique. A <span class=\"_ _65\"> </span>titr<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>d\u2019information, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>co\u00fbts <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>restructuration <span class=\"_ _64\"> </span>se <span class=\"_ _65\"> </span>sont <span class=\"_ _64\"> </span>\u00e9lev\u00e9s <span class=\"_ _65\"> </span>\u00e0 33\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2020, 17\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>en 2021 et 12\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en <span class=\"_ _3b\"></span>2022. <span class=\"_ _37\"> </span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>telles <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>restructuration <span class=\"_ _3b\"></span>seraient <span class=\"_ _3b\"></span>envisag\u00e9es <span class=\"_ _37\"> </span>par <span class=\"_ _37\"></span>tout acteur <span class=\"_ _64\"> </span>du <span class=\"_ _65\"> </span>march\u00e9 <span class=\"_ _64\"> </span>compte <span class=\"_ _65\"> </span>tenu <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>environnement <span class=\"_ _65\"> </span>\u00e9conomique <span class=\"_ _64\"> </span>de l\u2019<span class=\"_ _0\"></span>entreprise.Les <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>de <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>\u00e9sorerie <span class=\"_\"> </span>actualis\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span><span class=\"ls4 ws4\">SCS <span class=\"_\"> </span></span>int\u00e8grent <span class=\"_\"> </span>les <span class=\"_\"> </span>chi\ue61dres <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>a\ue61daires historiques <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>r\u00e9plication <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>disques, ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>ceux de <span class=\"_\"> </span>la <span class=\"_\"> </span>diversification <span class=\"_\"> </span>(<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>inyl, <span class=\"_\"> </span>Dispositifs <span class=\"_\"> </span>micro\ufb02uidiques <span class=\"_\"> </span>et <span class=\"_\"> </span>Distribution <span class=\"_\"> </span>&amp; Logistique). <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _3b\"></span>dite <span class=\"_ _3b\"></span>historique <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>vinyle <span class=\"_ _37\"></span>ont <span class=\"_ _3b\"></span>une dur\u00e9e <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>vie <span class=\"_ _61\"> </span>finie <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _46\"> </span>15 <span class=\"_ _61\"> </span>ans, <span class=\"_ _61\"> </span>tandis <span class=\"_ _46\"> </span>que <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>autres <span class=\"_ _61\"> </span>activit\u00e9s <span class=\"_ _46\"> </span>de croissance ont int\u00e9gr\u00e9 un taux de cr<span class=\"_ _0\"></span>oissance \u00e0 long terme de 2 %.Le <span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>a enregistr\u00e9 aucune <span class=\"_ _3\"></span>perte de <span class=\"_ _3\"></span>valeur sur \u00e9carts <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition en </span>2022.4.5.2Sensibilit\u00e9 des pertes de valeur au\ue61f31\ue61fd\u00e9cembre 2022P<span class=\"_ _0\"></span>our Maison Connect\u00e9e\ue61f:\u2022une <span class=\"_ _64\"> </span>augmentation <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>1 <span class=\"_ _64\"> </span>point <span class=\"_ _64\"> </span>du <span class=\"_ _64\"> </span>taux <span class=\"_ _64\"> </span>d\u2019actualisation <span class=\"_ _60\"> </span>apr\u00e8s <span class=\"_ _64\"> </span>imp\u00f4t g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 76\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_ _44\"> </span>baisse <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>1 <span class=\"_ _44\"> </span>point <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>marge <span class=\"_ _44\"> </span>d\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>partir <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>2023 g\u00e9n\u00e9rerait <span class=\"_ _60\"> </span>une <span class=\"_ _64\"> </span>diminution <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>valeur <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>218\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation.P<span class=\"_ _0\"></span>our Solutions Logistiques\ue61f:\u2022une <span class=\"_\"> </span>diminution <span class=\"_\"> </span>de <span class=\"_\"> </span>10\ue61f% <span class=\"_\"> </span>des <span class=\"_\"> </span>volumes <span class=\"_\"> </span>de <span class=\"_\"> </span>SD<span class=\"ffa0c\">\u2011</span>D<span class=\"_ _0\"></span>VD <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>partir <span class=\"_\"> </span>de <span class=\"_\"> </span>2023 g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 10\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une diminution de 10\ue61f% <span class=\"_ _3\"></span>des volumes de Vinyl \u00e0 partir de 2023 g\u00e9n\u00e9rerait une <span class=\"_ _60\"> </span>diminution <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>entreprise <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>5\ue61fmillions <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _60\"> </span>sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_\"> </span>augmentation <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>0,5 <span class=\"_ _46\"> </span>point <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_\"> </span>moyen <span class=\"_ _46\"> </span>pond\u00e9r\u00e9 <span class=\"_\"> </span>du <span class=\"_ _61\"> </span>capital g\u00e9n\u00e9rerait <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>diminution <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>9\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_\"> </span>diminution <span class=\"_\"> </span>de <span class=\"_\"> </span>1 <span class=\"_ _46\"> </span>point <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>marge <span class=\"_\"> </span>d\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _46\"> </span>\u00e0 <span class=\"_\"> </span>partir <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>2023 g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 35\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation.Note 5<span class=\"_ _85\"> </span>Autres informations op\u00e9r<span class=\"_ _0\"></span>ationnelles5<span class=\"_ _3\"></span>.1<span class=\"_ _87\"> </span><span class=\"ls0 ws0\">Actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation</span>5.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7f\"> </span><span class=\"ls0 ws0\">Actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation non courants</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa15 fc1\">2021</span>A<span class=\"_ _0\"></span>vances sur contrats clients et remises pay\u00e9es d\u2019<span class=\"_ _1\"></span>avance<span class=\"_ _19f\"> </span>5<span class=\"_ _b7\"> </span>6Autres<span class=\"_ _315\"> </span>9<span class=\"_ _1a3\"> </span>29AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTS<span class=\"_ _1cd\"> </span>15<span class=\"_ _1a3\"> </span>35Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _2b8\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Autres<span class=\"_ _1ac\"> </span>(2)<span class=\"_ _11b\"> </span>(16)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTES<span class=\"_ _316\"> </span>(5)<span class=\"_ _12c\"> </span>(19)D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"> </span>normal <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>activit\u00e9s, <span class=\"_ _37\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>au <span class=\"_ _44\"> </span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>segment solutions <span class=\"_ _65\"> </span>logistiques, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>accorde <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>ses <span class=\"_ _65\"> </span>clients <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>avances <span class=\"_ _65\"> </span>de tr\u00e9sorerie <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>remises <span class=\"_ _3b\"></span>pay\u00e9es <span class=\"_ _3\"></span>d\u2019av<span class=\"_ _0\"></span>ance. <span class=\"_ _3b\"></span>Celles<span class=\"ffa16\">\u2011</span>ci <span class=\"_ _3\"></span>font <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _3b\"></span>partie d\u2019une <span class=\"_ _3b\"></span>relation <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>contrat <span class=\"_ _3b\"></span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>peuvent <span class=\"_ _3b\"></span>prendre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>formes vari\u00e9es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>avances <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>contrats <span class=\"_\"> </span>clients <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>princip<span class=\"_ _0\"></span>alement <span class=\"_\"> </span>vers\u00e9es <span class=\"_ _44\"> </span>en contrepartie d\u2019<span class=\"_ _0\"></span>engagements vari\u00e9s pris par <span class=\"_ _3\"></span>les clients sur <span class=\"_ _3\"></span>toute la dur\u00e9e des contrats<span class=\"_ _0\"></span>. <span class=\"_ _60\"> </span>Ces <span class=\"_ _61\"> </span>contrats <span class=\"_ _46\"> </span>donnent <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>Groupe <span class=\"_ _61\"> </span>un <span class=\"_ _61\"> </span>droit <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>prestation <span class=\"_ _46\"> </span>de service <span class=\"_ _66\"> </span>sur <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>zone <span class=\"_ _66\"> </span>g\u00e9ographique <span class=\"_ _65\"> </span>sp\u00e9cifique <span class=\"_ _66\"> </span>et <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9econtractuelle (en <span class=\"_ _3\"></span>g\u00e9n\u00e9ral <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>cinq <span class=\"_ _3\"></span>ans). <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>comprennent <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>qui d\u00e9finissent <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>tarif <span class=\"_ _37\"> </span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>volumes <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>services <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"></span>fournir<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>autres termes et conditions.Ces <span class=\"_ _65\"> </span>paiements <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>avances <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s <span class=\"_ _65\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>\u00ab\ue61fA<span class=\"_ _0\"></span>ctifs <span class=\"_ _65\"> </span>non courants\ue61f\u00bb, <span class=\"_ _3\"></span>enregistr\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61fA<span class=\"_ _0\"></span>vances <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>contrats <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>remises <span class=\"_ _3\"></span>pay\u00e9es d\u2019<span class=\"_ _0\"></span>avance\ue61f\u00bb <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>amortis <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9duction <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61dre <span class=\"_ _44\"> </span>d\u2019a\ue61d<span class=\"_ _0\"></span>aires, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _47\"> </span>des unit\u00e9s produites ou de l\u2019<span class=\"_ _0\"></span>avancement du traitement des films<span class=\"_ _0\"></span>.5.1<span class=\"_ _3b\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Stocks et en<span class=\"ffa16\">\u2011</span>cours</span>Les <span class=\"_ _46\"> </span>stocks <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>\u00e9valu\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>de production. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>production <span class=\"_ _37\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>directs <span class=\"_ _44\"> </span>de mati\u00e8re premi\u00e8re, les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel et <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>partie <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>frais g\u00e9n\u00e9raux repr\u00e9sentatifs <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts <span class=\"_ _61\"> </span>indirects <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>production, <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>excluent <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>frais administratifs<span class=\"_ _0\"></span>. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>v<span class=\"_ _0\"></span>endus <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>d\u00e9termin\u00e9 <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>la m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>co\u00fbt <span class=\"_ _44\"> </span>unitaire <span class=\"_ _44\"> </span>moyen <span class=\"_ _47\"> </span>pond\u00e9r\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>premier entr\u00e9 - premier sorti, <span class=\"_ _3\"></span>selon la nature du <span class=\"_ _3\"></span>stock concern\u00e9. Une d\u00e9pr\u00e9ciation est constat\u00e9e lorsque la <span class=\"_ _3\"></span>valeur comptable des stocks est sup\u00e9rieure \u00e0 leur valeur nette de r\u00e9alisation.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _37\"> </span>Direction <span class=\"_ _3b\"></span>tient <span class=\"_ _44\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tous <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>susceptibles <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>avoir <span class=\"_ _37\"> </span>un impact <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valorisation <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>stocks, <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baisse <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>projections <span class=\"_ _3\"></span>de ventes, <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>baisse <span class=\"_ _60\"> </span>attendue <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>prix <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vente, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actions <span class=\"_ _61\"> </span>sp\u00e9cifiques d\u2019<span class=\"_ _0\"></span>am\u00e9lioration ou de relance commerciale et l\u2019<span class=\"_ _0\"></span>obsolescence ou <span class=\"_ _3\"></span>la rotation lente.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa15 fc1\">2021</span>Mati\u00e8res premi\u00e8r<span class=\"_ _0\"></span>es<span class=\"_ _240\"> </span>169<span class=\"_ _2e\"> </span>142En<span class=\"ffa16 ls0 ws0\">\u2011<span class=\"ffa13\">cours<span class=\"_ _25f\"> </span>5<span class=\"_ _10a\"> </span>3</span></span>Produits finis et marchandises<span class=\"_ _308\"> </span>292<span class=\"_ _126\"> </span>201V<span class=\"_ _1\"></span>aleur brute<span class=\"_ _1c2\"> </span>466<span class=\"_ _292\"> </span>345Provisions pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation<span class=\"_ _243\"> </span>(14)<span class=\"_ _36\"> </span>(11)T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL STOCKS ET EN<span class=\"_ _0\"></span>\u2011<span class=\"ffa15\">COURS<span class=\"_ _317\"> </span>452<span class=\"_ _ed\"> </span>335</span>5.<span class=\"_ _1\"></span>1.3<span class=\"_ _6e\"> </span>Cr\u00e9ances clients, effets \u00e0 r<span class=\"_ _0\"></span>ecevoir et fournisseurs et effets \u00e0 payerLes <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa1e fc1\">2021</span>Cr\u00e9ances clients et e\ue61eets \u00e0 recevoir<span class=\"_ _15b\"> </span>357<span class=\"_ _55\"> </span><span class=\"ls55 ws55\">3<span class=\"_ _3\"></span>74</span>Provisions pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation<span class=\"_ _243\"> </span>(14)<span class=\"_ _11b\"> </span>(15)T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL CLIENTS ET EFFETS \u00c0 RE<span class=\"_ _0\"></span>CEVOIR<span class=\"_ _29c\"> </span>343<span class=\"_ _11b\"> </span>359\ue61dLes <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _37\"> </span>clients <span class=\"_ _37\"> </span>comprennent <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>2021 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>montants <span class=\"_ _37\"> </span>\u00e9chus <span class=\"_ _44\"> </span>de <span class=\"_ _3b\"></span>respectivement <span class=\"_ _37\"> </span>54\ue61dmillions <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>76\ue61dmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>pour lesquels des d\u00e9pr\u00e9ciations ont \u00e9t\u00e9 comptabilis\u00e9es pour (14) et (13)\ue61dmillions d\u2019<span class=\"_ _1\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition au risque de cr\u00e9dit sur les cr\u00e9ances clients du Groupe correspond \u00e0 la valeur nette comptable de ces actifs (<span class=\"_ _3\"></span>343\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2022 contre 359\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2021).5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>E<span class=\"_ _0\"></span>stimation des redevances \u00e0 payerD<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_\"> </span>cadr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>normal <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>ses <span class=\"_ _47\"> </span>activit\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_ _44\"> </span>\u00e0 utiliser certaines <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>prot\u00e9g\u00e9es par <span class=\"_ _3\"></span>des brevets <span class=\"_ _3\"></span>d\u00e9tenus par <span class=\"_ _3\"></span>des tiers. D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>la majorit\u00e9 <span class=\"_ _3\"></span>des cas, le <span class=\"_ _3\"></span>montant des <span class=\"_ _3\"></span>royalties \u00e0 payer <span class=\"_ _3\"></span>\u00e0 ces <span class=\"_ _3\"></span>tiers pour <span class=\"_ _3\"></span>l\u2019utilisation <span class=\"_ _3\"></span>de ces <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>d\u00e9fini <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat formel <span class=\"_ _3\"></span>de licences. <span class=\"_ _37\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>certains <span class=\"_ _44\"> </span>cas, <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>particulier <span class=\"_ _37\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>premi\u00e8res <span class=\"_ _37\"></span>ann\u00e9es d\u2019une <span class=\"_ _65\"> </span>technologie <span class=\"_ _65\"> </span>\u00e9mergente, <span class=\"_ _65\"> </span>quand <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>appartenance <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>droits <span class=\"_ _65\"> </span>de Propri\u00e9t\u00e9 intellectuelle <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>\u00eatre d\u00e9termin\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>certaine, le <span class=\"_\"> </span>jugement <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>Direction <span class=\"_\"> </span>est <span class=\"_\"> </span>utilis\u00e9 <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_\"> </span>la <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>obabilit\u00e9 qu\u2019un <span class=\"_ _61\"> </span>tiers <span class=\"_ _60\"> </span>r\u00e9clame <span class=\"_ _61\"> </span>ses <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>pour <span class=\"_ _61\"> </span>estimer <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>co\u00fbt <span class=\"_ _61\"> </span>probable <span class=\"_ _61\"> </span>de l\u2019utilisation <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>technologie <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors que <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>r\u00e9clamation est <span class=\"_ _3\"></span>probable. P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>r\u00e9aliser <span class=\"_ _65\"> </span>cette <span class=\"_ _65\"> </span>\u00e9v<span class=\"_ _0\"></span>aluation, <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>Direction <span class=\"_ _64\"> </span>prend <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>compte <span class=\"_ _65\"> </span>son exp\u00e9rience <span class=\"_ _44\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>technologies <span class=\"_ _47\"> </span>comparables <span class=\"_ _37\"> </span>et/ou <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>des d\u00e9tenteurs <span class=\"_ _46\"> </span>particuliers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>technologies. <span class=\"_\"> </span>Les <span class=\"_\"> </span>redevances <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>payer <span class=\"_ _61\"> </span>sont pr\u00e9sent\u00e9es <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>sein <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>courantes\ue61e\u00bb <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes non courantes\ue61e\u00bb dans le bilan du Groupe<span class=\"_ _0\"></span>.(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)Note 6<span class=\"_ _40\"> </span>I<span class=\"_ _0\"></span>mp\u00f4t6<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">Imp\u00f4t dans le compte de r\u00e9sultat</span>6<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.1<span class=\"_ _7f\"> </span><span class=\"ls0 ws0\">Charge d\u2019imp\u00f4t</span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>r\u00e9sultats <span class=\"_\"> </span>comprend <span class=\"_\"> </span>l\u2019imp\u00f4t <span class=\"_\"> </span>courant <span class=\"_\"> </span>et <span class=\"_\"> </span>di\ue61f\u00e9r\u00e9. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t di\ue61f\u00e9r\u00e9 est <span class=\"_ _3\"></span>comptabilis\u00e9 dans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres si l\u2019imp\u00f4t <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>des \u00e9l\u00e9ments qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 pr\u00e9c\u00e9demment comptabilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat du <span class=\"_ _3\"></span>r\u00e9sultat global <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>en <span class=\"_ _3b\"></span>capitaux <span class=\"_ _44\"> </span>propres<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>lors <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>m\u00eame <span class=\"_ _37\"> </span>exercice <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>d\u2019un <span class=\"_ _37\"> </span>exercice di\ue61f\u00e9rent. <span class=\"_ _44\"> </span>Par <span class=\"_\"> </span>ailleurs <span class=\"_ _44\"> </span>IAS\ue61e12 <span class=\"_\"> </span>ne <span class=\"_ _44\"> </span>pr\u00e9cise <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>si <span class=\"_\"> </span>les <span class=\"_\"> </span>\u00e9conomies <span class=\"_ _44\"> </span>d\u2019imp\u00f4ts provenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>pertes <span class=\"_ _3b\"></span>reportables <span class=\"_ _3\"></span>doivent <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>rapporter <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ayant g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>pertes <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>soci\u00e9t\u00e9 <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>utilisera. <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _65\"> </span></span>Groupe <span class=\"_ _64\"> </span>a comptabilis\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>\u00e9conomies <span class=\"_ _65\"> </span>d\u2019imp\u00f4ts <span class=\"_ _64\"> </span>futures <span class=\"_ _65\"> </span>prov<span class=\"_ _0\"></span>enant <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>pertes reportables <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_\"> </span>op\u00e9rations <span class=\"_ _44\"> </span>poursuivies, <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_ _47\"> </span>ces <span class=\"_ _47\"> </span>reports <span class=\"_ _44\"> </span>d\u00e9ficitaires seront <span class=\"_ _6f\"> </span>utilis\u00e9s <span class=\"_ _6f\"> </span>gr\u00e2ce <span class=\"_ _4c\"> </span>aux <span class=\"_ _6f\"> </span>b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>taxables <span class=\"_ _6f\"> </span>futurs <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>activit\u00e9s poursuivies.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">application <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>l\u2019IFRIC\ue61e23 <span class=\"_ _61\"> </span>- <span class=\"_ _60\"> </span>Incertitudes <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>traitements </span>fiscaux, <span class=\"_ _6f\"> </span>l\u2019imp\u00f4t <span class=\"_ _6f\"> </span>inclut <span class=\"_ _4c\"> </span>d\u00e9sormais <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>positions <span class=\"_ _6f\"> </span>fiscales <span class=\"_ _6f\"> </span>incertaines comptabilis\u00e9es pr\u00e9c\u00e9demment en \"Autres pr<span class=\"_ _0\"></span>ovisions\".(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffa2d fc1\">2021\ue662*</span>Imp\u00f4t courant<span class=\"_ _31a\"> </span><span class=\"ffa2d\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Fr<span class=\"_ _0\"></span>ance<span class=\"_ _282\"> </span>(1)<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Etr<span class=\"_ _0\"></span>anger<span class=\"_ _260\"> </span>(17)<span class=\"_ _32\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)</span>T<span class=\"_ _23\"></span>otal imp\u00f4t courant<span class=\"_ _20f\"> </span>(19)<span class=\"_ _2e\"> </span>(9)Imp\u00f4t di\ue75b\u00e9r\u00e9<span class=\"_ _133\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Fr<span class=\"_ _0\"></span>ance<span class=\"_ _280\"> </span>-<span class=\"_ _c6\"> </span>(1)Etr<span class=\"_ _0\"></span>anger<span class=\"_ _25e\"> </span>(12)<span class=\"_ _129\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>T<span class=\"_ _23\"></span>otal imp\u00f4t di\ue75b\u00e9r\u00e9<span class=\"_ _31b\"> </span><span class=\"ffa2e\">(11)<span class=\"_ _2e\"> </span>(5)</span>T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL CHARGE D<span class=\"_ _0\"></span>\u2019IMP\u00d4T DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S POURSUIVIES<span class=\"_ _279\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _12c\"> </span>(14)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61eEn <span class=\"ls0 ws0\">2022, la charge d\u2019imp\u00f4t courant r\u00e9sulte principalement des imp\u00f4ts courants comptabilis\u00e9s <span class=\"_ _0\"></span>en Inde, en P<span class=\"_ _0\"></span>ologne, au Mexique et au Canada.</span>En <span class=\"ls0 ws0\">2021, la charge d\u2019imp\u00f4t courant r\u00e9sulte principalement des imp\u00f4ts courants <span class=\"_ _0\"></span>comptabilis\u00e9s au Mexique, en Inde et au Canada.</span>Se reporter \u00e0 la note 6.2.<span class=\"_ _0\"></span>1 pour plus de d\u00e9tails sur la variation des imp\u00f4ts di\ue61f\u00e9r\u00e9s<span class=\"_ _0\"></span>.6<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">R<span class=\"_ _0\"></span>\u00e9conciliation entre la charge d\u2019imp\u00f4t th\u00e9orique et la charge d\u2019imp\u00f4t r<span class=\"_ _0\"></span>\u00e9elle</span>Le <span class=\"ls0 ws0\">tableau suivant illustre la r\u00e9conciliation entre la charge d\u2019imp\u00f4t th\u00e9orique (obtenue en appliquant le taux fran\u00e7ais d\u2019imp\u00f4t sur les soci\u00e9t\u00e9s de 25,83\ue61f%) et la </span>charge d\u2019imp\u00f4t comptabilis\u00e9e<span class=\"_ _0\"></span>. Les \u00e9l\u00e9ments de rapprochement sont d\u00e9crits ci<span class=\"ffa35\">\u2011</span>dessous\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffa37 fc1\">2021\ue662*</span>R\u00e9sultat net consolid\u00e9 des activit\u00e9s poursuivies<span class=\"_ _12f\"> </span>(529)<span class=\"_ _fe\"> </span>(143)R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _2ae\"> </span>(311)<span class=\"_ _f5\"> </span>-Imp\u00f4t sur les r\u00e9sultats<span class=\"_ _261\"> </span>(30)<span class=\"_ _11b\"> </span>(14)R\u00e9sultat des activit\u00e9s poursuivies avant imp\u00f4ts<span class=\"_ _31c\"> </span>(188)<span class=\"_ _f8\"> </span>(130)\ue61f<span class=\"_ _31d\"> </span>26\ue61f%<span class=\"_ _e5\"> </span>28\ue61f%Charge d\u2019imp\u00f4t th\u00e9orique<span class=\"_ _30b\"> </span>49<span class=\"_ _1a3\"> </span>37(1)V<span class=\"_ _1\"></span>ariation des imp\u00f4ts di\ue61e\u00e9r\u00e9s actifs non reconnus\ue61f<span class=\"_ _29c\"> </span>(80)<span class=\"_ _55\"> </span>149E\ue61eet des di\ue61e\u00e9r<span class=\"_ _0\"></span>ences permanentes<span class=\"_ _147\"> </span>(15)<span class=\"_ _28d\"> </span>(35)E\ue61eet des di\ue61e\u00e9r<span class=\"_ _0\"></span>ents taux d\u2019imp\u00f4t appliqu\u00e9s<span class=\"_ _29d\"> </span>16<span class=\"_ _129\"> </span><span class=\"ls52 ws52\">(6)</span>(2)E\ue61eet des modifications de taux d\u2019imp\u00f4ts appliqu\u00e9s localement\ue61f<span class=\"_ _305\"> </span>1<span class=\"_ _53\"> </span>(156)Retenues \u00e0 la source non imput\u00e9es<span class=\"_ _31e\"> </span>-<span class=\"_ _129\"> </span>(2)Charge d\u2019imp\u00f4t des activit\u00e9s poursuivies<span class=\"_ _271\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _12c\"> </span>(14)*\ue61f\ue61f\ue61fLes chi\ue61eres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1)\ue61fEn 2022, principalement li\u00e9 \u00e0 la d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation des ac<span class=\"_ _3\"></span>tifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s li\u00e9s aux pert<span class=\"_ _0\"></span>es de l\u2019ann\u00e9e<span class=\"_ _0\"></span>.(2)\ue61fEn 2021, le montant inclut essentiellement l\u2019impact de modification de taux d\u2019imp\u00f4t futurs notamment en F<span class=\"_ _0\"></span>rance (26\ue61f% en 2021 contre 32\ue61f% en 2020).6.<span class=\"_ _3\"></span>2<span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">Situation fiscale dans l\u2019<span class=\"_ _1\"></span>\u00e9tat de la situation financi\u00e8re</span>Les imp\u00f4ts di\ue61e\u00e9r\u00e9s r<span class=\"_ _0\"></span>\u00e9sultent\ue61f:\u2022des <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_ _46\"> </span>temporelles <span class=\"_ _61\"> </span>entre <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _61\"> </span>imposable <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et passifs et leur valeur comptable dans le bilan consolid\u00e9 du Groupe\ue61f; et\u2022des pertes fiscales et des cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s reportables<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">calcul <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _3b\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>di\ue61e\u00e9rences <span class=\"_ _3b\"></span>temporelles </span>est <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>entit\u00e9 <span class=\"_ _3b\"></span>(ou <span class=\"_ _3\"></span>groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s) <span class=\"_ _3\"></span>fiscale <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode du \u00ab\ue61freport variable\ue61f\u00bb.T<span class=\"_ _23\"></span>ous les passifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s sont comptabilis\u00e9s sauf\ue61f:\u2022si <span class=\"_ _3\"></span>l\u2019imp\u00f4t <span class=\"_ _3\"></span>r\u00e9sulte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2018acquisition, ou <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>d\u2019un <span class=\"_\"> </span>passif <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>une transaction <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>entreprises <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>qui, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>op\u00e9ration, <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>affecte <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable ou la perte fiscale\ue61f; et\u2022pour <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_\"> </span>temporelles <span class=\"_\"> </span>taxables <span class=\"_ _46\"> </span>li\u00e9es <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>participations dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>filiales, <span class=\"_ _61\"> </span>entreprises <span class=\"_ _61\"> </span>associ\u00e9es <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>co<span class=\"ffa35\">\u2011</span>entreprises, <span class=\"_ _61\"> </span>lorsque <span class=\"_ _61\"> </span>le Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>capable <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>contr\u00f4ler <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>diff\u00e9rence temporelle <span class=\"_ _46\"> </span>s\u2019inversera <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>s\u2019il <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>probable <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>diff\u00e9rence <span class=\"_ _61\"> </span>ne <span class=\"_ _61\"> </span>se r\u00e9alisera pas dans un avenir pr<span class=\"_ _0\"></span>\u00e9visible.Des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s sont comptabilis\u00e9s\ue61f:\u2022pour <span class=\"_ _3b\"></span>toute <span class=\"_ _3b\"></span>diff\u00e9rence <span class=\"_ _3b\"></span>temporelle <span class=\"_ _3b\"></span>d\u00e9ductible, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _37\"></span>il <span class=\"_ _3b\"></span>est probable <span class=\"_ _37\"> </span>qu\u2019<span class=\"_ _0\"></span>existe <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>imposable, <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>lequel <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>diff\u00e9rences temporelles <span class=\"_ _44\"> </span>d\u00e9ductibles <span class=\"_\"> </span>pourront <span class=\"_ _44\"> </span>\u00eatre <span class=\"_\"> </span>imput\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>que <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif d\u2019imp\u00f4t <span class=\"_ _3\"></span>diff\u00e9r\u00e9 <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9 par <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>actif ou <span class=\"_ _47\"> </span>d\u2019un <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>ansaction <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>qui, <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>moment <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>transaction, <span class=\"_ _61\"> </span>n\u2019affecte <span class=\"_ _61\"> </span>ni <span class=\"_ _61\"> </span>le b\u00e9n\u00e9fice comptable, ni le b\u00e9n\u00e9fice imposable (ou perte fiscale)\ue61f; et\u2022pour <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>report <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>avant <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>pertes <span class=\"_ _44\"> </span>fiscales <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cr\u00e9dits <span class=\"_ _44\"> </span>d\u2019imp\u00f4t <span class=\"_ _37\"> </span>non utilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>probable <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>disposera <span class=\"_ _3b\"></span>de b\u00e9n\u00e9fices <span class=\"_ _3b\"></span>imposables <span class=\"_ _37\"> </span>futurs <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>lesquels <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"> </span>pertes fiscales <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s pourront \u00eatre imput\u00e9s<span class=\"_ _0\"></span>.La valeur recouvrable des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s est revue \u00e0 chaque date de <span class=\"_\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>ajust\u00e9e <span class=\"_\"> </span>pour <span class=\"_\"> </span>prendre <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>compte <span class=\"_\"> </span>le <span class=\"_\"> </span>niveau <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable disponible pour <span class=\"_ _3\"></span>permettre l\u2019utilisation de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>avantage de tout <span class=\"_ _3\"></span>ou partie de ces actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>d\u2019imp\u00f4ts <span class=\"_ _3\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019imp\u00f4t <span class=\"_ _3\"></span>dont l\u2019<span class=\"_ _0\"></span>application <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>attendue <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>duquel <span class=\"_ _3\"></span>l\u2019actif <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 ou <span class=\"_ _61\"> </span>le <span class=\"_ _46\"> </span>passif <span class=\"_ _61\"> </span>r\u00e9gl\u00e9, <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>taux <span class=\"_ _61\"> </span>d\u2019imp\u00f4t <span class=\"_ _46\"> </span>(et <span class=\"_ _61\"> </span>r\u00e9glementations fiscales) <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>quasiment <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture<span class=\"_ _0\"></span>. Les imp\u00f4ts di\ue61e\u00e9r\u00e9s sont class\u00e9s en actifs et passifs non cour<span class=\"_ _0\"></span>ants.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>passifs <span class=\"_ _37\"></span>d\u2019imp\u00f4ts <span class=\"_ _37\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _37\"></span>sont <span class=\"_ _37\"> </span>compens\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>entit\u00e9 <span class=\"_ _44\"> </span>fiscale pour des \u00e9ch\u00e9ances de retournement \u00e9quivalentes<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"_ _37\"></span><span class=\"ls0 ws0\">jugement <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>requis <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>d\u00e9terminer <span class=\"_ _37\"></span>les </span>imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>passifs. <span class=\"_ _60\"> </span>Lorsqu\u2019une <span class=\"_ _61\"> </span>entit\u00e9 <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>a <span class=\"_ _61\"> </span>subi r\u00e9cemment <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _44\"></span>fiscales, <span class=\"_ _3b\"></span>le <span class=\"_ _44\"></span>retour <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>fiscal <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>suppos\u00e9 improbable<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>moins <span class=\"_ _3b\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _37\"></span>imp\u00f4t <span class=\"_ _44\"></span>di\ue61f\u00e9r\u00e9 <span class=\"_ _3b\"></span>actif <span class=\"_ _37\"></span>soit justifi\u00e9e par\ue61d:\u2022des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>qui <span class=\"_ _37\"></span>sont <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>cons\u00e9quence <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>circonstances <span class=\"_ _37\"></span>exceptionnelles et qui ne devraient pas se renouveler dans un av<span class=\"_ _0\"></span>enir proche\ue61d;\u2022la perspective de gains exceptionnels\ue61d; ou\u2022les r\u00e9sultats futurs attendus des contrats long terme<span class=\"_ _0\"></span>.\ue61dLe <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9tabli <span class=\"_\"> </span>un <span class=\"_\"> </span>plan <span class=\"_\"> </span>de <span class=\"_\"> </span>recouvr<span class=\"_ _0\"></span>abilit\u00e9 <span class=\"_\"> </span>des <span class=\"_\"> </span>imp\u00f4ts <span class=\"_\"> </span>permettant </span>d\u2019<span class=\"_ _0\"></span>estimer le montant des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs pouvant \u00eatre r<span class=\"_ _0\"></span>econnus.6<span class=\"_ _3\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _3\"></span>.1<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Analyse des v<span class=\"_ _0\"></span>ariations des imp\u00f4ts diff\u00e9r\u00e9s actifs et passifs nets</span>(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)Imp\u00f4ts di\ue75b\u00e9r\u00e9s actifs<span class=\"_ _81\"> </span>Imp\u00f4ts di\ue75b\u00e9r<span class=\"_ _0\"></span>\u00e9s passifs<span class=\"_ _c5\"> </span>T<span class=\"_ _f\"></span>otal, Imp\u00f4ts di\ue75b\u00e9r\u00e9s netsAu 31\ue662d\u00e9cembre 2020<span class=\"_ _31f\"> </span><span class=\"ffa41\">45<span class=\"_ _1de\"> </span>(15)<span class=\"_ _118\"> </span></span>30V<span class=\"_ _1\"></span>ariations impactant le r\u00e9sultat des activit\u00e9s poursuivies\ue61d*<span class=\"_ _d3\"> </span>(7)<span class=\"_ _38\"> </span>2<span class=\"_ _de\"> </span>(5)(1)Autres mouvements\ue61d<span class=\"_ _31c\"> </span>12<span class=\"_ _de\"> </span>(7)<span class=\"_ _38\"> </span>5Au 31\ue662d\u00e9cembre 2021<span class=\"_ _14c\"> </span>50<span class=\"_ _106\"> </span>(20)<span class=\"_ _118\"> </span>30V<span class=\"_ _1\"></span>ariations impactant le r\u00e9sultat des activit\u00e9s poursuivies<span class=\"_ _320\"> </span>(35)<span class=\"_ _fa\"> </span>23<span class=\"_ _f2\"> </span>(12)(1)Autres mouvements\ue61d<span class=\"_ _22c\"> </span>4<span class=\"_ _de\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _13a\"> </span></span>(2)AU 31\ue662d\u00e9cembre 2022<span class=\"_ _31f\"> </span><span class=\"ffa41\">19<span class=\"_ _e0\"> </span>(3)<span class=\"_ _113\"> </span>16</span>*\ue61f\ue61f\ue61fLes chi\ue61eres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1)\ue61fPrincipalement compensation des imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s ac<span class=\"_ _3\"></span>tifs <span class=\"ls5e ws5e\">et </span>passifs d\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance identique par entit\u00e9 fiscal, l\u2019impact fiscal sur les autres \u00e9l\u00e9ments du r<span class=\"_ _0\"></span>\u00e9sultat global ainsi que les variations de change.\ue61dAu <span class=\"_ _61\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _61\"> </span>2022, <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>actifs <span class=\"_ _60\"> </span>nets <span class=\"_ _61\"> </span>d\u2019imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>16\ue61dmillions <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _61\"> </span>r\u00e9sultent <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>reconnaissance <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>pertes <span class=\"_ _61\"> </span>reportables <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019impacts de\ue61ddivers\ue61ddi\ue61f\u00e9rences temporair<span class=\"_ _0\"></span>es au Mexique, en Australie et en P<span class=\"_ _0\"></span>ologne.Au <span class=\"_ _61\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _61\"> </span>2021, <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>nets <span class=\"_ _60\"> </span>d\u2019imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>30\ue61dmillions <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _61\"> </span>r\u00e9sultent <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>reconnaissance <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>pertes <span class=\"_ _61\"> </span>reportables <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019impacts de\ue61ddivers\ue61ddi\ue61f\u00e9rences temporair<span class=\"_ _0\"></span>es en Australie, I<span class=\"_ _0\"></span>nde, Mexique, au R<span class=\"_ _0\"></span>oyaume<span class=\"ffa43\">\u2011</span>Uni et au Canada.6.2<span class=\"_ _0\"></span>.2<span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">Analyse des imp\u00f4ts diff\u00e9r\u00e9s nets par nature</span>(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa40 fc1\">2021</span>E\ue75bet \ue75cscal des r<span class=\"_ _0\"></span>eports d\u00e9\ue75ccitaires<span class=\"_ _252\"> </span>1\ue662049<span class=\"_ _f8\"> </span>1\ue662055E\ue75bet \ue75cscal des di\ue75b\u00e9r<span class=\"_ _0\"></span>ences temporelles li\u00e9es aux\ue662:<span class=\"_ _321\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Immobilisations corporelles<span class=\"_ _1df\"> </span>12<span class=\"_ _e4\"> </span>30\u00c9<span class=\"_ _0\"></span>carts d\u2019acquisition<span class=\"_ _263\"> </span>4<span class=\"_ _129\"> </span>(2)Immobilisations incorporelles<span class=\"_ _308\"> </span>(48)<span class=\"_ _12c\"> </span>(55)Cr\u00e9ances clients et autres actifs<span class=\"_ _322\"> </span>22<span class=\"_ _1a3\"> </span><span class=\"ls53 ws53\">24</span>Dettes financi\u00e8res<span class=\"_ _323\"> </span>198<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s<span class=\"_ _2c4\"> </span>46<span class=\"_ _e4\"> </span>46Provisions et autr<span class=\"_ _0\"></span>es passifs<span class=\"_ _1df\"> </span>115<span class=\"_ _e4\"> </span>30T<span class=\"_ _23\"></span>otal des imp\u00f4ts di\ue75b\u00e9r\u00e9s sur di\ue75b\u00e9rences temporelles<span class=\"_ _13c\"> </span><span class=\"ffa41\">349<span class=\"_ _292\"> </span></span><span class=\"ls53 ws53\">244</span>Imp\u00f4ts di\ue75b\u00e9r\u00e9s actifs (p<span class=\"_ _0\"></span>assifs), bruts<span class=\"_ _324\"> </span>1\ue662398<span class=\"_ _e7\"> </span>1\ue662299Provision pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs<span class=\"_ _2af\"> </span>(1\ue61d382)<span class=\"_ _ee\"> </span>(1\ue61d269)IMP\u00d4<span class=\"_ _0\"></span>TS DIFF\u00c9R\u00c9S ACTIFS (P<span class=\"_ _1\"></span>ASSIFS<span class=\"_ _3\"></span>), NETS<span class=\"_ _22c\"> </span><span class=\"ffa41\">16<span class=\"_ _c6\"> </span></span>30\ue61dLes reports fiscaux d\u00e9ficitair<span class=\"_ _0\"></span>es dont le Groupe b\u00e9n\u00e9ficie dans les <span class=\"ls4e ws4e\">pays </span>o\u00f9 il exerce encore une activit\u00e9 s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8vent \u00e0 2,7\ue61dmilliards d\u2019<span class=\"_ _1\"></span>euros.En <span class=\"ls0 ws0\">2022, ces reports d\u00e9ficitaires proviennent principalement de la F<span class=\"_ _0\"></span>rance, des \u00c9<span class=\"_ _0\"></span>tats<span class=\"ffa43\">\u2011</span>Unis et du Roy<span class=\"_ _0\"></span>aume<span class=\"ffa43\">\u2011</span>Uni.</span>NOTES ANNEXES AUX C<span class=\"_ _0\"></span>OMPTES CONSOLID\u00c9S (SUITE)Note 7<span class=\"_ _c3\"> </span>Capitaux propr<span class=\"_ _0\"></span>es et r\u00e9sultat par actionClassement en dettes ou en capitaux propresLes <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>les <span class=\"_ _44\"></span>instruments <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>sont <span class=\"_ _44\"></span>class\u00e9s <span class=\"_ _44\"> </span>soit <span class=\"_ _44\"> </span>en dettes <span class=\"_ _65\"> </span>financi\u00e8res <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>capitaux <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>substance <span class=\"_ _65\"> </span>de l\u2019<span class=\"_ _0\"></span>arrangement contractuel.Instruments de capitaux pr<span class=\"_ _0\"></span>opresUn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">instrument <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>mettant <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>\u00e9vidence </span>un int\u00e9r\u00eat r\u00e9siduel dans les actifs d\u2019une entit\u00e9 apr\u00e8s d\u00e9duction de tous ses passifs. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>\u00e9mis <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>sont comptabilis\u00e9s <span class=\"_\"> </span>pour <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>ressources <span class=\"_\"> </span>per\u00e7ues, <span class=\"_\"> </span>nette <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts directs d\u2019<span class=\"_ _0\"></span>\u00e9mission.Co\u00fbts li\u00e9s aux op\u00e9rations de capitalLes <span class=\"_ _61\"> </span>frais <span class=\"_ _60\"> </span>externes <span class=\"_ _61\"> </span>directement <span class=\"_ _60\"> </span>attribuables <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>des <span class=\"_ _60\"> </span>op\u00e9rations <span class=\"_ _61\"> </span>sur <span class=\"_ _60\"> </span>les capitaux propres sont comptabilis\u00e9s en diminution des capitaux pr<span class=\"_ _0\"></span>opres.7.<span class=\"_ _3b\"></span>1<span class=\"_ _3f\"> </span><span class=\"ls0 ws0\">V<span class=\"_ _23\"></span>ariation du capital</span>Capital social (en\ue61eeuros, sauf le nombr<span class=\"_ _0\"></span>e d\u2019actions en unit\u00e9s)Nombre d\u2019<span class=\"_ _0\"></span>actions<span class=\"_ _2c\"> </span>V<span class=\"_ _1\"></span>aleur nominale(en\ue61eeuros)Capital social au 31\ue662d\u00e9cembre 2021<span class=\"_ _325\"> </span>235\ue662824\ue66255<span class=\"_ _0\"></span>5<span class=\"_ _1c6\"> </span>0,01<span class=\"_ _1dc\"> </span>2\ue662358\ue662246Augmentation de capital par conversion des OCA<span class=\"_ _206\"> </span>115\ue61e384\ue61e615<span class=\"_ _8b\"> </span>0,01<span class=\"_ _191\"> </span>1\ue61e153\ue61e846(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2019\ue61e<span class=\"_ _101\"> </span>78\ue61e637<span class=\"_ _158\"> </span>0,01<span class=\"_ _3c\"> </span><span class=\"ls70 ws70\">786</span>(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2020\ue61e<span class=\"_ _326\"> </span>2\ue61e800\ue61e276<span class=\"_ _158\"> </span>0,01<span class=\"_ _7e\"> </span>28\ue61e003(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e de l'ASP 2020\ue61e<span class=\"_ _2f0\"> </span>1\ue61e215\ue61e858<span class=\"_ _158\"> </span>0,01<span class=\"_ _268\"> </span>12\ue61e159\u00c9mission de nouvelles actions suite \u00e0 l\u2019<span class=\"_ _1\"></span>exercice de bons de souscription d\u2019<span class=\"_ _0\"></span>actions 91\ue61e739<span class=\"_ _158\"> </span>0,01<span class=\"_ _140\"> </span>917\u00ab\ue61eActionnaires\ue61e\u00bbCapital social au 31\ue662d\u00e9cembre 2022<span class=\"_ _316\"> </span>355\ue662395\ue662680<span class=\"_ _15f\"> </span>0,01<span class=\"_ _7a\"> </span>3\ue662553\ue662957(1) Les plans sont d\u00e9crits en note 9<span class=\"_ _0\"></span>.3.<span class=\"_ _300\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61fLe <span class=\"_ _37\"></span><span class=\"ls3 ws3\">19\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>agissant <span class=\"_ _44\"></span>sur <span class=\"_ _37\"></span>d\u00e9l\u00e9gation <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Conseil <span class=\"_ _37\"></span>d\u2019administr<span class=\"_ _0\"></span>ation, <span class=\"_ _37\"></span>le </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>approuv\u00e9 <span class=\"_ _46\"> </span>l\u2019ensemble <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _61\"> </span>d\u00e9crites <span class=\"_ _46\"> </span>ci<span class=\"ffa4c ls0 ws0\">\u2011</span>dessous relatives \u00e0 l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration des p\u00e9riodes d\u2019<span class=\"_ _0\"></span>acquisition de <span class=\"_ _3\"></span>droits de plusieurs plans et ce, <span class=\"_\"> </span>en <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9vision <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>s\u00e9paration <span class=\"_\"> </span>e\ue61dective <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creative <span class=\"_ _47\"> </span>Studios pr\u00e9vue <span class=\"_ _0\"></span>le 27\ue61eseptembre <span class=\"_ _0\"></span>2022\ue61e:\u2022constatation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"></span>r\u00e9alisation <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _44\"></span>augmentation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"></span>d\u2019un <span class=\"_ _37\"></span>montant nominal <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>393,04\ue61eeuros par <span class=\"_ _3\"></span>\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>39\ue61e304 <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>ordinaires nouvelles \u00e0 la <span class=\"_ _0\"></span>suite de <span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>exercice de <span class=\"_ _0\"></span>49\ue61e130 BSA <span class=\"_ _0\"></span>Actionnaires\ue61e;\u2022\u00e9mission <span class=\"_\"> </span>de <span class=\"_\"> </span>78\ue61e637 <span class=\"_\"> </span>actions <span class=\"_\"> </span>nouvelles <span class=\"_\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>livr<span class=\"_ _0\"></span>aison <span class=\"_\"> </span>diff\u00e9r\u00e9e <span class=\"_\"> </span>des actions attribu\u00e9es <span class=\"_ _3\"></span>gratuitement dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _1\"></span>TIP <span class=\"_ _3\"></span>2019 et <span class=\"_ _3\"></span>augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 786,37\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2\ue61e800\ue61e276 actions <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3\"></span>des actions attribu\u00e9es gratuitement dans le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _f\"></span>TIP <span class=\"_ _3\"></span>2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 28\ue61e002,76\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1\ue61e215\ue61e858 <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3b\"></span>des actions attribu\u00e9es gratuitement dans <span class=\"_ _0\"></span>le cadre de l\u2019<span class=\"_ _f\"></span>ASP 2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 12\ue61e158,58\ue61eeuros<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du <span class=\"_ _3\"></span>6\ue61emai 2022 a <span class=\"_ _3\"></span>approuv\u00e9 l\u2019<span class=\"_ _0\"></span>\u00e9mission avec suppression du droit <span class=\"_ _37\"></span>pr\u00e9f\u00e9rentiel <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>souscription <span class=\"_ _44\"></span>de <span class=\"_ _44\"></span>115\ue61e384\ue61e615 <span class=\"_ _37\"></span>Obligations <span class=\"_ _44\"> </span>Convertibles <span class=\"_ _44\"> </span>en Actions (<span class=\"_ _0\"></span>OCA) <span class=\"_ _3\"></span>au profit des <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires d\u00e9nomm\u00e9s, donnant droit en cas <span class=\"_ _3\"></span>de conversion <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>d\u2019un <span class=\"_\"> </span>nombre <span class=\"_\"> </span>maximum <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>nouvelles. Agissant <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>d\u00e9l\u00e9gation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>C<span class=\"_ _0\"></span>onseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration r\u00e9uni <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>6\ue61eseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>puis <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>22\ue61eseptembre <span class=\"_ _3b\"></span>2002, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u00e9l\u00e9gation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ce dernier <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Directeur <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>d\u00e9cision <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>26\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>ont, apr\u00e8s <span class=\"_\"> </span>avoir <span class=\"_\"> </span>d\u00e9cid\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>\u00e9mission <span class=\"_\"> </span>puis <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>souscription <span class=\"_\"> </span>automatique <span class=\"_\"> </span>des OCA, <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_\"> </span>de <span class=\"_\"> </span>capital <span class=\"_\"> </span>cons\u00e9cutive <span class=\"_\"> </span>du <span class=\"_\"> </span>capital <span class=\"_\"> </span>social <span class=\"_\"> </span>par l\u2019<span class=\"_ _0\"></span>\u00e9mission de <span class=\"_ _0\"></span>115\ue61e384\ue61e615 nouvelles <span class=\"_ _0\"></span>actions d\u2019une <span class=\"_ _0\"></span>valeur nominale <span class=\"_ _0\"></span>de 0,01\ue61eeuros<span class=\"_ _0\"></span>.Un <span class=\"_\"> </span><span class=\"ls0 ws0\">nombre <span class=\"_ _44\"> </span>compl\u00e9mentaire <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>25\ue61e040 <span class=\"_\"> </span>BSA <span class=\"_\"> </span>A<span class=\"_ _0\"></span>ctionnaires <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>exer<span class=\"_ _0\"></span>c\u00e9 </span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _44\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _44\"></span>reprise <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>leur <span class=\"_ _37\"></span>facult\u00e9 <span class=\"_ _37\"></span>d\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _37\"></span>(les <span class=\"_ _37\"></span>exercices <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>BSA ayant <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>suspendus <span class=\"_\"> </span>du <span class=\"_ _47\"> </span>6\ue61eseptembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>6\ue61eoctobre <span class=\"_\"> </span>2022 <span class=\"_\"> </span>pour <span class=\"_\"> </span>les besoins <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>Distribution en <span class=\"_ _3b\"></span>nature) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>lieu \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9mission, de 52\ue61e435 actions nouvelles.Ainsi, sur l\u2019<span class=\"_ _0\"></span>ensemble de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice clos le 31\ue61fd\u00e9cembre 2022, ce sont au total 7<span class=\"_ _0\"></span>4\ue61f170 <span class=\"_ _3b\"></span>BSA <span class=\"_ _3b\"></span>Actionnaires <span class=\"_ _3b\"></span>qui <span class=\"_ _37\"></span>ont <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>exerc\u00e9s <span class=\"_ _3b\"></span>(repr\u00e9sentant <span class=\"_ _3b\"></span>91\ue61f739 <span class=\"_ _3b\"></span>actions nouvelles), <span class=\"_ _64\"> </span>15\ue61f28<span class=\"_ _0\"></span>8\ue61f534 <span class=\"_ _64\"> </span>restants <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>exer<span class=\"_ _0\"></span>cer <span class=\"_ _64\"> </span>repr\u00e9sentant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>nombre <span class=\"_ _64\"> </span>de nouvelles actions ne pouvant d\u00e9passer 32\ue61f072\ue61f286<span class=\"_ _0\"></span>.Il <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">est <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>signaler <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>des\ue61fBSA </span>Actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>\u00e9tait <span class=\"_ _65\"> </span>\u00e9tablie <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>5\ue61fBSA <span class=\"_ _64\"> </span>Actionnaires <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>4 <span class=\"_ _65\"> </span>actions nouvelles, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>ajust\u00e9e <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9sormais <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>5\ue61fBSA <span class=\"_ _3\"></span>Actionnaires <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>10,5 actions nouvelles.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _46\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>connaissance <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>Soci\u00e9t\u00e9, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>soci\u00e9t\u00e9s suivantes d\u00e9tiennent plus de 5\ue61f% du capital de V<span class=\"_ _f\"></span>antiva\ue61f:\u2022Angelo<span class=\"_ _0\"></span>, <span class=\"_ _6f\"> </span>Gordon <span class=\"_ _4c\"> </span>&amp; <span class=\"_ _4c\"> </span>Co<span class=\"_ _0\"></span>., <span class=\"_ _4c\"> </span>LP<span class=\"_ _1\"></span>. <span class=\"_ _4c\"> </span>a <span class=\"_ _4c\"> </span>d\u00e9clar\u00e9 <span class=\"_ _4c\"> </span>d\u00e9tenir\ue61f79\ue61f671\ue61f524\ue61factions repr\u00e9sentant\ue61f22,<span class=\"_ _0\"></span>4\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f22,4\ue61f%\ue61fdes\ue61fdroits <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Bpifrance <span class=\"_ _63\"> </span>Particip<span class=\"_ _0\"></span>ations <span class=\"_ _6b\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _63\"> </span></span>a <span class=\"_ _63\"> </span>d\u00e9clar\u00e9 <span class=\"_ _63\"> </span>d\u00e9tenir\ue61f38\ue61f437\ue61f497\ue61factions repr\u00e9sentant\ue61f10,8\ue61f% <span class=\"_ _3b\"></span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f10,8\ue61f% <span class=\"_ _37\"></span>des\ue61fdroits <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Briarwood <span class=\"_ _64\"> </span>Chase <span class=\"_ _64\"> </span>Management <span class=\"_ _65\"> </span>LL<span class=\"_ _1\"></span>C <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>d\u00e9clar\u00e9 <span class=\"_ _64\"> </span>d\u00e9tenir <span class=\"_ _65\"> </span>36\ue61f950\ue61f7<span class=\"_ _1\"></span>40 actions repr\u00e9sentant <span class=\"_ _3\"></span>10,4\ue61f% du <span class=\"_ _3\"></span>capital social <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>10,4\ue61f% des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote de la Soci\u00e9t\u00e9\ue61f;\u2022Baring <span class=\"_ _61\"> </span>Asset <span class=\"_ _61\"> </span>Management <span class=\"_ _61\"> </span>Ltd <span class=\"_ _61\"> </span>a <span class=\"_ _60\"> </span>d\u00e9clar\u00e9 <span class=\"_ _61\"> </span>d\u00e9tenir <span class=\"_ _61\"> </span>29\ue61f016\ue61f111 <span class=\"_ _61\"> </span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>vote <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Cr\u00e9dit <span class=\"_ _37\"></span>Suisse <span class=\"_ _37\"> </span>Asset <span class=\"_ _44\"> </span>Management <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>d\u00e9clar\u00e9 <span class=\"_ _37\"></span>d\u00e9tenir <span class=\"_ _37\"> </span>22\ue61f512\ue61f745 <span class=\"_ _3b\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_\"> </span>social <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>droits <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>vote <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022F<span class=\"_ _0\"></span>arallon <span class=\"_ _3\"></span>Capital <span class=\"_ _3b\"></span>Management <span class=\"_ _3\"></span>LL<span class=\"_ _0\"></span>C <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>d\u00e9clar\u00e9 <span class=\"_ _3\"></span>d\u00e9tenir <span class=\"_ _3b\"></span>19\ue61f491\ue61f396 <span class=\"_ _3\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ote <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9.7.<span class=\"_ _47\"></span>2<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">Autres \u00e9l\u00e9ments des capitaux propr<span class=\"_ _0\"></span>es</span>7.<span class=\"_ _44\"></span>2<span class=\"_ _44\"></span>.<span class=\"_ _3b\"></span>1T<span class=\"_ _1\"></span>itres super subordonn\u00e9sLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">26\ue61fseptembre <span class=\"_ _3b\"></span>2005, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>\u00e9mission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _0\"></span>itres <span class=\"_ _3b\"></span>super </span>subordonn\u00e9s <span class=\"_ _37\"></span>(<span class=\"_ _3\"></span>TSS), <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>un <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>nominal <span class=\"_ _37\"> </span>de 500\ue61fmillions <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _61\"> </span>Aucun <span class=\"_ _61\"> </span>instrument <span class=\"_ _61\"> </span>d\u00e9riv\u00e9 <span class=\"_ _60\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>identifi\u00e9 <span class=\"_ _61\"> </span>car <span class=\"_ _61\"> </span>les clauses pr\u00e9vues <span class=\"_ _3\"></span>et d\u00e9taill\u00e9es <span class=\"_ _3\"></span>sont en <span class=\"_ _3\"></span>dehors du <span class=\"_ _3\"></span>champ de <span class=\"_ _3\"></span>la d\u00e9finition <span class=\"_ _3\"></span>d\u2019un d\u00e9riv\u00e9 selon IAS\ue61f39<span class=\"_ _0\"></span>.En <span class=\"_ _64\"> </span>raison <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>caract\u00e8re <span class=\"_ _60\"> </span>subordonn\u00e9 <span class=\"_ _64\"> </span>de ces\ue61ftitres<span class=\"_ _0\"></span>, ainsi que de la nature optionnelle du coupon, les titres avaient \u00e9t\u00e9 enregistr\u00e9s <span class=\"_ _37\"> </span>conform\u00e9ment <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>IFRS <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>leur valeur <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>re\u00e7ue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>492\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>(prix <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>minor\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>frais de transaction).Depuis <span class=\"_ _6c\"> </span>la <span class=\"_ _2a\"> </span>restructuration <span class=\"_ _2a\"> </span>de <span class=\"_ _2a\"> </span>la <span class=\"_ _1c7\"> </span>dette <span class=\"_ _2a\"> </span>du <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>en <span class=\"_ _2a\"> </span>2010, les\ue61fcaract\u00e9ristiques des TSS sont dor<span class=\"_ _0\"></span>\u00e9navant les suivantes\ue61f:\u2022ils <span class=\"_ _3\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>remboursables <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>(i)\ue61f\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>option <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>certains <span class=\"_ _3\"></span>cas contractuellement d\u00e9finis ou (ii)\ue61fen cas de liquidation de\ue61fla Soci\u00e9t\u00e9\ue61f;\u2022ils <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>portent <span class=\"_ _44\"> </span>plus <span class=\"_ _37\"> </span>int\u00e9r\u00eat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _44\"> </span>d\u00e9finitif <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>25\ue61fmillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros ayant <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>effectu\u00e9 <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>TSS <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>remboursement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>leurs cr\u00e9ances d\u2019int\u00e9r\u00eats en 2010.7<span class=\"_ _23\"></span>.2.2Dividendes et distributionsAu <span class=\"_\"> </span>titre <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>exer<span class=\"_ _0\"></span>cices <span class=\"_ _46\"> </span>2020 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>Assembl\u00e9es <span class=\"_\"> </span>g\u00e9n\u00e9rales <span class=\"_\"> </span>tenues respectivement les 12\ue61fmai 2021 et 30\ue61fjuin <span class=\"_ _3\"></span>2022 n\u2019<span class=\"_ _0\"></span>ont pas vot\u00e9 de\ue61fversement de dividende.7<span class=\"_ _f\"></span>.2.3P<span class=\"_ _0\"></span>articipations ne donnant pas le contr\u00f4leEn <span class=\"_\"> </span><span class=\"ls0 ws0\">2022 <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_ _44\"> </span>aucune <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>participations <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>donnant <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>le </span>contr\u00f4le n\u2019<span class=\"_ _0\"></span>a eu lieu.7.<span class=\"_ _44\"></span>3<span class=\"_ _14f\"> </span><span class=\"ls0 ws0\">R\u00e9sultat par action</span>Le <span class=\"_ _65\"> </span>r\u00e9sultat <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>calcul\u00e9 <span class=\"_ _64\"> </span>en <span class=\"_ _65\"> </span>divisant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>r\u00e9sultat attribuable <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _47\"> </span>m\u00e8re <span class=\"_ _44\"> </span>par <span class=\"_ _47\"> </span>le nombre moyen <span class=\"_ _3\"></span>pond\u00e9r\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires en <span class=\"_ _3\"></span>circulation au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la p\u00e9riode, en ex<span class=\"_ _0\"></span>cluant les actions propres d\u00e9tenues par le Groupe.Le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>dilu\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>action <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>calcul\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>divisant <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>attribuable aux porteurs d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires de la soci\u00e9t\u00e9 m\u00e8re par le nombre moyen pond\u00e9r\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_\"> </span>en <span class=\"_\"> </span>circulation <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_\"> </span>en prenant <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>tous <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>instruments <span class=\"_ _65\"> </span>potentiellement dilutifs <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>convertis <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>produit <span class=\"_ _3\"></span>suppos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces instruments <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>utilis\u00e9 <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"> </span>acqu\u00e9rir <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>actions <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>cours moyen <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_\"> </span>dur<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>laquelle <span class=\"_ _44\"> </span>ces instruments \u00e9taient en circulation.Les instruments potentiellement dilutifs comprennent\ue61f:\u2022les options \u00e9mises, si elles sont dilutives\ue61f;\u2022les <span class=\"_ _37\"></span>instruments <span class=\"_ _37\"></span>\u00e9mis <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plans <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>stock<span class=\"ffa57\">\u2011</span>options <span class=\"_ _37\"> </span>mis <span class=\"_ _37\"> </span>en place <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>Groupe, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>cours <span class=\"_ _3b\"></span>moyen des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>sup\u00e9rieur <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice ajust\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces instruments.R\u00e9sultat dilu\u00e9 par actionExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sauf le nombre d\u2019<span class=\"_ _0\"></span>actions en milliers)2022<span class=\"_ _183\"> </span><span class=\"ffa5f fc1\">2021\ue662*</span>R\u00e9sultat net<span class=\"_ _1d3\"> </span>151<span class=\"_ _226\"> </span>(140)R\u00e9sultat net attribuable aux int\u00e9r\u00eats minoritair<span class=\"_ _0\"></span>es<span class=\"_ _327\"> </span>-<span class=\"_ _19\"> </span>-R\u00e9sultat net des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _107\"> </span>(680)<span class=\"_ _32\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>Num\u00e9rateur\ue662:<span class=\"_ _328\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662R\u00e9sultat net retr<span class=\"_ _0\"></span>ait\u00e9 (part du Groupe) des activit\u00e9s poursuivies<span class=\"_ _117\"> </span>(529)<span class=\"_ _e7\"> </span>(143)Nombre moyen d\u2019<span class=\"_ _1\"></span>actions ordinaires de base disponibles <span class=\"ffa61\">(en milliers)<span class=\"_ _173\"> </span></span>268\ue61f949<span class=\"_ _249\"> </span>235\ue61f814E\ue61eet dilutif des <span class=\"_ _0\"></span><span class=\"ffa61\">stock</span>\u2011options<span class=\"ffa5c\">, des plans d\u2019<span class=\"_ _0\"></span>actions gratuites et de performance et des Obligations Convertibles<span class=\"_ _1a3\"> </span>-<span class=\"_ _f5\"> </span>-</span>D\u00e9nominateur\ue662:<span class=\"_ _329\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Nombre moyen pond\u00e9r<span class=\"_ _0\"></span>\u00e9 d\u2019actions dilu\u00e9 <span class=\"_ _0\"></span>(en milliers)<span class=\"_ _e1\"> </span><span class=\"ffa5f\">268\ue662949<span class=\"_ _8b\"> </span>235\ue662814</span>* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"ls0 ws0\">application d\u2019IAS\ue61f33, le calcul du caract\u00e8re dilutif a \u00e9t\u00e9 fait sur la base du r<span class=\"_ _0\"></span>\u00e9sultat des activit\u00e9s poursuivies.</span>7.<span class=\"_ _37\"></span>4<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">Relation avec les parties li\u00e9es</span>Une partie est li\u00e9e au Groupe dans les cas suiv<span class=\"_ _0\"></span>ants\ue61f:\u2022directement <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>indir<span class=\"_ _0\"></span>ectement <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>biais <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>plusieurs interm\u00e9diaires<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>la partie <span class=\"_ _3\"></span>(i) contr\u00f4le le <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>est contr\u00f4l\u00e9e par <span class=\"_ _3\"></span>lui, ou est <span class=\"_ _37\"> </span>soumise <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>contr\u00f4le <span class=\"_ _37\"> </span>commun, <span class=\"_ _37\"> </span>(ii) <span class=\"_ _44\"> </span>d\u00e9tient <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>une participation qui lui permet d\u2019<span class=\"_ _0\"></span>exercer une influence notable sur elle\ue61f;\u2022la partie est une entreprise associ\u00e9e\ue61f;\u2022la <span class=\"_ _64\"> </span>partie <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>co<span class=\"ffa62\">\u2011</span>entreprise <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>laquelle <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>un co<span class=\"ffa62\">\u2011</span>entrepreneur\ue61f;\u2022la <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>l\u2019un <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>ses <span class=\"_ _65\"> </span>administrateurs <span class=\"_ _65\"> </span>fait <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_\"> </span>ou <span class=\"_\"> </span>du <span class=\"_\"> </span>Comit\u00e9 <span class=\"_\"> </span>E<span class=\"_ _0\"></span>x\u00e9cutif <span class=\"_\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>ou <span class=\"_\"> </span>est <span class=\"_\"> </span>un <span class=\"_\"> </span>des membres proches de la famille vis\u00e9e p<span class=\"_ _0\"></span>ar les situations ci<span class=\"ffa62\">\u2011</span>dessus.Note 8<span class=\"_ _40\"> </span>Actifs financiers<span class=\"_ _0\"></span>, passifs financiers et instruments financiers d\u00e9riv\u00e9s8<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">Actifs financiers</span>8<span class=\"_ _3\"></span>.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7b\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _45\"></span>r\u00e9sorerie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _0\"></span>erie</span>1.La tr\u00e9sorerie correspond aux disponibilit\u00e9s en banque ainsi qu\u2019<span class=\"_ _1\"></span>aux d\u00e9p\u00f4ts \u00e0 vue.2.Les \u00e9quivalents de <span class=\"_ _3\"></span>tr\u00e9sorerie correspondent <span class=\"_ _3\"></span>aux placements <span class=\"_ _3\"></span>\u00e0 court <span class=\"_ _3\"></span>terme, tr\u00e8s liquides <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la maturit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>origine <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>exc\u00e8de pas <span class=\"_ _3\"></span>trois mois, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire les placements qui sont facilement convertibles en un montant connu de tr\u00e9sorerie et qui sont soumis \u00e0 un <span class=\"_ _3\"></span>risque n\u00e9gligeable de changement de valeur<span class=\"_ _1\"></span>.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa6b fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _25e\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _32\"> </span></span>187\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _32a\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _b7\"> </span></span>9TR\u00c9SORERIE ET \u00c9QUIV<span class=\"_ _1\"></span>ALENTS DE TR\u00c9SORERIE<span class=\"_ _df\"> </span>167<span class=\"_ _36\"> </span>196\ue61f8.2<span class=\"_ _c3\"> </span>P<span class=\"_ _0\"></span>assifs financiers8.2.<span class=\"_ _0\"></span>1Dettes financi\u00e8r<span class=\"_ _0\"></span>es8.2.<span class=\"_ _0\"></span>1.1Principales caract\u00e9ristiquesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">lien <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>refinanc\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>la </span>dette issue de la Sauvegarde F<span class=\"_ _0\"></span>inanci\u00e8re Activ\u00e9e.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">15\ue61fseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Nouveau Financement <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la Dette <span class=\"_ _3\"></span>R\u00e9am\u00e9nag\u00e9e, </span>ont \u00e9t\u00e9 compl\u00e9tement rembours\u00e9s au moyen de\ue61f:1.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _66\"> </span>dette <span class=\"_ _65\"> </span>attribu\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _66\"> </span>Creative <span class=\"_ _65\"> </span>Studios pr\u00e9alablement \u00e0 sa distribution\ue61f;2.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>convertible <span class=\"_ _3\"></span>(et <span class=\"_ _3b\"></span>subs\u00e9quemment <span class=\"_ _3\"></span>convertie) pour 292,5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;3.la <span class=\"_ _61\"> </span>souscription <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>deux <span class=\"_ _61\"> </span>emprunts <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>Barclays <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _1\"></span>Angelo Gordon pour 250 et 125\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros respectivement.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">parall\u00e8le, <span class=\"_ _3b\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9vis\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>prolong\u00e9 <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>assise <span class=\"_ _3b\"></span>sur </span>des actifs (\ue61f\u00ab\ue61fl\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb) pour une dur\u00e9e de 4 ans.Suite \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Distribution de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S,<span class=\"_ _3b\"></span> </span>V<span class=\"_ _1\"></span>antiva n\u2019est plus part <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>aucune forme <span class=\"_ _3\"></span>\u00e0 la dette de <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.</span>La dette financi\u00e8re du Groupe au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022, avec et sans les dettes de loyer IFRS\ue61e16, se d\u00e9compose comme suit\ue61e:Dette nette Vantiva d\u00e9cembre 2022 - sans dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>auxT<span class=\"_ _23\"></span>auxEntit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRS\ue662nominal\ue662e\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span></span>382<span class=\"_ _11\"> </span>364<span class=\"_ _e\"> </span><span class=\"ffa72\">8,5\ue662%<span class=\"_ _6a\"> </span>13,0\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _17c\"> </span><span class=\"ffa71\">216<span class=\"_ _80\"> </span>197<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.6(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.\ue61eDette nette Vantiva d\u00e9cembre 2022 - avec dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>aux\ue662T<span class=\"_ _23\"></span>aux\ue662Entit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRSnominale\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _180\"> </span>66<span class=\"_ _94\"> </span>66<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _8a\"> </span>\ue61eop\u00e9rationnelsDivers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ab\"> </span></span>448<span class=\"_ _1a6\"> </span>430<span class=\"_ _2c9\"> </span><span class=\"ffa72\">9\ue662%<span class=\"_ _42\"> </span>12,8\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span><span class=\"ffa71\">282<span class=\"_ _2c9\"> </span>263<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.8.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _52\"> </span>Conditions principales des conventions de cr\u00e9ditV<span class=\"_ _1\"></span>antiva a <span class=\"_ _3\"></span>conclu <span class=\"_ _3\"></span>deux emprunts <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>portent les <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>caract\u00e9ristiques suivantes\ue61f:\u2022Emprunt Barclays de <span class=\"_ _3\"></span>250\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>avec privil\u00e8ge <span class=\"_ _3\"></span>de premier rang (\u00ab\ue61fFirst lien\ue61f\u00bb ou \u00ab\ue61f1L\ue61f\u00bb)\u2022cet emprunt est senior par rapport \u00e0 l\u2019<span class=\"_ _0\"></span>emprunt de second rang\ue61f;\u2022maturit\u00e9 <span class=\"_ _6f\"> </span>de <span class=\"_ _6f\"> </span>4 <span class=\"_ _4c\"> </span>ans <span class=\"_ _6f\"> </span>jusqu\u2019\u00e0 <span class=\"_ _4c\"> </span>septembre\ue61f2026 <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>une <span class=\"_ _4c\"> </span>option d\u2019<span class=\"_ _0\"></span>extension <span class=\"_ _63\"> </span>d\u2019un <span class=\"_ _62\"> </span>an <span class=\"_ _63\"> </span>moyennant <span class=\"_ _62\"> </span>paiement <span class=\"_ _63\"> </span>d\u2019une <span class=\"_ _62\"> </span>commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _44\"> </span>capitalis\u00e9s\ue61f: <span class=\"_ _44\"> </span>3\ue61f% <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>premi\u00e8re <span class=\"_ _44\"> </span>ann\u00e9e, <span class=\"_ _37\"> </span>augmentant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>4\ue61f% <span class=\"_ _44\"> </span>12 mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"> </span>puis <span class=\"_ _37\"> </span>5,5\ue61f% <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">24<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>mois <span class=\"_ _37\"> </span>apr\u00e8s <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"></span>ce <span class=\"_ _37\"></span>taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite,\u2014int\u00e9r\u00eats en esp\u00e8ces\ue61f: EURIBOR 3 mois et marge de 2,5 %\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _37\"> </span>est <span class=\"_ _37\"> </span>assorti <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"></span>commission <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>remboursement <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,5\ue61f% jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _66\"> </span>premier <span class=\"_ _65\"> </span>anniversaire <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>5\ue61f% <span class=\"_ _66\"> </span>ensuite <span class=\"_ _65\"> </span>(y <span class=\"_ _66\"> </span>compris <span class=\"_ _66\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance)\ue61f;\u2022Emprunt <span class=\"_ _64\"> </span>Angelo <span class=\"_ _64\"> </span>Gordon <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>second <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>ang <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>125\ue61fmillions <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _1\"></span>euros (\u00ab\ue61fSecond lien\ue61f\u00bb ou \u00ab\ue61f2L\ue61f\u00bb)\ue61f:\u2022cet emprunt est subordonn\u00e9 au premier\ue61f;\u2022maturit\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>4,5 <span class=\"_ _44\"> </span>ans <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_\"> </span>mars\ue61f2027 <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>option <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>extension d\u2019un an moyennant paiement d\u2019une commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _3b\"></span>capitalis\u00e9s\ue61f: <span class=\"_ _3b\"></span>5\ue61f% <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3\"></span>augmentant <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>5,5\ue61f% <span class=\"_ _3b\"></span>12 mois apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, puis 6\ue61f%,\u2014int\u00e9r\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces\ue61f: <span class=\"_ _3\"></span>EURIBOR <span class=\"_ _3\"></span>3 mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>marge de <span class=\"_ _3\"></span>4\ue61f% <span class=\"_ _3\"></span>puis <span class=\"_ _3\"></span>6\ue61f% \u00e0 partir de la deuxi\u00e8me ann\u00e9e\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>assorti <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>commission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>4\ue61f% <span class=\"_ _3\"></span>(y compris \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance).La <span class=\"_ _3b\"></span>commission <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>remboursement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>prise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>calcul <span class=\"_ _37\"></span>du taux e\ue61eectif (cf<span class=\"_ _0\"></span>. tableau ci<span class=\"ffa7a\">\u2011</span>dessus).L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo de 125\ue61fmillions de $ a \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9tendu pour une dur\u00e9e de 4 ans \u00e0 compter du 15\ue61fseptembre 2022.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>First <span class=\"_ _3\"></span>Lien, <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>Second <span class=\"_ _3\"></span>Lien <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo sont collectivement d\u00e9sign\u00e9s comme les \u00ab\ue61fInstruments de dette\ue61f\u00bb.Les principaux termes des I<span class=\"_ _0\"></span>nstruments de dette sont d\u00e9crits ci<span class=\"ffa7a\">\u2011</span>dessous.Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.8.3<span class=\"_ _c3\"> </span>Instruments financiers d\u00e9riv\u00e9sPrincipes g\u00e9n\u00e9rauxLe <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>n\u00e9gocie <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>instruments <span class=\"_\"> </span>financiers <span class=\"_ _61\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>fins <span class=\"_ _61\"> </span>de couverture <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>notamment <span class=\"_ _3\"></span>r\u00e9duire <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eat. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>souscrits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gr\u00e9-\u00e0-gr\u00e9 et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>r\u00e9gis par <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>accords <span class=\"_\"> </span>standards <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>type <span class=\"_ _46\"> </span>\u00ab\ue61eISDA\ue61e\u00bb (<span class=\"ffa8b\">I<span class=\"_ _0\"></span>nternational <span class=\"_ _46\"> </span>Swaps <span class=\"_\"> </span>and </span>Deriv<span class=\"_ _0\"></span>atives Association<span class=\"ffa8a\">, Inc.), ou par des accords habituels pour le march\u00e9 </span>fran\u00e7ais<span class=\"_ _0\"></span>.Comptabilit\u00e9 de couvertur<span class=\"_ _0\"></span>eLes <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"> </span>d\u00e9riv\u00e9s <span class=\"_ _37\"> </span>peuvent <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>d\u00e9sign\u00e9s <span class=\"_ _37\"></span>comme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>instruments de couverture dans une des trois r<span class=\"_ _0\"></span>elations de couverture suivantes\ue61e:\u2022une <span class=\"_\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>de <span class=\"_\"> </span>juste <span class=\"_\"> </span>valeur, <span class=\"_ _44\"> </span>permettant <span class=\"_\"> </span>de <span class=\"_\"> </span>couvrir <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>risque <span class=\"_\"> </span>de variation de juste valeur de tout \u00e9l\u00e9ment d\u2019<span class=\"_ _1\"></span>actif ou <span class=\"_ _3\"></span>de passif\ue61e;\u2022une <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _37\"></span>futurs <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _3b\"></span>permettant <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>le risque <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>flux <span class=\"_ _44\"> </span>futurs <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>rattach\u00e9s <span class=\"_ _37\"></span>\u00e0 des actifs ou passifs futurs\ue61e;\u2022une couverture des investissements nets<span class=\"_ _3\"></span> dans des activit\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tranger<span class=\"_ _1\"></span>, permettant <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>int\u00e9r\u00eats <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>actifs <span class=\"_ _37\"> </span>nets <span class=\"_ _44\"> </span>de ces activit\u00e9s.Les <span class=\"_ _65\"> </span>instruments <span class=\"_ _65\"> </span>d\u00e9riv\u00e9s <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>comptabilis\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>principes <span class=\"_ _65\"> </span>de comptabilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>d\u00e8s <span class=\"_\"> </span>lors <span class=\"_\"> </span>que\ue61eles <span class=\"_\"> </span>conditions <span class=\"_\"> </span>suivantes <span class=\"_\"> </span>sont remplies\ue61e:\u2022\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>mise <span class=\"_ _60\"> </span>en <span class=\"_ _61\"> </span>place, <span class=\"_ _60\"> </span>il <span class=\"_ _61\"> </span>existe <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>d\u00e9signation <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une documentation formalis\u00e9es d\u00e9crivant la relation de couvertur<span class=\"_ _0\"></span>e\ue61e;\u2022le Groupe s\u2019<span class=\"_ _0\"></span>attend \u00e0 ce que la couverture soit hautement efficace\ue61e;\u2022son <span class=\"_ _37\"></span>efficacit\u00e9 <span class=\"_ _37\"></span>peut <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>fa\u00e7on <span class=\"_ _37\"> </span>fiable <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>est d\u00e9termin\u00e9e comme hautement efficace durant toute sa dur\u00e9e<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>application <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>comptabilit\u00e9 <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>cons\u00e9quences suivantes\ue61e:\u2022pour <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>existants, <span class=\"_ _3b\"></span>la partie <span class=\"_ _3\"></span>couverte <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>\u00e9valu\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur<span class=\"_ _1\"></span>. La <span class=\"_ _44\"> </span>variation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>enregistr\u00e9e <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contrepartie <span class=\"_ _37\"> </span>du compte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>r\u00e9sultat, <span class=\"_ _66\"> </span>o\u00f9 <span class=\"_ _66\"> </span>elle <span class=\"_ _66\"> </span>est <span class=\"_ _66\"> </span>compens\u00e9e <span class=\"_ _66\"> </span>par <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>variations sym\u00e9triques <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>couverture, dans la limite de leur efficacit\u00e9\ue61e;\u2022pour les <span class=\"_ _3\"></span>couvertures de <span class=\"_ _3\"></span>flux futurs <span class=\"_ _3\"></span>de tr\u00e9sorerie, la partie <span class=\"_ _3\"></span>efficace de <span class=\"_ _3\"></span>la variation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019instrument <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>enregistr\u00e9e directement <span class=\"_ _47\"> </span>en <span class=\"_ _47\"> </span>contrep<span class=\"_ _0\"></span>artie <span class=\"_\"> </span>des <span class=\"_\"> </span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>du <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>global dans <span class=\"_ _47\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>propr<span class=\"_ _0\"></span>es <span class=\"_\"> </span>- <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>variation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>partie couverte <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_\"> </span>couvert <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>\u00e9tant <span class=\"_\"> </span>pas <span class=\"_\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>bilan <span class=\"_\"> </span>- <span class=\"_\"> </span>la variation de <span class=\"_ _3\"></span>juste valeur de <span class=\"_ _3\"></span>la part <span class=\"_ _3\"></span>inefficace est <span class=\"_ _3\"></span>comptabilis\u00e9e quant <span class=\"_ _3\"></span>\u00e0 elle <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>r\u00e9sultat. <span class=\"_ _44\"> </span>Les <span class=\"_ _37\"></span>montants <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"></span>global <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>les capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>repris <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>compte <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>les transactions <span class=\"_ _60\"> </span>couvertes <span class=\"_ _60\"> </span>impactent <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat. <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>d\u00e9lai moyen <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>g\u00e9n\u00e9ralement <span class=\"_\"> </span>inf\u00e9rieur <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>6 <span class=\"_ _46\"> </span>mois <span class=\"_ _61\"> </span>sauf <span class=\"_\"> </span>pour <span class=\"_\"> </span>l\u2019activit\u00e9 <span class=\"_\"> </span>de licences.8.3.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>P<span class=\"_ _0\"></span>ortefeuille des instruments financiers d\u00e9riv\u00e9sAu 31\ue61ed\u00e9cembre 2022 et au 31\ue61ed\u00e9cembre 2021, la juste v<span class=\"_ _0\"></span>aleur du portefeuille d\u2019instruments d\u00e9riv\u00e9s se d\u00e9compose comme suit\ue61e:2022<span class=\"_ _18\"> </span><span class=\"ffa8d fc1\">2021</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Actifs<span class=\"_ _d1\"> </span>Passifs<span class=\"_ _193\"> </span><span class=\"ffa8d fc1\">Actifs<span class=\"_ _aa\"> </span>P<span class=\"_ _0\"></span>assifs</span>Couvertures de change<span class=\"_ _293\"> </span>2<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>1<span class=\"_ _268\"> </span>(2)Couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat<span class=\"_ _213\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR DES INSTRUMENTS D\u00c9RIV\u00c9S<span class=\"_ _28f\"> </span>2<span class=\"_ _1a1\"> </span>-<span class=\"_ _1a1\"> </span>1<span class=\"_ _1cf\"> </span>(<span class=\"_ _3\"></span>2)\ue61eCaract\u00e9ristiques de couvertures de changeLes couvertures de change au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022 s\u2019<span class=\"_ _0\"></span>analysent de la fa\u00e7on suivante\ue61e:(1)<span class=\"_ _8\"> </span>(<span class=\"_ _3\"></span>2)(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Devises<span class=\"_ _7c\"> </span><span class=\"ffa8e\">Notionnel\ue662<span class=\"_ _d1\"> </span></span>\u00c9ch\u00e9ance<span class=\"_ _bd\"> </span><span class=\"ffa8e\">Juste valeur\ue662</span>V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _2f0\"> </span>EUR/<span class=\"_ _3\"></span>GBP<span class=\"_ _5\"> </span>49<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>1V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>EUR/<span class=\"_ _3b\"></span>USD<span class=\"_ _156\"> </span>73<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>GBP/<span class=\"_ _3\"></span>USD<span class=\"_ _7e\"> </span>(<span class=\"_ _3\"></span>21)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _bb\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>CAD<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>29)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _dd\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>MXN<span class=\"_ _1d\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _1b5\"> </span></span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _110\"> </span>Autres devises<span class=\"_ _156\"> </span>10<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR<span class=\"_ _331\"> </span><span class=\"ffa8e\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8b\"> </span></span>2(1) Achats / (ventes) \u00e0 terme ne<span class=\"_ _0\"></span>ts, exprim\u00e9s en\ue61fmillions de la premi\u00e8re de<span class=\"_ _0\"></span>vise du couple.(2) V<span class=\"_ _1\"></span>aleur de march\u00e9 en\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os au 31\ue61fd\u00e9cembre 2022.Caract\u00e9ristiques des couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatLe <span class=\"ls0 ws0\">Groupe ne poss\u00e8de aucun instrument de couverture de taux d\u2019int\u00e9r\u00eat <span class=\"_ _0\"></span>au 31\ue61fd\u00e9cembre 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>ayant <span class=\"_ _3\"></span>contract\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>variable <span class=\"_ _3b\"></span>(EURIBOR), <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9tudi\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>\u00e9tudie <span class=\"_ _3b\"></span>plusieurs <span class=\"_ _3\"></span>options <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au </span>risque de taux.Caract\u00e9ristiques des instruments non document\u00e9s en couvertureAu 31\ue61fd\u00e9cembre 2022, le Groupe ne poss\u00e8de pas d\u2019instruments non document\u00e9s en <span class=\"_ _0\"></span>couverture \u00e0 la cl\u00f4ture.8.3.2<span class=\"_ _4d\"> </span>Incidence des instruments financiers d\u00e9riv\u00e9s sur la performance du Gr<span class=\"_ _0\"></span>oupeComme <span class=\"_ _3\"></span>indiqu\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>8.5.3.2, du <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie Groupe <span class=\"_ _3\"></span>consistant, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>souscrire <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>de tr\u00e8s court terme, qu\u2019<span class=\"_ _0\"></span>elle renouvelle en fonction <span class=\"_ _3\"></span>de son exposition globale <span class=\"_ _3\"></span>suivie quotidiennement, les caract\u00e9ristiques du <span class=\"_ _3\"></span>portefeuille d\u2019instruments d\u00e9riv\u00e9s \u00e0 la date de cl\u00f4ture ne sont pas repr<span class=\"_ _0\"></span>\u00e9sentatives de leur incidence ni sur l\u2019<span class=\"_ _0\"></span>exercice, ni sur les ex<span class=\"_ _0\"></span>ercices futurs.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ffa95\">\u2011</span>apr\u00e8s pr\u00e9sente l\u2019incidence des instruments d\u00e9riv\u00e9s sur la performance de l\u2019<span class=\"_ _1\"></span>exercice 2022.</span>Couvertures de changeIncidence des parts Incidence des parts (1)<span class=\"_ _106\"> </span>(2)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)e\ue759caces\ue662ine\ue759caces\ue662Marge brute<span class=\"_ _2e4\"> </span>16<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats re\u00e7us<span class=\"_ _1d7\"> </span>-<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Gain (perte) de change<span class=\"_ _23d\"> </span>-<span class=\"_ _b7\"> </span>2Charges \ue75cnanci\u00e8res nettes<span class=\"_ _208\"> </span><span class=\"ffa96\">-<span class=\"_ _c\"> </span>(1)</span>R\u00e9sultat des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _29a\"> </span>1<span class=\"_ _19\"> </span>-R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T NET<span class=\"_ _332\"> </span>17<span class=\"_ _c\"> </span>(1)Gains / (pertes) avant imp\u00f4ts r\u00e9sultant de l\u2019<span class=\"_ _1\"></span>\u00e9valuation \u00e0 la juste valeur des instruments de couverture de \ufb02ux (4)<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">-</span>de tr\u00e9sorerieAUTRES \u00c9L\u00c9MENTS D<span class=\"_ _0\"></span>U R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T GLOBAL<span class=\"_ _2a7\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _f5\"> </span></span>-(1) Selon le principe de sym\u00e9trie, les p<span class=\"_ _0\"></span>arts e\ue61fcaces des couvertures sont enregistr\u00e9es dans le m\u00eame <span class=\"_ _0\"></span>agr\u00e9gat du compte de r\u00e9sultat que les <span class=\"ls5e ws5e\">e\ue61eets </span>des \u00e9l\u00e9ments couverts.(2) <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>parts <span class=\"_ _3\"></span>ine\ue61fcaces <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>proviennent <span class=\"_ _3\"></span>essentiellement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>(report/d\u00e9port) <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>terme <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>des <span class=\"_ _3b\"></span><span class=\"ls5e ws5e\">swaps<span class=\"_ _3b\"></span></span> de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>Groupe exclut des relations de couverture<span class=\"_ _0\"></span>, <span class=\"ls5e ws5e\">et<span class=\"_ _3\"></span> </span>du r\u00e9sultat de change sur les <span class=\"_ _3\"></span>r\u00e9ductions de surcouvertures<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les points de terme li\u00e9s aux instruments en <span class=\"_ _3\"></span>couverture de l\u2019<span class=\"_ _0\"></span>exposition financi\u00e8re sont pr\u00e9sent\u00e9s en <span class=\"_ _3\"></span>\u00ab\ue61cCharges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3\"></span>nettes\ue61c\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>points <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>li\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>commerciale\ue61cainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9ductions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de change\ue61csont pr\u00e9sent<span class=\"_ _0\"></span>\u00e9s sur la ligne \u00ab\ue61cGain (perte) de change\ue61c\u00bb.8<span class=\"_ _3\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">\u00c9v<span class=\"_ _0\"></span>aluation \u00e0 la juste valeur</span>8.4.<span class=\"_ _1\"></span>1<span class=\"_ _bd\"> </span>Classification et \u00e9valuation \u00e0 la juste valeurActifs financiers (hors instruments d\u00e9riv\u00e9s)La <span class=\"_ _3\"></span>Direction <span class=\"_ _3\"></span>d\u00e9termine <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>classement <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>regard <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>mod\u00e8le <span class=\"_ _44\"></span>\u00e9conomique <span class=\"_ _44\"></span>du <span class=\"_ _44\"> </span>Groupe pour la gestion des actifs financiers, ainsi que des caract\u00e9ristiques des \ufb02ux de tr\u00e9sorerie contr<span class=\"_ _0\"></span>actuels de l\u2019actif<span class=\"_ _1\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>choisi <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>classement <span class=\"_ _3b\"></span>de </span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>au co\u00fbt <span class=\"_ _3\"></span>amorti, <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers \u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>compte <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _44\"> </span>ou <span class=\"_ _47\"> </span>par <span class=\"_ _44\"></span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>du r\u00e9sultat global.Actifs <span class=\"ffa9f\">\ue75cnanciers au </span>co\u00fbt <span class=\"ffa9f\">amorti</span>Cette <span class=\"_ _3\"></span>cat\u00e9gorie <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>retenue <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objectif est <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>en <span class=\"_ _60\"> </span>percevoir <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _60\"> </span>contractuels, <span class=\"_ _61\"> </span>correspondant uniquement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>remboursements <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>principal <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _44\"></span>aux int\u00e9r\u00eats sur le principal.Ces <span class=\"_ _44\"></span>actifs <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>initialement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>des co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3\"></span>\u00e9ventuels. <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>ensuite <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti en utilisant la m\u00e9thode du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>constat\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3b\"></span>de </span>cr\u00e9dit attendues \u00e0 12 <span class=\"_ _3\"></span>mois, \u00e0 moins que le risque <span class=\"_ _3\"></span>de cr\u00e9dit n\u2019<span class=\"_ _0\"></span>ait augment\u00e9 de <span class=\"_\"> </span>fa\u00e7on <span class=\"_ _47\"> </span>significative <span class=\"_ _47\"> </span>depuis <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_\"> </span>initiale, <span class=\"_\"> </span>auquel <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>la d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>attendues <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>contrats clients, le <span class=\"_ _3\"></span>Groupe applique <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation simplifi\u00e9e <span class=\"_ _3\"></span>(voir note 5.<span class=\"_ _0\"></span>1.3.).Actifs <span class=\"_ _37\"> </span><span class=\"ffa9f\">\ue75cnanciers <span class=\"_ _37\"> </span></span>\u00e0 <span class=\"_ _44\"> </span><span class=\"ffa9f\">la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _37\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>par </span>autres \u00e9l\u00e9ments du r\u00e9sultat globalCette <span class=\"_ _60\"> </span>cat\u00e9gorie <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>retenue <span class=\"_ _60\"> </span>d\u00e8s <span class=\"_ _64\"> </span>lors <span class=\"_ _64\"> </span>que <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _60\"> </span>financier <span class=\"_ _64\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _64\"> </span>pas comptabilis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>variations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>enregistr\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _3\"></span>de r\u00e9sultat, au sein des <span class=\"_ _3\"></span>\u00ab\ue61dAutres produits (charges) financiers nets\ue61d\u00bb, <span class=\"_ _3\"></span>ou dans le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>titres <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>participations <span class=\"_ _3b\"></span>non <span class=\"_ _3\"></span>d\u00e9tenues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>fins <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>transaction et <span class=\"_\"> </span>sur <span class=\"_\"> </span>option <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>et <span class=\"_\"> </span>irr\u00e9versible<span class=\"_ _0\"></span>, <span class=\"_\"> </span>dans <span class=\"_\"> </span>une <span class=\"_\"> </span>ligne <span class=\"_ _47\"> </span>d\u00e9di\u00e9e <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>autr<span class=\"_ _0\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.Un <span class=\"_ _37\"></span><span class=\"ls0 ws0\">actif <span class=\"_ _44\"></span>financier <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>d\u00e9comptabilis\u00e9 <span class=\"_ _44\"></span>lorsque <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>droits <span class=\"_ _37\"></span>contractuels <span class=\"_ _37\"></span>sur </span>les <span class=\"_ _61\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>li\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>celui<span class=\"ffaa0\">\u2011</span>ci <span class=\"_ _61\"> </span>arrivent <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>expiration <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 transf\u00e9r\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quasi<span class=\"ffaa0\">\u2011</span>totalit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _3\"></span>inh\u00e9rents <span class=\"_ _3\"></span>\u00e0 la propri\u00e9t\u00e9 de l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>assifs financiers (hors instruments d\u00e9rives)Les <span class=\"_ _61\"> </span>emprunts <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>initialement <span class=\"_ _61\"> </span>comptabilis\u00e9s <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>juste <span class=\"_ _61\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>puis \u00e9valu\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>co\u00fbt <span class=\"_ _61\"> </span>amorti, <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>utilisant <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>oute <span class=\"_ _3b\"></span>di\ue61c\u00e9rence <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>(i) <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>nets <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts de <span class=\"_ _61\"> </span>transaction <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>(ii) <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>remboursement, est <span class=\"_ _61\"> </span>constat\u00e9e <span class=\"_ _46\"> </span>en r\u00e9sultat <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>emprunts, <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _3b\"></span>du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>emprunts <span class=\"_ _61\"> </span>sont <span class=\"_\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>passifs <span class=\"_\"> </span>courants, <span class=\"_\"> </span>sauf <span class=\"_ _61\"> </span>si <span class=\"_\"> </span>le Groupe <span class=\"_ _3\"></span>d\u00e9tient <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>droit <span class=\"_ _3\"></span>inconditionnel <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>du passif <span class=\"_ _3\"></span>au<span class=\"ffaa0\">\u2011</span>del\u00e0 <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>p\u00e9riode <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>12 <span class=\"_ _3\"></span>mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>auquel cas ils sont pr\u00e9sent\u00e9s au sein des passifs non courants<span class=\"_ _0\"></span>.Instruments d\u00e9riv<span class=\"_ _0\"></span>\u00e9sLes instruments d\u00e9riv\u00e9s sont comptabilis\u00e9s \u00e0 <span class=\"_ _3\"></span>la juste valeur<span class=\"_ _0\"></span>. Les variations de <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9es <span class=\"_ _60\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_ _61\"> </span>et/ou <span class=\"_ _61\"> </span>en capitaux <span class=\"_ _3\"></span>propres au <span class=\"_ _3\"></span>sein <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>global, <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>les principes expos\u00e9s dans la note 8.3.Conform\u00e9ment <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>IFRS\ue61d13 <span class=\"_ _46\"> </span>- <span class=\"_ _46\"> </span>\u00c9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste <span class=\"_ _46\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _46\"> </span>trois <span class=\"_\"> </span>niveaux d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>ont <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>identifi\u00e9s <span class=\"_ _47\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>passifs financiers\ue61d:\u2022niveau <span class=\"_ _61\"> </span>1\ue61d: <span class=\"_ _61\"> </span>prix <span class=\"_ _61\"> </span>cot\u00e9s <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>un <span class=\"_ _61\"> </span>march\u00e9 <span class=\"_ _61\"> </span>actif <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>passifs identiques auxquels l\u2019<span class=\"_ _0\"></span>entit\u00e9 peut acc\u00e9der \u00e0 la date d\u2019<span class=\"_ _0\"></span>\u00e9valuation\ue61d;\u2022niveau <span class=\"_ _44\"> </span>2\ue61d: <span class=\"_ _44\"> </span>mod\u00e8les <span class=\"_ _44\"> </span>internes <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>param\u00e8tres <span class=\"_ _44\"></span>observables <span class=\"_ _44\"> </span>incluant l\u2019utilisation <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>transactions <span class=\"_ _64\"> </span>r\u00e9centes <span class=\"_ _64\"> </span>(si <span class=\"_ _65\"> </span>disponible), <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9f\u00e9rence <span class=\"_ _65\"> </span>\u00e0d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _44\"> </span>instruments <span class=\"_ _44\"> </span>essentiellement <span class=\"_\"> </span>similair<span class=\"_ _0\"></span>es, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>analyses <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span><span class=\"ffaa2\">cash </span>fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span><span class=\"ffa9d ls0 ws0\"> actualis\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>mod\u00e8les <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>possible <span class=\"_ _3\"></span>des </span>donn\u00e9es <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>mar<span class=\"_ _0\"></span>ch\u00e9 <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>moins <span class=\"_ _65\"> </span>possible <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>donn\u00e9es <span class=\"_ _65\"> </span>internes <span class=\"_ _64\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>entreprise\ue61d;\u2022niveau 3\ue61d: mod\u00e8les internes avec des param\u00e8tr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>non observables<span class=\"_ _0\"></span>.\ue61dLe <span class=\"ls0 ws0\">tableau ci<span class=\"ffaa8\">\u2011</span>apr\u00e8s pr\u00e9sente la ventilation des actifs et passifs financiers<span class=\"_ _0\"></span>, en fonction de leur cat\u00e9gorie comptable :</span>\u00c9valuation par cat\u00e9gorie d\u2019<span class=\"_ _1\"></span>actif et de passif au 31\ue662d\u00e9cembre 2022Juste valeur Juste valeur Instruments 31\ue662d\u00e9cembre par compte de par capitaux d\u00e9riv\u00e9s (voir Estimation \u00e0\ue662(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022Co\u00fbt amortir\u00e9sultatpropresnote 8.3)la juste valeurParticipations non consolid\u00e9es<span class=\"_ _333\"> </span><span class=\"ffaab\">21<span class=\"_ _17e\"> </span></span>-<span class=\"_ _178\"> </span><span class=\"ffaab\">21<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _d\"> </span><span class=\"ffaab\">Niveau\ue6621/<span class=\"_ _3\"></span>Niveau 3</span>T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _1f4\"> </span>15<span class=\"_ _9\"> </span>6<span class=\"_ _9\"> </span>9<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _71\"> </span>Niveau\ue61e1<span class=\"_ _0\"></span>/<span class=\"_ _3b\"></span>Niveau 2Pr\u00eats et autres<span class=\"_ _205\"> </span>1<span class=\"_ _184\"> </span>1<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Cr\u00e9ances li\u00e9s aux actifs de sous<span class=\"ffaa8\">\u2011</span>location<span class=\"_ _dc\"> </span>1<span class=\"_ _17e\"> </span>1<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres actifs \ue75cnanciers non courants<span class=\"_ _334\"> </span><span class=\"ffaac\">18<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span></span>\ue662T<span class=\"_ _23\"></span>otal actif \ue75cnancier non courant<span class=\"_ _171\"> </span><span class=\"ffaac\">39<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _22d\"> </span>25<span class=\"_ _17e\"> </span>-<span class=\"_ _97\"> </span>25<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>N<span class=\"_ _0\"></span>iveau 1Autres actifs financiers courants<span class=\"_ _15\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span>\ue61eInstruments financiers d\u00e9riv\u00e9s<span class=\"_ _50\"> </span>2<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7e\"> </span>2<span class=\"_ _16a\"> </span>Niveau 2Autres actifs \ue75cnanciers courants<span class=\"_ _335\"> </span>27<span class=\"_ _17e\"> </span><span class=\"ffaac\">-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span></span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _336\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _184\"> </span></span>-<span class=\"_ _1a4\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _337\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _184\"> </span></span>-<span class=\"_ _97\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents de tr\u00e9sorerie<span class=\"_ _f0\"> </span><span class=\"ffaab\">167<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ffaab\">\ue662</span>T<span class=\"_ _23\"></span>otal actif \ue75cnancier courant<span class=\"_ _18\"> </span><span class=\"ffaac\">194<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662(1)Emprunts non courants\ue61e<span class=\"_ _221\"> </span>(363)<span class=\"_ _5c\"> </span>(<span class=\"_ _3\"></span>363)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Dettes \ue75cnanci\u00e8res<span class=\"_ _110\"> </span><span class=\"ffaac\">(363)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes non courantes<span class=\"_ _204\"> </span>-<span class=\"_ _19b\"> </span><span class=\"ffaab\">\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>Dettes de loyers<span class=\"_ _338\"> </span>(44)<span class=\"_ _1e1\"> </span>(44)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffaab\">Niveau 2</span>T<span class=\"_ _23\"></span>otal passif \ue75cnancier non courant<span class=\"_ _334\"> </span>(407)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Dettes \ue75cnanci\u00e8res<span class=\"_ _dd\"> </span><span class=\"ffaac\">(1)<span class=\"_ _d5\"> </span>(1)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span></span>Niveau 2Dettes de loyers<span class=\"_ _339\"> </span><span class=\"ffaab\">(23)<span class=\"_ _1dc\"> </span>(23)<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ffaab\">Niveau 2</span>Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes \ue75cnanci\u00e8res courantes<span class=\"_ _17\"> </span><span class=\"ffaac\">-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span></span>Niveau 2T<span class=\"_ _23\"></span>otal passif \ue75cnancier courant<span class=\"_ _56\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIFS FINANCIERS<span class=\"_ _21f\"> </span>(431)<span class=\"_ _19b\"> </span><span class=\"ffaab\">\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>(1) Les emprunts sont comptabilis\u00e9s au co\u00fbt amorti. Au 31 d\u00e9cembr<span class=\"_ _0\"></span>e 2022, la juste valeur de la dette n'a pu \u00eatre estim\u00e9e de mani\u00e8r<span class=\"_ _0\"></span>e fiable par le Groupe.\u00c9valuation par cat\u00e9gorie d\u2019<span class=\"_ _1\"></span>actif et de passif au 31\ue662d\u00e9cembre 2021Au Juste valeur Juste valeur Instruments 31\ue662d\u00e9cembre par compte de par capitaux d\u00e9riv\u00e9s (voir Estimation \u00e0\ue662(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2021, netCo\u00fbt amortir\u00e9sultatpropresnote 8.3)la juste valeurParticipations non consolid\u00e9es<span class=\"_ _56\"> </span><span class=\"ffab5\">20<span class=\"_ _184\"> </span></span>-<span class=\"_ _74\"> </span><span class=\"ffab5\">20<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span>Niveau 3T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _1f4\"> </span>31<span class=\"_ _9a\"> </span>20<span class=\"_ _178\"> </span>10<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1Pr\u00eats et autres<span class=\"_ _146\"> </span>2<span class=\"_ _7e\"> </span>2<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Cr\u00e9ances li\u00e9s aux actifs de sous<span class=\"ffab7\">\u2011</span>location<span class=\"_ _92\"> </span>5<span class=\"_ _7e\"> </span>5<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres actifs \ue75cnanciers non courants<span class=\"_ _113\"> </span><span class=\"ffab6\">38<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _23\"></span>otal actif \ue75cnancier non courant<span class=\"_ _1f2\"> </span><span class=\"ffab6\">58<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _ce\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _17e\"> </span></span>3<span class=\"_ _97\"> </span>22<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7a\"> </span>Niveau 1Autres actifs financiers courants<span class=\"_ _15\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span>\ue61fInstruments financiers d\u00e9riv\u00e9s<span class=\"_ _50\"> </span>2<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7e\"> </span>2<span class=\"_ _16a\"> </span>Niveau 2Autres actifs \ue75cnanciers courants<span class=\"_ _148\"> </span>26<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _1fa\"> </span>187<span class=\"_ _184\"> </span>-<span class=\"_ _193\"> </span>187<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7a\"> </span>Niveau 1\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _2c8\"> </span>9<span class=\"_ _184\"> </span>-<span class=\"_ _9\"> </span>9<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _aa\"> </span>N<span class=\"_ _0\"></span>iveau 1T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents de tr\u00e9sorerie<span class=\"_ _106\"> </span><span class=\"ffab5\">196<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662</span>T<span class=\"_ _23\"></span>otal actif \ue75cnancier courant<span class=\"_ _2f2\"> </span>222<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662(1)Emprunts non courants\ue61f<span class=\"_ _2\"> </span>(1\ue61f025)<span class=\"_ _18c\"> </span>(1\ue61f025)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Dettes \ue75cnanci\u00e8res<span class=\"_ _172\"> </span>(1\ue662025)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes non courantes<span class=\"_ _204\"> </span>-<span class=\"_ _19b\"> </span><span class=\"ffab5\">\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>Dettes de loyers<span class=\"_ _33a\"> </span>(145)<span class=\"_ _83\"> </span>(145)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffab5\">Niveau 2</span>T<span class=\"_ _23\"></span>otal passif \ue75cnancier non courant<span class=\"_ _f5\"> </span>(1\ue662170)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Dettes \ue75cnanci\u00e8res<span class=\"_ _33b\"> </span>(17)<span class=\"_ _aa\"> </span>(17)<span class=\"_ _17e\"> </span><span class=\"ffab6\">-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span></span>Niveau 2Dettes de loyers<span class=\"_ _338\"> </span>(48)<span class=\"_ _8a\"> </span>(48)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffab5\">Niveau 2</span>Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _1f5\"> </span>(2)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _a8\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _16a\"> </span>Niveau 2Autres dettes \ue75cnanci\u00e8res courantes<span class=\"_ _100\"> </span><span class=\"ffab6\">(<span class=\"_ _3\"></span>3)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _193\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _c2\"> </span></span>Niveau 2T<span class=\"_ _23\"></span>otal passif \ue75cnancier courant<span class=\"_ _33c\"> </span><span class=\"ls70 ws70\">(<span class=\"_ _3\"></span>70)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIFS FINANCIERS<span class=\"_ _eb\"> </span><span class=\"ffab5\">(1\ue662240)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>(1) Les emprunts sont comptabilis\u00e9s au co\u00fbt amorti. Au 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2021, la juste valeur du Nouveau F<span class=\"_ _0\"></span>inancement <span class=\"ls5e ws5e\">et </span>de la Dette R\u00e9am\u00e9nag\u00e9e \u00e9<span class=\"_ _0\"></span>tait de 1\ue61f105\ue61fmillions d\u2019euros<span class=\"_ _0\"></span>.\ue61fUne <span class=\"_ _3b\"></span>partie <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>nantissement <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>filiales <span class=\"_ _37\"></span>am\u00e9ricaines <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>class\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>actif <span class=\"_ _3b\"></span>courant <span class=\"_ _37\"></span>compte <span class=\"_ _3b\"></span>tenu <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>son <span class=\"_ _3b\"></span>\u00e9ch\u00e9ance <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>court <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>bien <span class=\"_ _3b\"></span>que celle<span class=\"ffab7\">\u2011</span>ci soit renouvel\u00e9e automatiquement pour une p\u00e9riode de 12 mois<span class=\"_ _0\"></span>.8.5<span class=\"_ _6a\"> </span>Gestion des risques financiers8.5.<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span>Risque de march\u00e9V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>expos\u00e9 <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>financiers, <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>principalement <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"></span>\ufb02uctuations <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>cours <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>taux d\u2019int\u00e9r\u00eat, le risque de liquidit\u00e9 et le risque de cr\u00e9dit.Les <span class=\"_ _3b\"></span>risques <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>g\u00e9r\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>mani\u00e8re <span class=\"_ _37\"></span>centrale <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>son service <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>Groupe <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>F<span class=\"_ _0\"></span>rance <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>son <span class=\"_ _60\"> </span>service <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie r\u00e9gional <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>Ontario <span class=\"_ _60\"> </span>(Californie <span class=\"_ _60\"> </span>\u2013 <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffabe\">\u2011</span>Unis), <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>conformit\u00e9 <span class=\"_ _64\"> </span>avec <span class=\"_ _60\"> </span>les politiques et les proc\u00e9dures du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _60\"> </span>risques <span class=\"_ _60\"> </span>financiers <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>march\u00e9 <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>suivis <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>permanence <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>sont pr\u00e9sent\u00e9s <span class=\"_ _1a\"> </span>r\u00e9guli\u00e8rement <span class=\"_ _1a\"> </span>au <span class=\"_ _b\"> </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _b\"> </span>financier<span class=\"_ _1\"></span>, <span class=\"_ _b\"> </span>au <span class=\"_ _1a\"> </span>Comit\u00e9 d\u2019Investissement <span class=\"_\"> </span>et <span class=\"_\"> </span>au <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _f\"></span>Audit <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>l\u2019interm\u00e9diaire <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>di\ue61d\u00e9rents rapports <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"> </span>r\u00e9sument <span class=\"_\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>aux <span class=\"_\"> </span>di\ue61d\u00e9rents <span class=\"_ _47\"> </span>risques ainsi que le d\u00e9tail des op\u00e9rations mises en place pour r\u00e9duir<span class=\"_ _0\"></span>e ces risques.La <span class=\"_\"> </span>gestion <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>risques <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9troitement <span class=\"_ _47\"> </span>encadr\u00e9e <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>limites <span class=\"_\"> </span>et <span class=\"_\"> </span>des autorisations, <span class=\"_\"> </span>approuv\u00e9es <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>d\u2019Inv<span class=\"_ _0\"></span>estissement <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>chaque type de transaction, et contr\u00f4l\u00e9es par le d\u00e9partement de contr<span class=\"_ _0\"></span>\u00f4le interne.8.5.2<span class=\"_ _10d\"> </span>Risque de taux d\u2019int\u00e9r\u00eat8.5.2.<span class=\"_ _0\"></span>1<span class=\"_ _18b\"> </span>Exposition au risque de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition du Groupe au risque de taux d\u2019int\u00e9r\u00eat provient princip<span class=\"_ _0\"></span>alement des dettes financi\u00e8res externes et des d\u00e9p\u00f4ts.Au <span class=\"_ _3\"></span>31\ue61cd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>part <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>dettes <span class=\"_ _3\"></span>financi\u00e8res <span class=\"_ _3b\"></span>externes <span class=\"_ _3\"></span>soumise <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eat <span class=\"_ _3\"></span>variable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>tableau <span class=\"_ _3\"></span>ci<span class=\"ffabe\">\u2011</span>dessous. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>ne poss\u00e8de aucune op\u00e9ration de couverture de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat.(en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)2022Dettes financi\u00e8res v<span class=\"_ _0\"></span>aleur nominale (hors locations op\u00e9rationnelles)<span class=\"_ _14a\"> </span>382Part \u00e0 taux v<span class=\"_ _0\"></span>ariable<span class=\"_ _33d\"> </span>98\ue61c%\ue61cEn <span class=\"ls0 ws0\">2022, l\u2019<span class=\"_ _0\"></span>en<span class=\"ffabe\">\u2011</span>cours des d\u00e9p\u00f4ts du Groupe est enti\u00e8rement r\u00e9mun\u00e9r\u00e9 \u00e0 taux variable<span class=\"_ _0\"></span>.</span>8.5.2.2<span class=\"_ _4f\"> </span>Gestion du risque de taux d\u2019int\u00e9r\u00eatAu <span class=\"_ _64\"> </span>31\ue61cd\u00e9cembre <span class=\"_ _64\"> </span>2022, <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>poss\u00e8de <span class=\"_ _64\"> </span>aucune <span class=\"_ _64\"> </span>op\u00e9ration <span class=\"_ _64\"> </span>de couverture de taux d\u2019int\u00e9r\u00eat.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">septembre\ue61c2022, <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>Groupe <span class=\"_ _60\"> </span>a <span class=\"_ _60\"> </span>refinanc\u00e9 <span class=\"_ _60\"> </span>sa <span class=\"_ _64\"> </span>dette <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>contract\u00e9 <span class=\"_ _60\"> </span>de </span>nouveaux emprunts en E<span class=\"_ _0\"></span>uros \u00e0 taux variable.Les <span class=\"_ _37\"></span>march\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8rement <span class=\"_ _37\"></span>volatiles <span class=\"_ _44\"> </span>lors <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>deuxi\u00e8me semestre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>d\u00e9but <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>2023. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>principales <span class=\"_ _3b\"></span>banques <span class=\"_ _3b\"></span>centrales <span class=\"_ _3b\"></span>(laBCE <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>FED<span class=\"_ _0\"></span>) <span class=\"_ _61\"> </span>surveillent <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>taux <span class=\"_ _46\"> </span>d\u2019in\ufb02ation <span class=\"_ _61\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>consid\u00e9rablement augment\u00e9 en 2022 <span class=\"_ _3\"></span>et ont r\u00e9agi en <span class=\"_ _3\"></span>utilisant l\u2019instrument mon\u00e9taire classique de hausse des taux directeurs<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>suit <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>pr\u00e8s <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>courbes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>leur <span class=\"_ _3b\"></span>impact </span>sur <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span><span class=\"ffac0\">cash <span class=\"_ _46\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _61\"> </span></span></span> futurs <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Des <span class=\"_ _61\"> </span>options <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>couvertures <span class=\"_ _61\"> </span>sont r\u00e9guli\u00e8rement <span class=\"_ _3\"></span>discut\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>pourrait <span class=\"_ _3b\"></span>contracter <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3\"></span>de taux d\u2019int\u00e9r\u00eat.8.5.2.3<span class=\"_ _4f\"> </span>Sensibilit\u00e9 au risque de taux d\u2019int\u00e9r\u00eatLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>100 <span class=\"_ _3b\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>raisonnablement <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e. <span class=\"_ _3b\"></span></span>Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">tableau <span class=\"_ _3b\"></span>ci<span class=\"ffabe\">\u2011</span>dessous <span class=\"_ _37\"></span>permet </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier l\u2019impact d\u2019une telle variation.Impact maximum sur un an sur l\u2019<span class=\"_ _0\"></span>exposition nette au 31\ue662d\u00e9cembre 2022 d\u2019une variation par r<span class=\"_ _0\"></span>apport aux taux actuels\ue662*Impact sur les Impact sur capitaux (en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)int\u00e9r\u00eats\ue662netspropres avant imp\u00f4tsImpact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de +\ue61c1\ue61c%<span class=\"_ _2b2\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _129\"> </span>(4<span class=\"_ _3\"></span>)</span>Impact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de -\ue61c1\ue61c%<span class=\"_ _283\"> </span>4<span class=\"_ _b7\"> </span>4* <span class=\"ls63 ws63\">Le </span>calcul d\u2019impact prend en compte le dernier taux EURIBOR 3M utilis\u00e9 pour la 1L <span class=\"ls5e ws5e\">et </span>2L \u00e0 2,046\ue61e%.<span class=\"_ _30d\"> </span>\ue61e<span class=\"_ _eb\"> </span>\ue61e\ue61c8.5.3Risque de change8.5.3.<span class=\"_ _1\"></span>1Risque de conversionLes <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sont <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _65\"> </span>en\ue61ceuros. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>conversion <span class=\"_ _37\"></span>d\u00e9coule <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ce <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actifs, <span class=\"_ _3b\"></span>passifs, produits et <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>monnaie <span class=\"_ _3\"></span>fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di\ue61d\u00e9rente de <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>convertis <span class=\"_ _3b\"></span>en\ue61ceuros <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>applicable, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>\u00eatre inclus dans les comptes consolid\u00e9s du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariations <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>euro <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>investissements <span class=\"_ _47\"> </span>dans <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>filiales \u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>enr<span class=\"_ _0\"></span>egistr\u00e9es <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>poste <span class=\"_ _44\"> </span>\u00ab\ue61cE<span class=\"_ _0\"></span>carts <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion\ue61c\u00bb <span class=\"_\"> </span>des capitaux propres consolid\u00e9s<span class=\"_ _0\"></span>.La politique du Groupe est de ne pas couvrir le risque de conversion.Le <span class=\"ls0 ws0\">risque <span class=\"_ _3\"></span>de conversion <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie en <span class=\"_ _3\"></span>e\ue61dectuant des <span class=\"_ _3\"></span>analyses de sensibilit\u00e9 </span>sur les expositions <span class=\"_ _3\"></span>principales dans les filiales dont <span class=\"_ _3\"></span>la monnaie fonctionnelle est di\ue61d\u00e9rente de l\u2019<span class=\"_ _0\"></span>euro (voir ci<span class=\"ffabe\">\u2011</span>apr\u00e8s).8.5.3.2Risque de transaction - Op\u00e9rationnelL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>transactionnel <span class=\"_ _3\"></span>provient <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>achats <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des ventes <span class=\"_ _3b\"></span>r\u00e9alis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>filiales <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>monnaies <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>leur monnaie fonctionnelle.Le <span class=\"_ _64\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>transaction <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>plus <span class=\"_ _64\"> </span>important <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>son </span>exposition <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>dollar <span class=\"_ _3b\"></span>US <span class=\"_ _3b\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro. <span class=\"_ _3\"></span>Apr\u00e8s <span class=\"_ _3\"></span>avoir <span class=\"_ _3b\"></span>compens\u00e9 <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>achats <span class=\"_ _3b\"></span>en dollar <span class=\"_\"> </span>US <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ventes <span class=\"_\"> </span>en <span class=\"_\"> </span>dollar <span class=\"_ _44\"> </span>US, <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_\"> </span>nette <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>dollar <span class=\"_\"> </span>US contre <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>poursuivies <span class=\"_ _65\"> </span>\u00e9tait <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>position <span class=\"_ _65\"> </span>nette acheteuse <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>89\ue61cmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3b\"></span>US <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>(position <span class=\"_ _3b\"></span>nette <span class=\"_ _3b\"></span>acheteuse de 136\ue61cmillions de dollars US en 2021).La politique du Groupe consiste \u00e0\ue61f:\u2022demander <span class=\"_ _3\"></span>aux filiales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9aliser leurs <span class=\"_ _3\"></span>achats <span class=\"_ _3\"></span>autant que <span class=\"_ _3\"></span>possible <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>la devise de facturation des ventes\ue61f;\u2022demander <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>filiales <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>remonter <span class=\"_ _64\"> </span>r\u00e9guli\u00e8r<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>expositions pr\u00e9visionnelles <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>risque <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>change <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_ _65\"> </span>Groupe, <span class=\"_ _65\"> </span>qui consolide <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>expositions <span class=\"_ _60\"> </span>des <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>chaque <span class=\"_ _60\"> </span>devise. <span class=\"_ _61\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _61\"> </span></span>risque r\u00e9siduel <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>plus <span class=\"_ _3b\"></span>souvent <span class=\"_ _3\"></span>couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques en utilisant des contrats de change \u00e0 terme<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>produits <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>cycle <span class=\"_ _3\"></span>court <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>repr\u00e9sentent <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majeure <span class=\"_ _3\"></span>partie de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exposition, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>met <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>place <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>un horizon jusqu\u2019<span class=\"_ _0\"></span>\u00e0 6 mois. P<span class=\"_ _0\"></span>our les produits et ser<span class=\"_ _3\"></span>vices avec un cycle plus long, des couvertures peuvent \u00eatr<span class=\"_ _0\"></span>e mises en place sur un horizon sup\u00e9rieur<span class=\"_ _0\"></span>.Quel <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>l\u2019horizon <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe est <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>souscrire <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>instruments <span class=\"_ _44\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>\u00e8s <span class=\"_\"> </span>court <span class=\"_\"> </span>terme <span class=\"_ _44\"> </span>(quelques jours <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois), <span class=\"_ _44\"> </span>qu\u2019elle <span class=\"_ _37\"></span>renouvelle <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>son <span class=\"_ _37\"></span>exposition globale de <span class=\"_ _3\"></span>change suivie quotidiennement. <span class=\"_ _3\"></span>Les d\u00e9riv\u00e9s utilis\u00e9s <span class=\"_ _3\"></span>se limitent <span class=\"_ _3\"></span>\u00e0 des instruments usuels d\u00e9crits dans la note 8.3.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _46\"> </span>transactionnel <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _46\"> </span>commerciales <span class=\"_\"> </span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie <span class=\"_\"> </span>en </span>consolidant <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>expositions <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>libell\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>devise <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9alisant une analyse de sensibilit\u00e9 sur les principales expositions (voir ci<span class=\"ffac8\">\u2011</span>apr\u00e8s).8.5.3.3Risque de transaction - FinancierLa <span class=\"_ _3b\"></span>politique <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>centraliser <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>son financement <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>associ\u00e9, le <span class=\"_ _3\"></span>cas \u00e9ch\u00e9ant, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>niveau <span class=\"_ _3\"></span>de la T<span class=\"_ _23\"></span>r\u00e9sorerie Groupe.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majorit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>empruntent <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>pr\u00eatent</span>\ue61fleurs <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>tour satisfait <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>besoins <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>empruntant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>filiales <span class=\"_ _3b\"></span>qui ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>conclure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>transactions <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>en raison <span class=\"_\"> </span>de <span class=\"_\"> </span>lois <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>restrictions <span class=\"_\"> </span>locales <span class=\"_ _46\"> </span>peuvent <span class=\"_ _46\"> </span>emprunter <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investir aupr\u00e8s <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>banques <span class=\"_ _60\"> </span>locales <span class=\"_ _64\"> </span>conform\u00e9ment <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>r\u00e8gles <span class=\"_ _64\"> </span>\u00e9tablies <span class=\"_ _64\"> </span>par <span class=\"_ _64\"> </span>la T<span class=\"_ _23\"></span>r\u00e9sorerie du Groupe.La <span class=\"_ _46\"> </span>politique <span class=\"_ _61\"> </span>du <span class=\"_ _46\"> </span>Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _61\"> </span>que <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>empruntent <span class=\"_ _46\"> </span>ou investissent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>tr\u00e9sor<span class=\"_ _0\"></span>erie <span class=\"_\"> </span>dans <span class=\"_ _37\"></span>leur <span class=\"_\"> </span>monnaie <span class=\"_ _37\"></span>fonctionnelle. Afin <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9quilibrer <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>devises <span class=\"_ _64\"> </span>emprunt\u00e9es <span class=\"_ _60\"> </span>par <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>groupe V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>devises <span class=\"_ _47\"> </span>pr\u00eat\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>recourir <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de devises <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>libell\u00e9s <span class=\"_ _3\"></span>en\ue61feuros, <span class=\"_ _3\"></span>en dollars US et en livres sterling <span class=\"_ _3\"></span>qui sont pr\u00eat\u00e9s respectivement aux filiales du groupe <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffac8\">\u2011</span>Unis et <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>Angleterre <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(ii) <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>emprunts libell\u00e9s en <span class=\"_ _3\"></span>dollar US, \u00e0 l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur <span class=\"_ _3\"></span>ou aupr\u00e8s <span class=\"_ _3\"></span>des filiales du <span class=\"_ _3\"></span>Groupe en\ue61feuros. Les <span class=\"_\"> </span>points <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>terme <span class=\"_\"> </span>(report/d\u00e9port) <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>ces <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de <span class=\"_\"> </span>devises <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont comptabilis\u00e9s <span class=\"_ _44\"> </span>comme <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"></span>et <span class=\"_ _44\"> </span>charges <span class=\"_ _44\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>g\u00e9n\u00e9r\u00e9 <span class=\"_ _44\"> </span>une charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>2,5\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1,4\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros en 2021.8.5.3.<span class=\"_ _0\"></span>4Sensibilit\u00e9 au risque de changeLe <span class=\"ls0 ws0\">Groupe est principalement expos\u00e9 au dollar US contre euro<span class=\"_ _0\"></span>.</span>Le <span class=\"_ _37\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _37\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _37\"></span>dollar <span class=\"_ _37\"></span>US </span>contre euro <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>hypoth\u00e8se <span class=\"_ _3\"></span>raisonnable. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>tableau <span class=\"_ _3b\"></span>ci<span class=\"ffac8\">\u2011</span>dessous permet <span class=\"_ _44\"> </span>donc <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier <span class=\"_ _44\"> </span>l\u2019impact <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>hausse <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>10\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>dollar <span class=\"_ _44\"> </span>face <span class=\"_ _44\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>euro <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>activit\u00e9s <span class=\"_ _46\"> </span>poursuivies <span class=\"_ _46\"> </span>avant <span class=\"_ _46\"> </span>charges <span class=\"_ _46\"> </span>financi\u00e8res nettes <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>imp\u00f4ts <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _37\"></span>(\u00e9carts <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>conversion). <span class=\"_ _44\"></span>Une baisse <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>la <span class=\"_ _37\"></span>parit\u00e9 <span class=\"_ _37\"></span>aurait <span class=\"_ _44\"></span>un <span class=\"_ _37\"></span>impact <span class=\"_ _37\"></span>sym\u00e9trique <span class=\"_ _44\"> </span>avec <span class=\"_ _37\"></span>les <span class=\"_ _44\"></span>m\u00eames montants <span class=\"_ _60\"> </span>mais <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>sens <span class=\"_ _64\"> </span>oppos\u00e9. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>estimations <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>faites <span class=\"_ _60\"> </span>en supposant qu\u2019<span class=\"_ _0\"></span>aucune couverture ne serait mise en place<span class=\"_ _0\"></span>.2022 (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)<span class=\"_ _131\"> </span><span class=\"ffaca fs5b\">T<span class=\"_ _f\"></span>ransaction<span class=\"_ _a7\"> </span>Conversion<span class=\"_ _30\"> </span><span class=\"ffacb fcc\">Total</span></span>(1)R\u00e9sultat avant char<span class=\"_ _0\"></span>ges financi\u00e8res et imp\u00f4t des activit\u00e9s poursuivies\ue61f<span class=\"_ _d2\"> </span>(9)<span class=\"_ _2c1\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _8f\"> </span>(12)(2)Impact sur capitaux pr<span class=\"_ _0\"></span>opres (\u00e9carts de conversion)\ue61f<span class=\"_ _275\"> </span>\ue61f<span class=\"_ _21\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _f3\"> </span>74</span>(1) Impact sur le r\u00e9sultat a<span class=\"_ _0\"></span>vant charges financi\u00e8res <span class=\"ls5e ws5e\">et </span>imp\u00f4t des activit\u00e9s poursuivies\ue61e:\u2014le risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transaction sur <span class=\"_ _3\"></span>le\ue61er\u00e9sultat <span class=\"_ _3\"></span>avant charges financi\u00e8res <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>imp\u00f4t des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies\ue61eest calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% sur <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US contre l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US (ventes <span class=\"_ _3\"></span>moins <span class=\"_ _3\"></span>achats) de <span class=\"_ _3\"></span>toutes <span class=\"_ _3\"></span>les filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>devise fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et </span>sur <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>de toutes <span class=\"_ _3\"></span>les filiales dont la devise fonctionnelle est le dollar US\ue61e;\u2014le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conversion <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>profits <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>devise fonc<span class=\"_ _3\"></span>tionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>le dollar <span class=\"ls63 ws63\">US.</span>(2) <span class=\"_ _3\"></span>Impact <span class=\"_ _3\"></span>sur les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres\ue61e: l\u2019impac<span class=\"_ _3\"></span>t sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres est <span class=\"_ _3\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant une <span class=\"_ _3\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les investissements nets dans les filiales \u00e9trang\u00e8r<span class=\"_ _0\"></span>es dont la devise fonctionnelle est le dollar <span class=\"ls63 ws63\">US.</span>8.<span class=\"_ _3\"></span>5.4<span class=\"_ _4d\"> </span><span class=\"ls0 ws0\">Gestion du risque de cr\u00e9dit</span>Le <span class=\"ls0 ws0\">risque de cr\u00e9dit r\u00e9sulte de la possibilit\u00e9 que les contreparties ne puissent </span>pas remplir leurs obligations financi\u00e8res env<span class=\"_ _0\"></span>ers V<span class=\"_ _1\"></span>antiva.\u2022le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>g\u00e9r\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>chaque <span class=\"_ _3b\"></span>division op\u00e9rationnelle sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>politiques <span class=\"_ _3\"></span>prenant <span class=\"_ _3\"></span>en compte <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>qualit\u00e9 <span class=\"_ _3\"></span>du cr\u00e9dit <span class=\"_\"> </span>et <span class=\"_\"> </span>l\u2019historique <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>clients. <span class=\"_\"> </span><span class=\"ls2 ws2\">De <span class=\"_ _46\"> </span></span>temps <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>autre<span class=\"_ _0\"></span>, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>peut d\u00e9cider <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vendre <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales pour <span class=\"_ _3\"></span>g\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>sous<span class=\"ffac8\">\u2011</span>jacent. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>maximum sur <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>cr\u00e9ances <span class=\"_ _64\"> </span>clients <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>correspond <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>valeur comptable nette de ces actifs\ue61f;\u2022avec <span class=\"_ _3b\"></span>167\ue61fmillions <span class=\"_ _37\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>minimise <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>risque <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>limitant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>d\u00e9p\u00f4ts dans <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>banque <span class=\"_\"> </span>et <span class=\"_ _61\"> </span>en <span class=\"_\"> </span>privil\u00e9giant <span class=\"_ _61\"> </span>les <span class=\"_\"> </span>d\u00e9p\u00f4ts <span class=\"_ _46\"> </span>r\u00e9alis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>des \u00e9tablissements <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _65\"> </span>bonne <span class=\"_ _64\"> </span>notation, <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>en investissant <span class=\"_ _3b\"></span>occasionnellement <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>fonds <span class=\"_ _3b\"></span>mon\u00e9taires <span class=\"_ _3b\"></span>diversifi\u00e9s <span class=\"_ _3\"></span>ettr\u00e8s <span class=\"_ _3\"></span>liquides. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pos\u00e9e <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>notation <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cr\u00e9dit <span class=\"_ _46\"> </span>\u00e9lev\u00e9e, <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investie <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>fonds mon\u00e9taires diversifi\u00e9s \u00e0 notation \u00e9lev\u00e9e (<span class=\"_ _0\"></span>AAA)\ue61f;\u2022Les <span class=\"_ _3\"></span>instruments <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>g\u00e9rer <span class=\"_ _3\"></span>son risque <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>tous <span class=\"_ _44\"> </span>conclus <span class=\"_ _37\"></span>avec <span class=\"_ _44\"></span>des <span class=\"_ _37\"></span>contreparties b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _64\"> </span>notation <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>au <span class=\"_ _64\"> </span>moins <span class=\"_ _64\"> </span>\u00e9gale <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>A<span class=\"ffac8\">\u2011</span>2 <span class=\"_ _64\"> </span>selon Standard &amp; <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>oor\u2019<span class=\"_ _0\"></span>s. <span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>risque de <span class=\"_ _3\"></span>cr\u00e9dit sur <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>op\u00e9rations est att\u00e9nu\u00e9 <span class=\"_ _3\"></span>par la <span class=\"_ _37\"></span>maturit\u00e9 <span class=\"_ _37\"></span>court <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>op\u00e9rations <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>change, <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>la politique <span class=\"_ _3\"></span>de couverture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>juste <span class=\"_ _3\"></span>valeur comptable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce fait une bonne indication du risque de cr\u00e9dit maximum encouru.Les <span class=\"_ _60\"> </span>clients <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>principalement <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>grands <span class=\"_ _60\"> </span>op\u00e9rateurs <span class=\"_ _60\"> </span>de r\u00e9seaux <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>grands <span class=\"_ _3b\"></span>studios.\ue61fLe <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>augmentation significative <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>impay\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>continue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>surveiller <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> </span>m\u00eame, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _47\"> </span>ne <span class=\"_ _47\"> </span>trav<span class=\"_ _0\"></span>aille <span class=\"_\"> </span>qu\u2019<span class=\"_ _0\"></span>avec <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>contreparties <span class=\"_\"> </span>financi\u00e8res <span class=\"_ _44\"> </span>tr\u00e8s bien not\u00e9es.Actifs financiers transf\u00e9r\u00e9s non r<span class=\"_ _0\"></span>econnusLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>utiliser <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>accords <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>recouvrir <span class=\"_ _3b\"></span>certaines </span>de ses <span class=\"_ _3\"></span>cr\u00e9ances. Au 31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, le <span class=\"_ _3\"></span>Groupe n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>conclu aucun <span class=\"_ _3\"></span>accord pour lequel <span class=\"_ _3\"></span>il continue <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00eatre <span class=\"_ _3\"></span>impliqu\u00e9 au<span class=\"ffad2\">\u2011</span>del\u00e0 <span class=\"_ _3\"></span>du risque <span class=\"_ _3\"></span>commercial et <span class=\"_ _3\"></span>des repr\u00e9sentations <span class=\"_ _3\"></span>normales <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>garanties <span class=\"_ _3b\"></span>relatives <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>transfert <span class=\"_ _3b\"></span>frauduleux et <span class=\"_ _37\"></span>aux <span class=\"_ _37\"> </span>concepts <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>caract\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _44\"> </span>raisonnable<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>bonne <span class=\"_ _37\"></span>foi <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>qui <span class=\"_ _37\"> </span>pourraient invalider <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>transfert <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>action <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>justice. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>montant <span class=\"_ _3b\"></span>attribu\u00e9 au <span class=\"_ _44\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9gal <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>77\ue61emillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>associ\u00e9 <span class=\"_ _44\"> </span>est d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _6f\"> </span>2,<span class=\"_ _0\"></span>4\ue61emillions <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _6f\"> </span>et <span class=\"_ _6f\"> </span>pr\u00e9sent\u00e9 <span class=\"_ _4c\"> </span>avec <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>autres <span class=\"_ _6f\"> </span>charges financi\u00e8res<span class=\"_ _0\"></span>.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _46\"> </span>partie <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>plusieurs <span class=\"_ _46\"> </span>programmes <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage </span>invers\u00e9 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>escompte <span class=\"_ _61\"> </span>mis <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>place <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>clients. <span class=\"_ _61\"> </span>Ces <span class=\"_ _61\"> </span>programmes permettent <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9lais <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>paiement <span class=\"_ _3b\"></span>raccourcis<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>en particulier <span class=\"_ _4c\"> </span>pour <span class=\"_ _66\"> </span>certains <span class=\"_ _4c\"> </span>clients <span class=\"_ _4c\"> </span>dont <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>d\u00e9lais <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>paiement <span class=\"_ _4c\"> </span>sont exceptionnellement <span class=\"_ _6f\"> </span>longs <span class=\"_ _28\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _28\"> </span>aux <span class=\"_ _28\"> </span>pratiques <span class=\"_ _28\"> </span>commerciales habituelles. <span class=\"_ _3b\"></span>Comme <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>commercial <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9teint <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>estim\u00e9 <span class=\"_ _37\"></span>nul <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>fait de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>reconnaissance <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client, <span class=\"_ _3b\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>aucune <span class=\"_ _3b\"></span>implication continue associ\u00e9e \u00e0 ces programmes<span class=\"_ _0\"></span>.8.5.5Risque de liquidit\u00e9 et gestion du financement et de la structure du capitalLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">risque <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9pondre </span>aux <span class=\"_ _61\"> </span>obligations <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _61\"> </span>lorsqu\u2019<span class=\"_ _0\"></span>elles <span class=\"_ _61\"> </span>sur<span class=\"_ _3\"></span>viennent. <span class=\"_ _61\"> </span>Afin <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9duire <span class=\"_ _61\"> </span>ce risque, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>applique <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>r\u00e8gles <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>objectif <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>s\u00e9curiser <span class=\"_ _37\"></span>un acc\u00e8s <span class=\"_ _3b\"></span>permanent <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ininterrompu <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3b\"></span>financiers <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>conditions raisonnables<span class=\"_ _0\"></span>.Cette <span class=\"_ _44\"> </span>politique <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>con\u00e7ue <span class=\"_\"> </span>gr\u00e2ce <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>suivi <span class=\"_\"> </span>r\u00e9gulier <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>d\u00e9taill\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>la structure du <span class=\"_ _3\"></span>capital, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tenant <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>proportion relative <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette et <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>capitaux <span class=\"_\"> </span>propres, <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>march\u00e9s <span class=\"_ _46\"> </span>financiers <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>des objectifs et pr\u00e9visions financi\u00e8res du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _64\"> </span>\u00e9l\u00e9ments <span class=\"_ _65\"> </span>pris <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>compte <span class=\"_ _65\"> </span>parmi <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>calendrier <span class=\"_ _65\"> </span>des \u00e9ch\u00e9ances <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>remboursement de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>conventionnelles<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>les \ufb02ux <span class=\"_ _3\"></span>pr\u00e9visionnels de <span class=\"_ _3\"></span>tr\u00e9sorerie consolid\u00e9s, l\u2019acc\u00e8s aux <span class=\"_ _3\"></span>march\u00e9s financiers <span class=\"_ _3\"></span>et les besoins de financement.Afin <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>mettre <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u0153uvre <span class=\"_ _3b\"></span>cette <span class=\"_ _37\"> </span>politique <span class=\"_ _37\"> </span>d\u2019acc\u00e8s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>liquidit\u00e9, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe utilise divers financements <span class=\"_ _3\"></span>long terme <span class=\"_ _3\"></span>et confirm\u00e9s <span class=\"_ _3\"></span>qui peuvent inclure des capitaux <span class=\"_ _3\"></span>propr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>(voir <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>7), de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>(voir note <span class=\"_ _3\"></span>8.2.1), et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>lignes de cr\u00e9dit confirm\u00e9es (voir ci<span class=\"ffad2\">\u2011</span>apr\u00e8s).Les <span class=\"_ _3b\"></span>tableaux <span class=\"_ _44\"> </span>ci<span class=\"ffad2\">\u2011</span>dessous <span class=\"_ _37\"></span>montrent <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>obligations <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>\ufb02ux <span class=\"_ _3b\"></span>futurs <span class=\"_ _44\"> </span>contractuels <span class=\"_ _3b\"></span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>passifs <span class=\"_ _37\"></span>financiers. <span class=\"_ _3b\"></span>Les <span class=\"_ _37\"> </span>\ufb02ux <span class=\"_ _37\"> </span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>instruments <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>taux variable ont \u00e9t\u00e9 calcul\u00e9s sur les taux en vigueur aux 31\ue61ed\u00e9cembre 2022.31\ue662d\u00e9cembre 2022\ue61e2023<span class=\"ffad2\">\u2011<span class=\"ffad4\">S1<span class=\"_ _bd\"> </span></span></span>2023<span class=\"ffad2\">\u2011</span>S2<span class=\"_ _3f\"> </span>2024<span class=\"_ _3f\"> </span>2025<span class=\"_ _3f\"> </span>2026<span class=\"_ _bf\"> </span>2027<span class=\"_ _7c\"> </span>Apr\u00e8s<span class=\"_ _e\"> </span><span class=\"ffad5 fcc\">Total</span>Barclays 1L<span class=\"_ _33e\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250AG 2L<span class=\"_ _13f\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>125<span class=\"_ _ae\"> </span>-<span class=\"_ _8c\"> </span>125Int\u00ear\u00e9ts courus - 1L 2L<span class=\"_ _1f3\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Int\u00ear\u00e9ts capitalis\u00e9s PIK - 1L 2L<span class=\"_ _32b\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>4<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _5c\"> </span>6Dettes de loyers<span class=\"_ _1e6\"> </span>11<span class=\"_ _17c\"> </span>11<span class=\"_ _17c\"> </span>17<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>5<span class=\"_ _5c\"> </span>6<span class=\"_ _89\"> </span>8<span class=\"_ _94\"> </span>66Autre dettes<span class=\"_ _33f\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Dette totale \u2013 remboursement du nominal<span class=\"_ _190\"> </span>12<span class=\"_ _1fd\"> </span><span class=\"ffad4\">11<span class=\"_ _188\"> </span></span>17<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _11\"> </span></span>259<span class=\"_ _17f\"> </span>132<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _2f\"> </span></span>448Ajustement IFRS<span class=\"_ _54\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>(17)DETTE EN IFRS<span class=\"_ _330\"> </span>\ue662<span class=\"_ _d1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>430\ue61e<span class=\"_ _340\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S1<span class=\"_ _10d\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S2<span class=\"_ _ad\"> </span>2024<span class=\"_ _1b6\"> </span>2025<span class=\"_ _ad\"> </span>2026<span class=\"_ _1b6\"> </span>2027<span class=\"_ _93\"> </span>Apr\u00e8s<span class=\"_ _96\"> </span>T<span class=\"_ _f\"></span>otalInt\u00ear\u00e9ts courus 1L &amp; 2L<span class=\"_ _30e\"> </span>10<span class=\"_ _188\"> </span>10<span class=\"_ _ac\"> </span>21<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _69\"> </span></span>22<span class=\"_ _c8\"> </span>3<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>89Int\u00ear\u00e9ts capitalis\u00e9s PIK 1L &amp; 2L<span class=\"_ _1f4\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _94\"> </span>50<span class=\"_ _69\"> </span>36<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>86Dettes de loyers - int\u00ear<span class=\"_ _0\"></span>\u00e9ts<span class=\"_ _99\"> </span>7<span class=\"_ _89\"> </span>6<span class=\"_ _5c\"> </span>4<span class=\"_ _c8\"> </span>3<span class=\"_ _89\"> </span>2<span class=\"_ _180\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _ab\"> </span>23Autre dettes - int\u00ear\u00e9ts<span class=\"_ _1f3\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES VERSEMENTS D<span class=\"_ _0\"></span>\u2019INT\u00c9R\u00caTS<span class=\"_ _23f\"> </span>16<span class=\"_ _ab\"> </span>16<span class=\"_ _94\"> </span>25<span class=\"_ _69\"> </span>27<span class=\"_ _69\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _18f\"> </span></span>40<span class=\"_ _ae\"> </span><span class=\"ffad4\">1<span class=\"_ _27\"> </span></span>199\ue61eLes <span class=\"_ _3\"></span>obligations <span class=\"_ _3b\"></span>contractuelles <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>courante <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>consid\u00e9r\u00e9es <span class=\"_ _3b\"></span>comme <span class=\"_ _3\"></span>\u00e9tant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>montants <span class=\"_ _3\"></span>inscrits <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la situation financi\u00e8re consolid\u00e9e<span class=\"_ _0\"></span>.Lignes de cr\u00e9dit(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffadc fc1\">2021</span>Lignes de cr\u00e9dit confirm\u00e9es non tir\u00e9es avec \u00e9ch\u00e9ance de plus d\u2019un an<span class=\"_ _22f\"> </span>117<span class=\"_ _2e\"> </span>110\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>dispose\ue61fd\u2019une <span class=\"_ _3\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>confirm\u00e9e <span class=\"_ _3\"></span>garantie <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>total <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>125\ue61fmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3\"></span>US, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>117\ue61fmillions </span>d\u2019<span class=\"_ _0\"></span>euros au <span class=\"_ _3\"></span>cours du <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022 <span class=\"_ _3\"></span>(la <span class=\"_ _3\"></span>\u00ab\ue61fligne de <span class=\"_ _3\"></span>cr\u00e9dit W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb), <span class=\"_ _3\"></span>arrivant \u00e0 <span class=\"_ _3\"></span>\u00e9ch\u00e9ance en <span class=\"_ _3\"></span>2026. La <span class=\"_ _3\"></span>disponibilit\u00e9 de <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>ligne d\u00e9pend <span class=\"_ _3\"></span>de l\u2019en<span class=\"ffadd\">\u2011</span>cours des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2022 <span class=\"_ _3\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>disponible <span class=\"_ _3b\"></span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>hauteur <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>91\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit confirm\u00e9e n\u2019<span class=\"_ _0\"></span>est pas utilis\u00e9e.Note 9<span class=\"_ _3d\"> </span>A<span class=\"_ _1\"></span>vantages au personnel9.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">F<span class=\"_ _0\"></span>rais de personnel et effectifs</span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61dectif total <span class=\"_ _3\"></span>des entit\u00e9s consolid\u00e9es du <span class=\"_ _3\"></span>Groupe au 31\ue61fd\u00e9cembre 2022 s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 <span class=\"_ _3\"></span>5\ue61f322 employ\u00e9s (5\ue61f981 au 31\ue61fd\u00e9cembre 2021, <span class=\"_ _3\"></span>pour les activit\u00e9s poursuivies). Se r\u00e9f\u00e9rer au chapitr<span class=\"_ _0\"></span>e <span class=\"ls2 ws2\">5.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span> </span>du Document de R<span class=\"_ _0\"></span>\u00e9f\u00e9rence pour plus de d\u00e9tails sur les salari\u00e9s du Groupe.Le <span class=\"ls0 ws0\">total des avantages au personnel (au sein des entit\u00e9s consolid\u00e9es) est d\u00e9taill\u00e9 comme suit\ue61f:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffadf fc1\">2021\ue662*</span>Salaires<span class=\"_ _25d\"> </span>230<span class=\"_ _2e\"> </span>212Charges sociales<span class=\"_ _341\"> </span>64<span class=\"_ _c6\"> </span>60Co\u00fbts salariaux li\u00e9s au paiement en actions accord\u00e9s aux dirigeants et aux employ\u00e9s (note 9<span class=\"_ _1\"></span>.3.3)<span class=\"_ _8\"> </span>6<span class=\"_ _f7\"> </span>3Charges li\u00e9es aux plans de retraite \u00e0 pr<span class=\"_ _0\"></span>estations d\u00e9finies (note 9.2.2.<span class=\"_ _0\"></span>1)<span class=\"_ _316\"> </span>2<span class=\"_ _b7\"> </span>2Indemnit\u00e9s de fin de contrat de tr<span class=\"_ _0\"></span>avail et autres avantages au personnel \u00e0 long terme<span class=\"_ _304\"> </span>14<span class=\"_ _f0\"> </span>15T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES A<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES A<span class=\"_ _0\"></span>U PERSONNEL (HORS PLAN \u00c0 CONTRIBUTIONS D\u00c9FINIES)<span class=\"_ _19\"> </span>316<span class=\"_ _ed\"> </span>292Charges li\u00e9es aux plans de retraite \u00e0 contributions d\u00e9finies<span class=\"_ _293\"> </span>9<span class=\"_ _f2\"> </span>9* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fLes indemnit\u00e9s de d\u00e9part sont pr\u00e9sent\u00e9es dans les co\u00fbts de <span class=\"_ _0\"></span>restructuration des activit\u00e9s poursuivies au sein du compte de r\u00e9sultat consolid\u00e9.9.<span class=\"_ _3b\"></span>2<span class=\"_ _93\"> </span><span class=\"ls0 ws0\">Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s</span>A<span class=\"_ _0\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploiIl <span class=\"_ _44\"> </span>existe <span class=\"_\"> </span>dans <span class=\"_ _44\"></span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>di\ue61f\u00e9rents <span class=\"_ _44\"> </span>r\u00e9gimes <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>etraite <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>de certains <span class=\"_ _3\"></span>salari\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>vers\u00e9es <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>contributions d\u00e9finies, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire \u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>plans de <span class=\"_ _3\"></span>retraite dans <span class=\"_ _3\"></span>lesquels <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"ls4e ws4e\">paye </span>des contributions <span class=\"_ _3\"></span>fixes et n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>plus aucune <span class=\"_ _3\"></span>obligation juridique <span class=\"_ _3\"></span>ou implicite de <span class=\"_ _3\"></span>payer des <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>compl\u00e9mentaires (par <span class=\"_ _3\"></span>exemple, si <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>ne d\u00e9tient <span class=\"_\"> </span>pas <span class=\"_\"> </span>su\ue61dsamment <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_\"> </span>pour <span class=\"_\"> </span>payer <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>tous <span class=\"_\"> </span>les <span class=\"_\"> </span>employ\u00e9s <span class=\"_\"> </span>les avantages <span class=\"_ _46\"> </span>acquis <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>cours <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>exercices <span class=\"_ _46\"> </span>pass\u00e9s <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>en<span class=\"ffae5\">\u2011</span>cours) <span class=\"_ _61\"> </span>- <span class=\"_ _61\"> </span>sont enregistr\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>charges <span class=\"_\"> </span>quand <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>salari\u00e9s <span class=\"_\"> </span>ont <span class=\"_\"> </span>rendu <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_\"> </span>leur ouvrant droit \u00e0 ces contributions<span class=\"_ _0\"></span>.Les <span class=\"_ _64\"> </span>autres <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9gimes <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>retraite <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>analys\u00e9s <span class=\"_ _64\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>plans <span class=\"_ _64\"> </span>\u00e0 prestations <span class=\"_ _44\"></span>d\u00e9finies <span class=\"_ _44\"> </span>(c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>plans <span class=\"_ _47\"> </span>de <span class=\"_ _44\"></span>retr<span class=\"_ _0\"></span>aite <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"></span>pr\u00e9voient <span class=\"_ _37\"></span>un montant <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>prestation <span class=\"_ _65\"> </span>qu\u2019un <span class=\"_ _65\"> </span>employ\u00e9 <span class=\"_ _64\"> </span>recevra <span class=\"_ _65\"> </span>lors <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>retraite<span class=\"_ _0\"></span>, g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>bas\u00e9 <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3\"></span>facteurs <span class=\"_ _3\"></span>tels <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>ann\u00e9es d\u2019<span class=\"_ _0\"></span>anciennet\u00e9 <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>salaire) et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9s au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>d\u2019une \u00e9valuation actuarielle des engagements \u00e0 la date de cl\u00f4ture<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _37\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _37\"></span>retenue <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>fond\u00e9e <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>m\u00e9thode <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>unit\u00e9s de <span class=\"_ _37\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>projet\u00e9es. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>actualis\u00e9e <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>obligations <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est d\u00e9termin\u00e9e <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>hauteur <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>acquis <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>salari\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>date d\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>application <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formule <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>d\u00e9finie pour <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>r\u00e9gime. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>des actuaires <span class=\"_ _46\"> </span>ind\u00e9pendants <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>fonction <span class=\"_ _61\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _61\"> </span>d\u00e9mographiques <span class=\"_ _46\"> </span>et financi\u00e8res telles <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>mortalit\u00e9, la rotation <span class=\"_ _3\"></span>du personnel, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution des salaires et les taux d\u2019<span class=\"_ _0\"></span>actualisation.La <span class=\"_ _44\"> </span>r\u00e9\u00e9valuation, <span class=\"_ _37\"></span>qui <span class=\"_ _47\"> </span>comprend <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>gains <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>pertes <span class=\"_ _44\"></span>actuariels, <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61fet\ue61cdes modifications <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plafonnement <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(si <span class=\"_ _3b\"></span>applicable) <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>rendement des <span class=\"_ _37\"></span>actifs <span class=\"_ _37\"></span>(hors <span class=\"_ _37\"></span>int\u00e9r\u00eats), <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>imm\u00e9diatement <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>bilan <span class=\"_ _37\"></span>en contrepartie <span class=\"_\"> </span>d\u2019une <span class=\"_\"> </span>imputation <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>\u00ab\ue61cAutres <span class=\"_\"> </span>\u00e9l\u00e9ments <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>r\u00e9sultat global\ue61c\u00bb <span class=\"_\"> </span>au <span class=\"_\"> </span>sein <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019\u00c9tat <span class=\"_\"> </span>du <span class=\"_\"> </span>R\u00e9sultat <span class=\"_\"> </span>Global <span class=\"_\"> </span>(ERG). <span class=\"_\"> </span>La <span class=\"_\"> </span>r\u00e9\u00e9valuation reconnue <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>ERG <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>re\ufb02\u00e9t\u00e9e <span class=\"_ _66\"> </span>imm\u00e9diatement <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>r\u00e9serves consolid\u00e9es et ne sera pas reclass\u00e9e en r<span class=\"_ _0\"></span>\u00e9sultat.Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>avantages <span class=\"_ _3b\"></span>assimil\u00e9s <span class=\"_ _3\"></span>sont class\u00e9s comme suit\ue61c:\u2022co\u00fbts <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>services <span class=\"_ _44\"> </span>(incluant <span class=\"_\"> </span>le <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _44\"> </span>rendus <span class=\"_ _44\"> </span>courants <span class=\"_ _44\"> </span>et pass\u00e9s <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>modification <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>de liquidation de r\u00e9gimes) \u00e0 comptabiliser en r\u00e9sultat\ue61c;\u2022charges <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _60\"> </span>nette <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>produit <span class=\"_ _60\"> </span>financier <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>comptabiliser <span class=\"_ _61\"> </span>en r\u00e9sultat financier (note 8.5).Les co\u00fbts des ser<span class=\"_ _3\"></span>vices pass\u00e9s sont <span class=\"_ _3\"></span>comptabilis\u00e9s en charges sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice o\u00f9 a lieu la modification de r\u00e9gimes<span class=\"_ _0\"></span>.Le <span class=\"_ _46\"> </span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _61\"> </span>financier <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>calcul\u00e9 <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>appliquant <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>taux <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _46\"> </span>au </span>d\u00e9but <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>de couverture<span class=\"_ _0\"></span>.La <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>retraite <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>avantages <span class=\"_ _65\"> </span>assimil\u00e9s <span class=\"_ _65\"> </span>inscrite <span class=\"_ _64\"> </span>au <span class=\"_ _65\"> </span>bilan repr\u00e9sente le d\u00e9ficit ou l\u2019<span class=\"_ _0\"></span>exc\u00e9dent entre la v<span class=\"_ _0\"></span>aleur actualis\u00e9e de l\u2019obligation au <span class=\"_ _37\"></span>titre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>prestations <span class=\"_ _37\"></span>d\u00e9finies <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>r\u00e9gime. T<span class=\"_ _23\"></span>out <span class=\"_ _3\"></span>exc\u00e9dent provenant de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>calcul est <span class=\"_ _3\"></span>plafonn\u00e9 <span class=\"_ _3\"></span>\u00e0 hauteur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur actualis\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>disponibles <span class=\"_ _37\"></span>sous <span class=\"_ _3b\"></span>forme <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>restitution <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>plan ou de r\u00e9duction des contributions futures \u00e0 verser au plan.Autres avantages au personnel \u00e0 long termeDes <span class=\"_ _3\"></span>indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cessation <span class=\"_ _3b\"></span>d\u2019emploi <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es\ue61cau <span class=\"_ _3b\"></span>passif <span class=\"_ _3b\"></span>d\u00e8s que l\u2019<span class=\"_ _0\"></span>entit\u00e9 <span class=\"_ _3\"></span>ne peut plus <span class=\"_ _3\"></span>retirer d\u2019<span class=\"_ _0\"></span>o\ue61fre d\u2019indemnit\u00e9s de <span class=\"_ _3\"></span>cessation d\u2019<span class=\"_ _0\"></span>emploi ou <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019entit\u00e9 <span class=\"_ _3\"></span>reconnait <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>engagements au <span class=\"_ _3\"></span>titre des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>(par <span class=\"_ _3\"></span>exemple les <span class=\"_ _3\"></span>m\u00e9dailles <span class=\"_ _3\"></span>du travail) sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>\u00e9valu\u00e9s sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>m\u00e9thodes <span class=\"_ _3\"></span>actuarielles. Les \u00e9carts <span class=\"_ _6\"> </span>actuariels <span class=\"_ _1a\"> </span>sur <span class=\"_ _6\"> </span>ces <span class=\"_ _1a\"> </span>engagements <span class=\"_ _6\"> </span>sont <span class=\"_ _1a\"> </span>comptabilis\u00e9s imm\u00e9diatement en r\u00e9sultat.Les <span class=\"_ _44\"> </span>engagements <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>avantages <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas pr\u00e9sent\u00e9s <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _61\"> </span>provision <span class=\"_ _61\"> </span>pour <span class=\"_ _60\"> </span>retraites <span class=\"_ _61\"> </span>mais <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la provision pour restructur<span class=\"_ _0\"></span>ation ou des autres dettes.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _64\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _64\"> </span>et avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>charges <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pendante <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>hypoth\u00e8ses utilis\u00e9es <span class=\"_\"> </span>par <span class=\"_\"> </span>les <span class=\"_\"> </span>actuaires <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>valeurs <span class=\"_\"> </span>actuarielles <span class=\"_\"> </span>des obligations. <span class=\"_ _6b\"> </span>Ces <span class=\"_ _6c\"> </span>hypoth\u00e8ses <span class=\"_ _6c\"> </span>incluent <span class=\"_ _6b\"> </span>parmi <span class=\"_ _6c\"> </span>d\u2019<span class=\"_ _0\"></span>autres, <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>taux <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _65\"> </span>annuelle <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>prestations futures<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>retenues <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span>calcul <span class=\"_\"> </span>des <span class=\"_\"> </span>engagements <span class=\"_\"> </span>de retraites <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>avantages <span class=\"_ _60\"> </span>assimil\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _64\"> </span>d\u00e9termin\u00e9es <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>se <span class=\"_ _64\"> </span>basant <span class=\"_ _60\"> </span>sur l\u2019<span class=\"_ _0\"></span>exp\u00e9rience du Groupe et sur des donn\u00e9es externes.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>actuariels <span class=\"_ _3b\"></span>tels <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>taux </span>d\u2019int\u00e9r\u00eat, le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>d\u2019investissement et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque de <span class=\"_ _3\"></span>long\u00e9vit\u00e9. La <span class=\"_ _3\"></span>provision pour <span class=\"_ _3b\"></span>retraites <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _37\"></span>assimil\u00e9s <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u00e9termin\u00e9 par <span class=\"_ _44\"> </span>r\u00e9f\u00e9rence <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>rendement, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>obligations \u00e9mises <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>entreprises <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>premier <span class=\"_ _3b\"></span>rang. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>sont soumis \u00e0 des variations qui ont comme e\ue61fet la baisse/hausse des cours et une augmentation de <span class=\"_ _3\"></span>la volatilit\u00e9. La Direction du Groupe estime que <span class=\"_ _3\"></span>les taux <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>ad\u00e9quats. <span class=\"_ _3b\"></span>Cependant <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>di\ue61f\u00e9rences <span class=\"_ _3b\"></span>futures <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>les hypoth\u00e8ses retenues <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>les valeurs <span class=\"_ _3\"></span>futures observ\u00e9es <span class=\"_ _3\"></span>peuvent a\ue61fecter <span class=\"_ _3\"></span>de mani\u00e8re <span class=\"_ _3\"></span>significative <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3b\"></span>de retraites <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>avantages <span class=\"_ _3b\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>a\ue61f\u00e9rentes <span class=\"_ _3\"></span>\u00e0 ces engagements.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.1<span class=\"_ _70\"> </span><span class=\"ls0 ws0\">Synth\u00e8se des provisions et descriptif des r<span class=\"_ _0\"></span>\u00e9gimes</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021</span>erAu 1<span class=\"_ _6f\"> </span><span class=\"ffaef\">\ue662janvier<span class=\"_ _269\"> </span></span>291<span class=\"_ _5c\"> </span>350<span class=\"_ _9a\"> </span>5<span class=\"_ _9e\"> </span>5<span class=\"_ _c8\"> </span>295<span class=\"_ _ae\"> </span><span class=\"ls70 ws70\">355</span>Charge nette de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _33f\"> </span>7<span class=\"_ _1a4\"> </span>5<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>7<span class=\"_ _1a4\"> </span>5Reprises exceptionnelles<span class=\"_ _f1\"> </span>(1)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1da\"> </span>(1)<span class=\"_ _7a\"> </span>(2)Prestations et contributions vers\u00e9es<span class=\"_ _342\"> </span>(26)<span class=\"_ _83\"> </span>(26)<span class=\"_ _1da\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _5c\"> </span>(27)<span class=\"_ _83\"> </span>(26)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _343\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-P<span class=\"_ _0\"></span>ertes et (gains) actuariels reconnus en ERG<span class=\"_ _344\"> </span>(49)<span class=\"_ _a7\"> </span>(40)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(49)<span class=\"_ _a7\"> </span>(40)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres<span class=\"_ _345\"> </span>1<span class=\"_ _9e\"> </span>4<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>1<span class=\"_ _9e\"> </span>4Au 31\ue662d\u00e9cembre<span class=\"_ _173\"> </span><span class=\"ffaee\">223<span class=\"_ _c2\"> </span>291<span class=\"_ _9a\"> </span>2<span class=\"_ _9e\"> </span>5<span class=\"_ _ae\"> </span><span class=\"ls53 ws53\">2<span class=\"_ _3\"></span>24<span class=\"_ _c8\"> </span></span>295</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _117\"> </span>33<span class=\"_ _186\"> </span>34<span class=\"_ _17d\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _194\"> </span>33<span class=\"_ _186\"> </span>34Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _343\"> </span>190<span class=\"_ _d1\"> </span>257<span class=\"_ _9a\"> </span>2<span class=\"_ _9a\"> </span>5<span class=\"_ _7a\"> </span>191<span class=\"_ _c2\"> </span>262\ue61f9.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.1<span class=\"_ _c0\"> </span><span class=\"ls0 ws0\">\ue61fR\u00e9gime \u00e0 cotisations d\u00e9finies</span>Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>correspondent <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>pay\u00e9es <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>garantissent <span class=\"_ _3\"></span>aux salari\u00e9s un niveau de prestation qui est directement li\u00e9 aux cotisations v<span class=\"_ _0\"></span>ers\u00e9es.Le <span class=\"ls0 ws0\">montant des contributions vers\u00e9es \u00e0 ce titre s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 18\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2022 (9\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021).</span>9<span class=\"_ _0\"></span>.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _c7\"> </span>R\u00e9gime \u00e0 prestations d\u00e9finiesCes <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>concernent <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _3b\"></span>retraite et <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>soins <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>retrait\u00e9s. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>2022, la r\u00e9partition g\u00e9ographique des engagements nets est la suiv<span class=\"_ _0\"></span>ante\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Allemagne<span class=\"_ _81\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis<span class=\"_ _52\"> </span>Royaume<span class=\"ffaf7\">\u2011</span><span class=\"lsbb wsbb\">Uni<span class=\"_ _8c\"> </span></span>France<span class=\"_ _8c\"> </span>Autres<span class=\"_ _a7\"> </span>T<span class=\"_ _f\"></span>otalV<span class=\"_ _1\"></span>aleur actuelle de l\u2019obligation<span class=\"_ _219\"> </span><span class=\"ls96 ws96\">1<span class=\"_ _3\"></span>74<span class=\"_ _194\"> </span></span>90<span class=\"_ _d7\"> </span>90<span class=\"_ _97\"> </span>6<span class=\"_ _194\"> </span>25<span class=\"_ _16a\"> </span>385Juste valeur des actifs du r\u00e9gime<span class=\"_ _295\"> </span>(0)<span class=\"_ _ae\"> </span>(66)<span class=\"_ _c2\"> </span><span class=\"ls6b ws6b\">(<span class=\"_ _3\"></span>79)<span class=\"_ _1b5\"> </span></span>-<span class=\"_ _d1\"> </span>(15)<span class=\"_ _17c\"> </span>(160)PROVISION POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES ASSIMIL\u00c9S<span class=\"_ _17d\"> </span>173<span class=\"_ _191\"> </span>23<span class=\"_ _185\"> </span>12<span class=\"_ _1a4\"> </span>6<span class=\"_ _194\"> </span>10<span class=\"_ _1e1\"> </span>223Paiements<span class=\"_ _346\"> </span>(16)<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1da\"> </span>(8)<span class=\"_ _17d\"> </span>-<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _c2\"> </span>(<span class=\"_ _3\"></span>27)Duration moyenne (en ann\u00e9es)<span class=\"_ _1ed\"> </span>9<span class=\"_ _1a4\"> </span>8<span class=\"_ _193\"> </span>14<span class=\"_ _97\"> </span>8<span class=\"_ _5c\"> </span><span class=\"ls5e ws5e\">N/A<span class=\"_ _5c\"> </span>N/A</span>\ue61fR\u00e9gimes de retr<span class=\"_ _0\"></span>aite et avantages assimil\u00e9sLes principaux r\u00e9gimes de r<span class=\"_ _0\"></span>etraite dans le Groupe sont les suivants\ue61f:\u2022en <span class=\"_ _3b\"></span>Allemagne<span class=\"ffaf5\">, <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficient <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plusieurs <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>retraite </span>priv\u00e9s <span class=\"_ _37\"></span>consentis <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>entreprise. <span class=\"_ _3b\"></span>Ces <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>retraite, <span class=\"_ _3b\"></span>non <span class=\"_ _37\"></span>financ\u00e9s, sont g\u00e9r\u00e9s par V<span class=\"_ _1\"></span>antiva et accordent aux b\u00e9n\u00e9ficiaires principalement des annuit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>retraite <span class=\"_\"> </span>et <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>pensions <span class=\"_\"> </span>d\u2019invalidit\u00e9. <span class=\"_\"> </span>Les <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>sont d\u00e9termin\u00e9s sur la <span class=\"_ _3\"></span>base de leurs <span class=\"_ _3\"></span>ann\u00e9es de service <span class=\"_ _3\"></span>et de leur <span class=\"_ _3\"></span>salaire en fin de carri\u00e8re<span class=\"_ _0\"></span>. Les r\u00e9gimes de retraite sont ferm\u00e9s aux nouveaux entrants<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est compris entre 60 et 63 ans\ue61f;\u2022aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>\u2011Unis<span class=\"ffaf5\">, <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>employ\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>couverts <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime </span>de retraite <span class=\"_ _3\"></span>\u00e0 prestations <span class=\"_ _3\"></span>d\u00e9finies. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a principalement <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _37\"></span>retraite <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>prestations <span class=\"_ _44\"></span>d\u00e9finies\ue61f: <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>r\u00e9gime <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>couvre <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>essentiel <span class=\"_ _44\"> </span>des employ\u00e9s <span class=\"_ _65\"> </span>non <span class=\"_ _64\"> </span>syndiqu\u00e9s, <span class=\"_ _65\"> </span>financ\u00e9 <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>fonds <span class=\"_ _65\"> </span>g\u00e9r<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>mani\u00e8re ind\u00e9pendante <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>couvre <span class=\"_ _3b\"></span>l\u2019ensemble <span class=\"_ _3\"></span>des dirigeants <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _65\"> </span>r\u00e9gime <span class=\"_ _65\"> </span>ferm\u00e9 <span class=\"_ _66\"> </span>aux <span class=\"_ _65\"> </span>nouveaux <span class=\"_ _66\"> </span>entrants<span class=\"_ _0\"></span>. <span class=\"_ _66\"> </span>Les avantages <span class=\"_ _65\"> </span>sont <span class=\"_ _66\"> </span>d\u00e9termin\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _66\"> </span>un <span class=\"_ _65\"> </span>pourcentage <span class=\"_ _65\"> </span>du <span class=\"_ _66\"> </span>salaire <span class=\"_ _65\"> </span>des participants <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>r\u00e9gime, <span class=\"_ _44\"> </span>compl\u00e9t\u00e9 <span class=\"_\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>taux <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>rendement <span class=\"_ _44\"> </span>financier minimum garanti sur les droits acquis jusqu\u2019<span class=\"_ _1\"></span>au d\u00e9part en retraite.erDepuis <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>1<span class=\"_ _6f\"> </span>\ue61fjanvier <span class=\"_ _61\"> </span>2010, <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _61\"> </span>futurs <span class=\"_ _46\"> </span>rendus <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>salari\u00e9s am\u00e9ricains <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>donnent <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>prestations <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>gel des <span class=\"_ _37\"></span>plans <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pension <span class=\"_ _44\"></span>d\u00e9cid\u00e9 <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>annonc\u00e9 <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>2009. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"></span>droits <span class=\"_ _44\"></span>cumul\u00e9s restent <span class=\"_ _3\"></span>acquis <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>portent <span class=\"_ _3\"></span>int\u00e9r\u00eat, <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>vers\u00e9es au fonds de pension.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffaf7\">\u2011</span>\u2011Uni<span class=\"ffaf5\">, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva accorde <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>\u00e0 </span>prestations <span class=\"_ _3\"></span>d\u00e9finies <span class=\"_ _3\"></span>financ\u00e9 <span class=\"_ _3\"></span><span class=\"ffaf9\">via<span class=\"_ _3b\"></span></span> un <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante qui b\u00e9n\u00e9ficie des <span class=\"_ _3\"></span>contributions de V<span class=\"_ _1\"></span>antiva et <span class=\"_ _3\"></span>qui verse les prestations <span class=\"_ _3\"></span>de retraite<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Ce </span>r\u00e9gime est ferm\u00e9 aux nouveaux entrants.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022en France,<span class=\"_ _3\"></span><span class=\"ffaf5\"> des indemnit\u00e9s <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>telles que <span class=\"_ _3\"></span>pr\u00e9vues par </span>la <span class=\"_ _44\"> </span>convention <span class=\"_ _44\"> </span>collective, <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>payables <span class=\"_ _44\"> </span>aux <span class=\"_ _47\"> </span>employ\u00e9s <span class=\"_ _44\"> </span>s\u2019ils <span class=\"_ _44\"> </span>font <span class=\"_ _44\"> </span>encore partie <span class=\"_ _64\"> </span>du <span class=\"_ _60\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>cette <span class=\"_ _64\"> </span>date. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>indemnit\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>\u00e9valu\u00e9es <span class=\"_ _64\"> </span>et provisionn\u00e9es <span class=\"_ _61\"> </span>sur <span class=\"_ _64\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>salaire <span class=\"_ _61\"> </span>estim\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019anciennet\u00e9 <span class=\"_ _61\"> </span>des employ\u00e9s \u00e0 la date de leur d\u00e9part.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite est de <span class=\"_ _3\"></span>62 ans <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge moyen <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>retraite observ\u00e9 est de 64 ans\ue61f;\u2022dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>autres <span class=\"_ _60\"> </span>pays<span class=\"ffaf5\">, <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>accorde <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>r\u00e9gimes <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>retraite <span class=\"_ _61\"> </span>au </span>Mexique, <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>Belgique, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>Japon <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>Cor\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Sud. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>avantages sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>bas\u00e9s <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>r\u00e9mun\u00e9ration <span class=\"_ _3\"></span>assur\u00e9e <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>carri\u00e8re et la dur\u00e9e de service.R\u00e9gimes de couvertur<span class=\"_ _0\"></span>e de soins m\u00e9dicauxAux <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis, <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _64\"> </span>o\ue61erait <span class=\"_ _60\"> </span>un <span class=\"_ _64\"> </span>r\u00e9gime <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>couverture <span class=\"_ _64\"> </span>m\u00e9dicale <span class=\"_ _64\"> </span>\u00e0 certains <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _44\"> </span>pendant <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>retraite. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>r\u00e9gime <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>couverture <span class=\"_ _44\"></span>m\u00e9dicale aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>Unis inclut <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>frais <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des frais dentaires et a \u00e9t\u00e9 ferm\u00e9 aux nouveaux entr<span class=\"_ _0\"></span>ants.9<span class=\"_ _1\"></span>.2.2<span class=\"_ _bc\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>l\u00e9ments du compte de r\u00e9sultat et de l\u2019\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global</span>9<span class=\"_ _0\"></span>.2.2.1<span class=\"_ _c7\"> </span>Compte de r\u00e9sultatPlans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>Co\u00fbt des services\ue662:<span class=\"_ _347\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt des services rendus au cours de la p\u00e9riode<span class=\"_ _17\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)co\u00fbt des services pass\u00e9s et gains li\u00e9s \u00e0 une r\u00e9duction de r\u00e9gime<span class=\"_ _9\"> </span>-<span class=\"_ _9a\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>2Co\u00fbt \ue75cnancier net\ue662:<span class=\"_ _348\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt financier relatif \u00e0 l\u2019<span class=\"_ _0\"></span>engagement<span class=\"_ _349\"> </span>(8)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _178\"> </span></span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(8)<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>rendement relatif aux actifs du r\u00e9gime<span class=\"_ _34a\"> </span>5<span class=\"_ _1a4\"> </span>3<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _9a\"> </span>5<span class=\"_ _1a4\"> </span>3co\u00fbt administratif et taxe<span class=\"_ _34b\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS (6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span></span>(6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(2)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN CHARGES\ue61f9<span class=\"_ _1\"></span>.2.2.2<span class=\"_ _be\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global (ERG)</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>OUVERTURE<span class=\"_ _21b\"> </span><span class=\"ffb02\">\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _a9\"> </span></span>(196)<span class=\"_ _18c\"> </span>(236)Gains/(P<span class=\"_ _0\"></span>ertes) actuariels sur les actifs du r\u00e9gime\ue61f:<span class=\"_ _ba\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61fli\u00e9s au rendement des actifs de couverture<span class=\"_ _220\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2Gains/(pertes) actuariels sur la provision pour retr<span class=\"_ _0\"></span>aites\ue61f:<span class=\"_ _e4\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61fli\u00e9s au changement d\u2019hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _10e\"> </span>3<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _97\"> </span>3<span class=\"_ _9a\"> </span>2(1)li\u00e9s au changement d\u2019hypoth\u00e8ses financi\u00e8res\ue61f<span class=\"_ _335\"> </span>122<span class=\"_ _186\"> </span>35<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span>122<span class=\"_ _186\"> </span>35li\u00e9s aux ajustements d\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _182\"> </span>(12)<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _c8\"> </span>(12)<span class=\"_ _178\"> </span>1COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS 49<span class=\"_ _7a\"> </span>40<span class=\"_ _97\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _aa\"> </span>50<span class=\"_ _aa\"> </span>40D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERGCOMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _8d\"> </span><span class=\"ffb01\">(146)<span class=\"_ _a9\"> </span>(196)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERG(1) <span class=\"ls6d ws6d\">En </span>2022 la variation des taux d\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>tualisation (voir note 9<span class=\"_ _0\"></span>.2.5) a entra\u00een\u00e9 un gain actuariel de 49\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros contre un gain actuariel de 40\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021.9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.3<span class=\"_ _c0\"> </span>\u00c9<span class=\"_ _0\"></span>volution des engagements et des actifs de couverturesPlans de retraitesCouvertureet avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _53\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _5e\"> </span><span class=\"ffb0a fc1\">2021</span>V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 l\u2019<span class=\"_ _0\"></span>ouverture<span class=\"_ _41\"> </span>(514)<span class=\"_ _72\"> </span>(558)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _84\"> </span>(519)<span class=\"_ _c1\"> </span>(563)Co\u00fbt des services rendus<span class=\"_ _347\"> </span>(2)<span class=\"_ _a7\"> </span>(2)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _a7\"> </span>(2)<span class=\"_ _a7\"> </span>(2)Co\u00fbt financier<span class=\"_ _34c\"> </span>(8)<span class=\"_ _18a\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _186\"> </span></span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _18a\"> </span>(8)<span class=\"_ _a7\"> </span><span class=\"ls52 ws52\">(6)</span>R\u00e9\u00e9valuation - gains/(pertes) actuariels pr<span class=\"_ _0\"></span>ovenant\ue61f:<span class=\"_ _b6\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61fde changement dans les hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _1a0\"> </span>3<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _1da\"> </span>2de changement dans les hypoth\u00e8ses financi\u00e8res<span class=\"_ _cb\"> </span>122<span class=\"_ _c8\"> </span>35<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _17c\"> </span>122<span class=\"_ _c8\"> </span>35des ajustements li\u00e9s \u00e0 l\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _34d\"> </span>(12)<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _94\"> </span>(12)<span class=\"_ _186\"> </span>1Co\u00fbt des services pass\u00e9s, incluant les gains/(pertes) sur les r<span class=\"_ _0\"></span>\u00e9ductions -<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>1de\ue61fr\u00e9gimeV<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _34e\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _186\"> </span>-Prestations vers\u00e9es<span class=\"_ _123\"> </span>29<span class=\"_ _c8\"> </span>32<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _89\"> </span>29<span class=\"_ _ae\"> </span>32\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _13e\"> </span>(2)<span class=\"_ _12\"> </span>(18)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _83\"> </span>(1)<span class=\"_ _12\"> </span>(18)Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 la cl\u00f4ture<span class=\"_ _2\"> </span>(383)<span class=\"_ _84\"> </span>(514)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c1\"> </span>(385)<span class=\"_ _84\"> </span>(518)Obligation enti\u00e8rement ou partiellement financ\u00e9e<span class=\"_ _ce\"> </span>(188)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>248)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _2f\"> </span>(188)<span class=\"_ _84\"> </span>(248)Obligation non financ\u00e9e<span class=\"_ _112\"> </span>(195)<span class=\"_ _84\"> </span>(266)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _2f\"> </span>(199)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>270)Juste valeur des actifs du plan \u00e0 l\u2019<span class=\"_ _1\"></span>ouverture<span class=\"_ _2\"> </span>223<span class=\"_ _a9\"> </span>208<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _69\"> </span>223<span class=\"_ _a9\"> </span>208Rendement des actifs de couverture<span class=\"_ _34d\"> </span>4<span class=\"_ _58\"> </span>3<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _1da\"> </span>3Gains/(pertes) de r\u00e9\u00e9valuation<span class=\"_ _34b\"> </span>(<span class=\"_ _0\"></span>65)<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _8d\"> </span>(65)<span class=\"_ _aa\"> </span>2Cotisations vers\u00e9es par l\u2019<span class=\"_ _1\"></span>employeur<span class=\"_ _34f\"> </span>8<span class=\"_ _aa\"> </span>8<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>8<span class=\"_ _aa\"> </span>8Prestations vers\u00e9e<span class=\"_ _350\"> </span>(11)<span class=\"_ _18f\"> </span>(14)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _ab\"> </span>(11)<span class=\"_ _12\"> </span>(14)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _123\"> </span>-<span class=\"_ _ae\"> </span>15<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _c2\"> </span>15Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-Juste valeur \u00e0 la cl\u00f4ture<span class=\"_ _351\"> </span>160<span class=\"_ _69\"> </span>223<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _12\"> </span>160<span class=\"_ _69\"> </span>223PROVISIONS POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>GES ASSIMIL\u00c9S<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>224)<span class=\"_ _84\"> </span>(291)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c9\"> </span>(225)<span class=\"_ _c1\"> </span>(295)\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>ce <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>verser<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>cours <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2023, <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>ordre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>25\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>plans <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>prestations </span>d\u00e9finies, dont 18\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros directement par l\u2019<span class=\"_ _0\"></span>entreprise aux employ\u00e9s et 7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros par les plans<span class=\"_ _0\"></span>.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.<span class=\"_ _3\"></span>4Actifs du r\u00e9gime9<span class=\"_ _0\"></span>.2.4.<span class=\"_ _0\"></span>1P<span class=\"_ _0\"></span>olitique et strat\u00e9gie de couverture des\ue61fengagementsD<span class=\"_ _0\"></span>ans <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_\"> </span>o\u00f9 <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>retraites <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>assimil\u00e9s <span class=\"_ _46\"> </span>est couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs, <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffb0c\">\u2011</span>Unis <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, la strat\u00e9gie d\u2019investissement concernant ces actifs de couverture est d\u00e9finie en fonction du profil des b\u00e9n\u00e9ficiaires des plans<span class=\"_ _0\"></span>.Au <span class=\"_ _46\"> </span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>contributions <span class=\"_ _61\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _46\"> </span>r\u00e9gimes <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>prestations d\u00e9finies <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>n\u00e9goci\u00e9es <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>rustees <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>apr\u00e8s <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>\u00e9valuation <span class=\"_ _3b\"></span>triennale. Les T<span class=\"_ _f\"></span>rustees sont <span class=\"_ _3\"></span>conseill\u00e9s par un <span class=\"_ _3\"></span>acteur majeur <span class=\"_ _3\"></span>du conseil <span class=\"_ _3\"></span>en gestion des risques <span class=\"_ _6f\"> </span>sur <span class=\"_ _6f\"> </span>la <span class=\"_ _6f\"> </span>politique <span class=\"_ _6f\"> </span>d\u2019investissement. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>cotisations <span class=\"_ _28\"> </span>annuelles moyennes <span class=\"_ _61\"> </span>sont <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>l\u2019or<span class=\"_ _0\"></span>dre <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>6,6\ue61fmillions <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>livres <span class=\"_ _46\"> </span>sterling <span class=\"_ _61\"> </span>(<span class=\"_ _3\"></span>7<span class=\"_ _1\"></span>,7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au taux moyen 2022).Aux <span class=\"_ _44\"></span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb0c\">\u2011</span>Unis, <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>politique <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _44\"> </span>est <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>contribuer <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>hauteur <span class=\"_ _44\"></span>d\u2019un montant <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>moins <span class=\"_ _3b\"></span>\u00e9gal <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>minima <span class=\"_ _3\"></span>requis <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3\"></span>am\u00e9ricaine. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3\"></span></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3\"></span>pas eu de contribution en 2022.P<span class=\"_ _0\"></span>\u00e9riodiquement, <span class=\"_\"> </span>une <span class=\"_\"> </span>analyse <span class=\"_\"> </span>actif<span class=\"ffb0c\">\u2011</span>passif <span class=\"_\"> </span>des <span class=\"_\"> </span>politiques <span class=\"_\"> </span>d\u2019investissement est r\u00e9alis\u00e9e<span class=\"_ _0\"></span>, pour mesurer l\u2019<span class=\"_ _0\"></span>\u00e9quilibre\ue61frisque\ue61f/ rentabilit\u00e9.\u2022aux <span class=\"_\"> </span>\u00c9tats<span class=\"ffb0c\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_\"> </span>dans <span class=\"_\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>r\u00e9gime <span class=\"_\"> </span>de <span class=\"_\"> </span>retraite <span class=\"_\"> </span>est <span class=\"_\"> </span>gel\u00e9, <span class=\"_\"> </span>la strat\u00e9gie <span class=\"_\"> </span>d\u2019investissement <span class=\"_\"> </span>vise <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>augmenter <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>ratio de <span class=\"_\"> </span>capitalisation pour <span class=\"_ _3\"></span>atteindre le <span class=\"_ _3\"></span>montant <span class=\"_ _3\"></span>de l\u2019obligation tout <span class=\"_ _3\"></span>en visant <span class=\"_ _3\"></span>simultan\u00e9ment <span class=\"_ _3\"></span>\u00e0 minimiser <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>volatilit\u00e9 <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>ratio <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>capitalisation <span class=\"_ _3b\"></span>(le <span class=\"_ _3b\"></span>ratio <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>financement est <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _46\"> </span>75\ue61f%). <span class=\"_ _46\"> </span>L<span class=\"_ _1\"></span>\u2019actif <span class=\"_\"> </span>est <span class=\"_\"> </span>enti\u00e8rement <span class=\"_\"> </span>compos\u00e9 <span class=\"_ _46\"> </span>d\u2019obligations <span class=\"_\"> </span>et d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Un <span class=\"_ _37\"></span></span>mandat <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>fond <span class=\"_ _37\"></span>externe pour appliquer cette strat\u00e9gie\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>statut <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>financement <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _3\"></span>90\ue61f%. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>de financement <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>compos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>54\ue61f% <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>assurance <span class=\"_ _3\"></span>couvrant <span class=\"_ _3\"></span>les obligations <span class=\"_ _61\"> </span>envers <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>retrait\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>34\ue61f% <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>obligations <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9quivalents <span class=\"_ _61\"> </span>de tr\u00e9sorerie<span class=\"_ _0\"></span>, 11\ue61f% d\u2019instruments de capitaux propres et 1\ue61f% d\u2019immeubles.9<span class=\"_ _0\"></span>.2.4.2<span class=\"_ _4f\"> </span>V<span class=\"_ _f\"></span>entilation de la juste valeur par cat\u00e9gorieR\u00e9partition des actifs\ue662Juste valeur des actifs\ue662au\ue66231\ue662d\u00e9cembreau\ue66231\ue662d\u00e9cembre(en % et en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents<span class=\"_ _270\"> </span>3\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _158\"> </span>5<span class=\"_ _8b\"> </span>2Actions<span class=\"_ _352\"> </span>50\ue61f%<span class=\"_ _1d\"> </span>13\ue61f%<span class=\"_ _251\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _82\"> </span></span>30T<span class=\"_ _0\"></span>itres de cr\u00e9ances<span class=\"_ _160\"> </span>31\ue61f%<span class=\"_ _1b5\"> </span>69\ue61f%<span class=\"_ _5\"> </span>50<span class=\"_ _19b\"> </span>154Immobilier<span class=\"_ _271\"> </span>1\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _8b\"> </span>2<span class=\"_ _158\"> </span>3Contrats d\u2019<span class=\"_ _1\"></span>assurance<span class=\"_ _2af\"> </span>15\ue61f%<span class=\"_ _1ee\"> </span>15\ue61f%<span class=\"_ _251\"> </span>25<span class=\"_ _156\"> </span>33TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _2c4\"> </span>100\ue662%<span class=\"_ _186\"> </span>100\ue662%<span class=\"_ _17e\"> </span><span class=\"ffb15\">160<span class=\"_ _184\"> </span>223</span>\ue61fLa juste valeur des <span class=\"_ _3\"></span>titres de cr\u00e9ances et <span class=\"_ _3\"></span>des instruments de <span class=\"_ _3\"></span>capitaux propres est bas\u00e9e sur <span class=\"_ _3\"></span>des prix cot\u00e9s <span class=\"_ _3\"></span>sur des march\u00e9s actifs. La juste <span class=\"_ _3\"></span>valeur des actifs <span class=\"_ _3\"></span>de couverture ne comprend p<span class=\"_ _0\"></span>as d\u2019instruments financiers \u00e9mis par V<span class=\"_ _1\"></span>antiva ni tout autre actif utilis\u00e9 par le Groupe<span class=\"_ _0\"></span>.En <span class=\"ls0 ws0\">2022 le rendement r\u00e9el des actifs s\u2019<span class=\"_ _0\"></span>est av\u00e9r\u00e9 n\u00e9gatif \u00e0 (59)\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros (positif de 5\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros en 2021).</span>9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.5<span class=\"_ _bc\"> </span>Hypoth\u00e8ses r<span class=\"_ _0\"></span>etenues pour le calcul actuarielPlans de retraites\ue662et avantages assimil\u00e9s<span class=\"_ _156\"> </span>Couverture m\u00e9dicale\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _23\"></span>aux d\u2019<span class=\"_ _0\"></span>actualisation moyen pond\u00e9r\u00e9<span class=\"_ _277\"> </span>4,40\ue61f%<span class=\"_ _1b4\"> </span>1,61\ue61f%<span class=\"_ _186\"> </span>4,89\ue61f%<span class=\"_ _194\"> </span>2,55\ue61f%T<span class=\"_ _23\"></span>aux moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _0\"></span>augmentation des salaires \u00e0 long terme<span class=\"_ _171\"> </span>1,22\ue61f%<span class=\"_ _74\"> </span>1,17\ue61f%<span class=\"_ _4e\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _4e\"> </span>N/A</span>\ue61fM\u00e9thodologie appliqu\u00e9e pour la d\u00e9termination du taux d\u2019<span class=\"_ _0\"></span>actualisationP<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>am\u00e9ricains, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>prestations <span class=\"_ _3\"></span>projet\u00e9es <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>actualis\u00e9es <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>utilisant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>courbe <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>partir <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>obligations <span class=\"_ _3\"></span>\u00e9mises par des entreprises <span class=\"_ _3\"></span>not\u00e9es AA. Dans la zone Euro et au <span class=\"_ _3\"></span>Royaume<span class=\"ffb17\">\u2011</span>U<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>les taux <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actualisation utilis\u00e9s sont <span class=\"_ _3\"></span>d\u00e9termin\u00e9s sur <span class=\"_ _3\"></span>la base des <span class=\"_ _3\"></span>obligations \u00e9mises par des entreprises not\u00e9es AA.Plans de retraites\ue662(en %)et avantages assimil\u00e9s<span class=\"_ _188\"> </span>Plans de pr\u00e9retraite<span class=\"_ _80\"> </span>Couverture m\u00e9dicale<span class=\"_ _ee\"> </span>Index de r\u00e9f\u00e9renceZ<span class=\"_ _0\"></span>one Euro<span class=\"_ _110\"> </span>3,77\ue61f%<span class=\"_ _129\"> </span>0,00\ue61f%<span class=\"_ _eb\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _f2\"> </span></span>Iboxx AA10+Royaume U<span class=\"_ _0\"></span>ni<span class=\"_ _169\"> </span>4,70\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _eb\"> </span>N/A<span class=\"_ _23f\"> </span></span>Aon Hewitt AA curve\u00c9tats<span class=\"_ _0\"></span><span class=\"ffb17\">\u2011<span class=\"ffb12\">Unis<span class=\"_ _353\"> </span>4,81\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e4\"> </span></span>4,89\ue61f%<span class=\"_ _6e\"> </span>Citigroup pension discount curve</span></span>\ue61f9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.6<span class=\"_ _4d\"> </span>Risques associ\u00e9s aux r\u00e9gimes \u00e0 prestation d\u00e9finies et analyse de sensibilit\u00e9Les plans de retr<span class=\"_ _0\"></span>aite sont principalement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux risques financiers li\u00e9s aux hypoth\u00e8ses de taux d\u2019<span class=\"_ _0\"></span>actualisation.Les plans de couverture m\u00e9dicale sont princip<span class=\"_ _0\"></span>alement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>li\u00e9s <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>taux d\u2019inflation de la couverture m\u00e9dicale.La sensibilit\u00e9 de l\u2019<span class=\"_ _0\"></span>\u00e9valuation actuarielle est d\u00e9crite ci<span class=\"ffb17\">\u2011</span>dessous\ue61f:\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>augmentait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>diminuerait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>diminuait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>augmenterait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>couverture <span class=\"_ _37\"></span>m\u00e9dicale <span class=\"_ _44\"></span>augmentaient <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>1\ue61f%, <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_\"> </span>les <span class=\"_\"> </span>co\u00fbts <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>m\u00e9dicale <span class=\"_\"> </span>diminuaient <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>1\ue61f%, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si le taux <span class=\"_ _3\"></span>de revalorisation des salaires augmentait de <span class=\"_ _3\"></span>0,25\ue61f%, la provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>revalorisation <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>salaires <span class=\"_ _3b\"></span>diminuait <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>0,25\ue61f%, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>sensibilit\u00e9 <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9e <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>de changements raisonnables de chacune des <span class=\"_ _3\"></span>hypoth\u00e8ses \u00e0 la date <span class=\"_ _3\"></span>de cl\u00f4ture, tout en conservant les autres hypoth\u00e8ses inchang\u00e9es<span class=\"_ _0\"></span>.9.<span class=\"_ _3b\"></span>3<span class=\"_ _25\"> </span><span class=\"ls0 ws0\">Paiements sur la b<span class=\"_ _0\"></span>ase d\u2019<span class=\"_ _0\"></span>actions</span>Le <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>peut <span class=\"_ _37\"> </span>accorder <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>r\u00e9mun\u00e9rations <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>base <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _37\"></span>dont certaines <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>r\u00e9gl\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>instruments <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>en tr\u00e9sorerie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En </span>application <span class=\"_ _3\"></span>d\u2019IFRS\ue61f2, l\u2019<span class=\"_ _0\"></span>avantage accord\u00e9 aux <span class=\"_ _3\"></span>salari\u00e9s au titre des <span class=\"_ _3b\"></span>plans <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>stock<span class=\"ffb1e\">\u2011</span>options <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>d\u2019actions <span class=\"_ _3\"></span>gratuites, <span class=\"_ _3\"></span>\u00e9valu\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3b\"></span>de l\u2019<span class=\"_ _0\"></span>attribution de l\u2019<span class=\"_ _0\"></span>option, constitue un compl\u00e9ment de r\u00e9mun\u00e9ration.Les <span class=\"_\"> </span>plans <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>attributions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_\"> </span>capitaux propres <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur des <span class=\"_ _46\"> </span>instruments <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>accord\u00e9s. <span class=\"_\"> </span>Ils <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9s comme <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel, <span class=\"_ _3\"></span>lin\u00e9airement <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition des <span class=\"_\"> </span>dr<span class=\"_ _0\"></span>oits, <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>prenant <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>compte <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>nombre d\u2019instruments qui seront acquis \u00e0 la fin de la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition.P<span class=\"_ _0\"></span>our <span class=\"_\"> </span>les <span class=\"_ _47\"> </span>plans <span class=\"_ _44\"> </span>d\u2019attribution <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_ _47\"> </span>en <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>dette correspondant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>part <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>biens <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>services <span class=\"_\"> </span>re\u00e7us <span class=\"_ _37\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est comptabilis\u00e9e <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _61\"> </span>biens <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>services, <span class=\"_ _61\"> </span>et, <span class=\"_ _61\"> </span>est recalcul\u00e9e \u00e0 chaque date de cl\u00f4ture avec les changements de juste valeur enregistr\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>sein <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>\u00ab\ue61fAutres produits (charges) <span class=\"_ _3\"></span>financiers\ue61fnets\ue61f\u00bb. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De <span class=\"_ _3\"></span></span>plus, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>bas\u00e9s sur <span class=\"_ _3\"></span>des conditions <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>performance <span class=\"_ _61\"> </span>hors <span class=\"_ _61\"> </span>march\u00e9, <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>probabilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9aliser <span class=\"_ _61\"> </span>la performance <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>estim\u00e9e <span class=\"_ _61\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>charge <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>ajust\u00e9e <span class=\"_ _61\"> </span>en cons\u00e9quence.La <span class=\"_ _66\"> </span>juste <span class=\"_ _4c\"> </span>valeur <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>instruments, <span class=\"_ _4c\"> </span>et <span class=\"_ _66\"> </span>particuli\u00e8rement <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>options attribu\u00e9es, <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>utilisant <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>un <span class=\"_ _64\"> </span>mod\u00e8le <span class=\"_ _64\"> </span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3b\"></span>binomial, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>mod\u00e8le <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>Black&amp;Scholes, <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>prend en <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>r\u00e9estimation <span class=\"_ _61\"> </span>annuelle <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>nombre <span class=\"_ _61\"> </span>attendu <span class=\"_ _60\"> </span>d\u2019options exer\u00e7ables<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Le </span>mod\u00e8le de Black&amp;Scholes peut \u00e9galement \u00eatre utilis\u00e9 pour \u00e9valuer <span class=\"_\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>attributions <span class=\"_\"> </span>soumises <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>certaines <span class=\"_ _61\"> </span>conditions <span class=\"_ _46\"> </span>de march\u00e9<span class=\"_ _0\"></span>.9<span class=\"_ _1\"></span>.3.<span class=\"_ _0\"></span>1<span class=\"_ _1d0\"> </span>Plans de <span class=\"ffb1f\">stock</span>\u2011options<span class=\"ffb1b\"> et actions ordinair<span class=\"_ _0\"></span>es </span>accord\u00e9s par V<span class=\"_ _23\"></span>antivaPlan d\u2019int\u00e9ressement du management \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actionnaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>23\ue61fmai <span class=\"_ _3b\"></span>2013, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>quinzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>autoris\u00e9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>attribution, en <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3b\"></span>fois, <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>fran\u00e7aises <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e9trang\u00e8res<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>achat <span class=\"_ _3\"></span>ou de <span class=\"_ _3\"></span>souscription <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actions. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>autorisation <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e de <span class=\"_ _3b\"></span>38 <span class=\"_ _37\"></span>mois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _37\"></span>23\ue61fjuillet <span class=\"_ _3b\"></span>2016. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>options <span class=\"_ _37\"></span>attribu\u00e9es <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>titre <span class=\"_ _3b\"></span>de cette <span class=\"_ _64\"> </span>autorisation <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>pouvaient <span class=\"_ _64\"> </span>donner <span class=\"_ _60\"> </span>droit <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _64\"> </span>nombre <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actions sup\u00e9rieur \u00e0 994\ue61f204 <span class=\"_ _3\"></span>(soit, avec prise en compte <span class=\"_ _3\"></span>du regroupement d\u2019<span class=\"_ _0\"></span>actions intervenu <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2020, <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 <span class=\"_ _3b\"></span>repr\u00e9sentant 8\ue61f% <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>capital <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du 23\ue61fmai 2013).Le <span class=\"_ _61\"> </span>Directeur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral, <span class=\"_ _46\"> </span>agissant <span class=\"_ _60\"> </span>sur <span class=\"_ _61\"> </span>d\u00e9l\u00e9gation <span class=\"_ _61\"> </span>octroy\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>r\u00e9union en <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>22\ue61fseptembre <span class=\"_ _3b\"></span>2022, <span class=\"_ _3b\"></span>afin <span class=\"_ _3b\"></span>de pr\u00e9server <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>titulaires <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>Options <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>l\u2019issue <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution, <span class=\"_ _37\"> </span>a d\u00e9cid\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>proc\u00e9der <span class=\"_\"> </span>comme <span class=\"_\"> </span>suit <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>ajustement <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>des <span class=\"_\"> </span>titulaires d\u2019<span class=\"_ _0\"></span>Options n\u2019<span class=\"_ _0\"></span>ayant pas exer<span class=\"_ _0\"></span>c\u00e9 leurs Options avant le 6\ue61fseptembre 2022\ue61f:\u2022Management <span class=\"_ _60\"> </span>Incentive <span class=\"_ _60\"> </span>Plan<span class=\"_ _64\"> </span> juin\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>appliquant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>coefficient modifi\u00e9 <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,62239944, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>prix <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>options <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>modifi\u00e9 <span class=\"_ _44\"> </span>et s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _44\"> </span>d\u00e9sormais <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>60,54\ue61feuros<span class=\"_ _0\"></span>, <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Soci\u00e9t\u00e9 sous <span class=\"_\"> </span>options <span class=\"_\"> </span>existantes <span class=\"_\"> </span>(une <span class=\"_\"> </span>option pour <span class=\"_\"> </span>une <span class=\"_\"> </span>action) <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>ajust\u00e9 <span class=\"_\"> </span>\u00e0 10\ue61f083\ue61f;\u2022Management <span class=\"_ _64\"> </span>Incentive <span class=\"_ _64\"> </span>Plan<span class=\"_ _64\"> </span> octobre\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>appliquant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>m\u00eame coefficient modifi\u00e9, le <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice des <span class=\"_ _3\"></span>options a <span class=\"_ _3\"></span>\u00e9t\u00e9 modifi\u00e9 <span class=\"_ _3\"></span>et s\u2019\u00e9l\u00e8ve d\u00e9sormais \u00e0 73,<span class=\"_ _3\"></span>21\ue61feuros<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>le nombre d\u2019<span class=\"_ _0\"></span>actions de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 sous option existantes est d\u00e9sormais de 47\ue61f587<span class=\"_ _1\"></span>.Au <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022, <span class=\"_ _3\"></span>7\ue61f563 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>23\ue61f800 <span class=\"_ _3\"></span>options <span class=\"_ _3\"></span>li\u00e9es respectivement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>MIP juin\ue61f2017 et MIP octobre\ue61f2017 sont toujours en circulation.Les <span class=\"_ _61\"> </span>options <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>plan <span class=\"_ _60\"> </span>MIP <span class=\"_ _60\"> </span>2016 <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>annul\u00e9es <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>fait <span class=\"_ _61\"> </span>de l\u2019<span class=\"_ _0\"></span>expiration du plan en juin et octobre\ue61f2022.Plan d\u2019int\u00e9ressement \u00e0 long terme 2019<span class=\"ffb1e\">\u202f</span>: \u00ab\ue61f2019\ue61fLong\ue61fT<span class=\"_ _45\"></span>erm\ue61fIncentive\ue61fPlan (L<span class=\"_ _f\"></span>TIP 2019)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _64\"> </span>g\u00e9n\u00e9rale <span class=\"_ _64\"> </span>du\ue61f14\ue61fjuin <span class=\"_ _64\"> </span>2019<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vingti\u00e8me\ue61fr\u00e9solution, <span class=\"_ _64\"> </span>a autoris\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>attribuer <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>existantes <span class=\"_\"> </span>ou des <span class=\"_ _37\"></span>actions <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>en <span class=\"_ _37\"></span>faveur <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>certaines cat\u00e9gories <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>salari\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _37\"> </span>autorisation <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _37\"> </span>p\u00e9riode de\ue61f12\ue61fmois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au\ue61f13\ue61fjuin <span class=\"_ _37\"></span>2020, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>actions <span class=\"_ _37\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>vertu <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la pr\u00e9sente autorisation <span class=\"_ _3\"></span>ne\ue61fpouvant pas <span class=\"_ _3\"></span>d\u00e9passer <span class=\"_ _3\"></span>3\ue61f000\ue61f000, soit <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 r\u00e9ajust\u00e9e de 111\ue61f111 actions apr\u00e8s op\u00e9r<span class=\"_ _0\"></span>ations de regroupement.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette\ue61fautorisation <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sur <span class=\"_ _46\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a approuv\u00e9 le\ue61f14\ue61fjuin <span class=\"_ _3\"></span>2019\ue61fla mise en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3b\"></span>Plan <span class=\"_ _37\"></span>d\u2019int\u00e9ressement <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>management <span class=\"_ _3b\"></span>(L<span class=\"_ _1\"></span>TIP 2019).Ce <span class=\"_ _3\"></span><span class=\"ls0 ws0\">plan, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9tale <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>trois <span class=\"_ _3\"></span>ann\u00e9es, pr\u00e9voit <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>de </span>droits <span class=\"_ _60\"> </span>conditionnels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>recev<span class=\"_ _0\"></span>oir <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>gratuites <span class=\"_ _60\"> </span>dont <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _1\"></span>acquisition d\u00e9finitive <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>conditionn\u00e9e <span class=\"_ _66\"> </span>au\ue61frespect <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>condition <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan jusqu\u2019<span class=\"_ _1\"></span>au\ue61f14\ue61fjuin 2022.Sur <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>fondement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>sur recommandation <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3b\"></span>r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>du 30\ue61fjanvier <span class=\"_\"> </span>2020 <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>attribu\u00e9 <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>plusieurs <span class=\"_\"> </span>fois, <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>14\ue61fjuin <span class=\"_\"> </span>2019 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>le 20\ue61fjanvier <span class=\"_\"> </span>2020, <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>nombre <span class=\"_ _44\"> </span>total <span class=\"_\"> </span>de <span class=\"_\"> </span>2\ue61f907\ue61f000 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>recevoir <span class=\"_\"> </span>autant d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _60\"> </span>gratuites, <span class=\"_ _61\"> </span>soit <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>quotit\u00e9 <span class=\"_ _60\"> </span>r\u00e9ajust\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>107\ue61f601 <span class=\"_ _60\"> </span>droits <span class=\"_ _60\"> </span>apr\u00e8s regroupement d\u2019<span class=\"_ _1\"></span>actions.Ce <span class=\"ls0 ws0\">plan est arriv\u00e9 \u00e0 \u00e9ch\u00e9ance le 14\ue61fjuin 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">19\ue61fseptembre 2022, <span class=\"_ _3\"></span>agissant <span class=\"_ _3\"></span>sur d\u00e9l\u00e9gation <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Conseil d\u2019administr<span class=\"_ _0\"></span>ation, </span>le <span class=\"_ _3\"></span>Directeur g\u00e9n\u00e9ral <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>proc\u00e9d\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>di\ue61d\u00e9r\u00e9e <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es gratuitement <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _37\"></span>2019 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>d\u00e9finitivement <span class=\"_ _3b\"></span>acquises, pr\u00e9alablement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_\"> </span>intervenue <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>27\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022. <span class=\"_ _44\"> </span>A <span class=\"_\"> </span>cet e\ue61det, 78\ue61f637 actions <span class=\"_ _3\"></span>nouvelles ont \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9mises et livr\u00e9es <span class=\"_ _3\"></span>aux b\u00e9n\u00e9ficiaires du plan L<span class=\"_ _f\"></span>TIP 2019.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2020 (L<span class=\"_ _f\"></span>TIP 2020)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, a <span class=\"_ _44\"> </span>autoris\u00e9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>proc\u00e9der <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions existantes <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>\u00e9mettre, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>qu\u2019il <span class=\"_ _3\"></span>d\u00e9terminera <span class=\"_ _3b\"></span>parmi les <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>et/ou <span class=\"_\"> </span>mandataires <span class=\"_ _44\"> </span>sociaux <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>Soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_\"> </span>ou groupements <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>lui <span class=\"_ _37\"></span>sont <span class=\"_ _44\"> </span>li\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _44\"> </span>autorisation <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une dur\u00e9e de <span class=\"_ _3\"></span>36 <span class=\"_ _3\"></span>mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>valable <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3\"></span>2023. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>droits \u00e0 <span class=\"_ _3\"></span>attribuer en <span class=\"_ _3\"></span>vertu de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pr\u00e9sente <span class=\"_ _3\"></span>autorisation ne <span class=\"_ _3\"></span>pourront <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>droit \u00e0 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _44\"> </span>sup\u00e9rieur <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>3,6\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_ _44\"> </span>tel <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>constat\u00e9 <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_ _44\"> </span>\u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>17\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2020 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>2020 <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>attribu\u00e9 2\ue61f829\ue61f146 <span class=\"_\"> </span>droits <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>actions <span class=\"_\"> </span>gratuites. <span class=\"_\"> </span>Ces <span class=\"_ _46\"> </span>plans <span class=\"_ _46\"> </span>triennaux <span class=\"_ _61\"> </span>conf\u00e8rent <span class=\"_\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>droits <span class=\"_ _6f\"> </span>conditionnels <span class=\"_ _4c\"> </span>de <span class=\"_ _6f\"> </span>recevoir <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>Actions <span class=\"_ _4c\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _61\"> </span>dont <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>livraison <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>subordonn\u00e9e <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>satisfaction <span class=\"_ _61\"> </span>d\u2019une condition <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _44\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _44\"> </span>(soit <span class=\"_ _44\"> </span>initialement jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _65\"> </span>17\ue61fd\u00e9cembre <span class=\"_ _64\"> </span>2023) <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>r\u00e9alisation <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>deux <span class=\"_ _64\"> </span>conditions <span class=\"_ _65\"> </span>de performance, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>condition <span class=\"_\"> </span>de <span class=\"_\"> </span>performance <span class=\"_\"> </span>interne <span class=\"_ _44\"> </span>assise <span class=\"_\"> </span>sur <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>atteinte d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _61\"> </span>d\u2019EBIT<span class=\"_ _0\"></span>A <span class=\"_ _61\"> </span>cumul\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>une <span class=\"_ _60\"> </span>condition <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>performance <span class=\"_ _60\"> </span>externe assise <span class=\"_ _3\"></span>sur un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>actionnaires jusqu\u2019\u00e0 la <span class=\"_ _3\"></span>fin de <span class=\"_ _3b\"></span>2022. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>est <span class=\"_ _3b\"></span>pr\u00e9cis\u00e9 <span class=\"_ _3b\"></span>toutefois <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>754\ue61f656 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"></span>droits <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>portent <span class=\"_ _3b\"></span>pas sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>Actions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Performance <span class=\"_ _3\"></span>mais <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>gratuites <span class=\"_ _3\"></span>attribu\u00e9s <span class=\"_ _3b\"></span>\u00e0 des <span class=\"_ _61\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _60\"> </span>qui <span class=\"_ _60\"> </span>ne <span class=\"_ _61\"> </span>font <span class=\"_ _60\"> </span>pas <span class=\"_ _60\"> </span>partie <span class=\"_ _61\"> </span>du <span class=\"_ _60\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>dont l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _4c\"> </span>d\u00e9finitive <span class=\"_ _66\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _4c\"> </span>soumise <span class=\"_ _4c\"> </span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _4c\"> </span>condition <span class=\"_ _4c\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan.Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>24\ue61fmars <span class=\"_ _44\"> </span>2021 <span class=\"_ _47\"> </span>a <span class=\"_ _44\"> </span>proc\u00e9d\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>de 1\ue61f424\ue61f899 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>membres <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb27\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3\"></span>commen\u00e7ant \u00e0 <span class=\"_ _3\"></span>la date <span class=\"_ _3\"></span>de l\u2019attribution, devait prendre fin <span class=\"_\"> </span>\u00e9galement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>troisi\u00e8me <span class=\"_\"> </span>anniversaire <span class=\"_ _44\"> </span>(soit <span class=\"_\"> </span>initialement <span class=\"_ _47\"> </span>au <span class=\"_ _44\"> </span>24\ue61fmars 2024).D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>contexte <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>Distribution, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>fid\u00e9liser <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>ces plans <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aligner <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>int\u00e9r\u00eats <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>celui <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>onseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _66\"> </span>a <span class=\"_ _4c\"> </span>souhait\u00e9 <span class=\"_ _4c\"> </span>anticiper <span class=\"_ _66\"> </span>de <span class=\"_ _4c\"> </span>quelques <span class=\"_ _4c\"> </span>mois <span class=\"_ _66\"> </span>l\u2019acquisition d\u00e9finitive <span class=\"_\"> </span>des <span class=\"_\"> </span>actions <span class=\"_\"> </span>attribu\u00e9es <span class=\"_\"> </span>au <span class=\"_\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>ce <span class=\"_\"> </span>plan, <span class=\"_\"> </span>cette <span class=\"_\"> </span>modification devant <span class=\"_ _37\"> </span>permettre <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>attributaires <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>b\u00e9n\u00e9ficier <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de recevoir <span class=\"_ _3b\"></span>ainsi <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>au moment <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>sa mise en \u0153uvre<span class=\"_ _0\"></span>.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>douzi\u00e8me <span class=\"_ _66\"> </span>r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>titre <span class=\"_ _65\"> </span>extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>a approuv\u00e9 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>modification <span class=\"_ _64\"> </span>avec <span class=\"_ _64\"> </span>e\ue61det <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9troactif <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _65\"> </span>g\u00e9n\u00e9rale <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>30\ue61fjuin <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>la possibilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9duire <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>p\u00e9riode <span class=\"_ _46\"> </span>d\u2019acquisition <span class=\"_\"> </span>initiale <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>dur\u00e9e minimale <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>seize <span class=\"_ _3b\"></span>mois, <span class=\"_ _3\"></span>autorisant <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>amendements <span class=\"_ _3b\"></span>n\u00e9cessaires <span class=\"_ _3b\"></span>aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9mettre <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _37\"> </span>2\ue61f800\ue61f276 <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _64\"> </span>du <span class=\"_ _65\"> </span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>ay<span class=\"_ _0\"></span>ant <span class=\"_ _65\"> </span>satisfait <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>pr\u00e9sence ininterrompue au sein du Groupe pendant la dur<span class=\"_ _0\"></span>\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plans d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (<span class=\"_ _0\"></span>ASP 2020)F<span class=\"_ _0\"></span>aisant <span class=\"_ _3\"></span>usage <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019autorisation donn\u00e9e <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin 2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>recommandation <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _1\"></span>administration a approuv\u00e9 le 15\ue61favril 2021 la mise en \u0153uvre du Plan 2020 d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (ASP) au profit du Directeur g\u00e9n\u00e9ral et d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>cadres dirigeants \u00e9ligibles <span class=\"_ _3\"></span>(membres du <span class=\"_ _64\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif<span class=\"_ _3\"></span>) <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>attribu\u00e9 <span class=\"_ _60\"> </span>1\ue61f744\ue61f416 <span class=\"_ _60\"> </span>Actions <span class=\"_ _64\"> </span>Additionnelles <span class=\"_ _60\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _65\"> </span>respectivement <span class=\"_ _65\"> </span>1\ue61f365\ue61f533 <span class=\"_ _65\"> </span>(dont <span class=\"_ _65\"> </span>1\ue61f027\ue61f398 <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>ofit <span class=\"_ _65\"> </span>du Dir<span class=\"_ _0\"></span>ecteur g\u00e9n\u00e9ral) le 15\ue61favril 2021 et 378\ue61f883 le 23\ue61favril 2021.Ces <span class=\"_ _3\"></span>plans, <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>ans, <span class=\"_ _3\"></span>conf\u00e8rent <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits conditionnels \u00e0 recevoir des Actions Additionnelles de P<span class=\"_ _1\"></span>erformance.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>octroi de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>Actions Additionnelles <span class=\"_ _3\"></span>de Performance est <span class=\"_ _3\"></span>conditionn\u00e9 \u00e0 <span class=\"_ _3\"></span>la r\u00e9alisation <span class=\"_ _44\"> </span>pr\u00e9alable <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>chaque <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_ _44\"> </span>\u00e9ligible <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>investissement personnel <span class=\"_ _3\"></span>significatif <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actions <span class=\"_ _3\"></span>ordinaires <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Soci\u00e9t\u00e9, <span class=\"_ _3\"></span>investissement <span class=\"_ _3\"></span>en consid\u00e9ration <span class=\"_ _3\"></span>duquel <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaire <span class=\"_ _3b\"></span>peut <span class=\"_ _3b\"></span>se <span class=\"_ _3b\"></span>voir <span class=\"_ _3\"></span>attribuer <span class=\"_ _3b\"></span>gratuitement, <span class=\"_ _3b\"></span>\u00e0 la <span class=\"_\"> </span>discr\u00e9tion <span class=\"_\"> </span>du <span class=\"_\"> </span>Conseil, <span class=\"_\"> </span>des <span class=\"_\"> </span>Actions <span class=\"_\"> </span>Additionnelles <span class=\"_\"> </span>de <span class=\"_\"> </span>P<span class=\"_ _0\"></span>erformance <span class=\"_\"> </span>\u00e0 hauteur <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>montant <span class=\"_ _3b\"></span>repr\u00e9sentant <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>maximum <span class=\"_ _37\"></span>3 <span class=\"_ _3b\"></span>fois <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _37\"></span>investi en actions V<span class=\"_ _1\"></span>antiva par ledit b\u00e9n\u00e9ficiair<span class=\"_ _0\"></span>e.La <span class=\"_ _37\"> </span>livraison <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>Actions <span class=\"_ _37\"> </span>Additionnelles <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>Performance<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>du Plan, est par ailleurs subordonn\u00e9e \u00e0\ue61f:\u2022la satisfaction d\u2019une <span class=\"_ _3\"></span>condition de <span class=\"_ _3\"></span>pr\u00e9sence ininterrompue pendant <span class=\"_ _3\"></span>toute la dur\u00e9e du plan jusqu\u2019<span class=\"_ _0\"></span>en avril\ue61f2023\ue61f; et\u2022\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>r\u00e9alisation <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _64\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>performance <span class=\"_ _64\"> </span>interne <span class=\"_ _60\"> </span>assise <span class=\"_ _64\"> </span>sur l\u2019<span class=\"_ _0\"></span>atteinte <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _3\"></span>d\u2019EBIT<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>cumul\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>d\u2019une condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>performance externe <span class=\"_ _3b\"></span>assise <span class=\"_ _37\"> </span>sur <span class=\"_ _37\"> </span>un <span class=\"_ _37\"> </span>objectif <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>rendement <span class=\"_ _37\"></span>total <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actionnaires jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin de 2022.De <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">la <span class=\"_ _3\"></span>m\u00eame <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a </span>souhait\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>contexte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>anticiper <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _44\"> </span>d\u00e9finitive <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>additionnelles <span class=\"_ _44\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>au <span class=\"_ _44\"> </span>titre <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ce plan, et permettre ainsi aux attributaires de participer \u00e0 l\u2019<span class=\"_ _1\"></span>op\u00e9ration.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>treizi\u00e8me r\u00e9solution adopt\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>titre extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>a approuv\u00e9 la <span class=\"_ _3\"></span>modification <span class=\"_ _3b\"></span>avec <span class=\"_ _3\"></span>e\ue61det <span class=\"_ _3b\"></span>r\u00e9tro<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution <span class=\"_ _3\"></span>adopt\u00e9e par l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du 30\ue61fjuin <span class=\"_ _3\"></span>2020 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9duire ainsi <span class=\"_ _3\"></span>la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>initiale \u00e0 une <span class=\"_ _3\"></span>dur\u00e9e minimale de <span class=\"_ _3\"></span>seize mois, autorisant ainsi les amendements n\u00e9cessaires aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019\u00e9mettr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _44\"> </span>1\ue61f215\ue61f858 <span class=\"_\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"> </span>incitatif <span class=\"_ _37\"></span>d\u2019investissement <span class=\"_ _3b\"></span>ASP <span class=\"_ _37\"></span>2020 <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>satisfait <span class=\"_ _37\"></span>la condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>ininterrompue <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>pendant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2022 (L<span class=\"_ _f\"></span>TIP 2022)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _6f\"> </span>g\u00e9n\u00e9rale <span class=\"_ _4c\"> </span>du <span class=\"_ _6f\"> </span>6\ue61fseptembre <span class=\"_ _6f\"> </span>2022, <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>sa <span class=\"_ _6f\"> </span>quatorzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>autoris\u00e9 <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>attribution d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _66\"> </span>existantes <span class=\"_ _4c\"> </span>ou <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _4c\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>au <span class=\"_ _66\"> </span>profit <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _66\"> </span>qu\u2019il d\u00e9terminera <span class=\"_ _3\"></span>parmi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>et/ou <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ou des <span class=\"_\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>groupements <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>lui <span class=\"_\"> </span>sont <span class=\"_\"> </span>li\u00e9s. <span class=\"_ _44\"> </span>Cette <span class=\"_\"> </span>autorisation <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>36 <span class=\"_ _44\"> </span>mois <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>valable <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _44\"> </span>6\ue61fseptembre 2025. Les droits \u00e0 attribuer en vertu de <span class=\"_ _3\"></span>la pr\u00e9sente autorisation ne pourront donner droit \u00e0 <span class=\"_ _3\"></span>un nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>sup\u00e9rieur \u00e0 <span class=\"_ _3\"></span>3\ue61f% du capital <span class=\"_ _3\"></span>social tel que constat\u00e9 \u00e0 la date \u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _44\"> </span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _44\"> </span>attribu\u00e9 gratuitement <span class=\"_ _44\"> </span>2\ue61f665\ue61f074 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>gratuites <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>profit <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Directeur g\u00e9n\u00e9ral.Ce <span class=\"_\"> </span><span class=\"ls0 ws0\">plan <span class=\"_\"> </span>triennal <span class=\"_\"> </span>conf\u00e8re <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>conditionnels <span class=\"_ _47\"> </span>de</span>\ue61frecevoir des Actions de P<span class=\"_ _0\"></span>erformance, dont la livraison est subor<span class=\"_ _0\"></span>donn\u00e9e \u00e0 la satisfaction <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _37\"> </span>condition <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _37\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Plan (soit <span class=\"_ _44\"> </span>jusqu\u2019au <span class=\"_ _44\"> </span>21\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2025) <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9alisation <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>conditions <span class=\"_\"> </span>de performance <span class=\"_ _3\"></span>conditionnant <span class=\"_ _3b\"></span>chacune <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>partie <span class=\"_ _3\"></span>l\u2019acquisition <span class=\"_ _3\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des actions\ue61f: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>financier assis <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>OCF <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre des exercices 2023, 2024 <span class=\"_ _3\"></span>et 2025 <span class=\"_ _3\"></span>(conditionnant l\u2019acquisition d\u00e9finitive de <span class=\"_ _3\"></span>40\ue61f% des droits), <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>un objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour les <span class=\"_ _3\"></span>actionnaires (\u00ab\ue61fTSR \u00ab\ue61f) <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>atteindre <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019issue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>exercices <span class=\"_ _37\"> </span>se <span class=\"_ _47\"> </span>terminant <span class=\"_ _37\"> </span>fin 2025 <span class=\"_ _60\"> </span>(pesant <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>40\ue61f%), <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>(iii) <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>objectif <span class=\"_ _64\"> </span>RSE <span class=\"_ _60\"> </span>bas\u00e9 <span class=\"_ _60\"> </span>sur <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>trois prochaines notations annuelles qui <span class=\"_ _3\"></span>seront allou\u00e9es \u00e0 V<span class=\"_ _1\"></span>antiva par Ecov<span class=\"_ _0\"></span>adis <span class=\"_ _3\"></span>\u00e0 compter de 2023 (pesant pour 20\ue61f%).Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>31\ue61fjanvier <span class=\"_ _37\"> </span>2023 <span class=\"_ _44\"> </span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _37\"> </span>de 7\ue61f995\ue61f223 <span class=\"_ _47\"> </span>actions <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>membres <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb2e\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _37\"></span>commen\u00e7ant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution, <span class=\"_ _37\"> </span>doit <span class=\"_ _37\"> </span>prendre fin \u00e9galement \u00e0 son troisi\u00e8me anniversaire (soit le 31\ue61fjanvier 2026).Le <span class=\"ls0 ws0\">d\u00e9tail de ces plans de <span class=\"ffb2f\">stock</span></span>\u2011options<span class=\"ffb2d\"> et d\u2019<span class=\"_ _0\"></span>actions est pr\u00e9sent\u00e9 ci<span class=\"ffb2e\">\u2011</span>dessous\ue61f:</span>Nombre d\u2019instruments Nombre Nombre de D<span class=\"_ _0\"></span>ate Dur\u00e9e de vie Prix d\u2019<span class=\"_ _0\"></span>exercice / initialement d\u2019instruments b\u00e9n\u00e9\ue75cciaires d\u2019<span class=\"_ _0\"></span>acquisition de V<span class=\"_ _1\"></span>aleur de Juste valeur (1)<span class=\"_ _d1\"> </span>(1)\ue61fT<span class=\"_ _f\"></span>ype de plan<span class=\"_ _35\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>octroiaccord\u00e9srestantsinitialdes droitsl\u2019instrumentl\u2019<span class=\"_ _0\"></span>action\ue662estim\u00e9e\ue662MIP Juin\ue6622017 Options\ue662*<span class=\"_ _1a\"> </span><span class=\"ffb2d\">Options de </span>26\ue61fjuin 2015<span class=\"_ _b\"> </span>9\ue61f260<span class=\"_ _c1\"> </span>7\ue61f563<span class=\"_ _26\"> </span>2<span class=\"_ _aa\"> </span>J<span class=\"_ _0\"></span>uin\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>60,54\ue61feuros<span class=\"_ _c7\"> </span>19<span class=\"_ _0\"></span>,67\ue61feurossouscription(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)MIP Octobre\ue6622017 Options de 3\ue61fd\u00e9cembre 63\ue61f334<span class=\"_ _96\"> </span>23\ue61f800<span class=\"_ _e\"> </span>22<span class=\"_ _89\"> </span>Octobr<span class=\"_ _0\"></span>e\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>73,21\ue61feuros<span class=\"_ _bd\"> </span>23,37\ue61feurosOptions\ue662*souscription2015(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)L<span class=\"_ _1\"></span>TIP 2022\ue662**<span class=\"_ _4e\"> </span><span class=\"ffb2d\">Actions de </span>21\ue61fd\u00e9cembre 2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _4d\"> </span>2\ue61f665\ue61f074<span class=\"_ _10d\"> </span>1<span class=\"_ _58\"> </span>D\u00e9cembre\ue61f2025<span class=\"_ _354\"></span>3 ans<span class=\"_ _2f\"> </span>0,19\ue61feur<span class=\"_ _0\"></span>o<span class=\"_ _81\"> </span>0,14\ue61feuroperformance2022* Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bb (voir la des<span class=\"_ _0\"></span>cription ci\u2011avant.** Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fLong\u2011T<span class=\"_ _f\"></span>erm Incentive Plan (L<span class=\"_ _1\"></span>TIP)\ue61f\u00bb (voir la descrip<span class=\"_ _0\"></span>tion ci\u2011avant).(1 ) Les prix d\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>, la juste valeur <span class=\"ls65 ws65\">et </span>le nombre des options e<span class=\"_ _0\"></span>xistantes ont <span class=\"lsbb wsbb\">\u00e9t\u00e9 </span>modifi\u00e9s suite \u00e0 l\u2019augmentation <span class=\"_ _0\"></span>de capital de 2015, au regroupement d\u2019<span class=\"_ _0\"></span>actions de 2020 <span class=\"ls65 ws65\">et </span>\u00e0 la Distribution de <span class=\"lsbd wsbd\">TC<span class=\"_ _3\"></span>S </span>en 2022. <span class=\"lsbb wsbb\">Le </span>prix d\u2019<span class=\"_ _0\"></span>exercice concerne les MIP <span class=\"ls65 ws65\">et </span>la v<span class=\"_ _0\"></span>aleur de l\u2019action fait r<span class=\"_ _0\"></span>\u00e9f\u00e9rence, pour les L<span class=\"_ _1\"></span>TIP<span class=\"_ _1\"></span>, \u00e0 la valeur de l\u2019<span class=\"_ _0\"></span>action \u00e0 la date d\u2019<span class=\"_ _0\"></span>attribution.9<span class=\"_ _1\"></span>.3.<span class=\"_ _3\"></span>2<span class=\"_ _c0\"> </span>V<span class=\"_ _23\"></span>ariations des options en circulation et des actions gratuitesLe <span class=\"ls0 ws0\">nombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites restantes ainsi que leur prix moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>exercice ont connu les variations suivantes en 2022 et 2021\ue61f:</span>Prix d\u2019<span class=\"_ _0\"></span>exercice moyen pond\u00e9r\u00e9 <span class=\"ffb36 fs5d\">(en\ue61feur<span class=\"_ _0\"></span>os)<span class=\"ffb37 fs5b\"> /</span></span>\ue61fNombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites\ue662V<span class=\"_ _1\"></span>aleur d\u2019<span class=\"_ _0\"></span>action<span class=\"_ _6b\"> </span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662Nombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2020<span class=\"_ _355\"> </span>3\ue662204\ue662907<span class=\"_ _34d\"> </span><span class=\"ffb36\">11,23</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _120\"> </span>261\ue61f568<span class=\"_ _304\"> </span>114,<span class=\"_ _3\"></span>24<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f(1)Attribu\u00e9es\ue61f<span class=\"_ _255\"> </span>3\ue61f149\ue61f437<span class=\"_ _356\"> </span>1,72<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _346\"> </span>(9\ue61f800)<span class=\"_ _2b6\"> </span>34,40<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _357\"> </span>(468\ue61f157)<span class=\"_ _295\"> </span>40,80<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2021<span class=\"_ _141\"> </span>5\ue662876\ue662387<span class=\"_ _200\"> </span><span class=\"ffb36\">3,7<span class=\"_ _0\"></span>4</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _166\"> </span>76\ue61f368<span class=\"_ _d4\"> </span>152,<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fAttribu\u00e9es\ue61f*<span class=\"_ _11a\"> </span>2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _358\"> </span>0,<span class=\"_ _0\"></span>19<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _13e\"> </span>(4\ue61f094\ue61f771)<span class=\"_ _1e2\"> </span>2,60<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _293\"> </span>(1\ue61f750\ue61f253)<span class=\"_ _359\"> </span><span class=\"ls52 ws52\">5,2<span class=\"_ _3\"></span>2<span class=\"_ _6b\"> </span></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2022<span class=\"_ _340\"> </span>2\ue662696\ue662437<span class=\"_ _359\"> </span><span class=\"ffb36\">1,00</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 7<span class=\"_ _1\"></span>4)Dont e<span class=\"_ _0\"></span>xer\u00e7able<span class=\"_ _271\"> </span>31\ue61f363<span class=\"_ _35a\"> </span>70,<span class=\"_ _0\"></span>15<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f* Li\u00e9s au Plans d'int\u00e9ressement \u00e0 L<span class=\"_ _0\"></span>ong T<span class=\"_ _f\"></span>erme (L<span class=\"_ _1\"></span>TIP) 2022, 2021 <span class=\"ls5e ws5e\">et </span>2020 <span class=\"ls5e ws5e\">et </span>ASP 2020.<span class=\"_ _2eb\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f\ue61fPrincipales hypoth\u00e8ses utilis\u00e9esL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>estimation des justes valeurs des <span class=\"ffb3f\">stock</span>\u2011options<span class=\"ffb3e\"> octroy\u00e9es a \u00e9t\u00e9 r\u00e9alis\u00e9e en utilisant le mod\u00e8le Black&amp;Scholes de v<span class=\"_ _0\"></span>alorisation d\u2019options<span class=\"_ _0\"></span>. Les donn\u00e9es utilis\u00e9es </span>dans les mod\u00e8les sont les suivantes\ue61f:Plans de <span class=\"ffb42\">stock</span>\u2011options<span class=\"ffb43\"> octroy\u00e9s en\ue662**</span>(en % et en\ue61feuros)D\u00e9cembre\ue6622015<span class=\"_ _18e\"> </span>Juin\ue6622015Prix moyen pond\u00e9r\u00e9 de l\u2019<span class=\"_ _1\"></span>action \u00e0 la date d\u2019\u00e9v<span class=\"_ _0\"></span>aluation<span class=\"_ _357\"> </span>72,59<span class=\"_ _7\"> </span>63,<span class=\"_ _0\"></span>11Prix moyen d\u2019<span class=\"_ _0\"></span>exercice pond\u00e9r<span class=\"_ _0\"></span>\u00e9<span class=\"_ _35b\"> </span>73,21<span class=\"_ _f8\"> </span>60,54V<span class=\"_ _f\"></span>olatilit\u00e9 attendue<span class=\"_ _35c\"> </span>40\ue61f%<span class=\"_ _228\"> </span>40\ue61f%Dur\u00e9e de vie estim\u00e9e\ue61f*<span class=\"_ _233\"> </span>5 ans<span class=\"_ _228\"> </span>5 ansT<span class=\"_ _23\"></span>aux sans risque<span class=\"_ _35d\"> </span>0,<span class=\"_ _0\"></span>12\ue61f%<span class=\"_ _15e\"> </span>0,17\ue61f%Ratio de dividende attendu<span class=\"_ _322\"> </span>0,70\ue61f%<span class=\"_ _fe\"> </span>0,8\ue61f%Juste valeur \u00e0 la date d\u2019<span class=\"_ _1\"></span>estimation<span class=\"_ _11c\"> </span>23,37<span class=\"_ _228\"> </span>19,66* La dur\u00e9e de vie estim\u00e9e est plus courte que la dur<span class=\"_ _0\"></span>\u00e9e de vie contractuelle de l\u2019op<span class=\"_ _0\"></span>tion car elle repr\u00e9sente la p\u00e9riode estim\u00e9e \u00e0 compter de la dat<span class=\"_ _0\"></span>e d\u2019attribution \u00e0 la date pr<span class=\"_ _0\"></span>obable d\u2019e<span class=\"_ _0\"></span>xercice.** Les prix ainsi que la juste valeur ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>ajust\u00e9s pour t<span class=\"_ _0\"></span>enir compte du regroupement de 2020 <span class=\"ls5e ws5e\">et </span>de la Distribution de <span class=\"ls99 ws99\">TCS<span class=\"_ _3\"></span> </span>en 2022.\ue61fLes facteurs consid\u00e9r\u00e9s pour estimer la <span class=\"_ _3\"></span>volatilit\u00e9 attendue pour les plans <span class=\"_ _3\"></span>de stock\u2011options<span class=\"ffb3e\"> ayant une maturit\u00e9 \u00e0 long terme incluent\ue61f:</span>\u2022la <span class=\"_ _65\"> </span>volatilit\u00e9 <span class=\"_ _65\"> </span>historique <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>actions <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>p\u00e9riode <span class=\"_ _65\"> </span>longue disponible\ue61f;\u2022les <span class=\"_ _28\"> </span>ajustements <span class=\"_ _62\"> </span>de <span class=\"_ _62\"> </span>cette <span class=\"_ _62\"> </span>volatilit\u00e9 <span class=\"_ _28\"> </span>historique <span class=\"_ _62\"> </span>en <span class=\"_ _62\"> </span>fonction <span class=\"_ _28\"> </span>des changements intervenus dans le profil d\u2019<span class=\"_ _0\"></span>activit\u00e9 V<span class=\"_ _1\"></span>antiva.\ue61fP<span class=\"_ _0\"></span>our les plans \u00e0 maturit\u00e9 plus courte, la volatilit\u00e9 attendue a \u00e9t\u00e9 d\u00e9termin\u00e9e sur la <span class=\"_ _3\"></span>base de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>volatilit\u00e9 implicite <span class=\"_ _3\"></span>des actions <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva observable <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>date de d\u00e9but du plan.9<span class=\"_ _1\"></span>.3.3Charges de l\u2019<span class=\"_ _1\"></span>exercice r<span class=\"_ _0\"></span>elatives aux plans de\ue61f\u00ab\ue61fstock<span class=\"ffb40\">\u2011</span>options\ue61f\u00bbLes r\u00e9mun\u00e9rations <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des ser<span class=\"_ _3\"></span>vices <span class=\"_ _3\"></span>re\u00e7us sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode correspondent <span class=\"_ _44\"> </span>respectivement <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>charge <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>7\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>(dont 4\ue61fmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>livraison <span class=\"_ _3b\"></span>anticip\u00e9e <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>plans) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>charge <span class=\"_ _37\"> </span>de 3\ue61fmillions <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _62\"> </span>respectivement <span class=\"_ _28\"> </span>au <span class=\"_ _62\"> </span>titre <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>exercices <span class=\"_ _62\"> </span>clos <span class=\"_ _62\"> </span>les 31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021. <span class=\"_ _37\"></span>La <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _37\"></span>charge <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>produit <span class=\"_ _3b\"></span>a \u00e9t\u00e9 cr\u00e9dit\u00e9e en capitaux propr<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _47\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>solde <span class=\"_\"> </span>des <span class=\"_\"> </span>plans <span class=\"_\"> </span>expir\u00e9s <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levant <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>12\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _66\"> </span>transf\u00e9r\u00e9 <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>r\u00e9serves <span class=\"_ _65\"> </span>consolid\u00e9es <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>application <span class=\"_ _65\"> </span>des dispositions d\u2019IFRS\ue61f2.9.<span class=\"_ _3\"></span>4<span class=\"_ _81\"> </span><span class=\"ls0 ws0\">Sommes allou\u00e9es aux membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et aux membr<span class=\"_ _0\"></span>es </span>du\ue61fComit\u00e9 E<span class=\"_ _0\"></span>x\u00e9cutifLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>pr\u00e9sence et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>r\u00e9mun\u00e9rations allou\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>(y <span class=\"_ _3\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>charges sociales <span class=\"_ _3\"></span>li\u00e9es) <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>0,8\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en </span>2022 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>0.9\ue61fmillion <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2021. <span class=\"_ _3\"></span>Une <span class=\"_ _3\"></span>retenue <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>source <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>e\ue61eectu\u00e9e <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>montants <span class=\"_ _3b\"></span>dus <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>non<span class=\"ffb40\">\u2011</span>r\u00e9sidents <span class=\"_ _3\"></span>fiscaux <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>France<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de pr\u00e9sence dus au titre de l\u2019<span class=\"_ _1\"></span>exercice 2022 seront vers\u00e9s en 2023.Les avantages <span class=\"_ _3\"></span>allou\u00e9s <span class=\"_ _3\"></span>par le <span class=\"_ _3\"></span>Groupe aux <span class=\"_ _3\"></span>membres <span class=\"_ _3\"></span>du Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif (incluant <span class=\"_ _3\"></span>ceux qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>quitt\u00e9 <span class=\"_ _3\"></span>cette fonction <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>des exercices <span class=\"_ _3\"></span>2022 et <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>se d\u00e9taillent comme suit\ue61fsur les exercices 2022 et 2021\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffb43 fc1\">2021</span>(1)Salaires et autres avantages \u00e0 court terme\ue61f<span class=\"_ _35e\"> </span>7<span class=\"_ _1de\"> </span>11A<span class=\"_ _0\"></span>vantages \u00e0 long terme<span class=\"_ _2a3\"> </span>3<span class=\"_ _b7\"> </span>2(2)Indemnit\u00e9s de d\u00e9part\ue61f<span class=\"_ _35c\"> </span>2<span class=\"_ _f5\"> </span>1Paiements fond\u00e9s sur des actions<span class=\"_ _35f\"> </span>1<span class=\"_ _19\"> </span>1TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _265\"> </span><span class=\"ffb43 ls0 ws0\">13<span class=\"_ _106\"> </span>15</span>(1) 9 membres en 2022 <span class=\"ls5e ws5e\">et </span>8 membres en 2021.(2) Les indemnit\u00e9s de d\u00e9part en retr<span class=\"_ _0\"></span>aite provisionn\u00e9es \u00e9taient quasi nulles aux 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022 <span class=\"ls5e ws5e\">et </span>2021.\ue61fEnfin, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>membres <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif <span class=\"_ _3\"></span>peuvent <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3\"></span>d\u2019indemnit\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cas <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cessation <span class=\"_ _3b\"></span>involontaire <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sans <span class=\"_ _3b\"></span>faute <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>fonction, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>montant global estim\u00e9 \u00e0 1,4\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros.Note 10<span class=\"_ _db\"> </span>Pro<span class=\"_ _0\"></span>visions et risquesUne <span class=\"_ _3b\"></span>provision <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>constitu\u00e9e <span class=\"_ _37\"></span>lorsque, <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a une <span class=\"_ _44\"> </span>obligation <span class=\"_ _44\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>d\u2019un <span class=\"_ _44\"> </span>\u00e9v\u00e9nement <span class=\"_ _44\"> </span>pass\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>dont <span class=\"_ _44\"> </span>il <span class=\"_ _44\"> </span>est <span class=\"_ _47\"> </span>probable qu\u2019<span class=\"_ _0\"></span>elle <span class=\"_ _44\"> </span>engendrera <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>sortie <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>ressources <span class=\"_ _44\"> </span>repr\u00e9sentative <span class=\"_ _37\"></span>d\u2019av<span class=\"_ _0\"></span>antages \u00e9conomiques futurs dont le montant peut \u00eatre estim\u00e9 de fa\u00e7on fiable<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>obligation <span class=\"_ _65\"> </span>peut <span class=\"_ _64\"> </span>d\u00e9couler <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _65\"> </span>contrat, <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>dispositions <span class=\"_ _64\"> </span>l\u00e9gales <span class=\"_ _65\"> </span>ou r\u00e9glementaires<span class=\"_ _0\"></span>, <span class=\"_ _44\"></span>ou <span class=\"_ _37\"></span>encore <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>implicite <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"></span>lors <span class=\"_ _37\"></span>que, <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>pratiques pass\u00e9es, <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>politique <span class=\"_ _64\"> </span>a\ue61ech\u00e9e <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>d\u00e9claration <span class=\"_ _65\"> </span>r\u00e9cente su\ue61esamment <span class=\"_ _46\"> </span>explicite, <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Groupe <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>cr\u00e9\u00e9 <span class=\"_ _46\"> </span>chez <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>tiers <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>attente fond\u00e9e qu\u2019il assumera ce passif<span class=\"_ _1\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>provision <span class=\"_ _3\"></span>repr\u00e9sente la <span class=\"_ _3b\"></span>meilleure <span class=\"_ _3\"></span>estimation </span>de la d\u00e9pense <span class=\"_ _3\"></span>n\u00e9cessaire \u00e0 l\u2019<span class=\"_ _0\"></span>extinction de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>obligation actuelle \u00e0 <span class=\"_ _3\"></span>la date de cl\u00f4ture<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Si le montant de l\u2019<span class=\"_ _0\"></span>obligation ne peut <span class=\"_ _3\"></span>\u00eatre \u00e9valu\u00e9 avec une fiabilit\u00e9 su\ue61esante, <span class=\"_ _3\"></span>aucune <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _3b\"></span>mais <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>description <span class=\"_ _3b\"></span>de cette obligation <span class=\"_ _3\"></span>est pr\u00e9sent\u00e9e dans <span class=\"_ _3\"></span>les notes <span class=\"_ _3\"></span>annexes aux <span class=\"_ _3\"></span>\u00e9tats financiers consolid\u00e9s.Si <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _60\"> </span>est <span class=\"_ _61\"> </span>significatif<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>montant <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>provision comptabilis\u00e9e <span class=\"_\"> </span>correspond <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_\"> </span>actualis\u00e9e <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>d\u00e9penses <span class=\"_\"> </span>que <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _6c\"> </span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _6c\"> </span>\u00e0 <span class=\"_ _2a\"> </span>devoir <span class=\"_ _6c\"> </span>encourir <span class=\"_ _2a\"> </span>pour <span class=\"_ _6c\"> </span>\u00e9teindre <span class=\"_ _6c\"> </span>l\u2019obligation correspondante<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Cette <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>avant <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _37\"></span>re\ufb02\u00e9tant <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>temps <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _0\"></span>argent. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9sactualisation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>enregistr<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61bAutres <span class=\"_ _3b\"></span>produits (charges) financiers nets\ue61b\u00bb.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"ls0 ws0\">jugement de la Direction est requis pour l\u2019<span class=\"_ _1\"></span>analyse des risques et litiges, </span>y <span class=\"_ _37\"></span>compris <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>probabilit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>d\u00e9nouements <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>litiges <span class=\"_ _37\"></span>en cours <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>venir<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>sont, <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>nature, <span class=\"_\"> </span>d\u00e9pendants <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9v\u00e9nements futurs <span class=\"_ _65\"> </span>n\u00e9cessair<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>incertains. <span class=\"_ _64\"> </span>P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>d\u00e9nouements possibles <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>litiges <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>fiscaux <span class=\"_ _61\"> </span>etc<span class=\"_ _3\"></span>., <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Direction <span class=\"_ _61\"> </span>s\u2019<span class=\"_ _0\"></span>appuie <span class=\"_ _61\"> </span>sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation r\u00e9alis\u00e9e <span class=\"_ _3\"></span>par des <span class=\"_ _3\"></span>conseils externes <span class=\"_ _3\"></span>connaissant <span class=\"_ _3\"></span>chaque dossier<span class=\"_ _0\"></span>, ainsi que sur les jurisprudences connues.Pro<span class=\"_ _0\"></span>visions pour restructurationLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>comptabilise <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _37\"></span>de </span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3b\"></span>lors <span class=\"_ _3b\"></span>qu\u2019il <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>obligation <span class=\"_ _3b\"></span>implicite <span class=\"_ _37\"></span>vis-\u00e0-vis <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tiers, <span class=\"_ _3b\"></span>ayant pour <span class=\"_ _61\"> </span>origine <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe <span class=\"_ _61\"> </span>mat\u00e9rialis\u00e9e <span class=\"_ _61\"> </span>avant <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de cl\u00f4ture par\ue61b:\u2022l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>plan <span class=\"_ _3b\"></span>d\u00e9taill\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>formalis\u00e9 <span class=\"_ _3\"></span>pr\u00e9cisant <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>sites <span class=\"_ _3b\"></span>concern\u00e9s, la <span class=\"_ _44\"> </span>localisation, <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>approximatif <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>personnes concern\u00e9es, la <span class=\"_ _3b\"></span>nature des <span class=\"_ _3b\"></span>d\u00e9penses <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>seront <span class=\"_ _3\"></span>engag\u00e9es <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de mise en \u0153uvre du plan\ue61b; et\u2022l\u2019<span class=\"_ _0\"></span>annonce de ce plan aux tiers concern\u00e9s par celui<span class=\"ffb4f\">\u2011</span>ci.La provision n\u2019inclut que les d\u00e9penses directement li\u00e9es au plan.10.<span class=\"_ _1\"></span>1<span class=\"_ _6e\"> </span>D<span class=\"_ _0\"></span>\u00e9tail des provisionsProvisions pour risques Provisions pour et\ue662litiges relatifsrestructurationAux activit\u00e9s Aux activit\u00e9s arr\u00eat\u00e9es ou en arr\u00eat\u00e9es ou en Provisions Aux activit\u00e9s cours de Aux activit\u00e9s cours de (en\ue61bmillions d\u2019<span class=\"_ _0\"></span>euros)pour garantiespoursuiviescessionpoursuiviescessionT<span class=\"_ _23\"></span>otalAu 31\ue662d\u00e9cembre 2021<span class=\"_ _142\"> </span><span class=\"ffb4b\">18<span class=\"_ _194\"> </span></span>21<span class=\"_ _d7\"> </span>21<span class=\"_ _d7\"> </span><span class=\"ffb4b\">18<span class=\"_ _97\"> </span>1<span class=\"_ _58\"> </span><span class=\"ls70 ws70\">79</span></span>Dotations<span class=\"_ _f9\"> </span>12<span class=\"_ _9e\"> </span>4<span class=\"_ _1a4\"> </span>7<span class=\"_ _191\"> </span>19<span class=\"_ _1a4\"> </span>3<span class=\"_ _186\"> </span>45Reprises<span class=\"_ _273\"> </span>(9)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(2)<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _aa\"> </span>(1)<span class=\"_ _c8\"> </span>(16)Utilisations de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _146\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(3)<span class=\"_ _83\"> </span>(<span class=\"_ _3\"></span>22)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _5c\"> </span></span>(32)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres mouvements<span class=\"_ _32b\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _17d\"> </span></span>1<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _1a4\"> </span></span>3<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>AU 31\ue662D\u00c9CEMBRE 2022<span class=\"_ _359\"> </span><span class=\"ffb4b\">19<span class=\"_ _d7\"> </span>18<span class=\"_ _58\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _186\"> </span></span>10<span class=\"_ _97\"> </span><span class=\"ffb4b\">-<span class=\"_ _1da\"> </span></span><span class=\"ls70 ws70\">70</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _19e\"> </span>19<span class=\"_ _9e\"> </span>8<span class=\"_ _9a\"> </span>6<span class=\"_ _d7\"> </span>10<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>43Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _347\"> </span>-<span class=\"_ _186\"> </span>10<span class=\"_ _191\"> </span>18<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>28\ue61f\ue61bLes <span class=\"_ _3\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>(indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>fin <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>locaux) des activit\u00e9s poursuivies.10.2<span class=\"_ _4d\"> </span>Risques et litigesGRI<span class=\"ffb55 fc1 ls4b ws4b\"> [2</span>\u201125 Processus de r<span class=\"_ _0\"></span>em\u00e9diation des impacts n\u00e9gatifs] [2\u201127 Conformit\u00e9 aux l\u00e9gislations e<span class=\"_ _0\"></span>t aux r\u00e9glementations]D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>courante, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>f<span class=\"_ _0\"></span>aire <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_\"> </span>de proc\u00e9dures <span class=\"_ _3b\"></span>judiciaires <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>contr\u00f4les <span class=\"_ _3b\"></span>fiscaux, <span class=\"_ _37\"></span>douaniers <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>administratifs. Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe enregistre une provision <span class=\"_ _3\"></span>chaque fois <span class=\"_ _3\"></span>qu\u2019un risque <span class=\"_ _3\"></span>constitue une </span>obligation <span class=\"_ _61\"> </span>vis-\u00e0-vis <span class=\"_ _61\"> </span>d\u2019un <span class=\"_ _60\"> </span>tiers <span class=\"_ _61\"> </span>dont <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>passif <span class=\"_ _61\"> </span>potentiel <span class=\"_ _60\"> </span>susceptible <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>en r\u00e9sulter <span class=\"_ _3\"></span>peut <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>estim\u00e9 <span class=\"_ _3b\"></span>avec <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>pr\u00e9cision <span class=\"_ _3\"></span>su\ue61esante. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>proc\u00e9dures <span class=\"_ _3b\"></span>en cours les plus significatives sont les suivantes\ue61d:Proc\u00e9dur<span class=\"_ _0\"></span>e fiscale au Br\u00e9silLes <span class=\"_\"> </span>autorit\u00e9s <span class=\"_ _44\"> </span>fiscales <span class=\"_\"> </span>Br\u00e9siliennes <span class=\"_\"> </span>ont <span class=\"_\"> </span>notifi\u00e9 <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Br<span class=\"_ _0\"></span>asil <span class=\"_\"> </span>Midia <span class=\"_\"> </span>E Entr<span class=\"_ _0\"></span>etenimento <span class=\"_ _44\"> </span>L<span class=\"_ _1\"></span>TD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>un <span class=\"_ _44\"></span>redr<span class=\"_ _0\"></span>essement <span class=\"_ _44\"> </span>fiscal <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>exercices <span class=\"_ _44\"></span>2014 <span class=\"_ _37\"></span>et 2015. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conteste <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>totalit\u00e9 <span class=\"_\"> </span>du <span class=\"_\"> </span>redressement <span class=\"_ _44\"> </span>devant <span class=\"_\"> </span>les <span class=\"_\"> </span>tribunaux comp\u00e9tents <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>eu <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>favorable <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cour <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>premi\u00e8re <span class=\"_ _3\"></span>instance. La <span class=\"_ _3b\"></span>Receita <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>ederal <span class=\"_ _3b\"></span>Brasil <span class=\"_ _3b\"></span>(autorit\u00e9 <span class=\"_ _3b\"></span>fiscale <span class=\"_ _3b\"></span>f\u00e9d\u00e9rale) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>fait <span class=\"_ _3b\"></span>appel <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva est en attente du jugement de cet appel.Association des anciens salari\u00e9s de RCA du Comt\u00e9 de T<span class=\"_ _49\"></span>aoyuanV<span class=\"_ _1\"></span>antiva, certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>lectric <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>poursuivis <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>une association <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>(ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>ayants<span class=\"ffb56\">\u2011</span>droits <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s) <span class=\"_ _44\"> </span>d\u2019une ancienne <span class=\"_ _65\"> </span>usine <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT<span class=\"_ _3\"></span>). <span class=\"_ _65\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>association <span class=\"_ _65\"> </span>soutient <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les plaignants <span class=\"_ _46\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>expos\u00e9s <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _61\"> </span>contaminants <span class=\"_ _46\"> </span>lorsqu\u2019ils <span class=\"_ _61\"> </span>vivaient <span class=\"_ _46\"> </span>et travaillaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019usine, <span class=\"_ _46\"> </span>ce <span class=\"_ _61\"> </span>qui <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>eux <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>caus\u00e9 <span class=\"_ _61\"> </span>diverses <span class=\"_ _46\"> </span>maladies, notamment des <span class=\"_ _3\"></span>cancers, ou a g\u00e9n\u00e9r\u00e9 <span class=\"_ _3\"></span>un stress \u00e9motionnel <span class=\"_ _3\"></span>li\u00e9 \u00e0 la <span class=\"_ _3\"></span>peur que leur <span class=\"_ _44\"></span>travail <span class=\"_ _37\"></span>et <span class=\"_ _44\"></span>leurs <span class=\"_ _37\"></span>conditions <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>vie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>l\u2019usine <span class=\"_ _37\"></span>n\u2019augmentent <span class=\"_ _37\"></span>le <span class=\"_ _44\"> </span>risque <span class=\"_ _37\"></span>de maladie.Apr\u00e8s <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>tribunal <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>appel <span class=\"_ _3b\"></span>devant <span class=\"_ _3b\"></span>la Haute <span class=\"_\"> </span>Cour <span class=\"_\"> </span>taiwanaise <span class=\"_ _46\"> </span>(premi\u00e8re <span class=\"_\"> </span>Cour <span class=\"_\"> </span>d\u2019appel), <span class=\"_\"> </span>la <span class=\"_\"> </span>Cour <span class=\"_ _46\"> </span>Supr\u00eame <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>aiwan, en ao\u00fbt\ue61d2018\ue61d:(i)a <span class=\"_ _60\"> </span>confirm\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _61\"> </span>Cour <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>aiwanaise <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>accorder 518\ue61dmillions <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>NTD <span class=\"_\"> </span>(15,8\ue61dmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>change <span class=\"_ _61\"> </span>en vigueur <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _60\"> </span>2022) <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>dommages <span class=\"_ _64\"> </span>et <span class=\"_ _61\"> </span>int\u00e9r\u00eats <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>260 plaignants\ue61d;(ii)a <span class=\"_ _3\"></span>cass\u00e9 <span class=\"_ _3\"></span>la d\u00e9cision <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demande <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>246 plaignants et <span class=\"_ _64\"> </span>renvoy\u00e9 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>affaire <span class=\"_ _64\"> </span>devant <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _64\"> </span>Cour <span class=\"_ _64\"> </span>taiwanaise <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>ces plaignants.General <span class=\"_ _44\"> </span>Electric <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>vers\u00e9 <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>T<span class=\"_ _f\"></span>ribunal <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>montant <span class=\"_ _47\"> </span>total <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>d\u00e9cision <span class=\"_\"> </span>en d\u00e9cembre\ue61d2019<span class=\"_ _0\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">5\ue61dmars 2020, la <span class=\"_ _3\"></span>Haute Cour taiwanaise <span class=\"_ _3\"></span>a statu\u00e9 <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>demande des <span class=\"_ _3\"></span>246 </span>plaignants <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>accord\u00e9 <span class=\"_ _37\"></span>54,7\ue61dmillions <span class=\"_ _37\"></span>NTD <span class=\"_ _44\"></span>(1,6\ue61dmillion <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"></span>au <span class=\"_ _3b\"></span>taux <span class=\"_ _44\"></span>de change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dommages <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>int\u00e9r\u00eats. Cette d\u00e9cision est en appel devant la Cour Supr<span class=\"_ _0\"></span>\u00eame de T<span class=\"_ _f\"></span>aiwan.En <span class=\"_ _61\"> </span>2016, <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>engag\u00e9 <span class=\"_ _61\"> </span>un <span class=\"_ _46\"> </span>nouveau <span class=\"_ _61\"> </span>proc\u00e8s <span class=\"_ _61\"> </span>contre <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>et certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Electric <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>nom <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nouveaux <span class=\"_ _3\"></span>membres<span class=\"_ _0\"></span>, faisant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>all\u00e9gations <span class=\"_\"> </span>pratiquement <span class=\"_\"> </span>identiques <span class=\"_ _47\"> </span>\u00e0 <span class=\"_\"> </span>celles <span class=\"_ _44\"> </span>port\u00e9es <span class=\"_\"> </span>lors <span class=\"_\"> </span>du premier <span class=\"_ _44\"></span>proc\u00e8s<span class=\"_ _0\"></span>. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>tribunal <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>aipei <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>d\u00e9lib\u00e9r\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>27\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2019 <span class=\"_ _44\"> </span>et accord\u00e9 environ 2,3\ue61dmilliards de NTD (<span class=\"_ _3\"></span>70\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 taux de change en <span class=\"_ _3b\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>int\u00e9r\u00eats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>retard. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _6c\"> </span>General <span class=\"_ _6b\"> </span>Electric <span class=\"_ _6c\"> </span>sont <span class=\"_ _6c\"> </span>tenus <span class=\"_ _6b\"> </span>conjointement <span class=\"_ _6c\"> </span>et <span class=\"_ _6c\"> </span>solidairement responsables<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>a <span class=\"_ _61\"> </span>interjet\u00e9 <span class=\"_ _46\"> </span>appel <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_ _46\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>la Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>ta\u00efwanaise en <span class=\"_ _3b\"></span>janvier\ue61d2020 et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61davril <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>a rendu un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>1,667\ue61dmilliard de <span class=\"_ _3\"></span>NTD <span class=\"_ _3\"></span>(51\ue61dmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>au taux de <span class=\"_ _3\"></span>change au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) pour <span class=\"_ _3\"></span>1\ue61d112 <span class=\"_ _3\"></span>plaintes. Cette <span class=\"_ _3\"></span>d\u00e9cision <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>en appel <span class=\"_ _3\"></span>devant <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>supr\u00eame <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>raison <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>saisie <span class=\"_ _3b\"></span>e\ue61cectu\u00e9e par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>certains <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>GE, <span class=\"_ _3\"></span>GE <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>d\u00e9pos\u00e9 <span class=\"_ _3\"></span>aupr\u00e8s <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>tribunal de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>a\u00efwan <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>garantie <span class=\"_ _3b\"></span>bancaire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>3\ue61dmilliards <span class=\"_ _3b\"></span>NTD <span class=\"_ _37\"></span>(91,7\ue61dmillions <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os au taux de change du 31\ue61dd\u00e9cembre 2022).V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>et <span class=\"_ _44\"></span>ses <span class=\"_ _37\"></span>filiales <span class=\"_ _37\"></span>a\ue61erment, <span class=\"_ _37\"></span>entre <span class=\"_ _37\"></span>autres, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>T<span class=\"_ _0\"></span>CETVT <span class=\"_ _44\"></span>a <span class=\"_ _37\"></span>exerc\u00e9 <span class=\"_ _3b\"></span>son activit\u00e9 <span class=\"_ _61\"> </span>moins <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>quatre <span class=\"_ _61\"> </span>ann\u00e9es <span class=\"_ _61\"> </span>apr\u00e8s <span class=\"_ _61\"> </span>son <span class=\"_ _60\"> </span>rachat <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>General Electric, <span class=\"_ _3b\"></span>tandis <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>General <span class=\"_ _3b\"></span>Electric <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>son <span class=\"_ _3b\"></span>pr\u00e9d\u00e9cesseur <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charge <span class=\"_ _3b\"></span>RCA Corporation, <span class=\"_\"> </span>ont <span class=\"_ _47\"> </span>poss\u00e9d\u00e9 <span class=\"_\"> </span>et <span class=\"_\"> </span>exploit\u00e9 <span class=\"_\"> </span>T<span class=\"_ _1\"></span>CETVT <span class=\"_\"> </span>pendant <span class=\"_\"> </span>une <span class=\"_\"> </span>vingtaine d\u2019<span class=\"_ _0\"></span>ann\u00e9es.D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>l\u2019hypoth\u00e8se <span class=\"_ _37\"></span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>l\u2019une <span class=\"_\"> </span>de <span class=\"_ _44\"></span>ses <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>serait <span class=\"_ _44\"> </span>finalement tenu <span class=\"_ _3\"></span>responsable ou <span class=\"_ _3\"></span>r\u00e8glerait <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>litige, les <span class=\"_ _3\"></span>montants <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>av\u00e9rer <span class=\"_ _3\"></span>\u00eatre \u00e9lev\u00e9s. <span class=\"_\"> </span><span class=\"ls4 ws4\">Il <span class=\"_\"> </span></span>y <span class=\"_\"> </span>a <span class=\"_\"> </span>actuellement <span class=\"_\"> </span>trop <span class=\"_\"> </span>d\u2019incertitudes <span class=\"_ _46\"> </span>pour <span class=\"_ _46\"> </span>\u00e9valuer <span class=\"_\"> </span>de <span class=\"_\"> </span>mani\u00e8re pr\u00e9cise le <span class=\"_ _3\"></span>montant que <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva ou l\u2019une <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>devrait r\u00e9gler dans <span class=\"_ _3\"></span>le cadre de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>proc\u00e9dures. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dispose <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rents moyens afin de <span class=\"_ _3\"></span>r\u00e9duire tout <span class=\"_ _3\"></span>risque, y compris <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>dommages et <span class=\"_ _3\"></span>int\u00e9r\u00eats qui <span class=\"_ _3\"></span>seraient dus par General E<span class=\"_ _0\"></span>lectric et autres.Enqu\u00eates et pr<span class=\"_ _0\"></span>oc\u00e8s dans l\u2019<span class=\"_ _0\"></span>affaire T<span class=\"_ _49\"></span>ubes cathodiques\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb56\">\u2011</span>UnisEn <span class=\"_ _44\"></span><span class=\"ls0 ws0\">septembre\ue61d2019<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>parties <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>d\u00e9fense <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>conclu <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>amendements </span>aux <span class=\"_ _6f\"> </span>accords <span class=\"_ _4c\"> </span>transactionnels <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>certaines <span class=\"_ _4c\"> </span>associations <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>acheteurs indirects<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"></span>lesquels <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>associations <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>accept\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>restituer <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>part r\u00e9duite <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>parties <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>d\u00e9fense, <span class=\"_ _3\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, avec <span class=\"_ _37\"></span>exclusion <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>demandeurs <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>neuf <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>am\u00e9ricains <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ces <span class=\"_ _44\"> </span>accords transactionnels amend\u00e9s<span class=\"_ _0\"></span>.\ue61dAlors que les accords transactionnels amend\u00e9s ont re\u00e7u l\u2019<span class=\"_ _1\"></span>approbation finale du <span class=\"_ _3\"></span>\u00ab\ue61dUS <span class=\"_ _3b\"></span>District <span class=\"_ _3\"></span>Court\ue61d\u00bb, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>associations <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acheteurs <span class=\"_ _3b\"></span>indirects <span class=\"_ _3\"></span>exclues <span class=\"_ _3\"></span>(les \u00e9tats <span class=\"_ _37\"></span>dits <span class=\"_ _37\"></span>Omitted <span class=\"_ _37\"></span>Repealer <span class=\"_ _37\"></span>(\u00ab\ue61dORS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Non<span class=\"_ _3\"></span></span><span class=\"ffb56\">\u2011</span>Repealer <span class=\"_ _3b\"></span>(\u00ab\ue61dNRS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>ont fait <span class=\"_\"> </span>appel <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision, <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>que <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dUS <span class=\"_ _46\"> </span>District Court\ue61d\u00bb <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>rejeter <span class=\"_ _66\"> </span>leurs <span class=\"_ _6f\"> </span>demandes <span class=\"_ _4c\"> </span>d\u2019intervenir <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>proc\u00e9dure d\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>r\u00e8glement <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>litige <span class=\"_ _44\"> </span>multidistrict, <span class=\"_ _44\"> </span>devant <span class=\"_ _44\"></span>la <span class=\"_ _44\"></span>cour d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _46\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dNinth <span class=\"_ _46\"> </span>Circuit\ue61d\u00bb. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>22\ue61dseptembre <span class=\"_ _46\"> </span>2021, <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>Ninth <span class=\"_\"> </span>Circuit <span class=\"_ _46\"> </span>a confirm\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>d\u00e9cisions <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>District <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>ourt <span class=\"_ _65\"> </span>concernant <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>accords transactionnels <span class=\"_ _3\"></span>amend\u00e9s. <span class=\"_ _3\"></span><span class=\"ls69 ws69\">Et<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>le <span class=\"_ _3b\"></span>23\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Ninth <span class=\"_ _3\"></span>Circuit <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>rejet\u00e9 les <span class=\"_ _37\"></span>requ\u00eates <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>classes <span class=\"_ _37\"></span>ORS <span class=\"_ _44\"></span>et <span class=\"_ _3b\"></span>NRS <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>nouvelle <span class=\"_ _37\"></span>audition <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une nouvelle <span class=\"_ _3\"></span>audition <span class=\"_ _3b\"></span>\u00ab\ue61den <span class=\"_ _3b\"></span>banc\ue61d\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>classes <span class=\"_ _3b\"></span>ORS <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>NRS <span class=\"_ _3b\"></span>ont <span class=\"_ _3b\"></span>demand\u00e9 <span class=\"_ _3\"></span>une certiorari/r\u00e9vision <span class=\"_\"> </span>par <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Cour <span class=\"_\"> </span>supr\u00eame <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>\u00c9tats<span class=\"ffb56\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>refus\u00e9 <span class=\"_ _61\"> </span>la certiorari/r\u00e9vision <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>13\ue61djuin <span class=\"_ _37\"></span>2022. <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>n\u2019est <span class=\"_ _3b\"></span>maintenant <span class=\"_ _3b\"></span>techniquement plus <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les a\ue61caires <span class=\"_ _3\"></span>CRT<span class=\"_ _f\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>16\ue61dseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cependant, <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>motion visant <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>modifier <span class=\"_ _64\"> </span>une <span class=\"_ _60\"> </span>plainte <span class=\"_ _60\"> </span>collective <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>acheteurs <span class=\"_ _64\"> </span>indirects <span class=\"_ _61\"> </span>d\u00e9pos\u00e9e pr\u00e9c\u00e9demment a \u00e9t\u00e9 d\u00e9pos\u00e9e dans <span class=\"_ _3\"></span>le tribunal de district MDL <span class=\"_ _3\"></span>au nom des membres <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>classe <span class=\"_\"> </span>repr\u00e9sentant <span class=\"_\"> </span>plusieurs <span class=\"_\"> </span>\u00c9tats<span class=\"_ _0\"></span>. <span class=\"_\"> </span>La <span class=\"_\"> </span>plainte <span class=\"_ _46\"> </span>modifi\u00e9e propos\u00e9e <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>nomme <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tant <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>d\u00e9fendeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>all\u00e8gue <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>se <span class=\"_ _3\"></span>r\u00e9serve <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>droit <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>modifier <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>nouveau <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>plainte <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir <span class=\"_ _3\"></span>et de <span class=\"_ _61\"> </span>nommer <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>tant <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>d\u00e9fendeur<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>d\u00e9fendeurs <span class=\"_ _61\"> </span>qui <span class=\"_ _60\"> </span>sont nomm\u00e9s <span class=\"_ _3b\"></span>dans <span class=\"_ _37\"></span>cette <span class=\"_ _3b\"></span>proposition <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>plainte <span class=\"_ _3b\"></span>modifi\u00e9e <span class=\"_ _37\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>oppos\u00e9s <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la motion. <span class=\"ls4 ws4\">Le </span>District Court n\u2019<span class=\"_ _1\"></span>a pas encore statu\u00e9 sur cette question.Eur<span class=\"_ _0\"></span>opeDepuis <span class=\"_ _61\"> </span>2014, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>se <span class=\"_ _60\"> </span>d\u00e9fend <span class=\"_ _64\"> </span>\u00e9galement <span class=\"_ _60\"> </span>avec <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>d\u00e9fendeurs (Samsung, <span class=\"_ _60\"> </span><span class=\"ls7a ws7a\">LG<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>Philips, <span class=\"_ _60\"> </span><span class=\"ffb5d ls4 ws4\">etc.<span class=\"_ _3\"></span></span>), <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>plusieurs <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>justice <span class=\"_ _60\"> </span>devant diverses <span class=\"_ _3b\"></span>juridictions <span class=\"_ _37\"></span>nationales <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"></span></span>europ\u00e9ens. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>s\u2019agit <span class=\"_ _3b\"></span>principalement d\u2019<span class=\"_ _0\"></span>all\u00e9gation de pratiques anticoncurrentielles dans <span class=\"_ _3\"></span>l\u2019industrie des CRT dans le <span class=\"_ _3\"></span>sillage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Commission <span class=\"_ _3\"></span>Europ\u00e9enne <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2012 en <span class=\"_ _65\"> </span>vertu <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>laquelle <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>a <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>condamn\u00e9 <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>amende <span class=\"_ _66\"> </span>de 38,6\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>r\u00e9sultant <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>d\u2019entente<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>litiges <span class=\"_ _3b\"></span>toujours <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours sont les suivants<span class=\"_ _0\"></span>.Aux <span class=\"_ _37\"></span><span class=\"ls3 ws3\">Pa<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas, <span class=\"_ _37\"></span>une <span class=\"_ _44\"> </span>proc\u00e9dure <span class=\"_ _37\"></span>judiciaire <span class=\"_ _44\"></span>engag\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>V<span class=\"_ _f\"></span>estel, <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>fabricant turc <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>t\u00e9l\u00e9viseurs, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vertu <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3b\"></span>turque <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>toujours <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours. <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>estel <span class=\"_ _3\"></span>a \u00e9galement <span class=\"_ _61\"> </span>intent\u00e9 <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>poursuites <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>urquie, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>rejet\u00e9es <span class=\"_ _61\"> </span>en premi\u00e8re <span class=\"_ _44\"> </span>instance <span class=\"_\"> </span>puis <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>cour <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _44\"> </span>r\u00e9gionale <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9cembre\ue61f2020 ainsi <span class=\"_ _3\"></span>qu\u2019<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>f\u00e9vrier\ue61f2021. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>estel <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>port\u00e9 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>devant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>Supr\u00eame \u00e0 l\u2019<span class=\"_ _0\"></span>encontre de cette d\u00e9cision ayant rejet\u00e9 sa demande de f<span class=\"_ _0\"></span>aire appel.\u00c0 <span class=\"_ _3\"></span>ce <span class=\"_ _3b\"></span>stade, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>mesure <span class=\"_ _3\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluer <span class=\"_ _3b\"></span>l\u2019issue <span class=\"_ _3\"></span>\u00e9ventuelle <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces a\ue61eaires <span class=\"_ _3\"></span>ni <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>risques <span class=\"_ _3\"></span>encourus <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>raison <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>complexit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>proc\u00e9dures<span class=\"_ _0\"></span>. Selon <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>juridictions, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>d\u00e9cisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>responsabilit\u00e9 <span class=\"_ _3\"></span>puis, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>\u00e9ch\u00e9ant sur <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>dommages <span class=\"_\"> </span>ne <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>attendues <span class=\"_ _44\"> </span>avant <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>premier trimestre 2023.V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>se <span class=\"_ _61\"> </span>d\u00e9fendait <span class=\"_ _61\"> </span>\u00e9galement <span class=\"_ _61\"> </span>(i) <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>a\ue61eaire <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>Roy<span class=\"_ _0\"></span>aume<span class=\"ffb5e\">\u2011</span>Uni contre <span class=\"_ _44\"> </span>Arcelik, <span class=\"_ _44\"></span>un <span class=\"_ _44\"> </span>fabricant <span class=\"_ _44\"></span>turc, <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>transig\u00e9e <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>f\u00e9vrier\ue61f2020, <span class=\"_ _47\"> </span>(ii) deux <span class=\"_ _65\"> </span>litiges <span class=\"_ _65\"> </span>contre <span class=\"_ _65\"> </span>trois <span class=\"_ _65\"> </span>anciens <span class=\"_ _64\"> </span>fabricants <span class=\"_ _65\"> </span>allemands <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>t\u00e9l\u00e9viseurs (<span class=\"_ _0\"></span>Grundig <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>Loewe/Metz) en <span class=\"_ _3\"></span>vertu <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>droit allemand <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 transig\u00e9s en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2020, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(iii) <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>litiges <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span><span class=\"ls3 ws3\">Pay<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas <span class=\"_ _3b\"></span>contre <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>fabricants br\u00e9siliens <span class=\"_ _6c\"> </span>de <span class=\"_ _1c7\"> </span>t\u00e9l\u00e9viseurs <span class=\"_ _2a\"> </span>qui <span class=\"_ _2a\"> </span>ont <span class=\"_ _1c7\"> </span>\u00e9t\u00e9 <span class=\"_ _2a\"> </span>\u00e9galement <span class=\"_ _2a\"> </span>transig\u00e9s <span class=\"_ _2a\"> </span>en novembre\ue61f2021.Questions environnementalesCertains sites actuels et pass\u00e9s de fabrication du Gr<span class=\"_ _0\"></span>oupe ont un long pass\u00e9 industriel. Les <span class=\"_ _3\"></span>contaminations des <span class=\"_ _3\"></span>sols <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>eaux <span class=\"_ _3\"></span>souterraines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>se sont d\u00e9j\u00e0 produites <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>quelques sites, <span class=\"_ _3\"></span>pourraient se <span class=\"_ _3\"></span>produire \u00e0 <span class=\"_ _3\"></span>nouveau ou <span class=\"_ _3\"></span>\u00eatre d\u00e9couvertes <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir<span class=\"_ _1\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>rejets <span class=\"_ _3\"></span>industriels <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>que V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cr\u00e9\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>acquis <span class=\"_ _3b\"></span>exposent <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pollution. Le <span class=\"ls0 ws0\">Groupe a <span class=\"_ _3\"></span>identifi\u00e9 certains sites <span class=\"_ _3\"></span>dont la contamination chimique <span class=\"_ _3\"></span>a exig\u00e9 </span>ou <span class=\"ls4 ws4\">va </span>exiger la mise en \u0153uvre de mesures de d\u00e9pollution.Une <span class=\"_ _44\"> </span>contamination <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>sol <span class=\"_ _47\"> </span>et <span class=\"_ _44\"></span>des <span class=\"_ _44\"> </span>eaux <span class=\"_ _44\"> </span>souterraines <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>d\u00e9tect\u00e9e <span class=\"_ _44\"> </span>pr\u00e8s d\u2019un <span class=\"_ _44\"> </span>ancien <span class=\"_ _47\"> </span>site <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>fabrication, <span class=\"_ _44\"> </span>situ\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"></span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _44\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan) <span class=\"_ _44\"> </span>acquis <span class=\"_\"> </span>en\ue61f1987 dans le cadre d\u2019une op\u00e9ration entre Gener<span class=\"_ _0\"></span>al Electric (<span class=\"_ _0\"></span>GE) et <span class=\"_ _3\"></span>le Groupe<span class=\"_ _0\"></span>. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>1992, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>site <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>un promoteur <span class=\"_ _3b\"></span>local. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>d\u00e9pollution <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>sol <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 achev\u00e9e <span class=\"_ _2a\"> </span>en\ue61f1998. <span class=\"_ _1c7\"> </span>En\ue61f2002, <span class=\"_ _2a\"> </span>l\u2019<span class=\"_ _1\"></span>Agence <span class=\"_ _2a\"> </span>Locale <span class=\"_ _2a\"> </span>de <span class=\"_ _1c7\"> </span>Protection <span class=\"_ _2a\"> </span>de l\u2019Envir<span class=\"_ _0\"></span>onnement <span class=\"_ _61\"> </span>(\u00ab\ue61fALPE\ue61f\u00bb) <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>ordonn\u00e9 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>d\u00e9pollution <span class=\"_ _61\"> </span>des nappes <span class=\"_ _60\"> </span>phr\u00e9atiques <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ancien <span class=\"_ _64\"> </span>site<span class=\"_ _0\"></span>. <span class=\"_ _64\"> </span>Les <span class=\"_ _61\"> </span>travaux <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>satisfaire <span class=\"_ _60\"> </span>cette demande sont <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>ALPE <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT poursuivent <span class=\"_ _3\"></span>leurs <span class=\"_ _3\"></span>discussions sur <span class=\"_ _37\"></span>le <span class=\"_ _44\"></span>p\u00e9rim\u00e8tre <span class=\"_ _3b\"></span>des <span class=\"_ _44\"> </span>travaux <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _44\"> </span>engager<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>trouv\u00e9 <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>accord <span class=\"_ _37\"></span>avec GE <span class=\"_\"> </span>pour <span class=\"_\"> </span>se <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9partir <span class=\"_\"> </span>la <span class=\"_\"> </span>prise <span class=\"_\"> </span>en <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ge <span class=\"_\"> </span>des <span class=\"_\"> </span>travaux <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pollution <span class=\"_\"> </span>des nappes phr\u00e9atiques<span class=\"_ _0\"></span>.De <span class=\"_ _3\"></span><span class=\"ls0 ws0\">m\u00eame, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>vend ou <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vendu <span class=\"_ _3\"></span>dans le <span class=\"_ _3\"></span>pass\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>produits qui <span class=\"_ _3\"></span>sont </span>soumis <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>contraintes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recyclage, et, <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des changements <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9glementation <span class=\"_\"> </span>en <span class=\"_ _44\"></span>mati\u00e8re <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>recyclage <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>divers pays.Le <span class=\"_ _66\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _65\"> </span>estime <span class=\"_ _65\"> </span>que <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>montants <span class=\"_ _65\"> </span>provisionn\u00e9s <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>les <span class=\"_ _65\"> </span>garanties </span>contractuelles <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>il <span class=\"_ _37\"></span>dispose <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>contrats <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>de certains <span class=\"_ _64\"> </span>actifs <span class=\"_ _65\"> </span>industriels <span class=\"_ _64\"> </span>permettront <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>couvrir <span class=\"_ _64\"> </span>raisonnablement <span class=\"_ _65\"> </span>les obligations <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>s\u00e9curit\u00e9, <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>sant\u00e9 <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>environnement. <span class=\"_ _61\"> </span>Cependant, <span class=\"_ _61\"> </span>les probl\u00e8mes <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>pr\u00e9vus <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>certitude <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est pas <span class=\"_ _61\"> </span>possible <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>dire <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>montants <span class=\"_ _61\"> </span>provisionn\u00e9s <span class=\"_ _61\"> </span>seront <span class=\"_ _61\"> </span>parfaitement adapt\u00e9s.Note 11<span class=\"_ _bc\"> </span>Op\u00e9rations sp\u00e9cifiques pr<span class=\"_ _0\"></span>\u00e9sent\u00e9es dans le tableau des\ue61ff<span class=\"_ _3\"></span>lux de tr\u00e9sor<span class=\"_ _0\"></span>erie consolid\u00e9s11.<span class=\"_ _1\"></span>1<span class=\"_ _85\"> </span>I<span class=\"_ _0\"></span>mpact en tr\u00e9sorerie des op\u00e9r<span class=\"_ _0\"></span>ations de ren\u00e9gociation de la dette et de financement(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffb65 fc1\">2021\ue662*</span>(1)Augmentation de la dette financi\u00e8re non courante\ue61f<span class=\"_ _11d\"> </span>356<span class=\"_ _19\"> </span>-(2)Remboursement de la dette non courante aux cr<span class=\"_ _0\"></span>\u00e9anciers\ue61f<span class=\"_ _305\"> </span>(1\ue61f138)<span class=\"_ _19\"> </span>-Flux de tr\u00e9sorerie li\u00e9s \u00e0 la dette \ue75cnanci\u00e8re non cour<span class=\"_ _0\"></span>ante<span class=\"_ _76\"> </span><span class=\"ffb66\">(782)<span class=\"_ _19\"> </span>-</span>Augmentation de la dette financi\u00e8re courante<span class=\"_ _360\"> </span>-<span class=\"_ _19\"> </span>-(3)Remboursement de la dette courante aux cr<span class=\"_ _0\"></span>\u00e9anciers\ue61f<span class=\"_ _160\"> </span>(22)<span class=\"_ _12c\"> </span>(<span class=\"_ _3\"></span>29)Flux de tr\u00e9sorerie li\u00e9s \u00e0 la dette \ue75cnanci\u00e8re cour<span class=\"_ _0\"></span>ante<span class=\"_ _361\"> </span><span class=\"ffb66\">(22)<span class=\"_ _7\"> </span>(29)</span>(4)Augmentation de capital\ue61f<span class=\"_ _362\"> </span>284<span class=\"_ _19\"> </span>-(5)Fr<span class=\"_ _0\"></span>ais li\u00e9s aux op\u00e9rations de financement et autres\ue61f<span class=\"_ _2ea\"> </span>1<span class=\"_ _32\"> </span>(5)IMP<span class=\"_ _0\"></span>ACT NET SUR LA V<span class=\"_ _1\"></span>ARIA<span class=\"_ _0\"></span>TION DE LA TR\u00c9SORERIE DE FINANCEMENT DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S (518)<span class=\"_ _7\"> </span>(34)POURSUIVIES(6)Augmentation de la dette financi\u00e8re\ue61f<span class=\"_ _309\"> </span><span class=\"ls53 ws53\">575<span class=\"_ _19\"> </span></span>-(7)Remboursement de la dette aux cr\u00e9anciers\ue61f<span class=\"_ _363\"> </span>(31)<span class=\"_ _28d\"> </span>(<span class=\"_ _3\"></span>35)IMP<span class=\"_ _0\"></span>ACT NET SUR LA V<span class=\"_ _1\"></span>ARIA<span class=\"_ _0\"></span>TION DE LA TR\u00c9SORERIE DE FINANCEMENT DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S 544<span class=\"_ _7\"> </span>(35)ARR\u00caT\u00c9ES OU EN COURS DE CESSION* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1) <span class=\"ls6d ws6d\">En </span>2022, l\u2019augmentation de la de<span class=\"_ _0\"></span>tte financi\u00e8re est li\u00e9e \u00e0 375\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros de financement fourni par Barcla<span class=\"_ _0\"></span>ys <span class=\"ls5e ws5e\">et </span>Angelo Gordon diminu\u00e9 des primes d\u2019<span class=\"_ _0\"></span>\u00e9missions <span class=\"ls5e ws5e\">et<span class=\"_ _3\"></span> </span>des frais<span class=\"_ _0\"></span>.(2) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, remboursement de la de<span class=\"_ _0\"></span>tte de Sauvegarde.(3) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, 22\ue61dmillions li\u00e9s au remboursement de dett<span class=\"_ _0\"></span>e des contrats de location.En <span class=\"ls0 ws0\">2021, 29\ue61dmillions de dette des contrats de location ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>rembours\u00e9s<span class=\"_ _0\"></span>.</span>(4) <span class=\"ls6d ws6d\">En </span>2022, V<span class=\"_ _1\"></span>antiva a augment\u00e9 son capital dans le cadre de son <span class=\"_ _0\"></span>refinancement.(5) <span class=\"_\"> </span>L<span class=\"_ _0\"></span>es <span class=\"_\"> </span>frais <span class=\"_ _37\"> </span><span class=\"ls5e ws5e\">pay\u00e9s <span class=\"_\"> </span></span>li\u00e9s <span class=\"_\"> </span>au <span class=\"_ _37\"> </span>refinancement <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>de<span class=\"_ _0\"></span>tte <span class=\"_\"> </span>du <span class=\"_\"> </span>gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>ont <span class=\"_ _37\"> </span><span class=\"ls63 ws63\">\u00e9<span class=\"_ _3\"></span>t\u00e9 <span class=\"_\"> </span></span>comptabilis<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>comme <span class=\"_\"> </span>des <span class=\"_ _37\"> </span>\ufb02ux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>financement <span class=\"_\"> </span>pour <span class=\"_ _37\"> </span>5\ue61dmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>en <span class=\"_\"> </span>2022. <span class=\"_\"> </span><span class=\"ls6d ws6d\">En <span class=\"_\"> </span></span>2021, <span class=\"_ _37\"> </span>il <span class=\"_\"> </span>s\u2019<span class=\"_ _0\"></span>agissait principalement d\u2019honorair<span class=\"_ _0\"></span>es li\u00e9s \u00e0 la restructuration financi\u00e8re du Groupe<span class=\"_ _0\"></span>.(6) <span class=\"ls63 ws63\">Le </span>15\ue61dseptembr<span class=\"_ _0\"></span>e 2022, un cr\u00e9dit \u00e0 terme \u00e0 taux variable de 623\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros a <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>\u00e9mis pour <span class=\"ls99 ws99\">TC<span class=\"_ _3\"></span>S,<span class=\"_ _3\"></span> </span>cette op\u00e9ration faisant partie du plan de r<span class=\"_ _0\"></span>efinancement.(7) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, 27\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros sont li\u00e9s \u00e0 des remboursements de dett<span class=\"_ _0\"></span>es des contrats de bail.En <span class=\"ls0 ws0\">2021, 35\ue61dmillions d\u2019eur<span class=\"_ _0\"></span>os sont li\u00e9s \u00e0 des remboursements de dettes des contr<span class=\"_ _0\"></span>ats de bail.</span>\ue61fLes tableaux ci<span class=\"ffb68\">\u2011</span>dessous r\u00e9capitulent la v<span class=\"_ _0\"></span>ariation des dettes financi\u00e8res du Groupe au bilan\ue61f:Flux de tr\u00e9sorerie de T<span class=\"_ _f\"></span>ransfert la dette V<span class=\"_ _1\"></span>ariation Change et courant31\ue662d\u00e9cembre \ue75cnan-des\ue662contrats Ajustement Charges \u00e9cart de V<span class=\"_ _1\"></span>ariation de \ue662- non 31\ue662d\u00e9cembre (1)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2021ci\u00e8re\ue662de\ue662locationIFRSd\u2019int\u00e9r\u00eatconversionp\u00e9rim\u00e8trecourant2022Dettes financi\u00e8res non 1\ue61f025<span class=\"_ _2f\"> </span>(<span class=\"_ _3\"></span>222)<span class=\"_ _d7\"> </span>-<span class=\"_ _c2\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _94\"> </span></span>44<span class=\"_ _58\"> </span>5<span class=\"_ _26\"> </span>(565)<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>363courantesDettes financi\u00e8res cour<span class=\"_ _0\"></span>antes<span class=\"_ _d1\"> </span>17<span class=\"_ _16a\"> </span>11<span class=\"_ _194\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _1a6\"> </span>(14)<span class=\"_ _194\"> </span>-<span class=\"_ _94\"> </span>(15)<span class=\"_ _ae\"> </span>-<span class=\"_ _1b5\"> </span>1T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 1\ue662042<span class=\"_ _11\"> </span><span class=\"ffb66\">(<span class=\"_ _3\"></span>211)<span class=\"_ _d7\"> </span>-<span class=\"_ _c8\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _12\"> </span></span>29<span class=\"_ _1da\"> </span>6<span class=\"_ _6d\"> </span>(580)<span class=\"_ _ae\"> </span>-<span class=\"_ _ae\"> </span>364</span>FINANCI\u00c8RESDettes de loyers 145<span class=\"_ _a9\"> </span>(39)<span class=\"_ _c8\"> </span>66<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>10<span class=\"_ _2c9\"> </span>(145)<span class=\"_ _5c\"> </span>6<span class=\"_ _186\"> </span>44non\ue61fcourantesDettes de loyers cour<span class=\"_ _0\"></span>antes<span class=\"_ _d7\"> </span>48<span class=\"_ _12\"> </span>(10)<span class=\"_ _186\"> </span>3<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _d7\"> </span>1<span class=\"_ _69\"> </span>(12)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _191\"> </span></span>23T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 192<span class=\"_ _8c\"> </span>(49)<span class=\"_ _5c\"> </span>69<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>11<span class=\"_ _1a6\"> </span>(157)<span class=\"_ _189\"> </span>0<span class=\"_ _58\"> </span>66DE\ue662L<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>YERS(1) <span class=\"ls6d ws6d\">En </span>2022, 544\ue61dmillions d\u2019eur<span class=\"_ _0\"></span>os sont \u00e0 des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession.T<span class=\"_ _f\"></span>ransfert en Flux de passifs relatifs tr\u00e9sorerie de V<span class=\"_ _1\"></span>ariation E\ue75bet de la Change et aux actifs 31\ue662d\u00e9cembre la dette des\ue662contrats restructuration Charges \u00e9cart de destin\u00e9s \u00e0 \u00eatre 31\ue662d\u00e9cembre (1)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2020\ue75cnanci\u00e8re\ue662de\ue662location\ue75cnanci\u00e8red\u2019int\u00e9r\u00eatconversionc\u00e9d\u00e9s2021Dettes financi\u00e8res non cour<span class=\"_ _0\"></span>antes<span class=\"_ _ab\"> </span>948<span class=\"_ _1b5\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _185\"> </span>15<span class=\"_ _89\"> </span>46<span class=\"_ _185\"> </span>16<span class=\"_ _17d\"> </span>-<span class=\"_ _ab\"> </span>1\ue61f025Dettes financi\u00e8res cour<span class=\"_ _0\"></span>antes<span class=\"_ _197\"> </span>16<span class=\"_ _1b5\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _d7\"> </span>1<span class=\"_ _1b5\"> </span>1<span class=\"_ _1b5\"> </span>-<span class=\"_ _193\"> </span>17T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 964<span class=\"_ _17d\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _191\"> </span>15<span class=\"_ _5c\"> </span>47<span class=\"_ _185\"> </span>17<span class=\"_ _17d\"> </span>-<span class=\"_ _18f\"> </span><span class=\"ffb6f\">1\ue662042</span>FINANCI\u00c8RESDettes de loyers non cour<span class=\"_ _0\"></span>antes<span class=\"_ _aa\"> </span>122<span class=\"_ _5c\"> </span>(52)<span class=\"_ _185\"> </span>61<span class=\"_ _1b5\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _191\"> </span>10<span class=\"_ _97\"> </span>3<span class=\"_ _16a\"> </span>145Dettes de loyers cour<span class=\"_ _0\"></span>antes<span class=\"_ _15f\"> </span>56<span class=\"_ _c2\"> </span>(12)<span class=\"_ _97\"> </span>5<span class=\"_ _1b5\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1b5\"> </span>1<span class=\"_ _aa\"> </span>(2)<span class=\"_ _186\"> </span>48T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 178<span class=\"_ _189\"> </span><span class=\"ls0 ws0\">(64)<span class=\"_ _186\"> </span>67<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1b4\"> </span>11<span class=\"_ _17d\"> </span>1<span class=\"_ _d1\"> </span>192</span>DE\ue662L<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>YERS(1) <span class=\"ls6d ws6d\">En </span>2021, 36\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os sont li\u00e9s \u00e0 des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession.\ue61f11.2<span class=\"_ _70\"> </span>Obligations contr<span class=\"_ _0\"></span>actuelles et engagements commerciauxLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>donne <span class=\"_ _37\"> </span>certaines <span class=\"_ _44\"> </span>garanties <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>tiers <span class=\"_ _44\"> </span>(institutions <span class=\"_ _37\"> </span>financi\u00e8res, </span>clients, <span class=\"_ _3b\"></span>partenaires <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>agences <span class=\"_ _37\"></span>gouvernementales) <span class=\"_ _37\"></span>afin <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>bonne ex\u00e9cution des obligations contractuelles prises par V<span class=\"_ _1\"></span>antiva et par <span class=\"_ _3\"></span>ses filiales consolid\u00e9es <span class=\"_ _64\"> </span>dans <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>cadre <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>ses <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>ordinaires. <span class=\"_ _64\"> </span>Ces <span class=\"_ _64\"> </span>garanties n\u2019<span class=\"_ _0\"></span>augmentent <span class=\"_ _28\"> </span>pas <span class=\"_ _6f\"> </span>les <span class=\"_ _28\"> </span>engagements <span class=\"_ _28\"> </span>du <span class=\"_ _28\"> </span>Groupe <span class=\"_ _6f\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _6f\"> </span>aux engagements <span class=\"_ _6b\"> </span>pris <span class=\"_ _6c\"> </span>initialement <span class=\"_ _6c\"> </span>par <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>entit\u00e9s <span class=\"_ _6c\"> </span>concern\u00e9es. <span class=\"_ _6b\"> </span>Ces engagements (lettres de cr\u00e9dit) r<span class=\"_ _0\"></span>epr\u00e9sentent 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 fin 2022.D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _37\"> </span>courante, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>segment <span class=\"_ _44\"> </span>Solutions <span class=\"_ _37\"> </span>logistiques peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>donner <span class=\"_\"> </span>des <span class=\"_\"> </span>garanties <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>ses <span class=\"_\"> </span>clients, <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>produits stock\u00e9s <span class=\"_ _37\"> </span>puis <span class=\"_ _44\"> </span>distribu\u00e9s, <span class=\"_ _37\"></span>contre <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>risques <span class=\"_ _44\"> </span>ou <span class=\"_ _37\"> </span>pr\u00e9judices <span class=\"_ _44\"> </span>qui <span class=\"_ _37\"> </span>peuvent <span class=\"_ _44\"> </span>\u00eatre encourus <span class=\"_ _37\"> </span>lors <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>cr\u00e9ation, <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>stockage <span class=\"_ _37\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>distribution. <span class=\"_ _37\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>telles garanties sont couvertes par des contr<span class=\"_ _0\"></span>ats d\u2019assur<span class=\"_ _0\"></span>ance.Diverses <span class=\"_\"> </span>gar<span class=\"_ _0\"></span>anties <span class=\"_ _46\"> </span>ont <span class=\"_\"> </span>\u00e9galement <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>donn\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>administrations <span class=\"_\"> </span>des douanes <span class=\"_\"> </span>afin <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>exon\u00e9rer <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>douanes <span class=\"_\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_\"> </span>op\u00e9r<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>de transit <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>entrep\u00f4ts <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>douanes <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>vue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"> </span>r\u00e9exportation, <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>des garanties <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>transit <span class=\"_ _3b\"></span>afin <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>droits <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>douanes <span class=\"_ _37\"></span>ne <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>pay\u00e9s <span class=\"_ _37\"></span>que sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>lieu <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>livraison <span class=\"_ _3b\"></span>final <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"> </span></span>d\u2018importation. <span class=\"_ _37\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces garanties <span class=\"_ _65\"> </span>bancaires <span class=\"_ _65\"> </span>co\u00efncide <span class=\"_ _66\"> </span>avec <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_ _66\"> </span>des <span class=\"_ _65\"> </span>accords <span class=\"_ _65\"> </span>douaniers renouvelables mensuellement.Les <span class=\"_ _44\"> </span>garanties <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>engagements <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>achat <span class=\"_\"> </span>re\u00e7us <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>72\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61fd\u00e9cembre 2021 sont <span class=\"_ _3\"></span>tous transf\u00e9r\u00e9s en raison de la cession <span class=\"_ _3\"></span>de Licences de Marques<span class=\"_ _0\"></span>.Note 12<span class=\"_ _c7\"> </span>Activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cession et activit\u00e9s destin\u00e9es \u00e0 \u00eatre c\u00e9d\u00e9es12.<span class=\"_ _1\"></span>1<span class=\"_ _7b\"> </span>Activit\u00e9s arr\u00eat\u00e9es ou en cours de cessionUne <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>arr<span class=\"_ _0\"></span>\u00eat\u00e9e <span class=\"_\"> </span>ou <span class=\"_\"> </span>en <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>cession <span class=\"_ _47\"> </span>est <span class=\"_\"> </span>une <span class=\"_ _47\"> </span>composante <span class=\"_\"> </span>du Groupe <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>celui<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>s\u00e9par\u00e9 <span class=\"_ _3b\"></span>(par <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>mani\u00e8re) ou qui est d\u00e9tenue en vue de sa vente.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019IFRS\ue61f5, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>class\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u00ab\ue61fActivit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou en cours de cession\ue61f\u00bb,\ue61f:\u2022les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>doivent <span class=\"_ _3b\"></span>avoir <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>pr\u00e9alablement <span class=\"_ _3b\"></span>class\u00e9es en \u00ab\ue61fActifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f\u00bb\ue61f;\u2022les <span class=\"_ _37\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>cours <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _37\"> </span>doivent <span class=\"_ _44\"> </span>\u00eatre <span class=\"_ _37\"></span>clairement distingu\u00e9es <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>reste <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plan <span class=\"_ _44\"> </span>op\u00e9rationnel <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la communication d\u2019informations financi\u00e8res\ue61f;\u2022celles<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _37\"></span>doivent <span class=\"_ _37\"></span>repr\u00e9senter <span class=\"_ _3b\"></span>une <span class=\"_ _44\"> </span>ligne <span class=\"_ _3b\"></span>d\u2019activit\u00e9 <span class=\"_ _3b\"></span>significative <span class=\"_ _37\"> </span>(ou <span class=\"_ _37\"> </span>une r\u00e9gion g\u00e9ographique principale et distincte)\ue61f; et\u2022faire partie d\u2019un plan de cession ou d\u2019ab<span class=\"_ _0\"></span>andon <span class=\"_ _3\"></span>unique et coordonn\u00e9 ou \u00eatre une filiale acquise exclusivement dans le but de la r<span class=\"_ _0\"></span>evente.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">r\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 </span>sur <span class=\"_ _3\"></span>une ligne <span class=\"_ _3\"></span>distincte <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>compte de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>une analyse <span class=\"_ _3\"></span>d\u00e9taill\u00e9e <span class=\"_ _3\"></span>de ce montant <span class=\"_ _44\"> </span>\u00e9tant <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>ci<span class=\"ffb78\">\u2011</span>dessous<span class=\"_ _0\"></span>. <span class=\"_ _47\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>exercices pr\u00e9c\u00e9dents fait alors l\u2019<span class=\"_ _0\"></span>objet de reclassements pour pr\u00e9senter sur une ligne distincte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>le tableau des \ufb02ux de tr\u00e9sorerie, les \ufb02ux li\u00e9s \u00e0 ces activit\u00e9s <span class=\"_ _3\"></span>sont pr\u00e9sent\u00e9s de mani\u00e8re s\u00e9par\u00e9e des \ufb02ux des activit\u00e9s poursuivies<span class=\"_ _0\"></span>.Lorsqu\u2019un actif <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ou <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>groupe d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ne <span class=\"_ _3\"></span>remplit plus <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>crit\u00e8res <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _44\"> </span>d\u00e9tenus <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>vue <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_\"> </span>ils <span class=\"_ _44\"> </span>cessent <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00eatre class\u00e9s dans cette rubrique.D<span class=\"_ _0\"></span>ans ce cas, ils sont \u00e9valu\u00e9s au plus bas entre\ue61f:\u2022la <span class=\"_\"> </span>valeur <span class=\"_ _47\"> </span>comptable <span class=\"_\"> </span>av<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>classement <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actif<span class=\"_ _3b\"></span>) comme <span class=\"_ _3b\"></span>d\u00e9tenu <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>vue <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>vente, <span class=\"_ _3b\"></span>ajust\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>amortissement <span class=\"_ _3b\"></span>qui aurait <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs) n\u2019<span class=\"_ _0\"></span>avait <span class=\"_ _3b\"></span>pas <span class=\"_ _3\"></span>\u00e9t\u00e9 class\u00e9 comme d\u00e9tenu en vue de la vente\ue61f; et\u2022sa valeur recouvrable \u00e0 la date de d\u00e9cision de ne plus vendr<span class=\"_ _0\"></span>e. La valeur recouvrable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>haute <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>march\u00e9 <span class=\"_ _3\"></span>nette des co\u00fbts de cession et la valeur d\u2019utilit\u00e9.T<span class=\"_ _23\"></span>out <span class=\"_ _44\"> </span>ajustement <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>comptable <span class=\"_ _37\"> </span>est <span class=\"_\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>compte <span class=\"_ _47\"> </span>de r\u00e9sultat <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>poursuivies <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>laquelle <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>actifs cessent d\u2019<span class=\"_ _0\"></span>\u00eatre class\u00e9s comme d\u00e9tenus en vue de la vente<span class=\"_ _0\"></span>.Conform\u00e9ment \u00e0 la norme IFRS\ue61f5, la ligne r\u00e9sultat des activit\u00e9s arr\u00eat\u00e9es ou en <span class=\"_ _44\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _47\"> </span>pr\u00e9sent\u00e9e <span class=\"_ _37\"> </span>dans <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_ _47\"> </span>consolid\u00e9 <span class=\"_ _44\"> </span>de V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>utilis\u00e9e <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>en cours de cession du tableau des \ufb02ux de tr\u00e9sorerie consolid\u00e9 compr<span class=\"_ _0\"></span>ennent\ue61f:\u2022le <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>flux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3\"></span>Studios <span class=\"_ _3\"></span>pour er2021 <span class=\"_ _3\"></span>et du <span class=\"_ _3\"></span>1<span class=\"_ _28\"> </span>\ue61fjanvier <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>au 27\ue61fseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>plus<span class=\"ffb78\">\u2011</span>value et l\u2019impact en tr\u00e9sorerie de la D<span class=\"_ _0\"></span>istribution\ue61f;\u2022les <span class=\"_ _46\"> </span>r\u00e9sultats <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>flux <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>Licences <span class=\"_ _61\"> </span>de erMarques <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>2021 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>1<span class=\"_ _6f\"> </span>\ue61fjanvier <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>31\ue61fmai <span class=\"_ _37\"> </span>2022, <span class=\"_ _44\"> </span>ainsi <span class=\"_ _44\"> </span>que <span class=\"_ _37\"> </span>la plus<span class=\"ffb78\">\u2011</span>value et l\u2019impact en num\u00e9rair<span class=\"_ _0\"></span>e de sa cession\ue61f;\u2022les <span class=\"_ _61\"> </span>autres <span class=\"_ _61\"> </span>activit\u00e9s <span class=\"_ _61\"> </span>arr\u00eat\u00e9es <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>cours <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cession <span class=\"_ _61\"> </span>concernent <span class=\"_ _61\"> </span>les impacts <span class=\"_ _37\"> </span>ult\u00e9rieurs <span class=\"_ _44\"> </span>restants <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>c\u00e9d\u00e9es <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>abandonn\u00e9es <span class=\"_ _37\"> </span>telles que les activit\u00e9s T<span class=\"_ _23\"></span>ubes <span class=\"_ _3\"></span>Cathodiques de 2004 et 2005.Les <span class=\"_ _3\"></span>comptes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _3\"></span></span>au <span class=\"_ _3b\"></span>27\ue61fseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>pr\u00e9par\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>des donn\u00e9es <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>cl\u00f4ture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>septembre\ue61f2022 <span class=\"_ _37\"></span>communiqu\u00e9es <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S,<span class=\"_ _3b\"></span> <span class=\"_ _3b\"></span></span>et <span class=\"_ _37\"> </span>sont en ligne avec la publication du 30\ue61fnovembre 2022.12.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _10d\"> </span>R\u00e9sultat des activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cessionExercice clos le 31\ue662d\u00e9cembreT<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue61f2022StudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _2c\"> </span><span class=\"ffb80 fcc\">2021\ue662*</span>StudiosMarques<span class=\"_ _87\"> </span>AutreACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN C<span class=\"_ _0\"></span>OURS \ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE\ue662CESSIONChi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _364\"> </span>630<span class=\"_ _80\"> </span>623<span class=\"_ _5c\"> </span>6<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>649<span class=\"_ _27\"> </span>629<span class=\"_ _ac\"> </span>19<span class=\"_ _c2\"> </span>1Co\u00fbt de l\u2019<span class=\"_ _0\"></span>activit\u00e9<span class=\"_ _353\"> </span>(542)<span class=\"_ _96\"> </span>(542)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>(519)<span class=\"_ _31\"> </span>(518)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-Marge brute<span class=\"_ _1e2\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _12\"> </span></span>82<span class=\"_ _5c\"> </span>6<span class=\"_ _c2\"> </span>-<span class=\"_ _27\"> </span>130<span class=\"_ _8c\"> </span>112<span class=\"_ _69\"> </span>18<span class=\"_ _ae\"> </span>-Fr<span class=\"_ _0\"></span>ais commerciaux et administratifs<span class=\"_ _28c\"> </span>(64)<span class=\"_ _c9\"> </span>(60)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _84\"> </span>(85)<span class=\"_ _26\"> </span><span class=\"ls70 ws70\">(<span class=\"_ _3\"></span>78<span class=\"_ _3\"></span>)<span class=\"_ _18c\"> </span></span>(<span class=\"_ _3\"></span>3)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>Fr<span class=\"_ _0\"></span>ais de recherche et d\u00e9veloppement<span class=\"_ _fc\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)Co\u00fbts de restructuration<span class=\"_ _256\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1<span class=\"_ _18c\"> </span>(5)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span></span>-<span class=\"_ _c2\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants (2)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _c8\"> </span></span>2<span class=\"_ _c2\"> </span>-op\u00e9rationnelsGain sur la d\u00e9consolidation de l\u2019<span class=\"_ _0\"></span>activit\u00e9 T<span class=\"_ _23\"></span>echnicolor 633<span class=\"_ _80\"> </span>633<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosGain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques<span class=\"_ _189\"> </span>57<span class=\"_ _c2\"> </span>-<span class=\"_ _ab\"> </span>57<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Gain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb7f\">Production<span class=\"_ _231\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>8<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-</span>Autres produits (charges)<span class=\"_ _2\"> </span>(1)<span class=\"_ _18c\"> </span>(2)<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>1<span class=\"_ _2c9\"> </span>(17)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span></span>-<span class=\"_ _2c9\"> </span>(12)R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T A<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>ANT CHARGES FINANCI\u00c8RES 709<span class=\"_ _1a6\"> </span><span class=\"ls0 ws0\">650<span class=\"_ _94\"> </span>62<span class=\"_ _8c\"> </span>(2)<span class=\"_ _94\"> </span>28<span class=\"_ _12\"> </span>28<span class=\"_ _ab\"> </span>16<span class=\"_ _84\"> </span>(16)</span>ET IMP\u00d4<span class=\"_ _0\"></span>TS (EBIT<span class=\"_ _3\"></span>) DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSIONCharges financi\u00e8res nettes<span class=\"_ _365\"> </span>(11)<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _80\"> </span>(11)<span class=\"_ _c2\"> </span>1<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)Imp\u00f4t sur les r\u00e9sultats<span class=\"_ _22a\"> </span>(17)<span class=\"_ _2c9\"> </span>(17)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _80\"> </span>(11)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T NET<span class=\"_ _225\"> </span>680<span class=\"_ _27\"> </span>619<span class=\"_ _94\"> </span>63<span class=\"_ _8c\"> </span>(2)<span class=\"_ _5c\"> </span>4<span class=\"_ _89\"> </span>7<span class=\"_ _ab\"> </span>15<span class=\"_ _84\"> </span>(19)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession.12.<span class=\"_ _0\"></span>1.2<span class=\"_ _52\"> </span>T<span class=\"_ _45\"></span>r\u00e9sorerie nette des activit\u00e9s arr\u00eat\u00e9es ou en cours de cessionExercice clos le 31\ue662d\u00e9cembre,2022<span class=\"_ _d4\"> </span><span class=\"ffb8d fc1\">2021\ue662*</span>T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)TOTALStudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _4d\"> </span><span class=\"ffb8c fcc\">TOTAL</span>StudiosMarques<span class=\"_ _87\"> </span>AutreR\u00e9sultat net des activit\u00e9s arr\u00eat\u00e9es ou en cours 680<span class=\"_ _27\"> </span>619<span class=\"_ _94\"> </span>63<span class=\"_ _8c\"> </span>(2)<span class=\"_ _5c\"> </span>4<span class=\"_ _89\"> </span>7<span class=\"_ _ab\"> </span>15<span class=\"_ _84\"> </span>(19)de\ue662cessionAjustements pour r\u00e9concilier le r<span class=\"_ _0\"></span>\u00e9sultat net des ac<span class=\"_ _3\"></span>tivit\u00e9s \ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _1e1\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _1e1\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61fpoursuivies avec la variation ne<span class=\"_ _0\"></span>tte de la tr\u00e9sorerie d\u2019<span class=\"_ _0\"></span>exploitationAmortissements d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e7\"> </span>64<span class=\"_ _69\"> </span>63<span class=\"_ _ae\"> </span>-<span class=\"_ _180\"> </span>1<span class=\"_ _69\"> </span>83<span class=\"_ _ab\"> </span>83<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _337\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ariation nette des provisions<span class=\"_ _cd\"> </span>(1)<span class=\"_ _89\"> </span>3<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _8d\"> </span>(6<span class=\"_ _3\"></span>)<span class=\"_ _8d\"> </span></span>(3)<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span><span class=\"ls52 ws52\">(4)</span>Gain sur la d\u00e9consolidation de l\u2019<span class=\"_ _0\"></span>activit\u00e9 T<span class=\"_ _23\"></span>echnicolor (633)<span class=\"_ _ad\"> </span>(633)<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosGain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques<span class=\"_ _5e\"> </span>(57)<span class=\"_ _c2\"> </span>-<span class=\"_ _1a6\"> </span>(57)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Gain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb8a\">Production<span class=\"_ _231\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>8<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-</span>(<span class=\"_ _0\"></span>Gain) pertes sur cessions d\u2019actifs<span class=\"_ _1f2\"> </span>1<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _11\"> </span>(14)<span class=\"_ _2f\"> </span>(14)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Charges (produits) d\u2019int\u00e9r\u00eats<span class=\"_ _1b\"> </span>14<span class=\"_ _ac\"> </span>13<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _a7\"> </span>11<span class=\"_ _ab\"> </span>10<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Autres (dont imp\u00f4ts)<span class=\"_ _320\"> </span>13<span class=\"_ _17c\"> </span>13<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _17c\"> </span>17<span class=\"_ _188\"> </span>14<span class=\"_ _180\"> </span>1<span class=\"_ _89\"> </span>2V<span class=\"_ _1\"></span>ariation du besoin en fonds de roulement (86)<span class=\"_ _1a6\"> </span>(<span class=\"_ _3\"></span>77)<span class=\"_ _5c\"> </span>4<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _ac\"> </span>19<span class=\"_ _17c\"> </span>17<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>2et\ue61fdes\ue61fautres actifs et passifsInt\u00e9r\u00eats p<span class=\"_ _0\"></span>ay\u00e9s sur dettes de loyers<span class=\"_ _b8\"> </span>(10)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _80\"> </span>(11)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Int\u00e9r\u00eats p<span class=\"_ _0\"></span>ay\u00e9s<span class=\"_ _34d\"> </span>(1)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>-Int\u00e9r\u00eats r<span class=\"_ _0\"></span>e\u00e7us<span class=\"_ _366\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Imp\u00f4ts pay\u00e9s sur les r<span class=\"_ _0\"></span>\u00e9sultats<span class=\"_ _220\"> </span>(17)<span class=\"_ _27\"> </span>(17)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _18f\"> </span>(1)<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE (32)<span class=\"_ _c9\"> </span><span class=\"ls53 ws53\">(24<span class=\"_ _3\"></span>)<span class=\"_ _69\"> </span></span>10<span class=\"_ _84\"> </span>(18)<span class=\"_ _2c9\"> </span>107<span class=\"_ _80\"> </span>110<span class=\"_ _ab\"> </span>14<span class=\"_ _84\"> </span>(18)D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (I)Acquisition de titres de participation, net de la (4)<span class=\"_ _180\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span></span>(4<span class=\"_ _3\"></span>)<span class=\"_ _1a6\"> </span><span class=\"ls0 ws0\">(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _1a6\"> </span>(10)</span>tr\u00e9sorerie acquiseE\ue61eet de la d\u00e9consolidation de l\u2019<span class=\"_ _1\"></span>activit\u00e9 T<span class=\"_ _f\"></span>echnicolor (52)<span class=\"_ _26\"> </span>(52)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosE\ue61eet de la cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de Marques<span class=\"_ _89\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _180\"> </span></span>-<span class=\"_ _69\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _c2\"> </span></span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-E\ue61eet de la cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb8a\">Production<span class=\"_ _190\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _188\"> </span>27<span class=\"_ _ab\"> </span>27<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>-</span>Produit de cession net de titres de p<span class=\"_ _0\"></span>articipations<span class=\"_ _33\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)Acquisition d\u2019immobilisations corporelles<span class=\"_ _226\"> </span>(25)<span class=\"_ _26\"> </span>(25)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Cession d\u2019immobilisations corporelles et incorporelles<span class=\"_ _83\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c8\"> </span>2<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Acquisition d\u2019immobilisations incorporelles incluant (19)<span class=\"_ _2f\"> </span>(19)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _11\"> </span>(16)<span class=\"_ _2f\"> </span>(16)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-les\ue61fco\u00fbts de d\u00e9veloppement capitalis\u00e9sT<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _33c\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement de tr\u00e9sor<span class=\"_ _0\"></span>erie mise en nantissement<span class=\"_ _7a\"> </span>2<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c8\"> </span>2<span class=\"_ _89\"> </span>3<span class=\"_ _180\"> </span>1<span class=\"_ _ae\"> </span>-<span class=\"_ _c8\"> </span>2V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE (10)<span class=\"_ _c1\"> </span>(95)<span class=\"_ _18f\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _8c\"> </span></span>(<span class=\"_ _3\"></span>2)<span class=\"_ _5e\"> </span>(8)<span class=\"_ _ae\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>(9)D<span class=\"_ _0\"></span>\u2019INVESTISSEMENT DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (II)Exercice clos le 31\ue662d\u00e9cembre,2022<span class=\"_ _d4\"> </span><span class=\"ffb98 fc1\">2021\ue662*</span>T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)TOTALStudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _4d\"> </span><span class=\"ffb97 fcc\">TOTAL</span>StudiosMarques<span class=\"_ _87\"> </span>AutreAugmentation de capital<span class=\"_ _43\"> </span>-<span class=\"_ _ac\"> </span>12<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Augmentation des dettes financi\u00e8res<span class=\"_ _f7\"> </span><span class=\"ls53 ws53\">5<span class=\"_ _3\"></span>75<span class=\"_ _8c\"> </span></span>153<span class=\"_ _ae\"> </span>-<span class=\"_ _80\"> </span>422<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement des dettes de loyers<span class=\"_ _106\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>25)<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span>(2)<span class=\"_ _26\"> </span>(<span class=\"_ _3\"></span>35)<span class=\"_ _26\"> </span>(<span class=\"_ _3\"></span>33)<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)Dividendes pay\u00e9s aux actionnair<span class=\"_ _0\"></span>es<span class=\"_ _19d\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement des dettes financi\u00e8res<span class=\"_ _c6\"> </span>(3)<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE DE 544<span class=\"_ _80\"> </span>136<span class=\"_ _ae\"> </span>-<span class=\"_ _26\"> </span>408<span class=\"_ _c1\"> </span>(<span class=\"_ _3\"></span>36)<span class=\"_ _72\"> </span>(<span class=\"_ _3\"></span>34)<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>(2)FINANCEMENT DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (III)V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE 502<span class=\"_ _ab\"> </span>17<span class=\"_ _12\"> </span>98<span class=\"_ _2c9\"> </span>387<span class=\"_ _94\"> </span>63<span class=\"_ _69\"> </span><span class=\"ls70 ws70\">78<span class=\"_ _69\"> </span></span>14<span class=\"_ _c1\"> </span>(<span class=\"_ _3\"></span>29)DES\ue662ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN C<span class=\"_ _0\"></span>OURS DE\ue662CESSION (I+II+III)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession.12.2<span class=\"_ _bd\"> </span>Actifs et passifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9sConform\u00e9ment \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>norme <span class=\"_ _3\"></span>IFRS\ue61f5, <span class=\"_ _3\"></span>lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d\u00e9cid\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>c\u00e9der un <span class=\"_\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_ _47\"> </span>destin\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>\u00eatr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>c\u00e9d\u00e9), <span class=\"_\"> </span>il <span class=\"_\"> </span>le <span class=\"_\"> </span>classe <span class=\"_\"> </span>en <span class=\"_\"> </span>tant <span class=\"_\"> </span>qu\u2019<span class=\"_ _1\"></span>actif d\u00e9tenu en vue de la vente si\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>disponible <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vente imm\u00e9diate <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>son <span class=\"_ _65\"> </span>\u00e9tat <span class=\"_ _65\"> </span>actuel, <span class=\"_ _66\"> </span>sous <span class=\"_ _65\"> </span>r\u00e9serve <span class=\"_ _65\"> </span>uniquement <span class=\"_ _66\"> </span>des conditions <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>habituelles <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>coutumi\u00e8res <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>tels actifs\ue61f;\u2022sa vente est hautement probable dans un d\u00e9lai d\u2019un an.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3b\"></span>cet <span class=\"_ _3b\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9 </span>distinctement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fActifs <span class=\"_ _37\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>c\u00e9d\u00e9s\ue61f\u00bb <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>bilan. <span class=\"_ _37\"> </span>Les passifs relatifs <span class=\"_ _3\"></span>\u00e0 cet <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>ou groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>sont \u00e9galement <span class=\"_ _3\"></span>pr\u00e9sent\u00e9s <span class=\"_ _3\"></span>sur une ligne distincte au passif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>le Groupe, seuls les actifs <span class=\"_ _3\"></span>r\u00e9pondant aux crit\u00e8res ci<span class=\"ffb9b\">\u2011</span>dessus et <span class=\"_ _3\"></span>faisant l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>cession <span class=\"_ _60\"> </span>formelle <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>niveau <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>direction appropri\u00e9 <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>class\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>destin\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>c\u00e9d\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>cons\u00e9quences comptables sont les suivantes\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>\u00e9valu\u00e9 au <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plus <span class=\"_ _44\"> </span>bas <span class=\"_ _37\"> </span>entre <span class=\"_ _44\"> </span>sa <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>comptable <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sa <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur diminu\u00e9e des co\u00fbts de la vente\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>actif cesse d\u2019<span class=\"_ _0\"></span>\u00eatre amorti \u00e0 compter de la date du transfert.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)31\ue662d\u00e9cembre 2022<span class=\"_ _26\"> </span><span class=\"ffb98 fc1\">31\ue662d\u00e9cembre 2021</span>ACTIFS DESTIN\u00c9S \u00c0 \u00caTRE C\u00c9D\u00c9S<span class=\"_ _136\"> </span>1<span class=\"_ _f7\"> </span>3P<span class=\"_ _0\"></span>ASSIFS DESTIN\u00c9S \u00c0 \u00caTRE C\u00c9D\u00c9S<span class=\"_ _14a\"> </span>-<span class=\"_ _19\"> </span>-\ue61fAu <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>\u00eatre <span class=\"_ _37\"> </span>c\u00e9d\u00e9s <span class=\"_ _44\"> </span>s\u2019\u00e9l\u00e8vent <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>1\ue61fmillion <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>droit <span class=\"_ _44\"> </span>d\u2019usage <span class=\"_ _44\"> </span>immobiliers <span class=\"_ _44\"> </span>o\ue61derts <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la sous<span class=\"ffb9b\">\u2011</span>location \u00e0 long terme ou en ren\u00e9gociation avec le bailleur au lieu de 3\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros en 2021.Note 13<span class=\"_ _c4\"> </span>\u00c9<span class=\"_ _0\"></span>v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tur<span class=\"_ _0\"></span>eLe <span class=\"_ _6f\"> </span><span class=\"ls0 ws0\">8\ue61fmars <span class=\"_ _28\"> </span>2023, <span class=\"_ _28\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _6f\"> </span>Creative <span class=\"_ _28\"> </span>Studios <span class=\"_ _6f\"> </span>(\u00ab\ue61fT<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>S\ue61f\u00bb), <span class=\"_ _6f\"> </span>certains </span>cr\u00e9diteurs <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>actionnaires, <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>ont <span class=\"_ _37\"></span>conclu <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>accord <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>principe sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>apport <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>nouveau financement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>170\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>incluant <span class=\"_ _3\"></span>une recapitalisation <span class=\"_ _61\"> </span>et <span class=\"_ _64\"> </span>permettant <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9tablir <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>position <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span><span class=\"ffba2\">leader<span class=\"_ _60\"> </span></span> sur <span class=\"_ _60\"> </span>le march\u00e9<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _3b\"></span></span>plan <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>soumis <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ribunal <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>commerce <span class=\"_ _3\"></span>de Paris <span class=\"_ _47\"> </span>d\u2019ici <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>fin <span class=\"_\"> </span>du <span class=\"_\"> </span>mois <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>mars\ue61f2023. <span class=\"_\"> </span>La <span class=\"_\"> </span>conclusion <span class=\"_\"> </span>d\u00e9finitive <span class=\"_\"> </span>de <span class=\"_\"> </span>cet accord <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>attendue <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>fin <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>premier <span class=\"_ _61\"> </span>semestre. <span class=\"_ _46\"> </span>Av<span class=\"_ _0\"></span>ant <span class=\"_ _60\"> </span>cela, <span class=\"_ _61\"> </span>un financement <span class=\"_ _3b\"></span>provisoire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>85\ue61fmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>venant <span class=\"_ _37\"></span>d\u2019<span class=\"_ _f\"></span>Angelo <span class=\"_ _3b\"></span>Gordon <span class=\"_ _37\"></span>et des pr\u00eateurs de nouveau financement est attendu.Le <span class=\"ls0 ws0\">Groupe s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _3\"></span>\u00e0 une dilution de sa part <span class=\"_ _3\"></span>dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>en cons\u00e9quence de </span>cet accord. Les impacts de <span class=\"_ _3\"></span>cet accord dans la <span class=\"_ _3\"></span>valorisation et la qualification de <span class=\"_\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _0\"></span>articipation <span class=\"_\"> </span>de <span class=\"_\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_\"> </span>dans <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>n\u2019<span class=\"_ _0\"></span>ont <span class=\"_\"> </span>pas <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>re\ufb02\u00e9t\u00e9 <span class=\"_\"> </span>dans <span class=\"_\"> </span>les comptes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>2022\ue61f; <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>impact <span class=\"_ _3b\"></span>potentiel <span class=\"_ _3b\"></span>sera <span class=\"_ _3b\"></span>consid\u00e9r\u00e9 <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>comptes 2023 de V<span class=\"_ _1\"></span>antiva.Note 14<span class=\"_ _ca\"> </span>Honor<span class=\"_ _0\"></span>aires des commissair<span class=\"_ _0\"></span>es aux comptesDeloitte<span class=\"_ _c\"> </span>Mazars<span class=\"_ _b7\"> </span>Total(en milliers d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _80\"> </span><span class=\"ffba5 fc1\">2021\ue662*<span class=\"_ _ab\"> </span></span>2022<span class=\"_ _80\"> </span><span class=\"ffba5 fc1\">2021\ue662*<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17f\"> </span><span class=\"ffba5 fc1\">2021\ue662*</span>Commissariat aux comptes, certi\ue75ccation, ex<span class=\"_ _0\"></span>amen \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662des\ue662comptes individuels et consolid\u00e9sV<span class=\"_ _1\"></span>antiva SA<span class=\"_ _161\"> </span><span class=\"lsa9 wsa9\">768<span class=\"_ _180\"> </span></span>983<span class=\"_ _c2\"> </span><span class=\"ls70 ws70\">889<span class=\"_ _94\"> </span></span>1\ue61f064<span class=\"_ _ab\"> </span>1\ue61f657<span class=\"_ _18f\"> </span>2\ue61f047Filiales<span class=\"_ _367\"> </span>620<span class=\"_ _1fd\"> </span>1\ue61f361<span class=\"_ _8a\"> </span>737<span class=\"_ _180\"> </span>835<span class=\"_ _ac\"> </span>1\ue61f357<span class=\"_ _69\"> </span>2\ue61f196Sous\u2011<span class=\"ffba5\">total<span class=\"_ _f6\"> </span>1\ue662387<span class=\"_ _8d\"> </span>2\ue662344<span class=\"_ _18f\"> </span>1\ue662626<span class=\"_ _a9\"> </span>1\ue662899<span class=\"_ _18f\"> </span>3\ue662013<span class=\"_ _8d\"> </span>4\ue662243</span>Services autres que la certi\ue75ccation des comptes requis \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662(1)par\ue662les\ue662textes l\u00e9gaux et r\u00e9glementaires\ue662V<span class=\"_ _1\"></span>antiva SA<span class=\"_ _196\"> </span>136<span class=\"_ _d7\"> </span>93<span class=\"_ _ae\"> </span>230<span class=\"_ _178\"> </span>-<span class=\"_ _c2\"> </span>366<span class=\"_ _d7\"> </span>93Filiales<span class=\"_ _203\"> </span>18<span class=\"_ _194\"> </span>14<span class=\"_ _d7\"> </span>22<span class=\"_ _9a\"> </span>2<span class=\"_ _58\"> </span>40<span class=\"_ _194\"> </span>15Sous<span class=\"ffba3\">\u2011<span class=\"ffba5\">total<span class=\"_ _196\"> </span>154<span class=\"_ _ae\"> </span>107<span class=\"_ _ae\"> </span></span></span>252<span class=\"_ _9a\"> </span>2<span class=\"_ _83\"> </span><span class=\"ffba5\">406<span class=\"_ _c8\"> </span>108</span>Services autres que la certi\ue75ccation des comptes fournis \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662(2)\u00e0\ue662la\ue662demande de l\u2019<span class=\"_ _0\"></span>entit\u00e9\ue662V<span class=\"_ _1\"></span>antiva SA<span class=\"_ _217\"> </span>-<span class=\"_ _1a4\"> </span>7<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _97\"> </span>7Filiales<span class=\"_ _302\"> </span>9<span class=\"_ _186\"> </span>52<span class=\"_ _178\"> </span>-<span class=\"_ _d7\"> </span>22<span class=\"_ _9a\"> </span>9<span class=\"_ _194\"> </span><span class=\"ls55 ws55\">74</span>Sous<span class=\"ffba3\">\u2011<span class=\"ffba5\">total<span class=\"_ _ec\"> </span>9<span class=\"_ _1da\"> </span>58<span class=\"_ _178\"> </span></span></span>-<span class=\"_ _186\"> </span>22<span class=\"_ _9e\"> </span><span class=\"ffba5\">9<span class=\"_ _7a\"> </span>80</span>TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _368\"> </span><span class=\"ffba5 ls0 ws0\">1\ue662550<span class=\"_ _8c\"> </span>2\ue662509<span class=\"_ _a9\"> </span>1\ue662878<span class=\"_ _12\"> </span>1\ue662923<span class=\"_ _18c\"> </span>3\ue662428<span class=\"_ _12\"> </span>4\ue662431</span>* Les montants de 2021 inclus les honorair<span class=\"_ _0\"></span>es relatifs aux filiales de T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _0\"></span>.(1) Ces prestations couvr<span class=\"_ _0\"></span>ent les rapports sur augmentation de capital <span class=\"ls5e ws5e\">et </span>sur les op\u00e9rations de re<span class=\"_ _0\"></span>financement en 2022 <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>autres services r<span class=\"_ _0\"></span>equis par textes l\u00e9gaux <span class=\"ls5e ws5e\">et </span>r\u00e9glementaires<span class=\"_ _0\"></span>.(2) Ces prestations couvrent les services fournis \u00e0 la demande de V<span class=\"_ _1\"></span>antiva ou ses filiales (due diligence<span class=\"_ _0\"></span>, assistance juridique <span class=\"ls5e ws5e\">et </span>fiscale, <span class=\"ls5e ws5e\">et </span>attestations diverses).Note 15<span class=\"_ _52\"> </span>Liste des principales entit\u00e9s consolid\u00e9es\ue61fSont list\u00e9es ci<span class=\"ffbad\">\u2011</span>apr\u00e8s les principales entit\u00e9s consolid\u00e9es\ue61f:Maison Connect\u00e9e<span class=\"_ _36a\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Beijing T<span class=\"_ _23\"></span>echnicolor Management Co<span class=\"_ _0\"></span>., Ltd.\ue61f(Chine)<span class=\"_ _2a7\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Limited (Hong Kong)<span class=\"_ _324\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Brasil\ue61fMidia\ue61fe\ue61fEntretenimento\ue61fL<span class=\"_ _0\"></span>tda. (Br\u00e9sil)<span class=\"_ _230\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome Mexico S<span class=\"_ _0\"></span>.A. De C.<span class=\"_ _f\"></span>V<span class=\"_ _1\"></span>. (Mexique)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Connected Home India P<span class=\"_ _0\"></span>rivate Limited (Inde)<span class=\"_ _306\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(2)T<span class=\"_ _23\"></span>echnicolor Connected Home Rennes SNC (F<span class=\"_ _0\"></span>rance)\ue61f<span class=\"_ _357\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome USA LL<span class=\"_ _0\"></span>C (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _29e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies (France)<span class=\"_ _2c4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Australia Pty Ltd (Australie)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Belgium (Belgique)<span class=\"_ _284\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc. (Canada)<span class=\"_ _df\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Japan K.K. (Japon)<span class=\"_ _2b1\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fKorea\ue61fY<span class=\"_ _23\"></span>uhan\ue61fHoesa\ue61f(R\u00e9publique de Cor\u00e9e)<span class=\"_ _36b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _36c\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Creative Studios (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _36d\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e7\"> </span></span>100,0T<span class=\"_ _23\"></span>ech 7 (France)<span class=\"_ _216\"> </span>0,0<span class=\"_ _e7\"> </span>100,0Mikros\ue61fImage\ue61fBelgium\ue61f(Belgique)<span class=\"_ _25b\"> </span>0,0<span class=\"_ _fe\"> </span>100,0Mikros\ue61fImage\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _36e\"> </span>0,0<span class=\"_ _e7\"> </span>100,0MPC (Shanghai) Digital\ue61fT<span class=\"_ _23\"></span>echnology\ue61fCo<span class=\"_ _0\"></span>., Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2f8\"> </span>0,0<span class=\"_ _b0\"> </span>89<span class=\"_ _0\"></span>,8T<span class=\"_ _23\"></span>echnicolor Animation Productions\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _255\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Canada,\ue61fInc\ue61f(<span class=\"_ _0\"></span>Canada)<span class=\"_ _2bc\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Services USA,\ue61fInc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _12a\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Limited (Royaume<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>ni)<span class=\"_ _209\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fIndia\ue61fPrivate Limited (I<span class=\"_ _0\"></span>nde)<span class=\"_ _36f\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios Australia\ue61fPty Limited (Australie)<span class=\"_ _26d\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill (F<span class=\"_ _0\"></span>acility) Limited (\u00c9tats<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>nis)<span class=\"_ _303\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Berlin GmbH (Allemagne)<span class=\"_ _370\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Group Inc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _371\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios UK Limited (Royaume<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Uni)<span class=\"_ _2b7\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>Thomson Multimedia Distribution (N<span class=\"_ _0\"></span>etherlands) BV (Pays<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Bas)<span class=\"_ _ec\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>T<span class=\"_ _f\"></span>race VFX Solutions I<span class=\"_ _0\"></span>ndia Private Limited (Inde)<span class=\"_ _121\"> </span>0,0<span class=\"_ _e7\"> </span>100,0% d\u2019int\u00e9r\u00eat d\u00e9tenu par Vantiva(% arrondi \u00e0 la premi\u00e8re d\u00e9cimale)SOCI\u00c9T\u00c9S \u2013 (P<span class=\"_ _0\"></span>ays)2022<span class=\"_ _e5\"> </span><span class=\"ffbb6 fc1\">2021</span>SCS<span class=\"_ _31d\"> </span><span class=\"ffbb8 ls0 ws0\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Disc Services International Limited (Roy<span class=\"_ _0\"></span>aume<span class=\"ffbba\">\u2011</span>Uni)<span class=\"_ _368\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution Services Fr<span class=\"_ _0\"></span>ance (France)<span class=\"_ _12d\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution\ue61fAustralia\ue61fPty Limited (Austr<span class=\"_ _0\"></span>alie)<span class=\"_ _4b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Global\ue61fLogistics<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis) <span class=\"_ _12b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services Canada UL<span class=\"_ _0\"></span>C (<span class=\"_ _0\"></span>Canada)<span class=\"_ _372\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services de Mexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _373\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Supply Chain Solutions, I<span class=\"_ _0\"></span>nc.\ue61f(\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _2b8\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Nashville<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _29f\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Mexicana, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _24e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Milan\ue61fSRL\ue61f(Italie)<span class=\"_ _23b\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Polska\ue61fSp<span class=\"_ _0\"></span>.Z.<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>O<span class=\"ffbba\">\u202f</span>(P<span class=\"_ _0\"></span>ologne)<span class=\"_ _2cf\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fExport\ue61fde\ue61fMexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _164\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fPty Limited (Australie)<span class=\"_ _1bc\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Memphis<span class=\"_ _0\"></span>, Inc. (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)\ue61f<span class=\"_ _2ba\"> </span>100,0<span class=\"_ _fe\"> </span>100,0</span>Corporat<span class=\"_ _0\"></span>e &amp; Autres<span class=\"_ _374\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Deutsche Thomson OHG (<span class=\"_ _0\"></span>Allemagne)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Gallo 8 (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _20e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0RCA T<span class=\"_ _23\"></span>rademark Management (France)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Soci\u00e9t\u00e9\ue61fFr<span class=\"_ _0\"></span>an\u00e7aise d\u2019Investissement et\ue61fd\u2019<span class=\"_ _f\"></span>Arbitrage Sofia\ue61f(Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _276\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 6 (France)<span class=\"_ _375\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 9 SAS (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _2fe\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Pacific Holdings Pte<span class=\"_ _0\"></span>.\ue61fLtd (Singapour)<span class=\"_ _13c\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>rademark Management (F<span class=\"_ _0\"></span>rance)<span class=\"_ _11a\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>reasury USA LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)<span class=\"_ _166\"> </span>100,0<span class=\"_ _f8\"> </span>100,0</span>T<span class=\"_ _23\"></span>echnicolor USA Inc (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbba\">\u2011</span>Unis)<span class=\"_ _15b\"> </span>100,0<span class=\"_ _f8\"> </span>100,0Consolid\u00e9es par mise en \u00e9quiv<span class=\"_ _0\"></span>alence<span class=\"_ _15b\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>3DCD LL<span class=\"_ _0\"></span>C (\u00c9tats\u2011<span class=\"_ _0\"></span><span class=\"ffbb9\">Unis)<span class=\"_ _1df\"> </span>50,0<span class=\"_ _7\"> </span>50,0</span>T<span class=\"_ _23\"></span>echfund\ue61fCapital Europe\ue61fFCPR\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _2ec\"> </span>19<span class=\"_ _0\"></span>,8<span class=\"_ _ed\"> </span>19,8T<span class=\"_ _23\"></span>echnicolor SFG T<span class=\"_ _f\"></span>echnology Co<span class=\"_ _0\"></span>. Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2ae\"> </span>49<span class=\"_ _0\"></span>,0<span class=\"_ _12c\"> </span>49<span class=\"_ _0\"></span>,0T<span class=\"_ _23\"></span>echnicolor Creative Studios\ue61f<span class=\"_ _298\"> </span>35,0<span class=\"_ _e5\"> </span><span class=\"ls56 ws56\">N/A</span>(1) Changement de noms de T<span class=\"_ _f\"></span>echnicolor \u00e0 V<span class=\"_ _1\"></span>antiva apr\u00e8s la D<span class=\"_ _0\"></span>istribution.(2) Fusionn\u00e9 avec T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _f\"></span>echnologies.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-2": {
   "value": "Note 1<span class=\"_ _25\"> </span>Pr<span class=\"_ _0\"></span>\u00e9sentation g\u00e9n\u00e9rale1<span class=\"_ _3\"></span>.1<span class=\"_ _ad\"> </span><span class=\"ls0 ws0\">Principaux \u00e9v\u00e9nements de l\u2019<span class=\"_ _1\"></span>exercice</span>1<span class=\"_ _3\"></span>.1<span class=\"_ _3b\"></span>.1<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">Distribution de T<span class=\"_ _1\"></span>CS et refinancement</span>Rappel et pr\u00e9sentation du projetLe <span class=\"_\"> </span>24\ue61ef\u00e9vrier <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_ _46\"> </span>annonc\u00e9 <span class=\"_ _46\"> </span>son <span class=\"_ _46\"> </span>projet <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>se <span class=\"_ _46\"> </span>s\u00e9parer <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creative <span class=\"_\"> </span>Studios <span class=\"_ _46\"> </span><span class=\"ls4d ws4d\">(<span class=\"_ _3b\"></span>TC<span class=\"_ _3b\"></span>S<span class=\"_ _3b\"></span>)<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>en <span class=\"_\"> </span>introduisant <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span>titres <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>sur Eur<span class=\"_ _0\"></span>onext <span class=\"_ _3\"></span>Paris et <span class=\"_ _3\"></span>en distribuant <span class=\"_ _3\"></span>65\ue61e% des <span class=\"_ _3\"></span>titres <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>\u00e0 travers un <span class=\"_ _3\"></span>dividende en <span class=\"_ _6f\"> </span>nature <span class=\"_ _6f\"> </span>aux <span class=\"_ _6f\"> </span>actionnaires <span class=\"_ _6f\"> </span>de <span class=\"_ _6f\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _6f\"> </span>(la <span class=\"_ _6f\"> </span>\u00ab\ue61eDistribution\ue61e\u00bb <span class=\"_ _6f\"> </span>ou \u00ab\ue61e<span class=\"ff93b\">spin</span>\u2011o\ue61f<span class=\"ff93d ls0 ws0\">\ue61e\u00bb). V<span class=\"_ _1\"></span>antiva (anciennement T<span class=\"_ _23\"></span>echnicolor) reste une entit\u00e9 cot\u00e9e sur </span>Eur<span class=\"_ _0\"></span>onext <span class=\"_ _44\"> </span>Paris <span class=\"_ _3b\"></span>et <span class=\"_ _44\"> </span>conservera <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>participation <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>35 <span class=\"_ _37\"> </span>% <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>T<span class=\"_ _f\"></span>echnicolor Creative <span class=\"_ _64\"> </span>Studios <span class=\"_ _65\"> </span>apr<span class=\"_ _0\"></span>\u00e8s <span class=\"_ _65\"> </span>Distribution. <span class=\"_ _64\"> </span>Concomitamment, <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_ _65\"> </span>a annonc\u00e9 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"> </span>intention <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>refinancer <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>structure <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>sa <span class=\"_ _37\"></span>dette <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>l\u2019\u00e9mission d\u2019<span class=\"_ _0\"></span>Obligations Convertibles <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>OCA <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>\u00ab\ue61e<span class=\"ff93b\">Mandatory Convertible <span class=\"ls4 ws4\">No<span class=\"_ _3\"></span>tes</span></span>\ue61e\u00bb, <span class=\"_ _3\"></span>ou MCN) <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>montant <span class=\"_ _37\"></span>total <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>300\ue61emillions <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>dont <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>conversion en <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>deviendrait <span class=\"_ _3\"></span>e\ue61dective <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution. Ces <span class=\"_ _44\"> </span>OCA <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>structurant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>processus <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>Distribution <span class=\"_ _44\"> </span>et sont <span class=\"_\"> </span>soutenues <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>un <span class=\"_ _61\"> </span>ensemble <span class=\"_\"> </span>d\u2019actionnair<span class=\"_ _0\"></span>es <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>se <span class=\"_\"> </span>sont <span class=\"_ _61\"> </span>engag\u00e9s <span class=\"_\"> </span>\u00e0 souscrire \u00e0 l\u2019int\u00e9gralit\u00e9 des OCA.La <span class=\"_ _3b\"></span>transaction <span class=\"_ _3b\"></span>envisag\u00e9e <span class=\"_ _3b\"></span>permet <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>entit\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>poursuivre <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>propre ligne strat\u00e9gique de mani\u00e8re ind\u00e9pendante <span class=\"_ _3\"></span>conform\u00e9ment \u00e0 sa <span class=\"_ _3\"></span>dynamique commerciale et ses <span class=\"_ _3\"></span>fondamentaux financiers sous<span class=\"ff93c\">\u2011</span>jacents, permettant alors de r\u00e9aliser le potentiel de cr\u00e9ation de v<span class=\"_ _0\"></span>aleur<span class=\"_ _0\"></span>.D\u00e9tails de la D<span class=\"_ _0\"></span>istributionV<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>proc\u00e9d\u00e9 <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019introduction <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>bourse <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _61\"> </span>Creative Studios <span class=\"_ _61\"> </span>sur <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>march\u00e9 <span class=\"_ _60\"> </span>r\u00e9glement\u00e9 <span class=\"_ _61\"> </span>Euronext <span class=\"_ _61\"> </span>Paris <span class=\"_ _61\"> </span>simultan\u00e9ment <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la distribution <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>participation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>65 <span class=\"_ _3\"></span>% <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>Creative <span class=\"_ _3\"></span>Studios aux <span class=\"_ _46\"> </span>actionnaires <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>(la <span class=\"_ _61\"> </span>\u00ab\ue61eDistribution\ue61e\u00bb), <span class=\"_\"> </span>op\u00e9ration <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>par erl\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3b\"></span>prospectus <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>et <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>1<span class=\"_ _6f\"> </span>\ue61eao\u00fbt <span class=\"_ _3b\"></span>2022. Les <span class=\"_ _66\"> </span>r\u00e9solutions <span class=\"_ _66\"> </span>permettant <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_ _4c\"> </span>ont <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _66\"> </span>approuv\u00e9es <span class=\"_ _66\"> </span>par l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale extraordinair<span class=\"_ _0\"></span>e du 6\ue61eseptembre 2022.T<span class=\"_ _23\"></span>ous les <span class=\"_ _37\"> </span>actionnaires <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>(alors <span class=\"_ _37\"> </span>d\u00e9nomm\u00e9e <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>echnicolor) <span class=\"_ _37\"> </span>ont <span class=\"_ _44\"> </span>re\u00e7u une action <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor Creative <span class=\"_ _3\"></span>Studios par <span class=\"_ _3\"></span>action V<span class=\"_ _1\"></span>antiva d\u00e9tenue. Cette Distribution <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>nature <span class=\"_ _3b\"></span>a <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>pr\u00e9lev\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"></span>\u00ab\ue61eprimes <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission\ue61e\u00bb de <span class=\"_\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_\"> </span>et <span class=\"_ _47\"> </span>devrait <span class=\"_ _44\"> </span>\u00eatre, <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>point <span class=\"_\"> </span>de <span class=\"_\"> </span>vue <span class=\"_ _44\"> </span>fiscal <span class=\"_\"> </span>fran\u00e7ais, <span class=\"_ _44\"> </span>consid\u00e9r\u00e9e comme <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prime <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>imposable <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>article <span class=\"_\"> </span>112 <span class=\"_\"> </span>du <span class=\"_\"> </span>Code <span class=\"_\"> </span>g\u00e9n\u00e9ral <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>imp\u00f4ts<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Cette <span class=\"_\"> </span>Distribution <span class=\"_\"> </span>ne <span class=\"_\"> </span>devr<span class=\"_ _0\"></span>ait donc <span class=\"_ _61\"> </span>pas <span class=\"_ _46\"> </span>\u00eatre <span class=\"_ _61\"> </span>soumise <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>l\u2019imp\u00f4t <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>France <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>ce <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>titre <span class=\"_ _46\"> </span>d\u2019un pr\u00e9l\u00e8vement <span class=\"_ _37\"> </span>fran\u00e7ais, <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>retenue <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>source <span class=\"_ _37\"> </span>fran\u00e7aise <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>autre <span class=\"_ _44\"> </span>(sous r\u00e9serve de situations particuli\u00e8res).L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>extraordinaire <span class=\"_\"> </span>du <span class=\"_\"> </span>6\ue61eseptembre <span class=\"_\"> </span>2022 <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9galement autoris\u00e9 <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>placement <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>35\ue61e% <span class=\"_ _60\"> </span>restants <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>echnicolor Creative <span class=\"_\"> </span>Studios <span class=\"_ _61\"> </span>dans <span class=\"_ _46\"> </span>une <span class=\"_ _61\"> </span>fiducie<span class=\"ff93c\">\u2011</span>s\u00fbret\u00e9 <span class=\"_\"> </span>au <span class=\"_ _61\"> </span>b\u00e9n\u00e9fice <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>pr\u00eateurs <span class=\"_ _46\"> </span>de premier <span class=\"_ _3\"></span>rang <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>second <span class=\"_ _3b\"></span>rang. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ant <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>cette <span class=\"_ _3b\"></span>fiducie<span class=\"ff93c\">\u2011</span>s\u00fbret\u00e9 <span class=\"_ _3b\"></span>existe, <span class=\"_ _3\"></span>tout produit <span class=\"_\"> </span>issu <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>cession <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tout <span class=\"_\"> </span>ou <span class=\"_\"> </span>partie <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_\"> </span>participation <span class=\"_\"> </span>ser<span class=\"_ _0\"></span>aa\ue61dect\u00e9 au remboursement de la dette<span class=\"_ _0\"></span>.Suite <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3b\"></span>ce <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>s\u00e9paration <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>finalis\u00e9e, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva r\u00e9alise <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>prestations <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>transition <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _60\"> </span></span><span class=\"ff93b\">T<span class=\"_ _f\"></span>ransition </span>Services <span class=\"_ _3\"></span>Agreement<span class=\"_ _3\"></span><span class=\"ff93d\"> (\u00ab\ue61eTSA\ue61e\u00bb) est <span class=\"_ _3b\"></span>g\u00e9r\u00e9 par <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>gouvernance <span class=\"_ _3\"></span>commune <span class=\"_ _3\"></span>et </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">est <span class=\"_ _3b\"></span>engag\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>payer <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>mois <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>part <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>lui <span class=\"_ _3b\"></span>incombant. <span class=\"_ _3b\"></span>La </span>s\u00e9paration <span class=\"_ _3b\"></span>doit <span class=\"_ _3b\"></span>se <span class=\"_ _37\"></span>finaliser <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>mars\ue61e2024 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>tout <span class=\"_ _3b\"></span>\u00e9tat <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>cause <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>plus tard en septembre\ue61e202<span class=\"_ _0\"></span>4.D\u00e9tails du r<span class=\"_ _0\"></span>efinancementCette Distribution <span class=\"_ _3\"></span>a \u00e9t\u00e9 <span class=\"_ _3\"></span>permise <span class=\"_ _3\"></span>par un <span class=\"_ _3\"></span>refinancement <span class=\"_ _3\"></span>levant les <span class=\"_ _3\"></span>obstacles \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>r\u00e9organisation <span class=\"_ _3\"></span>juridique <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>\u00e0 <span class=\"_ _3\"></span>distribuer <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>permettant <span class=\"_ _3\"></span>le financement <span class=\"_ _6f\"> </span>distinct <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>deux <span class=\"_ _6f\"> </span>groupes <span class=\"_ _28\"> </span>et <span class=\"_ _6f\"> </span>la <span class=\"_ _6f\"> </span>recapitalisation. <span class=\"_ _28\"> </span><span class=\"ls4 ws4\">Ce </span>refinancement comprend\ue61e:\u2022l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>obligations <span class=\"_ _3\"></span>convertibles <span class=\"_ _3b\"></span>(les <span class=\"_ _3b\"></span>MCN <span class=\"_ _3\"></span>\u00ab\ue61e<span class=\"ff93b\">Mandatory <span class=\"_ _3b\"></span>Convertible </span>Notes<span class=\"ff93d ls0 ws0\">\ue61e\u00bb) <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>montant <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>300\ue61emillions <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _65\"> </span>sous <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>forme </span>d\u2019<span class=\"_ _0\"></span>\u00e9missions <span class=\"_ _65\"> </span>r\u00e9serv\u00e9es <span class=\"_ _65\"> </span>distinctes. <span class=\"_ _65\"> </span>Angelo <span class=\"_ _65\"> </span>Gor<span class=\"_ _0\"></span>don, <span class=\"_ _65\"> </span>Bpifrance <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>un ensemble <span class=\"_ _60\"> </span>d\u2019actionnair<span class=\"_ _0\"></span>es <span class=\"_ _64\"> </span>s\u00e9lectionn\u00e9s <span class=\"_ _60\"> </span>ont <span class=\"_ _64\"> </span>souscrit <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>l\u2019int\u00e9gralit\u00e9 <span class=\"_ _60\"> </span>des MCN. <span class=\"_ _64\"> </span>Les <span class=\"_ _60\"> </span>MCN <span class=\"_ _64\"> </span>seront <span class=\"_ _60\"> </span>converties <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>actions <span class=\"_ _64\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _64\"> </span>si <span class=\"_ _60\"> </span>une assembl\u00e9e <span class=\"_ _6c\"> </span>g\u00e9n\u00e9rale <span class=\"_ _2a\"> </span>approuve <span class=\"_ _2a\"> </span>la <span class=\"_ _6c\"> </span>Distribution, <span class=\"_ _2a\"> </span>et <span class=\"_ _2a\"> </span>le <span class=\"_ _2a\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>d\u00e9cide <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>telle <span class=\"_ _3b\"></span>Distribution. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de 2,60\ue61eeuros <span class=\"_\"> </span>par <span class=\"_\"> </span>action <span class=\"_\"> </span>est <span class=\"_\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>une <span class=\"_\"> </span>d\u00e9cote <span class=\"_\"> </span>de <span class=\"_\"> </span>5 <span class=\"_\"> </span>% <span class=\"_\"> </span>par <span class=\"_\"> </span>rapport <span class=\"_\"> </span>au VW<span class=\"_ _0\"></span>AP <span class=\"_ _44\"> </span>(\u00ab\ue61ePrix <span class=\"_ _37\"></span>moyen <span class=\"_ _37\"> </span>pond\u00e9r\u00e9 <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>volume\ue61e\u00bb) <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"> </span>3 <span class=\"_ _44\"> </span>mois <span class=\"_ _37\"> </span>de l\u2019<span class=\"_ _0\"></span>action <span class=\"_ _37\"></span>ordinaire <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _37\"> </span>au <span class=\"_ _37\"> </span>23\ue61ef\u00e9vrier <span class=\"_ _37\"> </span>2022. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _37\"> </span></span>caract\u00e8re <span class=\"_ _37\"></span>\u00e9quitable des <span class=\"_ _3b\"></span>conditions <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>conversion <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>OCA <span class=\"_ _37\"> </span>a <span class=\"_ _37\"></span>fait <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _3b\"></span>avis <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9quit\u00e9 \u00e9tabli <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>Finexsi <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>sa <span class=\"_ _37\"> </span>qualit\u00e9 <span class=\"_ _37\"> </span>d\u2019expert <span class=\"_ _3b\"></span>financier <span class=\"_ _37\"> </span>ind\u00e9pendant <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 mis <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>disposition <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>amont <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>vote <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>actionnaires <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e g\u00e9n\u00e9rale <span class=\"_ _6c\"> </span>extraordinaire <span class=\"_ _6c\"> </span>du <span class=\"_ _6c\"> </span>6\ue61emai <span class=\"_ _6c\"> </span>2022. <span class=\"_ _2a\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _2a\"> </span>g\u00e9n\u00e9rale extraordinair<span class=\"_ _0\"></span>e <span class=\"_ _44\"> </span>a <span class=\"_ _37\"></span>approuv\u00e9 cette <span class=\"_ _37\"></span>\u00e9mission. <span class=\"_ _37\"> </span>Les <span class=\"_ _37\"></span>MCN <span class=\"_ _37\"> </span>ont <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>\u00e9mises <span class=\"_ _3b\"></span>le 15\ue61eseptembre 2022 et, au vu <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>approbation de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale et de <span class=\"_ _46\"> </span>l\u2019acceptation <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>Eur<span class=\"_ _0\"></span>onext <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _46\"> </span>cotation <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span></span>converties <span class=\"_\"> </span>le 22\ue61eseptembre 2022 par d\u00e9cision du Conseil d\u2019<span class=\"_ _1\"></span>administration\ue61e;\u2022la <span class=\"_ _37\"> </span>mise <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>place <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>15\ue61eseptembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>deux <span class=\"_ _44\"> </span>financements <span class=\"_ _37\"></span>distincts pour <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et V<span class=\"_ _1\"></span>antiva\ue61e:\u2022pour <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _3b\"></span>Barclays <span class=\"_ _3b\"></span>Bank <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>Angelo <span class=\"_ _37\"></span>Gordon <span class=\"_ _3b\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>engag\u00e9s <span class=\"_ _3b\"></span>sur un <span class=\"_\"> </span>financement <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>375\ue61emillions <span class=\"_ _46\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_\"> </span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>parall\u00e8le, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a prolong\u00e9 la ligne de <span class=\"_ _3\"></span>cr\u00e9dit W<span class=\"_ _1\"></span>ells <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>argo de 4 <span class=\"_ _3\"></span>ann\u00e9es suppl\u00e9mentaires\ue61e; les d\u00e9tails de ce financement sont pr\u00e9sent\u00e9s en note 8,\u2022T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _44\"> </span>Creative <span class=\"_ _44\"> </span>Studios <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>contract\u00e9 <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>dette <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>taux <span class=\"_ _44\"> </span>variable (F<span class=\"_ _0\"></span>irst <span class=\"_ _44\"> </span>Lien <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>erm <span class=\"_ _3b\"></span>Facility<span class=\"ff93d\">) <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>623\ue61emillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _37\"></span>compos\u00e9e <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>deux </span>tranches<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>tranche <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>563\ue61emillions <span class=\"_ _60\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>tranche <span class=\"_ _61\"> </span>de 60\ue61emillions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3\"></span>US. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En <span class=\"_ _3b\"></span></span>outre<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>a <span class=\"_ _3\"></span>obtenu <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>engagements concernant une facilit\u00e9 de cr\u00e9dit renouv<span class=\"_ _0\"></span>elable de 40<span class=\"ff93c\">\u202f</span>millions d\u2019eur<span class=\"_ _0\"></span>os.Finalisation de la distribution en Nature de 65 % de\ue61fT<span class=\"_ _45\"></span>echnicolor Creative Studios\u2022le <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>12\ue61fseptembre <span class=\"_\"> </span>2022 <span class=\"_ _46\"> </span>a <span class=\"_ _46\"> </span>confirm\u00e9 <span class=\"_ _46\"> </span>que <span class=\"_\"> </span>la Distribution <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>Nature <span class=\"_ _65\"> </span>serait <span class=\"_ _66\"> </span>imput\u00e9e <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>le <span class=\"_ _66\"> </span>compte <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>primes d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>un <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>1,9539\ue61feuros <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>action. Ce <span class=\"_ _44\"></span>montant <span class=\"_ _37\"></span>r\u00e9sulte <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _44\"></span>valeur <span class=\"_ _37\"></span>globale <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _44\"> </span></span>fix\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"></span>le <span class=\"_ _37\"></span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _65\"> </span>compte <span class=\"_ _66\"> </span>tenu <span class=\"_ _65\"> </span>des <span class=\"_ _66\"> </span>trav<span class=\"_ _0\"></span>aux <span class=\"_ _66\"> </span>et <span class=\"_ _65\"> </span>des conclusions <span class=\"_\"> </span>du <span class=\"_ _47\"> </span>cabinet <span class=\"_\"> </span>F<span class=\"_ _0\"></span>inexsi, <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>expert <span class=\"_\"> </span>ind\u00e9pendant <span class=\"_\"> </span>d\u00e9sign\u00e9 <span class=\"_ _44\"> </span>aux <span class=\"_\"> </span>fins d\u2019<span class=\"_ _0\"></span>\u00e9valuer <span class=\"_\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S,<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>divis\u00e9e <span class=\"_ _47\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>nombre <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>en circulation (\u00e0 savoir 546\ue61f681\ue61f915 actions).\u2022le <span class=\"_ _37\"></span>prix <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>r\u00e9f\u00e9rence <span class=\"_ _37\"></span>technique <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>chaque <span class=\"_ _44\"></span>action <span class=\"_ _37\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>communiqu\u00e9 <span class=\"_ _37\"></span>\u00e0 Eur<span class=\"_ _0\"></span>onext <span class=\"_ _64\"> </span>Paris <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ouverture <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>s\u00e9ance <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>bourse <span class=\"_ _60\"> </span>du 27\ue61fseptembre 2022, <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>1,9539\ue61feuros par <span class=\"_ _3\"></span>action. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _3\"></span></span>prix de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9f\u00e9rence <span class=\"_\"> </span>technique <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>purement <span class=\"_\"> </span>indicatif <span class=\"_ _47\"> </span>et <span class=\"_ _47\"> </span>ne <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>utilis\u00e9 pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>n\u00e9gociation <span class=\"_ _3b\"></span>futur <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _37\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _37\"></span></span></span>prix de <span class=\"_ _65\"> </span>1,9539\ue61feur<span class=\"_ _0\"></span>os <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>devra <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>ailleurs <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>retenu <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>les actionnaires de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>fiscale <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">re\u00e7ues dans <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cadre de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Distribution en <span class=\"_ _3b\"></span>Natur<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vente </span>ult\u00e9rieure de ces actions.\u2022la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>distribution <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>fix\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>27\ue61fseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Conseil d\u2019<span class=\"_ _0\"></span>administration du <span class=\"_ _3\"></span>22\ue61fseptembre <span class=\"_ _3\"></span>2022. <span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>r\u00e9glement<span class=\"ff945\">\u2011</span>livraison <span class=\"_ _3\"></span>des titres a \u00e9t\u00e9 finalis\u00e9 le 29\ue61fseptembre 2022.1.<span class=\"_ _0\"></span>1.2Cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de MarquesV<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>conclu <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>31\ue61fmai <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ses <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>Licences <span class=\"_ _3b\"></span>de Marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>par <span class=\"_ _4c\"> </span>cons\u00e9quent <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _4c\"> </span>a <span class=\"_ _4c\"> </span>pr\u00e9sent\u00e9 <span class=\"_ _4c\"> </span>ces <span class=\"_ _4c\"> </span>activit\u00e9s <span class=\"_ _4c\"> </span>en \u00ab\ue61fop\u00e9rations <span class=\"_ _64\"> </span>arr\u00eat\u00e9es <span class=\"_ _60\"> </span>ou <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>cours <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cession\ue61f\u00bb <span class=\"_ _60\"> </span>r\u00e9trospectivement <span class=\"_ _64\"> </span>au er\ue61f1<span class=\"_ _6c\"> </span>janvier 2021.Les impacts sont pr\u00e9sent\u00e9s en note 2.1.<span class=\"_ _0\"></span>1.3A<span class=\"_ _0\"></span>vertissement sur r\u00e9sultat de T<span class=\"_ _1\"></span>CSLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">15\ue61fnovembre 2022, le <span class=\"_ _3\"></span>Groupe <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>a <span class=\"_ _3\"></span>r\u00e9vis\u00e9 \u00e0 <span class=\"_ _3\"></span>la baisse <span class=\"_ _3\"></span>ses pr\u00e9visions de </span>r\u00e9sultat <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>2022 <span class=\"_\"> </span>et <span class=\"_ _61\"> </span>2023. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>30\ue61fnovembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _46\"> </span></span>a <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>ailleurs annonc\u00e9 <span class=\"_ _61\"> </span>qu\u2019il <span class=\"_ _60\"> </span>pourrait <span class=\"_ _61\"> </span>faire <span class=\"_ _60\"> </span>face <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>des <span class=\"_ _61\"> </span>probl\u00e8mes <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>liquidit\u00e9 <span class=\"_ _61\"> </span>d\u00e8s <span class=\"_ _60\"> </span>le deuxi\u00e8me <span class=\"_ _44\"> </span>trimestre <span class=\"_ _44\"></span>de <span class=\"_ _44\"></span>2023. <span class=\"_ _44\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>7\ue61ff\u00e9vrier <span class=\"_ _44\"> </span>2023, <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _44\"></span></span>a <span class=\"_ _44\"></span>d\u00e9clar\u00e9 <span class=\"_ _37\"></span>avoir <span class=\"_ _44\"> </span>des discussions <span class=\"_ _37\"></span>constructives <span class=\"_ _44\"> </span>avec <span class=\"_ _37\"></span>ses <span class=\"_ _44\"> </span>cr\u00e9anciers <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>certains <span class=\"_ _37\"></span>actionnaires <span class=\"_ _44\"> </span>cl\u00e9s pour <span class=\"_ _37\"></span>r\u00e9pondre <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"> </span>ses <span class=\"_ _44\"></span>besoins <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>financements <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"> </span>le <span class=\"_ _44\"></span>deuxi\u00e8me <span class=\"_ _37\"></span>trimestre 2023.En <span class=\"_ _6f\"> </span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _6f\"> </span>le <span class=\"_ _6f\"> </span>Groupe <span class=\"_ _6f\"> </span>a <span class=\"_ _6f\"> </span>comptabilis\u00e9 <span class=\"_ _6f\"> </span>une <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _6f\"> </span>de </span>311\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros de sa participation dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S.</span>Le <span class=\"_\"> </span><span class=\"ls0 ws0\">8\ue61fmars <span class=\"_ _44\"> </span>2023, <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _47\"> </span></span>a <span class=\"_ _44\"> </span>annonc\u00e9 <span class=\"_\"> </span>un <span class=\"_\"> </span>accord <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>principe <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_\"> </span>un </span>financement <span class=\"_\"> </span>adapt\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>leur <span class=\"_ _47\"> </span>besoins<span class=\"_ _0\"></span>, <span class=\"_\"> </span>plus <span class=\"_\"> </span>amplement <span class=\"_ _44\"> </span>d\u00e9taill\u00e9 <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>note <span class=\"_ _44\"> </span>13 \u00ab\ue61f\u00c9v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tur<span class=\"_ _0\"></span>e\ue61f\u00bb.1.<span class=\"_ _0\"></span>1.4Envir<span class=\"_ _0\"></span>onnement \u00e9conomiqueBien que l\u2019<span class=\"_ _0\"></span>activit\u00e9 n\u2019<span class=\"_ _0\"></span>ait pas d\u2019actifs ni de clients ou de fournisseurs directs en Russie <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>Ukraine, <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>con\ufb02it <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>cours <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>une <span class=\"_ _65\"> </span>incertitude suppl\u00e9mentaire <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>d\u2019appr<span class=\"_ _0\"></span>ovisionnement <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>Maison <span class=\"_ _37\"></span>Connect\u00e9e. Cela a entra\u00een\u00e9 une augmentation des d\u00e9lais de transit pour certains clients europ\u00e9ens<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>transitaient <span class=\"_ _3\"></span>auparavant <span class=\"_ _3\"></span>par voie ferroviair<span class=\"_ _0\"></span>e <span class=\"ff944\">via</span> la Russie, transitent d\u00e9sormais par voie maritime<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-2": {
   "value": "Vantiva  est  un  leader  technologique  mondial  dans  la  conception,  le d\u00e9veloppement et  la  fourniture  de  produits et de solutions innovants qui connectent  les  consommateurs  du  monde  entier  aux  contenus  et  aux services qu\u2019ils aiment, que ce soit \u00e0 la maison, au  travail ou dans d\u2019autres espaces  intelligents.  Vantiva  s\u2019est  \u00e9galement  forg\u00e9  une  solide  r\u00e9putation dans l\u2019optimisation des performances de la cha\u00eene d\u2019approvisionnement en tirant parti  de  son  expertise de  plusieurs  d\u00e9cennies  dans la  fabrication,  lalogistique, l\u2019ex\u00e9cution et la distribution de haute pr\u00e9cision. Voir la note 3.1qui d\u00e9taille les segments op\u00e9rationnels du Groupe.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f117948": {
   "value": "SA",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f117963": {
   "value": "Vantiva.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-12-3": {
   "value": "Rappel et pr\u00e9sentation du projetLe  24\ue61ef\u00e9vrier  2022,  le  Groupe  a  annonc\u00e9  son  projet  de  se  s\u00e9parer  de Technicolor  Creative  Studios  (TCS)  en  introduisant  les  titres  TCS  sur Euronext Paris et en distribuant 65\ue61e% des titres TCS \u00e0 travers un dividende en  nature  aux  actionnaires  de  Technicolor  (la  \u00ab\ue61eDistribution\ue61e\u00bb  ou \u00ab\ue61espin\u2011o\ue61f\ue61e\u00bb). Vantiva (anciennement Technicolor) reste une entit\u00e9 cot\u00e9e sur Euronext  Paris et  conservera une  participation  de 35  %  dans  Technicolor Creative  Studios  apr\u00e8s  Distribution.  Concomitamment,  le  Groupe  a annonc\u00e9 son  intention  de  refinancer la structure de sa dette et  l\u2019\u00e9mission d\u2019Obligations Convertibles (OCA ou \u00ab\ue61eMandatory Convertible Notes\ue61e\u00bb, ou MCN) pour un montant total de  300\ue61emillions  d\u2019euros  dont  la  conversion en actions Technicolor deviendrait e\ue61dective au moment de la Distribution. Ces  OCA  sont  un  \u00e9l\u00e9ment  structurant  du  processus  de  Distribution  et sont  soutenues  par  un  ensemble  d\u2019actionnaires  qui  se  sont  engag\u00e9s  \u00e0 souscrire \u00e0 l\u2019int\u00e9gralit\u00e9 des OCA.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-17-2": {
   "value": "Pr\u00e9sentation dans les comptesLe <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9sente <span class=\"_\"> </span>donc <span class=\"_ _44\"></span>les <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _47\"> </span></span>en <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>en cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>traitement <span class=\"_ _3\"></span>comptable et <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>impacts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution sont <span class=\"_ _37\"></span>pr\u00e9sent\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>note <span class=\"_ _37\"></span>2.2.<span class=\"_ _3\"></span>2. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"></span>\u00e9l\u00e9ments <span class=\"_ _37\"></span>relatifs <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>activit\u00e9s <span class=\"_ _37\"></span>arr\u00eat\u00e9es ou en cours de cession sont pr\u00e9sent\u00e9s en note 12.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-18-2": {
   "value": "Changement de d\u00e9nomination sociale et gouvernance du nouveau GroupeLe <span class=\"ls0 ws0\">14\ue61fjuin <span class=\"_ _3\"></span>2022, le Groupe a annonc\u00e9 <span class=\"_ _3\"></span>le lancement de <span class=\"_ _3\"></span>sa nouvelle marque\ue61f: </span>V<span class=\"_ _1\"></span>antiva. La <span class=\"_ _3\"></span>nouvelle <span class=\"_ _3\"></span>marque <span class=\"_ _3\"></span>comprend les <span class=\"_ _3\"></span>divisions <span class=\"_ _3\"></span>Maison <span class=\"_ _3\"></span>Connect\u00e9e <span class=\"_ _3\"></span>et Solutions Logistiques (SCS) <span class=\"_ _3\"></span>(pr\u00e9c\u00e9demment nomm\u00e9e \u00ab\ue61fServices DVD\ue61f\u00bb). Le <span class=\"ls0 ws0\">changement <span class=\"_ _3\"></span>de d\u00e9nomination sociale de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"ls4 ws4\">SA </span>en <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"ls4 ws4\">SA </span></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>soumis <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>approuv\u00e9 <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actionnaires <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _37\"></span>SA, <span class=\"_ _37\"></span>lors <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du 6\ue61fseptembre 2022.GouvernanceLe <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>ailleurs <span class=\"_ _61\"> </span>identifi\u00e9 <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>nouveaux <span class=\"_ _61\"> </span>membres <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Conseil </span>d\u2019<span class=\"_ _0\"></span>administration\ue61f:\u2022Richard <span class=\"_ _37\"></span>Moat, <span class=\"_ _44\"> </span>ancien <span class=\"_ _44\"></span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _44\"> </span>g\u00e9n\u00e9ral <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>T<span class=\"_ _f\"></span>echnicolor<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>nomm\u00e9 Pr\u00e9sident de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022Luis <span class=\"_ _28\"> </span>Martinez<span class=\"ff945\">\u2011</span>Amago, <span class=\"_ _28\"> </span>ancien <span class=\"_ _62\"> </span>Pr\u00e9sident <span class=\"_ _28\"> </span>de <span class=\"_ _62\"> </span>la <span class=\"_ _62\"> </span>division <span class=\"_ _62\"> </span>Maison Connect\u00e9e<span class=\"_ _0\"></span>, a \u00e9t\u00e9 nomm\u00e9 <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>irecteur g\u00e9n\u00e9ral.9.<span class=\"_ _3\"></span>4<span class=\"_ _81\"> </span><span class=\"ls0 ws0\">Sommes allou\u00e9es aux membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et aux membr<span class=\"_ _0\"></span>es </span>du\ue61fComit\u00e9 E<span class=\"_ _0\"></span>x\u00e9cutifLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>pr\u00e9sence et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>r\u00e9mun\u00e9rations allou\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>(y <span class=\"_ _3\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>charges sociales <span class=\"_ _3\"></span>li\u00e9es) <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>0,8\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en </span>2022 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>0.9\ue61fmillion <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2021. <span class=\"_ _3\"></span>Une <span class=\"_ _3\"></span>retenue <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>source <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>e\ue61eectu\u00e9e <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>montants <span class=\"_ _3b\"></span>dus <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>non<span class=\"ffb40\">\u2011</span>r\u00e9sidents <span class=\"_ _3\"></span>fiscaux <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>France<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de pr\u00e9sence dus au titre de l\u2019<span class=\"_ _1\"></span>exercice 2022 seront vers\u00e9s en 2023.Les avantages <span class=\"_ _3\"></span>allou\u00e9s <span class=\"_ _3\"></span>par le <span class=\"_ _3\"></span>Groupe aux <span class=\"_ _3\"></span>membres <span class=\"_ _3\"></span>du Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif (incluant <span class=\"_ _3\"></span>ceux qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>quitt\u00e9 <span class=\"_ _3\"></span>cette fonction <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>des exercices <span class=\"_ _3\"></span>2022 et <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>se d\u00e9taillent comme suit\ue61fsur les exercices 2022 et 2021\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffb43 fc1\">2021</span>(1)Salaires et autres avantages \u00e0 court terme\ue61f<span class=\"_ _35e\"> </span>7<span class=\"_ _1de\"> </span>11A<span class=\"_ _0\"></span>vantages \u00e0 long terme<span class=\"_ _2a3\"> </span>3<span class=\"_ _b7\"> </span>2(2)Indemnit\u00e9s de d\u00e9part\ue61f<span class=\"_ _35c\"> </span>2<span class=\"_ _f5\"> </span>1Paiements fond\u00e9s sur des actions<span class=\"_ _35f\"> </span>1<span class=\"_ _19\"> </span>1TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _265\"> </span><span class=\"ffb43 ls0 ws0\">13<span class=\"_ _106\"> </span>15</span>(1) 9 membres en 2022 <span class=\"ls5e ws5e\">et </span>8 membres en 2021.(2) Les indemnit\u00e9s de d\u00e9part en retr<span class=\"_ _0\"></span>aite provisionn\u00e9es \u00e9taient quasi nulles aux 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022 <span class=\"ls5e ws5e\">et </span>2021.\ue61fEnfin, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>membres <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif <span class=\"_ _3\"></span>peuvent <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3\"></span>d\u2019indemnit\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cas <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cessation <span class=\"_ _3b\"></span>involontaire <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sans <span class=\"_ _3b\"></span>faute <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>fonction, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>montant global estim\u00e9 \u00e0 1,4\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-21-2": {
   "value": "1.2<span class=\"_ _7d\"> </span>Description des principes comptables appliqu\u00e9s p<span class=\"_ _0\"></span>ar le GroupeLes <span class=\"_ _64\"> </span>comptes <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>ont <span class=\"_ _64\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>arr\u00eat\u00e9s <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _64\"> </span></span>le <span class=\"_ _64\"> </span>9\ue61fmars <span class=\"_ _64\"> </span>2023. <span class=\"_ _64\"> </span>Conform\u00e9ment <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>la l\u00e9gislation <span class=\"_ _65\"> </span>fran\u00e7aise<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>ser<span class=\"_ _0\"></span>ont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s comme <span class=\"_\"> </span>d\u00e9finitifs <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_\"> </span>auront <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>approuv<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actionnaires <span class=\"_ _44\"> </span>du Groupe lors de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale des actionnaires<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>principes <span class=\"_ _46\"> </span>comptables <span class=\"_ _46\"> </span>suivis <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_\"> </span>sont <span class=\"_ _61\"> </span>identiques <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>ceux appliqu\u00e9s <span class=\"_ _44\"></span>pour <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>pr\u00e9paration <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>Groupe l\u2019<span class=\"_ _0\"></span>ann\u00e9e <span class=\"_ _6b\"> </span>pr\u00e9c\u00e9dente <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _6b\"> </span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _6b\"> </span>des <span class=\"_ _6c\"> </span>normes<span class=\"_ _0\"></span>, <span class=\"_ _6c\"> </span>amendements <span class=\"_ _6b\"> </span>et interpr\u00e9tations suivants qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 appliqu\u00e9s <span class=\"_ _3\"></span>pour la <span class=\"_ _3\"></span>premi\u00e8re fois <span class=\"_ _3\"></span>en 2022 (voir note 1.2.2.1).1.2.4Conversion des tr<span class=\"_ _0\"></span>ansactions en devisesConversion des \u00e9tats financiers exprim\u00e9s en devisesLes <span class=\"_\"> </span>\u00e9tats <span class=\"_ _46\"> </span>financiers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>entit\u00e9s <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>monnaie fonctionnelle <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>di\ue61d\u00e9r<span class=\"_ _0\"></span>ente <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>celle <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>selon <span class=\"_ _47\"> </span>les m\u00e9thodes suivantes\ue61f:\u2022les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>\u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au taux de change de cl\u00f4ture\ue61f;\u2022les <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ges <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>change moyen de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>.Les <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultant <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>inscrits <span class=\"_ _44\"> </span>directement <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>les autres \u00e9l\u00e9ments du R\u00e9sultat Glob<span class=\"_ _0\"></span>al.Comptabilisation des transactions en devises \u00e9tr<span class=\"_ _0\"></span>ang\u00e8resLes transactions <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>devises <span class=\"_ _3\"></span>\u00e9trang\u00e8res <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>converties au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>d\u2019op\u00e9r<span class=\"_ _0\"></span>ation. <span class=\"_ _3b\"></span>A <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>bilan, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>et passifs mon\u00e9taires <span class=\"_ _3\"></span>libell\u00e9s en <span class=\"_ _3\"></span>devises \u00e9trang\u00e8res <span class=\"_ _3\"></span>sont convertis <span class=\"_ _3\"></span>au cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cl\u00f4ture de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice. Les <span class=\"_ _3\"></span>di\ue61d\u00e9rences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>qui en <span class=\"_ _3\"></span>r\u00e9sultent sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>consolid\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>produit <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>perte de change.Les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_\"> </span>p<span class=\"_ _0\"></span>assifs <span class=\"_\"> </span>non <span class=\"_\"> </span>mon\u00e9taires <span class=\"_\"> </span>libell\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>devises <span class=\"_\"> </span>\u00e9tr<span class=\"_ _0\"></span>ang\u00e8res <span class=\"_\"> </span>sont convertis au cours de change historique en vigueur \u00e0 la date de transaction.Les <span class=\"_ _44\"> </span>principaux <span class=\"_\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>cl\u00f4tur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>cours <span class=\"_\"> </span>moyens <span class=\"_ _44\"> </span>retenus <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>indiqu\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>tableau <span class=\"_ _44\"> </span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_\"> </span>(pr<span class=\"_ _0\"></span>\u00e9sentant <span class=\"_\"> </span>une <span class=\"_ _44\"> </span>unit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _44\"> </span>convertie <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>devise \u00e9trang\u00e8re)\ue61f:Taux de cl\u00f4tureTaux moyen\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ff96a fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ff96a fc1\">2021</span>Dollar US (US$)<span class=\"_ _2be\"> </span>1,0666<span class=\"_ _d5\"> </span>1,<span class=\"_ _0\"></span>1326<span class=\"_ _194\"> </span>1,0563<span class=\"_ _9e\"> </span>1,<span class=\"_ _0\"></span>1851\ue61fLe <span class=\"ls0 ws0\">taux moyen est d\u00e9termin\u00e9 en calculant la moyenne des taux de cl\u00f4ture mensuels sur l\u2019<span class=\"_ _1\"></span>ann\u00e9e, sauf si la m\u00e9thode cr\u00e9e des distorsions mat\u00e9rielles.</span>FilialesT<span class=\"_ _23\"></span>outes <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>contr\u00f4l\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>entit\u00e9s ad <span class=\"_ _37\"> </span>hoc), <span class=\"_ _44\"> </span>c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _3b\"></span>dans <span class=\"_ _44\"> </span>lesquelles <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>d\u00e9cider des politiques <span class=\"_ _3\"></span>financi\u00e8re et op\u00e9rationnelle afin <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>obtenir les <span class=\"_ _3\"></span>b\u00e9n\u00e9fices des activit\u00e9s, <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>filiales <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>sont <span class=\"_ _37\"> </span>int\u00e9gr\u00e9es <span class=\"_ _37\"> </span>globalement. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>contr\u00f4le <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sum\u00e9 exister <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe d\u00e9tient <span class=\"_ _3\"></span>directement ou <span class=\"_ _3\"></span>indirectement plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>moiti\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>soci\u00e9t\u00e9 (sont pris <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes <span class=\"_ _61\"> </span>existants <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes potentiels <span class=\"_ _60\"> </span>imm\u00e9diatement <span class=\"_ _60\"> </span>exer\u00e7ables <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>convertibles) <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>qu\u2019il <span class=\"_ _60\"> </span>n\u2019y <span class=\"_ _60\"> </span>a aucun <span class=\"_\"> </span>autre <span class=\"_ _44\"> </span>actionnaire <span class=\"_\"> </span>qui <span class=\"_ _47\"> </span>d\u00e9tient <span class=\"_ _47\"> </span>un <span class=\"_ _47\"> </span>droit <span class=\"_ _44\"> </span>significatif <span class=\"_\"> </span>lui <span class=\"_\"> </span>permettant d\u2019<span class=\"_ _0\"></span>exercer <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>v\u00e9to <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>bloquer <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>d\u00e9cisions <span class=\"_\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>politiques financi\u00e8re <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>op\u00e9rationnelle <span class=\"_ _3b\"></span>prises <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _3b\"></span><span class=\"ff96b\">ad <span class=\"_ _37\"></span>hoc<span class=\"_ _3b\"></span></span> qui satisfont <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>crit\u00e8res <span class=\"_ _3\"></span>\u00e9nonc\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>IFRS\ue61f10 <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>par int\u00e9gration <span class=\"_ _46\"> </span>globale, <span class=\"_ _46\"> </span>quelle <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>forme <span class=\"_ _61\"> </span>juridique, <span class=\"_ _46\"> </span>quand <span class=\"_ _61\"> </span>bien m\u00eame le Groupe ne d\u00e9tient aucun titre dans ces entit\u00e9s<span class=\"_ _0\"></span>.Entr<span class=\"_ _0\"></span>eprises associ\u00e9esUne <span class=\"_ _37\"> </span>entreprise <span class=\"_ _44\"> </span>associ\u00e9e <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>laquelle <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>exerce une <span class=\"_\"> </span>in\ufb02uence <span class=\"_ _61\"> </span>notable <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>n\u2019est <span class=\"_\"> </span>ni <span class=\"_\"> </span>une <span class=\"_ _46\"> </span>filiale <span class=\"_ _46\"> </span>ni <span class=\"_ _61\"> </span>une <span class=\"_\"> </span>co<span class=\"ff968\">\u2011</span>entreprise. L<span class=\"_ _1\"></span>\u2019in\ufb02uence <span class=\"_ _44\"> </span>notable <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>participer <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9cisions <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux politiques <span class=\"_ _44\"> </span>op\u00e9rationnelle <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>financi\u00e8re <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _44\"> </span>sans <span class=\"_ _44\"> </span>d\u00e9tenir <span class=\"_\"> </span>ni <span class=\"_ _37\"> </span>le contr\u00f4le <span class=\"_ _4c\"> </span>exclusif<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>ni <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>contr\u00f4le <span class=\"_ _4c\"> </span>conjoint <span class=\"_ _4c\"> </span>sur <span class=\"_ _6f\"> </span>ces <span class=\"_ _4c\"> </span>politiques. <span class=\"_ _4c\"> </span>Les participations <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>entreprises <span class=\"_ _3\"></span>associ\u00e9es <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>\u00e9quivalence <span class=\"_ _37\"></span>conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61f11. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2019acquisition <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inclus <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable de la participation.Co<span class=\"ff968 ls0 ws0\">\u2011<span class=\"ff965\">entreprises</span></span>Une <span class=\"_ _3b\"></span>co<span class=\"ff968\">\u2011</span>entreprise <span class=\"_ _3b\"></span>r\u00e9sulte <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>contractuel <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>lequel <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>Groupe et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>partenaires <span class=\"_ _3\"></span>s\u2019entendent <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>mener <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>activit\u00e9 <span class=\"_ _3b\"></span>\u00e9conomique dans <span class=\"_ _47\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>contr\u00f4le <span class=\"_ _47\"> </span>conjoint. <span class=\"_ _44\"> </span>Les <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>telles soci\u00e9t\u00e9s <span class=\"_ _3\"></span>sont comptabilis\u00e9es <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise en <span class=\"_ _3\"></span>\u00e9quivalence conform\u00e9ment \u00e0 la norme IFRS\ue61f11.3<span class=\"_ _3\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">Information p<span class=\"_ _0\"></span>ar segment</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">groupe <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constitu\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies, <span class=\"_ _3\"></span>consid\u00e9r\u00e9es </span>comme <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>segments <span class=\"_ _61\"> </span>op\u00e9rationnels <span class=\"_ _46\"> </span>conform\u00e9ment <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>IFRS\ue61f8\ue61f: <span class=\"_ _61\"> </span>Maison Connect\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>Solutions <span class=\"_ _64\"> </span>Logistiques <span class=\"_ _64\"> </span>(SCS) <span class=\"_ _64\"> </span>(anciennement <span class=\"_ _64\"> </span>\u00ab\ue61fSer<span class=\"_ _3\"></span>vices D<span class=\"_ _0\"></span>VD\ue61f\u00bb).Le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>prend <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _60\"> </span>op\u00e9rationnelles <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9value <span class=\"_ _61\"> </span>les performances <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>base <span class=\"_ _61\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _60\"> </span>deux <span class=\"_ _60\"> </span>segments op\u00e9rationnels<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>restantes <span class=\"_ _3b\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>fonctions <span class=\"_ _3b\"></span>transverses) sont regroup\u00e9es dans le segment \u00ab\ue61f<span class=\"ff992\">C<span class=\"_ _0\"></span>orporate<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb.</span></span>Les <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>Licences <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>Marques <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Cr<span class=\"_ _0\"></span>eative <span class=\"_ _44\"> </span>Studios <span class=\"_ _47\"> </span>sont pr\u00e9sent\u00e9es dans <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2021 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>incluses <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la note informations par segment.Maison Connect\u00e9eLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">segment <span class=\"_ _3\"></span>Maison <span class=\"_ _3\"></span>Connect\u00e9e <span class=\"_ _3b\"></span>o\ue61ere <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>gamme <span class=\"_ _3b\"></span>compl\u00e8te <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>terminaux </span>domestiques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>op\u00e9rateurs <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>t\u00e9l\u00e9vision payante <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9seaux, <span class=\"_ _3\"></span>incluant <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>modems <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>passerelles <span class=\"_ _3\"></span>haut <span class=\"_ _3\"></span>d\u00e9bit, des <span class=\"_ _3b\"></span>d\u00e9codeurs <span class=\"_ _3\"></span>num\u00e9riques, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>appareils <span class=\"_ _3b\"></span>connect\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019\ue61f\u00ab\ue61fInternet <span class=\"_ _3\"></span>des objets\ue61f\u00bb. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _37\"> </span></span>segment <span class=\"_ _44\"> </span>Maison <span class=\"_ _3b\"></span>Connect\u00e9e <span class=\"_ _37\"> </span>g\u00e9n\u00e8re <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>revenus <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>vente de ces biens et des services associ\u00e9s.Solutions Logistiques (SCS)\ue61f(pr\u00e9c\u00e9demment nomm\u00e9e \u00ab\ue61fServices D<span class=\"_ _0\"></span>VD\ue61f\u00bb)Le <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">segment <span class=\"_ _60\"> </span></span>SCS<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">est <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span><span class=\"ff992\">leader<span class=\"_ _60\"> </span></span><span class=\"ws0\"> mondial <span class=\"_ _60\"> </span></span>dans <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9plication, </span>d\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>distribution <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>CD<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>DVD<span class=\"_ _1\"></span>, <span class=\"_ _3b\"></span>Blu<span class=\"ff993 ls0 ws0\">\u2011</span>ray\u2122 <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>vid\u00e9os, <span class=\"_ _3\"></span>jeux <span class=\"_ _3b\"></span>et musique. <span class=\"ls69 ws69\">Le </span>segment <span class=\"_ _3\"></span>porte une attention <span class=\"_ _3\"></span>particuli\u00e8re \u00e0 la diversification <span class=\"_ _3\"></span>de ses activit\u00e9s <span class=\"_ _65\"> </span>hors <span class=\"_ _64\"> </span>pack <span class=\"_ _65\"> </span>m\u00e9dia, <span class=\"_ _64\"> </span>o\ue61erant <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>solutions <span class=\"_ _65\"> </span>compl\u00e8tes <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>services d\u2019<span class=\"_ _0\"></span>approvisionnement, <span class=\"_ _3\"></span>comprenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>services <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>distribution, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>ex\u00e9cution, <span class=\"_ _3\"></span>de courtage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>fret <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>gestion <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transport. <span class=\"_ _3b\"></span><span class=\"ls1 ws1\">En <span class=\"_ _3b\"></span></span>outre, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>segment <span class=\"_ _3b\"></span>acc\u00e9l\u00e8re <span class=\"_ _3\"></span>le d\u00e9veloppement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>nouvelles <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>fabrication <span class=\"_\"> </span>non <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>disques, comprenant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>production <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dispositifs <span class=\"_ _3b\"></span>micro <span class=\"_ _3\"></span>\ufb02uidiques <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>polym\u00e8res destin\u00e9s <span class=\"_\"> </span>aux <span class=\"_\"> </span>diagnostics <span class=\"_ _47\"> </span>m\u00e9dicaux <span class=\"_\"> </span>et <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>inv<span class=\"_ _0\"></span>estissements <span class=\"_\"> </span>r\u00e9cents <span class=\"_\"> </span>dans <span class=\"_\"> </span>des capacit\u00e9s de <span class=\"_ _0\"></span>production d\u00e9di\u00e9es <span class=\"_ _0\"></span>\u00e0 la f<span class=\"_ _0\"></span>abrication de disques <span class=\"_ _0\"></span>vinyle.Corpor<span class=\"_ _0\"></span>ate<span class=\"ff98b\"> &amp; Autres</span>Le <span class=\"ls0 ws0\">segment \u00ab\ue61f<span class=\"ff992\">Corporat<span class=\"_ _0\"></span>e<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb regroupe\ue61f:</span></span></span>\u2022les <span class=\"_ _44\"> </span>fonctions <span class=\"_\"> </span>centrales <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _47\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>fonctions <span class=\"_ _64\"> </span>centrales, <span class=\"_ _65\"> </span>comme <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>achats, <span class=\"_ _65\"> </span>les Ressources <span class=\"_ _60\"> </span>Humaines<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>l\u2019informatique, <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>finance, <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>marketing <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>la communication, les <span class=\"_ _3\"></span>affaires juridiques et <span class=\"_ _3\"></span>la gestion de <span class=\"_ _3\"></span>l\u2019immobilier<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>qui ne <span class=\"_ _37\"> </span>prestent <span class=\"_ _44\"> </span>pas <span class=\"_ _37\"> </span>directement <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8re au <span class=\"_ _37\"> </span>sein <span class=\"_ _44\"> </span>des deux segments du Groupe\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _46\"> </span>Licences <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>Brevet, <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>mon\u00e9tise <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>droits <span class=\"_\"> </span>et <span class=\"_\"> </span>brevets <span class=\"_ _46\"> </span>non c\u00e9d\u00e9s \u00e0 InterD<span class=\"_ _0\"></span>igital\ue61f;\u2022les <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _65\"> </span>li\u00e9s <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>vendues, <span class=\"_ _64\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>des engagements <span class=\"_\"> </span>provenant <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>anciennes <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9lectronique <span class=\"_\"> </span>gr<span class=\"_ _0\"></span>and public, majoritairement des engagements de retraite et co\u00fbts juridiques<span class=\"_ _0\"></span>.Selon <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>15, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transfert de <span class=\"_ _60\"> </span>biens <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _60\"> </span>promis <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>clients <span class=\"_ _61\"> </span>pour <span class=\"_ _64\"> </span>des <span class=\"_ _61\"> </span>montants <span class=\"_ _64\"> </span>qui correspondent \u00e0 la contrepartie \u00e0 laquelle une entit\u00e9 s'attend \u00e0 av<span class=\"_ _0\"></span>oir droit en \u00e9change de ces biens et services.Lorsque <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9alis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>obligation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>performance ou <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _37\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>passif <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>est constat\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>bilan. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>out <span class=\"_ _3b\"></span>droit <span class=\"_ _3b\"></span>inconditionnel <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>paiement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9 s\u00e9par\u00e9ment en cr\u00e9ance client.Segment Maison Connect\u00e9eLe <span class=\"_ _66\"> </span>segment <span class=\"_ _4c\"> </span>Maison <span class=\"_ _66\"> </span>Connect\u00e9e <span class=\"_ _4c\"> </span>o\ue61fre <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>gamme <span class=\"_ _4c\"> </span>compl\u00e8te <span class=\"_ _66\"> </span>de terminaux <span class=\"_ _3b\"></span>domestiques <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>d\u00e9veloppe \u00e9galement <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>solutions <span class=\"_ _65\"> </span>logicielles. <span class=\"_ _65\"> </span>Les <span class=\"_ _65\"> </span>contrats <span class=\"_ _65\"> </span>sign\u00e9s <span class=\"_ _65\"> </span>n'ont <span class=\"_ _65\"> </span>pas d'obligation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_ _44\"> </span>multiple <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>il <span class=\"_ _44\"> </span>n'y <span class=\"_ _44\"> </span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>variable dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>temps. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>logiciels <span class=\"_ _44\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>modems <span class=\"_\"> </span>ou <span class=\"_ _37\"> </span>les <span class=\"_ _47\"> </span>d\u00e9codeurs num\u00e9riques <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>sp\u00e9cifiques <span class=\"_ _62\"> </span>\u00e0 <span class=\"_ _62\"> </span>chaque <span class=\"_ _62\"> </span>client <span class=\"_ _62\"> </span>et <span class=\"_ _63\"> </span>ne <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>pas commercialis\u00e9s <span class=\"_ _3\"></span>s\u00e9par\u00e9ment. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>revenus <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>des biens.Segment Solutions Logistiques (SCS)Notre <span class=\"_ _46\"> </span>division <span class=\"_ _61\"> </span>Solution <span class=\"_ _61\"> </span>Logistiques <span class=\"_ _46\"> </span>o\ue61fre <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>solutions <span class=\"_ _61\"> </span>cl\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _46\"> </span>main d\u2019<span class=\"_ _0\"></span>approvisionnement <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>services, <span class=\"_ _3b\"></span>incluant <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>mastering, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9plication, l\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>travers <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>distincts <span class=\"_ _3\"></span>(un <span class=\"_ _3b\"></span>contrat de <span class=\"_ _3\"></span>r\u00e9plication et <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>distribution). <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>variable sur <span class=\"_ _3\"></span>la dur\u00e9e <span class=\"_ _61\"> </span>du <span class=\"_ _64\"> </span>contrat, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>revenus <span class=\"_ _60\"> </span>sont <span class=\"_ _60\"> </span>ajust\u00e9s <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>anticiper <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>remise probable<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>divisions, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>de la livraison des services.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>deux divisions, <span class=\"_ _3\"></span>le chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires est <span class=\"_ _3\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>livraison des services.Les autres pr<span class=\"_ _0\"></span>oduits sont d\u00e9finis selon la recommandation 2013<span class=\"ff9be\">\u2011</span>03 du CNC relative au format des \u00e9tats financiers consolid\u00e9s pr\u00e9par\u00e9s selon les normes comptables <span class=\"_ _44\"> </span>internationales <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>incluent <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>significatifs <span class=\"_ _44\"> </span>qui, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>raison <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>nature <span class=\"_ _37\"> </span>exceptionnelle, <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>peuvent <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>consid\u00e9r\u00e9s <span class=\"_ _44\"> </span>comme inh\u00e9rents <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>courantes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3b\"></span></span>s\u2019agit <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>cessions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>consolid\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>int\u00e9gration globale, des co\u00fbts <span class=\"_ _3\"></span>engag\u00e9s <span class=\"_ _3\"></span>ou estim\u00e9s <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>des litiges <span class=\"_ _3\"></span>importants, ainsi <span class=\"_ _3\"></span>que des <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019IFRS\ue61f3 r\u00e9vis\u00e9e <span class=\"_ _3\"></span>et \u00e0 <span class=\"_ _3\"></span>l\u2019IAS\ue61f27 r\u00e9vis\u00e9e, comme <span class=\"_ _3\"></span>les co\u00fbts d\u2019<span class=\"_ _0\"></span>acquisition et les changements dans les compl\u00e9ments de prix li\u00e9s aux regroupements d\u2019<span class=\"_ _1\"></span>entreprises.Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.Les <span class=\"_ _47\"> </span>immobilisations <span class=\"_ _44\"> </span>incorporelles <span class=\"_\"> </span>correspondent <span class=\"_ _44\"> </span>principalement, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>droits <span class=\"_ _66\"> </span>d\u2019utilisation <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>brevets, <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>projets <span class=\"_ _66\"> </span>de d\u00e9veloppement <span class=\"_\"> </span>immobilis\u00e9s <span class=\"_\"> </span>et <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les clients.Les <span class=\"_ _63\"> </span>immobilisations <span class=\"_ _6b\"> </span>incorporelles <span class=\"_ _63\"> </span>acquises <span class=\"_ _6b\"> </span>dans <span class=\"_ _63\"> </span>le <span class=\"_ _6b\"> </span>cadre <span class=\"_ _63\"> </span>d\u2019un regroupement <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>comptabilis\u00e9es <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>la date d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>our les montants <span class=\"_ _3\"></span>significatifs, V<span class=\"_ _f\"></span>antiva s\u2019appuie sur des \u00e9valuateurs <span class=\"_ _65\"> </span>ind\u00e9pendants <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>d\u00e9terminer <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>juste <span class=\"_ _65\"> </span>valeur <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>ces immobilisations <span class=\"_ _3b\"></span>incorporelles. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>acquises s\u00e9par\u00e9ment <span class=\"_ _62\"> </span>sont <span class=\"_ _6b\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9es <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _63\"> </span>leur <span class=\"_ _63\"> </span>co\u00fbt <span class=\"_ _63\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _63\"> </span>et <span class=\"_ _63\"> </span>les immobilisations g\u00e9n\u00e9r\u00e9es en interne \u00e0 leur co\u00fbt de production.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>comprend <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _3b\"></span>d\u2019achat <span class=\"_ _3\"></span>major\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tous <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>co\u00fbts </span>associ\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>directement <span class=\"_ _3\"></span>attribuables <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>service de <span class=\"_ _3\"></span>l\u2019immobilisation. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ous <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>co\u00fbts, <span class=\"_ _3b\"></span>y <span class=\"_ _3\"></span>compris <span class=\"_ _3b\"></span>ceux <span class=\"_ _3b\"></span>encourus <span class=\"_ _3\"></span>pour g\u00e9n\u00e9rer certains <span class=\"_ _3\"></span>actifs en <span class=\"_ _3\"></span>interne <span class=\"_ _3\"></span>comme les <span class=\"_ _3\"></span>marques, les listes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>clients et <span class=\"_ _3b\"></span>autres <span class=\"_ _3b\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>similaires, <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment o\u00f9 ils sont encourus.Les immobilisations incorporelles \u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie <span class=\"_ _3\"></span>d\u00e9finie sont <span class=\"_ _3\"></span>amorties sur leur dur\u00e9e d\u2019utilit\u00e9 et sont <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es en cas de perte de <span class=\"_ _3\"></span>valeur identifi\u00e9e. Selon <span class=\"_ _28\"> </span>la <span class=\"_ _28\"> </span>nature <span class=\"_ _6f\"> </span>et <span class=\"_ _28\"> </span>l\u2019utilisation <span class=\"_ _28\"> </span>des <span class=\"_ _28\"> </span>immobilisations <span class=\"_ _28\"> </span>incorporelles, l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>l\u2019un <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>postes suivants\ue61e: <span class=\"_ _44\"> </span>\u00ab\ue61eCo\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019activit\u00e9\ue61e\u00bb, <span class=\"_ _37\"></span>\u00ab\ue61eFrais <span class=\"_ _44\"> </span>commerciaux <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>administratifs\ue61e\u00bb, \u00ab\ue61eAutres <span class=\"_ _20\"> </span>produits <span class=\"_ _d\"> </span>(charges)\ue61e\u00bb <span class=\"_ _20\"> </span>ou <span class=\"_ _20\"> </span>\u00ab\ue61eFr<span class=\"_ _0\"></span>ais <span class=\"_ _20\"> </span>de <span class=\"_ _20\"> </span>recherche <span class=\"_ _20\"> </span>et d\u00e9veloppement\ue61e\u00bb.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>incorporels <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie <span class=\"_ _37\"></span>ind\u00e9finie <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _37\"></span>amortis <span class=\"_ _3b\"></span>mais sont <span class=\"_ _65\"> </span>rattach\u00e9s <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>UG<span class=\"_ _0\"></span>T <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>soumis <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>test <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation annuellement (voir note 4.5).Principe comptable sujet \u00e0 estimations et\ue61fjugementsConcernant <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>d\u00e9finie, <span class=\"_ _3\"></span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>utilis\u00e9es <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vie <span class=\"_ _64\"> </span>attendue <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>actifs <span class=\"_ _64\"> </span>afin <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>leurs <span class=\"_ _64\"> </span>dur\u00e9es d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(ii) <span class=\"_ _37\"></span>constater<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation de la valeur au bilan de ces immobilisations. Les estimations utilis\u00e9es pour d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>indiqu\u00e9es dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>manuel <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>principes <span class=\"_ _3\"></span>comptables <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>appliqu\u00e9es de fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Concernant <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>incorporels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vie <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _61\"> </span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la valeur <span class=\"_ _64\"> </span>recouvrable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _64\"> </span>actifs. <span class=\"_ _64\"> </span>(voir <span class=\"_ _64\"> </span>note <span class=\"_ _64\"> </span>4.5 <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>principes comptables de la perte de valeur sur ces actifs).Les <span class=\"_ _66\"> </span>marques <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>consid\u00e9r\u00e9es <span class=\"_ _4c\"> </span>comme <span class=\"_ _66\"> </span>ayant <span class=\"_ _4c\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9e <span class=\"_ _4c\"> </span>d\u2019utilit\u00e9 ind\u00e9termin\u00e9e. <span class=\"_ _66\"> </span>E<span class=\"_ _0\"></span>lles <span class=\"_ _66\"> </span>ne <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>donc <span class=\"_ _66\"> </span>pas <span class=\"_ _66\"> </span>amorties <span class=\"_ _66\"> </span>mais <span class=\"_ _66\"> </span>font <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>objet s\u00e9par\u00e9ment <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>test <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>annuel. <span class=\"_ _46\"> </span>Les <span class=\"_ _61\"> </span>principales <span class=\"_\"> </span>raisons ayant conduit le <span class=\"_ _3\"></span>Groupe \u00e0 appr\u00e9cier le <span class=\"_ _3\"></span>caract\u00e8re ind\u00e9termin\u00e9 de la <span class=\"_ _3\"></span>dur\u00e9e d\u2019utilit\u00e9 <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>marques <span class=\"_ _37\"></span>ont <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>principalement <span class=\"_ _37\"> </span>leur <span class=\"_ _44\"> </span>positionnement <span class=\"_ _3b\"></span>sur <span class=\"_ _44\"> </span>le march\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>volume <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>activit\u00e9, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>internationale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de notori\u00e9t\u00e9, ainsi que leur r<span class=\"_ _0\"></span>entabilit\u00e9 attendue \u00e0 long terme.Relations contr<span class=\"_ _0\"></span>actuelles avec les clientsLes <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>clients <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont <span class=\"_\"> </span>acquises <span class=\"_\"> </span>dans <span class=\"_\"> </span>le cadre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>regroupements <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>amorties <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilit\u00e9 attendue des <span class=\"_ _3\"></span>relations qui varie entre <span class=\"_ _3\"></span>8 et 20 <span class=\"_ _3\"></span>ans et <span class=\"_ _3\"></span>qui prend en <span class=\"_ _3\"></span>compte les <span class=\"_ _37\"> </span>renouvellements <span class=\"_ _37\"> </span>probables <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>contrats <span class=\"_ _37\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>clients qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>comprise <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>1 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>5 <span class=\"_ _3\"></span>ans. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>m\u00e9thode d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3b\"></span>initiale <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>surprofits <span class=\"_ _3\"></span>attendus <span class=\"_ _3b\"></span>bas\u00e9s sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>correspondants <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>portefeuille de <span class=\"_\"> </span>client\u00e8le <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_\"> </span>Celles<span class=\"ff9db\">\u2011</span>ci <span class=\"_\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_\"> </span>d\u2019un <span class=\"_ _46\"> </span>test <span class=\"_\"> </span>de d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _37\"> </span>o\u00f9 <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>management <span class=\"_ _44\"> </span>identifie <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>indication <span class=\"_ _44\"> </span>de perte de valeur de ces actifs<span class=\"_ _0\"></span>.Brevets et licences de br<span class=\"_ _0\"></span>evetsLes <span class=\"_ _61\"> </span>brevets <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>amortis <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>mani\u00e8re <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>dur\u00e9e <span class=\"_ _46\"> </span>d\u2019utilit\u00e9 attendue. <span class=\"_ _66\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>licences <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>brevet <span class=\"_ _66\"> </span>d\u00e9pend <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la temporalit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>\u00e9conomiques <span class=\"_ _61\"> </span>futurs <span class=\"_\"> </span>attendus, <span class=\"_ _46\"> </span>mesur\u00e9s <span class=\"_ _61\"> </span>en volumes <span class=\"_ _6c\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _6c\"> </span>de <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>licences. <span class=\"_ _6c\"> </span>Lorsque <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>avantages \u00e9conomiques <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>distribu\u00e9s <span class=\"_ _28\"> </span>de <span class=\"_ _6f\"> </span>mani\u00e8re <span class=\"_ _28\"> </span>globalement <span class=\"_ _6f\"> </span>\u00e9gale <span class=\"_ _6f\"> </span>ou incertaine <span class=\"_ _37\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>d\u2019utilit\u00e9, <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _44\"> </span>est <span class=\"_ _3b\"></span>amorti <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>mani\u00e8re <span class=\"_ _37\"></span>lin\u00e9aire. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>cas <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>volumes <span class=\"_ _37\"> </span>d\u00e9croissants, <span class=\"_ _37\"> </span>l\u2019actif <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>amorti <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>volumes vendus, et le rythme d\u2019<span class=\"_ _1\"></span>amortissement revu \u00e0 chaque arr\u00eat\u00e9.Autres immobilisations incorporellesCe <span class=\"ls0 ws0\">poste comprend principalement les <span class=\"_ _3\"></span>logiciels acquis ou d\u00e9velopp\u00e9s <span class=\"_ _3\"></span>en </span>interne et les technologies acquises.Les <span class=\"_\"> </span>d\u00e9penses <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>echerche <span class=\"_\"> </span>sont <span class=\"_\"> </span>comptabilis\u00e9es <span class=\"_ _47\"> </span>en charges <span class=\"_ _63\"> </span>au <span class=\"_ _63\"> </span>moment <span class=\"_ _63\"> </span>o\u00f9 <span class=\"_ _63\"> </span>elles <span class=\"_ _63\"> </span>sont <span class=\"_ _6b\"> </span>encourues<span class=\"_ _0\"></span>. <span class=\"_ _63\"> </span>Les <span class=\"_ _63\"> </span>co\u00fbts <span class=\"_ _6b\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>charges <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>encourus, sauf <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span>projet <span class=\"_ _61\"> </span>auquel <span class=\"_ _61\"> </span>ils <span class=\"_ _61\"> </span>se <span class=\"_ _60\"> </span>rapportent <span class=\"_ _61\"> </span>satisfait <span class=\"_ _61\"> </span>aux <span class=\"_ _61\"> </span>conditions <span class=\"_ _61\"> </span>de capitalisation <span class=\"_ _44\"> </span>d\u2019IAS\ue61f38. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>projets <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>d\u00e9veloppement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>ceux <span class=\"_ _46\"> </span>ayant <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>objectif <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>d\u00e9veloppement <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>nouveaux proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>am\u00e9lioration <span class=\"_ _64\"> </span>notable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>existants, <span class=\"_ _60\"> </span>qui <span class=\"_ _65\"> </span>sont consid\u00e9r\u00e9s <span class=\"_\"> </span>comme <span class=\"_ _46\"> </span>techniquement <span class=\"_ _46\"> </span>viables <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>dont <span class=\"_ _46\"> </span>il <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>attendu <span class=\"_\"> </span>des b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>\u00e9conomiques <span class=\"_ _28\"> </span>futurs <span class=\"_ _6f\"> </span>pour <span class=\"_ _28\"> </span>le <span class=\"_ _28\"> </span>Groupe. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>projets <span class=\"_ _6f\"> </span>de d\u00e9veloppement <span class=\"_ _6c\"> </span>sont <span class=\"_ _2a\"> </span>comptabilis\u00e9s <span class=\"_ _2a\"> </span>\u00e0 <span class=\"_ _2a\"> </span>leur <span class=\"_ _2a\"> </span>co\u00fbt <span class=\"_ _2a\"> </span>diminu\u00e9 <span class=\"_ _2a\"> </span>des amortissements <span class=\"_ _4c\"> </span>et <span class=\"_ _4c\"> </span>des <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _4c\"> </span>\u00e9ventuelles. <span class=\"_ _4c\"> </span><span class=\"ls4 ws4\">Ce <span class=\"_ _4c\"> </span></span>co\u00fbt <span class=\"_ _6f\"> </span>inclut l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>directs <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>personnel <span class=\"_ _61\"> </span>(y <span class=\"_ _61\"> </span>compris <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>des avantages <span class=\"_ _3\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi), <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mat\u00e9riaux <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>des co\u00fbts <span class=\"_ _63\"> </span>des <span class=\"_ _63\"> </span>prestations <span class=\"_ _63\"> </span>externes <span class=\"_ _6b\"> </span>n\u00e9cessaires <span class=\"_ _63\"> </span>pour <span class=\"_ _63\"> </span>le <span class=\"_ _63\"> </span>projet <span class=\"_ _63\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>diminu\u00e9 <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>cr\u00e9dits <span class=\"_ _37\"> </span>d\u2019imp\u00f4t <span class=\"_ _44\"> </span>\u00e9ventuels. <span class=\"_ _37\"></span>Ils sont amortis sur <span class=\"_ _3\"></span>une dur\u00e9e d\u2019un an <span class=\"_ _3\"></span>\u00e0 cinq ans <span class=\"_ _3\"></span>\u00e0 compter de <span class=\"_ _3\"></span>la production commerciale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>produits <span class=\"_ _3b\"></span>li\u00e9s, <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _37\"></span>vendues, <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la base des unit\u00e9s produites ou selon la m\u00e9thode lin\u00e9aire<span class=\"_ _0\"></span>.Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>corporelles <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 des <span class=\"_ _46\"> </span>amortissements <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _61\"> </span>\u00e9ventuelles<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _46\"> </span>est calcul\u00e9 <span class=\"_ _61\"> </span>essentiellement <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_ _61\"> </span>de volumes <span class=\"_ _3b\"></span>d\u00e9croissants <span class=\"_ _37\"></span>selon <span class=\"_ _37\"></span>la <span class=\"_ _44\"></span>m\u00e9thode <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>production <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _44\"> </span>d\u2019utilit\u00e9 <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>comprise <span class=\"_ _44\"> </span>entre <span class=\"_ _44\"> </span>20 <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>40 <span class=\"_\"> </span>ans <span class=\"_ _44\"> </span>pour <span class=\"_\"> </span>les constructions <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>1 <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>12 <span class=\"_ _60\"> </span>ans <span class=\"_ _60\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _61\"> </span>installations <span class=\"_ _60\"> </span>techniques, mat\u00e9riels et <span class=\"_ _3\"></span>outillages. P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>certaines immobilisations <span class=\"_ _3\"></span>complexes<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>chaque composant <span class=\"_ _65\"> </span>significatif <span class=\"_ _65\"> </span>poss\u00e9dant <span class=\"_ _66\"> </span>une <span class=\"_ _65\"> </span>dur\u00e9e <span class=\"_ _65\"> </span>d\u2019utilit\u00e9 <span class=\"_ _66\"> </span>ou <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>mode d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>mani\u00e8re <span class=\"_ _60\"> </span>individuelle, amorti <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>propre <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>suivi <span class=\"_ _3\"></span>sp\u00e9cifique pour les d\u00e9penses ult\u00e9rieures qui lui sont li\u00e9es<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsDes <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>utilis\u00e9es <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>de vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>afin <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>leurs <span class=\"_ _37\"></span>dur\u00e9es <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>amortissement et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>(ii) <span class=\"_ _44\"></span>constater<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant, <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>au bilan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>immobilisations. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>d\u00e9terminer <span class=\"_ _3\"></span>la dur\u00e9e de vie attendue <span class=\"_ _3\"></span>des immobilisations sont <span class=\"_ _3\"></span>indiqu\u00e9es dans le <span class=\"_ _3\"></span>manuel des <span class=\"_ _60\"> </span>principes <span class=\"_ _64\"> </span>comptables <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>appliqu\u00e9es <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Le <span class=\"ls0 ws0\">Groupe a adopt\u00e9 la <span class=\"_ _3\"></span>norme IFRS\ue61f16 au 1\ue61fjanvier 2019. La norme fournit </span>un <span class=\"_ _66\"> </span>mod\u00e8le <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>comptabilisation <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>contrats <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>location <span class=\"_ _66\"> </span>unique, obligeant <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>preneur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>comptabiliser <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>tous <span class=\"_ _3b\"></span>les contrats <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>location, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inf\u00e9rieure ou <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>12 <span class=\"_ _3b\"></span>mois <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019actif <span class=\"_ _3\"></span>sous<span class=\"ff9f1\">\u2011</span>jacent <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>faible <span class=\"_ _3b\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>valeur initiale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>droits <span class=\"_ _37\"></span>d\u2019utilisation <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2018actif <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>somme <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur actuelle des <span class=\"_ _3\"></span>loyers <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de location <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>frais directs <span class=\"_ _3\"></span>encourus lors <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>conclusion <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>modification <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>location. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>Groupe amortit <span class=\"_ _3\"></span>ses droits d\u2019utilisation <span class=\"_ _3\"></span>\u00e0 l\u2019actif selon la <span class=\"_ _3\"></span>m\u00e9thode lin\u00e9aire, \u00e0 partir <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>pr\u00eat \u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>utilis\u00e9 <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin du bail.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>location, <span class=\"_ _37\"></span>principalement <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>immeubles, prend <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat <span class=\"_ _3b\"></span>non <span class=\"_ _3b\"></span>r\u00e9siliable, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat r\u00e9siliable <span class=\"_ _6c\"> </span>et <span class=\"_ _2a\"> </span>les <span class=\"_ _2a\"> </span>options <span class=\"_ _6c\"> </span>d\u2019extension, <span class=\"_ _6c\"> </span>lorsque <span class=\"_ _6c\"> </span>le <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>est raisonnablement <span class=\"_\"> </span>certain <span class=\"_ _44\"> </span>d\u2019ex<span class=\"_ _0\"></span>ercer <span class=\"_\"> </span>ces <span class=\"_\"> </span>options <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>extension. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_\"> </span></span>Groupe r\u00e9\u00e9value <span class=\"_ _37\"> </span>s\u2019il <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>raisonnablement <span class=\"_ _37\"> </span>certain <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>appr\u00e9ciant <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>informations suivantes\ue61f:\u2022la dur\u00e9e d\u2019<span class=\"_ _0\"></span>amortissement des am\u00e9nagements\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>\u00e9volution des loyers par rapport aux prix du march\u00e9\ue61f;\u2022visibilit\u00e9 sur l\u2019<span class=\"_ _0\"></span>activit\u00e9 commerciale de chaque site.Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition, <span class=\"_ _3\"></span>les <span class=\"_ _37\"> </span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>projets <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9veloppement <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un test <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>ann\u00e9e <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>quatri\u00e8me <span class=\"_ _3\"></span>trimestre, <span class=\"_ _3\"></span>mis \u00e0 jour \u00e0 fin d\u00e9cembre, ainsi qu\u2019<span class=\"_ _0\"></span>\u00e0 chaque fois que des indicateurs <span class=\"_ _3\"></span>montrent qu\u2019une perte de valeur a pu \u00eatre encourue<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>r\u00e9aliser les <span class=\"_ _3\"></span>tests <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>sont regroup\u00e9s <span class=\"_ _3\"></span>au niveau le <span class=\"_ _46\"> </span>plus <span class=\"_ _61\"> </span>bas <span class=\"_\"> </span>auquel <span class=\"_ _61\"> </span>ces <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>peuvent <span class=\"_\"> </span>g\u00e9n\u00e9rer <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>tr\u00e9sorerie ind\u00e9pendants <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>autres <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>allou\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>une unit\u00e9 <span class=\"_ _61\"> </span>g\u00e9n\u00e9ratrice <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>(UGT<span class=\"_ _3\"></span>) <span class=\"_ _61\"> </span>regroupant <span class=\"_ _61\"> </span>plusieurs <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficieront <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>synergies <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>acquisitions. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _73\"> </span>a <span class=\"_ _13\"> </span>identifi\u00e9 <span class=\"_ _13\"> </span>deux <span class=\"_ _13\"> </span>UGT\ue61dcorrespondant <span class=\"_ _73\"> </span>aux <span class=\"_ _13\"> </span>segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3\"></span>corporelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>incorporelles <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vie <span class=\"_ _3\"></span>d\u00e9finie <span class=\"_ _3b\"></span>et les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>tests <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>uniquement lorsque, <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cl\u00f4ture<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>\u00e9v\u00e9nements <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>circonstances indiquent <span class=\"_ _64\"> </span>qu\u2019une <span class=\"_ _65\"> </span>perte <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>valeur <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>pu <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>subie. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>principaux indicateurs d\u2019un <span class=\"_ _3\"></span>risque de perte <span class=\"_ _3\"></span>de valeur de <span class=\"_ _3\"></span>ces immobilisations incluent l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _d\"> </span>de <span class=\"_ _20\"> </span>changements <span class=\"_ _d\"> </span>significatifs <span class=\"_ _d\"> </span>dans <span class=\"_ _20\"> </span>l\u2019<span class=\"_ _1\"></span>environnement \u00e9conomique <span class=\"_\"> </span>des <span class=\"_\"> </span>actifs, <span class=\"_\"> </span>une <span class=\"_\"> </span>baisse <span class=\"_\"> </span>importante <span class=\"_\"> </span>dans <span class=\"_\"> </span>les <span class=\"_\"> </span>performances \u00e9conomiques <span class=\"_ _61\"> </span>attendues <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>actifs, <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>baisse <span class=\"_ _61\"> </span>importante <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>chi\ue61cre d\u2019<span class=\"_ _0\"></span>a\ue61caires ou de <span class=\"_ _3\"></span>la marge par rapport \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice pr\u00e9c\u00e9dent et par <span class=\"_ _3\"></span>rapport au budget ou une baisse de la part de march\u00e9 du Gr<span class=\"_ _0\"></span>oupe.Le <span class=\"ls0 ws0\">test de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation consiste \u00e0 comparer la valeur nette comptable de </span>l\u2019<span class=\"_ _0\"></span>actif avec <span class=\"_ _3\"></span>sa valeur recouvrable<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>celle<span class=\"ff9fb\">\u2011</span>ci \u00e9tant d\u00e9finie <span class=\"_ _3\"></span>comme le montant le <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>\u00e9lev\u00e9 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>(diminu\u00e9e <span class=\"_ _37\"></span>du <span class=\"_ _37\"> </span>co\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cession) <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la valeur d\u2019utilit\u00e9<span class=\"_ _0\"></span>.La juste valeur (diminu\u00e9e du co\u00fbt de cession) correspond au montant qui peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>obtenu <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>vente <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_ _46\"> </span>d\u2019une <span class=\"_ _46\"> </span>UGT<span class=\"_ _3\"></span>) <span class=\"_\"> </span>lors <span class=\"_ _61\"> </span>d\u2019une transaction <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>conditions <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>concurrence <span class=\"_ _64\"> </span>normale <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>des parties <span class=\"_ _3\"></span>bien <span class=\"_ _3\"></span>inform\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>consentantes, <span class=\"_ _3\"></span>diminu\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sortie. <span class=\"_ _3\"></span>Elle peut <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>(ou <span class=\"_ _3b\"></span>pour l\u2019UGT<span class=\"_ _3\"></span>) ou en utilisant <span class=\"_ _3\"></span>une m\u00e9thode bas\u00e9e sur <span class=\"_ _3\"></span>les \ufb02ux futurs de <span class=\"_ _3\"></span>tr\u00e9sorerie actualis\u00e9s, <span class=\"_ _3b\"></span>\u00e9tablis <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>perspective <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9, <span class=\"_ _3\"></span>qui <span class=\"_ _37\"></span>inclut les entr\u00e9es <span class=\"_ _3\"></span>et les <span class=\"_ _3\"></span>sorties <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>futures estim\u00e9es <span class=\"_ _3\"></span>susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre g\u00e9n\u00e9r\u00e9es <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>restructurations <span class=\"_ _65\"> </span>futur<span class=\"_ _0\"></span>es <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>am\u00e9lioration <span class=\"_ _65\"> </span>ou l\u2019<span class=\"_ _0\"></span>accroissement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>exclut <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>synergies attendues avec d\u2019<span class=\"_ _0\"></span>autres UGT du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>d\u2019utilit\u00e9 <span class=\"_ _3\"></span>correspond <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>des \ufb02ux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie futurs attendus de l\u2019<span class=\"_ _0\"></span>actif ou de l\u2019UGT<span class=\"_ _1\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>recouvrable, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>utilise <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>estimations des <span class=\"_ _47\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _47\"> </span>avant <span class=\"_ _44\"> </span>imp\u00f4t <span class=\"_\"> </span>actualis\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif incluant <span class=\"_\"> </span>une <span class=\"_\"> </span>valeur <span class=\"_\"> </span>terminale <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_\"> </span>\u00e9ch\u00e9ant. <span class=\"_\"> </span>Ces <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>sont <span class=\"_\"> </span>issus <span class=\"_\"> </span>des budgets <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>plus <span class=\"_ _44\"> </span>r\u00e9cents <span class=\"_ _44\"> </span>approuv\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>estim\u00e9s <span class=\"_ _3\"></span>sont actualis\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>taux de march\u00e9 long <span class=\"_ _3\"></span>terme avant <span class=\"_ _3\"></span>imp\u00f4t, qui re\ufb02\u00e8te <span class=\"_ _3\"></span>la valeur temps <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>argent et les risques sp\u00e9cifiques des actifs.Lorsque <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>valeur <span class=\"_ _60\"> </span>recouvrable <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _61\"> </span>(ou <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>actifs) <span class=\"_ _60\"> </span>est inf\u00e9rieure <span class=\"_ _63\"> </span>\u00e0 <span class=\"_ _63\"> </span>sa <span class=\"_ _6b\"> </span>valeur <span class=\"_ _63\"> </span>nette <span class=\"_ _6b\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_ _6b\"> </span>une <span class=\"_ _63\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _63\"> </span>est comptabilis\u00e9e <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>\u00ab\ue61dP<span class=\"_ _0\"></span>ertes <span class=\"_\"> </span>de <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>actifs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>exploitation <span class=\"_\"> </span>non courants\ue61d\u00bb <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>poursuivies <span class=\"_\"> </span>ou <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant <span class=\"_\"> </span>en <span class=\"_\"> </span>r\u00e9sultat <span class=\"_\"> </span>des activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. Conform\u00e9ment <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>IAS\ue61d36, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation <span class=\"_ _47\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition ne peut jamais faire l\u2019<span class=\"_ _1\"></span>objet d\u2019une reprise.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _6f\"> </span>valeur <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>comptes <span class=\"_ _6f\"> </span>consolid\u00e9s <span class=\"_ _6f\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3\"></span>ayant <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _65\"> </span>est <span class=\"_ _65\"> </span>revue <span class=\"_ _65\"> </span>annuellement <span class=\"_ _66\"> </span>conform\u00e9ment <span class=\"_ _65\"> </span>aux <span class=\"_ _65\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9alisation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tests <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>pour d\u00e9pr\u00e9ciation <span class=\"_ _65\"> </span>constitue <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>principe <span class=\"_ _66\"> </span>comptable <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sujet <span class=\"_ _66\"> </span>\u00e0 estimations <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>jugements <span class=\"_ _44\"> </span>car <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>d\u00e9termination <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>valeurs <span class=\"_ _37\"> </span>recouvrables des <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>acquisition <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>incorporelles <span class=\"_ _44\"> </span>ayant <span class=\"_ _44\"> </span>une dur\u00e9e <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>vie <span class=\"_ _6f\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _4c\"> </span>suppose <span class=\"_ _4c\"> </span>l\u2019utilisation <span class=\"_ _4c\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _6f\"> </span>qui n\u00e9cessitent <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>jugement <span class=\"_ _65\"> </span>telles <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>(i) <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_\"> </span>n\u00e9cessaires <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actualisation <span class=\"_\"> </span>des <span class=\"_\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>les <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>ou <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>unit\u00e9s <span class=\"_ _46\"> </span>g\u00e9n\u00e9ratrices <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>tr\u00e9sorerie, <span class=\"_\"> </span>(ii) <span class=\"_ _61\"> </span>la d\u00e9termination <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>op\u00e9rationnels <span class=\"_ _3b\"></span>futurs, <span class=\"_ _3b\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>leur valeur <span class=\"_ _1c7\"> </span>terminale, <span class=\"_ _1c7\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _73\"> </span>du <span class=\"_ _1c7\"> </span>chi\ue61cre <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61caires <span class=\"_ _1c7\"> </span>li\u00e9 <span class=\"_ _1c7\"> </span>aux immobilisations <span class=\"_ _65\"> </span>test\u00e9es, <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>marge <span class=\"_ _65\"> </span>op\u00e9rationnelle <span class=\"_ _65\"> </span>attach\u00e9e <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les p\u00e9riodes futures concern\u00e9es et le taux de redev<span class=\"_ _0\"></span>ances pour les marques.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">compl\u00e9ment <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>test <span class=\"_ _3\"></span>annuel <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>revoit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>chaque </span>date <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>arr\u00eat\u00e9 <span class=\"_ _3\"></span>certains <span class=\"_ _3b\"></span>indicateurs <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>conduire, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, \u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>test <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>consid\u00e8re <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>mises <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>jour <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>croissance <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>chi\ue61cre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61caires<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>valeurs <span class=\"_ _3b\"></span>terminales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les taux de redevances sont raisonnables et en <span class=\"_ _3\"></span>ligne avec les informations de march\u00e9 mises \u00e0 jour disponibles pour chaque <span class=\"ls6 ws6\">U<span class=\"_ _3b\"></span>G<span class=\"_ _3b\"></span>T.</span>Les <span class=\"_ _46\"> </span>stocks <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>\u00e9valu\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>de production. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>production <span class=\"_ _37\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>directs <span class=\"_ _44\"> </span>de mati\u00e8re premi\u00e8re, les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel et <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>partie <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>frais g\u00e9n\u00e9raux repr\u00e9sentatifs <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts <span class=\"_ _61\"> </span>indirects <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>production, <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>excluent <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>frais administratifs<span class=\"_ _0\"></span>. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>v<span class=\"_ _0\"></span>endus <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>d\u00e9termin\u00e9 <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>la m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>co\u00fbt <span class=\"_ _44\"> </span>unitaire <span class=\"_ _44\"> </span>moyen <span class=\"_ _47\"> </span>pond\u00e9r\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>premier entr\u00e9 - premier sorti, <span class=\"_ _3\"></span>selon la nature du <span class=\"_ _3\"></span>stock concern\u00e9. Une d\u00e9pr\u00e9ciation est constat\u00e9e lorsque la <span class=\"_ _3\"></span>valeur comptable des stocks est sup\u00e9rieure \u00e0 leur valeur nette de r\u00e9alisation.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _37\"> </span>Direction <span class=\"_ _3b\"></span>tient <span class=\"_ _44\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tous <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>susceptibles <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>avoir <span class=\"_ _37\"> </span>un impact <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valorisation <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>stocks, <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baisse <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>projections <span class=\"_ _3\"></span>de ventes, <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>baisse <span class=\"_ _60\"> </span>attendue <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>prix <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vente, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actions <span class=\"_ _61\"> </span>sp\u00e9cifiques d\u2019<span class=\"_ _0\"></span>am\u00e9lioration ou de relance commerciale et l\u2019<span class=\"_ _0\"></span>obsolescence ou <span class=\"_ _3\"></span>la rotation lente.Les <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.E<span class=\"_ _0\"></span>stimation des redevances \u00e0 payerD<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_\"> </span>cadr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>normal <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>ses <span class=\"_ _47\"> </span>activit\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_ _44\"> </span>\u00e0 utiliser certaines <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>prot\u00e9g\u00e9es par <span class=\"_ _3\"></span>des brevets <span class=\"_ _3\"></span>d\u00e9tenus par <span class=\"_ _3\"></span>des tiers. D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>la majorit\u00e9 <span class=\"_ _3\"></span>des cas, le <span class=\"_ _3\"></span>montant des <span class=\"_ _3\"></span>royalties \u00e0 payer <span class=\"_ _3\"></span>\u00e0 ces <span class=\"_ _3\"></span>tiers pour <span class=\"_ _3\"></span>l\u2019utilisation <span class=\"_ _3\"></span>de ces <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>d\u00e9fini <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat formel <span class=\"_ _3\"></span>de licences. <span class=\"_ _37\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>certains <span class=\"_ _44\"> </span>cas, <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>particulier <span class=\"_ _37\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>premi\u00e8res <span class=\"_ _37\"></span>ann\u00e9es d\u2019une <span class=\"_ _65\"> </span>technologie <span class=\"_ _65\"> </span>\u00e9mergente, <span class=\"_ _65\"> </span>quand <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>appartenance <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>droits <span class=\"_ _65\"> </span>de Propri\u00e9t\u00e9 intellectuelle <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>\u00eatre d\u00e9termin\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>certaine, le <span class=\"_\"> </span>jugement <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>Direction <span class=\"_\"> </span>est <span class=\"_\"> </span>utilis\u00e9 <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_\"> </span>la <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>obabilit\u00e9 qu\u2019un <span class=\"_ _61\"> </span>tiers <span class=\"_ _60\"> </span>r\u00e9clame <span class=\"_ _61\"> </span>ses <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>pour <span class=\"_ _61\"> </span>estimer <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>co\u00fbt <span class=\"_ _61\"> </span>probable <span class=\"_ _61\"> </span>de l\u2019utilisation <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>technologie <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors que <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>r\u00e9clamation est <span class=\"_ _3\"></span>probable. P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>r\u00e9aliser <span class=\"_ _65\"> </span>cette <span class=\"_ _65\"> </span>\u00e9v<span class=\"_ _0\"></span>aluation, <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>Direction <span class=\"_ _64\"> </span>prend <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>compte <span class=\"_ _65\"> </span>son exp\u00e9rience <span class=\"_ _44\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>technologies <span class=\"_ _47\"> </span>comparables <span class=\"_ _37\"> </span>et/ou <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>des d\u00e9tenteurs <span class=\"_ _46\"> </span>particuliers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>technologies. <span class=\"_\"> </span>Les <span class=\"_\"> </span>redevances <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>payer <span class=\"_ _61\"> </span>sont pr\u00e9sent\u00e9es <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>sein <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>courantes\ue61e\u00bb <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes non courantes\ue61e\u00bb dans le bilan du Groupe<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019imp\u00f4t <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>r\u00e9sultats <span class=\"_\"> </span>comprend <span class=\"_\"> </span>l\u2019imp\u00f4t <span class=\"_\"> </span>courant <span class=\"_\"> </span>et <span class=\"_\"> </span>di\ue61f\u00e9r\u00e9. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t di\ue61f\u00e9r\u00e9 est <span class=\"_ _3\"></span>comptabilis\u00e9 dans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres si l\u2019imp\u00f4t <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>des \u00e9l\u00e9ments qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 pr\u00e9c\u00e9demment comptabilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat du <span class=\"_ _3\"></span>r\u00e9sultat global <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>en <span class=\"_ _3b\"></span>capitaux <span class=\"_ _44\"> </span>propres<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>lors <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>m\u00eame <span class=\"_ _37\"> </span>exercice <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>d\u2019un <span class=\"_ _37\"> </span>exercice di\ue61f\u00e9rent. <span class=\"_ _44\"> </span>Par <span class=\"_\"> </span>ailleurs <span class=\"_ _44\"> </span>IAS\ue61e12 <span class=\"_\"> </span>ne <span class=\"_ _44\"> </span>pr\u00e9cise <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>si <span class=\"_\"> </span>les <span class=\"_\"> </span>\u00e9conomies <span class=\"_ _44\"> </span>d\u2019imp\u00f4ts provenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>pertes <span class=\"_ _3b\"></span>reportables <span class=\"_ _3\"></span>doivent <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>rapporter <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ayant g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>pertes <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>soci\u00e9t\u00e9 <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>utilisera. <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _65\"> </span></span>Groupe <span class=\"_ _64\"> </span>a comptabilis\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>\u00e9conomies <span class=\"_ _65\"> </span>d\u2019imp\u00f4ts <span class=\"_ _64\"> </span>futures <span class=\"_ _65\"> </span>prov<span class=\"_ _0\"></span>enant <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>pertes reportables <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_\"> </span>op\u00e9rations <span class=\"_ _44\"> </span>poursuivies, <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_ _47\"> </span>ces <span class=\"_ _47\"> </span>reports <span class=\"_ _44\"> </span>d\u00e9ficitaires seront <span class=\"_ _6f\"> </span>utilis\u00e9s <span class=\"_ _6f\"> </span>gr\u00e2ce <span class=\"_ _4c\"> </span>aux <span class=\"_ _6f\"> </span>b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>taxables <span class=\"_ _6f\"> </span>futurs <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>activit\u00e9s poursuivies.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">application <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>l\u2019IFRIC\ue61e23 <span class=\"_ _61\"> </span>- <span class=\"_ _60\"> </span>Incertitudes <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>traitements </span>fiscaux, <span class=\"_ _6f\"> </span>l\u2019imp\u00f4t <span class=\"_ _6f\"> </span>inclut <span class=\"_ _4c\"> </span>d\u00e9sormais <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>positions <span class=\"_ _6f\"> </span>fiscales <span class=\"_ _6f\"> </span>incertaines comptabilis\u00e9es pr\u00e9c\u00e9demment en \"Autres pr<span class=\"_ _0\"></span>ovisions\".Les imp\u00f4ts di\ue61e\u00e9r\u00e9s r<span class=\"_ _0\"></span>\u00e9sultent\ue61f:\u2022des <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_ _46\"> </span>temporelles <span class=\"_ _61\"> </span>entre <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _61\"> </span>imposable <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et passifs et leur valeur comptable dans le bilan consolid\u00e9 du Groupe\ue61f; et\u2022des pertes fiscales et des cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s reportables<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">calcul <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _3b\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>di\ue61e\u00e9rences <span class=\"_ _3b\"></span>temporelles </span>est <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>entit\u00e9 <span class=\"_ _3b\"></span>(ou <span class=\"_ _3\"></span>groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s) <span class=\"_ _3\"></span>fiscale <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode du \u00ab\ue61freport variable\ue61f\u00bb.T<span class=\"_ _23\"></span>ous les passifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s sont comptabilis\u00e9s sauf\ue61f:\u2022si <span class=\"_ _3\"></span>l\u2019imp\u00f4t <span class=\"_ _3\"></span>r\u00e9sulte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2018acquisition, ou <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>d\u2019un <span class=\"_\"> </span>passif <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>une transaction <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>entreprises <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>qui, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>op\u00e9ration, <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>affecte <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable ou la perte fiscale\ue61f; et\u2022pour <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_\"> </span>temporelles <span class=\"_\"> </span>taxables <span class=\"_ _46\"> </span>li\u00e9es <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>participations dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>filiales, <span class=\"_ _61\"> </span>entreprises <span class=\"_ _61\"> </span>associ\u00e9es <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>co<span class=\"ffa35\">\u2011</span>entreprises, <span class=\"_ _61\"> </span>lorsque <span class=\"_ _61\"> </span>le Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>capable <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>contr\u00f4ler <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>diff\u00e9rence temporelle <span class=\"_ _46\"> </span>s\u2019inversera <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>s\u2019il <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>probable <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>diff\u00e9rence <span class=\"_ _61\"> </span>ne <span class=\"_ _61\"> </span>se r\u00e9alisera pas dans un avenir pr<span class=\"_ _0\"></span>\u00e9visible.Des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s sont comptabilis\u00e9s\ue61f:\u2022pour <span class=\"_ _3b\"></span>toute <span class=\"_ _3b\"></span>diff\u00e9rence <span class=\"_ _3b\"></span>temporelle <span class=\"_ _3b\"></span>d\u00e9ductible, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _37\"></span>il <span class=\"_ _3b\"></span>est probable <span class=\"_ _37\"> </span>qu\u2019<span class=\"_ _0\"></span>existe <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>imposable, <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>lequel <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>diff\u00e9rences temporelles <span class=\"_ _44\"> </span>d\u00e9ductibles <span class=\"_\"> </span>pourront <span class=\"_ _44\"> </span>\u00eatre <span class=\"_\"> </span>imput\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>que <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif d\u2019imp\u00f4t <span class=\"_ _3\"></span>diff\u00e9r\u00e9 <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9 par <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>actif ou <span class=\"_ _47\"> </span>d\u2019un <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>ansaction <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>qui, <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>moment <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>transaction, <span class=\"_ _61\"> </span>n\u2019affecte <span class=\"_ _61\"> </span>ni <span class=\"_ _61\"> </span>le b\u00e9n\u00e9fice comptable, ni le b\u00e9n\u00e9fice imposable (ou perte fiscale)\ue61f; et\u2022pour <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>report <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>avant <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>pertes <span class=\"_ _44\"> </span>fiscales <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cr\u00e9dits <span class=\"_ _44\"> </span>d\u2019imp\u00f4t <span class=\"_ _37\"> </span>non utilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>probable <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>disposera <span class=\"_ _3b\"></span>de b\u00e9n\u00e9fices <span class=\"_ _3b\"></span>imposables <span class=\"_ _37\"> </span>futurs <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>lesquels <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"> </span>pertes fiscales <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s pourront \u00eatre imput\u00e9s<span class=\"_ _0\"></span>.La valeur recouvrable des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s est revue \u00e0 chaque date de <span class=\"_\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>ajust\u00e9e <span class=\"_\"> </span>pour <span class=\"_\"> </span>prendre <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>compte <span class=\"_\"> </span>le <span class=\"_\"> </span>niveau <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable disponible pour <span class=\"_ _3\"></span>permettre l\u2019utilisation de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>avantage de tout <span class=\"_ _3\"></span>ou partie de ces actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>d\u2019imp\u00f4ts <span class=\"_ _3\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019imp\u00f4t <span class=\"_ _3\"></span>dont l\u2019<span class=\"_ _0\"></span>application <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>attendue <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>duquel <span class=\"_ _3\"></span>l\u2019actif <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 ou <span class=\"_ _61\"> </span>le <span class=\"_ _46\"> </span>passif <span class=\"_ _61\"> </span>r\u00e9gl\u00e9, <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>taux <span class=\"_ _61\"> </span>d\u2019imp\u00f4t <span class=\"_ _46\"> </span>(et <span class=\"_ _61\"> </span>r\u00e9glementations fiscales) <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>quasiment <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture<span class=\"_ _0\"></span>. Les imp\u00f4ts di\ue61e\u00e9r\u00e9s sont class\u00e9s en actifs et passifs non cour<span class=\"_ _0\"></span>ants.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>passifs <span class=\"_ _37\"></span>d\u2019imp\u00f4ts <span class=\"_ _37\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _37\"></span>sont <span class=\"_ _37\"> </span>compens\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>entit\u00e9 <span class=\"_ _44\"> </span>fiscale pour des \u00e9ch\u00e9ances de retournement \u00e9quivalentes<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"_ _37\"></span><span class=\"ls0 ws0\">jugement <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>requis <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>d\u00e9terminer <span class=\"_ _37\"></span>les </span>imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>passifs. <span class=\"_ _60\"> </span>Lorsqu\u2019une <span class=\"_ _61\"> </span>entit\u00e9 <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>a <span class=\"_ _61\"> </span>subi r\u00e9cemment <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _44\"></span>fiscales, <span class=\"_ _3b\"></span>le <span class=\"_ _44\"></span>retour <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>fiscal <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>suppos\u00e9 improbable<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>moins <span class=\"_ _3b\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _37\"></span>imp\u00f4t <span class=\"_ _44\"></span>di\ue61f\u00e9r\u00e9 <span class=\"_ _3b\"></span>actif <span class=\"_ _37\"></span>soit justifi\u00e9e par\ue61d:\u2022des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>qui <span class=\"_ _37\"></span>sont <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>cons\u00e9quence <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>circonstances <span class=\"_ _37\"></span>exceptionnelles et qui ne devraient pas se renouveler dans un av<span class=\"_ _0\"></span>enir proche\ue61d;\u2022la perspective de gains exceptionnels\ue61d; ou\u2022les r\u00e9sultats futurs attendus des contrats long terme<span class=\"_ _0\"></span>.\ue61dLe <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9tabli <span class=\"_\"> </span>un <span class=\"_\"> </span>plan <span class=\"_\"> </span>de <span class=\"_\"> </span>recouvr<span class=\"_ _0\"></span>abilit\u00e9 <span class=\"_\"> </span>des <span class=\"_\"> </span>imp\u00f4ts <span class=\"_\"> </span>permettant </span>d\u2019<span class=\"_ _0\"></span>estimer le montant des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs pouvant \u00eatre r<span class=\"_ _0\"></span>econnus.Classement en dettes ou en capitaux propresLes <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>les <span class=\"_ _44\"></span>instruments <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>sont <span class=\"_ _44\"></span>class\u00e9s <span class=\"_ _44\"> </span>soit <span class=\"_ _44\"> </span>en dettes <span class=\"_ _65\"> </span>financi\u00e8res <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>capitaux <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>substance <span class=\"_ _65\"> </span>de l\u2019<span class=\"_ _0\"></span>arrangement contractuel.Instruments de capitaux pr<span class=\"_ _0\"></span>opresUn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">instrument <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>mettant <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>\u00e9vidence </span>un int\u00e9r\u00eat r\u00e9siduel dans les actifs d\u2019une entit\u00e9 apr\u00e8s d\u00e9duction de tous ses passifs. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>\u00e9mis <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>sont comptabilis\u00e9s <span class=\"_\"> </span>pour <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>ressources <span class=\"_\"> </span>per\u00e7ues, <span class=\"_\"> </span>nette <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts directs d\u2019<span class=\"_ _0\"></span>\u00e9mission.Co\u00fbts li\u00e9s aux op\u00e9rations de capitalLes <span class=\"_ _61\"> </span>frais <span class=\"_ _60\"> </span>externes <span class=\"_ _61\"> </span>directement <span class=\"_ _60\"> </span>attribuables <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>des <span class=\"_ _60\"> </span>op\u00e9rations <span class=\"_ _61\"> </span>sur <span class=\"_ _60\"> </span>les capitaux propres sont comptabilis\u00e9s en diminution des capitaux pr<span class=\"_ _0\"></span>opres.Le <span class=\"_ _65\"> </span>r\u00e9sultat <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>calcul\u00e9 <span class=\"_ _64\"> </span>en <span class=\"_ _65\"> </span>divisant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>r\u00e9sultat attribuable <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _47\"> </span>m\u00e8re <span class=\"_ _44\"> </span>par <span class=\"_ _47\"> </span>le nombre moyen <span class=\"_ _3\"></span>pond\u00e9r\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires en <span class=\"_ _3\"></span>circulation au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la p\u00e9riode, en ex<span class=\"_ _0\"></span>cluant les actions propres d\u00e9tenues par le Groupe.Le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>dilu\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>action <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>calcul\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>divisant <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>attribuable aux porteurs d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires de la soci\u00e9t\u00e9 m\u00e8re par le nombre moyen pond\u00e9r\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_\"> </span>en <span class=\"_\"> </span>circulation <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_\"> </span>en prenant <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>tous <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>instruments <span class=\"_ _65\"> </span>potentiellement dilutifs <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>convertis <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>produit <span class=\"_ _3\"></span>suppos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces instruments <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>utilis\u00e9 <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"> </span>acqu\u00e9rir <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>actions <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>cours moyen <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_\"> </span>dur<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>laquelle <span class=\"_ _44\"> </span>ces instruments \u00e9taient en circulation.Les instruments potentiellement dilutifs comprennent\ue61f:\u2022les options \u00e9mises, si elles sont dilutives\ue61f;\u2022les <span class=\"_ _37\"></span>instruments <span class=\"_ _37\"></span>\u00e9mis <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plans <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>stock<span class=\"ffa57\">\u2011</span>options <span class=\"_ _37\"> </span>mis <span class=\"_ _37\"> </span>en place <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>Groupe, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>cours <span class=\"_ _3b\"></span>moyen des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>sup\u00e9rieur <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice ajust\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces instruments.Une partie est li\u00e9e au Groupe dans les cas suiv<span class=\"_ _0\"></span>ants\ue61f:\u2022directement <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>indir<span class=\"_ _0\"></span>ectement <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>biais <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>plusieurs interm\u00e9diaires<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>la partie <span class=\"_ _3\"></span>(i) contr\u00f4le le <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>est contr\u00f4l\u00e9e par <span class=\"_ _3\"></span>lui, ou est <span class=\"_ _37\"> </span>soumise <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>contr\u00f4le <span class=\"_ _37\"> </span>commun, <span class=\"_ _37\"> </span>(ii) <span class=\"_ _44\"> </span>d\u00e9tient <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>une participation qui lui permet d\u2019<span class=\"_ _0\"></span>exercer une influence notable sur elle\ue61f;\u2022la partie est une entreprise associ\u00e9e\ue61f;\u2022la <span class=\"_ _64\"> </span>partie <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>co<span class=\"ffa62\">\u2011</span>entreprise <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>laquelle <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>un co<span class=\"ffa62\">\u2011</span>entrepreneur\ue61f;\u2022la <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>l\u2019un <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>ses <span class=\"_ _65\"> </span>administrateurs <span class=\"_ _65\"> </span>fait <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_\"> </span>ou <span class=\"_\"> </span>du <span class=\"_\"> </span>Comit\u00e9 <span class=\"_\"> </span>E<span class=\"_ _0\"></span>x\u00e9cutif <span class=\"_\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>ou <span class=\"_\"> </span>est <span class=\"_\"> </span>un <span class=\"_\"> </span>des membres proches de la famille vis\u00e9e p<span class=\"_ _0\"></span>ar les situations ci<span class=\"ffa62\">\u2011</span>dessus.1.La tr\u00e9sorerie correspond aux disponibilit\u00e9s en banque ainsi qu\u2019<span class=\"_ _1\"></span>aux d\u00e9p\u00f4ts \u00e0 vue.2.Les \u00e9quivalents de <span class=\"_ _3\"></span>tr\u00e9sorerie correspondent <span class=\"_ _3\"></span>aux placements <span class=\"_ _3\"></span>\u00e0 court <span class=\"_ _3\"></span>terme, tr\u00e8s liquides <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la maturit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>origine <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>exc\u00e8de pas <span class=\"_ _3\"></span>trois mois, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire les placements qui sont facilement convertibles en un montant connu de tr\u00e9sorerie et qui sont soumis \u00e0 un <span class=\"_ _3\"></span>risque n\u00e9gligeable de changement de valeur<span class=\"_ _1\"></span>.Principes g\u00e9n\u00e9rauxLe <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>n\u00e9gocie <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>instruments <span class=\"_\"> </span>financiers <span class=\"_ _61\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>fins <span class=\"_ _61\"> </span>de couverture <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>notamment <span class=\"_ _3\"></span>r\u00e9duire <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eat. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>souscrits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gr\u00e9-\u00e0-gr\u00e9 et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>r\u00e9gis par <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>accords <span class=\"_\"> </span>standards <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>type <span class=\"_ _46\"> </span>\u00ab\ue61eISDA\ue61e\u00bb (<span class=\"ffa8b\">I<span class=\"_ _0\"></span>nternational <span class=\"_ _46\"> </span>Swaps <span class=\"_\"> </span>and </span>Deriv<span class=\"_ _0\"></span>atives Association<span class=\"ffa8a\">, Inc.), ou par des accords habituels pour le march\u00e9 </span>fran\u00e7ais<span class=\"_ _0\"></span>.Comptabilit\u00e9 de couvertur<span class=\"_ _0\"></span>eLes <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"> </span>d\u00e9riv\u00e9s <span class=\"_ _37\"> </span>peuvent <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>d\u00e9sign\u00e9s <span class=\"_ _37\"></span>comme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>instruments de couverture dans une des trois r<span class=\"_ _0\"></span>elations de couverture suivantes\ue61e:\u2022une <span class=\"_\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>de <span class=\"_\"> </span>juste <span class=\"_\"> </span>valeur, <span class=\"_ _44\"> </span>permettant <span class=\"_\"> </span>de <span class=\"_\"> </span>couvrir <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>risque <span class=\"_\"> </span>de variation de juste valeur de tout \u00e9l\u00e9ment d\u2019<span class=\"_ _1\"></span>actif ou <span class=\"_ _3\"></span>de passif\ue61e;\u2022une <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _37\"></span>futurs <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _3b\"></span>permettant <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>le risque <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>flux <span class=\"_ _44\"> </span>futurs <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>rattach\u00e9s <span class=\"_ _37\"></span>\u00e0 des actifs ou passifs futurs\ue61e;\u2022une couverture des investissements nets<span class=\"_ _3\"></span> dans des activit\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tranger<span class=\"_ _1\"></span>, permettant <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>int\u00e9r\u00eats <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>actifs <span class=\"_ _37\"> </span>nets <span class=\"_ _44\"> </span>de ces activit\u00e9s.Les <span class=\"_ _65\"> </span>instruments <span class=\"_ _65\"> </span>d\u00e9riv\u00e9s <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>comptabilis\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>principes <span class=\"_ _65\"> </span>de comptabilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>d\u00e8s <span class=\"_\"> </span>lors <span class=\"_\"> </span>que\ue61eles <span class=\"_\"> </span>conditions <span class=\"_\"> </span>suivantes <span class=\"_\"> </span>sont remplies\ue61e:\u2022\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>mise <span class=\"_ _60\"> </span>en <span class=\"_ _61\"> </span>place, <span class=\"_ _60\"> </span>il <span class=\"_ _61\"> </span>existe <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>d\u00e9signation <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une documentation formalis\u00e9es d\u00e9crivant la relation de couvertur<span class=\"_ _0\"></span>e\ue61e;\u2022le Groupe s\u2019<span class=\"_ _0\"></span>attend \u00e0 ce que la couverture soit hautement efficace\ue61e;\u2022son <span class=\"_ _37\"></span>efficacit\u00e9 <span class=\"_ _37\"></span>peut <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>fa\u00e7on <span class=\"_ _37\"> </span>fiable <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>est d\u00e9termin\u00e9e comme hautement efficace durant toute sa dur\u00e9e<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>application <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>comptabilit\u00e9 <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>cons\u00e9quences suivantes\ue61e:\u2022pour <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>existants, <span class=\"_ _3b\"></span>la partie <span class=\"_ _3\"></span>couverte <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>\u00e9valu\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur<span class=\"_ _1\"></span>. La <span class=\"_ _44\"> </span>variation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>enregistr\u00e9e <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contrepartie <span class=\"_ _37\"> </span>du compte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>r\u00e9sultat, <span class=\"_ _66\"> </span>o\u00f9 <span class=\"_ _66\"> </span>elle <span class=\"_ _66\"> </span>est <span class=\"_ _66\"> </span>compens\u00e9e <span class=\"_ _66\"> </span>par <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>variations sym\u00e9triques <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>couverture, dans la limite de leur efficacit\u00e9\ue61e;\u2022pour les <span class=\"_ _3\"></span>couvertures de <span class=\"_ _3\"></span>flux futurs <span class=\"_ _3\"></span>de tr\u00e9sorerie, la partie <span class=\"_ _3\"></span>efficace de <span class=\"_ _3\"></span>la variation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019instrument <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>enregistr\u00e9e directement <span class=\"_ _47\"> </span>en <span class=\"_ _47\"> </span>contrep<span class=\"_ _0\"></span>artie <span class=\"_\"> </span>des <span class=\"_\"> </span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>du <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>global dans <span class=\"_ _47\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>propr<span class=\"_ _0\"></span>es <span class=\"_\"> </span>- <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>variation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>partie couverte <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_\"> </span>couvert <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>\u00e9tant <span class=\"_\"> </span>pas <span class=\"_\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>bilan <span class=\"_\"> </span>- <span class=\"_\"> </span>la variation de <span class=\"_ _3\"></span>juste valeur de <span class=\"_ _3\"></span>la part <span class=\"_ _3\"></span>inefficace est <span class=\"_ _3\"></span>comptabilis\u00e9e quant <span class=\"_ _3\"></span>\u00e0 elle <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>r\u00e9sultat. <span class=\"_ _44\"> </span>Les <span class=\"_ _37\"></span>montants <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"></span>global <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>les capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>repris <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>compte <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>les transactions <span class=\"_ _60\"> </span>couvertes <span class=\"_ _60\"> </span>impactent <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat. <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>d\u00e9lai moyen <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>g\u00e9n\u00e9ralement <span class=\"_\"> </span>inf\u00e9rieur <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>6 <span class=\"_ _46\"> </span>mois <span class=\"_ _61\"> </span>sauf <span class=\"_\"> </span>pour <span class=\"_\"> </span>l\u2019activit\u00e9 <span class=\"_\"> </span>de licences.Actifs financiers (hors instruments d\u00e9riv\u00e9s)La <span class=\"_ _3\"></span>Direction <span class=\"_ _3\"></span>d\u00e9termine <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>classement <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>regard <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>mod\u00e8le <span class=\"_ _44\"></span>\u00e9conomique <span class=\"_ _44\"></span>du <span class=\"_ _44\"> </span>Groupe pour la gestion des actifs financiers, ainsi que des caract\u00e9ristiques des \ufb02ux de tr\u00e9sorerie contr<span class=\"_ _0\"></span>actuels de l\u2019actif<span class=\"_ _1\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>choisi <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>classement <span class=\"_ _3b\"></span>de </span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>au co\u00fbt <span class=\"_ _3\"></span>amorti, <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers \u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>compte <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _44\"> </span>ou <span class=\"_ _47\"> </span>par <span class=\"_ _44\"></span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>du r\u00e9sultat global.Actifs <span class=\"ffa9f\">\ue75cnanciers au </span>co\u00fbt <span class=\"ffa9f\">amorti</span>Cette <span class=\"_ _3\"></span>cat\u00e9gorie <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>retenue <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objectif est <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>en <span class=\"_ _60\"> </span>percevoir <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _60\"> </span>contractuels, <span class=\"_ _61\"> </span>correspondant uniquement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>remboursements <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>principal <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _44\"></span>aux int\u00e9r\u00eats sur le principal.Ces <span class=\"_ _44\"></span>actifs <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>initialement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>des co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3\"></span>\u00e9ventuels. <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>ensuite <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti en utilisant la m\u00e9thode du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>constat\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3b\"></span>de </span>cr\u00e9dit attendues \u00e0 12 <span class=\"_ _3\"></span>mois, \u00e0 moins que le risque <span class=\"_ _3\"></span>de cr\u00e9dit n\u2019<span class=\"_ _0\"></span>ait augment\u00e9 de <span class=\"_\"> </span>fa\u00e7on <span class=\"_ _47\"> </span>significative <span class=\"_ _47\"> </span>depuis <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_\"> </span>initiale, <span class=\"_\"> </span>auquel <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>la d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>attendues <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>contrats clients, le <span class=\"_ _3\"></span>Groupe applique <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation simplifi\u00e9e <span class=\"_ _3\"></span>(voir note 5.<span class=\"_ _0\"></span>1.3.).Actifs <span class=\"_ _37\"> </span><span class=\"ffa9f\">\ue75cnanciers <span class=\"_ _37\"> </span></span>\u00e0 <span class=\"_ _44\"> </span><span class=\"ffa9f\">la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _37\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>par </span>autres \u00e9l\u00e9ments du r\u00e9sultat globalCette <span class=\"_ _60\"> </span>cat\u00e9gorie <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>retenue <span class=\"_ _60\"> </span>d\u00e8s <span class=\"_ _64\"> </span>lors <span class=\"_ _64\"> </span>que <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _60\"> </span>financier <span class=\"_ _64\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _64\"> </span>pas comptabilis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>variations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>enregistr\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _3\"></span>de r\u00e9sultat, au sein des <span class=\"_ _3\"></span>\u00ab\ue61dAutres produits (charges) financiers nets\ue61d\u00bb, <span class=\"_ _3\"></span>ou dans le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>titres <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>participations <span class=\"_ _3b\"></span>non <span class=\"_ _3\"></span>d\u00e9tenues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>fins <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>transaction et <span class=\"_\"> </span>sur <span class=\"_\"> </span>option <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>et <span class=\"_\"> </span>irr\u00e9versible<span class=\"_ _0\"></span>, <span class=\"_\"> </span>dans <span class=\"_\"> </span>une <span class=\"_\"> </span>ligne <span class=\"_ _47\"> </span>d\u00e9di\u00e9e <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>autr<span class=\"_ _0\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.Un <span class=\"_ _37\"></span><span class=\"ls0 ws0\">actif <span class=\"_ _44\"></span>financier <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>d\u00e9comptabilis\u00e9 <span class=\"_ _44\"></span>lorsque <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>droits <span class=\"_ _37\"></span>contractuels <span class=\"_ _37\"></span>sur </span>les <span class=\"_ _61\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>li\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>celui<span class=\"ffaa0\">\u2011</span>ci <span class=\"_ _61\"> </span>arrivent <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>expiration <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 transf\u00e9r\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quasi<span class=\"ffaa0\">\u2011</span>totalit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _3\"></span>inh\u00e9rents <span class=\"_ _3\"></span>\u00e0 la propri\u00e9t\u00e9 de l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>assifs financiers (hors instruments d\u00e9rives)Les <span class=\"_ _61\"> </span>emprunts <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>initialement <span class=\"_ _61\"> </span>comptabilis\u00e9s <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>juste <span class=\"_ _61\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>puis \u00e9valu\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>co\u00fbt <span class=\"_ _61\"> </span>amorti, <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>utilisant <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>oute <span class=\"_ _3b\"></span>di\ue61c\u00e9rence <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>(i) <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>nets <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts de <span class=\"_ _61\"> </span>transaction <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>(ii) <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>remboursement, est <span class=\"_ _61\"> </span>constat\u00e9e <span class=\"_ _46\"> </span>en r\u00e9sultat <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>emprunts, <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _3b\"></span>du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>emprunts <span class=\"_ _61\"> </span>sont <span class=\"_\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>passifs <span class=\"_\"> </span>courants, <span class=\"_\"> </span>sauf <span class=\"_ _61\"> </span>si <span class=\"_\"> </span>le Groupe <span class=\"_ _3\"></span>d\u00e9tient <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>droit <span class=\"_ _3\"></span>inconditionnel <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>du passif <span class=\"_ _3\"></span>au<span class=\"ffaa0\">\u2011</span>del\u00e0 <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>p\u00e9riode <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>12 <span class=\"_ _3\"></span>mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>auquel cas ils sont pr\u00e9sent\u00e9s au sein des passifs non courants<span class=\"_ _0\"></span>.Instruments d\u00e9riv<span class=\"_ _0\"></span>\u00e9sLes instruments d\u00e9riv\u00e9s sont comptabilis\u00e9s \u00e0 <span class=\"_ _3\"></span>la juste valeur<span class=\"_ _0\"></span>. Les variations de <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9es <span class=\"_ _60\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_ _61\"> </span>et/ou <span class=\"_ _61\"> </span>en capitaux <span class=\"_ _3\"></span>propres au <span class=\"_ _3\"></span>sein <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>global, <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>les principes expos\u00e9s dans la note 8.3.A<span class=\"_ _0\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploiIl <span class=\"_ _44\"> </span>existe <span class=\"_\"> </span>dans <span class=\"_ _44\"></span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>di\ue61f\u00e9rents <span class=\"_ _44\"> </span>r\u00e9gimes <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>etraite <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>de certains <span class=\"_ _3\"></span>salari\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>vers\u00e9es <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>contributions d\u00e9finies, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire \u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>plans de <span class=\"_ _3\"></span>retraite dans <span class=\"_ _3\"></span>lesquels <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"ls4e ws4e\">paye </span>des contributions <span class=\"_ _3\"></span>fixes et n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>plus aucune <span class=\"_ _3\"></span>obligation juridique <span class=\"_ _3\"></span>ou implicite de <span class=\"_ _3\"></span>payer des <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>compl\u00e9mentaires (par <span class=\"_ _3\"></span>exemple, si <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>ne d\u00e9tient <span class=\"_\"> </span>pas <span class=\"_\"> </span>su\ue61dsamment <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_\"> </span>pour <span class=\"_\"> </span>payer <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>tous <span class=\"_\"> </span>les <span class=\"_\"> </span>employ\u00e9s <span class=\"_\"> </span>les avantages <span class=\"_ _46\"> </span>acquis <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>cours <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>exercices <span class=\"_ _46\"> </span>pass\u00e9s <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>en<span class=\"ffae5\">\u2011</span>cours) <span class=\"_ _61\"> </span>- <span class=\"_ _61\"> </span>sont enregistr\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>charges <span class=\"_\"> </span>quand <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>salari\u00e9s <span class=\"_\"> </span>ont <span class=\"_\"> </span>rendu <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_\"> </span>leur ouvrant droit \u00e0 ces contributions<span class=\"_ _0\"></span>.Les <span class=\"_ _64\"> </span>autres <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9gimes <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>retraite <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>analys\u00e9s <span class=\"_ _64\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>plans <span class=\"_ _64\"> </span>\u00e0 prestations <span class=\"_ _44\"></span>d\u00e9finies <span class=\"_ _44\"> </span>(c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>plans <span class=\"_ _47\"> </span>de <span class=\"_ _44\"></span>retr<span class=\"_ _0\"></span>aite <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"></span>pr\u00e9voient <span class=\"_ _37\"></span>un montant <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>prestation <span class=\"_ _65\"> </span>qu\u2019un <span class=\"_ _65\"> </span>employ\u00e9 <span class=\"_ _64\"> </span>recevra <span class=\"_ _65\"> </span>lors <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>retraite<span class=\"_ _0\"></span>, g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>bas\u00e9 <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3\"></span>facteurs <span class=\"_ _3\"></span>tels <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>ann\u00e9es d\u2019<span class=\"_ _0\"></span>anciennet\u00e9 <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>salaire) et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9s au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>d\u2019une \u00e9valuation actuarielle des engagements \u00e0 la date de cl\u00f4ture<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _37\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _37\"></span>retenue <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>fond\u00e9e <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>m\u00e9thode <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>unit\u00e9s de <span class=\"_ _37\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>projet\u00e9es. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>actualis\u00e9e <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>obligations <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est d\u00e9termin\u00e9e <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>hauteur <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>acquis <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>salari\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>date d\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>application <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formule <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>d\u00e9finie pour <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>r\u00e9gime. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>des actuaires <span class=\"_ _46\"> </span>ind\u00e9pendants <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>fonction <span class=\"_ _61\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _61\"> </span>d\u00e9mographiques <span class=\"_ _46\"> </span>et financi\u00e8res telles <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>mortalit\u00e9, la rotation <span class=\"_ _3\"></span>du personnel, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution des salaires et les taux d\u2019<span class=\"_ _0\"></span>actualisation.La <span class=\"_ _44\"> </span>r\u00e9\u00e9valuation, <span class=\"_ _37\"></span>qui <span class=\"_ _47\"> </span>comprend <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>gains <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>pertes <span class=\"_ _44\"></span>actuariels, <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61fet\ue61cdes modifications <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plafonnement <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(si <span class=\"_ _3b\"></span>applicable) <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>rendement des <span class=\"_ _37\"></span>actifs <span class=\"_ _37\"></span>(hors <span class=\"_ _37\"></span>int\u00e9r\u00eats), <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>imm\u00e9diatement <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>bilan <span class=\"_ _37\"></span>en contrepartie <span class=\"_\"> </span>d\u2019une <span class=\"_\"> </span>imputation <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>\u00ab\ue61cAutres <span class=\"_\"> </span>\u00e9l\u00e9ments <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>r\u00e9sultat global\ue61c\u00bb <span class=\"_\"> </span>au <span class=\"_\"> </span>sein <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019\u00c9tat <span class=\"_\"> </span>du <span class=\"_\"> </span>R\u00e9sultat <span class=\"_\"> </span>Global <span class=\"_\"> </span>(ERG). <span class=\"_\"> </span>La <span class=\"_\"> </span>r\u00e9\u00e9valuation reconnue <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>ERG <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>re\ufb02\u00e9t\u00e9e <span class=\"_ _66\"> </span>imm\u00e9diatement <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>r\u00e9serves consolid\u00e9es et ne sera pas reclass\u00e9e en r<span class=\"_ _0\"></span>\u00e9sultat.Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>avantages <span class=\"_ _3b\"></span>assimil\u00e9s <span class=\"_ _3\"></span>sont class\u00e9s comme suit\ue61c:\u2022co\u00fbts <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>services <span class=\"_ _44\"> </span>(incluant <span class=\"_\"> </span>le <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _44\"> </span>rendus <span class=\"_ _44\"> </span>courants <span class=\"_ _44\"> </span>et pass\u00e9s <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>modification <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>de liquidation de r\u00e9gimes) \u00e0 comptabiliser en r\u00e9sultat\ue61c;\u2022charges <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _60\"> </span>nette <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>produit <span class=\"_ _60\"> </span>financier <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>comptabiliser <span class=\"_ _61\"> </span>en r\u00e9sultat financier (note 8.5).Les co\u00fbts des ser<span class=\"_ _3\"></span>vices pass\u00e9s sont <span class=\"_ _3\"></span>comptabilis\u00e9s en charges sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice o\u00f9 a lieu la modification de r\u00e9gimes<span class=\"_ _0\"></span>.Le <span class=\"_ _46\"> </span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _61\"> </span>financier <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>calcul\u00e9 <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>appliquant <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>taux <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _46\"> </span>au </span>d\u00e9but <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>de couverture<span class=\"_ _0\"></span>.La <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>retraite <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>avantages <span class=\"_ _65\"> </span>assimil\u00e9s <span class=\"_ _65\"> </span>inscrite <span class=\"_ _64\"> </span>au <span class=\"_ _65\"> </span>bilan repr\u00e9sente le d\u00e9ficit ou l\u2019<span class=\"_ _0\"></span>exc\u00e9dent entre la v<span class=\"_ _0\"></span>aleur actualis\u00e9e de l\u2019obligation au <span class=\"_ _37\"></span>titre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>prestations <span class=\"_ _37\"></span>d\u00e9finies <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>r\u00e9gime. T<span class=\"_ _23\"></span>out <span class=\"_ _3\"></span>exc\u00e9dent provenant de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>calcul est <span class=\"_ _3\"></span>plafonn\u00e9 <span class=\"_ _3\"></span>\u00e0 hauteur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur actualis\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>disponibles <span class=\"_ _37\"></span>sous <span class=\"_ _3b\"></span>forme <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>restitution <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>plan ou de r\u00e9duction des contributions futures \u00e0 verser au plan.Autres avantages au personnel \u00e0 long termeDes <span class=\"_ _3\"></span>indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cessation <span class=\"_ _3b\"></span>d\u2019emploi <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es\ue61cau <span class=\"_ _3b\"></span>passif <span class=\"_ _3b\"></span>d\u00e8s que l\u2019<span class=\"_ _0\"></span>entit\u00e9 <span class=\"_ _3\"></span>ne peut plus <span class=\"_ _3\"></span>retirer d\u2019<span class=\"_ _0\"></span>o\ue61fre d\u2019indemnit\u00e9s de <span class=\"_ _3\"></span>cessation d\u2019<span class=\"_ _0\"></span>emploi ou <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019entit\u00e9 <span class=\"_ _3\"></span>reconnait <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>engagements au <span class=\"_ _3\"></span>titre des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>(par <span class=\"_ _3\"></span>exemple les <span class=\"_ _3\"></span>m\u00e9dailles <span class=\"_ _3\"></span>du travail) sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>\u00e9valu\u00e9s sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>m\u00e9thodes <span class=\"_ _3\"></span>actuarielles. Les \u00e9carts <span class=\"_ _6\"> </span>actuariels <span class=\"_ _1a\"> </span>sur <span class=\"_ _6\"> </span>ces <span class=\"_ _1a\"> </span>engagements <span class=\"_ _6\"> </span>sont <span class=\"_ _1a\"> </span>comptabilis\u00e9s imm\u00e9diatement en r\u00e9sultat.Les <span class=\"_ _44\"> </span>engagements <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>avantages <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas pr\u00e9sent\u00e9s <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _61\"> </span>provision <span class=\"_ _61\"> </span>pour <span class=\"_ _60\"> </span>retraites <span class=\"_ _61\"> </span>mais <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la provision pour restructur<span class=\"_ _0\"></span>ation ou des autres dettes.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _64\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _64\"> </span>et avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>charges <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pendante <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>hypoth\u00e8ses utilis\u00e9es <span class=\"_\"> </span>par <span class=\"_\"> </span>les <span class=\"_\"> </span>actuaires <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>valeurs <span class=\"_\"> </span>actuarielles <span class=\"_\"> </span>des obligations. <span class=\"_ _6b\"> </span>Ces <span class=\"_ _6c\"> </span>hypoth\u00e8ses <span class=\"_ _6c\"> </span>incluent <span class=\"_ _6b\"> </span>parmi <span class=\"_ _6c\"> </span>d\u2019<span class=\"_ _0\"></span>autres, <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>taux <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _65\"> </span>annuelle <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>prestations futures<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>retenues <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span>calcul <span class=\"_\"> </span>des <span class=\"_\"> </span>engagements <span class=\"_\"> </span>de retraites <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>avantages <span class=\"_ _60\"> </span>assimil\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _64\"> </span>d\u00e9termin\u00e9es <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>se <span class=\"_ _64\"> </span>basant <span class=\"_ _60\"> </span>sur l\u2019<span class=\"_ _0\"></span>exp\u00e9rience du Groupe et sur des donn\u00e9es externes.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>actuariels <span class=\"_ _3b\"></span>tels <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>taux </span>d\u2019int\u00e9r\u00eat, le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>d\u2019investissement et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque de <span class=\"_ _3\"></span>long\u00e9vit\u00e9. La <span class=\"_ _3\"></span>provision pour <span class=\"_ _3b\"></span>retraites <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _37\"></span>assimil\u00e9s <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u00e9termin\u00e9 par <span class=\"_ _44\"> </span>r\u00e9f\u00e9rence <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>rendement, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>obligations \u00e9mises <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>entreprises <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>premier <span class=\"_ _3b\"></span>rang. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>sont soumis \u00e0 des variations qui ont comme e\ue61fet la baisse/hausse des cours et une augmentation de <span class=\"_ _3\"></span>la volatilit\u00e9. La Direction du Groupe estime que <span class=\"_ _3\"></span>les taux <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>ad\u00e9quats. <span class=\"_ _3b\"></span>Cependant <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>di\ue61f\u00e9rences <span class=\"_ _3b\"></span>futures <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>les hypoth\u00e8ses retenues <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>les valeurs <span class=\"_ _3\"></span>futures observ\u00e9es <span class=\"_ _3\"></span>peuvent a\ue61fecter <span class=\"_ _3\"></span>de mani\u00e8re <span class=\"_ _3\"></span>significative <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3b\"></span>de retraites <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>avantages <span class=\"_ _3b\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>a\ue61f\u00e9rentes <span class=\"_ _3\"></span>\u00e0 ces engagements.Le <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>peut <span class=\"_ _37\"> </span>accorder <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>r\u00e9mun\u00e9rations <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>base <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _37\"></span>dont certaines <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>r\u00e9gl\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>instruments <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>en tr\u00e9sorerie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En </span>application <span class=\"_ _3\"></span>d\u2019IFRS\ue61f2, l\u2019<span class=\"_ _0\"></span>avantage accord\u00e9 aux <span class=\"_ _3\"></span>salari\u00e9s au titre des <span class=\"_ _3b\"></span>plans <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>stock<span class=\"ffb1e\">\u2011</span>options <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>d\u2019actions <span class=\"_ _3\"></span>gratuites, <span class=\"_ _3\"></span>\u00e9valu\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3b\"></span>de l\u2019<span class=\"_ _0\"></span>attribution de l\u2019<span class=\"_ _0\"></span>option, constitue un compl\u00e9ment de r\u00e9mun\u00e9ration.Les <span class=\"_\"> </span>plans <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>attributions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_\"> </span>capitaux propres <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur des <span class=\"_ _46\"> </span>instruments <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>accord\u00e9s. <span class=\"_\"> </span>Ils <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9s comme <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel, <span class=\"_ _3\"></span>lin\u00e9airement <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition des <span class=\"_\"> </span>dr<span class=\"_ _0\"></span>oits, <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>prenant <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>compte <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>nombre d\u2019instruments qui seront acquis \u00e0 la fin de la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition.P<span class=\"_ _0\"></span>our <span class=\"_\"> </span>les <span class=\"_ _47\"> </span>plans <span class=\"_ _44\"> </span>d\u2019attribution <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_ _47\"> </span>en <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>dette correspondant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>part <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>biens <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>services <span class=\"_\"> </span>re\u00e7us <span class=\"_ _37\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est comptabilis\u00e9e <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _61\"> </span>biens <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>services, <span class=\"_ _61\"> </span>et, <span class=\"_ _61\"> </span>est recalcul\u00e9e \u00e0 chaque date de cl\u00f4ture avec les changements de juste valeur enregistr\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>sein <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>\u00ab\ue61fAutres produits (charges) <span class=\"_ _3\"></span>financiers\ue61fnets\ue61f\u00bb. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De <span class=\"_ _3\"></span></span>plus, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>bas\u00e9s sur <span class=\"_ _3\"></span>des conditions <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>performance <span class=\"_ _61\"> </span>hors <span class=\"_ _61\"> </span>march\u00e9, <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>probabilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9aliser <span class=\"_ _61\"> </span>la performance <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>estim\u00e9e <span class=\"_ _61\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>charge <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>ajust\u00e9e <span class=\"_ _61\"> </span>en cons\u00e9quence.La <span class=\"_ _66\"> </span>juste <span class=\"_ _4c\"> </span>valeur <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>instruments, <span class=\"_ _4c\"> </span>et <span class=\"_ _66\"> </span>particuli\u00e8rement <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>options attribu\u00e9es, <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>utilisant <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>un <span class=\"_ _64\"> </span>mod\u00e8le <span class=\"_ _64\"> </span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3b\"></span>binomial, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>mod\u00e8le <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>Black&amp;Scholes, <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>prend en <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>r\u00e9estimation <span class=\"_ _61\"> </span>annuelle <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>nombre <span class=\"_ _61\"> </span>attendu <span class=\"_ _60\"> </span>d\u2019options exer\u00e7ables<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Le </span>mod\u00e8le de Black&amp;Scholes peut \u00e9galement \u00eatre utilis\u00e9 pour \u00e9valuer <span class=\"_\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>attributions <span class=\"_\"> </span>soumises <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>certaines <span class=\"_ _61\"> </span>conditions <span class=\"_ _46\"> </span>de march\u00e9<span class=\"_ _0\"></span>.Une <span class=\"_ _3b\"></span>provision <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>constitu\u00e9e <span class=\"_ _37\"></span>lorsque, <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a une <span class=\"_ _44\"> </span>obligation <span class=\"_ _44\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>d\u2019un <span class=\"_ _44\"> </span>\u00e9v\u00e9nement <span class=\"_ _44\"> </span>pass\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>dont <span class=\"_ _44\"> </span>il <span class=\"_ _44\"> </span>est <span class=\"_ _47\"> </span>probable qu\u2019<span class=\"_ _0\"></span>elle <span class=\"_ _44\"> </span>engendrera <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>sortie <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>ressources <span class=\"_ _44\"> </span>repr\u00e9sentative <span class=\"_ _37\"></span>d\u2019av<span class=\"_ _0\"></span>antages \u00e9conomiques futurs dont le montant peut \u00eatre estim\u00e9 de fa\u00e7on fiable<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>obligation <span class=\"_ _65\"> </span>peut <span class=\"_ _64\"> </span>d\u00e9couler <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _65\"> </span>contrat, <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>dispositions <span class=\"_ _64\"> </span>l\u00e9gales <span class=\"_ _65\"> </span>ou r\u00e9glementaires<span class=\"_ _0\"></span>, <span class=\"_ _44\"></span>ou <span class=\"_ _37\"></span>encore <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>implicite <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"></span>lors <span class=\"_ _37\"></span>que, <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>pratiques pass\u00e9es, <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>politique <span class=\"_ _64\"> </span>a\ue61ech\u00e9e <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>d\u00e9claration <span class=\"_ _65\"> </span>r\u00e9cente su\ue61esamment <span class=\"_ _46\"> </span>explicite, <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Groupe <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>cr\u00e9\u00e9 <span class=\"_ _46\"> </span>chez <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>tiers <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>attente fond\u00e9e qu\u2019il assumera ce passif<span class=\"_ _1\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>provision <span class=\"_ _3\"></span>repr\u00e9sente la <span class=\"_ _3b\"></span>meilleure <span class=\"_ _3\"></span>estimation </span>de la d\u00e9pense <span class=\"_ _3\"></span>n\u00e9cessaire \u00e0 l\u2019<span class=\"_ _0\"></span>extinction de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>obligation actuelle \u00e0 <span class=\"_ _3\"></span>la date de cl\u00f4ture<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Si le montant de l\u2019<span class=\"_ _0\"></span>obligation ne peut <span class=\"_ _3\"></span>\u00eatre \u00e9valu\u00e9 avec une fiabilit\u00e9 su\ue61esante, <span class=\"_ _3\"></span>aucune <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _3b\"></span>mais <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>description <span class=\"_ _3b\"></span>de cette obligation <span class=\"_ _3\"></span>est pr\u00e9sent\u00e9e dans <span class=\"_ _3\"></span>les notes <span class=\"_ _3\"></span>annexes aux <span class=\"_ _3\"></span>\u00e9tats financiers consolid\u00e9s.Si <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _60\"> </span>est <span class=\"_ _61\"> </span>significatif<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>montant <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>provision comptabilis\u00e9e <span class=\"_\"> </span>correspond <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_\"> </span>actualis\u00e9e <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>d\u00e9penses <span class=\"_\"> </span>que <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _6c\"> </span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _6c\"> </span>\u00e0 <span class=\"_ _2a\"> </span>devoir <span class=\"_ _6c\"> </span>encourir <span class=\"_ _2a\"> </span>pour <span class=\"_ _6c\"> </span>\u00e9teindre <span class=\"_ _6c\"> </span>l\u2019obligation correspondante<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Cette <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>avant <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _37\"></span>re\ufb02\u00e9tant <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>temps <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _0\"></span>argent. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9sactualisation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>enregistr<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61bAutres <span class=\"_ _3b\"></span>produits (charges) financiers nets\ue61b\u00bb.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"ls0 ws0\">jugement de la Direction est requis pour l\u2019<span class=\"_ _1\"></span>analyse des risques et litiges, </span>y <span class=\"_ _37\"></span>compris <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>probabilit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>d\u00e9nouements <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>litiges <span class=\"_ _37\"></span>en cours <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>venir<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>sont, <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>nature, <span class=\"_\"> </span>d\u00e9pendants <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9v\u00e9nements futurs <span class=\"_ _65\"> </span>n\u00e9cessair<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>incertains. <span class=\"_ _64\"> </span>P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>d\u00e9nouements possibles <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>litiges <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>fiscaux <span class=\"_ _61\"> </span>etc<span class=\"_ _3\"></span>., <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Direction <span class=\"_ _61\"> </span>s\u2019<span class=\"_ _0\"></span>appuie <span class=\"_ _61\"> </span>sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation r\u00e9alis\u00e9e <span class=\"_ _3\"></span>par des <span class=\"_ _3\"></span>conseils externes <span class=\"_ _3\"></span>connaissant <span class=\"_ _3\"></span>chaque dossier<span class=\"_ _0\"></span>, ainsi que sur les jurisprudences connues.Pro<span class=\"_ _0\"></span>visions pour restructurationLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>comptabilise <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _37\"></span>de </span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3b\"></span>lors <span class=\"_ _3b\"></span>qu\u2019il <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>obligation <span class=\"_ _3b\"></span>implicite <span class=\"_ _37\"></span>vis-\u00e0-vis <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tiers, <span class=\"_ _3b\"></span>ayant pour <span class=\"_ _61\"> </span>origine <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe <span class=\"_ _61\"> </span>mat\u00e9rialis\u00e9e <span class=\"_ _61\"> </span>avant <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de cl\u00f4ture par\ue61b:\u2022l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>plan <span class=\"_ _3b\"></span>d\u00e9taill\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>formalis\u00e9 <span class=\"_ _3\"></span>pr\u00e9cisant <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>sites <span class=\"_ _3b\"></span>concern\u00e9s, la <span class=\"_ _44\"> </span>localisation, <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>approximatif <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>personnes concern\u00e9es, la <span class=\"_ _3b\"></span>nature des <span class=\"_ _3b\"></span>d\u00e9penses <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>seront <span class=\"_ _3\"></span>engag\u00e9es <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de mise en \u0153uvre du plan\ue61b; et\u2022l\u2019<span class=\"_ _0\"></span>annonce de ce plan aux tiers concern\u00e9s par celui<span class=\"ffb4f\">\u2011</span>ci.La provision n\u2019inclut que les d\u00e9penses directement li\u00e9es au plan.Une <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>arr<span class=\"_ _0\"></span>\u00eat\u00e9e <span class=\"_\"> </span>ou <span class=\"_\"> </span>en <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>cession <span class=\"_ _47\"> </span>est <span class=\"_\"> </span>une <span class=\"_ _47\"> </span>composante <span class=\"_\"> </span>du Groupe <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>celui<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>s\u00e9par\u00e9 <span class=\"_ _3b\"></span>(par <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>mani\u00e8re) ou qui est d\u00e9tenue en vue de sa vente.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019IFRS\ue61f5, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>class\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u00ab\ue61fActivit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou en cours de cession\ue61f\u00bb,\ue61f:\u2022les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>doivent <span class=\"_ _3b\"></span>avoir <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>pr\u00e9alablement <span class=\"_ _3b\"></span>class\u00e9es en \u00ab\ue61fActifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f\u00bb\ue61f;\u2022les <span class=\"_ _37\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>cours <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _37\"> </span>doivent <span class=\"_ _44\"> </span>\u00eatre <span class=\"_ _37\"></span>clairement distingu\u00e9es <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>reste <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plan <span class=\"_ _44\"> </span>op\u00e9rationnel <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la communication d\u2019informations financi\u00e8res\ue61f;\u2022celles<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _37\"></span>doivent <span class=\"_ _37\"></span>repr\u00e9senter <span class=\"_ _3b\"></span>une <span class=\"_ _44\"> </span>ligne <span class=\"_ _3b\"></span>d\u2019activit\u00e9 <span class=\"_ _3b\"></span>significative <span class=\"_ _37\"> </span>(ou <span class=\"_ _37\"> </span>une r\u00e9gion g\u00e9ographique principale et distincte)\ue61f; et\u2022faire partie d\u2019un plan de cession ou d\u2019ab<span class=\"_ _0\"></span>andon <span class=\"_ _3\"></span>unique et coordonn\u00e9 ou \u00eatre une filiale acquise exclusivement dans le but de la r<span class=\"_ _0\"></span>evente.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">r\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 </span>sur <span class=\"_ _3\"></span>une ligne <span class=\"_ _3\"></span>distincte <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>compte de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>une analyse <span class=\"_ _3\"></span>d\u00e9taill\u00e9e <span class=\"_ _3\"></span>de ce montant <span class=\"_ _44\"> </span>\u00e9tant <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>ci<span class=\"ffb78\">\u2011</span>dessous<span class=\"_ _0\"></span>. <span class=\"_ _47\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>exercices pr\u00e9c\u00e9dents fait alors l\u2019<span class=\"_ _0\"></span>objet de reclassements pour pr\u00e9senter sur une ligne distincte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>le tableau des \ufb02ux de tr\u00e9sorerie, les \ufb02ux li\u00e9s \u00e0 ces activit\u00e9s <span class=\"_ _3\"></span>sont pr\u00e9sent\u00e9s de mani\u00e8re s\u00e9par\u00e9e des \ufb02ux des activit\u00e9s poursuivies<span class=\"_ _0\"></span>.Lorsqu\u2019un actif <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ou <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>groupe d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ne <span class=\"_ _3\"></span>remplit plus <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>crit\u00e8res <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _44\"> </span>d\u00e9tenus <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>vue <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_\"> </span>ils <span class=\"_ _44\"> </span>cessent <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00eatre class\u00e9s dans cette rubrique.D<span class=\"_ _0\"></span>ans ce cas, ils sont \u00e9valu\u00e9s au plus bas entre\ue61f:\u2022la <span class=\"_\"> </span>valeur <span class=\"_ _47\"> </span>comptable <span class=\"_\"> </span>av<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>classement <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actif<span class=\"_ _3b\"></span>) comme <span class=\"_ _3b\"></span>d\u00e9tenu <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>vue <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>vente, <span class=\"_ _3b\"></span>ajust\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>amortissement <span class=\"_ _3b\"></span>qui aurait <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs) n\u2019<span class=\"_ _0\"></span>avait <span class=\"_ _3b\"></span>pas <span class=\"_ _3\"></span>\u00e9t\u00e9 class\u00e9 comme d\u00e9tenu en vue de la vente\ue61f; et\u2022sa valeur recouvrable \u00e0 la date de d\u00e9cision de ne plus vendr<span class=\"_ _0\"></span>e. La valeur recouvrable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>haute <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>march\u00e9 <span class=\"_ _3\"></span>nette des co\u00fbts de cession et la valeur d\u2019utilit\u00e9.T<span class=\"_ _23\"></span>out <span class=\"_ _44\"> </span>ajustement <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>comptable <span class=\"_ _37\"> </span>est <span class=\"_\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>compte <span class=\"_ _47\"> </span>de r\u00e9sultat <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>poursuivies <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>laquelle <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>actifs cessent d\u2019<span class=\"_ _0\"></span>\u00eatre class\u00e9s comme d\u00e9tenus en vue de la vente<span class=\"_ _0\"></span>.Conform\u00e9ment \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>norme <span class=\"_ _3\"></span>IFRS\ue61f5, <span class=\"_ _3\"></span>lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d\u00e9cid\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>c\u00e9der un <span class=\"_\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_ _47\"> </span>destin\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>\u00eatr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>c\u00e9d\u00e9), <span class=\"_\"> </span>il <span class=\"_\"> </span>le <span class=\"_\"> </span>classe <span class=\"_\"> </span>en <span class=\"_\"> </span>tant <span class=\"_\"> </span>qu\u2019<span class=\"_ _1\"></span>actif d\u00e9tenu en vue de la vente si\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>disponible <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vente imm\u00e9diate <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>son <span class=\"_ _65\"> </span>\u00e9tat <span class=\"_ _65\"> </span>actuel, <span class=\"_ _66\"> </span>sous <span class=\"_ _65\"> </span>r\u00e9serve <span class=\"_ _65\"> </span>uniquement <span class=\"_ _66\"> </span>des conditions <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>habituelles <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>coutumi\u00e8res <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>tels actifs\ue61f;\u2022sa vente est hautement probable dans un d\u00e9lai d\u2019un an.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3b\"></span>cet <span class=\"_ _3b\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9 </span>distinctement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fActifs <span class=\"_ _37\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>c\u00e9d\u00e9s\ue61f\u00bb <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>bilan. <span class=\"_ _37\"> </span>Les passifs relatifs <span class=\"_ _3\"></span>\u00e0 cet <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>ou groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>sont \u00e9galement <span class=\"_ _3\"></span>pr\u00e9sent\u00e9s <span class=\"_ _3\"></span>sur une ligne distincte au passif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>le Groupe, seuls les actifs <span class=\"_ _3\"></span>r\u00e9pondant aux crit\u00e8res ci<span class=\"ffb9b\">\u2011</span>dessus et <span class=\"_ _3\"></span>faisant l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>cession <span class=\"_ _60\"> </span>formelle <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>niveau <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>direction appropri\u00e9 <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>class\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>destin\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>c\u00e9d\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>cons\u00e9quences comptables sont les suivantes\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>\u00e9valu\u00e9 au <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plus <span class=\"_ _44\"> </span>bas <span class=\"_ _37\"> </span>entre <span class=\"_ _44\"> </span>sa <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>comptable <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sa <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur diminu\u00e9e des co\u00fbts de la vente\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>actif cesse d\u2019<span class=\"_ _0\"></span>\u00eatre amorti \u00e0 compter de la date du transfert.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-2": {
   "value": "1.2.<span class=\"_ _0\"></span>1<span class=\"_ _175\"> </span>Principes d\u2019<span class=\"_ _1\"></span>\u00e9laborationCes <span class=\"_ _44\"></span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9par\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>conformit\u00e9 <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>les normes <span class=\"_ _6f\"> </span>comptables <span class=\"_ _6f\"> </span>internationales <span class=\"_ _4c\"> </span>(International <span class=\"_ _6f\"> </span>F<span class=\"_ _0\"></span>inancial <span class=\"_ _6f\"> </span>Reporting Standards, <span class=\"_\"> </span>\u00ab\ue61fIFRS\ue61f\u00bb) <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>vigueur <span class=\"_\"> </span>au <span class=\"_ _46\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>adopt\u00e9es <span class=\"_ _46\"> </span>par l\u2019Union E<span class=\"_ _0\"></span>urop\u00e9enne au 9\ue61fmars 2023.Les <span class=\"_ _6c\"> </span>normes <span class=\"_ _2a\"> </span>comptables <span class=\"_ _2a\"> </span>internationales <span class=\"_ _2a\"> </span>approuv\u00e9es <span class=\"_ _6c\"> </span>par l\u2019Union Eur<span class=\"_ _0\"></span>op\u00e9enne <span class=\"_ _b\"> </span>sont <span class=\"_ _1a\"> </span>disponibles <span class=\"_ _b\"> </span>sur <span class=\"_ _1a\"> </span>le <span class=\"_ _b\"> </span>site <span class=\"_ _1a\"> </span>suivant\ue61f: <span class=\"_ _b\"> </span>https:/<span class=\"_ _0\"></span>/finance.<span class=\"_ _0\"></span>ec.europa.eu/capital<span class=\"ff945\">\u2011</span>mark<span class=\"_ _0\"></span>ets<span class=\"ff945\">\u2011</span>union<span class=\"ff945\">\u2011</span>and<span class=\"ff945\">\u2011</span>financial<span class=\"ff945\">\u2011</span>markets/company<span class=\"ff945\">\u2011</span>reporting<span class=\"ff945\">\u2011</span>and<span class=\"ff945\">\u2011</span>auditing/company<span class=\"ff945\">\u2011</span>reporting/financial<span class=\"ff945\">\u2011</span>reporting_en#ifrsLes <span class=\"_ _64\"> </span>comptes <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>ont <span class=\"_ _64\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>arr\u00eat\u00e9s <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _64\"> </span></span>le <span class=\"_ _64\"> </span>9\ue61fmars <span class=\"_ _64\"> </span>2023. <span class=\"_ _64\"> </span>Conform\u00e9ment <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>la l\u00e9gislation <span class=\"_ _65\"> </span>fran\u00e7aise<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>ser<span class=\"_ _0\"></span>ont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s comme <span class=\"_\"> </span>d\u00e9finitifs <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_\"> </span>auront <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>approuv<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actionnaires <span class=\"_ _44\"> </span>du Groupe lors de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale des actionnaires<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>principes <span class=\"_ _46\"> </span>comptables <span class=\"_ _46\"> </span>suivis <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_\"> </span>sont <span class=\"_ _61\"> </span>identiques <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>ceux appliqu\u00e9s <span class=\"_ _44\"></span>pour <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>pr\u00e9paration <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>Groupe l\u2019<span class=\"_ _0\"></span>ann\u00e9e <span class=\"_ _6b\"> </span>pr\u00e9c\u00e9dente <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _6b\"> </span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _6b\"> </span>des <span class=\"_ _6c\"> </span>normes<span class=\"_ _0\"></span>, <span class=\"_ _6c\"> </span>amendements <span class=\"_ _6b\"> </span>et interpr\u00e9tations suivants qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 appliqu\u00e9s <span class=\"_ _3\"></span>pour la <span class=\"_ _3\"></span>premi\u00e8re fois <span class=\"_ _3\"></span>en 2022 (voir note 1.2.2.1).",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-23-2": {
   "value": "Ces <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"></span>sont <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _37\"></span>en\ue61feuros <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>sauf <span class=\"_ _44\"> </span>indication <span class=\"_ _44\"></span>contrair<span class=\"_ _0\"></span>e, arrondis <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>million <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>plus <span class=\"_ _37\"></span>proche. <span class=\"_ _3b\"></span>Cela <span class=\"_ _37\"></span>peut, <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>certains <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>figure, conduire <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>\u00e9carts <span class=\"_ _44\"></span>non <span class=\"_ _37\"></span>mat\u00e9riels <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>somme <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>sous<span class=\"ff945\">\u2011</span>totaux corresponde au total figurant dans les tableaux.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-3": {
   "value": "Les <span class=\"_ _64\"> </span>comptes <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>ont <span class=\"_ _64\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>arr\u00eat\u00e9s <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _64\"> </span></span>le <span class=\"_ _64\"> </span>9\ue61fmars <span class=\"_ _64\"> </span>2023. <span class=\"_ _64\"> </span>Conform\u00e9ment <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>la l\u00e9gislation <span class=\"_ _65\"> </span>fran\u00e7aise<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>ser<span class=\"_ _0\"></span>ont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s comme <span class=\"_\"> </span>d\u00e9finitifs <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_\"> </span>auront <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>approuv<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actionnaires <span class=\"_ _44\"> </span>du Groupe lors de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale des actionnaires<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-26-2": {
   "value": "Les <span class=\"_ _46\"> </span>comptes <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>arr\u00eat\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>application <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>principe <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>continuit\u00e9 d'exploitation <span class=\"_ _60\"> </span>apr\u00e8s <span class=\"_ _60\"> </span>examen, <span class=\"_ _60\"> </span>notamment, <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>pr\u00e9visions <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie \u00e9tablies pour les 12 prochains mois<span class=\"_ _0\"></span>.\ue61f\ue61fCes <span class=\"_ _44\"> </span>pr\u00e9visions, <span class=\"_ _44\"> </span>\u00e9tablies <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>un <span class=\"_ _44\"> </span>contexte <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>variabilit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>besoins <span class=\"_\"> </span>en fonds de roulement propr<span class=\"_ _0\"></span>es \u00e0 l'activit\u00e9 \u00e0 fort volume du Groupe :\u2022int\u00e8grent l'extension en 2022 de la ligne W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo ;\u2022prennent <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>f<span class=\"_ _3\"></span>lux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>d'exploitation <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>des clients et partenaires comme <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>dans le cadre du <span class=\"ls7 ws7\">TSA ;</span>\u2022\ue61fet <span class=\"_\"> </span>s'appuient <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>la <span class=\"_\"> </span>capacit\u00e9 <span class=\"_ _46\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>poursuivre, <span class=\"_\"> </span>si <span class=\"_\"> </span>et <span class=\"_\"> </span>lorsque n\u00e9cessaire<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>lissage <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>besoin <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>fonds <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>roulement <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>avec ses clients et fournisseurs.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-27-2": {
   "value": "1.2.2<span class=\"_ _86\"> </span>T<span class=\"_ _45\"></span>ransition IFRS et nouvelles normeser1.2.2.1<span class=\"_ _187\"> </span>Normes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations entrant en vigueur et appliqu\u00e9s au 1<span class=\"_ _6b\"> </span>\ue61fjanvier 2022erNormes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations entrant en vigueur et appliqu\u00e9s au 1<span class=\"_ _62\"> </span>\ue61fjanvier 2022Nouvelles normes et interpr\u00e9tations<span class=\"_ _108\"> </span>Principales dispositionsAmendements \u00e0 IAS\ue66216\ue662\u2013 Produits accessoires av<span class=\"_ _0\"></span>ant mise en ser<span class=\"_ _3\"></span>vice<span class=\"_ _ac\"> </span><span class=\"ff94d\">IAS\ue61f16 pose les principes de reconnaissance et d\u2019<span class=\"_ _0\"></span>\u00e9valuation d\u2019une </span>immobilisation corporelle en tant qu\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.Les amendements interdisent \u00e0 une entit\u00e9 de d\u00e9duire les pr<span class=\"_ _0\"></span>oduits g\u00e9n\u00e9r\u00e9s par une immobilisation\ue61fpendant son transfert sur site ou pendant sa mise en \u00e9tat,\ue61fen moins du co\u00fbt de l\u2019immobilisation.\ue61fA la place, l\u2019<span class=\"_ _1\"></span>entit\u00e9 devra comptabiliser ces produits de la vente et les co\u00fbts correspondants en r<span class=\"_ _0\"></span>\u00e9sultat.Amendement \u00e0 IAS\ue66237\ue662\u2013 Contrats d\u00e9\ue75ccitaires \u2013 C<span class=\"_ _0\"></span>o\u00fbts d\u2019ex<span class=\"_ _0\"></span>\u00e9cution Les co\u00fbts d\u2019<span class=\"_ _0\"></span>ex\u00e9cution comprennent les cours marginaux d\u2019<span class=\"_ _1\"></span>ex\u00e9cution du contrat d\u2019un\ue662contrat(<span class=\"ff94e lsb2 wsb2\">e.g<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span></span> main d\u2019<span class=\"_ _0\"></span>\u0153uvre et co\u00fbts des mati\u00e8res premi\u00e8res) ainsi qu\u2019une allocation des autres co\u00fbts directement li\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>ex\u00e9cution des contrats (e.q. quote<span class=\"_ _0\"></span><span class=\"ff94f\">\u2011<span class=\"ff94d\">part </span></span>d\u2019<span class=\"_ _0\"></span>amortissements des immobilisations utilis\u00e9es, entre autres<span class=\"_ _0\"></span>, pour ex\u00e9cuter le contrat).Amendements \u00e0 IFRS\ue6629 et IFRS\ue66216\ue662:<span class=\"_ _174\"> </span>IFRS\ue6629\ue662<span class=\"ff94d\">: cette norme impose \u00e0 une entit\u00e9 de d\u00e9comptabiliser un passif </span>financier et de comptabiliser un nouveau passif financier lorsqu\u2019il y a un \u00e9change entre un emprunteur existant et le pr\u00eateur d\u2019instruments de dette avec des termes substantiellement di\ue61d\u00e9rents (y compris une modification substantielle des termes d\u2019un passif financier existant ou d\u2019une partie de celui<span class=\"ff94f\">\u2011</span>ci).\ue61fLes conditions sont substantiellement di\ue61d\u00e9rentes si la valeur actuelle actualis\u00e9e des \ufb02ux de tr\u00e9sorerie restants selon les nouv<span class=\"_ _0\"></span>elles conditions di\ue61d\u00e8re d\u2019<span class=\"_ _0\"></span>au moins 10 % de la valeur actuelle actualis\u00e9e des \ufb02ux de tr\u00e9sorerie r<span class=\"_ _0\"></span>estants du passif financier initial (test de \u00ab\ue61f10\ue61f%\ue61f\u00bb)\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>amendement clarifie les frais qu\u2019une entit\u00e9 inclut lorsqu\u2019<span class=\"_ _0\"></span>elle applique le crit\u00e8re des \u00ab\ue61f10 % \u00bb pour d\u00e9terminer s\u2019il convient de d\u00e9comptabiliser un passif financier<span class=\"_ _0\"></span>.\ue61f\u2022\ue61fUne entit\u00e9 inclut uniquement les honoraires p<span class=\"_ _0\"></span>ay\u00e9s ou re\u00e7us entre l\u2019<span class=\"_ _0\"></span>entit\u00e9 (l\u2019<span class=\"_ _0\"></span>emprunteur) et le pr\u00eateur<span class=\"_ _0\"></span>, y compris les honoraires pay\u00e9s ou r<span class=\"_ _0\"></span>e\u00e7us soit par l\u2019<span class=\"_ _0\"></span>entit\u00e9, soit par le pr\u00eateur pour le compte de l\u2019<span class=\"_ _1\"></span>autre.IFRS\ue66216\ue662:L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exemple illustratif 13 d\u2019IFRS\ue61f16 explique le remboursement relatif aux co\u00fbts d\u2019<span class=\"_ _0\"></span>agencement incombant au locataire. L<span class=\"_ _f\"></span>\u2019exemple n\u2019<span class=\"_ _1\"></span>explique pas assez clairement la conclusion quant \u00e0 savoir si le remboursement r<span class=\"_ _0\"></span>\u00e9pondrait \u00e0 la d\u00e9finition d\u2019un all\u00e8gement de loyer selon la norme IFRS\ue61f16.\u2022P<span class=\"_ _0\"></span>our lever toute confusion potentielle concernant le traitement des all\u00e9gements de loyer<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _0\"></span>amendement supprime d\u00e9sormais l\u2019illustration du remboursement des agencements.\u2022Comme l\u2019<span class=\"_ _0\"></span>amendement \u00e0 IFRS\ue61f16 ne concerne qu\u2019un exemple illustratif (partie non obligatoire des IFRS), aucune date d\u2019<span class=\"_ _0\"></span>entr\u00e9e en vigueur n\u2019<span class=\"_ _0\"></span>est indiqu\u00e9e.\ue61fAucun <span class=\"_\"> </span>impact <span class=\"_ _46\"> </span>significatif <span class=\"_ _46\"> </span>n\u2019a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>identifi\u00e9 <span class=\"_ _46\"> </span>r\u00e9sultant <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>l\u2019application <span class=\"_\"> </span>des 1.2.2.<span class=\"_ _3\"></span>2Principales normes<span class=\"_ _0\"></span>, modifications et interpr\u00e9tations normes ci<span class=\"ff94f\">\u2011</span>dessus.qui ne sont pas encore entr\u00e9es en vigueur et qui n\u2019<span class=\"_ _0\"></span>ont pas \u00e9t\u00e9 appliqu\u00e9es par anticipation par V<span class=\"_ _f\"></span>antivaNormes<span class=\"_ _0\"></span>, amendements et interpr\u00e9tations non appliqu\u00e9es erau\ue61f1<span class=\"_ _62\"> </span>\ue61fjanvier 2022Les <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _44\"> </span>normes, <span class=\"_ _37\"> </span>modifications <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>interpr\u00e9tations <span class=\"_ _37\"> </span>qui <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>publi\u00e9es, mais pas <span class=\"_ _3\"></span>encore en <span class=\"_ _3\"></span>vigueur<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de publication <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>\u00e9tats financiers <span class=\"_ _3\"></span>du Aucune norme n\u2019<span class=\"_ _0\"></span>a \u00e9t\u00e9 appliqu\u00e9e par anticipation.Groupe <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>pr\u00e9sent\u00e9es <span class=\"_ _3b\"></span>ci<span class=\"ff94f\">\u2011</span>dessous. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3\"></span>l\u2019intention <span class=\"_ _3\"></span>d\u2019adopter <span class=\"_ _3\"></span>ces normes <span class=\"_ _6f\"> </span>et <span class=\"_ _4c\"> </span>interpr\u00e9tations <span class=\"_ _6f\"> </span>nouvelles <span class=\"_ _6f\"> </span>et <span class=\"_ _4c\"> </span>modifi\u00e9es, <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>cas <span class=\"_ _6f\"> </span>\u00e9ch\u00e9ant, lorsqu\u2019<span class=\"_ _0\"></span>elles entreront en vigueur<span class=\"_ _1\"></span>.Nouvelles normes<span class=\"_ _0\"></span>,\ue662amendements et interpr\u00e9tations<span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>application<span class=\"_ _18a\"> </span>Principales dispositionserInformations \u00e0 fournir sur 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023Les entreprises doivent d\u00e9sormais fournir une information sur les m\u00e9thodes les\ue662m\u00e9thodes comptables(non adopt\u00e9 par l\u2019UE)comptables\ue61fsignificatives\ue61fplut\u00f4t que sur les\ue61fprincipales\ue61fm\u00e9thodes. Plusieurs p<span class=\"_ _0\"></span>aragraphes sont ajout\u00e9s (Amendement \u00e0 IAS\ue61f1 et \u00e0 pour expliquer comment une entit\u00e9 peut identifier des informations sur les m\u00e9thodes comptables l\u2019<span class=\"_ _0\"></span>\u00e9nonc\u00e9 pratique en IFRS\ue61f2)significatives et donner des exemples de cas o\u00f9 des informations sur les m\u00e9thodes comptables sont susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre significatives.Ces amendements pr\u00e9cisent que\ue61f:\u2022des informations sur les m\u00e9thodes comptables peuvent \u00eatre significatives du fait de leur natur<span class=\"_ _0\"></span>e, m\u00eame si les montants associ\u00e9s sont non significatifs\ue61f;\u2022les informations sur les m\u00e9thodes comptables sont significatives si elles sont n\u00e9cessaires \u00e0 la compr\u00e9hension, par les utilisateurs<span class=\"_ _0\"></span>, d\u2019autr<span class=\"_ _0\"></span>es informations significatives contenues dans les \u00e9tats financiers\ue61f;\u2022si une entit\u00e9 fournit des informations non significatives sur les m\u00e9thodes comptables, ces informations ne doivent pas obscurcir des informations significatives sur les m\u00e9thodes comptables<span class=\"_ _0\"></span>.En outre<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _0\"></span>\u00e9nonc\u00e9 de pratique sur les IFRS\ue61f2 a \u00e9t\u00e9 modifi\u00e9 afin d\u2019y ajouter des directives et des exemples pour expliquer et illustrer l\u2019<span class=\"_ _1\"></span>application du processus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pratique sur les IFRS\ue61f2 \u2013 <span class=\"ff958\">Making M<span class=\"_ _0\"></span>ateriality Judgements<span class=\"ff957\">, aux informations \u00e0 fournir sur les </span></span>m\u00e9thodes comptables pour appuyer les modifications d\u2019IAS\ue61f1.Le Groupe est en cours d\u2019<span class=\"_ _1\"></span>\u00e9valuation de l\u2019impact de ces amendements sur leur incidence qu\u2019ils auront sur la pr\u00e9sentation des politiques comptables du Groupe<span class=\"_ _0\"></span>.erClassement des passifs en tant 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2024Ces amendements ont pour objet\ue61f:que passifs courants ou non (non adopt\u00e9 par l\u2019UE)1.clarifient que le classement des passifs en tant que passifs courants ou non courants doit \u00eatr<span class=\"_ _0\"></span>e courantsfonction des droits qui existent \u00e0 la fin de la p\u00e9riode de pr\u00e9sentation de l\u2019information financi\u00e8re (Amendements \u00e0 IAS\ue61f1)et harmonisent le libell\u00e9 de tous les paragraphes concern\u00e9s pour utiliser le terme \u00ab\ue61fdr<span class=\"_ _0\"></span>oit\ue61f\u00bb de diff\u00e9rer le r\u00e8glement du passif pour au moins douze mois et indiquer explicitement que seuls les droits qui existent \u00ab\ue61f\u00e0 la fin de la p\u00e9riode de pr\u00e9sentation de l\u2019information financi\u00e8re\ue61f\u00bb influent sur le classement d\u2019un passif\ue61f;2.clarifient que le classement n\u2019<span class=\"_ _0\"></span>est pas touch\u00e9 par les attentes quant \u00e0 l\u2019<span class=\"_ _0\"></span>exercice du droit de l\u2019<span class=\"_ _0\"></span>entit\u00e9 de diff\u00e9rer le r\u00e8glement du passif\ue61f; et3.pr\u00e9cisent que par r\u00e8glement on entend le tr<span class=\"_ _0\"></span>ansfert \u00e0 l\u2019autr<span class=\"_ _0\"></span>e partie d\u2019\u00e9l\u00e9ments de tr<span class=\"_ _0\"></span>\u00e9sorerie, d\u2019instruments de capitaux propres<span class=\"_ _0\"></span>, d\u2019autr<span class=\"_ _0\"></span>es actifs ou de ser<span class=\"_ _3\"></span>vices.Le Groupe est en cours d\u2019<span class=\"_ _1\"></span>\u00e9valuation de l\u2019impact de ces amendements sur la pr\u00e9sentation actuelle et dans quelle mesure certains contrats devront \u00eatr<span class=\"_ _0\"></span>e revus.erD\u00e9\ue75cnition d\u2019une estimation 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023La d\u00e9finition d\u2019un changement d\u2019<span class=\"_ _0\"></span>estimations comptables est remplac\u00e9e par une d\u00e9finition des comptable\ue61festimations comptables. Selon la nouvelle d\u00e9finition, les estimations comptables sont des \u00ab\ue61fmontants (Amendements \u00e0 IAS\ue61f8)mon\u00e9taires dans les \u00e9tats financiers qui sont sujets \u00e0 une incertitude relative \u00e0 la mesur<span class=\"_ _0\"></span>e\ue61f\u00bb.Les entit\u00e9s \u00e9laborent des estimations comptables si les m\u00e9thodes comptables exigent que les \u00e9l\u00e9ments des \u00e9tats financiers soient \u00e9valu\u00e9s d\u2019une mani\u00e8re qui implique une incertitude de mesure<span class=\"_ _0\"></span>.Le Board pr<span class=\"_ _0\"></span>\u00e9cise qu\u2019un changement d\u2019estimation comptable r<span class=\"_ _0\"></span>\u00e9sultant de nouvelles informations ou de nouveaux d\u00e9veloppements ne constitue pas la correction d\u2019une err<span class=\"_ _0\"></span>eur<span class=\"_ _0\"></span>. En outre, les e\ue61dets d\u2019un changement d\u2019une donn\u00e9e ou d\u2019une technique d\u2019<span class=\"_ _0\"></span>\u00e9valuation utilis\u00e9e pour \u00e9tablir une estimation comptable sont des changements d\u2019<span class=\"_ _0\"></span>estimations comptables s\u2019ils ne r\u00e9sultent pas de la correction d\u2019<span class=\"_ _0\"></span>erreurs de p\u00e9riodes ant\u00e9rieures.Un changement d\u2019<span class=\"_ _0\"></span>estimation comptable peut a\ue61decter uniquement le r\u00e9sultat de la p\u00e9riode en cours, ou le r\u00e9sultat de la p\u00e9riode en cours et des p\u00e9riodes futures<span class=\"_ _0\"></span>. L<span class=\"_ _1\"></span>\u2019e\ue61det du changement relatif \u00e0 la p\u00e9riode en cours est comptabilis\u00e9 en produit ou en charge de la p\u00e9riode en cours<span class=\"_ _0\"></span>. L<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det, le cas \u00e9ch\u00e9ant, sur les p\u00e9riodes futures est comptabilis\u00e9 en produit ou en charge dans ces p\u00e9riodes futur<span class=\"_ _0\"></span>es.Les amendements ne devraient pas avoir d\u2019imp<span class=\"_ _0\"></span>act significatif pour le Groupe.erImp\u00f4ts di\ue75b\u00e9r\u00e9s r<span class=\"_ _0\"></span>elatifs \u00e0 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2023Les modifications visent \u00e0 clarifier la mani\u00e8re dont les entreprises comptabilisent l\u2019imp\u00f4t di\ue61d\u00e9r<span class=\"_ _0\"></span>\u00e9 sur des\ue662actifs et passifs r\u00e9sultant \ue61fdes transactions telles que les contrats de location et les obligations de d\u00e9mant\u00e8lement.d\u2019une\ue662m\u00eame transactionLe principal changement est une exemption de l\u2019<span class=\"_ _1\"></span>exemption de comptabilisation initiale pr\u00e9vue dans (Amendements \u00e0 IAS\ue61f12)IAS\ue61f12.<span class=\"_ _0\"></span>15(b) et IAS\ue61f12.<span class=\"_ _3\"></span>24. P<span class=\"_ _0\"></span>ar cons\u00e9quent, l\u2019<span class=\"_ _0\"></span>exemption de comptabilisation initiale ne s\u2019<span class=\"_ _0\"></span>applique pas aux transactions dans lesquelles des montants \u00e9gaux de di\ue61d\u00e9rences temporelles d\u00e9ductibles et imposables surviennent lors de la comptabilisation initiale. Ceci est \u00e9galement expliqu\u00e9 dans le nouveau paragraphe IAS\ue61f12.22A.Les amendements ne devraient pas avoir d\u2019imp<span class=\"_ _0\"></span>act significatif sur le Groupe.Nouvelles normes<span class=\"_ _0\"></span>,\ue662amendements et interpr\u00e9tations<span class=\"_ _66\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>application<span class=\"_ _18a\"> </span>Principales dispositionserAmendements \u00e0 IFRS\ue66216 1<span class=\"_ _6f\"> </span>\ue61fjanvier 2024Ces amendements apportent des clarifications sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation ult\u00e9rieure des transactions de Contrats de location\ue662: P<span class=\"_ _0\"></span>assif (non adopt\u00e9 par l\u2019UE)cession<span class=\"ff960\">\u2011</span>bail lorsque la cession initiale du bien r\u00e9pond aux crit\u00e8res d\u2019IFRS\ue61f15 pour \u00eatr<span class=\"_ _0\"></span>e comptabilis\u00e9e Locatif dans une T<span class=\"_ _23\"></span>ransaction comme une vente. C<span class=\"_ _0\"></span>es amendements pr\u00e9cisent en particulier comment \u00e9valuer ult\u00e9rieurement la de cession<span class=\"ff960\">\u2011</span>\u2011baildette de location r\u00e9sultant de transactions de cession<span class=\"_ _0\"></span><span class=\"ff960\">\u2011<span class=\"ff961\">bail, constitu\u00e9e de paiements de loyers </span></span>variables qui ne d\u00e9pendent pas d\u2019un indice ou d\u2019un taux.Le nouveau paragr<span class=\"_ _0\"></span>aphe 102A qui est ajout\u00e9 dans la norme IFRS\ue61f16 pr\u00e9cise\ue61f:que le vendeur<span class=\"ff960\">\u2011</span>preneur \u00e9v<span class=\"_ _0\"></span>alue ult\u00e9rieurement la dette de location r\u00e9sultant d\u2019une transaction de cession<span class=\"ff960\">\u2011</span>bail conform\u00e9ment aux dispositions existantes de la norme (paragr<span class=\"_ _0\"></span>aphe 36 \u00e0 46), mais en d\u00e9terminant les paiements de loyers de fa\u00e7on \u00e0 ne comptabiliser aucun gain ou perte li\u00e9 au droit d\u2019utilisation conserv\u00e9 (dit autrement, le vendeur<span class=\"_ _0\"></span><span class=\"ff960\">\u2011<span class=\"ff961\">preneur ne comptabilise en r\u00e9sultat que le gain ou la </span></span>perte li\u00e9 au droit d\u2019utilisation transf\u00e9r\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>acheteur<span class=\"ff960\">\u2011</span>bailleur)\ue61f; etque les pr\u00e9sents amendements ne font pas obstacles \u00e0 l\u2019<span class=\"_ _0\"></span>application du paragraphe 46(a) en cas de modification du contrat de location r\u00e9duisant l\u2019<span class=\"_ _1\"></span>\u00e9tendue de celui<span class=\"ff960\">\u2011</span>ci\ue61f: le vendeur<span class=\"ff960\">\u2011</span>preneur comptabilise en r\u00e9sultat tout gain ou perte li\u00e9 \u00e0 la r\u00e9siliation partielle ou totale du contr<span class=\"_ _0\"></span>at de location.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-30-2": {
   "value": "1.2.3Principes comptables du Groupe sujets \u00e0\ue61festimations et jugementsLes <span class=\"_ _3\"></span>informations <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>ces <span class=\"_ _3b\"></span>\u00e9tats <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3b\"></span>ont \u00e9t\u00e9 <span class=\"_ _66\"> </span>\u00e9labor\u00e9es <span class=\"_ _66\"> </span>selon <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>principe <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>co\u00fbt <span class=\"_ _66\"> </span>historique <span class=\"_ _4c\"> </span>avec <span class=\"_ _66\"> </span>quelques exceptions <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>di\ue61d\u00e9rents <span class=\"_ _37\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _37\"></span>pour <span class=\"_ _44\"> </span>lesquels <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>dispositions sp\u00e9cifiques pr\u00e9vues par les IFRS ont \u00e9t\u00e9 appliqu\u00e9es\ue61f:\u2022les <span class=\"_ _4c\"> </span>actifs <span class=\"_ _6f\"> </span>non<span class=\"ff960\">\u2011</span>financiers <span class=\"_ _6f\"> </span>sont <span class=\"_ _4c\"> </span>initialement <span class=\"_ _6f\"> </span>reconnus <span class=\"_ _6f\"> </span>\u00e0 <span class=\"_ _4c\"> </span>leur <span class=\"_ _6f\"> </span>co\u00fbt d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _6f\"> </span>ou <span class=\"_ _6f\"> </span>de <span class=\"_ _28\"> </span>construction <span class=\"_ _6f\"> </span>incluant <span class=\"_ _6f\"> </span>les <span class=\"_ _28\"> </span>co\u00fbts <span class=\"_ _6f\"> </span>directement attribuables <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>ser<span class=\"_ _3\"></span>vice <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>tel <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>pr\u00e9vu par la <span class=\"_ _3\"></span>Direction du <span class=\"_ _3\"></span>Groupe. Les actifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>sont ensuite <span class=\"_ _3\"></span>\u00e9valu\u00e9s au co\u00fbt amorti\ue61f: <span class=\"_ _3\"></span>le co\u00fbt historique <span class=\"_ _3\"></span>diminu\u00e9 de l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _3\"></span>cumul\u00e9 et des pertes de valeur\ue61f;\u2022les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>passifs <span class=\"_\"> </span>financiers <span class=\"_ _46\"> </span>sont <span class=\"_\"> </span>initialement <span class=\"_ _46\"> </span>reconnus <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_\"> </span>juste valeur ou au co\u00fbt amorti (voir note 8.<span class=\"_ _0\"></span>4).La <span class=\"_ _3\"></span>pr\u00e9paration <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>comptes <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>\u00e9tablis <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>normes comptables <span class=\"_ _3b\"></span>internationales <span class=\"_ _3b\"></span>(IFRS) <span class=\"_ _3b\"></span>oblige <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>dirigeants <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>faire des <span class=\"_ _44\"> </span>estimations <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>\u00e9mettre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a\ue61dectent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>montants consolid\u00e9s <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_\"> </span>et <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>ainsi <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>montants <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>charges <span class=\"_\"> </span>et produits <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"> </span>durant <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s. <span class=\"_ _44\"> </span>Ces estimations et hypoth\u00e8ses peuvent contenir un certain degr\u00e9 d\u2019incertitude<span class=\"_ _0\"></span>.La <span class=\"_ _62\"> </span>Direction <span class=\"_ _62\"> </span>base <span class=\"_ _62\"> </span>ces <span class=\"_ _63\"> </span>estimations <span class=\"_ _62\"> </span>sur <span class=\"_ _63\"> </span>des <span class=\"_ _62\"> </span>donn\u00e9es <span class=\"_ _63\"> </span>historiques comparables <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>sur <span class=\"_ _60\"> </span>di\ue61d\u00e9rentes <span class=\"_ _60\"> </span>autres <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _60\"> </span>qui, <span class=\"_ _64\"> </span>au <span class=\"_ _60\"> </span>regard <span class=\"_ _60\"> </span>des circonstances<span class=\"_ _0\"></span>, <span class=\"_ _66\"> </span>sont <span class=\"_ _66\"> </span>jug\u00e9es <span class=\"_ _65\"> </span>les <span class=\"_ _66\"> </span>plus <span class=\"_ _66\"> </span>raisonnables <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>pertinentes. <span class=\"_ _65\"> </span>Les circonstances <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>r\u00e9sultats <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>di\ue61d\u00e9rer <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3b\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>et estimations.La <span class=\"_ _3b\"></span>D<span class=\"_ _0\"></span>irection <span class=\"_ _3b\"></span>revoit <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>appr\u00e9ciations <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>mani\u00e8re <span class=\"_ _3\"></span>constante sur <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _44\"> </span>exp\u00e9rience <span class=\"_ _37\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>ainsi <span class=\"_ _37\"> </span>que <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>divers <span class=\"_ _37\"> </span>autres <span class=\"_ _37\"> </span>facteurs jug\u00e9s <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>plus <span class=\"_ _37\"></span>raisonnables <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>pertinents <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>d\u00e9termination <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>juste valeur des actifs et passifs et des produits et char<span class=\"_ _0\"></span>ges.La <span class=\"_ _61\"> </span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _61\"> </span>pr\u00e9sente <span class=\"_ _61\"> </span>ci<span class=\"ff960\">\u2011</span>apr\u00e8s <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>principes <span class=\"_ _61\"> </span>comptables <span class=\"_ _61\"> </span>utilis\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _37\"></span>lors <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>pr\u00e9paration <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _37\"></span>qui <span class=\"_ _37\"> </span>n\u00e9cessitent <span class=\"_ _44\"> </span>la mise <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>jugements <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>estimations <span class=\"_ _37\"></span>ayant <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>impact <span class=\"_ _37\"></span>significatif sur les comptes consolid\u00e9s\ue61f:\u2022absence <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>risque <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>continuit\u00e9 <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>exploitation, <span class=\"_ _60\"> </span>malgr\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>variabilit\u00e9 potentielle <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>calendrier <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>ventes<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>notamment <span class=\"_ _66\"> </span>au <span class=\"_ _66\"> </span>regard <span class=\"_ _66\"> </span>des pr\u00e9visions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>flux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>vis\u00e9es <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>du 9\ue61fmars 2023 pour les 12 mois \u00e0 venir\ue61f;\u2022d\u00e9signation comptable de la participation dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>(voir note 2.2.<span class=\"_ _3\"></span>2)\ue61f;\u2022comptabilisation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>refinancement. (voir note 2.2.2 et 3.4)\ue61f;\u2022perte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>incorporels <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie ind\u00e9termin\u00e9e (voir notes 4.<span class=\"_ _0\"></span>1, 4.2)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_\"> </span>d\u2019utilit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>corporelles <span class=\"_\"> </span>et incorporelles (voir notes 4.2 et 4.3)\ue61f;\u2022d\u00e9termination <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>terme <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>loyers <span class=\"_ _4c\"> </span>pour <span class=\"_ _4c\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>droits d\u2019utilisation, <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>montants <span class=\"_ _44\"> </span>r\u00e9cup\u00e9rables <span class=\"_ _44\"> </span>pour <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>d\u2019utilisation test\u00e9s individuellement (voir note 4.4)\ue61f;\u2022pr\u00e9sentation des autres produits (char<span class=\"_ _0\"></span>ges) (voir note 3.3.3.)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>nette <span class=\"_\"> </span>de <span class=\"_\"> </span>r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>(voir <span class=\"_\"> </span>note 5.<span class=\"_ _0\"></span>1.2)\ue61f;\u2022reconnaissance des actifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s (voir note 6.2)\ue61f;\u2022d\u00e9termination <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>actuarielles <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour <span class=\"_ _44\"> </span>l\u2019actualisation des provisions pour retr<span class=\"_ _0\"></span>aite et avantages assimil\u00e9s (voir note 9<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2)\ue61f;\u2022estimation des risques et litiges (voir note 10)\ue61f;\u2022d\u00e9termination des redevances \u00e0 payer (v<span class=\"_ _0\"></span>oir note 5.<span class=\"_ _0\"></span>1.4).E<span class=\"_ _0\"></span>stimation des redevances \u00e0 payerD<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_\"> </span>cadr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>normal <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>ses <span class=\"_ _47\"> </span>activit\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_ _44\"> </span>\u00e0 utiliser certaines <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>prot\u00e9g\u00e9es par <span class=\"_ _3\"></span>des brevets <span class=\"_ _3\"></span>d\u00e9tenus par <span class=\"_ _3\"></span>des tiers. D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>la majorit\u00e9 <span class=\"_ _3\"></span>des cas, le <span class=\"_ _3\"></span>montant des <span class=\"_ _3\"></span>royalties \u00e0 payer <span class=\"_ _3\"></span>\u00e0 ces <span class=\"_ _3\"></span>tiers pour <span class=\"_ _3\"></span>l\u2019utilisation <span class=\"_ _3\"></span>de ces <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>d\u00e9fini <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat formel <span class=\"_ _3\"></span>de licences. <span class=\"_ _37\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>certains <span class=\"_ _44\"> </span>cas, <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>particulier <span class=\"_ _37\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>premi\u00e8res <span class=\"_ _37\"></span>ann\u00e9es d\u2019une <span class=\"_ _65\"> </span>technologie <span class=\"_ _65\"> </span>\u00e9mergente, <span class=\"_ _65\"> </span>quand <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>appartenance <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>droits <span class=\"_ _65\"> </span>de Propri\u00e9t\u00e9 intellectuelle <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>\u00eatre d\u00e9termin\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>certaine, le <span class=\"_\"> </span>jugement <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>Direction <span class=\"_\"> </span>est <span class=\"_\"> </span>utilis\u00e9 <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_\"> </span>la <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>obabilit\u00e9 qu\u2019un <span class=\"_ _61\"> </span>tiers <span class=\"_ _60\"> </span>r\u00e9clame <span class=\"_ _61\"> </span>ses <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>pour <span class=\"_ _61\"> </span>estimer <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>co\u00fbt <span class=\"_ _61\"> </span>probable <span class=\"_ _61\"> </span>de l\u2019utilisation <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>technologie <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors que <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>r\u00e9clamation est <span class=\"_ _3\"></span>probable. P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>r\u00e9aliser <span class=\"_ _65\"> </span>cette <span class=\"_ _65\"> </span>\u00e9v<span class=\"_ _0\"></span>aluation, <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>Direction <span class=\"_ _64\"> </span>prend <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>compte <span class=\"_ _65\"> </span>son exp\u00e9rience <span class=\"_ _44\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>technologies <span class=\"_ _47\"> </span>comparables <span class=\"_ _37\"> </span>et/ou <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>des d\u00e9tenteurs <span class=\"_ _46\"> </span>particuliers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>technologies. <span class=\"_\"> </span>Les <span class=\"_\"> </span>redevances <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>payer <span class=\"_ _61\"> </span>sont pr\u00e9sent\u00e9es <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>sein <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>courantes\ue61e\u00bb <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes non courantes\ue61e\u00bb dans le bilan du Groupe<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-32-2": {
   "value": "1.2.4Conversion des tr<span class=\"_ _0\"></span>ansactions en devisesConversion des \u00e9tats financiers exprim\u00e9s en devisesLes <span class=\"_\"> </span>\u00e9tats <span class=\"_ _46\"> </span>financiers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>entit\u00e9s <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>monnaie fonctionnelle <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>di\ue61d\u00e9r<span class=\"_ _0\"></span>ente <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>celle <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>selon <span class=\"_ _47\"> </span>les m\u00e9thodes suivantes\ue61f:\u2022les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>\u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au taux de change de cl\u00f4ture\ue61f;\u2022les <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ges <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>change moyen de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>.Les <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultant <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>inscrits <span class=\"_ _44\"> </span>directement <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>les autres \u00e9l\u00e9ments du R\u00e9sultat Glob<span class=\"_ _0\"></span>al.Comptabilisation des transactions en devises \u00e9tr<span class=\"_ _0\"></span>ang\u00e8resLes transactions <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>devises <span class=\"_ _3\"></span>\u00e9trang\u00e8res <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>converties au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>d\u2019op\u00e9r<span class=\"_ _0\"></span>ation. <span class=\"_ _3b\"></span>A <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>bilan, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>et passifs mon\u00e9taires <span class=\"_ _3\"></span>libell\u00e9s en <span class=\"_ _3\"></span>devises \u00e9trang\u00e8res <span class=\"_ _3\"></span>sont convertis <span class=\"_ _3\"></span>au cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cl\u00f4ture de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice. Les <span class=\"_ _3\"></span>di\ue61d\u00e9rences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>qui en <span class=\"_ _3\"></span>r\u00e9sultent sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>consolid\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>produit <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>perte de change.Les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_\"> </span>p<span class=\"_ _0\"></span>assifs <span class=\"_\"> </span>non <span class=\"_\"> </span>mon\u00e9taires <span class=\"_\"> </span>libell\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>devises <span class=\"_\"> </span>\u00e9tr<span class=\"_ _0\"></span>ang\u00e8res <span class=\"_\"> </span>sont convertis au cours de change historique en vigueur \u00e0 la date de transaction.Les <span class=\"_ _44\"> </span>principaux <span class=\"_\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>cl\u00f4tur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>cours <span class=\"_\"> </span>moyens <span class=\"_ _44\"> </span>retenus <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>indiqu\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>tableau <span class=\"_ _44\"> </span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_\"> </span>(pr<span class=\"_ _0\"></span>\u00e9sentant <span class=\"_\"> </span>une <span class=\"_ _44\"> </span>unit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _44\"> </span>convertie <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>devise \u00e9trang\u00e8re)\ue61f:Taux de cl\u00f4tureTaux moyen\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ff96a fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ff96a fc1\">2021</span>Dollar US (US$)<span class=\"_ _2be\"> </span>1,0666<span class=\"_ _d5\"> </span>1,<span class=\"_ _0\"></span>1326<span class=\"_ _194\"> </span>1,0563<span class=\"_ _9e\"> </span>1,<span class=\"_ _0\"></span>1851\ue61fLe <span class=\"ls0 ws0\">taux moyen est d\u00e9termin\u00e9 en calculant la moyenne des taux de cl\u00f4ture mensuels sur l\u2019<span class=\"_ _1\"></span>ann\u00e9e, sauf si la m\u00e9thode cr\u00e9e des distorsions mat\u00e9rielles.</span>Note 2<span class=\"_ _6a\"> </span>P<span class=\"_ _1\"></span>\u00e9rim\u00e8tre de consolidation2<span class=\"_ _3\"></span>.1<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">P<span class=\"_ _0\"></span>\u00e9rim\u00e8tre et m\u00e9thode de consolidation</span>FilialesT<span class=\"_ _23\"></span>outes <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>contr\u00f4l\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>entit\u00e9s ad <span class=\"_ _37\"> </span>hoc), <span class=\"_ _44\"> </span>c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _3b\"></span>dans <span class=\"_ _44\"> </span>lesquelles <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>d\u00e9cider des politiques <span class=\"_ _3\"></span>financi\u00e8re et op\u00e9rationnelle afin <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>obtenir les <span class=\"_ _3\"></span>b\u00e9n\u00e9fices des activit\u00e9s, <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>filiales <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>sont <span class=\"_ _37\"> </span>int\u00e9gr\u00e9es <span class=\"_ _37\"> </span>globalement. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>contr\u00f4le <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sum\u00e9 exister <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe d\u00e9tient <span class=\"_ _3\"></span>directement ou <span class=\"_ _3\"></span>indirectement plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>moiti\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>soci\u00e9t\u00e9 (sont pris <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes <span class=\"_ _61\"> </span>existants <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes potentiels <span class=\"_ _60\"> </span>imm\u00e9diatement <span class=\"_ _60\"> </span>exer\u00e7ables <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>convertibles) <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>qu\u2019il <span class=\"_ _60\"> </span>n\u2019y <span class=\"_ _60\"> </span>a aucun <span class=\"_\"> </span>autre <span class=\"_ _44\"> </span>actionnaire <span class=\"_\"> </span>qui <span class=\"_ _47\"> </span>d\u00e9tient <span class=\"_ _47\"> </span>un <span class=\"_ _47\"> </span>droit <span class=\"_ _44\"> </span>significatif <span class=\"_\"> </span>lui <span class=\"_\"> </span>permettant d\u2019<span class=\"_ _0\"></span>exercer <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>v\u00e9to <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>bloquer <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>d\u00e9cisions <span class=\"_\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>politiques financi\u00e8re <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>op\u00e9rationnelle <span class=\"_ _3b\"></span>prises <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _3b\"></span><span class=\"ff96b\">ad <span class=\"_ _37\"></span>hoc<span class=\"_ _3b\"></span></span> qui satisfont <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>crit\u00e8res <span class=\"_ _3\"></span>\u00e9nonc\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>IFRS\ue61f10 <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>par int\u00e9gration <span class=\"_ _46\"> </span>globale, <span class=\"_ _46\"> </span>quelle <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>forme <span class=\"_ _61\"> </span>juridique, <span class=\"_ _46\"> </span>quand <span class=\"_ _61\"> </span>bien m\u00eame le Groupe ne d\u00e9tient aucun titre dans ces entit\u00e9s<span class=\"_ _0\"></span>.Entr<span class=\"_ _0\"></span>eprises associ\u00e9esUne <span class=\"_ _37\"> </span>entreprise <span class=\"_ _44\"> </span>associ\u00e9e <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>laquelle <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>exerce une <span class=\"_\"> </span>in\ufb02uence <span class=\"_ _61\"> </span>notable <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>n\u2019est <span class=\"_\"> </span>ni <span class=\"_\"> </span>une <span class=\"_ _46\"> </span>filiale <span class=\"_ _46\"> </span>ni <span class=\"_ _61\"> </span>une <span class=\"_\"> </span>co<span class=\"ff968\">\u2011</span>entreprise. L<span class=\"_ _1\"></span>\u2019in\ufb02uence <span class=\"_ _44\"> </span>notable <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>participer <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9cisions <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux politiques <span class=\"_ _44\"> </span>op\u00e9rationnelle <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>financi\u00e8re <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _44\"> </span>sans <span class=\"_ _44\"> </span>d\u00e9tenir <span class=\"_\"> </span>ni <span class=\"_ _37\"> </span>le contr\u00f4le <span class=\"_ _4c\"> </span>exclusif<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>ni <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>contr\u00f4le <span class=\"_ _4c\"> </span>conjoint <span class=\"_ _4c\"> </span>sur <span class=\"_ _6f\"> </span>ces <span class=\"_ _4c\"> </span>politiques. <span class=\"_ _4c\"> </span>Les participations <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>entreprises <span class=\"_ _3\"></span>associ\u00e9es <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>\u00e9quivalence <span class=\"_ _37\"></span>conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61f11. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2019acquisition <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inclus <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable de la participation.Co<span class=\"ff968 ls0 ws0\">\u2011<span class=\"ff965\">entreprises</span></span>Une <span class=\"_ _3b\"></span>co<span class=\"ff968\">\u2011</span>entreprise <span class=\"_ _3b\"></span>r\u00e9sulte <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>contractuel <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>lequel <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>Groupe et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>partenaires <span class=\"_ _3\"></span>s\u2019entendent <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>mener <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>activit\u00e9 <span class=\"_ _3b\"></span>\u00e9conomique dans <span class=\"_ _47\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>contr\u00f4le <span class=\"_ _47\"> </span>conjoint. <span class=\"_ _44\"> </span>Les <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>telles soci\u00e9t\u00e9s <span class=\"_ _3\"></span>sont comptabilis\u00e9es <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise en <span class=\"_ _3\"></span>\u00e9quivalence conform\u00e9ment \u00e0 la norme IFRS\ue61f11.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-32-4": {
   "value": "1.2.4Conversion des tr<span class=\"_ _0\"></span>ansactions en devisesConversion des \u00e9tats financiers exprim\u00e9s en devisesLes <span class=\"_\"> </span>\u00e9tats <span class=\"_ _46\"> </span>financiers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>entit\u00e9s <span class=\"_ _61\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>monnaie fonctionnelle <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>di\ue61d\u00e9r<span class=\"_ _0\"></span>ente <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>celle <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>selon <span class=\"_ _47\"> </span>les m\u00e9thodes suivantes\ue61f:\u2022les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>\u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au taux de change de cl\u00f4ture\ue61f;\u2022les <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ges <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>convertis <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>euro <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>change moyen de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>.Les <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultant <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>inscrits <span class=\"_ _44\"> </span>directement <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>les autres \u00e9l\u00e9ments du R\u00e9sultat Glob<span class=\"_ _0\"></span>al.Comptabilisation des transactions en devises \u00e9tr<span class=\"_ _0\"></span>ang\u00e8resLes transactions <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>devises <span class=\"_ _3\"></span>\u00e9trang\u00e8res <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>converties au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>d\u2019op\u00e9r<span class=\"_ _0\"></span>ation. <span class=\"_ _3b\"></span>A <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>bilan, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>et passifs mon\u00e9taires <span class=\"_ _3\"></span>libell\u00e9s en <span class=\"_ _3\"></span>devises \u00e9trang\u00e8res <span class=\"_ _3\"></span>sont convertis <span class=\"_ _3\"></span>au cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cl\u00f4ture de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice. Les <span class=\"_ _3\"></span>di\ue61d\u00e9rences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>qui en <span class=\"_ _3\"></span>r\u00e9sultent sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>consolid\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>produit <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>perte de change.Les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_\"> </span>p<span class=\"_ _0\"></span>assifs <span class=\"_\"> </span>non <span class=\"_\"> </span>mon\u00e9taires <span class=\"_\"> </span>libell\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>devises <span class=\"_\"> </span>\u00e9tr<span class=\"_ _0\"></span>ang\u00e8res <span class=\"_\"> </span>sont convertis au cours de change historique en vigueur \u00e0 la date de transaction.Les <span class=\"_ _44\"> </span>principaux <span class=\"_\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>cl\u00f4tur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>cours <span class=\"_\"> </span>moyens <span class=\"_ _44\"> </span>retenus <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>indiqu\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>tableau <span class=\"_ _44\"> </span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_\"> </span>(pr<span class=\"_ _0\"></span>\u00e9sentant <span class=\"_\"> </span>une <span class=\"_ _44\"> </span>unit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _44\"> </span>convertie <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>devise \u00e9trang\u00e8re)\ue61f:Taux de cl\u00f4tureTaux moyen\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ff96a fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ff96a fc1\">2021</span>Dollar US (US$)<span class=\"_ _2be\"> </span>1,0666<span class=\"_ _d5\"> </span>1,<span class=\"_ _0\"></span>1326<span class=\"_ _194\"> </span>1,0563<span class=\"_ _9e\"> </span>1,<span class=\"_ _0\"></span>1851\ue61fLe <span class=\"ls0 ws0\">taux moyen est d\u00e9termin\u00e9 en calculant la moyenne des taux de cl\u00f4ture mensuels sur l\u2019<span class=\"_ _1\"></span>ann\u00e9e, sauf si la m\u00e9thode cr\u00e9e des distorsions mat\u00e9rielles.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-36-4": {
   "value": "FilialesT<span class=\"_ _23\"></span>outes <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>contr\u00f4l\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>entit\u00e9s ad <span class=\"_ _37\"> </span>hoc), <span class=\"_ _44\"> </span>c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _3b\"></span>dans <span class=\"_ _44\"> </span>lesquelles <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>d\u00e9cider des politiques <span class=\"_ _3\"></span>financi\u00e8re et op\u00e9rationnelle afin <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>obtenir les <span class=\"_ _3\"></span>b\u00e9n\u00e9fices des activit\u00e9s, <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>filiales <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>sont <span class=\"_ _37\"> </span>int\u00e9gr\u00e9es <span class=\"_ _37\"> </span>globalement. <span class=\"_ _37\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>contr\u00f4le <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sum\u00e9 exister <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe d\u00e9tient <span class=\"_ _3\"></span>directement ou <span class=\"_ _3\"></span>indirectement plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>moiti\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>soci\u00e9t\u00e9 (sont pris <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes <span class=\"_ _61\"> </span>existants <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>votes potentiels <span class=\"_ _60\"> </span>imm\u00e9diatement <span class=\"_ _60\"> </span>exer\u00e7ables <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>convertibles) <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>qu\u2019il <span class=\"_ _60\"> </span>n\u2019y <span class=\"_ _60\"> </span>a aucun <span class=\"_\"> </span>autre <span class=\"_ _44\"> </span>actionnaire <span class=\"_\"> </span>qui <span class=\"_ _47\"> </span>d\u00e9tient <span class=\"_ _47\"> </span>un <span class=\"_ _47\"> </span>droit <span class=\"_ _44\"> </span>significatif <span class=\"_\"> </span>lui <span class=\"_\"> </span>permettant d\u2019<span class=\"_ _0\"></span>exercer <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>v\u00e9to <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>bloquer <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>d\u00e9cisions <span class=\"_\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>politiques financi\u00e8re <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>op\u00e9rationnelle <span class=\"_ _3b\"></span>prises <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _3b\"></span><span class=\"ff96b\">ad <span class=\"_ _37\"></span>hoc<span class=\"_ _3b\"></span></span> qui satisfont <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>crit\u00e8res <span class=\"_ _3\"></span>\u00e9nonc\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>IFRS\ue61f10 <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>consolid\u00e9s <span class=\"_ _3\"></span>par int\u00e9gration <span class=\"_ _46\"> </span>globale, <span class=\"_ _46\"> </span>quelle <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>forme <span class=\"_ _61\"> </span>juridique, <span class=\"_ _46\"> </span>quand <span class=\"_ _61\"> </span>bien m\u00eame le Groupe ne d\u00e9tient aucun titre dans ces entit\u00e9s<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-4": {
   "value": "Entr<span class=\"_ _0\"></span>eprises associ\u00e9esUne <span class=\"_ _37\"> </span>entreprise <span class=\"_ _44\"> </span>associ\u00e9e <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>laquelle <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>exerce une <span class=\"_\"> </span>in\ufb02uence <span class=\"_ _61\"> </span>notable <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>n\u2019est <span class=\"_\"> </span>ni <span class=\"_\"> </span>une <span class=\"_ _46\"> </span>filiale <span class=\"_ _46\"> </span>ni <span class=\"_ _61\"> </span>une <span class=\"_\"> </span>co<span class=\"ff968\">\u2011</span>entreprise. L<span class=\"_ _1\"></span>\u2019in\ufb02uence <span class=\"_ _44\"> </span>notable <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>participer <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9cisions <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux politiques <span class=\"_ _44\"> </span>op\u00e9rationnelle <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>financi\u00e8re <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _44\"> </span>sans <span class=\"_ _44\"> </span>d\u00e9tenir <span class=\"_\"> </span>ni <span class=\"_ _37\"> </span>le contr\u00f4le <span class=\"_ _4c\"> </span>exclusif<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>ni <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>contr\u00f4le <span class=\"_ _4c\"> </span>conjoint <span class=\"_ _4c\"> </span>sur <span class=\"_ _6f\"> </span>ces <span class=\"_ _4c\"> </span>politiques. <span class=\"_ _4c\"> </span>Les participations <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>entreprises <span class=\"_ _3\"></span>associ\u00e9es <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>\u00e9quivalence <span class=\"_ _37\"></span>conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61f11. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2019acquisition <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inclus <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable de la participation.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-5": {
   "value": "Entr<span class=\"_ _0\"></span>eprises associ\u00e9esUne <span class=\"_ _37\"> </span>entreprise <span class=\"_ _44\"> </span>associ\u00e9e <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>laquelle <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>exerce une <span class=\"_\"> </span>in\ufb02uence <span class=\"_ _61\"> </span>notable <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>n\u2019est <span class=\"_\"> </span>ni <span class=\"_\"> </span>une <span class=\"_ _46\"> </span>filiale <span class=\"_ _46\"> </span>ni <span class=\"_ _61\"> </span>une <span class=\"_\"> </span>co<span class=\"ff968\">\u2011</span>entreprise. L<span class=\"_ _1\"></span>\u2019in\ufb02uence <span class=\"_ _44\"> </span>notable <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>pouvoir <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>participer <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9cisions <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux politiques <span class=\"_ _44\"> </span>op\u00e9rationnelle <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>financi\u00e8re <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _44\"> </span>sans <span class=\"_ _44\"> </span>d\u00e9tenir <span class=\"_\"> </span>ni <span class=\"_ _37\"> </span>le contr\u00f4le <span class=\"_ _4c\"> </span>exclusif<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>ni <span class=\"_ _6f\"> </span>le <span class=\"_ _4c\"> </span>contr\u00f4le <span class=\"_ _4c\"> </span>conjoint <span class=\"_ _4c\"> </span>sur <span class=\"_ _6f\"> </span>ces <span class=\"_ _4c\"> </span>politiques. <span class=\"_ _4c\"> </span>Les participations <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>entreprises <span class=\"_ _3\"></span>associ\u00e9es <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>mise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>\u00e9quivalence <span class=\"_ _37\"></span>conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61f11. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2019acquisition <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inclus <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable de la participation.Co<span class=\"ff968 ls0 ws0\">\u2011<span class=\"ff965\">entreprises</span></span>Une <span class=\"_ _3b\"></span>co<span class=\"ff968\">\u2011</span>entreprise <span class=\"_ _3b\"></span>r\u00e9sulte <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>contractuel <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>lequel <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>Groupe et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>partenaires <span class=\"_ _3\"></span>s\u2019entendent <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>mener <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>activit\u00e9 <span class=\"_ _3b\"></span>\u00e9conomique dans <span class=\"_ _47\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>contr\u00f4le <span class=\"_ _47\"> </span>conjoint. <span class=\"_ _44\"> </span>Les <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>telles soci\u00e9t\u00e9s <span class=\"_ _3\"></span>sont comptabilis\u00e9es <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise en <span class=\"_ _3\"></span>\u00e9quivalence conform\u00e9ment \u00e0 la norme IFRS\ue61f11.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-5": {
   "value": "Co<span class=\"ff968 ls0 ws0\">\u2011<span class=\"ff965\">entreprises</span></span>Une <span class=\"_ _3b\"></span>co<span class=\"ff968\">\u2011</span>entreprise <span class=\"_ _3b\"></span>r\u00e9sulte <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>contractuel <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>lequel <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>Groupe et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>partenaires <span class=\"_ _3\"></span>s\u2019entendent <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>mener <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>activit\u00e9 <span class=\"_ _3b\"></span>\u00e9conomique dans <span class=\"_ _47\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>contr\u00f4le <span class=\"_ _47\"> </span>conjoint. <span class=\"_ _44\"> </span>Les <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>telles soci\u00e9t\u00e9s <span class=\"_ _3\"></span>sont comptabilis\u00e9es <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise en <span class=\"_ _3\"></span>\u00e9quivalence conform\u00e9ment \u00e0 la norme IFRS\ue61f11.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-39-2": {
   "value": "Les <span class=\"_ _37\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _37\"> </span>\u00e9tablis <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021 <span class=\"_ _44\"> </span>regroupent <span class=\"_ _3b\"></span>les <span class=\"_ _44\"> </span>comptes <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>contr\u00f4l\u00e9es <span class=\"_ _37\"> </span>exclusivement, <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contr\u00f4le conjoint <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>lesquelles <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>exerce <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>in\ufb02uence <span class=\"_ _3b\"></span>notable. <span class=\"_ _3b\"></span>Leur <span class=\"_ _3b\"></span>r\u00e9partition <span class=\"_ _3b\"></span>g\u00e9ographique <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>principales <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _37\"></span>sont list\u00e9es en note <span class=\"ls2 ws2\">15.</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope(hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2022<span class=\"_ _2d1\"> </span><span class=\"ff96a\">Fr<span class=\"_ _0\"></span>ance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff96a\">Etats<span class=\"ff968\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff968\">\u2011<span class=\"ff96c\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff969 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _2d2\"> </span>9<span class=\"_ _d7\"> </span>22<span class=\"_ _1b4\"> </span>11<span class=\"_ _9e\"> </span>9<span class=\"_ _191\"> </span>14<span class=\"_ _58\"> </span>65Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _295\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _9a\"> </span>4TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">11<span class=\"_ _58\"> </span>22<span class=\"_ _194\"> </span>12<span class=\"_ _9e\"> </span>9<span class=\"_ _d7\"> </span>15<span class=\"_ _1da\"> </span>69</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope (hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2021<span class=\"_ _148\"> </span><span class=\"ff972\">F<span class=\"_ _0\"></span>rance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff972\">Etats<span class=\"ff973\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff973\">\u2011<span class=\"ff971\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff974 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _182\"> </span>17<span class=\"_ _58\"> </span>30<span class=\"_ _185\"> </span>13<span class=\"_ _1b4\"> </span>11<span class=\"_ _194\"> </span>18<span class=\"_ _186\"> </span>89Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _2d3\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _97\"> </span>3TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _143\"> </span><span class=\"ls0 ws0\">18<span class=\"_ _aa\"> </span><span class=\"ff971\">30<span class=\"_ _d7\"> </span></span>14<span class=\"_ _185\"> </span>11<span class=\"_ _d7\"> </span>19<span class=\"_ _58\"> </span><span class=\"ff971\">92</span></span>2.2<span class=\"_ _2c\"> </span>Changements dans le p\u00e9rim\u00e8tre de consolidation en 20222.2.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de MarquesLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">31\ue61emai <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>conclu <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>vente de <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>activit\u00e9 <span class=\"_ _3\"></span>Licences <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>Marques<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>op\u00e9ration permet <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>poursuivre la <span class=\"_ _3\"></span>simplification <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sa </span>structure<span class=\"_ _0\"></span>, avec la cession d\u2019actifs non str<span class=\"_ _0\"></span>at\u00e9giques et d\u2019<span class=\"_ _0\"></span>accro\u00eetre sa \ufb02exibilit\u00e9 financi\u00e8re.La <span class=\"_ _3\"></span>contrepartie <span class=\"_ _3b\"></span>re\u00e7ue <span class=\"_ _3\"></span>s\u2019\u00e9l\u00e8v<span class=\"_ _0\"></span>e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>99<span class=\"_ _0\"></span>,3\ue61emillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>engendr\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>plus<span class=\"ff973\">\u2011</span>value <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>57\ue61emillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>enregistr\u00e9e <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>op\u00e9rations <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>en cours de cession.Le <span class=\"ls0 ws0\">d\u00e9tail de cette op\u00e9ration est pr\u00e9sent\u00e9 dans le tableau ci<span class=\"ff973\">\u2011</span>dessous\ue61e:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue662Prix de vente<span class=\"_ _2d4\"> </span>99Ajustement de prix<span class=\"_ _2d5\"> </span>(7)Marques<span class=\"_ _2d6\"> </span>(33)Autres actifs et passifs nets<span class=\"_ _1be\"> </span>(2)Fr<span class=\"_ _0\"></span>ais de trasaction<span class=\"_ _2d7\"> </span>(1)GAIN SUR LA CESSION DE L<span class=\"_ _f\"></span>\u2019<span class=\"_ _1\"></span>ACTIVIT\u00c9 LICENCES DE MAR<span class=\"_ _0\"></span>QUES<span class=\"_ _121\"> </span>57\ue61e2.2.2<span class=\"_ _bc\"> </span>T<span class=\"_ _45\"></span>echnicolor Creative StudiosT<span class=\"_ _23\"></span>raitement comptable de la D<span class=\"_ _0\"></span>istribution et du refinancementDistribution en natur<span class=\"_ _0\"></span>eConform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _37\"> </span>IFRS\ue61e10, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>perte <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>contr\u00f4le <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>sous<span class=\"ff973\">\u2011</span>groupe TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"> </span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>consolid\u00e9. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En <span class=\"_ _37\"> </span></span>outre, IFRIC\ue61e17 <span class=\"_ _3\"></span>exige que <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>passif <span class=\"_ _3\"></span>li\u00e9 <span class=\"_ _3\"></span>au paiement <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>dividende <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>\u00e9valu\u00e9 \u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>distribuer <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>que, lorsque <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>dividende <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>r\u00e9gl\u00e9, la di\ue61c\u00e9rence <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>comptable <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>distribu\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>dividende <span class=\"_ _3b\"></span>\u00e0 payer soit comptabilis\u00e9e dans le compte de r\u00e9sultat.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _37\"> </span>IFRS\ue61e13, <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>a \u00e9t\u00e9 <span class=\"_ _44\"> </span>\u00e9valu\u00e9e <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>1,85\ue61eeuro <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>29\ue61eseptembre 2022, date de livraison des actions aux actionnaires<span class=\"_ _0\"></span>.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">27\ue61eseptembre <span class=\"_ _44\"> </span>2022, <span class=\"_\"> </span>pour <span class=\"_\"> </span>donner <span class=\"_ _44\"> </span>suite <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>distribution <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>65\ue61e% <span class=\"_\"> </span>des </span>actions T<span class=\"_ _0\"></span>CS\ue61e:\u2022V<span class=\"_ _1\"></span>antiva a d\u00e9consolid\u00e9 100\ue61e% des actifs nets\ue61e;V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>comptabilis\u00e9 <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>participation <span class=\"_ _37\"> </span>conser<span class=\"_ _3\"></span>v\u00e9e <span class=\"_ _37\"></span>de \u202235\ue61e% comme participation mise en \u00e9quivalence\ue61e;\u2022en <span class=\"_ _61\"> </span>contrepartie <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>a <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>dans <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>compte <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat consolid\u00e9 <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>\u00ab\ue61eR\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours de <span class=\"_\"> </span>cession\ue61e\u00bb <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>plus<span class=\"ff973\">\u2011</span>value <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>distribution <span class=\"_ _44\"> </span>(y <span class=\"_\"> </span>compris <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>frais <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>le recyclage de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conversion) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>r\u00e9\u00e9valuation \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de sa <span class=\"_ _60\"> </span>participation <span class=\"_ _64\"> </span>restante <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>35\ue61e% <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _60\"> </span></span>pour <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>montant <span class=\"_ _64\"> </span>de 633\ue61emillions d\u2019<span class=\"_ _0\"></span>euros.Gain sur la Distribution et l'\u00e9v<span class=\"_ _0\"></span>aluation initiale de la participation restanteLe <span class=\"ls0 ws0\">tableau ci<span class=\"ff97d\">\u2011</span>dessous donne le d\u00e9tail de la transaction\ue61f:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue662(1)Juste valeur T<span class=\"_ _1\"></span>C<span class=\"_ _3\"></span>S\ue61f<span class=\"_ _2d8\"> </span>1\ue61f013Actif et passif net<span class=\"_ _2d9\"> </span>(25)Reclassement de CT<span class=\"_ _1\"></span>A cumul\u00e9 (Ajustement de change)<span class=\"_ _298\"> </span>(310)Co\u00fbts de transaction<span class=\"_ _2da\"> </span>(45)GAIN SUR LA D\u00c9C<span class=\"_ _0\"></span>ONSOLID<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION DE L'ACTIVIT\u00c9 TE<span class=\"_ _0\"></span>CHNICOL<span class=\"_ _0\"></span>OR CREA<span class=\"_ _0\"></span>TIVE STUDIOS<span class=\"_ _2db\"> </span>633(1) La juste de valeur de <span class=\"ls99 ws99\">TCS<span class=\"_ _3\"></span> </span>inclut l\u2019<span class=\"_ _0\"></span>\u00e9valuation des 65\ue61f% distribu\u00e9s <span class=\"ls5e ws5e\">et </span>35\ue61f% li\u00e9 \u00e0 la r\u00e9\u00e9v<span class=\"_ _0\"></span>aluation initiale de la participation mise en \u00e9quivalence suite \u00e0 la perte de contr\u00f4le<span class=\"_ _0\"></span>.RefinancementLes <span class=\"_ _3b\"></span>obligations <span class=\"_ _37\"> </span>convertibles <span class=\"_ _37\"></span>(MCN) <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>int\u00e9gralement <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _37\"> </span>en capitaux pr<span class=\"_ _0\"></span>opres, les <span class=\"_ _0\"></span>conditions n\u00e9cessaires <span class=\"_ _0\"></span>\u00e0 la <span class=\"_ _0\"></span>conversion \u00e9tant <span class=\"_ _0\"></span>remplies lors <span class=\"_ _0\"></span>de son <span class=\"_ _37\"> </span>\u00e9mission <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>15\ue61fseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>obligations <span class=\"_ _37\"> </span>ayant <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>converties <span class=\"_ _44\"> </span>le 22\ue61fseptembre <span class=\"_ _0\"></span>2022.La <span class=\"_\"> </span>totalit\u00e9 <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>dette <span class=\"_\"> </span>issue <span class=\"_\"> </span>du <span class=\"_\"> </span>plan <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>sauvegarde <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>r<span class=\"_ _0\"></span>efinanc\u00e9e <span class=\"_\"> </span>et <span class=\"_\"> </span>la di\ue61d\u00e9rence <span class=\"_ _37\"></span>entre <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_ _37\"></span>nominal <span class=\"_ _37\"> </span>rembours\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>comptable <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la dette <span class=\"_ _3b\"></span>(63\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>financi\u00e8res, <span class=\"_ _3b\"></span>puisque les <span class=\"_\"> </span>conditions <span class=\"_\"> </span>du <span class=\"_\"> </span>nouveau <span class=\"_\"> </span>financement <span class=\"_\"> </span>correspondaient <span class=\"_\"> </span>bien <span class=\"_\"> </span>au <span class=\"_\"> </span>crit\u00e8re <span class=\"_\"> </span>de modification substantielle <span class=\"_ _0\"></span>(di\ue61d\u00e9rents <span class=\"_ _0\"></span>pr\u00eateurs, devises<span class=\"_ _0\"></span>, maturit\u00e9s<span class=\"_ _0\"></span>,\u2026).Les <span class=\"_ _0\"></span>nouveaux instruments <span class=\"_ _0\"></span>de dette sont <span class=\"_ _0\"></span>pr\u00e9sent\u00e9s <span class=\"_ _0\"></span>dans la note <span class=\"_ _0\"></span>8.La comptabilisation de 35\ue61f% de T<span class=\"_ _0\"></span>CS restanteComme <span class=\"_ _0\"></span>indiqu\u00e9 dans la <span class=\"_ _0\"></span>note 8, la <span class=\"_ _0\"></span>participation restante <span class=\"_ _0\"></span>de 35\ue61f% dans <span class=\"_ _0\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"ls3 ws3\">a \u00e9t\u00e9 </span></span>plac\u00e9e dans <span class=\"_ _0\"></span>la fiducie<span class=\"ff97d ls0 ws0\">\u2011</span>s\u00fbret\u00e9 <span class=\"_ _0\"></span>en tant que <span class=\"_ _0\"></span>garantie pour <span class=\"_ _0\"></span>les nouveaux <span class=\"_ _0\"></span>instruments de <span class=\"_ _3\"></span>dette. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>fiducie <span class=\"_ _3b\"></span>conf\u00e8re <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>repr\u00e9sentant <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pr\u00eateurs <span class=\"_ _3\"></span>tous <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>de vote <span class=\"_\"> </span>relatifs <span class=\"_ _46\"> </span>aux <span class=\"_ _61\"> </span>op\u00e9rations <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>les <span class=\"_\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>de <span class=\"_ _46\"> </span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span></span>tels <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>les dividendes, <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_ _37\"> </span>la <span class=\"_ _47\"> </span>fusion, <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>dissolution <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>l\u2019augmentation <span class=\"_ _37\"> </span>de <span class=\"_ _47\"> </span>capital. <span class=\"_ _44\"> </span><span class=\"ls60 ws60\">En </span>outre<span class=\"_ _0\"></span>, \u00e0 la suite de <span class=\"_ _0\"></span>la Distribution, V<span class=\"_ _f\"></span>antiva n\u2019<span class=\"_ _1\"></span>a conserv\u00e9 aucune repr<span class=\"_ _0\"></span>\u00e9sentation au sein du <span class=\"_ _0\"></span>Conseil d\u2019<span class=\"_ _1\"></span>administration.Cependant, <span class=\"_\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conserve <span class=\"_\"> </span>son <span class=\"_ _61\"> </span>pouvoir <span class=\"_\"> </span>de <span class=\"_\"> </span>demander <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>nomination <span class=\"_ _46\"> </span>de membres du Conseil d\u2019<span class=\"_ _1\"></span>administration lors de la future assembl\u00e9e g\u00e9n\u00e9rale et de vote <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_\"> </span>d\u00e9cisions<span class=\"_ _0\"></span>, <span class=\"_\"> </span>et <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>deux <span class=\"_\"> </span>groupes <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>li\u00e9s <span class=\"_\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_\"> </span>un <span class=\"_\"> </span>accor<span class=\"_ _0\"></span>d <span class=\"_\"> </span>de services <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>transition. <span class=\"_ _37\"></span>Par <span class=\"_ _3b\"></span>cons\u00e9quent, <span class=\"_ _3b\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>est <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>entreprise <span class=\"_ _37\"></span>associ\u00e9e <span class=\"_ _37\"></span>selon l\u2019IAS\ue61f28 et <span class=\"_ _0\"></span>a \u00e9t\u00e9 <span class=\"_ _0\"></span>comptabilis\u00e9e selon <span class=\"_ _0\"></span>la m\u00e9thode de <span class=\"_ _0\"></span>la mise <span class=\"_ _0\"></span>en \u00e9quivalence<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>avertissement sur les b\u00e9n\u00e9fices <span class=\"_ _0\"></span>et les di\ue61ccult\u00e9s annonc\u00e9es <span class=\"_ _0\"></span>par le Groupe <span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>constituent <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>indicateur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>perte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>a <span class=\"_ _3\"></span>\u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9 conform\u00e9ment \u00e0 l\u2019IAS\ue61f36. <span class=\"ls6a ws6a\">Le </span>Groupe a <span class=\"_ _3\"></span>retenu la juste valeur nominale diminu\u00e9e <span class=\"_\"> </span>des <span class=\"_\"> </span>co\u00fbts <span class=\"_\"> </span>de <span class=\"_\"> </span>vente, <span class=\"_\"> </span>estim\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>Bourse <span class=\"_\"> </span>de <span class=\"_\"> </span>fin <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>ann\u00e9e comme v<span class=\"_ _0\"></span>aleur recouvrable<span class=\"_ _0\"></span>.\u00ab\ue61fT<span class=\"_ _23\"></span>ransition Services Agreement\ue61f\u00bb (<span class=\"_ _3\"></span>TS<span class=\"_ _0\"></span>A)Selon <span class=\"_\"> </span>cet <span class=\"_ _61\"> </span>accord <span class=\"_\"> </span>conclu <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>but <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>finaliser <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>s\u00e9paration, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe continue <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>supporter <span class=\"_ _37\"> </span>certains <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _44\"> </span>ce <span class=\"_ _37\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>syst\u00e8mes informatiques et structures administratives n\u00e9cessaires soient mises <span class=\"_ _3\"></span>en place. <span class=\"ls60 ws60\">En </span>cons\u00e9quence <span class=\"_ _3\"></span>10\ue61fmillions <span class=\"_ _3\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>refactur\u00e9s <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>en <span class=\"_ _3b\"></span>2022 au <span class=\"_ _44\"> </span>titre <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>ces <span class=\"_ _44\"> </span>prestations <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _47\"> </span>dans la <span class=\"_ _44\"> </span>ligne <span class=\"_ _47\"> </span>\u00ab\ue61fAutres <span class=\"_ _44\"> </span>produits d\u2019<span class=\"_ _0\"></span>exploitation\ue61f\u00bb du <span class=\"_ _0\"></span>compte de <span class=\"_ _0\"></span>r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Le <span class=\"ls3 ws3\">Groupe <span class=\"_ _0\"></span>s\u2019<span class=\"_ _0\"></span>est engag\u00e9 par <span class=\"_ _0\"></span>ailleurs \u00e0 <span class=\"_ _0\"></span>porter 50\ue61f% des <span class=\"_ _0\"></span>co\u00fbts n\u00e9cessaires <span class=\"_ _0\"></span>\u00e0 la mise </span>en <span class=\"_ _3b\"></span>place <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>fonctions <span class=\"_ _3b\"></span>administratives <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>informatiques <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span><span class=\"ls61 ws61\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>si <span class=\"_ _3b\"></span>celles<span class=\"ff97d ls0 ws0\">\u2011</span>ci <span class=\"_ _37\"></span>se faisait <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>dispositions <span class=\"_ _3b\"></span>mutuellement <span class=\"_ _3\"></span>agr\u00e9\u00e9es. <span class=\"_ _3\"></span>Comme <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>ne <span class=\"_ _3b\"></span>trouve aucun <span class=\"_ _64\"> </span>avantage <span class=\"_ _60\"> </span>\u00e9conomique <span class=\"_ _64\"> </span>futur <span class=\"_ _64\"> </span>autre <span class=\"_ _64\"> </span>que <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>bonne <span class=\"_ _64\"> </span>r\u00e9alisation <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la Distribution, <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>provision <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>6\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>comme composante de <span class=\"_ _0\"></span>la plus<span class=\"ff97d ls0 ws0\">\u2011</span>value <span class=\"_ _0\"></span>de D<span class=\"_ _0\"></span>istribution.2.3<span class=\"_ _2c\"> </span>Changements dans le p\u00e9rim\u00e8tre de consolidation en 2021Le <span class=\"_\"> </span><span class=\"ls3 ws3\">30\ue61favril <span class=\"_\"> </span>2021, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>conclu <span class=\"_\"> </span>la <span class=\"_\"> </span>vente <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>Streamland <span class=\"_\"> </span>Media <span class=\"_\"> </span>de <span class=\"_\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>P<span class=\"_ _0\"></span>ost<span class=\"ff97d ls0 ws0\">\u2011</span>Production, <span class=\"_\"> </span>incluse <span class=\"_\"> </span>dans <span class=\"_\"> </span>le <span class=\"_\"> </span>segment <span class=\"_\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creativ<span class=\"_ _0\"></span>e <span class=\"_\"> </span>Studios </span>(anciennement Services <span class=\"_ _3\"></span>de Production). La <span class=\"_ _3\"></span>vente de Post<span class=\"ff97d ls0 ws0\">\u2011</span>Pr<span class=\"_ _0\"></span>oduction <span class=\"_ _3\"></span>simplifie le <span class=\"_ _3\"></span>portefeuille d\u2019<span class=\"_ _0\"></span>activit\u00e9s <span class=\"_ _3\"></span>de T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3\"></span>Creative Studios et <span class=\"_ _3\"></span>permet \u00e0 <span class=\"_ _3\"></span>sa Direction de concentrer <span class=\"_ _0\"></span>ses e\ue61dorts sur <span class=\"_ _0\"></span>son c\u0153ur <span class=\"_ _0\"></span>de m\u00e9tier <span class=\"_ _0\"></span>en e\ue61dets <span class=\"_ _0\"></span>visuels.La <span class=\"_ _3\"></span>contrepartie <span class=\"_ _3\"></span>re\u00e7ue s\u2019\u00e9l\u00e8ve \u00e0 <span class=\"_ _3\"></span>29\ue61fmillions <span class=\"_ _3\"></span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>engendr\u00e9 <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>plus<span class=\"ff97d ls0 ws0\">\u2011</span>value <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>8\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>enregistr\u00e9e <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ligne\ue61f\u00ab\ue61fR\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s arr\u00eat\u00e9es <span class=\"_ _0\"></span>ou en cours <span class=\"_ _0\"></span>de cession\ue61f\u00bb <span class=\"_ _0\"></span>du compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9.Note 15<span class=\"_ _52\"> </span>Liste des principales entit\u00e9s consolid\u00e9es\ue61fSont list\u00e9es ci<span class=\"ffbad\">\u2011</span>apr\u00e8s les principales entit\u00e9s consolid\u00e9es\ue61f:Maison Connect\u00e9e<span class=\"_ _36a\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Beijing T<span class=\"_ _23\"></span>echnicolor Management Co<span class=\"_ _0\"></span>., Ltd.\ue61f(Chine)<span class=\"_ _2a7\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Limited (Hong Kong)<span class=\"_ _324\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Brasil\ue61fMidia\ue61fe\ue61fEntretenimento\ue61fL<span class=\"_ _0\"></span>tda. (Br\u00e9sil)<span class=\"_ _230\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome Mexico S<span class=\"_ _0\"></span>.A. De C.<span class=\"_ _f\"></span>V<span class=\"_ _1\"></span>. (Mexique)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Connected Home India P<span class=\"_ _0\"></span>rivate Limited (Inde)<span class=\"_ _306\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(2)T<span class=\"_ _23\"></span>echnicolor Connected Home Rennes SNC (F<span class=\"_ _0\"></span>rance)\ue61f<span class=\"_ _357\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome USA LL<span class=\"_ _0\"></span>C (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _29e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies (France)<span class=\"_ _2c4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Australia Pty Ltd (Australie)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Belgium (Belgique)<span class=\"_ _284\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc. (Canada)<span class=\"_ _df\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Japan K.K. (Japon)<span class=\"_ _2b1\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fKorea\ue61fY<span class=\"_ _23\"></span>uhan\ue61fHoesa\ue61f(R\u00e9publique de Cor\u00e9e)<span class=\"_ _36b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _36c\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Creative Studios (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _36d\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e7\"> </span></span>100,0T<span class=\"_ _23\"></span>ech 7 (France)<span class=\"_ _216\"> </span>0,0<span class=\"_ _e7\"> </span>100,0Mikros\ue61fImage\ue61fBelgium\ue61f(Belgique)<span class=\"_ _25b\"> </span>0,0<span class=\"_ _fe\"> </span>100,0Mikros\ue61fImage\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _36e\"> </span>0,0<span class=\"_ _e7\"> </span>100,0MPC (Shanghai) Digital\ue61fT<span class=\"_ _23\"></span>echnology\ue61fCo<span class=\"_ _0\"></span>., Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2f8\"> </span>0,0<span class=\"_ _b0\"> </span>89<span class=\"_ _0\"></span>,8T<span class=\"_ _23\"></span>echnicolor Animation Productions\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _255\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Canada,\ue61fInc\ue61f(<span class=\"_ _0\"></span>Canada)<span class=\"_ _2bc\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Services USA,\ue61fInc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _12a\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Limited (Royaume<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>ni)<span class=\"_ _209\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fIndia\ue61fPrivate Limited (I<span class=\"_ _0\"></span>nde)<span class=\"_ _36f\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios Australia\ue61fPty Limited (Australie)<span class=\"_ _26d\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill (F<span class=\"_ _0\"></span>acility) Limited (\u00c9tats<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>nis)<span class=\"_ _303\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Berlin GmbH (Allemagne)<span class=\"_ _370\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Group Inc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _371\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios UK Limited (Royaume<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Uni)<span class=\"_ _2b7\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>Thomson Multimedia Distribution (N<span class=\"_ _0\"></span>etherlands) BV (Pays<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Bas)<span class=\"_ _ec\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>T<span class=\"_ _f\"></span>race VFX Solutions I<span class=\"_ _0\"></span>ndia Private Limited (Inde)<span class=\"_ _121\"> </span>0,0<span class=\"_ _e7\"> </span>100,0% d\u2019int\u00e9r\u00eat d\u00e9tenu par Vantiva(% arrondi \u00e0 la premi\u00e8re d\u00e9cimale)SOCI\u00c9T\u00c9S \u2013 (P<span class=\"_ _0\"></span>ays)2022<span class=\"_ _e5\"> </span><span class=\"ffbb6 fc1\">2021</span>SCS<span class=\"_ _31d\"> </span><span class=\"ffbb8 ls0 ws0\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Disc Services International Limited (Roy<span class=\"_ _0\"></span>aume<span class=\"ffbba\">\u2011</span>Uni)<span class=\"_ _368\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution Services Fr<span class=\"_ _0\"></span>ance (France)<span class=\"_ _12d\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution\ue61fAustralia\ue61fPty Limited (Austr<span class=\"_ _0\"></span>alie)<span class=\"_ _4b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Global\ue61fLogistics<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis) <span class=\"_ _12b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services Canada UL<span class=\"_ _0\"></span>C (<span class=\"_ _0\"></span>Canada)<span class=\"_ _372\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services de Mexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _373\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Supply Chain Solutions, I<span class=\"_ _0\"></span>nc.\ue61f(\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _2b8\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Nashville<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _29f\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Mexicana, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _24e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Milan\ue61fSRL\ue61f(Italie)<span class=\"_ _23b\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Polska\ue61fSp<span class=\"_ _0\"></span>.Z.<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>O<span class=\"ffbba\">\u202f</span>(P<span class=\"_ _0\"></span>ologne)<span class=\"_ _2cf\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fExport\ue61fde\ue61fMexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _164\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fPty Limited (Australie)<span class=\"_ _1bc\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Memphis<span class=\"_ _0\"></span>, Inc. (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)\ue61f<span class=\"_ _2ba\"> </span>100,0<span class=\"_ _fe\"> </span>100,0</span>Corporat<span class=\"_ _0\"></span>e &amp; Autres<span class=\"_ _374\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Deutsche Thomson OHG (<span class=\"_ _0\"></span>Allemagne)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Gallo 8 (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _20e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0RCA T<span class=\"_ _23\"></span>rademark Management (France)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Soci\u00e9t\u00e9\ue61fFr<span class=\"_ _0\"></span>an\u00e7aise d\u2019Investissement et\ue61fd\u2019<span class=\"_ _f\"></span>Arbitrage Sofia\ue61f(Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _276\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 6 (France)<span class=\"_ _375\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 9 SAS (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _2fe\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Pacific Holdings Pte<span class=\"_ _0\"></span>.\ue61fLtd (Singapour)<span class=\"_ _13c\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>rademark Management (F<span class=\"_ _0\"></span>rance)<span class=\"_ _11a\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>reasury USA LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)<span class=\"_ _166\"> </span>100,0<span class=\"_ _f8\"> </span>100,0</span>T<span class=\"_ _23\"></span>echnicolor USA Inc (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbba\">\u2011</span>Unis)<span class=\"_ _15b\"> </span>100,0<span class=\"_ _f8\"> </span>100,0Consolid\u00e9es par mise en \u00e9quiv<span class=\"_ _0\"></span>alence<span class=\"_ _15b\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>3DCD LL<span class=\"_ _0\"></span>C (\u00c9tats\u2011<span class=\"_ _0\"></span><span class=\"ffbb9\">Unis)<span class=\"_ _1df\"> </span>50,0<span class=\"_ _7\"> </span>50,0</span>T<span class=\"_ _23\"></span>echfund\ue61fCapital Europe\ue61fFCPR\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _2ec\"> </span>19<span class=\"_ _0\"></span>,8<span class=\"_ _ed\"> </span>19,8T<span class=\"_ _23\"></span>echnicolor SFG T<span class=\"_ _f\"></span>echnology Co<span class=\"_ _0\"></span>. Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2ae\"> </span>49<span class=\"_ _0\"></span>,0<span class=\"_ _12c\"> </span>49<span class=\"_ _0\"></span>,0T<span class=\"_ _23\"></span>echnicolor Creative Studios\ue61f<span class=\"_ _298\"> </span>35,0<span class=\"_ _e5\"> </span><span class=\"ls56 ws56\">N/A</span>(1) Changement de noms de T<span class=\"_ _f\"></span>echnicolor \u00e0 V<span class=\"_ _1\"></span>antiva apr\u00e8s la D<span class=\"_ _0\"></span>istribution.(2) Fusionn\u00e9 avec T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _f\"></span>echnologies.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-39-3": {
   "value": "Les <span class=\"_ _37\"> </span>comptes <span class=\"_ _44\"> </span>consolid\u00e9s <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _37\"> </span>\u00e9tablis <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021 <span class=\"_ _44\"> </span>regroupent <span class=\"_ _3b\"></span>les <span class=\"_ _44\"> </span>comptes <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>contr\u00f4l\u00e9es <span class=\"_ _37\"> </span>exclusivement, <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contr\u00f4le conjoint <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>lesquelles <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>exerce <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>in\ufb02uence <span class=\"_ _3b\"></span>notable. <span class=\"_ _3b\"></span>Leur <span class=\"_ _3b\"></span>r\u00e9partition <span class=\"_ _3b\"></span>g\u00e9ographique <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>ci<span class=\"ff968\">\u2011</span>dessous <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>principales <span class=\"_ _3b\"></span>entit\u00e9s <span class=\"_ _37\"></span>sont list\u00e9es en note <span class=\"ls2 ws2\">15.</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope(hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2022<span class=\"_ _2d1\"> </span><span class=\"ff96a\">Fr<span class=\"_ _0\"></span>ance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff96a\">Etats<span class=\"ff968\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff968\">\u2011<span class=\"ff96c\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff969 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _2d2\"> </span>9<span class=\"_ _d7\"> </span>22<span class=\"_ _1b4\"> </span>11<span class=\"_ _9e\"> </span>9<span class=\"_ _191\"> </span>14<span class=\"_ _58\"> </span>65Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _295\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _9a\"> </span>4TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _26d\"> </span><span class=\"ls0 ws0\">11<span class=\"_ _58\"> </span>22<span class=\"_ _194\"> </span>12<span class=\"_ _9e\"> </span>9<span class=\"_ _d7\"> </span>15<span class=\"_ _1da\"> </span>69</span>Am\u00e9rique Eur<span class=\"_ _0\"></span>ope (hors \ue662Asie &amp; Nombre de soci\u00e9t\u00e9s au 31\ue662d\u00e9cembre 2021<span class=\"_ _148\"> </span><span class=\"ff972\">F<span class=\"_ _0\"></span>rance</span>(hors\ue662Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _1d0\"> </span><span class=\"ff972\">Etats<span class=\"ff973\">\u2011</span>U<span class=\"_ _0\"></span>nis</span>Etats<span class=\"ff973\">\u2011<span class=\"ff971\">U<span class=\"_ _0\"></span>nis)</span></span>Oc\u00e9anie<span class=\"_ _18c\"> </span><span class=\"ff974 fcc\">Total</span>Soci\u00e9t\u00e9 m\u00e8re et filiales consolid\u00e9es<span class=\"_ _182\"> </span>17<span class=\"_ _58\"> </span>30<span class=\"_ _185\"> </span>13<span class=\"_ _1b4\"> </span>11<span class=\"_ _194\"> </span>18<span class=\"_ _186\"> </span>89Soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _2d3\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>1<span class=\"_ _97\"> </span>3TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _143\"> </span><span class=\"ls0 ws0\">18<span class=\"_ _aa\"> </span><span class=\"ff971\">30<span class=\"_ _d7\"> </span></span>14<span class=\"_ _185\"> </span>11<span class=\"_ _d7\"> </span>19<span class=\"_ _58\"> </span><span class=\"ff971\">92</span></span>Note 15<span class=\"_ _52\"> </span>Liste des principales entit\u00e9s consolid\u00e9es\ue61fSont list\u00e9es ci<span class=\"ffbad\">\u2011</span>apr\u00e8s les principales entit\u00e9s consolid\u00e9es\ue61f:Maison Connect\u00e9e<span class=\"_ _36a\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Beijing T<span class=\"_ _23\"></span>echnicolor Management Co<span class=\"_ _0\"></span>., Ltd.\ue61f(Chine)<span class=\"_ _2a7\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Limited (Hong Kong)<span class=\"_ _324\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Brasil\ue61fMidia\ue61fe\ue61fEntretenimento\ue61fL<span class=\"_ _0\"></span>tda. (Br\u00e9sil)<span class=\"_ _230\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome Mexico S<span class=\"_ _0\"></span>.A. De C.<span class=\"_ _f\"></span>V<span class=\"_ _1\"></span>. (Mexique)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Connected Home India P<span class=\"_ _0\"></span>rivate Limited (Inde)<span class=\"_ _306\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(2)T<span class=\"_ _23\"></span>echnicolor Connected Home Rennes SNC (F<span class=\"_ _0\"></span>rance)\ue61f<span class=\"_ _357\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fConnected\ue61fHome USA LL<span class=\"_ _0\"></span>C (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _29e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies (France)<span class=\"_ _2c4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Australia Pty Ltd (Australie)<span class=\"_ _22e\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Belgium (Belgique)<span class=\"_ _284\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc. (Canada)<span class=\"_ _df\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Japan K.K. (Japon)<span class=\"_ _2b1\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fKorea\ue61fY<span class=\"_ _23\"></span>uhan\ue61fHoesa\ue61f(R\u00e9publique de Cor\u00e9e)<span class=\"_ _36b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _36c\"> </span><span class=\"ffbb1\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Creative Studios (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _36d\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e7\"> </span></span>100,0T<span class=\"_ _23\"></span>ech 7 (France)<span class=\"_ _216\"> </span>0,0<span class=\"_ _e7\"> </span>100,0Mikros\ue61fImage\ue61fBelgium\ue61f(Belgique)<span class=\"_ _25b\"> </span>0,0<span class=\"_ _fe\"> </span>100,0Mikros\ue61fImage\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _36e\"> </span>0,0<span class=\"_ _e7\"> </span>100,0MPC (Shanghai) Digital\ue61fT<span class=\"_ _23\"></span>echnology\ue61fCo<span class=\"_ _0\"></span>., Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2f8\"> </span>0,0<span class=\"_ _b0\"> </span>89<span class=\"_ _0\"></span>,8T<span class=\"_ _23\"></span>echnicolor Animation Productions\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _255\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Canada,\ue61fInc\ue61f(<span class=\"_ _0\"></span>Canada)<span class=\"_ _2bc\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Services USA,\ue61fInc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _12a\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Limited (Royaume<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>ni)<span class=\"_ _209\"> </span>0,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fIndia\ue61fPrivate Limited (I<span class=\"_ _0\"></span>nde)<span class=\"_ _36f\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios Australia\ue61fPty Limited (Australie)<span class=\"_ _26d\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill (F<span class=\"_ _0\"></span>acility) Limited (\u00c9tats<span class=\"ffbad\">\u2011</span>U<span class=\"_ _0\"></span>nis)<span class=\"_ _303\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Berlin GmbH (Allemagne)<span class=\"_ _370\"> </span>0,0<span class=\"_ _e7\"> </span>100,0The Mill Group Inc.\ue61f(\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbad\">\u2011</span>Unis)<span class=\"_ _371\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Creative Studios UK Limited (Royaume<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Uni)<span class=\"_ _2b7\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>Thomson Multimedia Distribution (N<span class=\"_ _0\"></span>etherlands) BV (Pays<span class=\"_ _0\"></span>\u2011<span class=\"ffbae\">Bas)<span class=\"_ _ec\"> </span>0,0<span class=\"_ _e7\"> </span>100,0</span>T<span class=\"_ _f\"></span>race VFX Solutions I<span class=\"_ _0\"></span>ndia Private Limited (Inde)<span class=\"_ _121\"> </span>0,0<span class=\"_ _e7\"> </span>100,0% d\u2019int\u00e9r\u00eat d\u00e9tenu par Vantiva(% arrondi \u00e0 la premi\u00e8re d\u00e9cimale)SOCI\u00c9T\u00c9S \u2013 (P<span class=\"_ _0\"></span>ays)2022<span class=\"_ _e5\"> </span><span class=\"ffbb6 fc1\">2021</span>SCS<span class=\"_ _31d\"> </span><span class=\"ffbb8 ls0 ws0\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>T<span class=\"_ _23\"></span>echnicolor Disc Services International Limited (Roy<span class=\"_ _0\"></span>aume<span class=\"ffbba\">\u2011</span>Uni)<span class=\"_ _368\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution Services Fr<span class=\"_ _0\"></span>ance (France)<span class=\"_ _12d\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Distribution\ue61fAustralia\ue61fPty Limited (Austr<span class=\"_ _0\"></span>alie)<span class=\"_ _4b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Global\ue61fLogistics<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis) <span class=\"_ _12b\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services Canada UL<span class=\"_ _0\"></span>C (<span class=\"_ _0\"></span>Canada)<span class=\"_ _372\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Home Entertainment Services de Mexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _373\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva Supply Chain Solutions, I<span class=\"_ _0\"></span>nc.\ue61f(\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _2b8\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Nashville<span class=\"_ _0\"></span>, LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"ffbba\">\u2011</span>U<span class=\"_ _0\"></span>nis)\ue61f<span class=\"_ _29f\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Mexicana, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _24e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Milan\ue61fSRL\ue61f(Italie)<span class=\"_ _23b\"> </span>100,0<span class=\"_ _fe\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Polska\ue61fSp<span class=\"_ _0\"></span>.Z.<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>O<span class=\"ffbba\">\u202f</span>(P<span class=\"_ _0\"></span>ologne)<span class=\"_ _2cf\"> </span>100,0<span class=\"_ _f8\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fExport\ue61fde\ue61fMexico<span class=\"_ _0\"></span>, S. de R.L. de C.<span class=\"_ _f\"></span>V<span class=\"_ _f\"></span>. (Mexique)<span class=\"_ _164\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor\ue61fPty Limited (Australie)<span class=\"_ _1bc\"> </span>100,0<span class=\"_ _e7\"> </span>100,0(1)V<span class=\"_ _1\"></span>antiva SCS Memphis<span class=\"_ _0\"></span>, Inc. (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)\ue61f<span class=\"_ _2ba\"> </span>100,0<span class=\"_ _fe\"> </span>100,0</span>Corporat<span class=\"_ _0\"></span>e &amp; Autres<span class=\"_ _374\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Deutsche Thomson OHG (<span class=\"_ _0\"></span>Allemagne)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Gallo 8 (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _20e\"> </span>100,0<span class=\"_ _e7\"> </span>100,0RCA T<span class=\"_ _23\"></span>rademark Management (France)<span class=\"_ _2b4\"> </span>100,0<span class=\"_ _e7\"> </span>100,0Soci\u00e9t\u00e9\ue61fFr<span class=\"_ _0\"></span>an\u00e7aise d\u2019Investissement et\ue61fd\u2019<span class=\"_ _f\"></span>Arbitrage Sofia\ue61f(Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _276\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 6 (France)<span class=\"_ _375\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>ech 9 SAS (Fr<span class=\"_ _0\"></span>ance)<span class=\"_ _2fe\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor Asia Pacific Holdings Pte<span class=\"_ _0\"></span>.\ue61fLtd (Singapour)<span class=\"_ _13c\"> </span>100,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>rademark Management (F<span class=\"_ _0\"></span>rance)<span class=\"_ _11a\"> </span>0,0<span class=\"_ _e7\"> </span>100,0T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _f\"></span>reasury USA LL<span class=\"_ _0\"></span>C (\u00c9tats<span class=\"_ _0\"></span>\u2011<span class=\"ffbb9\">Unis)<span class=\"_ _166\"> </span>100,0<span class=\"_ _f8\"> </span>100,0</span>T<span class=\"_ _23\"></span>echnicolor USA Inc (\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffbba\">\u2011</span>Unis)<span class=\"_ _15b\"> </span>100,0<span class=\"_ _f8\"> </span>100,0Consolid\u00e9es par mise en \u00e9quiv<span class=\"_ _0\"></span>alence<span class=\"_ _15b\"> </span><span class=\"ffbb8\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>3DCD LL<span class=\"_ _0\"></span>C (\u00c9tats\u2011<span class=\"_ _0\"></span><span class=\"ffbb9\">Unis)<span class=\"_ _1df\"> </span>50,0<span class=\"_ _7\"> </span>50,0</span>T<span class=\"_ _23\"></span>echfund\ue61fCapital Europe\ue61fFCPR\ue61f(F<span class=\"_ _0\"></span>rance)<span class=\"_ _2ec\"> </span>19<span class=\"_ _0\"></span>,8<span class=\"_ _ed\"> </span>19,8T<span class=\"_ _23\"></span>echnicolor SFG T<span class=\"_ _f\"></span>echnology Co<span class=\"_ _0\"></span>. Ltd (<span class=\"_ _0\"></span>Chine)<span class=\"_ _2ae\"> </span>49<span class=\"_ _0\"></span>,0<span class=\"_ _12c\"> </span>49<span class=\"_ _0\"></span>,0T<span class=\"_ _23\"></span>echnicolor Creative Studios\ue61f<span class=\"_ _298\"> </span>35,0<span class=\"_ _e5\"> </span><span class=\"ls56 ws56\">N/A</span>(1) Changement de noms de T<span class=\"_ _f\"></span>echnicolor \u00e0 V<span class=\"_ _1\"></span>antiva apr\u00e8s la D<span class=\"_ _0\"></span>istribution.(2) Fusionn\u00e9 avec T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _f\"></span>echnologies.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-2": {
   "value": "2<span class=\"_ _3\"></span>.4<span class=\"_ _42\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _1\"></span>itres des soci\u00e9t\u00e9s mises en \u00e9quivalence et particip<span class=\"_ _0\"></span>ations dans les co<span class=\"ff985\">\u2011</span>entreprises</span>Au <span class=\"_ _1c7\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _73\"> </span>2022, <span class=\"_ _1c7\"> </span>le <span class=\"_ _73\"> </span>Groupe <span class=\"_ _73\"> </span>d\u00e9tient <span class=\"_ _1c7\"> </span>45\ue61fmillions <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>euros d\u2019investissement comptabilis\u00e9s selon <span class=\"_ _3\"></span>la m\u00e9thode de <span class=\"_ _3\"></span>la mise <span class=\"_ _3\"></span>en \u00e9quivalence ou <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>coentreprises, <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>43\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>concernent <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>mise <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>\u00e9quivalence<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>autres entit\u00e9s sont mentionn\u00e9es dans la note <span class=\"ls2 ws2\">15.</span>Le <span class=\"_ _65\"> </span><span class=\"ls0 ws0\">27\ue61fseptembre <span class=\"_ _65\"> </span>2022, <span class=\"_ _65\"> </span>suite <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>perte <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>contr\u00f4le, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>a </span>comptabilis\u00e9 <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>comme une <span class=\"_ _3\"></span>participation dans une entreprise associ\u00e9e <span class=\"_ _3\"></span>\u00e0 sa <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>354\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Au <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les actions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>311\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros compte <span class=\"_ _3\"></span>tenu <span class=\"_ _3\"></span>del\u2019<span class=\"_ _0\"></span>avertissement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>r\u00e9sultats <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>(consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>comme <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>indicateur <span class=\"_ _37\"> </span>de perte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>valeur), <span class=\"_ _66\"> </span>re\ufb02\u00e9tant <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>prix <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>march\u00e9 <span class=\"_ _66\"> </span>entre <span class=\"_ _66\"> </span>le 29\ue61fseptembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _61\"> </span>2022. <span class=\"_ _61\"> </span>Cette <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 comptabilis\u00e9e dans la <span class=\"_ _3\"></span>ligne \"R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s <span class=\"_ _3\"></span>mises en \u00e9quivalence\" du compte de r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>investissements <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>non<span class=\"ff985\">\u2011</span>c\u00f4t\u00e9es\ue61f; <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>cons\u00e9quent, aucun <span class=\"_ _37\"></span>prix <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>march\u00e9 <span class=\"_ _37\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _44\"> </span>disponible <span class=\"_ _3b\"></span>pour <span class=\"_ _44\"> </span>leurs <span class=\"_ _37\"></span>actions. <span class=\"_ _3b\"></span>Aucune <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>ces entreprises <span class=\"_\"> </span>associ\u00e9es <span class=\"_\"> </span>ou <span class=\"_\"> </span>coentreprise <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>individuellement <span class=\"_\"> </span>significative pour le Groupe<span class=\"_ _0\"></span>.Au 30\ue61fseptembre<span class=\"_ _0\"></span>, 2022, le bilan consolid\u00e9 non audit\u00e9 de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> </span>se pr\u00e9sentait ainsi\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)30\ue662septembre 2022Actifs non courants<span class=\"_ _2dc\"> </span>535Actifs courants<span class=\"_ _2dd\"> </span>298T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL ACTIF<span class=\"_ _2de\"> </span>834Capitaux propres<span class=\"_ _2df\"> </span>(188)Passifs non cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e0\"> </span>720Passifs cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e1\"> </span>302T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIF<span class=\"_ _27c\"> </span>834Le <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _37\"> </span>mesure <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>obtenir <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>estimer <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>donn\u00e9es <span class=\"_ _37\"></span>du </span>dernier <span class=\"_ _37\"> </span>trimestre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>comptabiliser <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>part <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>gain/(perte) <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son entreprise <span class=\"_ _64\"> </span>associ\u00e9e <span class=\"_ _65\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _65\"> </span></span>T<span class=\"_ _23\"></span>outefois<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>compte <span class=\"_ _64\"> </span>tenu <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation comptabilis\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>\"R\u00e9sultat <span class=\"_ _3b\"></span>li\u00e9 <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>mises <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00e9quivalence\" du <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat, <span class=\"_ _37\"></span>l\u2019impact <span class=\"_ _3b\"></span>total <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat est correct.Il <span class=\"_ _3\"></span><span class=\"ls0 ws0\">convient <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noter <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>di\ue61c\u00e9rence entre <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres initiaux <span class=\"_ _3\"></span>de </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_\"> </span>nets <span class=\"_ _61\"> </span>d\u00e9comptabilis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>gain <span class=\"_ _61\"> </span>net <span class=\"_ _46\"> </span>de </span>Distribution <span class=\"_ _47\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>est <span class=\"_\"> </span>due <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>di\ue61c\u00e9rence <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00e9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>marqueT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>consid\u00e9r\u00e9 <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>immobilisation <span class=\"_ _3\"></span>incorporelle <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9e <span class=\"_ _3\"></span>en interne dans les comptes <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et donc comptabilis\u00e9e \u00e0 une valeur nulle.T<span class=\"_ _23\"></span>ransactions avec les soci\u00e9t\u00e9s mises en \u00e9quivalenceLes <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>transactions <span class=\"_\"> </span>e\ue61cectu\u00e9es par <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>entreprises <span class=\"_ _44\"> </span>associ\u00e9es <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>co<span class=\"ff985\">\u2011</span>entreprises. <span class=\"_ _37\"> </span>Ces transactions <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>e\ue61cectu\u00e9es <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>conditions <span class=\"_ _44\"> </span>normales <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"> </span>et dans le cas du <span class=\"ls7 ws7\">TSA </span>selon un principe ni gain ni perte.Depuis la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>perdu le <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>qui <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>consolid\u00e9 <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019int\u00e9gration <span class=\"_ _3\"></span>globale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>comptabilis\u00e9 selon la m\u00e9thode de la mise en \u00e9quivalence<span class=\"_ _0\"></span>, et qui reste donc une partie li\u00e9e \u00e0 V<span class=\"_ _1\"></span>antiva.Exercice clos (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)le\ue66231\ue662d\u00e9cembre\ue6622022Actifs<span class=\"_ _2e2\"> </span><span class=\"ff991\">\ue662</span>Cr\u00e9ances envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e3\"> </span>11T<span class=\"_ _23\"></span>otal des actifs envers des Parties li\u00e9es<span class=\"_ _2e4\"> </span>11Passifs<span class=\"_ _2e5\"> </span><span class=\"ff991\">\ue662</span>Provision co\u00fbts de s\u00e9par<span class=\"_ _0\"></span>ation<span class=\"_ _2e6\"> </span>6Dettes envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e7\"> </span>2T<span class=\"_ _23\"></span>otal des passifs envers des Parties li\u00e9es<span class=\"_ _2e8\"> </span>8R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies<span class=\"_ _2e9\"> </span><span class=\"ff991\">\ue662</span>Autres produits d\u2019<span class=\"_ _1\"></span>exploitation avec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ea\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _12b\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9 arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2eb\"> </span><span class=\"ff991\">\ue662</span>Autres produits (charges) av<span class=\"_ _0\"></span>ec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ec\"> </span>1R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _2ed\"> </span>1\ue61fLes <span class=\"_ _0\"></span>transactions entre <span class=\"_ _0\"></span>partie li\u00e9es incluses <span class=\"_ _0\"></span>dans le compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9 ne concernent <span class=\"_ _0\"></span>que les tr<span class=\"_ _0\"></span>ansactions intervenues apr\u00e8s <span class=\"_ _0\"></span>la Distribution <span class=\"_ _0\"></span>de <span class=\"lsb3 wsb3\">TC<span class=\"_ _3\"></span>S.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-3": {
   "value": "2<span class=\"_ _3\"></span>.4<span class=\"_ _42\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _1\"></span>itres des soci\u00e9t\u00e9s mises en \u00e9quivalence et particip<span class=\"_ _0\"></span>ations dans les co<span class=\"ff985\">\u2011</span>entreprises</span>Au <span class=\"_ _1c7\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _73\"> </span>2022, <span class=\"_ _1c7\"> </span>le <span class=\"_ _73\"> </span>Groupe <span class=\"_ _73\"> </span>d\u00e9tient <span class=\"_ _1c7\"> </span>45\ue61fmillions <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>euros d\u2019investissement comptabilis\u00e9s selon <span class=\"_ _3\"></span>la m\u00e9thode de <span class=\"_ _3\"></span>la mise <span class=\"_ _3\"></span>en \u00e9quivalence ou <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>coentreprises, <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>43\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>concernent <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>mise <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>\u00e9quivalence<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>autres entit\u00e9s sont mentionn\u00e9es dans la note <span class=\"ls2 ws2\">15.</span>Le <span class=\"_ _65\"> </span><span class=\"ls0 ws0\">27\ue61fseptembre <span class=\"_ _65\"> </span>2022, <span class=\"_ _65\"> </span>suite <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>perte <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>contr\u00f4le, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>a </span>comptabilis\u00e9 <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>comme une <span class=\"_ _3\"></span>participation dans une entreprise associ\u00e9e <span class=\"_ _3\"></span>\u00e0 sa <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>354\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Au <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les actions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>311\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros compte <span class=\"_ _3\"></span>tenu <span class=\"_ _3\"></span>del\u2019<span class=\"_ _0\"></span>avertissement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>r\u00e9sultats <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>(consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>comme <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>indicateur <span class=\"_ _37\"> </span>de perte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>valeur), <span class=\"_ _66\"> </span>re\ufb02\u00e9tant <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>prix <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>march\u00e9 <span class=\"_ _66\"> </span>entre <span class=\"_ _66\"> </span>le 29\ue61fseptembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _61\"> </span>2022. <span class=\"_ _61\"> </span>Cette <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 comptabilis\u00e9e dans la <span class=\"_ _3\"></span>ligne \"R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s <span class=\"_ _3\"></span>mises en \u00e9quivalence\" du compte de r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>investissements <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>non<span class=\"ff985\">\u2011</span>c\u00f4t\u00e9es\ue61f; <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>cons\u00e9quent, aucun <span class=\"_ _37\"></span>prix <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>march\u00e9 <span class=\"_ _37\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _44\"> </span>disponible <span class=\"_ _3b\"></span>pour <span class=\"_ _44\"> </span>leurs <span class=\"_ _37\"></span>actions. <span class=\"_ _3b\"></span>Aucune <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>ces entreprises <span class=\"_\"> </span>associ\u00e9es <span class=\"_\"> </span>ou <span class=\"_\"> </span>coentreprise <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>individuellement <span class=\"_\"> </span>significative pour le Groupe<span class=\"_ _0\"></span>.Au 30\ue61fseptembre<span class=\"_ _0\"></span>, 2022, le bilan consolid\u00e9 non audit\u00e9 de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> </span>se pr\u00e9sentait ainsi\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)30\ue662septembre 2022Actifs non courants<span class=\"_ _2dc\"> </span>535Actifs courants<span class=\"_ _2dd\"> </span>298T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL ACTIF<span class=\"_ _2de\"> </span>834Capitaux propres<span class=\"_ _2df\"> </span>(188)Passifs non cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e0\"> </span>720Passifs cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e1\"> </span>302T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIF<span class=\"_ _27c\"> </span>834Le <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _37\"> </span>mesure <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>obtenir <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>estimer <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>donn\u00e9es <span class=\"_ _37\"></span>du </span>dernier <span class=\"_ _37\"> </span>trimestre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>comptabiliser <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>part <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>gain/(perte) <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son entreprise <span class=\"_ _64\"> </span>associ\u00e9e <span class=\"_ _65\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _65\"> </span></span>T<span class=\"_ _23\"></span>outefois<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>compte <span class=\"_ _64\"> </span>tenu <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation comptabilis\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>\"R\u00e9sultat <span class=\"_ _3b\"></span>li\u00e9 <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>mises <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00e9quivalence\" du <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat, <span class=\"_ _37\"></span>l\u2019impact <span class=\"_ _3b\"></span>total <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat est correct.Il <span class=\"_ _3\"></span><span class=\"ls0 ws0\">convient <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noter <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>di\ue61c\u00e9rence entre <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres initiaux <span class=\"_ _3\"></span>de </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_\"> </span>nets <span class=\"_ _61\"> </span>d\u00e9comptabilis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>gain <span class=\"_ _61\"> </span>net <span class=\"_ _46\"> </span>de </span>Distribution <span class=\"_ _47\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>est <span class=\"_\"> </span>due <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>di\ue61c\u00e9rence <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00e9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>marqueT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>consid\u00e9r\u00e9 <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>immobilisation <span class=\"_ _3\"></span>incorporelle <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9e <span class=\"_ _3\"></span>en interne dans les comptes <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et donc comptabilis\u00e9e \u00e0 une valeur nulle.T<span class=\"_ _23\"></span>ransactions avec les soci\u00e9t\u00e9s mises en \u00e9quivalenceLes <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>transactions <span class=\"_\"> </span>e\ue61cectu\u00e9es par <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>entreprises <span class=\"_ _44\"> </span>associ\u00e9es <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>co<span class=\"ff985\">\u2011</span>entreprises. <span class=\"_ _37\"> </span>Ces transactions <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>e\ue61cectu\u00e9es <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>conditions <span class=\"_ _44\"> </span>normales <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"> </span>et dans le cas du <span class=\"ls7 ws7\">TSA </span>selon un principe ni gain ni perte.Depuis la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>perdu le <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>qui <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>consolid\u00e9 <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019int\u00e9gration <span class=\"_ _3\"></span>globale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>comptabilis\u00e9 selon la m\u00e9thode de la mise en \u00e9quivalence<span class=\"_ _0\"></span>, et qui reste donc une partie li\u00e9e \u00e0 V<span class=\"_ _1\"></span>antiva.Exercice clos (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)le\ue66231\ue662d\u00e9cembre\ue6622022Actifs<span class=\"_ _2e2\"> </span><span class=\"ff991\">\ue662</span>Cr\u00e9ances envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e3\"> </span>11T<span class=\"_ _23\"></span>otal des actifs envers des Parties li\u00e9es<span class=\"_ _2e4\"> </span>11Passifs<span class=\"_ _2e5\"> </span><span class=\"ff991\">\ue662</span>Provision co\u00fbts de s\u00e9par<span class=\"_ _0\"></span>ation<span class=\"_ _2e6\"> </span>6Dettes envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e7\"> </span>2T<span class=\"_ _23\"></span>otal des passifs envers des Parties li\u00e9es<span class=\"_ _2e8\"> </span>8R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies<span class=\"_ _2e9\"> </span><span class=\"ff991\">\ue662</span>Autres produits d\u2019<span class=\"_ _1\"></span>exploitation avec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ea\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _12b\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9 arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2eb\"> </span><span class=\"ff991\">\ue662</span>Autres produits (charges) av<span class=\"_ _0\"></span>ec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ec\"> </span>1R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _2ed\"> </span>1\ue61fLes <span class=\"_ _0\"></span>transactions entre <span class=\"_ _0\"></span>partie li\u00e9es incluses <span class=\"_ _0\"></span>dans le compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9 ne concernent <span class=\"_ _0\"></span>que les tr<span class=\"_ _0\"></span>ansactions intervenues apr\u00e8s <span class=\"_ _0\"></span>la Distribution <span class=\"_ _0\"></span>de <span class=\"lsb3 wsb3\">TC<span class=\"_ _3\"></span>S.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-4": {
   "value": "2<span class=\"_ _3\"></span>.4<span class=\"_ _42\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _1\"></span>itres des soci\u00e9t\u00e9s mises en \u00e9quivalence et particip<span class=\"_ _0\"></span>ations dans les co<span class=\"ff985\">\u2011</span>entreprises</span>Au <span class=\"_ _1c7\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _73\"> </span>2022, <span class=\"_ _1c7\"> </span>le <span class=\"_ _73\"> </span>Groupe <span class=\"_ _73\"> </span>d\u00e9tient <span class=\"_ _1c7\"> </span>45\ue61fmillions <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>euros d\u2019investissement comptabilis\u00e9s selon <span class=\"_ _3\"></span>la m\u00e9thode de <span class=\"_ _3\"></span>la mise <span class=\"_ _3\"></span>en \u00e9quivalence ou <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>coentreprises, <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>43\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>concernent <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>comptabilis\u00e9 <span class=\"_ _61\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>mise <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>\u00e9quivalence<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>autres entit\u00e9s sont mentionn\u00e9es dans la note <span class=\"ls2 ws2\">15.</span>Le <span class=\"_ _65\"> </span><span class=\"ls0 ws0\">27\ue61fseptembre <span class=\"_ _65\"> </span>2022, <span class=\"_ _65\"> </span>suite <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>perte <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>contr\u00f4le, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>a </span>comptabilis\u00e9 <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> </span>comme une <span class=\"_ _3\"></span>participation dans une entreprise associ\u00e9e <span class=\"_ _3\"></span>\u00e0 sa <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>354\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Au <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les actions <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>311\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros compte <span class=\"_ _3\"></span>tenu <span class=\"_ _3\"></span>del\u2019<span class=\"_ _0\"></span>avertissement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>r\u00e9sultats <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _37\"> </span></span>(consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>comme <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>indicateur <span class=\"_ _37\"> </span>de perte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>valeur), <span class=\"_ _66\"> </span>re\ufb02\u00e9tant <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>prix <span class=\"_ _66\"> </span>du <span class=\"_ _66\"> </span>march\u00e9 <span class=\"_ _66\"> </span>entre <span class=\"_ _66\"> </span>le 29\ue61fseptembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _61\"> </span>2022. <span class=\"_ _61\"> </span>Cette <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 comptabilis\u00e9e dans la <span class=\"_ _3\"></span>ligne \"R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s <span class=\"_ _3\"></span>mises en \u00e9quivalence\" du compte de r\u00e9sultat consolid\u00e9<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>investissements <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>non<span class=\"ff985\">\u2011</span>c\u00f4t\u00e9es\ue61f; <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>cons\u00e9quent, aucun <span class=\"_ _37\"></span>prix <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>march\u00e9 <span class=\"_ _37\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _44\"> </span>disponible <span class=\"_ _3b\"></span>pour <span class=\"_ _44\"> </span>leurs <span class=\"_ _37\"></span>actions. <span class=\"_ _3b\"></span>Aucune <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>ces entreprises <span class=\"_\"> </span>associ\u00e9es <span class=\"_\"> </span>ou <span class=\"_\"> </span>coentreprise <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>individuellement <span class=\"_\"> </span>significative pour le Groupe<span class=\"_ _0\"></span>.Au 30\ue61fseptembre<span class=\"_ _0\"></span>, 2022, le bilan consolid\u00e9 non audit\u00e9 de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> </span>se pr\u00e9sentait ainsi\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)30\ue662septembre 2022Actifs non courants<span class=\"_ _2dc\"> </span>535Actifs courants<span class=\"_ _2dd\"> </span>298T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL ACTIF<span class=\"_ _2de\"> </span>834Capitaux propres<span class=\"_ _2df\"> </span>(188)Passifs non cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e0\"> </span>720Passifs cour<span class=\"_ _0\"></span>ants<span class=\"_ _2e1\"> </span>302T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIF<span class=\"_ _27c\"> </span>834Le <span class=\"_ _37\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"></span>en <span class=\"_ _37\"> </span>mesure <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>obtenir <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>estimer <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>donn\u00e9es <span class=\"_ _37\"></span>du </span>dernier <span class=\"_ _37\"> </span>trimestre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>comptabiliser <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>part <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>gain/(perte) <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son entreprise <span class=\"_ _64\"> </span>associ\u00e9e <span class=\"_ _65\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _65\"> </span></span>T<span class=\"_ _23\"></span>outefois<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>compte <span class=\"_ _64\"> </span>tenu <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation comptabilis\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>\"R\u00e9sultat <span class=\"_ _3b\"></span>li\u00e9 <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>mises <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00e9quivalence\" du <span class=\"_ _3b\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat, <span class=\"_ _37\"></span>l\u2019impact <span class=\"_ _3b\"></span>total <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>r\u00e9sultat est correct.Il <span class=\"_ _3\"></span><span class=\"ls0 ws0\">convient <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>noter <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>di\ue61c\u00e9rence entre <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres initiaux <span class=\"_ _3\"></span>de </span>TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls0 ws0\">et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_\"> </span>nets <span class=\"_ _61\"> </span>d\u00e9comptabilis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>gain <span class=\"_ _61\"> </span>net <span class=\"_ _46\"> </span>de </span>Distribution <span class=\"_ _47\"> </span>de <span class=\"_\"> </span><span class=\"ls4d ws4d\">TCS<span class=\"_ _3b\"></span> <span class=\"_\"> </span></span>est <span class=\"_\"> </span>due <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>di\ue61c\u00e9rence <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00e9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>marqueT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>consid\u00e9r\u00e9 <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>immobilisation <span class=\"_ _3\"></span>incorporelle <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9e <span class=\"_ _3\"></span>en interne dans les comptes <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> </span>et donc comptabilis\u00e9e \u00e0 une valeur nulle.T<span class=\"_ _23\"></span>ransactions avec les soci\u00e9t\u00e9s mises en \u00e9quivalenceLes <span class=\"_ _44\"> </span>\u00e9tats <span class=\"_ _44\"> </span>financiers <span class=\"_\"> </span>consolid\u00e9s <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>transactions <span class=\"_\"> </span>e\ue61cectu\u00e9es par <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>entreprises <span class=\"_ _44\"> </span>associ\u00e9es <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>co<span class=\"ff985\">\u2011</span>entreprises. <span class=\"_ _37\"> </span>Ces transactions <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>e\ue61cectu\u00e9es <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>conditions <span class=\"_ _44\"> </span>normales <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"> </span>et dans le cas du <span class=\"ls7 ws7\">TSA </span>selon un principe ni gain ni perte.Depuis la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>distribution, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>perdu le <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>qui <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>consolid\u00e9 <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019int\u00e9gration <span class=\"_ _3\"></span>globale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>comptabilis\u00e9 selon la m\u00e9thode de la mise en \u00e9quivalence<span class=\"_ _0\"></span>, et qui reste donc une partie li\u00e9e \u00e0 V<span class=\"_ _1\"></span>antiva.Exercice clos (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)le\ue66231\ue662d\u00e9cembre\ue6622022Actifs<span class=\"_ _2e2\"> </span><span class=\"ff991\">\ue662</span>Cr\u00e9ances envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e3\"> </span>11T<span class=\"_ _23\"></span>otal des actifs envers des Parties li\u00e9es<span class=\"_ _2e4\"> </span>11Passifs<span class=\"_ _2e5\"> </span><span class=\"ff991\">\ue662</span>Provision co\u00fbts de s\u00e9par<span class=\"_ _0\"></span>ation<span class=\"_ _2e6\"> </span>6Dettes envers des entit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios<span class=\"_ _2e7\"> </span>2T<span class=\"_ _23\"></span>otal des passifs envers des Parties li\u00e9es<span class=\"_ _2e8\"> </span>8R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies<span class=\"_ _2e9\"> </span><span class=\"ff991\">\ue662</span>Autres produits d\u2019<span class=\"_ _1\"></span>exploitation avec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ea\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s poursuivies avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _12b\"> </span>10R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9 arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2eb\"> </span><span class=\"ff991\">\ue662</span>Autres produits (charges) av<span class=\"_ _0\"></span>ec des entit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _2ec\"> </span>1R\u00e9sultat d\u2019<span class=\"_ _0\"></span>exploitation des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession avec des P<span class=\"_ _0\"></span>arties li\u00e9es<span class=\"_ _2ed\"> </span>1\ue61fLes <span class=\"_ _0\"></span>transactions entre <span class=\"_ _0\"></span>partie li\u00e9es incluses <span class=\"_ _0\"></span>dans le compte <span class=\"_ _0\"></span>de r\u00e9sultat <span class=\"_ _0\"></span>consolid\u00e9 ne concernent <span class=\"_ _0\"></span>que les tr<span class=\"_ _0\"></span>ansactions intervenues apr\u00e8s <span class=\"_ _0\"></span>la Distribution <span class=\"_ _0\"></span>de <span class=\"lsb3 wsb3\">TC<span class=\"_ _3\"></span>S.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-2": {
   "value": "Note 3<span class=\"_ _c3\"> </span>I<span class=\"_ _0\"></span>nformation par segment et par zone g\u00e9ogr<span class=\"_ _0\"></span>aphiqueExer<span class=\"_ _0\"></span>cice clos le 31\ue662d\u00e9cembre 2022Maison Corporat<span class=\"_ _0\"></span>e<span class=\"ff99c\"> &amp; </span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Connect\u00e9e<span class=\"_ _1ee\"> </span><span class=\"ff99c ls66 ws66\">SC<span class=\"_ _3\"></span>S</span>Autres<span class=\"_ _39\"> </span><span class=\"ff99e fcc\">TOTAL Vantiva</span>Compte de r\u00e9sultat<span class=\"_ _274\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _12a\"> </span>2\ue61f120<span class=\"_ _17e\"> </span><span class=\"ls70 ws70\">6<span class=\"_ _3\"></span>55<span class=\"_ _8f\"> </span></span>1<span class=\"_ _97\"> </span>2\ue61f776Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires inter<span class=\"ff99f\">\u2011</span>segments<span class=\"_ _ec\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-R\u00e9sultat avant char<span class=\"_ _0\"></span>ges \ue75cnanci\u00e8res et imp\u00f4ts (EBIT<span class=\"_ _3\"></span>) des activit\u00e9s poursuivies<span class=\"_ _9\"> </span><span class=\"ff99c\">34<span class=\"_ _197\"> </span></span>(3)<span class=\"_ _9\"> </span>(<span class=\"_ _0\"></span>41)<span class=\"_ _7e\"> </span>(11)Dont\ue61f:<span class=\"_ _2ee\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fAmortissements des incorporels issus des acquisitions<span class=\"_ _1e7\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _30\"> </span></span>(<span class=\"_ _3\"></span>7)<span class=\"_ _1a1\"> </span>-<span class=\"_ _17e\"> </span>(31)P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants op\u00e9rationnels<span class=\"_ _3e\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _33\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _268\"> </span>(5)Co\u00fbts de restructuration<span class=\"_ _213\"> </span>(1)<span class=\"_ _17e\"> </span>(12)<span class=\"_ _268\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _17e\"> </span></span>(17)Autres produits (charges)<span class=\"_ _2ef\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _30\"> </span>(6<span class=\"_ _3\"></span>)<span class=\"_ _268\"> </span></span>(<span class=\"_ _3\"></span>2)<span class=\"_ _17e\"> </span>(13)EBIT<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _11f\"> </span><span class=\"ff99c\">66<span class=\"_ _82\"> </span></span>23<span class=\"_ _1ee\"> </span>(<span class=\"_ _3\"></span>35)<span class=\"_ _5\"> </span><span class=\"ls70 ws70\">55</span>Dont\ue61f:<span class=\"_ _2ee\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fAmortissements et d\u00e9pr\u00e9ciations<span class=\"_ _98\"> </span>(<span class=\"_ _0\"></span>67)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>33)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9a\"> </span>(104)(1)Autres \u00e9l\u00e9ments sans contrepartie de tr<span class=\"_ _0\"></span>\u00e9sorerie\ue61f<span class=\"_ _2f0\"> </span>(1)<span class=\"_ _1a1\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _30\"> </span>(2)EBITD<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2aa\"> </span>135<span class=\"_ _33\"> </span>56<span class=\"_ _34\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _19b\"> </span><span class=\"ff99c\">161</span>\u00c9tat de la situation \ue75cnanci\u00e8r<span class=\"_ _0\"></span>e<span class=\"_ _10f\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662Actifs sectoriels<span class=\"_ _12d\"> </span>1\ue61f5<span class=\"_ _0\"></span>53<span class=\"_ _17e\"> </span>445<span class=\"_ _251\"> </span>28<span class=\"_ _74\"> </span>2\ue61f026Actifs non a\ue61eect\u00e9s<span class=\"_ _29a\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _197\"> </span>317T<span class=\"_ _23\"></span>otal actif consolid\u00e9<span class=\"_ _19f\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _74\"> </span>2\ue662343Passifs sectoriels<span class=\"_ _12a\"> </span>1\ue61f077<span class=\"_ _19b\"> </span>199<span class=\"_ _184\"> </span>296<span class=\"_ _178\"> </span>1\ue61f572Passifs non a\ue61eect\u00e9s<span class=\"_ _235\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _249\"> </span>\ue61f<span class=\"_ _19b\"> </span>451T<span class=\"_ _23\"></span>otal passif consolid\u00e9 hors capitaux propres<span class=\"_ _2f1\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _d5\"> </span>2\ue662023Autres informations<span class=\"_ _2a7\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662Investissements nets<span class=\"_ _286\"> </span>(61)<span class=\"_ _7e\"> </span>(18)<span class=\"_ _33\"> </span>(1)<span class=\"_ _154\"> </span>(80)Capitaux mis en \u0153uvre<span class=\"_ _2ab\"> </span>67<span class=\"_ _197\"> </span>123<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>25)<span class=\"_ _19b\"> </span>165(1) Principalement la variation des pr<span class=\"_ _0\"></span>ovisions pour risques, litiges <span class=\"ls5e ws5e\">et </span>gar<span class=\"_ _0\"></span>anties.<span class=\"_ _2f2\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61f<span class=\"_ _cc\"> </span>\ue61f<span class=\"_ _3c\"> </span>\ue61fExer<span class=\"_ _0\"></span>cice clos le 31\ue662d\u00e9cembre 2021Maison Corporat<span class=\"_ _0\"></span>e(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Connect\u00e9e<span class=\"_ _d5\"> </span><span class=\"ff9a7 ls66 ws66\">SCS</span>&amp;\ue662Autres<span class=\"_ _6b\"> </span><span class=\"ff9a9 fcc\">TOTAL Vantiva</span>Compte de r\u00e9sultat<span class=\"_ _121\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _23a\"> </span>1\ue61f544<span class=\"_ _1ee\"> </span><span class=\"ls70 ws70\">70<span class=\"_ _3\"></span>1<span class=\"_ _82\"> </span></span>5<span class=\"_ _58\"> </span>2\ue61f250Chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires inter<span class=\"ff9aa\">\u2011</span>segments<span class=\"_ _203\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _91\"> </span>-<span class=\"_ _91\"> </span>-R\u00e9sultat avant char<span class=\"_ _0\"></span>ges \ue75cnanci\u00e8res et imp\u00f4ts (EBIT<span class=\"_ _3\"></span>) des activit\u00e9s poursuivies<span class=\"_ _1d8\"> </span><span class=\"ff9a7\">11<span class=\"_ _91\"> </span>-<span class=\"_ _a8\"> </span></span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _1a4\"> </span></span>(13)Dont\ue61f:<span class=\"_ _2f3\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61fAmortissements des incorporels issus des acquisitions<span class=\"_ _2d2\"> </span>(21)<span class=\"_ _1d\"> </span>(9)<span class=\"_ _91\"> </span>-<span class=\"_ _74\"> </span>(30)P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants op\u00e9rationnels<span class=\"_ _16b\"> </span>(1)<span class=\"_ _9\"> </span>(2)<span class=\"_ _91\"> </span>-<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>2)Co\u00fbts de restructuration<span class=\"_ _157\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _17d\"> </span></span>(17)<span class=\"_ _1a4\"> </span>(10)<span class=\"_ _97\"> </span>(<span class=\"_ _3\"></span>31)Autres produits (charges)<span class=\"_ _107\"> </span>(8)<span class=\"_ _91\"> </span>-<span class=\"_ _19b\"> </span>18<span class=\"_ _23f\"> </span>10EBIT<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2f4\"> </span>45<span class=\"_ _184\"> </span>27<span class=\"_ _d5\"> </span>(33)<span class=\"_ _184\"> </span><span class=\"ff9a7\">39</span>Dont\ue61f:<span class=\"_ _2f3\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61fAmortissements et d\u00e9pr\u00e9ciations<span class=\"_ _241\"> </span>(64)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _9\"> </span>(2)<span class=\"_ _d7\"> </span>(103)(1)Autres \u00e9l\u00e9ments sans contrepartie de tr<span class=\"_ _0\"></span>\u00e9sorerie\ue61f<span class=\"_ _a2\"> </span>6<span class=\"_ _1d\"> </span>(2)<span class=\"_ _9\"> </span>(2)<span class=\"_ _82\"> </span>2EBITD<span class=\"_ _0\"></span>A ajust\u00e9<span class=\"_ _2bb\"> </span>103<span class=\"_ _17e\"> </span>67<span class=\"_ _a8\"> </span>(<span class=\"_ _3\"></span>29)<span class=\"_ _1ee\"> </span>141\u00c9tat de la situation \ue75cnanci\u00e8r<span class=\"_ _0\"></span>e<span class=\"_ _2f5\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1c6\"> </span>\ue662Actifs sectoriels<span class=\"_ _128\"> </span>1\ue61f324<span class=\"_ _154\"> </span>715<span class=\"_ _d7\"> </span>(165)<span class=\"_ _185\"> </span>1\ue61f875Actifs non a\ue61eect\u00e9s<span class=\"_ _2ae\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _186\"> </span>2\ue61f863(2)Actifs relatifs aux activit\u00e9s T<span class=\"_ _23\"></span>echnicolor Creative Studios et Licences de\ue61fMarques\ue61f<span class=\"_ _292\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _1ee\"> </span>772T<span class=\"_ _23\"></span>otal actif consolid\u00e9<span class=\"_ _2f6\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1dc\"> </span>5\ue662509Passifs sectoriels<span class=\"_ _2bb\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _3\"></span>5<span class=\"_ _17d\"> </span></span>208<span class=\"_ _34\"> </span>329<span class=\"_ _194\"> </span>1\ue61f303Passifs non a\ue61eect\u00e9s<span class=\"_ _212\"> </span>\ue61f<span class=\"_ _1c6\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _194\"> </span>1\ue61f286(2)Passifs r<span class=\"_ _0\"></span>elatifs aux activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios et Licences de\ue61fMarques\ue61f<span class=\"_ _7\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _15f\"> </span>\ue61f<span class=\"_ _4e\"> </span><span class=\"lsa9 wsa9\">276</span>T<span class=\"_ _23\"></span>otal passif consolid\u00e9 hors capitaux propres<span class=\"_ _2bd\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1dc\"> </span>2\ue662866Autres informations<span class=\"_ _2f7\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _15f\"> </span>\ue662<span class=\"_ _1c6\"> </span>\ue662Investissements nets<span class=\"_ _122\"> </span>(60)<span class=\"_ _1d\"> </span>(9)<span class=\"_ _91\"> </span>-<span class=\"_ _9e\"> </span>(69)Capitaux mis en \u0153uvre<span class=\"_ _2f8\"> </span>179<span class=\"_ _4e\"> </span><span class=\"ls53 ws53\">247<span class=\"_ _9e\"> </span></span>(<span class=\"_ _3\"></span>36)<span class=\"_ _178\"> </span>390(1) Principalement la variation des pr<span class=\"_ _0\"></span>ovisions pour risques, litiges <span class=\"ls5e ws5e\">et </span>gar<span class=\"_ _0\"></span>anties.(2) <span class=\"_ _3\"></span>Les donn\u00e9es 2021 ont <span class=\"_ _3\"></span><span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retrait\u00e9es des \u00e9l\u00e9ments relatifs aux <span class=\"_ _3\"></span>activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et </span>Licences de <span class=\"_ _3\"></span>Marques comptabilis\u00e9es au sein des <span class=\"_ _3\"></span>activit\u00e9s arr\u00eat\u00e9es ou en <span class=\"_ _3\"></span>cours de cession (cf<span class=\"_ _0\"></span>. note 12).Les <span class=\"_ _65\"> </span>commentaires <span class=\"_ _64\"> </span>suivants <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>applicables <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>deux <span class=\"_ _64\"> </span>tableaux ci<span class=\"ff9aa\">\u2011</span>dessus\ue61f:1.la <span class=\"_ _65\"> </span>ligne <span class=\"_ _65\"> </span>\u00ab\ue61fEBITD<span class=\"_ _1\"></span>A <span class=\"_ _65\"> </span>ajust\u00e9\ue61f\u00bb <span class=\"_ _65\"> </span>correspond <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>activit\u00e9s poursuivies <span class=\"_ _3b\"></span>avant <span class=\"_ _3b\"></span>imp\u00f4t <span class=\"_ _37\"> </span>et <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>financier <span class=\"_ _37\"></span>net <span class=\"_ _3b\"></span>excluant <span class=\"_ _37\"></span>notamment les <span class=\"_ _3\"></span>autres <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>charges, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciations <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>amortissements (y compris l\u2019impact des provisions pour risques<span class=\"_ _0\"></span>, garanties ou litiges\ue61f;2.la <span class=\"_ _4c\"> </span>ligne <span class=\"_ _4c\"> </span>\u00ab\ue61fEBIT<span class=\"_ _1\"></span>A <span class=\"_ _4c\"> </span>ajust\u00e9\ue61f\u00bb <span class=\"_ _4c\"> </span>correspond <span class=\"_ _4c\"> </span>au <span class=\"_ _4c\"> </span>r\u00e9sultat <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>activit\u00e9s poursuivies <span class=\"_ _3b\"></span>avant <span class=\"_ _3\"></span>imp\u00f4t <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>financier <span class=\"_ _3b\"></span>net, <span class=\"_ _3b\"></span>excluant <span class=\"_ _3\"></span>notamment les <span class=\"_ _44\"> </span>autres <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>oduits <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>charges <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciations <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _47\"> </span>de PP<span class=\"_ _0\"></span>A\ue61f;3.les <span class=\"_ _65\"> </span>lignes <span class=\"_ _65\"> </span>\u00ab\ue61fT<span class=\"_ _23\"></span>otal <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>sectoriels\ue61f\u00bb <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>\u00ab\ue61fT<span class=\"_ _f\"></span>otal <span class=\"_ _65\"> </span>passifs <span class=\"_ _64\"> </span>sectoriels\ue61f\u00bb comprennent <span class=\"_\"> </span>tous <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actifs <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>passifs <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>exploitation <span class=\"_\"> </span>utilis\u00e9s <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>le segment\ue61f;4.la <span class=\"_ _66\"> </span>ligne <span class=\"_ _4c\"> </span>\u00ab\ue61fActifs <span class=\"_ _66\"> </span>non <span class=\"_ _4c\"> </span>affect\u00e9s\ue61f\u00bb <span class=\"_ _4c\"> </span>inclut <span class=\"_ _66\"> </span>principalement <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>actifs financiers, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>comptes <span class=\"_ _64\"> </span>courants <span class=\"_ _61\"> </span>avec <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>soci\u00e9t\u00e9s <span class=\"_ _64\"> </span>li\u00e9es<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>les <span class=\"_ _61\"> </span>actifs d\u2019imp\u00f4t, <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>\u00e9quivalents <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f;5.la <span class=\"_ _65\"> </span>ligne <span class=\"_ _64\"> </span>\u00ab\ue61fPassifs <span class=\"_ _64\"> </span>non <span class=\"_ _65\"> </span>affect\u00e9s\ue61f\u00bb <span class=\"_ _64\"> </span>inclut <span class=\"_ _65\"> </span>principalement <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>passifs financiers et d\u2019imp\u00f4ts ainsi que les passifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f;6.la <span class=\"_\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fInvestissements <span class=\"_ _44\"> </span>nets\ue61f\u00bb <span class=\"_\"> </span>correspond <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>d\u00e9penses <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux acquisitions <span class=\"_\"> </span>d\u2019immobilisations <span class=\"_\"> </span>corporelles <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>incorporelles <span class=\"_\"> </span>nettes <span class=\"_ _46\"> </span>de l\u2019<span class=\"_ _0\"></span>encaissement <span class=\"_ _64\"> </span>li\u00e9 <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>cessions <span class=\"_ _60\"> </span>d\u2019immobilisations <span class=\"_ _65\"> </span>corpor<span class=\"_ _0\"></span>elles <span class=\"_ _64\"> </span>et incorporelles\ue61f;7.la <span class=\"_ _60\"> </span>ligne <span class=\"_ _60\"> </span>\u00ab\ue61fCapitaux <span class=\"_ _60\"> </span>mis <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>\u0153uvre\ue61f\u00bb <span class=\"_ _60\"> </span>correspond <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>somme <span class=\"_ _60\"> </span>des immobilisations <span class=\"_ _44\"> </span>corporelles <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>incorporelles <span class=\"_ _37\"> </span>nettes <span class=\"_ _47\"> </span>(\u00e0 <span class=\"_ _37\"> </span>l\u2019ex<span class=\"_ _0\"></span>ception <span class=\"_ _44\"> </span>des \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition), du besoin <span class=\"_ _3\"></span>en fonds de roulement d\u2019<span class=\"_ _0\"></span>exploitation et des <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>courants <span class=\"_ _3\"></span>(\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>dont celles <span class=\"_ _46\"> </span>pour <span class=\"_ _61\"> </span>retraites <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>assimil\u00e9s, <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>l\u2019imp\u00f4t, <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>dettes relatives <span class=\"_ _60\"> </span>aux <span class=\"_ _64\"> </span>acquisitions <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s <span class=\"_ _64\"> </span>et <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>dettes <span class=\"_ _64\"> </span>aux <span class=\"_ _60\"> </span>fournisseurs d\u2019immobilisations).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-57-3": {
   "value": "3<span class=\"_ _3\"></span>.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">Information p<span class=\"_ _0\"></span>ar segment</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">groupe <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constitu\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies, <span class=\"_ _3\"></span>consid\u00e9r\u00e9es </span>comme <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>segments <span class=\"_ _61\"> </span>op\u00e9rationnels <span class=\"_ _46\"> </span>conform\u00e9ment <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>IFRS\ue61f8\ue61f: <span class=\"_ _61\"> </span>Maison Connect\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>Solutions <span class=\"_ _64\"> </span>Logistiques <span class=\"_ _64\"> </span>(SCS) <span class=\"_ _64\"> </span>(anciennement <span class=\"_ _64\"> </span>\u00ab\ue61fSer<span class=\"_ _3\"></span>vices D<span class=\"_ _0\"></span>VD\ue61f\u00bb).Le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>prend <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _60\"> </span>op\u00e9rationnelles <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9value <span class=\"_ _61\"> </span>les performances <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>base <span class=\"_ _61\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _60\"> </span>deux <span class=\"_ _60\"> </span>segments op\u00e9rationnels<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>restantes <span class=\"_ _3b\"></span>(y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>fonctions <span class=\"_ _3b\"></span>transverses) sont regroup\u00e9es dans le segment \u00ab\ue61f<span class=\"ff992\">C<span class=\"_ _0\"></span>orporate<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb.</span></span>Les <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>Licences <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>Marques <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Cr<span class=\"_ _0\"></span>eative <span class=\"_ _44\"> </span>Studios <span class=\"_ _47\"> </span>sont pr\u00e9sent\u00e9es dans <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2021 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>incluses <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la note informations par segment.Maison Connect\u00e9eLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">segment <span class=\"_ _3\"></span>Maison <span class=\"_ _3\"></span>Connect\u00e9e <span class=\"_ _3b\"></span>o\ue61ere <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>gamme <span class=\"_ _3b\"></span>compl\u00e8te <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>terminaux </span>domestiques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>op\u00e9rateurs <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>t\u00e9l\u00e9vision payante <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9seaux, <span class=\"_ _3\"></span>incluant <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>modems <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>passerelles <span class=\"_ _3\"></span>haut <span class=\"_ _3\"></span>d\u00e9bit, des <span class=\"_ _3b\"></span>d\u00e9codeurs <span class=\"_ _3\"></span>num\u00e9riques, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>appareils <span class=\"_ _3b\"></span>connect\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019\ue61f\u00ab\ue61fInternet <span class=\"_ _3\"></span>des objets\ue61f\u00bb. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _37\"> </span></span>segment <span class=\"_ _44\"> </span>Maison <span class=\"_ _3b\"></span>Connect\u00e9e <span class=\"_ _37\"> </span>g\u00e9n\u00e8re <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>revenus <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>vente de ces biens et des services associ\u00e9s.Solutions Logistiques (SCS)\ue61f(pr\u00e9c\u00e9demment nomm\u00e9e \u00ab\ue61fServices D<span class=\"_ _0\"></span>VD\ue61f\u00bb)Le <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">segment <span class=\"_ _60\"> </span></span>SCS<span class=\"_ _3\"></span> <span class=\"_ _61\"> </span><span class=\"ls2 ws2\">est <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span><span class=\"ff992\">leader<span class=\"_ _60\"> </span></span><span class=\"ws0\"> mondial <span class=\"_ _60\"> </span></span>dans <span class=\"_ _60\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9plication, </span>d\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>distribution <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>CD<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>DVD<span class=\"_ _1\"></span>, <span class=\"_ _3b\"></span>Blu<span class=\"ff993 ls0 ws0\">\u2011</span>ray\u2122 <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>vid\u00e9os, <span class=\"_ _3\"></span>jeux <span class=\"_ _3b\"></span>et musique. <span class=\"ls69 ws69\">Le </span>segment <span class=\"_ _3\"></span>porte une attention <span class=\"_ _3\"></span>particuli\u00e8re \u00e0 la diversification <span class=\"_ _3\"></span>de ses activit\u00e9s <span class=\"_ _65\"> </span>hors <span class=\"_ _64\"> </span>pack <span class=\"_ _65\"> </span>m\u00e9dia, <span class=\"_ _64\"> </span>o\ue61erant <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>solutions <span class=\"_ _65\"> </span>compl\u00e8tes <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>services d\u2019<span class=\"_ _0\"></span>approvisionnement, <span class=\"_ _3\"></span>comprenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>services <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>distribution, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>ex\u00e9cution, <span class=\"_ _3\"></span>de courtage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>fret <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>gestion <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transport. <span class=\"_ _3b\"></span><span class=\"ls1 ws1\">En <span class=\"_ _3b\"></span></span>outre, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>segment <span class=\"_ _3b\"></span>acc\u00e9l\u00e8re <span class=\"_ _3\"></span>le d\u00e9veloppement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>nouvelles <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>fabrication <span class=\"_\"> </span>non <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>disques, comprenant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>production <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dispositifs <span class=\"_ _3b\"></span>micro <span class=\"_ _3\"></span>\ufb02uidiques <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>polym\u00e8res destin\u00e9s <span class=\"_\"> </span>aux <span class=\"_\"> </span>diagnostics <span class=\"_ _47\"> </span>m\u00e9dicaux <span class=\"_\"> </span>et <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>inv<span class=\"_ _0\"></span>estissements <span class=\"_\"> </span>r\u00e9cents <span class=\"_\"> </span>dans <span class=\"_\"> </span>des capacit\u00e9s de <span class=\"_ _0\"></span>production d\u00e9di\u00e9es <span class=\"_ _0\"></span>\u00e0 la f<span class=\"_ _0\"></span>abrication de disques <span class=\"_ _0\"></span>vinyle.Corpor<span class=\"_ _0\"></span>ate<span class=\"ff98b\"> &amp; Autres</span>Le <span class=\"ls0 ws0\">segment \u00ab\ue61f<span class=\"ff992\">Corporat<span class=\"_ _0\"></span>e<span class=\"ff98d\"> &amp; Autres\ue61f\u00bb regroupe\ue61f:</span></span></span>\u2022les <span class=\"_ _44\"> </span>fonctions <span class=\"_\"> </span>centrales <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _47\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>fonctions <span class=\"_ _64\"> </span>centrales, <span class=\"_ _65\"> </span>comme <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>achats, <span class=\"_ _65\"> </span>les Ressources <span class=\"_ _60\"> </span>Humaines<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>l\u2019informatique, <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>finance, <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>marketing <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>la communication, les <span class=\"_ _3\"></span>affaires juridiques et <span class=\"_ _3\"></span>la gestion de <span class=\"_ _3\"></span>l\u2019immobilier<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>qui ne <span class=\"_ _37\"> </span>prestent <span class=\"_ _44\"> </span>pas <span class=\"_ _37\"> </span>directement <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8re au <span class=\"_ _37\"> </span>sein <span class=\"_ _44\"> </span>des deux segments du Groupe\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _46\"> </span>Licences <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>Brevet, <span class=\"_ _46\"> </span>qui <span class=\"_ _46\"> </span>mon\u00e9tise <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>droits <span class=\"_\"> </span>et <span class=\"_\"> </span>brevets <span class=\"_ _46\"> </span>non c\u00e9d\u00e9s \u00e0 InterD<span class=\"_ _0\"></span>igital\ue61f;\u2022les <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _65\"> </span>li\u00e9s <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>vendues, <span class=\"_ _64\"> </span>ainsi <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>des engagements <span class=\"_\"> </span>provenant <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>anciennes <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9lectronique <span class=\"_\"> </span>gr<span class=\"_ _0\"></span>and public, majoritairement des engagements de retraite et co\u00fbts juridiques<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-63-2": {
   "value": "3.2<span class=\"_ _2c\"> </span>Produits des activit\u00e9s or<span class=\"_ _0\"></span>dinaires tir\u00e9s de contrats conclus av<span class=\"_ _0\"></span>ec des clients3.2.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Chiffre d\u2019<span class=\"_ _1\"></span>affairesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019IFRS\ue61d15 <span class=\"_ _3b\"></span><span class=\"ff9b1\">\u2012<span class=\"_ _3\"></span></span> Produits <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>ordinair<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>tir\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>contrats <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>clients, <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019a\ue61f<span class=\"_ _0\"></span>aires <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>poursuivies <span class=\"_ _3\"></span>se <span class=\"_ _3b\"></span>r\u00e9partit <span class=\"_ _3\"></span>par </span>m\u00e9thode de reconnaissance des revenus de la f<span class=\"_ _0\"></span>a\u00e7on suivante\ue61d:31\ue662d\u00e9cembre Maison Corporat<span class=\"_ _0\"></span>e31\ue662d\u00e9cembre (en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)2022Connect\u00e9e<span class=\"_ _1da\"> </span><span class=\"ls66 ws66\">SCS</span>&amp;\ue662Autres2021\ue662*Revenus reconnus \u00e0 la livr<span class=\"_ _0\"></span>aison des biens et ser<span class=\"_ _3\"></span>vices<span class=\"_ _171\"> </span>2\ue61d775<span class=\"_ _8a\"> </span>2\ue61d120<span class=\"_ _193\"> </span><span class=\"ls70 ws70\">6<span class=\"_ _3\"></span>55<span class=\"_ _1cf\"> </span></span>-<span class=\"_ _180\"> </span>2\ue61d245Revenus des brev<span class=\"_ _0\"></span>ets<span class=\"_ _217\"> </span>1<span class=\"_ _1cf\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>1<span class=\"_ _23f\"> </span>5REVENUS DES ACTIVIT\u00c9S POURSUIVIES<span class=\"_ _cd\"> </span>2\ue66277<span class=\"_ _0\"></span>6<span class=\"_ _ae\"> </span>2\ue662120<span class=\"_ _185\"> </span><span class=\"ls70 ws70\">655<span class=\"_ _1cf\"> </span></span><span class=\"ff9b4\">1<span class=\"_ _5c\"> </span></span>2\ue662250* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dInformation sur les principaux clientsLes <span class=\"_ _37\"> </span>trois <span class=\"_ _44\"> </span>principaux <span class=\"_ _44\"> </span>clients <span class=\"_ _44\"> </span>repr\u00e9sentent <span class=\"_ _37\"> </span>35\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _37\"> </span>consolid\u00e9 <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>(985\ue61dmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os) <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>34\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires consolid\u00e9 du Groupe au 31\ue61dd\u00e9cembr<span class=\"_ _0\"></span>e 2021 (<span class=\"_ _3\"></span>754\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros).Autres informations par zone g\u00e9ographiqueRoyaume-Reste de \u00c9tats<span class=\"_ _0\"></span>-Reste de Asie-(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)Fr<span class=\"_ _0\"></span>anceUnil\u2019Eur<span class=\"_ _0\"></span>opeUnisl\u2019<span class=\"_ _f\"></span>Am\u00e9riquePaci\ue75cque<span class=\"_ _7b\"> </span><span class=\"ff9b3 fcc\">TOTAL</span>Chi\ue75bre d\u2019<span class=\"_ _0\"></span>a\ue75baires<span class=\"_ _a0\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _194\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _185\"> </span>\ue662<span class=\"_ _194\"> </span>\ue6622022<span class=\"_ _13e\"> </span>456<span class=\"_ _c2\"> </span>18<span class=\"_ _189\"> </span>117<span class=\"_ _27\"> </span>1\ue61d523<span class=\"_ _188\"> </span>419<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3<span class=\"_ _11\"> </span></span>2\ue61d7762021\ue61d*<span class=\"_ _5d\"> </span>427<span class=\"_ _c8\"> </span>22<span class=\"_ _a7\"> </span>115<span class=\"_ _8c\"> </span>1\ue61d191<span class=\"_ _188\"> </span>333<span class=\"_ _ac\"> </span>162<span class=\"_ _26\"> </span>2\ue61d250Actifs sectoriels<span class=\"_ _142\"> </span><span class=\"ff9b0\">\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d</span>2022<span class=\"_ _13e\"> </span>694<span class=\"_ _5c\"> </span>20<span class=\"_ _5c\"> </span>50<span class=\"_ _ab\"> </span>923<span class=\"_ _69\"> </span>258<span class=\"_ _5c\"> </span>80<span class=\"_ _84\"> </span>2\ue61d0252021\ue61d*<span class=\"_ _170\"> </span>564<span class=\"_ _89\"> </span>25<span class=\"_ _5c\"> </span>49<span class=\"_ _188\"> </span>927<span class=\"_ _188\"> </span>232<span class=\"_ _c2\"> </span>77<span class=\"_ _2c9\"> </span>1\ue61d875* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dLe <span class=\"ls0 ws0\">chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires est pr\u00e9sent\u00e9 en fonction de la situation g\u00e9ogr<span class=\"_ _0\"></span>aphique de la soci\u00e9t\u00e9 qui \u00e9met la facture.</span>4.2.2<span class=\"_ _10d\"> </span>Relations contractuelles avec les clients<span class=\"_ _0\"></span>, brevets et autres immobilisations incorpor<span class=\"_ _0\"></span>ellesBrevets &amp; autres T<span class=\"_ _23\"></span>otal des immobilisations immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Marques<span class=\"_ _4f\"> </span>Relations clientsincorporellesincorporelleserAu 1<span class=\"_ _6f\"> </span><span class=\"ff9e2\">\ue662janvier 2021, net\ue662*<span class=\"_ _e1\"> </span><span class=\"ls53 ws53\">242<span class=\"_ _19b\"> </span></span>114<span class=\"_ _1cf\"> </span></span>171<span class=\"_ _17e\"> </span><span class=\"ff9e2\">526</span>Brut<span class=\"_ _252\"> </span>250<span class=\"_ _19b\"> </span>333<span class=\"_ _17e\"> </span>850<span class=\"_ _178\"> </span>1\ue61f433Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(8)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>219)<span class=\"_ _9a\"> </span>(679)<span class=\"_ _d5\"> </span>(907)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>17<span class=\"_ _158\"> </span>8<span class=\"_ _231\"> </span>12<span class=\"_ _156\"> </span>37Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _251\"> </span>52<span class=\"_ _251\"> </span>52Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _154\"> </span>(30)<span class=\"_ _9\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75)<span class=\"_ _1a4\"> </span></span>(104)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e3\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>2)Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _250\"> </span>258<span class=\"_ _33\"> </span>92<span class=\"_ _17e\"> </span>160<span class=\"_ _17e\"> </span>510Brut<span class=\"_ _303\"> </span>267<span class=\"_ _184\"> </span>358<span class=\"_ _19b\"> </span>916<span class=\"_ _1b5\"> </span>1\ue61f541Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(9)<span class=\"_ _74\"> </span>(266)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>756)<span class=\"_ _7a\"> </span>(1\ue61f032)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>13<span class=\"_ _158\"> </span>6<span class=\"_ _158\"> </span>9<span class=\"_ _82\"> </span>28Acquisitions des activit\u00e9s poursuivies<span class=\"_ _5d\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _82\"> </span>49<span class=\"_ _5\"> </span>49Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2a4\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _91\"> </span>18<span class=\"_ _91\"> </span>18Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _1d\"> </span>(28)<span class=\"_ _1d\"> </span>(68)<span class=\"_ _1d\"> </span>(96)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _2af\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _30\"> </span>(3)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _2c5\"> </span>(<span class=\"_ _3\"></span>271)<span class=\"_ _1d\"> </span>(45)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>342)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _24c\"> </span><span class=\"ff9e1\">-<span class=\"_ _82\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _184\"> </span></span>138<span class=\"_ _23f\"> </span>163Brut<span class=\"_ _209\"> </span>-<span class=\"_ _184\"> </span><span class=\"ls70 ws70\">270<span class=\"_ _19b\"> </span></span>735<span class=\"_ _74\"> </span>1\ue61f005Amortissements cumul\u00e9s<span class=\"_ _29e\"> </span>-<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>246)<span class=\"_ _9e\"> </span>(597)<span class=\"_ _9e\"> </span>(843)* Les ouvertures 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>re<span class=\"_ _0\"></span>trait\u00e9s suite \u00e0 la d\u00e9cision de l\u2019IFRS IC d\u2019<span class=\"_ _0\"></span>avril\ue61f2021, pr\u00e9cisant la comptabilisation des co\u00fbts de configur<span class=\"_ _0\"></span>ation <span class=\"ls5e ws5e\">et </span>de personnalisation d\u2019un logiciel Saas.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-63-3": {
   "value": "3.2<span class=\"_ _2c\"> </span>Produits des activit\u00e9s or<span class=\"_ _0\"></span>dinaires tir\u00e9s de contrats conclus av<span class=\"_ _0\"></span>ec des clientsSelon <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>15, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transfert de <span class=\"_ _60\"> </span>biens <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _60\"> </span>promis <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>clients <span class=\"_ _61\"> </span>pour <span class=\"_ _64\"> </span>des <span class=\"_ _61\"> </span>montants <span class=\"_ _64\"> </span>qui correspondent \u00e0 la contrepartie \u00e0 laquelle une entit\u00e9 s'attend \u00e0 av<span class=\"_ _0\"></span>oir droit en \u00e9change de ces biens et services.Lorsque <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9alis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>obligation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>performance ou <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _37\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>passif <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>est constat\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>bilan. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>out <span class=\"_ _3b\"></span>droit <span class=\"_ _3b\"></span>inconditionnel <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>paiement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9 s\u00e9par\u00e9ment en cr\u00e9ance client.Segment Maison Connect\u00e9eLe <span class=\"_ _66\"> </span>segment <span class=\"_ _4c\"> </span>Maison <span class=\"_ _66\"> </span>Connect\u00e9e <span class=\"_ _4c\"> </span>o\ue61fre <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>gamme <span class=\"_ _4c\"> </span>compl\u00e8te <span class=\"_ _66\"> </span>de terminaux <span class=\"_ _3b\"></span>domestiques <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>d\u00e9veloppe \u00e9galement <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>solutions <span class=\"_ _65\"> </span>logicielles. <span class=\"_ _65\"> </span>Les <span class=\"_ _65\"> </span>contrats <span class=\"_ _65\"> </span>sign\u00e9s <span class=\"_ _65\"> </span>n'ont <span class=\"_ _65\"> </span>pas d'obligation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_ _44\"> </span>multiple <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>il <span class=\"_ _44\"> </span>n'y <span class=\"_ _44\"> </span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>variable dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>temps. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>logiciels <span class=\"_ _44\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>modems <span class=\"_\"> </span>ou <span class=\"_ _37\"> </span>les <span class=\"_ _47\"> </span>d\u00e9codeurs num\u00e9riques <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>sp\u00e9cifiques <span class=\"_ _62\"> </span>\u00e0 <span class=\"_ _62\"> </span>chaque <span class=\"_ _62\"> </span>client <span class=\"_ _62\"> </span>et <span class=\"_ _63\"> </span>ne <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>pas commercialis\u00e9s <span class=\"_ _3\"></span>s\u00e9par\u00e9ment. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>revenus <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>des biens.Segment Solutions Logistiques (SCS)Notre <span class=\"_ _46\"> </span>division <span class=\"_ _61\"> </span>Solution <span class=\"_ _61\"> </span>Logistiques <span class=\"_ _46\"> </span>o\ue61fre <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>solutions <span class=\"_ _61\"> </span>cl\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _46\"> </span>main d\u2019<span class=\"_ _0\"></span>approvisionnement <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>services, <span class=\"_ _3b\"></span>incluant <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>mastering, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9plication, l\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>travers <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>distincts <span class=\"_ _3\"></span>(un <span class=\"_ _3b\"></span>contrat de <span class=\"_ _3\"></span>r\u00e9plication et <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>distribution). <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>variable sur <span class=\"_ _3\"></span>la dur\u00e9e <span class=\"_ _61\"> </span>du <span class=\"_ _64\"> </span>contrat, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>revenus <span class=\"_ _60\"> </span>sont <span class=\"_ _60\"> </span>ajust\u00e9s <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>anticiper <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>remise probable<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>divisions, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>de la livraison des services.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>deux divisions, <span class=\"_ _3\"></span>le chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires est <span class=\"_ _3\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>livraison des services.3.2.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Chiffre d\u2019<span class=\"_ _1\"></span>affairesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019IFRS\ue61d15 <span class=\"_ _3b\"></span><span class=\"ff9b1\">\u2012<span class=\"_ _3\"></span></span> Produits <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>ordinair<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>tir\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>contrats <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>clients, <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019a\ue61f<span class=\"_ _0\"></span>aires <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>poursuivies <span class=\"_ _3\"></span>se <span class=\"_ _3b\"></span>r\u00e9partit <span class=\"_ _3\"></span>par </span>m\u00e9thode de reconnaissance des revenus de la f<span class=\"_ _0\"></span>a\u00e7on suivante\ue61d:31\ue662d\u00e9cembre Maison Corporat<span class=\"_ _0\"></span>e31\ue662d\u00e9cembre (en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)2022Connect\u00e9e<span class=\"_ _1da\"> </span><span class=\"ls66 ws66\">SCS</span>&amp;\ue662Autres2021\ue662*Revenus reconnus \u00e0 la livr<span class=\"_ _0\"></span>aison des biens et ser<span class=\"_ _3\"></span>vices<span class=\"_ _171\"> </span>2\ue61d775<span class=\"_ _8a\"> </span>2\ue61d120<span class=\"_ _193\"> </span><span class=\"ls70 ws70\">6<span class=\"_ _3\"></span>55<span class=\"_ _1cf\"> </span></span>-<span class=\"_ _180\"> </span>2\ue61d245Revenus des brev<span class=\"_ _0\"></span>ets<span class=\"_ _217\"> </span>1<span class=\"_ _1cf\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>1<span class=\"_ _23f\"> </span>5REVENUS DES ACTIVIT\u00c9S POURSUIVIES<span class=\"_ _cd\"> </span>2\ue66277<span class=\"_ _0\"></span>6<span class=\"_ _ae\"> </span>2\ue662120<span class=\"_ _185\"> </span><span class=\"ls70 ws70\">655<span class=\"_ _1cf\"> </span></span><span class=\"ff9b4\">1<span class=\"_ _5c\"> </span></span>2\ue662250* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dInformation sur les principaux clientsLes <span class=\"_ _37\"> </span>trois <span class=\"_ _44\"> </span>principaux <span class=\"_ _44\"> </span>clients <span class=\"_ _44\"> </span>repr\u00e9sentent <span class=\"_ _37\"> </span>35\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _37\"> </span>consolid\u00e9 <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>(985\ue61dmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os) <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>34\ue61d% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires consolid\u00e9 du Groupe au 31\ue61dd\u00e9cembr<span class=\"_ _0\"></span>e 2021 (<span class=\"_ _3\"></span>754\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros).Autres informations par zone g\u00e9ographiqueRoyaume-Reste de \u00c9tats<span class=\"_ _0\"></span>-Reste de Asie-(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)Fr<span class=\"_ _0\"></span>anceUnil\u2019Eur<span class=\"_ _0\"></span>opeUnisl\u2019<span class=\"_ _f\"></span>Am\u00e9riquePaci\ue75cque<span class=\"_ _7b\"> </span><span class=\"ff9b3 fcc\">TOTAL</span>Chi\ue75bre d\u2019<span class=\"_ _0\"></span>a\ue75baires<span class=\"_ _a0\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _194\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _191\"> </span>\ue662<span class=\"_ _185\"> </span>\ue662<span class=\"_ _194\"> </span>\ue6622022<span class=\"_ _13e\"> </span>456<span class=\"_ _c2\"> </span>18<span class=\"_ _189\"> </span>117<span class=\"_ _27\"> </span>1\ue61d523<span class=\"_ _188\"> </span>419<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3<span class=\"_ _11\"> </span></span>2\ue61d7762021\ue61d*<span class=\"_ _5d\"> </span>427<span class=\"_ _c8\"> </span>22<span class=\"_ _a7\"> </span>115<span class=\"_ _8c\"> </span>1\ue61d191<span class=\"_ _188\"> </span>333<span class=\"_ _ac\"> </span>162<span class=\"_ _26\"> </span>2\ue61d250Actifs sectoriels<span class=\"_ _142\"> </span><span class=\"ff9b0\">\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d<span class=\"_ _191\"> </span>\ue61d</span>2022<span class=\"_ _13e\"> </span>694<span class=\"_ _5c\"> </span>20<span class=\"_ _5c\"> </span>50<span class=\"_ _ab\"> </span>923<span class=\"_ _69\"> </span>258<span class=\"_ _5c\"> </span>80<span class=\"_ _84\"> </span>2\ue61d0252021\ue61d*<span class=\"_ _170\"> </span>564<span class=\"_ _89\"> </span>25<span class=\"_ _5c\"> </span>49<span class=\"_ _188\"> </span>927<span class=\"_ _188\"> </span>232<span class=\"_ _c2\"> </span>77<span class=\"_ _2c9\"> </span>1\ue61d875* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61dLe <span class=\"ls0 ws0\">chi\ue61fre d\u2019<span class=\"_ _0\"></span>a\ue61faires est pr\u00e9sent\u00e9 en fonction de la situation g\u00e9ogr<span class=\"_ _0\"></span>aphique de la soci\u00e9t\u00e9 qui \u00e9met la facture.</span>4.2.2<span class=\"_ _10d\"> </span>Relations contractuelles avec les clients<span class=\"_ _0\"></span>, brevets et autres immobilisations incorpor<span class=\"_ _0\"></span>ellesBrevets &amp; autres T<span class=\"_ _23\"></span>otal des immobilisations immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Marques<span class=\"_ _4f\"> </span>Relations clientsincorporellesincorporelleserAu 1<span class=\"_ _6f\"> </span><span class=\"ff9e2\">\ue662janvier 2021, net\ue662*<span class=\"_ _e1\"> </span><span class=\"ls53 ws53\">242<span class=\"_ _19b\"> </span></span>114<span class=\"_ _1cf\"> </span></span>171<span class=\"_ _17e\"> </span><span class=\"ff9e2\">526</span>Brut<span class=\"_ _252\"> </span>250<span class=\"_ _19b\"> </span>333<span class=\"_ _17e\"> </span>850<span class=\"_ _178\"> </span>1\ue61f433Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(8)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>219)<span class=\"_ _9a\"> </span>(679)<span class=\"_ _d5\"> </span>(907)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>17<span class=\"_ _158\"> </span>8<span class=\"_ _231\"> </span>12<span class=\"_ _156\"> </span>37Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _251\"> </span>52<span class=\"_ _251\"> </span>52Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _154\"> </span>(30)<span class=\"_ _9\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75)<span class=\"_ _1a4\"> </span></span>(104)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e3\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>2)Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _250\"> </span>258<span class=\"_ _33\"> </span>92<span class=\"_ _17e\"> </span>160<span class=\"_ _17e\"> </span>510Brut<span class=\"_ _303\"> </span>267<span class=\"_ _184\"> </span>358<span class=\"_ _19b\"> </span>916<span class=\"_ _1b5\"> </span>1\ue61f541Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(9)<span class=\"_ _74\"> </span>(266)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>756)<span class=\"_ _7a\"> </span>(1\ue61f032)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>13<span class=\"_ _158\"> </span>6<span class=\"_ _158\"> </span>9<span class=\"_ _82\"> </span>28Acquisitions des activit\u00e9s poursuivies<span class=\"_ _5d\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _82\"> </span>49<span class=\"_ _5\"> </span>49Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2a4\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _91\"> </span>18<span class=\"_ _91\"> </span>18Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _1d\"> </span>(28)<span class=\"_ _1d\"> </span>(68)<span class=\"_ _1d\"> </span>(96)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _2af\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _30\"> </span>(3)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _2c5\"> </span>(<span class=\"_ _3\"></span>271)<span class=\"_ _1d\"> </span>(45)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>342)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _24c\"> </span><span class=\"ff9e1\">-<span class=\"_ _82\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _184\"> </span></span>138<span class=\"_ _23f\"> </span>163Brut<span class=\"_ _209\"> </span>-<span class=\"_ _184\"> </span><span class=\"ls70 ws70\">270<span class=\"_ _19b\"> </span></span>735<span class=\"_ _74\"> </span>1\ue61f005Amortissements cumul\u00e9s<span class=\"_ _29e\"> </span>-<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>246)<span class=\"_ _9e\"> </span>(597)<span class=\"_ _9e\"> </span>(843)* Les ouvertures 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>re<span class=\"_ _0\"></span>trait\u00e9s suite \u00e0 la d\u00e9cision de l\u2019IFRS IC d\u2019<span class=\"_ _0\"></span>avril\ue61f2021, pr\u00e9cisant la comptabilisation des co\u00fbts de configur<span class=\"_ _0\"></span>ation <span class=\"ls5e ws5e\">et </span>de personnalisation d\u2019un logiciel Saas.\ue61f5.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7f\"> </span><span class=\"ls0 ws0\">Actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation non courants</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa15 fc1\">2021</span>A<span class=\"_ _0\"></span>vances sur contrats clients et remises pay\u00e9es d\u2019<span class=\"_ _1\"></span>avance<span class=\"_ _19f\"> </span>5<span class=\"_ _b7\"> </span>6Autres<span class=\"_ _315\"> </span>9<span class=\"_ _1a3\"> </span>29AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTS<span class=\"_ _1cd\"> </span>15<span class=\"_ _1a3\"> </span>35Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _2b8\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Autres<span class=\"_ _1ac\"> </span>(2)<span class=\"_ _11b\"> </span>(16)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTES<span class=\"_ _316\"> </span>(5)<span class=\"_ _12c\"> </span>(19)D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"> </span>normal <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>activit\u00e9s, <span class=\"_ _37\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>au <span class=\"_ _44\"> </span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>segment solutions <span class=\"_ _65\"> </span>logistiques, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>accorde <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>ses <span class=\"_ _65\"> </span>clients <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>avances <span class=\"_ _65\"> </span>de tr\u00e9sorerie <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>remises <span class=\"_ _3b\"></span>pay\u00e9es <span class=\"_ _3\"></span>d\u2019av<span class=\"_ _0\"></span>ance. <span class=\"_ _3b\"></span>Celles<span class=\"ffa16\">\u2011</span>ci <span class=\"_ _3\"></span>font <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _3b\"></span>partie d\u2019une <span class=\"_ _3b\"></span>relation <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>contrat <span class=\"_ _3b\"></span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>peuvent <span class=\"_ _3b\"></span>prendre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>formes vari\u00e9es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>avances <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>contrats <span class=\"_\"> </span>clients <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>princip<span class=\"_ _0\"></span>alement <span class=\"_\"> </span>vers\u00e9es <span class=\"_ _44\"> </span>en contrepartie d\u2019<span class=\"_ _0\"></span>engagements vari\u00e9s pris par <span class=\"_ _3\"></span>les clients sur <span class=\"_ _3\"></span>toute la dur\u00e9e des contrats<span class=\"_ _0\"></span>. <span class=\"_ _60\"> </span>Ces <span class=\"_ _61\"> </span>contrats <span class=\"_ _46\"> </span>donnent <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>Groupe <span class=\"_ _61\"> </span>un <span class=\"_ _61\"> </span>droit <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>prestation <span class=\"_ _46\"> </span>de service <span class=\"_ _66\"> </span>sur <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>zone <span class=\"_ _66\"> </span>g\u00e9ographique <span class=\"_ _65\"> </span>sp\u00e9cifique <span class=\"_ _66\"> </span>et <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9econtractuelle (en <span class=\"_ _3\"></span>g\u00e9n\u00e9ral <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>cinq <span class=\"_ _3\"></span>ans). <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>comprennent <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>qui d\u00e9finissent <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>tarif <span class=\"_ _37\"> </span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>volumes <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>services <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"></span>fournir<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>autres termes et conditions.Ces <span class=\"_ _65\"> </span>paiements <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>avances <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s <span class=\"_ _65\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>\u00ab\ue61fA<span class=\"_ _0\"></span>ctifs <span class=\"_ _65\"> </span>non courants\ue61f\u00bb, <span class=\"_ _3\"></span>enregistr\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61fA<span class=\"_ _0\"></span>vances <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>contrats <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>remises <span class=\"_ _3\"></span>pay\u00e9es d\u2019<span class=\"_ _0\"></span>avance\ue61f\u00bb <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>amortis <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9duction <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61dre <span class=\"_ _44\"> </span>d\u2019a\ue61d<span class=\"_ _0\"></span>aires, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _47\"> </span>des unit\u00e9s produites ou de l\u2019<span class=\"_ _0\"></span>avancement du traitement des films<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-64-4": {
   "value": "Selon <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS <span class=\"_ _3b\"></span>15, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>transfert de <span class=\"_ _60\"> </span>biens <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>services <span class=\"_ _60\"> </span>promis <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>clients <span class=\"_ _61\"> </span>pour <span class=\"_ _64\"> </span>des <span class=\"_ _61\"> </span>montants <span class=\"_ _64\"> </span>qui correspondent \u00e0 la contrepartie \u00e0 laquelle une entit\u00e9 s'attend \u00e0 av<span class=\"_ _0\"></span>oir droit en \u00e9change de ces biens et services.Lorsque <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9alis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>obligation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>performance ou <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _37\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>passif <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>est constat\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>bilan. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>out <span class=\"_ _3b\"></span>droit <span class=\"_ _3b\"></span>inconditionnel <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>paiement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9 s\u00e9par\u00e9ment en cr\u00e9ance client.Segment Maison Connect\u00e9eLe <span class=\"_ _66\"> </span>segment <span class=\"_ _4c\"> </span>Maison <span class=\"_ _66\"> </span>Connect\u00e9e <span class=\"_ _4c\"> </span>o\ue61fre <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>gamme <span class=\"_ _4c\"> </span>compl\u00e8te <span class=\"_ _66\"> </span>de terminaux <span class=\"_ _3b\"></span>domestiques <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>solutions <span class=\"_ _3b\"></span>vid\u00e9o <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>haut <span class=\"_ _3b\"></span>d\u00e9bit <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>d\u00e9veloppe \u00e9galement <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>solutions <span class=\"_ _65\"> </span>logicielles. <span class=\"_ _65\"> </span>Les <span class=\"_ _65\"> </span>contrats <span class=\"_ _65\"> </span>sign\u00e9s <span class=\"_ _65\"> </span>n'ont <span class=\"_ _65\"> </span>pas d'obligation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_ _44\"> </span>multiple <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>il <span class=\"_ _44\"> </span>n'y <span class=\"_ _44\"> </span>a <span class=\"_ _37\"> </span>pas <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_ _44\"> </span>variable dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>temps. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>logiciels <span class=\"_ _44\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>modems <span class=\"_\"> </span>ou <span class=\"_ _37\"> </span>les <span class=\"_ _47\"> </span>d\u00e9codeurs num\u00e9riques <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>sp\u00e9cifiques <span class=\"_ _62\"> </span>\u00e0 <span class=\"_ _62\"> </span>chaque <span class=\"_ _62\"> </span>client <span class=\"_ _62\"> </span>et <span class=\"_ _63\"> </span>ne <span class=\"_ _62\"> </span>sont <span class=\"_ _62\"> </span>pas commercialis\u00e9s <span class=\"_ _3\"></span>s\u00e9par\u00e9ment. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>revenus <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>des biens.Segment Solutions Logistiques (SCS)Notre <span class=\"_ _46\"> </span>division <span class=\"_ _61\"> </span>Solution <span class=\"_ _61\"> </span>Logistiques <span class=\"_ _46\"> </span>o\ue61fre <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>solutions <span class=\"_ _61\"> </span>cl\u00e9s <span class=\"_ _61\"> </span>en <span class=\"_ _46\"> </span>main d\u2019<span class=\"_ _0\"></span>approvisionnement <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>services, <span class=\"_ _3b\"></span>incluant <span class=\"_ _37\"> </span>le <span class=\"_ _37\"></span>mastering, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9plication, l\u2019<span class=\"_ _0\"></span>emballage <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>travers <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>distincts <span class=\"_ _3\"></span>(un <span class=\"_ _3b\"></span>contrat de <span class=\"_ _3\"></span>r\u00e9plication et <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>distribution). <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>variable sur <span class=\"_ _3\"></span>la dur\u00e9e <span class=\"_ _61\"> </span>du <span class=\"_ _64\"> </span>contrat, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>revenus <span class=\"_ _60\"> </span>sont <span class=\"_ _60\"> </span>ajust\u00e9s <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>anticiper <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>remise probable<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>deux <span class=\"_ _3b\"></span>divisions, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3b\"></span>de la livraison des services.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>deux divisions, <span class=\"_ _3\"></span>le chi\ue61fre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61faires est <span class=\"_ _3\"></span>constat\u00e9 <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>livraison des services.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-68-2": {
   "value": "3.3<span class=\"_ _81\"> </span>Pr<span class=\"_ _0\"></span>oduits et charges d\u2019<span class=\"_ _1\"></span>exploitation3.3.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Frais de r<span class=\"_ _0\"></span>echerche et d\u00e9veloppementExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais de recherche et de d\u00e9veloppement, bruts<span class=\"_ _120\"> </span>(87)<span class=\"_ _12c\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)</span>Projets de d\u00e9veloppement inscrits en immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _2f9\"> </span>35<span class=\"_ _e4\"> </span>30Amortissement des actifs incorporels de d\u00e9veloppement<span class=\"_ _2b7\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _12c\"> </span>(39)FRAIS DE RECHERCHE ET DE D\u00c9VEL<span class=\"_ _1\"></span>OPPEMENT<span class=\"_ _1\"></span>, NETS DES SUBVENTIONS<span class=\"_ _285\"> </span>(89)<span class=\"_ _e5\"> </span>(84)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.3.3.2<span class=\"_ _c0\"> </span>F<span class=\"_ _0\"></span>rais commerciaux et administratifsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais commerciaux et de marketing<span class=\"_ _26e\"> </span>(81)<span class=\"_ _12c\"> </span>(<span class=\"_ _0\"></span>69)Fr<span class=\"_ _0\"></span>ais g\u00e9n\u00e9raux et administratifs<span class=\"_ _2fa\"> </span>(124)<span class=\"_ _153\"> </span>(113)FRAIS COMMER<span class=\"_ _0\"></span>CIAUX ET DE MARKETING<span class=\"_ _119\"> </span>(<span class=\"_ _3\"></span>205)<span class=\"_ _e7\"> </span>(182)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.3.3.3<span class=\"_ _c0\"> </span>Autres produitsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Plus values de cession d\u2019<span class=\"_ _0\"></span>actifs nettes<span class=\"_ _155\"> </span>-<span class=\"_ _10\"> </span>23Litiges et autres<span class=\"_ _2fb\"> </span>(13)<span class=\"_ _292\"> </span>(13)AUTRES PRODUIT<span class=\"_ _0\"></span>S<span class=\"_ _14d\"> </span>(13)<span class=\"_ _f0\"> </span>11* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.Les <span class=\"_ _3b\"></span>litiges <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>autres <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>incluent <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>plan d\u2019investissement <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>long <span class=\"_\"> </span>terme <span class=\"_ _61\"> </span>(L<span class=\"_ _f\"></span>TIP) <span class=\"_ _61\"> </span>2020 <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>4\ue61fmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _46\"> </span>les autres <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>induits <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>Distribution <span class=\"_ _37\"></span>pour <span class=\"_ _37\"> </span>3\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>diverses charges li\u00e9es \u00e0 des litiges en cours<span class=\"_ _0\"></span>.Au <span class=\"_ _28\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2021, <span class=\"_ _28\"> </span>les <span class=\"_ _62\"> </span>plus<span class=\"ff9be\">\u2011</span>values <span class=\"_ _28\"> </span>de <span class=\"_ _62\"> </span>cession <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _62\"> </span>nettes comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>recyclage <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>r\u00e9serves <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_\"> </span>en r\u00e9sultat pour <span class=\"_ _3\"></span>un montant <span class=\"_ _3\"></span>de 22\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en application <span class=\"_ _3\"></span>d\u2019IAS\ue61f21. <span class=\"ls4 ws4\">Ce<span class=\"_ _3\"></span> </span>recyclage <span class=\"_ _60\"> </span>provient <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>arr\u00eat <span class=\"_ _64\"> </span>des <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>filiale <span class=\"_ _64\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 Singapour qui d\u00e9tenait historiquement les activit\u00e9s asiatiques du Groupe<span class=\"_ _0\"></span>.Les litiges et autres au 31\ue61fd\u00e9cembre 2021 incluent notamment une dotation pour litiges du segment <span class=\"ff9bd\">Corpor<span class=\"_ _0\"></span>ate<span class=\"ff9bf\"> &amp; Autres.</span></span>Note 5<span class=\"_ _85\"> </span>Autres informations op\u00e9r<span class=\"_ _0\"></span>ationnelles5<span class=\"_ _3\"></span>.1<span class=\"_ _87\"> </span><span class=\"ls0 ws0\">Actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-3": {
   "value": "3.3.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Frais de r<span class=\"_ _0\"></span>echerche et d\u00e9veloppementExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais de recherche et de d\u00e9veloppement, bruts<span class=\"_ _120\"> </span>(87)<span class=\"_ _12c\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)</span>Projets de d\u00e9veloppement inscrits en immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _2f9\"> </span>35<span class=\"_ _e4\"> </span>30Amortissement des actifs incorporels de d\u00e9veloppement<span class=\"_ _2b7\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _12c\"> </span>(39)FRAIS DE RECHERCHE ET DE D\u00c9VEL<span class=\"_ _1\"></span>OPPEMENT<span class=\"_ _1\"></span>, NETS DES SUBVENTIONS<span class=\"_ _285\"> </span>(89)<span class=\"_ _e5\"> </span>(84)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.3.3.2<span class=\"_ _c0\"> </span>F<span class=\"_ _0\"></span>rais commerciaux et administratifsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais commerciaux et de marketing<span class=\"_ _26e\"> </span>(81)<span class=\"_ _12c\"> </span>(<span class=\"_ _0\"></span>69)Fr<span class=\"_ _0\"></span>ais g\u00e9n\u00e9raux et administratifs<span class=\"_ _2fa\"> </span>(124)<span class=\"_ _153\"> </span>(113)FRAIS COMMER<span class=\"_ _0\"></span>CIAUX ET DE MARKETING<span class=\"_ _119\"> </span>(<span class=\"_ _3\"></span>205)<span class=\"_ _e7\"> </span>(182)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-4": {
   "value": "3.3.<span class=\"_ _0\"></span>1<span class=\"_ _6e\"> </span>Frais de r<span class=\"_ _0\"></span>echerche et d\u00e9veloppementExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais de recherche et de d\u00e9veloppement, bruts<span class=\"_ _120\"> </span>(87)<span class=\"_ _12c\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)</span>Projets de d\u00e9veloppement inscrits en immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _2f9\"> </span>35<span class=\"_ _e4\"> </span>30Amortissement des actifs incorporels de d\u00e9veloppement<span class=\"_ _2b7\"> </span>(<span class=\"_ _3\"></span>37)<span class=\"_ _12c\"> </span>(39)FRAIS DE RECHERCHE ET DE D\u00c9VEL<span class=\"_ _1\"></span>OPPEMENT<span class=\"_ _1\"></span>, NETS DES SUBVENTIONS<span class=\"_ _285\"> </span>(89)<span class=\"_ _e5\"> </span>(84)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-70-4": {
   "value": "3.3.2<span class=\"_ _c0\"> </span>F<span class=\"_ _0\"></span>rais commerciaux et administratifsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Fr<span class=\"_ _0\"></span>ais commerciaux et de marketing<span class=\"_ _26e\"> </span>(81)<span class=\"_ _12c\"> </span>(<span class=\"_ _0\"></span>69)Fr<span class=\"_ _0\"></span>ais g\u00e9n\u00e9raux et administratifs<span class=\"_ _2fa\"> </span>(124)<span class=\"_ _153\"> </span>(113)FRAIS COMMER<span class=\"_ _0\"></span>CIAUX ET DE MARKETING<span class=\"_ _119\"> </span>(<span class=\"_ _3\"></span>205)<span class=\"_ _e7\"> </span>(182)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-3": {
   "value": "3.3.3<span class=\"_ _c0\"> </span>Autres produitsExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9c1 fc1\">2021\ue662*</span>Plus values de cession d\u2019<span class=\"_ _0\"></span>actifs nettes<span class=\"_ _155\"> </span>-<span class=\"_ _10\"> </span>23Litiges et autres<span class=\"_ _2fb\"> </span>(13)<span class=\"_ _292\"> </span>(13)AUTRES PRODUIT<span class=\"_ _0\"></span>S<span class=\"_ _14d\"> </span>(13)<span class=\"_ _f0\"> </span>11* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.Les <span class=\"_ _3b\"></span>litiges <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>autres <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>incluent <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>plan d\u2019investissement <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>long <span class=\"_\"> </span>terme <span class=\"_ _61\"> </span>(L<span class=\"_ _f\"></span>TIP) <span class=\"_ _61\"> </span>2020 <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>4\ue61fmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os, <span class=\"_ _46\"> </span>les autres <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>induits <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>Distribution <span class=\"_ _37\"></span>pour <span class=\"_ _37\"> </span>3\ue61fmillions <span class=\"_ _37\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>diverses charges li\u00e9es \u00e0 des litiges en cours<span class=\"_ _0\"></span>.Au <span class=\"_ _28\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2021, <span class=\"_ _28\"> </span>les <span class=\"_ _62\"> </span>plus<span class=\"ff9be\">\u2011</span>values <span class=\"_ _28\"> </span>de <span class=\"_ _62\"> </span>cession <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _62\"> </span>nettes comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>recyclage <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>r\u00e9serves <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion <span class=\"_\"> </span>en r\u00e9sultat pour <span class=\"_ _3\"></span>un montant <span class=\"_ _3\"></span>de 22\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en application <span class=\"_ _3\"></span>d\u2019IAS\ue61f21. <span class=\"ls4 ws4\">Ce<span class=\"_ _3\"></span> </span>recyclage <span class=\"_ _60\"> </span>provient <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>arr\u00eat <span class=\"_ _64\"> </span>des <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>filiale <span class=\"_ _64\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 Singapour qui d\u00e9tenait historiquement les activit\u00e9s asiatiques du Groupe<span class=\"_ _0\"></span>.Les litiges et autres au 31\ue61fd\u00e9cembre 2021 incluent notamment une dotation pour litiges du segment <span class=\"ff9bd\">Corpor<span class=\"_ _0\"></span>ate<span class=\"ff9bf\"> &amp; Autres.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-72-3": {
   "value": "Les autres pr<span class=\"_ _0\"></span>oduits sont d\u00e9finis selon la recommandation 2013<span class=\"ff9be\">\u2011</span>03 du CNC relative au format des \u00e9tats financiers consolid\u00e9s pr\u00e9par\u00e9s selon les normes comptables <span class=\"_ _44\"> </span>internationales <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>incluent <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>significatifs <span class=\"_ _44\"> </span>qui, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>raison <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>nature <span class=\"_ _37\"> </span>exceptionnelle, <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>peuvent <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>consid\u00e9r\u00e9s <span class=\"_ _44\"> </span>comme inh\u00e9rents <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3b\"></span>courantes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3b\"></span></span>s\u2019agit <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>cessions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>consolid\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>int\u00e9gration globale, des co\u00fbts <span class=\"_ _3\"></span>engag\u00e9s <span class=\"_ _3\"></span>ou estim\u00e9s <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>des litiges <span class=\"_ _3\"></span>importants, ainsi <span class=\"_ _3\"></span>que des <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>li\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019IFRS\ue61f3 r\u00e9vis\u00e9e <span class=\"_ _3\"></span>et \u00e0 <span class=\"_ _3\"></span>l\u2019IAS\ue61f27 r\u00e9vis\u00e9e, comme <span class=\"_ _3\"></span>les co\u00fbts d\u2019<span class=\"_ _0\"></span>acquisition et les changements dans les compl\u00e9ments de prix li\u00e9s aux regroupements d\u2019<span class=\"_ _1\"></span>entreprises.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-76-2": {
   "value": "3<span class=\"_ _3\"></span>.4<span class=\"_ _2c\"> </span><span class=\"ls0 ws0\">Pr<span class=\"_ _0\"></span>oduits (charges) financiers nets</span>Exercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9ca fc1\">2021\ue662*</span>Produits d\u2019int\u00e9r\u00eats<span class=\"_ _216\"> </span>1<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats<span class=\"_ _2fc\"> </span>(168)<span class=\"_ _151\"> </span>(116)Charges d\u2019int\u00e9r\u00eats nettes<span class=\"_ _2fd\"> </span>(167)<span class=\"_ _1e\"> </span>(116)Composante financi\u00e8re des charges li\u00e9es aux plans de r<span class=\"_ _0\"></span>etraites<span class=\"_ _a5\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _129\"> </span></span>(<span class=\"_ _3\"></span>2)Gain / (perte) de change<span class=\"_ _2fe\"> </span>4<span class=\"_ _19\"> </span>-Autres<span class=\"_ _2ff\"> </span>(10)<span class=\"_ _19\"> </span>1Autres charges \ue75cnanci\u00e8res nettes<span class=\"_ _1e5\"> </span><span class=\"ff9cb\">(10)<span class=\"_ _c\"> </span>(1)</span>PRODUIT<span class=\"_ _0\"></span>S (CHARGES) FINANCIERS NETS<span class=\"_ _2b0\"> </span>(177)<span class=\"_ _53\"> </span>(117)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">2022, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats comprennent <span class=\"_ _3\"></span>70\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di\ue61d\u00e9rence <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>nominale <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette de <span class=\"_ _3\"></span>Sauvegarde </span>et sa juste valeur initiale dont 63\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros ont \u00e9t\u00e9 acc\u00e9l\u00e9r\u00e9s pour le r<span class=\"_ _0\"></span>efinancement.Les autres char<span class=\"_ _0\"></span>ges financi\u00e8res correspondent \u00e0 hauteur de 5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros aux frais encourus par le Groupe pour son r<span class=\"_ _0\"></span>efinancement.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-76-3": {
   "value": "3<span class=\"_ _3\"></span>.4<span class=\"_ _2c\"> </span><span class=\"ls0 ws0\">Pr<span class=\"_ _0\"></span>oduits (charges) financiers nets</span>Exercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ff9ca fc1\">2021\ue662*</span>Produits d\u2019int\u00e9r\u00eats<span class=\"_ _216\"> </span>1<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats<span class=\"_ _2fc\"> </span>(168)<span class=\"_ _151\"> </span>(116)Charges d\u2019int\u00e9r\u00eats nettes<span class=\"_ _2fd\"> </span>(167)<span class=\"_ _1e\"> </span>(116)Composante financi\u00e8re des charges li\u00e9es aux plans de r<span class=\"_ _0\"></span>etraites<span class=\"_ _a5\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _129\"> </span></span>(<span class=\"_ _3\"></span>2)Gain / (perte) de change<span class=\"_ _2fe\"> </span>4<span class=\"_ _19\"> </span>-Autres<span class=\"_ _2ff\"> </span>(10)<span class=\"_ _19\"> </span>1Autres charges \ue75cnanci\u00e8res nettes<span class=\"_ _1e5\"> </span><span class=\"ff9cb\">(10)<span class=\"_ _c\"> </span>(1)</span>PRODUIT<span class=\"_ _0\"></span>S (CHARGES) FINANCIERS NETS<span class=\"_ _2b0\"> </span>(177)<span class=\"_ _53\"> </span>(117)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">2022, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats comprennent <span class=\"_ _3\"></span>70\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>di\ue61d\u00e9rence <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>nominale <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette de <span class=\"_ _3\"></span>Sauvegarde </span>et sa juste valeur initiale dont 63\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros ont \u00e9t\u00e9 acc\u00e9l\u00e9r\u00e9s pour le r<span class=\"_ _0\"></span>efinancement.Les autres char<span class=\"_ _0\"></span>ges financi\u00e8res correspondent \u00e0 hauteur de 5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros aux frais encourus par le Groupe pour son r<span class=\"_ _0\"></span>efinancement.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-78-2": {
   "value": "4<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>carts d\u2019<span class=\"_ _1\"></span>acquisition</span>Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ff9d3\">\u2011</span>dessous pr\u00e9sente la r\u00e9partition entre chaque U<span class=\"_ _0\"></span>nit\u00e9 G\u00e9n\u00e9ratrice de T<span class=\"_ _f\"></span>r\u00e9sorerie (UGT) des montants d\u2019<span class=\"_ _0\"></span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition les plus importants et </span>re\ufb02\u00e8te l\u2019<span class=\"_ _0\"></span>organisation au 31\ue61ed\u00e9cembre 2022. (v<span class=\"_ _0\"></span>oir note 4.5 pour plus de d\u00e9tails sur les tests de d\u00e9pr\u00e9ciation).T<span class=\"_ _23\"></span>echnicolor Maison (en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Creative StudiosConnect\u00e9e<span class=\"_ _1ee\"> </span><span class=\"ls66 ws66\">SC<span class=\"_ _3\"></span>S<span class=\"_ _178\"> </span></span>T<span class=\"_ _23\"></span>otalerAu 1<span class=\"_ _6f\"> </span><span class=\"ff9d5\">\ue662janvier 2021, net<span class=\"_ _10c\"> </span></span><span class=\"ls55 ws55\">1<span class=\"_ _3\"></span>74<span class=\"_ _9\"> </span></span><span class=\"ff9d5\">400<span class=\"_ _184\"> </span>142<span class=\"_ _184\"> </span></span>716\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>12<span class=\"_ _82\"> </span>34<span class=\"_ _1c6\"> </span>11<span class=\"_ _251\"> </span>57Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _114\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _301\"> </span>(1)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _143\"> </span><span class=\"ff9d4\">185<span class=\"_ _17e\"> </span>434<span class=\"_ _184\"> </span>153<span class=\"_ _184\"> </span>773</span>\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2f8\"> </span>10<span class=\"_ _251\"> </span>23<span class=\"_ _158\"> </span>8<span class=\"_ _251\"> </span>42Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _302\"> </span>(196)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _97\"> </span>(196)P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _303\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2022, net<span class=\"_ _145\"> </span><span class=\"ff9d4\">-<span class=\"_ _7e\"> </span>458<span class=\"_ _184\"> </span></span>162<span class=\"_ _184\"> </span><span class=\"ff9d4\">619</span>\ue61eLa variation de p\u00e9rim\u00e8tre de 2022 se r<span class=\"_ _0\"></span>\u00e9f\u00e8re \u00e0 la Distribution pr\u00e9sent\u00e9e dans la note 1.4.2<span class=\"_ _c3\"> </span>I<span class=\"_ _0\"></span>mmobilisations incorporellesLes <span class=\"_ _47\"> </span>immobilisations <span class=\"_ _44\"> </span>incorporelles <span class=\"_\"> </span>correspondent <span class=\"_ _44\"> </span>principalement, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>droits <span class=\"_ _66\"> </span>d\u2019utilisation <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>brevets, <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>projets <span class=\"_ _66\"> </span>de d\u00e9veloppement <span class=\"_\"> </span>immobilis\u00e9s <span class=\"_\"> </span>et <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les clients.Les <span class=\"_ _63\"> </span>immobilisations <span class=\"_ _6b\"> </span>incorporelles <span class=\"_ _63\"> </span>acquises <span class=\"_ _6b\"> </span>dans <span class=\"_ _63\"> </span>le <span class=\"_ _6b\"> </span>cadre <span class=\"_ _63\"> </span>d\u2019un regroupement <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>comptabilis\u00e9es <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>la date d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>our les montants <span class=\"_ _3\"></span>significatifs, V<span class=\"_ _f\"></span>antiva s\u2019appuie sur des \u00e9valuateurs <span class=\"_ _65\"> </span>ind\u00e9pendants <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>d\u00e9terminer <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>juste <span class=\"_ _65\"> </span>valeur <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>ces immobilisations <span class=\"_ _3b\"></span>incorporelles. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>acquises s\u00e9par\u00e9ment <span class=\"_ _62\"> </span>sont <span class=\"_ _6b\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9es <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _63\"> </span>leur <span class=\"_ _63\"> </span>co\u00fbt <span class=\"_ _63\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _63\"> </span>et <span class=\"_ _63\"> </span>les immobilisations g\u00e9n\u00e9r\u00e9es en interne \u00e0 leur co\u00fbt de production.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>comprend <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _3b\"></span>d\u2019achat <span class=\"_ _3\"></span>major\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tous <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>co\u00fbts </span>associ\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>directement <span class=\"_ _3\"></span>attribuables <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>service de <span class=\"_ _3\"></span>l\u2019immobilisation. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ous <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>co\u00fbts, <span class=\"_ _3b\"></span>y <span class=\"_ _3\"></span>compris <span class=\"_ _3b\"></span>ceux <span class=\"_ _3b\"></span>encourus <span class=\"_ _3\"></span>pour g\u00e9n\u00e9rer certains <span class=\"_ _3\"></span>actifs en <span class=\"_ _3\"></span>interne <span class=\"_ _3\"></span>comme les <span class=\"_ _3\"></span>marques, les listes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>clients et <span class=\"_ _3b\"></span>autres <span class=\"_ _3b\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>similaires, <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment o\u00f9 ils sont encourus.Les immobilisations incorporelles \u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie <span class=\"_ _3\"></span>d\u00e9finie sont <span class=\"_ _3\"></span>amorties sur leur dur\u00e9e d\u2019utilit\u00e9 et sont <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es en cas de perte de <span class=\"_ _3\"></span>valeur identifi\u00e9e. Selon <span class=\"_ _28\"> </span>la <span class=\"_ _28\"> </span>nature <span class=\"_ _6f\"> </span>et <span class=\"_ _28\"> </span>l\u2019utilisation <span class=\"_ _28\"> </span>des <span class=\"_ _28\"> </span>immobilisations <span class=\"_ _28\"> </span>incorporelles, l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>l\u2019un <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>postes suivants\ue61e: <span class=\"_ _44\"> </span>\u00ab\ue61eCo\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019activit\u00e9\ue61e\u00bb, <span class=\"_ _37\"></span>\u00ab\ue61eFrais <span class=\"_ _44\"> </span>commerciaux <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>administratifs\ue61e\u00bb, \u00ab\ue61eAutres <span class=\"_ _20\"> </span>produits <span class=\"_ _d\"> </span>(charges)\ue61e\u00bb <span class=\"_ _20\"> </span>ou <span class=\"_ _20\"> </span>\u00ab\ue61eFr<span class=\"_ _0\"></span>ais <span class=\"_ _20\"> </span>de <span class=\"_ _20\"> </span>recherche <span class=\"_ _20\"> </span>et d\u00e9veloppement\ue61e\u00bb.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>incorporels <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie <span class=\"_ _37\"></span>ind\u00e9finie <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _37\"></span>amortis <span class=\"_ _3b\"></span>mais sont <span class=\"_ _65\"> </span>rattach\u00e9s <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>UG<span class=\"_ _0\"></span>T <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>soumis <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>test <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation annuellement (voir note 4.5).Principe comptable sujet \u00e0 estimations et\ue61fjugementsConcernant <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>d\u00e9finie, <span class=\"_ _3\"></span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>utilis\u00e9es <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vie <span class=\"_ _64\"> </span>attendue <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>actifs <span class=\"_ _64\"> </span>afin <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>leurs <span class=\"_ _64\"> </span>dur\u00e9es d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(ii) <span class=\"_ _37\"></span>constater<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation de la valeur au bilan de ces immobilisations. Les estimations utilis\u00e9es pour d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>indiqu\u00e9es dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>manuel <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>principes <span class=\"_ _3\"></span>comptables <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>appliqu\u00e9es de fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Concernant <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>incorporels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vie <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _61\"> </span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la valeur <span class=\"_ _64\"> </span>recouvrable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _64\"> </span>actifs. <span class=\"_ _64\"> </span>(voir <span class=\"_ _64\"> </span>note <span class=\"_ _64\"> </span>4.5 <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>principes comptables de la perte de valeur sur ces actifs).4.2.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>Mar<span class=\"_ _0\"></span>quesAu <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2021, <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>marques <span class=\"_ _44\"> </span>du <span class=\"_ _47\"> </span>Groupe <span class=\"_ _37\"> </span>ont <span class=\"_ _47\"> </span>une <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>comptable <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>258\ue61fmillions <span class=\"_ _44\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Elles <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>marque \u00ae<span class=\"_ _2d2\"> </span>\u00ae<span class=\"_ _304\"> </span>\u00aeT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _61\"> </span> pour 199\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os, la marque <span class=\"ls4 ws4\">RCA<span class=\"_ _61\"> </span></span> pour 29\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os et la marque The Mill<span class=\"_ _61\"> </span> pour de 22\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os.Les <span class=\"_ _3b\"></span>marques <span class=\"_ _37\"></span>d\u00e9tenues <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>transf\u00e9r\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>Distribution <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>cession <span class=\"_ _37\"> </span>de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques. Au 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022, aucune marque n\u2019<span class=\"_ _0\"></span>est comptabilis\u00e9e dans ses comptes consolid\u00e9s du Groupe.Conform\u00e9ment \u00e0 IAS\ue61f38, la marque V<span class=\"_ _f\"></span>antiva g\u00e9n\u00e9r\u00e9e en interne, les co\u00fbts associ\u00e9s n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 capitalis\u00e9s au 31\ue61fd\u00e9cembre 2022.4.2.2<span class=\"_ _10d\"> </span>Relations contractuelles avec les clients<span class=\"_ _0\"></span>, brevets et autres immobilisations incorpor<span class=\"_ _0\"></span>ellesBrevets &amp; autres T<span class=\"_ _23\"></span>otal des immobilisations immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Marques<span class=\"_ _4f\"> </span>Relations clientsincorporellesincorporelleserAu 1<span class=\"_ _6f\"> </span><span class=\"ff9e2\">\ue662janvier 2021, net\ue662*<span class=\"_ _e1\"> </span><span class=\"ls53 ws53\">242<span class=\"_ _19b\"> </span></span>114<span class=\"_ _1cf\"> </span></span>171<span class=\"_ _17e\"> </span><span class=\"ff9e2\">526</span>Brut<span class=\"_ _252\"> </span>250<span class=\"_ _19b\"> </span>333<span class=\"_ _17e\"> </span>850<span class=\"_ _178\"> </span>1\ue61f433Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(8)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>219)<span class=\"_ _9a\"> </span>(679)<span class=\"_ _d5\"> </span>(907)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>17<span class=\"_ _158\"> </span>8<span class=\"_ _231\"> </span>12<span class=\"_ _156\"> </span>37Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _251\"> </span>52<span class=\"_ _251\"> </span>52Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _154\"> </span>(30)<span class=\"_ _9\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75)<span class=\"_ _1a4\"> </span></span>(104)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e3\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>2)Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _250\"> </span>258<span class=\"_ _33\"> </span>92<span class=\"_ _17e\"> </span>160<span class=\"_ _17e\"> </span>510Brut<span class=\"_ _303\"> </span>267<span class=\"_ _184\"> </span>358<span class=\"_ _19b\"> </span>916<span class=\"_ _1b5\"> </span>1\ue61f541Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(9)<span class=\"_ _74\"> </span>(266)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>756)<span class=\"_ _7a\"> </span>(1\ue61f032)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>13<span class=\"_ _158\"> </span>6<span class=\"_ _158\"> </span>9<span class=\"_ _82\"> </span>28Acquisitions des activit\u00e9s poursuivies<span class=\"_ _5d\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _82\"> </span>49<span class=\"_ _5\"> </span>49Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2a4\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _91\"> </span>18<span class=\"_ _91\"> </span>18Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _1d\"> </span>(28)<span class=\"_ _1d\"> </span>(68)<span class=\"_ _1d\"> </span>(96)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _2af\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _30\"> </span>(3)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _2c5\"> </span>(<span class=\"_ _3\"></span>271)<span class=\"_ _1d\"> </span>(45)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>342)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _24c\"> </span><span class=\"ff9e1\">-<span class=\"_ _82\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _184\"> </span></span>138<span class=\"_ _23f\"> </span>163Brut<span class=\"_ _209\"> </span>-<span class=\"_ _184\"> </span><span class=\"ls70 ws70\">270<span class=\"_ _19b\"> </span></span>735<span class=\"_ _74\"> </span>1\ue61f005Amortissements cumul\u00e9s<span class=\"_ _29e\"> </span>-<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>246)<span class=\"_ _9e\"> </span>(597)<span class=\"_ _9e\"> </span>(843)* Les ouvertures 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>re<span class=\"_ _0\"></span>trait\u00e9s suite \u00e0 la d\u00e9cision de l\u2019IFRS IC d\u2019<span class=\"_ _0\"></span>avril\ue61f2021, pr\u00e9cisant la comptabilisation des co\u00fbts de configur<span class=\"_ _0\"></span>ation <span class=\"ls5e ws5e\">et </span>de personnalisation d\u2019un logiciel Saas.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-78-3": {
   "value": "4<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>carts d\u2019<span class=\"_ _1\"></span>acquisition</span>Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ff9d3\">\u2011</span>dessous pr\u00e9sente la r\u00e9partition entre chaque U<span class=\"_ _0\"></span>nit\u00e9 G\u00e9n\u00e9ratrice de T<span class=\"_ _f\"></span>r\u00e9sorerie (UGT) des montants d\u2019<span class=\"_ _0\"></span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition les plus importants et </span>re\ufb02\u00e8te l\u2019<span class=\"_ _0\"></span>organisation au 31\ue61ed\u00e9cembre 2022. (v<span class=\"_ _0\"></span>oir note 4.5 pour plus de d\u00e9tails sur les tests de d\u00e9pr\u00e9ciation).T<span class=\"_ _23\"></span>echnicolor Maison (en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Creative StudiosConnect\u00e9e<span class=\"_ _1ee\"> </span><span class=\"ls66 ws66\">SC<span class=\"_ _3\"></span>S<span class=\"_ _178\"> </span></span>T<span class=\"_ _23\"></span>otalerAu 1<span class=\"_ _6f\"> </span><span class=\"ff9d5\">\ue662janvier 2021, net<span class=\"_ _10c\"> </span></span><span class=\"ls55 ws55\">1<span class=\"_ _3\"></span>74<span class=\"_ _9\"> </span></span><span class=\"ff9d5\">400<span class=\"_ _184\"> </span>142<span class=\"_ _184\"> </span></span>716\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>12<span class=\"_ _82\"> </span>34<span class=\"_ _1c6\"> </span>11<span class=\"_ _251\"> </span>57Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _114\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _301\"> </span>(1)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _143\"> </span><span class=\"ff9d4\">185<span class=\"_ _17e\"> </span>434<span class=\"_ _184\"> </span>153<span class=\"_ _184\"> </span>773</span>\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2f8\"> </span>10<span class=\"_ _251\"> </span>23<span class=\"_ _158\"> </span>8<span class=\"_ _251\"> </span>42Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>-Cessions<span class=\"_ _29d\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-V<span class=\"_ _1\"></span>ariations de p\u00e9rim\u00e8tre<span class=\"_ _302\"> </span>(196)<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _97\"> </span>(196)P<span class=\"_ _0\"></span>ertes de valeur<span class=\"_ _300\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Autres<span class=\"_ _303\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-Au 31\ue662d\u00e9cembre 2022, net<span class=\"_ _145\"> </span><span class=\"ff9d4\">-<span class=\"_ _7e\"> </span>458<span class=\"_ _184\"> </span></span>162<span class=\"_ _184\"> </span><span class=\"ff9d4\">619</span>\ue61eLa variation de p\u00e9rim\u00e8tre de 2022 se r<span class=\"_ _0\"></span>\u00e9f\u00e8re \u00e0 la Distribution pr\u00e9sent\u00e9e dans la note 1.4.2<span class=\"_ _c3\"> </span>I<span class=\"_ _0\"></span>mmobilisations incorporelles4.2.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>Mar<span class=\"_ _0\"></span>quesAu <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2021, <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>marques <span class=\"_ _44\"> </span>du <span class=\"_ _47\"> </span>Groupe <span class=\"_ _37\"> </span>ont <span class=\"_ _47\"> </span>une <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>comptable <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>258\ue61fmillions <span class=\"_ _44\"> </span>d\u2019eur<span class=\"_ _0\"></span>os. <span class=\"_ _44\"> </span>Elles <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>principalement <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>marque \u00ae<span class=\"_ _2d2\"> </span>\u00ae<span class=\"_ _304\"> </span>\u00aeT<span class=\"_ _23\"></span>echnicolor<span class=\"_ _61\"> </span> pour 199\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os, la marque <span class=\"ls4 ws4\">RCA<span class=\"_ _61\"> </span></span> pour 29\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os et la marque The Mill<span class=\"_ _61\"> </span> pour de 22\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os.Les <span class=\"_ _3b\"></span>marques <span class=\"_ _37\"></span>d\u00e9tenues <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>transf\u00e9r\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>Distribution <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>cession <span class=\"_ _37\"> </span>de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques. Au 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022, aucune marque n\u2019<span class=\"_ _0\"></span>est comptabilis\u00e9e dans ses comptes consolid\u00e9s du Groupe.Conform\u00e9ment \u00e0 IAS\ue61f38, la marque V<span class=\"_ _f\"></span>antiva g\u00e9n\u00e9r\u00e9e en interne, les co\u00fbts associ\u00e9s n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 capitalis\u00e9s au 31\ue61fd\u00e9cembre 2022.4.2.2<span class=\"_ _10d\"> </span>Relations contractuelles avec les clients<span class=\"_ _0\"></span>, brevets et autres immobilisations incorpor<span class=\"_ _0\"></span>ellesBrevets &amp; autres T<span class=\"_ _23\"></span>otal des immobilisations immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Marques<span class=\"_ _4f\"> </span>Relations clientsincorporellesincorporelleserAu 1<span class=\"_ _6f\"> </span><span class=\"ff9e2\">\ue662janvier 2021, net\ue662*<span class=\"_ _e1\"> </span><span class=\"ls53 ws53\">242<span class=\"_ _19b\"> </span></span>114<span class=\"_ _1cf\"> </span></span>171<span class=\"_ _17e\"> </span><span class=\"ff9e2\">526</span>Brut<span class=\"_ _252\"> </span>250<span class=\"_ _19b\"> </span>333<span class=\"_ _17e\"> </span>850<span class=\"_ _178\"> </span>1\ue61f433Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(8)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>219)<span class=\"_ _9a\"> </span>(679)<span class=\"_ _d5\"> </span>(907)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>17<span class=\"_ _158\"> </span>8<span class=\"_ _231\"> </span>12<span class=\"_ _156\"> </span>37Acquisitions<span class=\"_ _2f4\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _251\"> </span>52<span class=\"_ _251\"> </span>52Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _154\"> </span>(30)<span class=\"_ _9\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>75)<span class=\"_ _1a4\"> </span></span>(104)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e3\"> </span>(1)<span class=\"_ _8f\"> </span>-<span class=\"_ _33\"> </span>(1)<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>2)Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _250\"> </span>258<span class=\"_ _33\"> </span>92<span class=\"_ _17e\"> </span>160<span class=\"_ _17e\"> </span>510Brut<span class=\"_ _303\"> </span>267<span class=\"_ _184\"> </span>358<span class=\"_ _19b\"> </span>916<span class=\"_ _1b5\"> </span>1\ue61f541Amortissements cumul\u00e9s<span class=\"_ _270\"> </span>(9)<span class=\"_ _74\"> </span>(266)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>756)<span class=\"_ _7a\"> </span>(1\ue61f032)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _2b0\"> </span>13<span class=\"_ _158\"> </span>6<span class=\"_ _158\"> </span>9<span class=\"_ _82\"> </span>28Acquisitions des activit\u00e9s poursuivies<span class=\"_ _5d\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _82\"> </span>49<span class=\"_ _5\"> </span>49Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _2a4\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _91\"> </span>18<span class=\"_ _91\"> </span>18Amortissements<span class=\"_ _125\"> </span>-<span class=\"_ _1d\"> </span>(28)<span class=\"_ _1d\"> </span>(68)<span class=\"_ _1d\"> </span>(96)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _2af\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _268\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _30\"> </span>(3)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _2c5\"> </span>(<span class=\"_ _3\"></span>271)<span class=\"_ _1d\"> </span>(45)<span class=\"_ _9\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _9e\"> </span>(<span class=\"_ _3\"></span>342)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _24c\"> </span><span class=\"ff9e1\">-<span class=\"_ _82\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _184\"> </span></span>138<span class=\"_ _23f\"> </span>163Brut<span class=\"_ _209\"> </span>-<span class=\"_ _184\"> </span><span class=\"ls70 ws70\">270<span class=\"_ _19b\"> </span></span>735<span class=\"_ _74\"> </span>1\ue61f005Amortissements cumul\u00e9s<span class=\"_ _29e\"> </span>-<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>246)<span class=\"_ _9e\"> </span>(597)<span class=\"_ _9e\"> </span>(843)* Les ouvertures 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>re<span class=\"_ _0\"></span>trait\u00e9s suite \u00e0 la d\u00e9cision de l\u2019IFRS IC d\u2019<span class=\"_ _0\"></span>avril\ue61f2021, pr\u00e9cisant la comptabilisation des co\u00fbts de configur<span class=\"_ _0\"></span>ation <span class=\"ls5e ws5e\">et </span>de personnalisation d\u2019un logiciel Saas.\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-5": {
   "value": "Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.Les <span class=\"_ _66\"> </span>marques <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>consid\u00e9r\u00e9es <span class=\"_ _4c\"> </span>comme <span class=\"_ _66\"> </span>ayant <span class=\"_ _4c\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9e <span class=\"_ _4c\"> </span>d\u2019utilit\u00e9 ind\u00e9termin\u00e9e. <span class=\"_ _66\"> </span>E<span class=\"_ _0\"></span>lles <span class=\"_ _66\"> </span>ne <span class=\"_ _4c\"> </span>sont <span class=\"_ _66\"> </span>donc <span class=\"_ _66\"> </span>pas <span class=\"_ _66\"> </span>amorties <span class=\"_ _66\"> </span>mais <span class=\"_ _66\"> </span>font <span class=\"_ _66\"> </span>l\u2019<span class=\"_ _0\"></span>objet s\u00e9par\u00e9ment <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>test <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _61\"> </span>annuel. <span class=\"_ _46\"> </span>Les <span class=\"_ _61\"> </span>principales <span class=\"_\"> </span>raisons ayant conduit le <span class=\"_ _3\"></span>Groupe \u00e0 appr\u00e9cier le <span class=\"_ _3\"></span>caract\u00e8re ind\u00e9termin\u00e9 de la <span class=\"_ _3\"></span>dur\u00e9e d\u2019utilit\u00e9 <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>marques <span class=\"_ _37\"></span>ont <span class=\"_ _37\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>principalement <span class=\"_ _37\"> </span>leur <span class=\"_ _44\"> </span>positionnement <span class=\"_ _3b\"></span>sur <span class=\"_ _44\"> </span>le march\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>volume <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>activit\u00e9, <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>internationale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de notori\u00e9t\u00e9, ainsi que leur r<span class=\"_ _0\"></span>entabilit\u00e9 attendue \u00e0 long terme.Relations contr<span class=\"_ _0\"></span>actuelles avec les clientsLes <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>clients <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont <span class=\"_\"> </span>acquises <span class=\"_\"> </span>dans <span class=\"_\"> </span>le cadre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>regroupements <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>amorties <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilit\u00e9 attendue des <span class=\"_ _3\"></span>relations qui varie entre <span class=\"_ _3\"></span>8 et 20 <span class=\"_ _3\"></span>ans et <span class=\"_ _3\"></span>qui prend en <span class=\"_ _3\"></span>compte les <span class=\"_ _37\"> </span>renouvellements <span class=\"_ _37\"> </span>probables <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>contrats <span class=\"_ _37\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>clients qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>comprise <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>1 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>5 <span class=\"_ _3\"></span>ans. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>m\u00e9thode d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3b\"></span>initiale <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>surprofits <span class=\"_ _3\"></span>attendus <span class=\"_ _3b\"></span>bas\u00e9s sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>correspondants <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>portefeuille de <span class=\"_\"> </span>client\u00e8le <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_\"> </span>Celles<span class=\"ff9db\">\u2011</span>ci <span class=\"_\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_\"> </span>d\u2019un <span class=\"_ _46\"> </span>test <span class=\"_\"> </span>de d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _37\"> </span>o\u00f9 <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>management <span class=\"_ _44\"> </span>identifie <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>indication <span class=\"_ _44\"> </span>de perte de valeur de ces actifs<span class=\"_ _0\"></span>.Brevets et licences de br<span class=\"_ _0\"></span>evetsLes <span class=\"_ _61\"> </span>brevets <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>amortis <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>mani\u00e8re <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>dur\u00e9e <span class=\"_ _46\"> </span>d\u2019utilit\u00e9 attendue. <span class=\"_ _66\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>licences <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>brevet <span class=\"_ _66\"> </span>d\u00e9pend <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la temporalit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>\u00e9conomiques <span class=\"_ _61\"> </span>futurs <span class=\"_\"> </span>attendus, <span class=\"_ _46\"> </span>mesur\u00e9s <span class=\"_ _61\"> </span>en volumes <span class=\"_ _6c\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _6c\"> </span>de <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>licences. <span class=\"_ _6c\"> </span>Lorsque <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>avantages \u00e9conomiques <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>distribu\u00e9s <span class=\"_ _28\"> </span>de <span class=\"_ _6f\"> </span>mani\u00e8re <span class=\"_ _28\"> </span>globalement <span class=\"_ _6f\"> </span>\u00e9gale <span class=\"_ _6f\"> </span>ou incertaine <span class=\"_ _37\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>d\u2019utilit\u00e9, <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _44\"> </span>est <span class=\"_ _3b\"></span>amorti <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>mani\u00e8re <span class=\"_ _37\"></span>lin\u00e9aire. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>cas <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>volumes <span class=\"_ _37\"> </span>d\u00e9croissants, <span class=\"_ _37\"> </span>l\u2019actif <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>amorti <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>volumes vendus, et le rythme d\u2019<span class=\"_ _1\"></span>amortissement revu \u00e0 chaque arr\u00eat\u00e9.Autres immobilisations incorporellesCe <span class=\"ls0 ws0\">poste comprend principalement les <span class=\"_ _3\"></span>logiciels acquis ou d\u00e9velopp\u00e9s <span class=\"_ _3\"></span>en </span>interne et les technologies acquises.Les <span class=\"_\"> </span>d\u00e9penses <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>echerche <span class=\"_\"> </span>sont <span class=\"_\"> </span>comptabilis\u00e9es <span class=\"_ _47\"> </span>en charges <span class=\"_ _63\"> </span>au <span class=\"_ _63\"> </span>moment <span class=\"_ _63\"> </span>o\u00f9 <span class=\"_ _63\"> </span>elles <span class=\"_ _63\"> </span>sont <span class=\"_ _6b\"> </span>encourues<span class=\"_ _0\"></span>. <span class=\"_ _63\"> </span>Les <span class=\"_ _63\"> </span>co\u00fbts <span class=\"_ _6b\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>charges <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>encourus, sauf <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span>projet <span class=\"_ _61\"> </span>auquel <span class=\"_ _61\"> </span>ils <span class=\"_ _61\"> </span>se <span class=\"_ _60\"> </span>rapportent <span class=\"_ _61\"> </span>satisfait <span class=\"_ _61\"> </span>aux <span class=\"_ _61\"> </span>conditions <span class=\"_ _61\"> </span>de capitalisation <span class=\"_ _44\"> </span>d\u2019IAS\ue61f38. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>projets <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>d\u00e9veloppement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>ceux <span class=\"_ _46\"> </span>ayant <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>objectif <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>d\u00e9veloppement <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>nouveaux proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>am\u00e9lioration <span class=\"_ _64\"> </span>notable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>existants, <span class=\"_ _60\"> </span>qui <span class=\"_ _65\"> </span>sont consid\u00e9r\u00e9s <span class=\"_\"> </span>comme <span class=\"_ _46\"> </span>techniquement <span class=\"_ _46\"> </span>viables <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>dont <span class=\"_ _46\"> </span>il <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>attendu <span class=\"_\"> </span>des b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>\u00e9conomiques <span class=\"_ _28\"> </span>futurs <span class=\"_ _6f\"> </span>pour <span class=\"_ _28\"> </span>le <span class=\"_ _28\"> </span>Groupe. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>projets <span class=\"_ _6f\"> </span>de d\u00e9veloppement <span class=\"_ _6c\"> </span>sont <span class=\"_ _2a\"> </span>comptabilis\u00e9s <span class=\"_ _2a\"> </span>\u00e0 <span class=\"_ _2a\"> </span>leur <span class=\"_ _2a\"> </span>co\u00fbt <span class=\"_ _2a\"> </span>diminu\u00e9 <span class=\"_ _2a\"> </span>des amortissements <span class=\"_ _4c\"> </span>et <span class=\"_ _4c\"> </span>des <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _4c\"> </span>\u00e9ventuelles. <span class=\"_ _4c\"> </span><span class=\"ls4 ws4\">Ce <span class=\"_ _4c\"> </span></span>co\u00fbt <span class=\"_ _6f\"> </span>inclut l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>directs <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>personnel <span class=\"_ _61\"> </span>(y <span class=\"_ _61\"> </span>compris <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>des avantages <span class=\"_ _3\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi), <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mat\u00e9riaux <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>des co\u00fbts <span class=\"_ _63\"> </span>des <span class=\"_ _63\"> </span>prestations <span class=\"_ _63\"> </span>externes <span class=\"_ _6b\"> </span>n\u00e9cessaires <span class=\"_ _63\"> </span>pour <span class=\"_ _63\"> </span>le <span class=\"_ _63\"> </span>projet <span class=\"_ _63\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>diminu\u00e9 <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>cr\u00e9dits <span class=\"_ _37\"> </span>d\u2019imp\u00f4t <span class=\"_ _44\"> </span>\u00e9ventuels. <span class=\"_ _37\"></span>Ils sont amortis sur <span class=\"_ _3\"></span>une dur\u00e9e d\u2019un an <span class=\"_ _3\"></span>\u00e0 cinq ans <span class=\"_ _3\"></span>\u00e0 compter de <span class=\"_ _3\"></span>la production commerciale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>produits <span class=\"_ _3b\"></span>li\u00e9s, <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _37\"></span>vendues, <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la base des unit\u00e9s produites ou selon la m\u00e9thode lin\u00e9aire<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-6": {
   "value": "Les regroupements d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont comptabilis\u00e9s <span class=\"_ _3\"></span>selon la <span class=\"_ _3\"></span>m\u00e9thode de l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>correspond <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>laquelle <span class=\"_ _3\"></span>le contr\u00f4le est transf\u00e9r<span class=\"_ _0\"></span>\u00e9 au Groupe.Le <span class=\"ls0 ws0\">Groupe \u00e9value l\u2019<span class=\"_ _0\"></span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition \u00e0 la date d\u2019<span class=\"_ _0\"></span>acquisition comme\ue61f:</span>1.+ la juste valeur des \u00e9l\u00e9ments transf\u00e9r\u00e9s au v<span class=\"_ _0\"></span>endeur\ue61f;2.+ <span class=\"_ _66\"> </span>le <span class=\"_ _4c\"> </span>montant <span class=\"_ _66\"> </span>reconnu <span class=\"_ _66\"> </span>pour <span class=\"_ _4c\"> </span>les <span class=\"_ _66\"> </span>participations <span class=\"_ _66\"> </span>ant\u00e9rieurement d\u00e9tenues ne donnant pas le contr\u00f4le dans la soci\u00e9t\u00e9 acquise\ue61f;3.+ <span class=\"_ _46\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>regroupement <span class=\"_ _46\"> </span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>r\u00e9alis\u00e9 <span class=\"_ _46\"> </span>par <span class=\"_ _61\"> </span>\u00e9tapes, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste valeur <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>particip<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>pr\u00e9existante <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>dans <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 acquise\ue61f;4.- <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>net <span class=\"_ _3b\"></span>reconnu <span class=\"_ _3\"></span>(g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur) <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>actifs identifiables acquis et des passifs assum\u00e9s.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>chaque <span class=\"_ _3\"></span>acquisition, sur <span class=\"_ _3\"></span>option, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>part d\u00e9tenue <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>participations ne <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>acquise <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>(donc <span class=\"_ _60\"> </span>accroissant <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_ _61\"> </span>l\u2019\u00e9cart <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition) <span class=\"_ _61\"> </span>soit <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>la quote<span class=\"ff9cd\">\u2011</span>part <span class=\"_ _3\"></span>d\u00e9tenue <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>nets <span class=\"_ _3\"></span>identifiables. <span class=\"_ _3\"></span>Lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>contr\u00f4le est obtenu, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>acquisitions <span class=\"_ _3\"></span>ult\u00e9rieures de <span class=\"_ _3\"></span>titres ou <span class=\"_ _3\"></span>les cessions <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>perte de <span class=\"_ _6f\"> </span>contr\u00f4le, <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>comptabilis\u00e9es <span class=\"_ _6f\"> </span>comme <span class=\"_ _6f\"> </span>des <span class=\"_ _28\"> </span>transactions <span class=\"_ _6f\"> </span>entre actionnaires<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9cart <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>pr\u00e9sent\u00e9 <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>devise <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>filiale/entreprise associ\u00e9e <span class=\"_ _3b\"></span>acquise, <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>son <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>valeur \u00e9ventuelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>converti en\ue61feuros <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de <span class=\"_ _3b\"></span>cl\u00f4ture. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _3b\"></span>amortis <span class=\"_ _3b\"></span>mais <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet d\u2019un test de d\u00e9pr\u00e9ciation annuel.Les <span class=\"_ _44\"> </span>frais <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>transaction, <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>ceux <span class=\"_ _47\"> </span>associ\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>de dettes <span class=\"_ _60\"> </span>ou <span class=\"_ _60\"> </span>d\u2019instruments <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>capitaux <span class=\"_ _60\"> </span>propres, <span class=\"_ _61\"> </span>sont <span class=\"_ _60\"> </span>comptabilis\u00e9s <span class=\"_ _64\"> </span>en charges au moment o\u00f9 ils sont encourus<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>compl\u00e9ments <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>prix <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>mesur\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>leur <span class=\"_ _3b\"></span>juste <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la date <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>variations <span class=\"_ _64\"> </span>post\u00e9rieures <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cette <span class=\"_ _64\"> </span>juste <span class=\"_ _64\"> </span>valeur impactent le <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si le <span class=\"_ _3\"></span>compl\u00e9ment <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>class\u00e9 en capitaux propres<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-83-4": {
   "value": "Les <span class=\"_ _47\"> </span>immobilisations <span class=\"_ _44\"> </span>incorporelles <span class=\"_\"> </span>correspondent <span class=\"_ _44\"> </span>principalement, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des marques<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>droits <span class=\"_ _66\"> </span>d\u2019utilisation <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>brevets, <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _66\"> </span>des <span class=\"_ _66\"> </span>projets <span class=\"_ _66\"> </span>de d\u00e9veloppement <span class=\"_\"> </span>immobilis\u00e9s <span class=\"_\"> </span>et <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>des <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les clients.Les <span class=\"_ _63\"> </span>immobilisations <span class=\"_ _6b\"> </span>incorporelles <span class=\"_ _63\"> </span>acquises <span class=\"_ _6b\"> </span>dans <span class=\"_ _63\"> </span>le <span class=\"_ _6b\"> </span>cadre <span class=\"_ _63\"> </span>d\u2019un regroupement <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>comptabilis\u00e9es <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>la date d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>our les montants <span class=\"_ _3\"></span>significatifs, V<span class=\"_ _f\"></span>antiva s\u2019appuie sur des \u00e9valuateurs <span class=\"_ _65\"> </span>ind\u00e9pendants <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>d\u00e9terminer <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>juste <span class=\"_ _65\"> </span>valeur <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>ces immobilisations <span class=\"_ _3b\"></span>incorporelles. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>acquises s\u00e9par\u00e9ment <span class=\"_ _62\"> </span>sont <span class=\"_ _6b\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9es <span class=\"_ _6b\"> </span>\u00e0 <span class=\"_ _63\"> </span>leur <span class=\"_ _63\"> </span>co\u00fbt <span class=\"_ _63\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _63\"> </span>et <span class=\"_ _63\"> </span>les immobilisations g\u00e9n\u00e9r\u00e9es en interne \u00e0 leur co\u00fbt de production.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3b\"></span>comprend <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>prix <span class=\"_ _3b\"></span>d\u2019achat <span class=\"_ _3\"></span>major\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tous <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>co\u00fbts </span>associ\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>directement <span class=\"_ _3\"></span>attribuables <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mise <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>service de <span class=\"_ _3\"></span>l\u2019immobilisation. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ous <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>autres <span class=\"_ _3\"></span>co\u00fbts, <span class=\"_ _3b\"></span>y <span class=\"_ _3\"></span>compris <span class=\"_ _3b\"></span>ceux <span class=\"_ _3b\"></span>encourus <span class=\"_ _3\"></span>pour g\u00e9n\u00e9rer certains <span class=\"_ _3\"></span>actifs en <span class=\"_ _3\"></span>interne <span class=\"_ _3\"></span>comme les <span class=\"_ _3\"></span>marques, les listes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>clients et <span class=\"_ _3b\"></span>autres <span class=\"_ _3b\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>similaires, <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment o\u00f9 ils sont encourus.Les immobilisations incorporelles \u00e0 <span class=\"_ _3\"></span>dur\u00e9e de vie <span class=\"_ _3\"></span>d\u00e9finie sont <span class=\"_ _3\"></span>amorties sur leur dur\u00e9e d\u2019utilit\u00e9 et sont <span class=\"_ _3\"></span>d\u00e9pr\u00e9ci\u00e9es en cas de perte de <span class=\"_ _3\"></span>valeur identifi\u00e9e. Selon <span class=\"_ _28\"> </span>la <span class=\"_ _28\"> </span>nature <span class=\"_ _6f\"> </span>et <span class=\"_ _28\"> </span>l\u2019utilisation <span class=\"_ _28\"> </span>des <span class=\"_ _28\"> </span>immobilisations <span class=\"_ _28\"> </span>incorporelles, l\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>l\u2019un <span class=\"_ _60\"> </span>des <span class=\"_ _64\"> </span>postes suivants\ue61e: <span class=\"_ _44\"> </span>\u00ab\ue61eCo\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019activit\u00e9\ue61e\u00bb, <span class=\"_ _37\"></span>\u00ab\ue61eFrais <span class=\"_ _44\"> </span>commerciaux <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>administratifs\ue61e\u00bb, \u00ab\ue61eAutres <span class=\"_ _20\"> </span>produits <span class=\"_ _d\"> </span>(charges)\ue61e\u00bb <span class=\"_ _20\"> </span>ou <span class=\"_ _20\"> </span>\u00ab\ue61eFr<span class=\"_ _0\"></span>ais <span class=\"_ _20\"> </span>de <span class=\"_ _20\"> </span>recherche <span class=\"_ _20\"> </span>et d\u00e9veloppement\ue61e\u00bb.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>incorporels <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie <span class=\"_ _37\"></span>ind\u00e9finie <span class=\"_ _37\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>pas <span class=\"_ _37\"></span>amortis <span class=\"_ _3b\"></span>mais sont <span class=\"_ _65\"> </span>rattach\u00e9s <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>UG<span class=\"_ _0\"></span>T <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>soumis <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _65\"> </span>test <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>d\u00e9pr\u00e9ciation annuellement (voir note 4.5).Principe comptable sujet \u00e0 estimations et\ue61fjugementsConcernant <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>d\u00e9finie, <span class=\"_ _3\"></span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>utilis\u00e9es <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vie <span class=\"_ _64\"> </span>attendue <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>actifs <span class=\"_ _64\"> </span>afin <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>leurs <span class=\"_ _64\"> </span>dur\u00e9es d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>(ii) <span class=\"_ _37\"></span>constater<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation de la valeur au bilan de ces immobilisations. Les estimations utilis\u00e9es pour d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>indiqu\u00e9es dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>manuel <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>principes <span class=\"_ _3\"></span>comptables <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>appliqu\u00e9es de fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.Concernant <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>incorporels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vie <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _61\"> </span>des estimations <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>significatives <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la valeur <span class=\"_ _64\"> </span>recouvrable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>ces <span class=\"_ _64\"> </span>actifs. <span class=\"_ _64\"> </span>(voir <span class=\"_ _64\"> </span>note <span class=\"_ _64\"> </span>4.5 <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>principes comptables de la perte de valeur sur ces actifs).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-90-2": {
   "value": "Relations contr<span class=\"_ _0\"></span>actuelles avec les clientsLes <span class=\"_\"> </span>relations <span class=\"_\"> </span>contr<span class=\"_ _0\"></span>actuelles <span class=\"_\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>clients <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont <span class=\"_\"> </span>acquises <span class=\"_\"> </span>dans <span class=\"_\"> </span>le cadre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>regroupements <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>amorties <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilit\u00e9 attendue des <span class=\"_ _3\"></span>relations qui varie entre <span class=\"_ _3\"></span>8 et 20 <span class=\"_ _3\"></span>ans et <span class=\"_ _3\"></span>qui prend en <span class=\"_ _3\"></span>compte les <span class=\"_ _37\"> </span>renouvellements <span class=\"_ _37\"> </span>probables <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>contrats <span class=\"_ _37\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>avec <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>clients qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>comprise <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>1 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>5 <span class=\"_ _3\"></span>ans. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>m\u00e9thode d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3b\"></span>initiale <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>surprofits <span class=\"_ _3\"></span>attendus <span class=\"_ _3b\"></span>bas\u00e9s sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>futurs <span class=\"_ _3b\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>correspondants <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>portefeuille de <span class=\"_\"> </span>client\u00e8le <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition. <span class=\"_\"> </span>Celles<span class=\"ff9db\">\u2011</span>ci <span class=\"_\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_\"> </span>d\u2019un <span class=\"_ _46\"> </span>test <span class=\"_\"> </span>de d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _37\"> </span>o\u00f9 <span class=\"_ _44\"> </span>le <span class=\"_ _37\"> </span>management <span class=\"_ _44\"> </span>identifie <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>indication <span class=\"_ _44\"> </span>de perte de valeur de ces actifs<span class=\"_ _0\"></span>.Brevets et licences de br<span class=\"_ _0\"></span>evetsLes <span class=\"_ _61\"> </span>brevets <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>amortis <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>mani\u00e8re <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>dur\u00e9e <span class=\"_ _46\"> </span>d\u2019utilit\u00e9 attendue. <span class=\"_ _66\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>licences <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>brevet <span class=\"_ _66\"> </span>d\u00e9pend <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la temporalit\u00e9 <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>avantages <span class=\"_ _46\"> </span>\u00e9conomiques <span class=\"_ _61\"> </span>futurs <span class=\"_\"> </span>attendus, <span class=\"_ _46\"> </span>mesur\u00e9s <span class=\"_ _61\"> </span>en volumes <span class=\"_ _6c\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _6c\"> </span>de <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>licences. <span class=\"_ _6c\"> </span>Lorsque <span class=\"_ _6c\"> </span>ces <span class=\"_ _6c\"> </span>avantages \u00e9conomiques <span class=\"_ _6f\"> </span>sont <span class=\"_ _6f\"> </span>distribu\u00e9s <span class=\"_ _28\"> </span>de <span class=\"_ _6f\"> </span>mani\u00e8re <span class=\"_ _28\"> </span>globalement <span class=\"_ _6f\"> </span>\u00e9gale <span class=\"_ _6f\"> </span>ou incertaine <span class=\"_ _37\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>d\u2019utilit\u00e9, <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _44\"> </span>est <span class=\"_ _3b\"></span>amorti <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>mani\u00e8re <span class=\"_ _37\"></span>lin\u00e9aire. <span class=\"_ _3b\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>cas <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>volumes <span class=\"_ _37\"> </span>d\u00e9croissants, <span class=\"_ _37\"> </span>l\u2019actif <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>amorti <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>volumes vendus, et le rythme d\u2019<span class=\"_ _1\"></span>amortissement revu \u00e0 chaque arr\u00eat\u00e9.Autres immobilisations incorporellesCe <span class=\"ls0 ws0\">poste comprend principalement les <span class=\"_ _3\"></span>logiciels acquis ou d\u00e9velopp\u00e9s <span class=\"_ _3\"></span>en </span>interne et les technologies acquises.Les <span class=\"_\"> </span>d\u00e9penses <span class=\"_ _44\"> </span>li\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>activit\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>echerche <span class=\"_\"> </span>sont <span class=\"_\"> </span>comptabilis\u00e9es <span class=\"_ _47\"> </span>en charges <span class=\"_ _63\"> </span>au <span class=\"_ _63\"> </span>moment <span class=\"_ _63\"> </span>o\u00f9 <span class=\"_ _63\"> </span>elles <span class=\"_ _63\"> </span>sont <span class=\"_ _6b\"> </span>encourues<span class=\"_ _0\"></span>. <span class=\"_ _63\"> </span>Les <span class=\"_ _63\"> </span>co\u00fbts <span class=\"_ _6b\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>charges <span class=\"_ _44\"> </span>lorsqu\u2019ils <span class=\"_ _37\"> </span>sont <span class=\"_ _44\"> </span>encourus, sauf <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>le <span class=\"_ _60\"> </span>projet <span class=\"_ _61\"> </span>auquel <span class=\"_ _61\"> </span>ils <span class=\"_ _61\"> </span>se <span class=\"_ _60\"> </span>rapportent <span class=\"_ _61\"> </span>satisfait <span class=\"_ _61\"> </span>aux <span class=\"_ _61\"> </span>conditions <span class=\"_ _61\"> </span>de capitalisation <span class=\"_ _44\"> </span>d\u2019IAS\ue61f38. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>projets <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>d\u00e9veloppement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>ceux <span class=\"_ _46\"> </span>ayant <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>objectif <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>d\u00e9veloppement <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>nouveaux proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>am\u00e9lioration <span class=\"_ _64\"> </span>notable <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>proc\u00e9d\u00e9s <span class=\"_ _64\"> </span>existants, <span class=\"_ _60\"> </span>qui <span class=\"_ _65\"> </span>sont consid\u00e9r\u00e9s <span class=\"_\"> </span>comme <span class=\"_ _46\"> </span>techniquement <span class=\"_ _46\"> </span>viables <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>dont <span class=\"_ _46\"> </span>il <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>attendu <span class=\"_\"> </span>des b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>\u00e9conomiques <span class=\"_ _28\"> </span>futurs <span class=\"_ _6f\"> </span>pour <span class=\"_ _28\"> </span>le <span class=\"_ _28\"> </span>Groupe. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>projets <span class=\"_ _6f\"> </span>de d\u00e9veloppement <span class=\"_ _6c\"> </span>sont <span class=\"_ _2a\"> </span>comptabilis\u00e9s <span class=\"_ _2a\"> </span>\u00e0 <span class=\"_ _2a\"> </span>leur <span class=\"_ _2a\"> </span>co\u00fbt <span class=\"_ _2a\"> </span>diminu\u00e9 <span class=\"_ _2a\"> </span>des amortissements <span class=\"_ _4c\"> </span>et <span class=\"_ _4c\"> </span>des <span class=\"_ _6f\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _4c\"> </span>\u00e9ventuelles. <span class=\"_ _4c\"> </span><span class=\"ls4 ws4\">Ce <span class=\"_ _4c\"> </span></span>co\u00fbt <span class=\"_ _6f\"> </span>inclut l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>directs <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>personnel <span class=\"_ _61\"> </span>(y <span class=\"_ _61\"> </span>compris <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>co\u00fbts <span class=\"_ _61\"> </span>des avantages <span class=\"_ _3\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi), <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mat\u00e9riaux <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>des co\u00fbts <span class=\"_ _63\"> </span>des <span class=\"_ _63\"> </span>prestations <span class=\"_ _63\"> </span>externes <span class=\"_ _6b\"> </span>n\u00e9cessaires <span class=\"_ _63\"> </span>pour <span class=\"_ _63\"> </span>le <span class=\"_ _63\"> </span>projet <span class=\"_ _63\"> </span>de d\u00e9veloppement <span class=\"_ _37\"> </span>consid\u00e9r\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>diminu\u00e9 <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>cr\u00e9dits <span class=\"_ _37\"> </span>d\u2019imp\u00f4t <span class=\"_ _44\"> </span>\u00e9ventuels. <span class=\"_ _37\"></span>Ils sont amortis sur <span class=\"_ _3\"></span>une dur\u00e9e d\u2019un an <span class=\"_ _3\"></span>\u00e0 cinq ans <span class=\"_ _3\"></span>\u00e0 compter de <span class=\"_ _3\"></span>la production commerciale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>produits <span class=\"_ _3b\"></span>li\u00e9s, <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _37\"></span>vendues, <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la base des unit\u00e9s produites ou selon la m\u00e9thode lin\u00e9aire<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-93-2": {
   "value": "4.3<span class=\"_ _c3\"> </span>Immobilisations corpor<span class=\"_ _0\"></span>ellesInstallations techniques, Autres mat\u00e9riels et immobilisations (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)T<span class=\"_ _23\"></span>errains<span class=\"_ _4f\"> </span>Constructionsoutillagescorporelles<span class=\"_ _80\"> </span><span class=\"lsb4 wsb4\">T<span class=\"_ _3\"></span>OTA<span class=\"_ _3b\"></span>L</span>erAu 1<span class=\"_ _6f\"> </span><span class=\"ff9ea\">\ue662janvier 2021, net<span class=\"_ _f6\"> </span></span>3<span class=\"_ _1ee\"> </span><span class=\"ff9ea\">12<span class=\"_ _17d\"> </span></span>48<span class=\"_ _34\"> </span>77<span class=\"_ _185\"> </span><span class=\"ff9ea\">140</span>Brut<span class=\"_ _254\"> </span>3<span class=\"_ _4e\"> </span>52<span class=\"_ _185\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _3\"></span>4<span class=\"_ _193\"> </span></span>269<span class=\"_ _8a\"> </span>1\ue61f208Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _1da\"> </span>(40)<span class=\"_ _c2\"> </span>(836)<span class=\"_ _8a\"> </span>(192)<span class=\"_ _12\"> </span>(1\ue61f068)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _ec\"> </span>-<span class=\"_ _1cf\"> </span>1<span class=\"_ _19b\"> </span>3<span class=\"_ _23f\"> </span>5<span class=\"_ _184\"> </span>9Acquisitions<span class=\"_ _1f6\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>3<span class=\"_ _1b5\"> </span>48<span class=\"_ _154\"> </span>51Cessions<span class=\"_ _274\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>2)Amortissements<span class=\"_ _111\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _186\"> </span>(<span class=\"_ _3\"></span>26)<span class=\"_ _d7\"> </span>(23)<span class=\"_ _58\"> </span>(50)P<span class=\"_ _0\"></span>ertes de valeurs<span class=\"_ _305\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(2)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)(1)Autres variations\ue61f<span class=\"_ _306\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1d\"> </span>21<span class=\"_ _9a\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _1d\"> </span></span>17Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _16f\"> </span><span class=\"ff9e9\">3<span class=\"_ _4e\"> </span></span>12<span class=\"_ _17d\"> </span><span class=\"ff9e9\">48<span class=\"_ _17d\"> </span>99<span class=\"_ _1b4\"> </span></span>162Brut<span class=\"_ _254\"> </span>3<span class=\"_ _1b5\"> </span>54<span class=\"_ _185\"> </span>904<span class=\"_ _1b4\"> </span>358<span class=\"_ _8a\"> </span>1\ue61f320Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _186\"> </span>(42)<span class=\"_ _c2\"> </span>(857)<span class=\"_ _c2\"> </span>(259)<span class=\"_ _1fd\"> </span>(1\ue61f158)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _ec\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>2<span class=\"_ _19b\"> </span>7<span class=\"_ _4e\"> </span>10Acquisitions des activit\u00e9s poursuivies<span class=\"_ _307\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>1<span class=\"_ _4e\"> </span>38<span class=\"_ _4e\"> </span>38Acquisitions des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _e3\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _4e\"> </span>25<span class=\"_ _34\"> </span>25Cessions<span class=\"_ _274\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)Amortissements<span class=\"_ _111\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _186\"> </span>(<span class=\"_ _3\"></span>26)<span class=\"_ _191\"> </span>(18)<span class=\"_ _186\"> </span>(45)P<span class=\"_ _0\"></span>ertes de valeurs<span class=\"_ _305\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(2)Autres variations<span class=\"_ _305\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _154\"> </span>21<span class=\"_ _186\"> </span>(26)<span class=\"_ _1a4\"> </span>(5)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _24c\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _178\"> </span>(1)<span class=\"_ _d7\"> </span>(83)<span class=\"_ _d7\"> </span>(83)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _1fe\"> </span><span class=\"ff9e9\">3<span class=\"_ _1d\"> </span>11<span class=\"_ _178\"> </span>44<span class=\"_ _97\"> </span></span>40<span class=\"_ _17d\"> </span><span class=\"ff9e9\">98</span>Brut<span class=\"_ _254\"> </span>3<span class=\"_ _34\"> </span><span class=\"ls70 ws70\">55<span class=\"_ _a8\"> </span>78<span class=\"_ _3\"></span>6<span class=\"_ _9e\"> </span></span>127<span class=\"_ _a8\"> </span>972Amortissements cumul\u00e9s<span class=\"_ _275\"> </span>-<span class=\"_ _58\"> </span>(44)<span class=\"_ _d1\"> </span>(<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>43)<span class=\"_ _186\"> </span>(88)<span class=\"_ _c2\"> </span>(875)(1) Correspond au tr<span class=\"_ _0\"></span>ansfert d\u2019immobilisations corporelles en cours vers les installations techniques<span class=\"_ _0\"></span>, mat\u00e9riels <span class=\"ls5e ws5e\">et </span>outillages.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-94-3": {
   "value": "Les <span class=\"_ _3b\"></span>immobilisations <span class=\"_ _3b\"></span>corporelles <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3b\"></span>diminu\u00e9 des <span class=\"_ _46\"> </span>amortissements <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>d\u00e9pr\u00e9ciations <span class=\"_ _61\"> </span>\u00e9ventuelles<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _46\"> </span>est calcul\u00e9 <span class=\"_ _61\"> </span>essentiellement <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>m\u00e9thode <span class=\"_ _61\"> </span>lin\u00e9aire <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_ _61\"> </span>de volumes <span class=\"_ _3b\"></span>d\u00e9croissants <span class=\"_ _37\"></span>selon <span class=\"_ _37\"></span>la <span class=\"_ _44\"></span>m\u00e9thode <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>unit\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>production <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la dur\u00e9e <span class=\"_ _44\"> </span>d\u2019utilit\u00e9 <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>comprise <span class=\"_ _44\"> </span>entre <span class=\"_ _44\"> </span>20 <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>40 <span class=\"_\"> </span>ans <span class=\"_ _44\"> </span>pour <span class=\"_\"> </span>les constructions <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>1 <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>12 <span class=\"_ _60\"> </span>ans <span class=\"_ _60\"> </span>pour <span class=\"_ _64\"> </span>les <span class=\"_ _61\"> </span>installations <span class=\"_ _60\"> </span>techniques, mat\u00e9riels et <span class=\"_ _3\"></span>outillages. P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>certaines immobilisations <span class=\"_ _3\"></span>complexes<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>chaque composant <span class=\"_ _65\"> </span>significatif <span class=\"_ _65\"> </span>poss\u00e9dant <span class=\"_ _66\"> </span>une <span class=\"_ _65\"> </span>dur\u00e9e <span class=\"_ _65\"> </span>d\u2019utilit\u00e9 <span class=\"_ _66\"> </span>ou <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>mode d\u2019<span class=\"_ _0\"></span>amortissement <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>est <span class=\"_ _60\"> </span>comptabilis\u00e9 <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>mani\u00e8re <span class=\"_ _60\"> </span>individuelle, amorti <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>propre <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>suivi <span class=\"_ _3\"></span>sp\u00e9cifique pour les d\u00e9penses ult\u00e9rieures qui lui sont li\u00e9es<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsDes <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>utilis\u00e9es <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>\u00e9valuer <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>de vie <span class=\"_ _3b\"></span>attendue <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"></span>afin <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>leurs <span class=\"_ _37\"></span>dur\u00e9es <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>amortissement et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>(ii) <span class=\"_ _44\"></span>constater<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant, <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>au bilan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>immobilisations. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>estimations <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>d\u00e9terminer <span class=\"_ _3\"></span>la dur\u00e9e de vie attendue <span class=\"_ _3\"></span>des immobilisations sont <span class=\"_ _3\"></span>indiqu\u00e9es dans le <span class=\"_ _3\"></span>manuel des <span class=\"_ _60\"> </span>principes <span class=\"_ _64\"> </span>comptables <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>Groupe <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>appliqu\u00e9es <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>fa\u00e7on homog\u00e8ne par toutes les entit\u00e9s du Groupe<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-97-2": {
   "value": "4<span class=\"_ _3\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">Dr<span class=\"_ _0\"></span>oits d\u2019utilisation</span>Le <span class=\"ls0 ws0\">Groupe a adopt\u00e9 la <span class=\"_ _3\"></span>norme IFRS\ue61f16 au 1\ue61fjanvier 2019. La norme fournit </span>un <span class=\"_ _66\"> </span>mod\u00e8le <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>comptabilisation <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>contrats <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>location <span class=\"_ _66\"> </span>unique, obligeant <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>preneur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>comptabiliser <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>tous <span class=\"_ _3b\"></span>les contrats <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>location, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inf\u00e9rieure ou <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>12 <span class=\"_ _3b\"></span>mois <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019actif <span class=\"_ _3\"></span>sous<span class=\"ff9f1\">\u2011</span>jacent <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>faible <span class=\"_ _3b\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>valeur initiale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>droits <span class=\"_ _37\"></span>d\u2019utilisation <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2018actif <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>somme <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur actuelle des <span class=\"_ _3\"></span>loyers <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de location <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>frais directs <span class=\"_ _3\"></span>encourus lors <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>conclusion <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>modification <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>location. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>Groupe amortit <span class=\"_ _3\"></span>ses droits d\u2019utilisation <span class=\"_ _3\"></span>\u00e0 l\u2019actif selon la <span class=\"_ _3\"></span>m\u00e9thode lin\u00e9aire, \u00e0 partir <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>pr\u00eat \u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>utilis\u00e9 <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin du bail.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>location, <span class=\"_ _37\"></span>principalement <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>immeubles, prend <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat <span class=\"_ _3b\"></span>non <span class=\"_ _3b\"></span>r\u00e9siliable, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat r\u00e9siliable <span class=\"_ _6c\"> </span>et <span class=\"_ _2a\"> </span>les <span class=\"_ _2a\"> </span>options <span class=\"_ _6c\"> </span>d\u2019extension, <span class=\"_ _6c\"> </span>lorsque <span class=\"_ _6c\"> </span>le <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>est raisonnablement <span class=\"_\"> </span>certain <span class=\"_ _44\"> </span>d\u2019ex<span class=\"_ _0\"></span>ercer <span class=\"_\"> </span>ces <span class=\"_\"> </span>options <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>extension. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_\"> </span></span>Groupe r\u00e9\u00e9value <span class=\"_ _37\"> </span>s\u2019il <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>raisonnablement <span class=\"_ _37\"> </span>certain <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>appr\u00e9ciant <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>informations suivantes\ue61f:\u2022la dur\u00e9e d\u2019<span class=\"_ _0\"></span>amortissement des am\u00e9nagements\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>\u00e9volution des loyers par rapport aux prix du march\u00e9\ue61f;\u2022visibilit\u00e9 sur l\u2019<span class=\"_ _0\"></span>activit\u00e9 commerciale de chaque site.T<span class=\"_ _23\"></span>otal droits (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Immobilier<span class=\"_ _7e\"> </span>Autresd\u2019utilisationerAu 1<span class=\"_ _6f\"> </span><span class=\"ff9f3\">\ue662janvier 2021, net<span class=\"_ _20c\"> </span>129<span class=\"_ _21\"> </span>19<span class=\"_ _15a\"> </span></span>148Nouveaux contrats<span class=\"_ _1ca\"> </span>27<span class=\"_ _21\"> </span>22<span class=\"_ _15e\"> </span>51Modifications de contrat<span class=\"_ _2ad\"> </span>18<span class=\"_ _153\"> </span>-<span class=\"_ _15e\"> </span>18T<span class=\"_ _f\"></span>ransferts<span class=\"_ _308\"> </span>(21)<span class=\"_ _153\"> </span>-<span class=\"_ _1a1\"> </span>(<span class=\"_ _3\"></span>21)Amortissements<span class=\"_ _309\"> </span>(35)<span class=\"_ _15a\"> </span>(17)<span class=\"_ _158\"> </span>(52)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _29f\"> </span>(8)<span class=\"_ _151\"> </span>-<span class=\"_ _ee\"> </span>(8)Autres<span class=\"_ _30a\"> </span>6<span class=\"_ _53\"> </span>2<span class=\"_ _53\"> </span>9Au 31\ue662d\u00e9cembre 2021, net<span class=\"_ _2ea\"> </span><span class=\"ff9f2\">117<span class=\"_ _e9\"> </span></span>26<span class=\"_ _249\"> </span><span class=\"ff9f2\">143</span>Nouveaux contrats des activit\u00e9s poursuivies<span class=\"_ _306\"> </span>1<span class=\"_ _53\"> </span>6<span class=\"_ _228\"> </span>7Nouveaux contrats des activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cession<span class=\"_ _9d\"> </span>3<span class=\"_ _165\"> </span>19<span class=\"_ _21\"> </span>22(1)Modifications de contrat\ue61f<span class=\"_ _1d5\"> </span>38<span class=\"_ _53\"> </span>2<span class=\"_ _165\"> </span>41T<span class=\"_ _f\"></span>ransferts<span class=\"_ _30b\"> </span>4<span class=\"_ _151\"> </span>-<span class=\"_ _53\"> </span>4Amortissements<span class=\"_ _309\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _1a1\"> </span>(15)<span class=\"_ _158\"> </span>(48)P<span class=\"_ _0\"></span>ertes de valeurs d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _29f\"> </span>(2)<span class=\"_ _151\"> </span>-<span class=\"_ _e8\"> </span>(2)Autres<span class=\"_ _30a\"> </span>4<span class=\"_ _53\"> </span>2<span class=\"_ _53\"> </span>6V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _30c\"> </span>(81)<span class=\"_ _158\"> </span>(34)<span class=\"_ _15f\"> </span>(116)AU 31\ue662D\u00c9CEMBRE 2022, NET<span class=\"_ _122\"> </span><span class=\"ff9f2\">51<span class=\"_ _53\"> </span>5<span class=\"_ _ef\"> </span></span>56(1) R\u00e9\u00e9<span class=\"_ _0\"></span>valuation des droits d\u2019utilisation du fait de changement dans les termes contr<span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>tuels.<span class=\"_ _b4\"> </span>\ue61f<span class=\"_ _7\"> </span>\ue61f<span class=\"_ _7\"> </span>\ue61f\ue61fAu 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>lou\u00e9s comprennent <span class=\"_ _3\"></span>principalement des <span class=\"_ _3\"></span>bureaux et <span class=\"_ _3\"></span>autres baux <span class=\"_ _3\"></span>immobiliers (91\ue61f%), <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>mat\u00e9riel informatique <span class=\"_ _3\"></span>(7\ue61f%) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>autres (2\ue61f%).Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">total <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sorties <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>(hors <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>court <span class=\"_ _3b\"></span>terme <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>contrats <span class=\"_ _3b\"></span>de </span>location d\u2019<span class=\"_ _0\"></span>actifs de faible valeur) s\u2019<span class=\"_ _1\"></span>est \u00e9lev\u00e9 \u00e0 39\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os au cours de l\u2019<span class=\"_ _0\"></span>exercice clos le 31\ue61fd\u00e9cembre 2022.Une analyse de l\u2019<span class=\"_ _1\"></span>\u00e9ch\u00e9ance du passif de location est pr\u00e9sent\u00e9e \u00e0 la note 8.5.5<span class=\"_ _0\"></span>.Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition, <span class=\"_ _3\"></span>les <span class=\"_ _37\"> </span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>projets <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9veloppement <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un test <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>ann\u00e9e <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>quatri\u00e8me <span class=\"_ _3\"></span>trimestre, <span class=\"_ _3\"></span>mis \u00e0 jour \u00e0 fin d\u00e9cembre, ainsi qu\u2019<span class=\"_ _0\"></span>\u00e0 chaque fois que des indicateurs <span class=\"_ _3\"></span>montrent qu\u2019une perte de valeur a pu \u00eatre encourue<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>r\u00e9aliser les <span class=\"_ _3\"></span>tests <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>sont regroup\u00e9s <span class=\"_ _3\"></span>au niveau le <span class=\"_ _46\"> </span>plus <span class=\"_ _61\"> </span>bas <span class=\"_\"> </span>auquel <span class=\"_ _61\"> </span>ces <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>peuvent <span class=\"_\"> </span>g\u00e9n\u00e9rer <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>tr\u00e9sorerie ind\u00e9pendants <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>autres <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>allou\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>une unit\u00e9 <span class=\"_ _61\"> </span>g\u00e9n\u00e9ratrice <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>(UGT<span class=\"_ _3\"></span>) <span class=\"_ _61\"> </span>regroupant <span class=\"_ _61\"> </span>plusieurs <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficieront <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>synergies <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>acquisitions. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _73\"> </span>a <span class=\"_ _13\"> </span>identifi\u00e9 <span class=\"_ _13\"> </span>deux <span class=\"_ _13\"> </span>UGT\ue61dcorrespondant <span class=\"_ _73\"> </span>aux <span class=\"_ _13\"> </span>segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3\"></span>corporelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>incorporelles <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vie <span class=\"_ _3\"></span>d\u00e9finie <span class=\"_ _3b\"></span>et les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>tests <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>uniquement lorsque, <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cl\u00f4ture<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>\u00e9v\u00e9nements <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>circonstances indiquent <span class=\"_ _64\"> </span>qu\u2019une <span class=\"_ _65\"> </span>perte <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>valeur <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>pu <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>subie. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>principaux indicateurs d\u2019un <span class=\"_ _3\"></span>risque de perte <span class=\"_ _3\"></span>de valeur de <span class=\"_ _3\"></span>ces immobilisations incluent l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _d\"> </span>de <span class=\"_ _20\"> </span>changements <span class=\"_ _d\"> </span>significatifs <span class=\"_ _d\"> </span>dans <span class=\"_ _20\"> </span>l\u2019<span class=\"_ _1\"></span>environnement \u00e9conomique <span class=\"_\"> </span>des <span class=\"_\"> </span>actifs, <span class=\"_\"> </span>une <span class=\"_\"> </span>baisse <span class=\"_\"> </span>importante <span class=\"_\"> </span>dans <span class=\"_\"> </span>les <span class=\"_\"> </span>performances \u00e9conomiques <span class=\"_ _61\"> </span>attendues <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>actifs, <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>baisse <span class=\"_ _61\"> </span>importante <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>chi\ue61cre d\u2019<span class=\"_ _0\"></span>a\ue61caires ou de <span class=\"_ _3\"></span>la marge par rapport \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice pr\u00e9c\u00e9dent et par <span class=\"_ _3\"></span>rapport au budget ou une baisse de la part de march\u00e9 du Gr<span class=\"_ _0\"></span>oupe.Le <span class=\"ls0 ws0\">test de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation consiste \u00e0 comparer la valeur nette comptable de </span>l\u2019<span class=\"_ _0\"></span>actif avec <span class=\"_ _3\"></span>sa valeur recouvrable<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>celle<span class=\"ff9fb\">\u2011</span>ci \u00e9tant d\u00e9finie <span class=\"_ _3\"></span>comme le montant le <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>\u00e9lev\u00e9 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>(diminu\u00e9e <span class=\"_ _37\"></span>du <span class=\"_ _37\"> </span>co\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cession) <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la valeur d\u2019utilit\u00e9<span class=\"_ _0\"></span>.La juste valeur (diminu\u00e9e du co\u00fbt de cession) correspond au montant qui peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>obtenu <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>vente <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_ _46\"> </span>d\u2019une <span class=\"_ _46\"> </span>UGT<span class=\"_ _3\"></span>) <span class=\"_\"> </span>lors <span class=\"_ _61\"> </span>d\u2019une transaction <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>conditions <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>concurrence <span class=\"_ _64\"> </span>normale <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>des parties <span class=\"_ _3\"></span>bien <span class=\"_ _3\"></span>inform\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>consentantes, <span class=\"_ _3\"></span>diminu\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sortie. <span class=\"_ _3\"></span>Elle peut <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>(ou <span class=\"_ _3b\"></span>pour l\u2019UGT<span class=\"_ _3\"></span>) ou en utilisant <span class=\"_ _3\"></span>une m\u00e9thode bas\u00e9e sur <span class=\"_ _3\"></span>les \ufb02ux futurs de <span class=\"_ _3\"></span>tr\u00e9sorerie actualis\u00e9s, <span class=\"_ _3b\"></span>\u00e9tablis <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>perspective <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9, <span class=\"_ _3\"></span>qui <span class=\"_ _37\"></span>inclut les entr\u00e9es <span class=\"_ _3\"></span>et les <span class=\"_ _3\"></span>sorties <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>futures estim\u00e9es <span class=\"_ _3\"></span>susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre g\u00e9n\u00e9r\u00e9es <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>restructurations <span class=\"_ _65\"> </span>futur<span class=\"_ _0\"></span>es <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>am\u00e9lioration <span class=\"_ _65\"> </span>ou l\u2019<span class=\"_ _0\"></span>accroissement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>exclut <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>synergies attendues avec d\u2019<span class=\"_ _0\"></span>autres UGT du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>d\u2019utilit\u00e9 <span class=\"_ _3\"></span>correspond <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>des \ufb02ux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie futurs attendus de l\u2019<span class=\"_ _0\"></span>actif ou de l\u2019UGT<span class=\"_ _1\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>recouvrable, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>utilise <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>estimations des <span class=\"_ _47\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _47\"> </span>avant <span class=\"_ _44\"> </span>imp\u00f4t <span class=\"_\"> </span>actualis\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif incluant <span class=\"_\"> </span>une <span class=\"_\"> </span>valeur <span class=\"_\"> </span>terminale <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_\"> </span>\u00e9ch\u00e9ant. <span class=\"_\"> </span>Ces <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>sont <span class=\"_\"> </span>issus <span class=\"_\"> </span>des budgets <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>plus <span class=\"_ _44\"> </span>r\u00e9cents <span class=\"_ _44\"> </span>approuv\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>estim\u00e9s <span class=\"_ _3\"></span>sont actualis\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>taux de march\u00e9 long <span class=\"_ _3\"></span>terme avant <span class=\"_ _3\"></span>imp\u00f4t, qui re\ufb02\u00e8te <span class=\"_ _3\"></span>la valeur temps <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>argent et les risques sp\u00e9cifiques des actifs.Lorsque <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>valeur <span class=\"_ _60\"> </span>recouvrable <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _61\"> </span>(ou <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>actifs) <span class=\"_ _60\"> </span>est inf\u00e9rieure <span class=\"_ _63\"> </span>\u00e0 <span class=\"_ _63\"> </span>sa <span class=\"_ _6b\"> </span>valeur <span class=\"_ _63\"> </span>nette <span class=\"_ _6b\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_ _6b\"> </span>une <span class=\"_ _63\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _63\"> </span>est comptabilis\u00e9e <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>\u00ab\ue61dP<span class=\"_ _0\"></span>ertes <span class=\"_\"> </span>de <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>actifs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>exploitation <span class=\"_\"> </span>non courants\ue61d\u00bb <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>poursuivies <span class=\"_\"> </span>ou <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant <span class=\"_\"> </span>en <span class=\"_\"> </span>r\u00e9sultat <span class=\"_\"> </span>des activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. Conform\u00e9ment <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>IAS\ue61d36, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation <span class=\"_ _47\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition ne peut jamais faire l\u2019<span class=\"_ _1\"></span>objet d\u2019une reprise.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _6f\"> </span>valeur <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>comptes <span class=\"_ _6f\"> </span>consolid\u00e9s <span class=\"_ _6f\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3\"></span>ayant <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _65\"> </span>est <span class=\"_ _65\"> </span>revue <span class=\"_ _65\"> </span>annuellement <span class=\"_ _66\"> </span>conform\u00e9ment <span class=\"_ _65\"> </span>aux <span class=\"_ _65\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9alisation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tests <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>pour d\u00e9pr\u00e9ciation <span class=\"_ _65\"> </span>constitue <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>principe <span class=\"_ _66\"> </span>comptable <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sujet <span class=\"_ _66\"> </span>\u00e0 estimations <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>jugements <span class=\"_ _44\"> </span>car <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>d\u00e9termination <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>valeurs <span class=\"_ _37\"> </span>recouvrables des <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>acquisition <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>incorporelles <span class=\"_ _44\"> </span>ayant <span class=\"_ _44\"> </span>une dur\u00e9e <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>vie <span class=\"_ _6f\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _4c\"> </span>suppose <span class=\"_ _4c\"> </span>l\u2019utilisation <span class=\"_ _4c\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _6f\"> </span>qui n\u00e9cessitent <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>jugement <span class=\"_ _65\"> </span>telles <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>(i) <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_\"> </span>n\u00e9cessaires <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actualisation <span class=\"_\"> </span>des <span class=\"_\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>les <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>ou <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>unit\u00e9s <span class=\"_ _46\"> </span>g\u00e9n\u00e9ratrices <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>tr\u00e9sorerie, <span class=\"_\"> </span>(ii) <span class=\"_ _61\"> </span>la d\u00e9termination <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>op\u00e9rationnels <span class=\"_ _3b\"></span>futurs, <span class=\"_ _3b\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>leur valeur <span class=\"_ _1c7\"> </span>terminale, <span class=\"_ _1c7\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _73\"> </span>du <span class=\"_ _1c7\"> </span>chi\ue61cre <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61caires <span class=\"_ _1c7\"> </span>li\u00e9 <span class=\"_ _1c7\"> </span>aux immobilisations <span class=\"_ _65\"> </span>test\u00e9es, <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>marge <span class=\"_ _65\"> </span>op\u00e9rationnelle <span class=\"_ _65\"> </span>attach\u00e9e <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les p\u00e9riodes futures concern\u00e9es et le taux de redev<span class=\"_ _0\"></span>ances pour les marques.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">compl\u00e9ment <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>test <span class=\"_ _3\"></span>annuel <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>revoit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>chaque </span>date <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>arr\u00eat\u00e9 <span class=\"_ _3\"></span>certains <span class=\"_ _3b\"></span>indicateurs <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>conduire, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, \u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>test <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>consid\u00e8re <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>mises <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>jour <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>croissance <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>chi\ue61cre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61caires<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>valeurs <span class=\"_ _3b\"></span>terminales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les taux de redevances sont raisonnables et en <span class=\"_ _3\"></span>ligne avec les informations de march\u00e9 mises \u00e0 jour disponibles pour chaque <span class=\"ls6 ws6\">U<span class=\"_ _3b\"></span>G<span class=\"_ _3b\"></span>T.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-98-4": {
   "value": "Le <span class=\"ls0 ws0\">Groupe a adopt\u00e9 la <span class=\"_ _3\"></span>norme IFRS\ue61f16 au 1\ue61fjanvier 2019. La norme fournit </span>un <span class=\"_ _66\"> </span>mod\u00e8le <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>comptabilisation <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>contrats <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>location <span class=\"_ _66\"> </span>unique, obligeant <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>preneur <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>comptabiliser <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>tous <span class=\"_ _3b\"></span>les contrats <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>location, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>location <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>inf\u00e9rieure ou <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>12 <span class=\"_ _3b\"></span>mois <span class=\"_ _37\"></span>ou <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019actif <span class=\"_ _3\"></span>sous<span class=\"ff9f1\">\u2011</span>jacent <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>faible <span class=\"_ _3b\"></span>valeur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>La <span class=\"_ _3b\"></span>valeur initiale <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>droits <span class=\"_ _37\"></span>d\u2019utilisation <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2018actif <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9gale <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>somme <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur actuelle des <span class=\"_ _3\"></span>loyers <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de location <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>frais directs <span class=\"_ _3\"></span>encourus lors <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>conclusion <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>modification <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>contrat <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>location. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> </span>Groupe amortit <span class=\"_ _3\"></span>ses droits d\u2019utilisation <span class=\"_ _3\"></span>\u00e0 l\u2019actif selon la <span class=\"_ _3\"></span>m\u00e9thode lin\u00e9aire, \u00e0 partir <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>d\u2019utilisation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>pr\u00eat \u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>utilis\u00e9 <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin du bail.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>location, <span class=\"_ _37\"></span>principalement <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>immeubles, prend <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>compte <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat <span class=\"_ _3b\"></span>non <span class=\"_ _3b\"></span>r\u00e9siliable, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>contrat r\u00e9siliable <span class=\"_ _6c\"> </span>et <span class=\"_ _2a\"> </span>les <span class=\"_ _2a\"> </span>options <span class=\"_ _6c\"> </span>d\u2019extension, <span class=\"_ _6c\"> </span>lorsque <span class=\"_ _6c\"> </span>le <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>est raisonnablement <span class=\"_\"> </span>certain <span class=\"_ _44\"> </span>d\u2019ex<span class=\"_ _0\"></span>ercer <span class=\"_\"> </span>ces <span class=\"_\"> </span>options <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>extension. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_\"> </span></span>Groupe r\u00e9\u00e9value <span class=\"_ _37\"> </span>s\u2019il <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>raisonnablement <span class=\"_ _37\"> </span>certain <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>appr\u00e9ciant <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>informations suivantes\ue61f:\u2022la dur\u00e9e d\u2019<span class=\"_ _0\"></span>amortissement des am\u00e9nagements\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>\u00e9volution des loyers par rapport aux prix du march\u00e9\ue61f;\u2022visibilit\u00e9 sur l\u2019<span class=\"_ _0\"></span>activit\u00e9 commerciale de chaque site.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-101-2": {
   "value": "4.5<span class=\"_ _6a\"> </span>P<span class=\"_ _1\"></span>ertes de valeur nettes sur actifs d\u2019<span class=\"_ _1\"></span>exploitation non courantsTechnicolor Creative Maison Corporat<span class=\"_ _0\"></span>e(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)StudiosConnect\u00e9e<span class=\"_ _1da\"> </span><span class=\"ls66 ws66\">SCS</span>&amp;\ue662Autres<span class=\"_ _1e1\"> </span><span class=\"ffa02\">T<span class=\"_ _f\"></span>otal</span>2022<span class=\"_ _128\"> </span><span class=\"ffa04\">\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _18e\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662</span>P<span class=\"_ _0\"></span>ertes de valeur sur \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition<span class=\"_ _30d\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations incorporelles<span class=\"_ _99\"> </span>-<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations corporelles<span class=\"_ _30e\"> </span>-<span class=\"_ _178\"> </span>(1)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>2)P<span class=\"_ _0\"></span>ertes de valeur sur droits d\u2019utilisation<span class=\"_ _2d3\"> </span>(1)<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _178\"> </span>(1)P<span class=\"_ _0\"></span>ertes de valeur sur actifs d\u2019<span class=\"_ _0\"></span>exploitation non courants<span class=\"_ _104\"> </span><span class=\"ffa02\">(1)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span>(2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(6)</span></span>Reprise de perte de valeur sur immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _79\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-PERTE DE V<span class=\"_ _1\"></span>ALEUR NETTE SUR ACTIFS D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION (1)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span>(2)<span class=\"_ _1cf\"> </span>-<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)</span>NON\ue662COURANT<span class=\"_ _0\"></span>S2021<span class=\"_ _11f\"> </span><span class=\"ffa04\">\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _18e\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662<span class=\"_ _30\"> </span>\ue662</span>P<span class=\"_ _0\"></span>ertes de valeur sur \u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition<span class=\"_ _30d\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations incorporelles<span class=\"_ _30f\"> </span>(2)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1cf\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1a4\"> </span>(3)P<span class=\"_ _0\"></span>ertes de valeur sur immobilisations corporelles<span class=\"_ _30e\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _17d\"> </span>(1)<span class=\"_ _17d\"> </span>(1)<span class=\"_ _1a4\"> </span>(<span class=\"_ _3\"></span>3)P<span class=\"_ _0\"></span>ertes de valeur sur droits d\u2019utilisation<span class=\"_ _295\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9a\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1a4\"> </span>(3)<span class=\"_ _197\"> </span>-<span class=\"_ _9a\"> </span>(8)P<span class=\"_ _0\"></span>ertes de valeur sur actifs d\u2019<span class=\"_ _0\"></span>exploitation non courants<span class=\"_ _310\"> </span><span class=\"ffa02\">(5)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _197\"> </span></span>-<span class=\"_ _d7\"> </span>(13)</span>Reprise de perte de valeur sur immobilisations incorpor<span class=\"_ _0\"></span>elles<span class=\"_ _79\"> </span>-<span class=\"_ _197\"> </span>-<span class=\"_ _1cf\"> </span>-<span class=\"_ _19b\"> </span>2<span class=\"_ _23f\"> </span>2PERTE DE V<span class=\"_ _1\"></span>ALEUR NETTE SUR ACTIFS D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION (5)<span class=\"_ _74\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _9e\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _1cf\"> </span></span>1<span class=\"_ _191\"> </span>(11)NON\ue662COURANT<span class=\"_ _0\"></span>S\ue61fAu <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3b\"></span>2022, <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>les droits <span class=\"_\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>1\ue61fmillion <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>euros <span class=\"_\"> </span>contre <span class=\"_\"> </span>8\ue61fmillions <span class=\"_ _44\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_\"> </span>en <span class=\"_\"> </span>2021. 6\ue61fmillions <span class=\"_ _4c\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _4c\"> </span>ont <span class=\"_ _4c\"> </span>\u00e9t\u00e9 <span class=\"_ _6f\"> </span>comptabilis\u00e9s <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>ligne <span class=\"_ _6f\"> </span>\"Co\u00fbts <span class=\"_ _66\"> </span>de restructuration\" <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>compte <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>2021 <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>re\ufb02\u00e8tent <span class=\"_ _37\"></span>les <span class=\"_ _44\"></span>e\ue61dorts <span class=\"_ _3b\"></span>du Groupe pour <span class=\"_ _3\"></span>r\u00e9duire son <span class=\"_ _3\"></span>empreinte <span class=\"_ _3\"></span>immobili\u00e8re notamment <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>Am\u00e9rique du <span class=\"ls4 ws4\">Nord </span>(\u00c9tats<span class=\"ffa05\">\u2011</span>Unis et Canada).D<span class=\"_ _0\"></span>ans <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cadre <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>d\u00e9termination <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>recouvrable <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>pour le <span class=\"_ _3\"></span>test <span class=\"_ _3\"></span>de d\u00e9pr\u00e9ciation, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3\"></span>concernent <span class=\"_ _3\"></span>les sc\u00e9narios de <span class=\"_\"> </span>revenus <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>sous<span class=\"ffa05\">\u2011</span>location <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>ont <span class=\"_ _46\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>d\u00e9termin\u00e9s <span class=\"_ _46\"> </span>compte <span class=\"_ _61\"> </span>tenu <span class=\"_\"> </span>des conditions \u00e9conomiques actuelles et des valeurs de march\u00e9 disponibles<span class=\"_ _0\"></span>.4.5.<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span>Princip<span class=\"_ _0\"></span>ales hypoth\u00e8ses au 31\ue61fd\u00e9cembre 2022D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>test <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _37\"></span>annuel, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>utilis\u00e9 <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>hypoth\u00e8ses <span class=\"_ _37\"></span>suivantes <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>d\u00e9terminer <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>recouvrable <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>principales <span class=\"_ _37\"> </span>unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _0\"></span>erie\ue61f:\ue61fMaison Connect\u00e9e<span class=\"_ _7\"> </span><span class=\"ls66 ws66\">SCS</span>M\u00e9thode utilis\u00e9e pour d\u00e9terminer la valeur recouvr<span class=\"_ _0\"></span>able<span class=\"_ _311\"> </span>Juste valeur<span class=\"_ _1a4\"> </span>Juste valeurDescription des hypoth\u00e8ses cl\u00e9s<span class=\"_ _312\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61fP<span class=\"_ _0\"></span>\u00e9riode de projection des \ufb02ux futurs de tr\u00e9sorerie<span class=\"_ _14c\"> </span>5 ann\u00e9es<span class=\"_ _10a\"> </span>*T<span class=\"_ _23\"></span>aux de croissance utilis\u00e9 pour extrapoler les \ufb02ux de tr\u00e9sorerie au<span class=\"_ _0\"></span>\u2011<span class=\"ffa0a\">del\u00e0 de la p\u00e9riode de projection\ue61f:<span class=\"_ _1f5\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61f</span>au 31\ue61fd\u00e9cembre 2022<span class=\"_ _313\"> </span>1,0\ue61f%<span class=\"_ _10a\"> </span>*au 31\ue61fd\u00e9cembre 2021<span class=\"_ _261\"> </span>1,0\ue61f%<span class=\"_ _19\"> </span>*T<span class=\"_ _23\"></span>aux d\u2019<span class=\"_ _0\"></span>actualisation apr\u00e8s imp\u00f4t utilis\u00e9\ue61f:<span class=\"_ _314\"> </span>\ue61f<span class=\"_ _eb\"> </span>\ue61fau 31\ue61fd\u00e9cembre 2022<span class=\"_ _30a\"> </span>10,0\ue61f%<span class=\"_ _183\"> </span>13,0\ue61f%au 31\ue61fd\u00e9cembre 2021<span class=\"_ _261\"> </span>9<span class=\"_ _1\"></span>,8\ue61f%<span class=\"_ _53\"> </span>9,9\ue61f%*\ue61f\ue61f\ue61f\ue61fIl a <span class=\"ls63 ws63\">\u00e9t\u00e9 <span class=\"_ _3\"></span></span>consid\u00e9r\u00e9 que le chi\ue61ere d\u2019a\ue61e<span class=\"_ _0\"></span>aires g\u00e9n\u00e9r\u00e9 de l\u2019activit\u00e9 r\u00e9plication <span class=\"ls5e ws5e\">et </span>distribution sera susceptible de d\u00e9cliner <span class=\"_ _3\"></span>dans le temps <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>de surcro\u00eet a une dur\u00e9e de vie <span class=\"_ _3\"></span>finie. Les autres lignes de chi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires ont un taux de croissance \u00e0 long terme de 2\ue61f%.\ue61fP<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>l\u2019UGT <span class=\"_ _37\"></span><span class=\"ls69 ws69\">SC<span class=\"_ _3\"></span>S,<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>en <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>absence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>engageant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date de <span class=\"_ _3\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>actif <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3b\"></span>r\u00e9centes <span class=\"_ _3\"></span>comparables<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>des projections <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>actualis\u00e9s <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>utilis\u00e9es <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>estimer <span class=\"_ _3b\"></span>la juste <span class=\"_ _64\"> </span>valeur <span class=\"_ _64\"> </span>diminu\u00e9e <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>co\u00fbts <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>vente. <span class=\"_ _64\"> </span>La <span class=\"_ _64\"> </span>Direction <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva consid\u00e8re <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>diminu\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vente <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode la <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>appropri\u00e9e <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>estimer <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _37\"> </span>UGT <span class=\"_ _44\"> </span>car <span class=\"_ _37\"> </span>elle <span class=\"_ _44\"> </span>prend <span class=\"_ _37\"></span>en compte <span class=\"_ _60\"> </span>les <span class=\"_ _64\"> </span>futures <span class=\"_ _60\"> </span>mesures <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>restructuration <span class=\"_ _60\"> </span>que <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>Groupe <span class=\"_ _60\"> </span>devra prendre <span class=\"_ _3b\"></span>face <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"> </span>un <span class=\"_ _37\"> </span>changement <span class=\"_ _37\"> </span>rapide <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>environnement <span class=\"_ _37\"></span>technologique. A <span class=\"_ _65\"> </span>titr<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>d\u2019information, <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>co\u00fbts <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>restructuration <span class=\"_ _64\"> </span>se <span class=\"_ _65\"> </span>sont <span class=\"_ _64\"> </span>\u00e9lev\u00e9s <span class=\"_ _65\"> </span>\u00e0 33\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2020, 17\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>en 2021 et 12\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en <span class=\"_ _3b\"></span>2022. <span class=\"_ _37\"> </span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>telles <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>restructuration <span class=\"_ _3b\"></span>seraient <span class=\"_ _3b\"></span>envisag\u00e9es <span class=\"_ _37\"> </span>par <span class=\"_ _37\"></span>tout acteur <span class=\"_ _64\"> </span>du <span class=\"_ _65\"> </span>march\u00e9 <span class=\"_ _64\"> </span>compte <span class=\"_ _65\"> </span>tenu <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>environnement <span class=\"_ _65\"> </span>\u00e9conomique <span class=\"_ _64\"> </span>de l\u2019<span class=\"_ _0\"></span>entreprise.Les <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>de <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>\u00e9sorerie <span class=\"_\"> </span>actualis\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span><span class=\"ls4 ws4\">SCS <span class=\"_\"> </span></span>int\u00e8grent <span class=\"_\"> </span>les <span class=\"_\"> </span>chi\ue61dres <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>a\ue61daires historiques <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>r\u00e9plication <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>distribution <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>disques, ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>ceux de <span class=\"_\"> </span>la <span class=\"_\"> </span>diversification <span class=\"_\"> </span>(<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>inyl, <span class=\"_\"> </span>Dispositifs <span class=\"_\"> </span>micro\ufb02uidiques <span class=\"_\"> </span>et <span class=\"_\"> </span>Distribution <span class=\"_\"> </span>&amp; Logistique). <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _3b\"></span>dite <span class=\"_ _3b\"></span>historique <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>celle <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>vinyle <span class=\"_ _37\"></span>ont <span class=\"_ _3b\"></span>une dur\u00e9e <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>vie <span class=\"_ _61\"> </span>finie <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _46\"> </span>15 <span class=\"_ _61\"> </span>ans, <span class=\"_ _61\"> </span>tandis <span class=\"_ _46\"> </span>que <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>autres <span class=\"_ _61\"> </span>activit\u00e9s <span class=\"_ _46\"> </span>de croissance ont int\u00e9gr\u00e9 un taux de cr<span class=\"_ _0\"></span>oissance \u00e0 long terme de 2 %.Le <span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>a enregistr\u00e9 aucune <span class=\"_ _3\"></span>perte de <span class=\"_ _3\"></span>valeur sur \u00e9carts <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition en </span>2022.4.5.2Sensibilit\u00e9 des pertes de valeur au\ue61f31\ue61fd\u00e9cembre 2022P<span class=\"_ _0\"></span>our Maison Connect\u00e9e\ue61f:\u2022une <span class=\"_ _64\"> </span>augmentation <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>1 <span class=\"_ _64\"> </span>point <span class=\"_ _64\"> </span>du <span class=\"_ _64\"> </span>taux <span class=\"_ _64\"> </span>d\u2019actualisation <span class=\"_ _60\"> </span>apr\u00e8s <span class=\"_ _64\"> </span>imp\u00f4t g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 76\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_ _44\"> </span>baisse <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>1 <span class=\"_ _44\"> </span>point <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>marge <span class=\"_ _44\"> </span>d\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>partir <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>2023 g\u00e9n\u00e9rerait <span class=\"_ _60\"> </span>une <span class=\"_ _64\"> </span>diminution <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>valeur <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>entreprise <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>218\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation.P<span class=\"_ _0\"></span>our Solutions Logistiques\ue61f:\u2022une <span class=\"_\"> </span>diminution <span class=\"_\"> </span>de <span class=\"_\"> </span>10\ue61f% <span class=\"_\"> </span>des <span class=\"_\"> </span>volumes <span class=\"_\"> </span>de <span class=\"_\"> </span>SD<span class=\"ffa0c\">\u2011</span>D<span class=\"_ _0\"></span>VD <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>partir <span class=\"_\"> </span>de <span class=\"_\"> </span>2023 g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 10\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une diminution de 10\ue61f% <span class=\"_ _3\"></span>des volumes de Vinyl \u00e0 partir de 2023 g\u00e9n\u00e9rerait une <span class=\"_ _60\"> </span>diminution <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>entreprise <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>5\ue61fmillions <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _60\"> </span>sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_\"> </span>augmentation <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>0,5 <span class=\"_ _46\"> </span>point <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_\"> </span>moyen <span class=\"_ _46\"> </span>pond\u00e9r\u00e9 <span class=\"_\"> </span>du <span class=\"_ _61\"> </span>capital g\u00e9n\u00e9rerait <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>diminution <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>d\u2019entr<span class=\"_ _0\"></span>eprise <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>9\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation\ue61f;\u2022une <span class=\"_\"> </span>diminution <span class=\"_\"> </span>de <span class=\"_\"> </span>1 <span class=\"_ _46\"> </span>point <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>marge <span class=\"_\"> </span>d\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _46\"> </span>\u00e0 <span class=\"_\"> </span>partir <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>2023 g\u00e9n\u00e9rerait une diminution de la valeur d\u2019<span class=\"_ _0\"></span>entreprise de 35\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sans donner lieu \u00e0 une d\u00e9pr\u00e9ciation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-4": {
   "value": "Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition, <span class=\"_ _3\"></span>les <span class=\"_ _37\"> </span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>projets <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9veloppement <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un test <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>ann\u00e9e <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>quatri\u00e8me <span class=\"_ _3\"></span>trimestre, <span class=\"_ _3\"></span>mis \u00e0 jour \u00e0 fin d\u00e9cembre, ainsi qu\u2019<span class=\"_ _0\"></span>\u00e0 chaque fois que des indicateurs <span class=\"_ _3\"></span>montrent qu\u2019une perte de valeur a pu \u00eatre encourue<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>r\u00e9aliser les <span class=\"_ _3\"></span>tests <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>sont regroup\u00e9s <span class=\"_ _3\"></span>au niveau le <span class=\"_ _46\"> </span>plus <span class=\"_ _61\"> </span>bas <span class=\"_\"> </span>auquel <span class=\"_ _61\"> </span>ces <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>peuvent <span class=\"_\"> </span>g\u00e9n\u00e9rer <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>tr\u00e9sorerie ind\u00e9pendants <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>autres <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>allou\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>une unit\u00e9 <span class=\"_ _61\"> </span>g\u00e9n\u00e9ratrice <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>(UGT<span class=\"_ _3\"></span>) <span class=\"_ _61\"> </span>regroupant <span class=\"_ _61\"> </span>plusieurs <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficieront <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>synergies <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>acquisitions. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _73\"> </span>a <span class=\"_ _13\"> </span>identifi\u00e9 <span class=\"_ _13\"> </span>deux <span class=\"_ _13\"> </span>UGT\ue61dcorrespondant <span class=\"_ _73\"> </span>aux <span class=\"_ _13\"> </span>segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3\"></span>corporelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>incorporelles <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vie <span class=\"_ _3\"></span>d\u00e9finie <span class=\"_ _3b\"></span>et les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>tests <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>uniquement lorsque, <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cl\u00f4ture<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>\u00e9v\u00e9nements <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>circonstances indiquent <span class=\"_ _64\"> </span>qu\u2019une <span class=\"_ _65\"> </span>perte <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>valeur <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>pu <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>subie. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>principaux indicateurs d\u2019un <span class=\"_ _3\"></span>risque de perte <span class=\"_ _3\"></span>de valeur de <span class=\"_ _3\"></span>ces immobilisations incluent l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _d\"> </span>de <span class=\"_ _20\"> </span>changements <span class=\"_ _d\"> </span>significatifs <span class=\"_ _d\"> </span>dans <span class=\"_ _20\"> </span>l\u2019<span class=\"_ _1\"></span>environnement \u00e9conomique <span class=\"_\"> </span>des <span class=\"_\"> </span>actifs, <span class=\"_\"> </span>une <span class=\"_\"> </span>baisse <span class=\"_\"> </span>importante <span class=\"_\"> </span>dans <span class=\"_\"> </span>les <span class=\"_\"> </span>performances \u00e9conomiques <span class=\"_ _61\"> </span>attendues <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>actifs, <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>baisse <span class=\"_ _61\"> </span>importante <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>chi\ue61cre d\u2019<span class=\"_ _0\"></span>a\ue61caires ou de <span class=\"_ _3\"></span>la marge par rapport \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice pr\u00e9c\u00e9dent et par <span class=\"_ _3\"></span>rapport au budget ou une baisse de la part de march\u00e9 du Gr<span class=\"_ _0\"></span>oupe.Le <span class=\"ls0 ws0\">test de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation consiste \u00e0 comparer la valeur nette comptable de </span>l\u2019<span class=\"_ _0\"></span>actif avec <span class=\"_ _3\"></span>sa valeur recouvrable<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>celle<span class=\"ff9fb\">\u2011</span>ci \u00e9tant d\u00e9finie <span class=\"_ _3\"></span>comme le montant le <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>\u00e9lev\u00e9 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>(diminu\u00e9e <span class=\"_ _37\"></span>du <span class=\"_ _37\"> </span>co\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cession) <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la valeur d\u2019utilit\u00e9<span class=\"_ _0\"></span>.La juste valeur (diminu\u00e9e du co\u00fbt de cession) correspond au montant qui peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>obtenu <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>vente <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_ _46\"> </span>d\u2019une <span class=\"_ _46\"> </span>UGT<span class=\"_ _3\"></span>) <span class=\"_\"> </span>lors <span class=\"_ _61\"> </span>d\u2019une transaction <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>conditions <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>concurrence <span class=\"_ _64\"> </span>normale <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>des parties <span class=\"_ _3\"></span>bien <span class=\"_ _3\"></span>inform\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>consentantes, <span class=\"_ _3\"></span>diminu\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sortie. <span class=\"_ _3\"></span>Elle peut <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>(ou <span class=\"_ _3b\"></span>pour l\u2019UGT<span class=\"_ _3\"></span>) ou en utilisant <span class=\"_ _3\"></span>une m\u00e9thode bas\u00e9e sur <span class=\"_ _3\"></span>les \ufb02ux futurs de <span class=\"_ _3\"></span>tr\u00e9sorerie actualis\u00e9s, <span class=\"_ _3b\"></span>\u00e9tablis <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>perspective <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9, <span class=\"_ _3\"></span>qui <span class=\"_ _37\"></span>inclut les entr\u00e9es <span class=\"_ _3\"></span>et les <span class=\"_ _3\"></span>sorties <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>futures estim\u00e9es <span class=\"_ _3\"></span>susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre g\u00e9n\u00e9r\u00e9es <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>restructurations <span class=\"_ _65\"> </span>futur<span class=\"_ _0\"></span>es <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>am\u00e9lioration <span class=\"_ _65\"> </span>ou l\u2019<span class=\"_ _0\"></span>accroissement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>exclut <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>synergies attendues avec d\u2019<span class=\"_ _0\"></span>autres UGT du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>d\u2019utilit\u00e9 <span class=\"_ _3\"></span>correspond <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>des \ufb02ux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie futurs attendus de l\u2019<span class=\"_ _0\"></span>actif ou de l\u2019UGT<span class=\"_ _1\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>recouvrable, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>utilise <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>estimations des <span class=\"_ _47\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _47\"> </span>avant <span class=\"_ _44\"> </span>imp\u00f4t <span class=\"_\"> </span>actualis\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif incluant <span class=\"_\"> </span>une <span class=\"_\"> </span>valeur <span class=\"_\"> </span>terminale <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_\"> </span>\u00e9ch\u00e9ant. <span class=\"_\"> </span>Ces <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>sont <span class=\"_\"> </span>issus <span class=\"_\"> </span>des budgets <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>plus <span class=\"_ _44\"> </span>r\u00e9cents <span class=\"_ _44\"> </span>approuv\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>estim\u00e9s <span class=\"_ _3\"></span>sont actualis\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>taux de march\u00e9 long <span class=\"_ _3\"></span>terme avant <span class=\"_ _3\"></span>imp\u00f4t, qui re\ufb02\u00e8te <span class=\"_ _3\"></span>la valeur temps <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>argent et les risques sp\u00e9cifiques des actifs.Lorsque <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>valeur <span class=\"_ _60\"> </span>recouvrable <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _61\"> </span>(ou <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>actifs) <span class=\"_ _60\"> </span>est inf\u00e9rieure <span class=\"_ _63\"> </span>\u00e0 <span class=\"_ _63\"> </span>sa <span class=\"_ _6b\"> </span>valeur <span class=\"_ _63\"> </span>nette <span class=\"_ _6b\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_ _6b\"> </span>une <span class=\"_ _63\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _63\"> </span>est comptabilis\u00e9e <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>\u00ab\ue61dP<span class=\"_ _0\"></span>ertes <span class=\"_\"> </span>de <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>actifs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>exploitation <span class=\"_\"> </span>non courants\ue61d\u00bb <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>poursuivies <span class=\"_\"> </span>ou <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant <span class=\"_\"> </span>en <span class=\"_\"> </span>r\u00e9sultat <span class=\"_\"> </span>des activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. Conform\u00e9ment <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>IAS\ue61d36, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation <span class=\"_ _47\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition ne peut jamais faire l\u2019<span class=\"_ _1\"></span>objet d\u2019une reprise.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _6f\"> </span>valeur <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>comptes <span class=\"_ _6f\"> </span>consolid\u00e9s <span class=\"_ _6f\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3\"></span>ayant <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _65\"> </span>est <span class=\"_ _65\"> </span>revue <span class=\"_ _65\"> </span>annuellement <span class=\"_ _66\"> </span>conform\u00e9ment <span class=\"_ _65\"> </span>aux <span class=\"_ _65\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9alisation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tests <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>pour d\u00e9pr\u00e9ciation <span class=\"_ _65\"> </span>constitue <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>principe <span class=\"_ _66\"> </span>comptable <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sujet <span class=\"_ _66\"> </span>\u00e0 estimations <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>jugements <span class=\"_ _44\"> </span>car <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>d\u00e9termination <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>valeurs <span class=\"_ _37\"> </span>recouvrables des <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>acquisition <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>incorporelles <span class=\"_ _44\"> </span>ayant <span class=\"_ _44\"> </span>une dur\u00e9e <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>vie <span class=\"_ _6f\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _4c\"> </span>suppose <span class=\"_ _4c\"> </span>l\u2019utilisation <span class=\"_ _4c\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _6f\"> </span>qui n\u00e9cessitent <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>jugement <span class=\"_ _65\"> </span>telles <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>(i) <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_\"> </span>n\u00e9cessaires <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actualisation <span class=\"_\"> </span>des <span class=\"_\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>les <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>ou <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>unit\u00e9s <span class=\"_ _46\"> </span>g\u00e9n\u00e9ratrices <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>tr\u00e9sorerie, <span class=\"_\"> </span>(ii) <span class=\"_ _61\"> </span>la d\u00e9termination <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>op\u00e9rationnels <span class=\"_ _3b\"></span>futurs, <span class=\"_ _3b\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>leur valeur <span class=\"_ _1c7\"> </span>terminale, <span class=\"_ _1c7\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _73\"> </span>du <span class=\"_ _1c7\"> </span>chi\ue61cre <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61caires <span class=\"_ _1c7\"> </span>li\u00e9 <span class=\"_ _1c7\"> </span>aux immobilisations <span class=\"_ _65\"> </span>test\u00e9es, <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>marge <span class=\"_ _65\"> </span>op\u00e9rationnelle <span class=\"_ _65\"> </span>attach\u00e9e <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les p\u00e9riodes futures concern\u00e9es et le taux de redev<span class=\"_ _0\"></span>ances pour les marques.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">compl\u00e9ment <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>test <span class=\"_ _3\"></span>annuel <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>revoit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>chaque </span>date <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>arr\u00eat\u00e9 <span class=\"_ _3\"></span>certains <span class=\"_ _3b\"></span>indicateurs <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>conduire, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, \u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>test <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>consid\u00e8re <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>mises <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>jour <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>croissance <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>chi\ue61cre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61caires<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>valeurs <span class=\"_ _3b\"></span>terminales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les taux de redevances sont raisonnables et en <span class=\"_ _3\"></span>ligne avec les informations de march\u00e9 mises \u00e0 jour disponibles pour chaque <span class=\"ls6 ws6\">U<span class=\"_ _3b\"></span>G<span class=\"_ _3b\"></span>T.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-5": {
   "value": "Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition, <span class=\"_ _3\"></span>les <span class=\"_ _37\"> </span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>projets <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9veloppement <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>font <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _3b\"></span>d\u2019un test <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>ann\u00e9e <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>quatri\u00e8me <span class=\"_ _3\"></span>trimestre, <span class=\"_ _3\"></span>mis \u00e0 jour \u00e0 fin d\u00e9cembre, ainsi qu\u2019<span class=\"_ _0\"></span>\u00e0 chaque fois que des indicateurs <span class=\"_ _3\"></span>montrent qu\u2019une perte de valeur a pu \u00eatre encourue<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>r\u00e9aliser les <span class=\"_ _3\"></span>tests <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>sont regroup\u00e9s <span class=\"_ _3\"></span>au niveau le <span class=\"_ _46\"> </span>plus <span class=\"_ _61\"> </span>bas <span class=\"_\"> </span>auquel <span class=\"_ _61\"> </span>ces <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>peuvent <span class=\"_\"> </span>g\u00e9n\u00e9rer <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>tr\u00e9sorerie ind\u00e9pendants <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _61\"> </span>par <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>autres <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>\u00e9carts <span class=\"_ _3b\"></span>d\u2019acquisition <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>allou\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>une unit\u00e9 <span class=\"_ _61\"> </span>g\u00e9n\u00e9ratrice <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>(UGT<span class=\"_ _3\"></span>) <span class=\"_ _61\"> </span>regroupant <span class=\"_ _61\"> </span>plusieurs <span class=\"_ _61\"> </span>groupes d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficieront <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>synergies <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces <span class=\"_ _3b\"></span>acquisitions. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _73\"> </span>a <span class=\"_ _13\"> </span>identifi\u00e9 <span class=\"_ _13\"> </span>deux <span class=\"_ _13\"> </span>UGT\ue61dcorrespondant <span class=\"_ _73\"> </span>aux <span class=\"_ _13\"> </span>segments op\u00e9rationnels du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3\"></span>corporelles <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>incorporelles <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vie <span class=\"_ _3\"></span>d\u00e9finie <span class=\"_ _3b\"></span>et les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>d\u2019utilisation <span class=\"_ _44\"> </span>font <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>tests <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _44\"> </span>uniquement lorsque, <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cl\u00f4ture<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>\u00e9v\u00e9nements <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>circonstances indiquent <span class=\"_ _64\"> </span>qu\u2019une <span class=\"_ _65\"> </span>perte <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>valeur <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>pu <span class=\"_ _65\"> </span>\u00eatre <span class=\"_ _64\"> </span>subie. <span class=\"_ _64\"> </span>Les <span class=\"_ _64\"> </span>principaux indicateurs d\u2019un <span class=\"_ _3\"></span>risque de perte <span class=\"_ _3\"></span>de valeur de <span class=\"_ _3\"></span>ces immobilisations incluent l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _d\"> </span>de <span class=\"_ _20\"> </span>changements <span class=\"_ _d\"> </span>significatifs <span class=\"_ _d\"> </span>dans <span class=\"_ _20\"> </span>l\u2019<span class=\"_ _1\"></span>environnement \u00e9conomique <span class=\"_\"> </span>des <span class=\"_\"> </span>actifs, <span class=\"_\"> </span>une <span class=\"_\"> </span>baisse <span class=\"_\"> </span>importante <span class=\"_\"> </span>dans <span class=\"_\"> </span>les <span class=\"_\"> </span>performances \u00e9conomiques <span class=\"_ _61\"> </span>attendues <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>actifs, <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>baisse <span class=\"_ _61\"> </span>importante <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>chi\ue61cre d\u2019<span class=\"_ _0\"></span>a\ue61caires ou de <span class=\"_ _3\"></span>la marge par rapport \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice pr\u00e9c\u00e9dent et par <span class=\"_ _3\"></span>rapport au budget ou une baisse de la part de march\u00e9 du Gr<span class=\"_ _0\"></span>oupe.Le <span class=\"ls0 ws0\">test de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation consiste \u00e0 comparer la valeur nette comptable de </span>l\u2019<span class=\"_ _0\"></span>actif avec <span class=\"_ _3\"></span>sa valeur recouvrable<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>celle<span class=\"ff9fb\">\u2011</span>ci \u00e9tant d\u00e9finie <span class=\"_ _3\"></span>comme le montant le <span class=\"_ _37\"> </span>plus <span class=\"_ _44\"> </span>\u00e9lev\u00e9 <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _44\"> </span>(diminu\u00e9e <span class=\"_ _37\"></span>du <span class=\"_ _37\"> </span>co\u00fbt <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cession) <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la valeur d\u2019utilit\u00e9<span class=\"_ _0\"></span>.La juste valeur (diminu\u00e9e du co\u00fbt de cession) correspond au montant qui peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>obtenu <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>vente <span class=\"_\"> </span>d\u2019un <span class=\"_ _61\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_ _46\"> </span>d\u2019une <span class=\"_ _46\"> </span>UGT<span class=\"_ _3\"></span>) <span class=\"_\"> </span>lors <span class=\"_ _61\"> </span>d\u2019une transaction <span class=\"_ _60\"> </span>dans <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>conditions <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>concurrence <span class=\"_ _64\"> </span>normale <span class=\"_ _60\"> </span>entre <span class=\"_ _60\"> </span>des parties <span class=\"_ _3\"></span>bien <span class=\"_ _3\"></span>inform\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>consentantes, <span class=\"_ _3\"></span>diminu\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>sortie. <span class=\"_ _3\"></span>Elle peut <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>prix <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>march\u00e9 <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>(ou <span class=\"_ _3b\"></span>pour l\u2019UGT<span class=\"_ _3\"></span>) ou en utilisant <span class=\"_ _3\"></span>une m\u00e9thode bas\u00e9e sur <span class=\"_ _3\"></span>les \ufb02ux futurs de <span class=\"_ _3\"></span>tr\u00e9sorerie actualis\u00e9s, <span class=\"_ _3b\"></span>\u00e9tablis <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>perspective <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9, <span class=\"_ _3\"></span>qui <span class=\"_ _37\"></span>inclut les entr\u00e9es <span class=\"_ _3\"></span>et les <span class=\"_ _3\"></span>sorties <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>futures estim\u00e9es <span class=\"_ _3\"></span>susceptibles d\u2019<span class=\"_ _0\"></span>\u00eatre g\u00e9n\u00e9r\u00e9es <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>restructurations <span class=\"_ _65\"> </span>futur<span class=\"_ _0\"></span>es <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>am\u00e9lioration <span class=\"_ _65\"> </span>ou l\u2019<span class=\"_ _0\"></span>accroissement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>exclut <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>synergies attendues avec d\u2019<span class=\"_ _0\"></span>autres UGT du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3\"></span>valeur <span class=\"_ _3b\"></span>d\u2019utilit\u00e9 <span class=\"_ _3\"></span>correspond <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>des \ufb02ux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie futurs attendus de l\u2019<span class=\"_ _0\"></span>actif ou de l\u2019UGT<span class=\"_ _1\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>d\u00e9terminer <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>recouvrable, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>utilise <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>estimations des <span class=\"_ _47\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _47\"> </span>avant <span class=\"_ _44\"> </span>imp\u00f4t <span class=\"_\"> </span>actualis\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif incluant <span class=\"_\"> </span>une <span class=\"_\"> </span>valeur <span class=\"_\"> </span>terminale <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_\"> </span>\u00e9ch\u00e9ant. <span class=\"_\"> </span>Ces <span class=\"_\"> </span>\ufb02ux <span class=\"_\"> </span>sont <span class=\"_\"> </span>issus <span class=\"_\"> </span>des budgets <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>plus <span class=\"_ _44\"> </span>r\u00e9cents <span class=\"_ _44\"> </span>approuv\u00e9s <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>du Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>\ufb02ux <span class=\"_ _3\"></span>de tr\u00e9sorerie <span class=\"_ _3\"></span>estim\u00e9s <span class=\"_ _3\"></span>sont actualis\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>taux de march\u00e9 long <span class=\"_ _3\"></span>terme avant <span class=\"_ _3\"></span>imp\u00f4t, qui re\ufb02\u00e8te <span class=\"_ _3\"></span>la valeur temps <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>argent et les risques sp\u00e9cifiques des actifs.Lorsque <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>valeur <span class=\"_ _60\"> </span>recouvrable <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _61\"> </span>(ou <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>groupe <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>actifs) <span class=\"_ _60\"> </span>est inf\u00e9rieure <span class=\"_ _63\"> </span>\u00e0 <span class=\"_ _63\"> </span>sa <span class=\"_ _6b\"> </span>valeur <span class=\"_ _63\"> </span>nette <span class=\"_ _6b\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_ _6b\"> </span>une <span class=\"_ _63\"> </span>d\u00e9pr\u00e9ciation <span class=\"_ _63\"> </span>est comptabilis\u00e9e <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>\u00ab\ue61dP<span class=\"_ _0\"></span>ertes <span class=\"_\"> </span>de <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>actifs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>exploitation <span class=\"_\"> </span>non courants\ue61d\u00bb <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_\"> </span>poursuivies <span class=\"_\"> </span>ou <span class=\"_\"> </span>le <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>\u00e9ch\u00e9ant <span class=\"_\"> </span>en <span class=\"_\"> </span>r\u00e9sultat <span class=\"_\"> </span>des activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cession <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. Conform\u00e9ment <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>IAS\ue61d36, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation <span class=\"_ _47\"> </span>comptabilis\u00e9e <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>\u00e9cart d\u2019<span class=\"_ _0\"></span>acquisition ne peut jamais faire l\u2019<span class=\"_ _1\"></span>objet d\u2019une reprise.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _6f\"> </span>valeur <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>comptes <span class=\"_ _6f\"> </span>consolid\u00e9s <span class=\"_ _6f\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>\u00e9carts d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>immobilisations <span class=\"_ _3b\"></span>incorporelles <span class=\"_ _3\"></span>ayant <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>vie ind\u00e9termin\u00e9e <span class=\"_ _65\"> </span>est <span class=\"_ _65\"> </span>revue <span class=\"_ _65\"> </span>annuellement <span class=\"_ _66\"> </span>conform\u00e9ment <span class=\"_ _65\"> </span>aux <span class=\"_ _65\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>r\u00e9alisation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tests <span class=\"_ _3b\"></span>annuels <span class=\"_ _3b\"></span>pour d\u00e9pr\u00e9ciation <span class=\"_ _65\"> </span>constitue <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>principe <span class=\"_ _66\"> </span>comptable <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sujet <span class=\"_ _66\"> </span>\u00e0 estimations <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>jugements <span class=\"_ _44\"> </span>car <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>d\u00e9termination <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>valeurs <span class=\"_ _37\"> </span>recouvrables des <span class=\"_ _44\"> </span>\u00e9carts <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>acquisition <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>immobilisations <span class=\"_\"> </span>incorporelles <span class=\"_ _44\"> </span>ayant <span class=\"_ _44\"> </span>une dur\u00e9e <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>vie <span class=\"_ _6f\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _4c\"> </span>suppose <span class=\"_ _4c\"> </span>l\u2019utilisation <span class=\"_ _4c\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _6f\"> </span>qui n\u00e9cessitent <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>jugement <span class=\"_ _65\"> </span>telles <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>(i) <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_\"> </span>n\u00e9cessaires <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actualisation <span class=\"_\"> </span>des <span class=\"_\"> </span>\ufb02ux <span class=\"_ _44\"> </span>futurs <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s <span class=\"_\"> </span>par <span class=\"_ _61\"> </span>les <span class=\"_ _46\"> </span>actifs <span class=\"_ _61\"> </span>ou <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>unit\u00e9s <span class=\"_ _46\"> </span>g\u00e9n\u00e9ratrices <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>tr\u00e9sorerie, <span class=\"_\"> </span>(ii) <span class=\"_ _61\"> </span>la d\u00e9termination <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>op\u00e9rationnels <span class=\"_ _3b\"></span>futurs, <span class=\"_ _3b\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>leur valeur <span class=\"_ _1c7\"> </span>terminale, <span class=\"_ _1c7\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _73\"> </span>du <span class=\"_ _1c7\"> </span>chi\ue61cre <span class=\"_ _73\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61caires <span class=\"_ _1c7\"> </span>li\u00e9 <span class=\"_ _1c7\"> </span>aux immobilisations <span class=\"_ _65\"> </span>test\u00e9es, <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>marge <span class=\"_ _65\"> </span>op\u00e9rationnelle <span class=\"_ _65\"> </span>attach\u00e9e <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les p\u00e9riodes futures concern\u00e9es et le taux de redev<span class=\"_ _0\"></span>ances pour les marques.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">compl\u00e9ment <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>test <span class=\"_ _3\"></span>annuel <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation, <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>revoit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>chaque </span>date <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>arr\u00eat\u00e9 <span class=\"_ _3\"></span>certains <span class=\"_ _3b\"></span>indicateurs <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>conduire, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, \u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>test <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>principes comptables du Groupe<span class=\"_ _0\"></span>.La <span class=\"_ _44\"> </span>Direction <span class=\"_ _44\"> </span>consid\u00e8re <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_ _44\"> </span>mises <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>jour <span class=\"_ _44\"> </span>utilis\u00e9es <span class=\"_\"> </span>pour d\u00e9terminer <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>croissance <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>chi\ue61cre <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61caires<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>valeurs <span class=\"_ _3b\"></span>terminales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les taux de redevances sont raisonnables et en <span class=\"_ _3\"></span>ligne avec les informations de march\u00e9 mises \u00e0 jour disponibles pour chaque <span class=\"ls6 ws6\">U<span class=\"_ _3b\"></span>G<span class=\"_ _3b\"></span>T.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-111-3": {
   "value": "5.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7f\"> </span><span class=\"ls0 ws0\">Actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation non courants</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa15 fc1\">2021</span>A<span class=\"_ _0\"></span>vances sur contrats clients et remises pay\u00e9es d\u2019<span class=\"_ _1\"></span>avance<span class=\"_ _19f\"> </span>5<span class=\"_ _b7\"> </span>6Autres<span class=\"_ _315\"> </span>9<span class=\"_ _1a3\"> </span>29AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTS<span class=\"_ _1cd\"> </span>15<span class=\"_ _1a3\"> </span>35Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _2b8\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Autres<span class=\"_ _1ac\"> </span>(2)<span class=\"_ _11b\"> </span>(16)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION NON COURANTES<span class=\"_ _316\"> </span>(5)<span class=\"_ _12c\"> </span>(19)D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"> </span>normal <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>ses <span class=\"_ _37\"> </span>activit\u00e9s, <span class=\"_ _37\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3b\"></span>au <span class=\"_ _44\"> </span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>segment solutions <span class=\"_ _65\"> </span>logistiques, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>accorde <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>ses <span class=\"_ _65\"> </span>clients <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>avances <span class=\"_ _65\"> </span>de tr\u00e9sorerie <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>remises <span class=\"_ _3b\"></span>pay\u00e9es <span class=\"_ _3\"></span>d\u2019av<span class=\"_ _0\"></span>ance. <span class=\"_ _3b\"></span>Celles<span class=\"ffa16\">\u2011</span>ci <span class=\"_ _3\"></span>font <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _3b\"></span>partie d\u2019une <span class=\"_ _3b\"></span>relation <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>contrat <span class=\"_ _3b\"></span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>peuvent <span class=\"_ _3b\"></span>prendre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>formes vari\u00e9es<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_ _44\"> </span>avances <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>contrats <span class=\"_\"> </span>clients <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>princip<span class=\"_ _0\"></span>alement <span class=\"_\"> </span>vers\u00e9es <span class=\"_ _44\"> </span>en contrepartie d\u2019<span class=\"_ _0\"></span>engagements vari\u00e9s pris par <span class=\"_ _3\"></span>les clients sur <span class=\"_ _3\"></span>toute la dur\u00e9e des contrats<span class=\"_ _0\"></span>. <span class=\"_ _60\"> </span>Ces <span class=\"_ _61\"> </span>contrats <span class=\"_ _46\"> </span>donnent <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>Groupe <span class=\"_ _61\"> </span>un <span class=\"_ _61\"> </span>droit <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>prestation <span class=\"_ _46\"> </span>de service <span class=\"_ _66\"> </span>sur <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>zone <span class=\"_ _66\"> </span>g\u00e9ographique <span class=\"_ _65\"> </span>sp\u00e9cifique <span class=\"_ _66\"> </span>et <span class=\"_ _66\"> </span>pour <span class=\"_ _66\"> </span>une <span class=\"_ _66\"> </span>dur\u00e9econtractuelle (en <span class=\"_ _3\"></span>g\u00e9n\u00e9ral <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>cinq <span class=\"_ _3\"></span>ans). <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>comprennent <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>qui d\u00e9finissent <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>tarif <span class=\"_ _37\"> </span>et <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>volumes <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>services <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"></span>fournir<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>autres termes et conditions.Ces <span class=\"_ _65\"> </span>paiements <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>avances <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>consid\u00e9r\u00e9s <span class=\"_ _65\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>\u00ab\ue61fA<span class=\"_ _0\"></span>ctifs <span class=\"_ _65\"> </span>non courants\ue61f\u00bb, <span class=\"_ _3\"></span>enregistr\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61fA<span class=\"_ _0\"></span>vances <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>contrats <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>remises <span class=\"_ _3\"></span>pay\u00e9es d\u2019<span class=\"_ _0\"></span>avance\ue61f\u00bb <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>amortis <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9duction <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>chi\ue61dre <span class=\"_ _44\"> </span>d\u2019a\ue61d<span class=\"_ _0\"></span>aires, <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _47\"> </span>des unit\u00e9s produites ou de l\u2019<span class=\"_ _0\"></span>avancement du traitement des films<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-114-2": {
   "value": "5.1<span class=\"_ _3b\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Stocks et en<span class=\"ffa16\">\u2011</span>cours</span>Les <span class=\"_ _46\"> </span>stocks <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>\u00e9valu\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>de production. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>production <span class=\"_ _37\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>directs <span class=\"_ _44\"> </span>de mati\u00e8re premi\u00e8re, les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel et <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>partie <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>frais g\u00e9n\u00e9raux repr\u00e9sentatifs <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts <span class=\"_ _61\"> </span>indirects <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>production, <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>excluent <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>frais administratifs<span class=\"_ _0\"></span>. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>v<span class=\"_ _0\"></span>endus <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>d\u00e9termin\u00e9 <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>la m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>co\u00fbt <span class=\"_ _44\"> </span>unitaire <span class=\"_ _44\"> </span>moyen <span class=\"_ _47\"> </span>pond\u00e9r\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>premier entr\u00e9 - premier sorti, <span class=\"_ _3\"></span>selon la nature du <span class=\"_ _3\"></span>stock concern\u00e9. Une d\u00e9pr\u00e9ciation est constat\u00e9e lorsque la <span class=\"_ _3\"></span>valeur comptable des stocks est sup\u00e9rieure \u00e0 leur valeur nette de r\u00e9alisation.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _37\"> </span>Direction <span class=\"_ _3b\"></span>tient <span class=\"_ _44\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tous <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>susceptibles <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>avoir <span class=\"_ _37\"> </span>un impact <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valorisation <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>stocks, <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baisse <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>projections <span class=\"_ _3\"></span>de ventes, <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>baisse <span class=\"_ _60\"> </span>attendue <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>prix <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vente, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actions <span class=\"_ _61\"> </span>sp\u00e9cifiques d\u2019<span class=\"_ _0\"></span>am\u00e9lioration ou de relance commerciale et l\u2019<span class=\"_ _0\"></span>obsolescence ou <span class=\"_ _3\"></span>la rotation lente.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa15 fc1\">2021</span>Mati\u00e8res premi\u00e8r<span class=\"_ _0\"></span>es<span class=\"_ _240\"> </span>169<span class=\"_ _2e\"> </span>142En<span class=\"ffa16 ls0 ws0\">\u2011<span class=\"ffa13\">cours<span class=\"_ _25f\"> </span>5<span class=\"_ _10a\"> </span>3</span></span>Produits finis et marchandises<span class=\"_ _308\"> </span>292<span class=\"_ _126\"> </span>201V<span class=\"_ _1\"></span>aleur brute<span class=\"_ _1c2\"> </span>466<span class=\"_ _292\"> </span>345Provisions pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation<span class=\"_ _243\"> </span>(14)<span class=\"_ _36\"> </span>(11)T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL STOCKS ET EN<span class=\"_ _0\"></span>\u2011<span class=\"ffa15\">COURS<span class=\"_ _317\"> </span>452<span class=\"_ _ed\"> </span>335</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-4": {
   "value": "Les <span class=\"_ _46\"> </span>stocks <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>\u00e9valu\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>leur <span class=\"_ _61\"> </span>co\u00fbt <span class=\"_ _61\"> </span>de production. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>production <span class=\"_ _37\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>co\u00fbts <span class=\"_ _37\"> </span>directs <span class=\"_ _44\"> </span>de mati\u00e8re premi\u00e8re, les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel et <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>partie <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>frais g\u00e9n\u00e9raux repr\u00e9sentatifs <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts <span class=\"_ _61\"> </span>indirects <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>production, <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>excluent <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>frais administratifs<span class=\"_ _0\"></span>. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>stocks <span class=\"_\"> </span>v<span class=\"_ _0\"></span>endus <span class=\"_\"> </span>est <span class=\"_ _44\"> </span>d\u00e9termin\u00e9 <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>utilisant <span class=\"_ _44\"> </span>la m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>co\u00fbt <span class=\"_ _44\"> </span>unitaire <span class=\"_ _44\"> </span>moyen <span class=\"_ _47\"> </span>pond\u00e9r\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>premier entr\u00e9 - premier sorti, <span class=\"_ _3\"></span>selon la nature du <span class=\"_ _3\"></span>stock concern\u00e9. Une d\u00e9pr\u00e9ciation est constat\u00e9e lorsque la <span class=\"_ _3\"></span>valeur comptable des stocks est sup\u00e9rieure \u00e0 leur valeur nette de r\u00e9alisation.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _37\"> </span>Direction <span class=\"_ _3b\"></span>tient <span class=\"_ _44\"> </span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tous <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>susceptibles <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>avoir <span class=\"_ _37\"> </span>un impact <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valorisation <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>stocks, <span class=\"_ _3\"></span>comme <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>baisse <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>projections <span class=\"_ _3\"></span>de ventes, <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>baisse <span class=\"_ _60\"> </span>attendue <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>prix <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>vente, <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>actions <span class=\"_ _61\"> </span>sp\u00e9cifiques d\u2019<span class=\"_ _0\"></span>am\u00e9lioration ou de relance commerciale et l\u2019<span class=\"_ _0\"></span>obsolescence ou <span class=\"_ _3\"></span>la rotation lente.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-118-2": {
   "value": "5.<span class=\"_ _1\"></span>1.3<span class=\"_ _6e\"> </span>Cr\u00e9ances clients, effets \u00e0 r<span class=\"_ _0\"></span>ecevoir et fournisseurs et effets \u00e0 payer(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa1e fc1\">2021</span>Cr\u00e9ances clients et e\ue61eets \u00e0 recevoir<span class=\"_ _15b\"> </span>357<span class=\"_ _55\"> </span><span class=\"ls55 ws55\">3<span class=\"_ _3\"></span>74</span>Provisions pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation<span class=\"_ _243\"> </span>(14)<span class=\"_ _11b\"> </span>(15)T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL CLIENTS ET EFFETS \u00c0 RE<span class=\"_ _0\"></span>CEVOIR<span class=\"_ _29c\"> </span>343<span class=\"_ _11b\"> </span>359\ue61dLes <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _37\"> </span>clients <span class=\"_ _37\"> </span>comprennent <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>2021 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>montants <span class=\"_ _37\"> </span>\u00e9chus <span class=\"_ _44\"> </span>de <span class=\"_ _3b\"></span>respectivement <span class=\"_ _37\"> </span>54\ue61dmillions <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>76\ue61dmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>pour lesquels des d\u00e9pr\u00e9ciations ont \u00e9t\u00e9 comptabilis\u00e9es pour (14) et (13)\ue61dmillions d\u2019<span class=\"_ _1\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition au risque de cr\u00e9dit sur les cr\u00e9ances clients du Groupe correspond \u00e0 la valeur nette comptable de ces actifs (<span class=\"_ _3\"></span>343\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2022 contre 359\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2021).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-118-3": {
   "value": "5.<span class=\"_ _1\"></span>1.3<span class=\"_ _6e\"> </span>Cr\u00e9ances clients, effets \u00e0 r<span class=\"_ _0\"></span>ecevoir et fournisseurs et effets \u00e0 payerLes <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa1e fc1\">2021</span>Cr\u00e9ances clients et e\ue61eets \u00e0 recevoir<span class=\"_ _15b\"> </span>357<span class=\"_ _55\"> </span><span class=\"ls55 ws55\">3<span class=\"_ _3\"></span>74</span>Provisions pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation<span class=\"_ _243\"> </span>(14)<span class=\"_ _11b\"> </span>(15)T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL CLIENTS ET EFFETS \u00c0 RE<span class=\"_ _0\"></span>CEVOIR<span class=\"_ _29c\"> </span>343<span class=\"_ _11b\"> </span>359\ue61dLes <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _37\"> </span>clients <span class=\"_ _37\"> </span>comprennent <span class=\"_ _37\"> </span>aux <span class=\"_ _37\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>2021 <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>montants <span class=\"_ _37\"> </span>\u00e9chus <span class=\"_ _44\"> </span>de <span class=\"_ _3b\"></span>respectivement <span class=\"_ _37\"> </span>54\ue61dmillions <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>76\ue61dmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>pour lesquels des d\u00e9pr\u00e9ciations ont \u00e9t\u00e9 comptabilis\u00e9es pour (14) et (13)\ue61dmillions d\u2019<span class=\"_ _1\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition au risque de cr\u00e9dit sur les cr\u00e9ances clients du Groupe correspond \u00e0 la valeur nette comptable de ces actifs (<span class=\"_ _3\"></span>343\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2022 contre 359\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61dd\u00e9cembre 2021).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-4": {
   "value": "Les <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-5": {
   "value": "Les <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-6": {
   "value": "Les <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.Classement en dettes ou en capitaux propresLes <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>les <span class=\"_ _44\"></span>instruments <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>sont <span class=\"_ _44\"></span>class\u00e9s <span class=\"_ _44\"> </span>soit <span class=\"_ _44\"> </span>en dettes <span class=\"_ _65\"> </span>financi\u00e8res <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>capitaux <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>substance <span class=\"_ _65\"> </span>de l\u2019<span class=\"_ _0\"></span>arrangement contractuel.Instruments de capitaux pr<span class=\"_ _0\"></span>opresUn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">instrument <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>mettant <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>\u00e9vidence </span>un int\u00e9r\u00eat r\u00e9siduel dans les actifs d\u2019une entit\u00e9 apr\u00e8s d\u00e9duction de tous ses passifs. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>opres <span class=\"_\"> </span>\u00e9mis <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>sont comptabilis\u00e9s <span class=\"_\"> </span>pour <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>valeur <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>ressources <span class=\"_\"> </span>per\u00e7ues, <span class=\"_\"> </span>nette <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>co\u00fbts directs d\u2019<span class=\"_ _0\"></span>\u00e9mission.Co\u00fbts li\u00e9s aux op\u00e9rations de capitalLes <span class=\"_ _61\"> </span>frais <span class=\"_ _60\"> </span>externes <span class=\"_ _61\"> </span>directement <span class=\"_ _60\"> </span>attribuables <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>des <span class=\"_ _60\"> </span>op\u00e9rations <span class=\"_ _61\"> </span>sur <span class=\"_ _60\"> </span>les capitaux propres sont comptabilis\u00e9s en diminution des capitaux pr<span class=\"_ _0\"></span>opres.Principes g\u00e9n\u00e9rauxLe <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>n\u00e9gocie <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>instruments <span class=\"_\"> </span>financiers <span class=\"_ _61\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>fins <span class=\"_ _61\"> </span>de couverture <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>notamment <span class=\"_ _3\"></span>r\u00e9duire <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eat. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>souscrits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gr\u00e9-\u00e0-gr\u00e9 et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>r\u00e9gis par <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>accords <span class=\"_\"> </span>standards <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>type <span class=\"_ _46\"> </span>\u00ab\ue61eISDA\ue61e\u00bb (<span class=\"ffa8b\">I<span class=\"_ _0\"></span>nternational <span class=\"_ _46\"> </span>Swaps <span class=\"_\"> </span>and </span>Deriv<span class=\"_ _0\"></span>atives Association<span class=\"ffa8a\">, Inc.), ou par des accords habituels pour le march\u00e9 </span>fran\u00e7ais<span class=\"_ _0\"></span>.Actifs financiers (hors instruments d\u00e9riv\u00e9s)La <span class=\"_ _3\"></span>Direction <span class=\"_ _3\"></span>d\u00e9termine <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>classement <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>regard <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>mod\u00e8le <span class=\"_ _44\"></span>\u00e9conomique <span class=\"_ _44\"></span>du <span class=\"_ _44\"> </span>Groupe pour la gestion des actifs financiers, ainsi que des caract\u00e9ristiques des \ufb02ux de tr\u00e9sorerie contr<span class=\"_ _0\"></span>actuels de l\u2019actif<span class=\"_ _1\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>choisi <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>classement <span class=\"_ _3b\"></span>de </span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>au co\u00fbt <span class=\"_ _3\"></span>amorti, <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers \u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>compte <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _44\"> </span>ou <span class=\"_ _47\"> </span>par <span class=\"_ _44\"></span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>du r\u00e9sultat global.Actifs <span class=\"ffa9f\">\ue75cnanciers au </span>co\u00fbt <span class=\"ffa9f\">amorti</span>Cette <span class=\"_ _3\"></span>cat\u00e9gorie <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>retenue <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objectif est <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>en <span class=\"_ _60\"> </span>percevoir <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _60\"> </span>contractuels, <span class=\"_ _61\"> </span>correspondant uniquement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>remboursements <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>principal <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _44\"></span>aux int\u00e9r\u00eats sur le principal.Ces <span class=\"_ _44\"></span>actifs <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>initialement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>des co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3\"></span>\u00e9ventuels. <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>ensuite <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti en utilisant la m\u00e9thode du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>constat\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3b\"></span>de </span>cr\u00e9dit attendues \u00e0 12 <span class=\"_ _3\"></span>mois, \u00e0 moins que le risque <span class=\"_ _3\"></span>de cr\u00e9dit n\u2019<span class=\"_ _0\"></span>ait augment\u00e9 de <span class=\"_\"> </span>fa\u00e7on <span class=\"_ _47\"> </span>significative <span class=\"_ _47\"> </span>depuis <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_\"> </span>initiale, <span class=\"_\"> </span>auquel <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>la d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>attendues <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>contrats clients, le <span class=\"_ _3\"></span>Groupe applique <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation simplifi\u00e9e <span class=\"_ _3\"></span>(voir note 5.<span class=\"_ _0\"></span>1.3.).Actifs <span class=\"_ _37\"> </span><span class=\"ffa9f\">\ue75cnanciers <span class=\"_ _37\"> </span></span>\u00e0 <span class=\"_ _44\"> </span><span class=\"ffa9f\">la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _37\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>par </span>autres \u00e9l\u00e9ments du r\u00e9sultat globalCette <span class=\"_ _60\"> </span>cat\u00e9gorie <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>retenue <span class=\"_ _60\"> </span>d\u00e8s <span class=\"_ _64\"> </span>lors <span class=\"_ _64\"> </span>que <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _60\"> </span>financier <span class=\"_ _64\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _64\"> </span>pas comptabilis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>variations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>enregistr\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _3\"></span>de r\u00e9sultat, au sein des <span class=\"_ _3\"></span>\u00ab\ue61dAutres produits (charges) financiers nets\ue61d\u00bb, <span class=\"_ _3\"></span>ou dans le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>titres <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>participations <span class=\"_ _3b\"></span>non <span class=\"_ _3\"></span>d\u00e9tenues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>fins <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>transaction et <span class=\"_\"> </span>sur <span class=\"_\"> </span>option <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>et <span class=\"_\"> </span>irr\u00e9versible<span class=\"_ _0\"></span>, <span class=\"_\"> </span>dans <span class=\"_\"> </span>une <span class=\"_\"> </span>ligne <span class=\"_ _47\"> </span>d\u00e9di\u00e9e <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>autr<span class=\"_ _0\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.Un <span class=\"_ _37\"></span><span class=\"ls0 ws0\">actif <span class=\"_ _44\"></span>financier <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>d\u00e9comptabilis\u00e9 <span class=\"_ _44\"></span>lorsque <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>droits <span class=\"_ _37\"></span>contractuels <span class=\"_ _37\"></span>sur </span>les <span class=\"_ _61\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>li\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>celui<span class=\"ffaa0\">\u2011</span>ci <span class=\"_ _61\"> </span>arrivent <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>expiration <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 transf\u00e9r\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quasi<span class=\"ffaa0\">\u2011</span>totalit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _3\"></span>inh\u00e9rents <span class=\"_ _3\"></span>\u00e0 la propri\u00e9t\u00e9 de l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>assifs financiers (hors instruments d\u00e9rives)Les <span class=\"_ _61\"> </span>emprunts <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>initialement <span class=\"_ _61\"> </span>comptabilis\u00e9s <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>juste <span class=\"_ _61\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>puis \u00e9valu\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>co\u00fbt <span class=\"_ _61\"> </span>amorti, <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>utilisant <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>oute <span class=\"_ _3b\"></span>di\ue61c\u00e9rence <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>(i) <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>nets <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts de <span class=\"_ _61\"> </span>transaction <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>(ii) <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>remboursement, est <span class=\"_ _61\"> </span>constat\u00e9e <span class=\"_ _46\"> </span>en r\u00e9sultat <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>emprunts, <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _3b\"></span>du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>emprunts <span class=\"_ _61\"> </span>sont <span class=\"_\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>passifs <span class=\"_\"> </span>courants, <span class=\"_\"> </span>sauf <span class=\"_ _61\"> </span>si <span class=\"_\"> </span>le Groupe <span class=\"_ _3\"></span>d\u00e9tient <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>droit <span class=\"_ _3\"></span>inconditionnel <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>du passif <span class=\"_ _3\"></span>au<span class=\"ffaa0\">\u2011</span>del\u00e0 <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>p\u00e9riode <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>12 <span class=\"_ _3\"></span>mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>auquel cas ils sont pr\u00e9sent\u00e9s au sein des passifs non courants<span class=\"_ _0\"></span>.Instruments d\u00e9riv<span class=\"_ _0\"></span>\u00e9sLes instruments d\u00e9riv\u00e9s sont comptabilis\u00e9s \u00e0 <span class=\"_ _3\"></span>la juste valeur<span class=\"_ _0\"></span>. Les variations de <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9es <span class=\"_ _60\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_ _61\"> </span>et/ou <span class=\"_ _61\"> </span>en capitaux <span class=\"_ _3\"></span>propres au <span class=\"_ _3\"></span>sein <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>global, <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>les principes expos\u00e9s dans la note 8.3.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-7": {
   "value": "Les <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _37\"></span>font <span class=\"_ _3b\"></span>partie <span class=\"_ _37\"></span>des <span class=\"_ _3b\"></span>actifs <span class=\"_ _37\"> </span>financiers <span class=\"_ _37\"></span>courants. <span class=\"_ _3\"></span>EIles <span class=\"_ _37\"></span>sont \u00e9valu\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>date <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>comptabilisation <span class=\"_\"> </span>initiale<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>juste <span class=\"_\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la contrepartie \u00e0 recevoir<span class=\"_ _1\"></span>. <span class=\"_ _3\"></span>Cette valeur est en g\u00e9n\u00e9ral <span class=\"_ _3\"></span>la valeur nominale car l\u2019<span class=\"_ _0\"></span>e\ue61eet <span class=\"_ _3\"></span>de l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>entre la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de reconnaissance <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019instrument et sa r\u00e9alisation est le plus souvent non significative<span class=\"_ _0\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>provisions <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>des </span>cr\u00e9ances <span class=\"_ _37\"></span>clients <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>d\u00e9termin\u00e9es <span class=\"_ _44\"> </span>sur <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>base <span class=\"_ _37\"></span>des <span class=\"_ _37\"> </span>pertes <span class=\"_ _44\"> </span>attendues. <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Le </span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>choisi <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3b\"></span>simplifi\u00e9e <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>permet <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _3\"></span>des provisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>attendues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>maturit\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>chaque <span class=\"_ _3b\"></span>p\u00e9riode de <span class=\"ffa1c\">reporting</span>.Les <span class=\"_ _66\"> </span>pertes <span class=\"_ _4c\"> </span>attendues <span class=\"_ _4c\"> </span>sont <span class=\"_ _4c\"> </span>d\u00e9termin\u00e9es <span class=\"_ _4c\"> </span>\u00e0 <span class=\"_ _4c\"> </span>partir <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>date <span class=\"_ _4c\"> </span>de comptabilisation initiale de la cr\u00e9ance de la fa\u00e7on suiv<span class=\"_ _0\"></span>ante\ue61d:\u2022application <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>regroup\u00e9es <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>ensemble <span class=\"_ _3b\"></span>homog\u00e8ne dans <span class=\"_ _3\"></span>chaque <span class=\"_ _3b\"></span>division <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3b\"></span>matrice <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>la base d\u2019une analyse des pertes historiques du Groupe\ue61d;\u2022analyse <span class=\"_ _4c\"> </span>sp\u00e9cifique <span class=\"_ _4c\"> </span>du <span class=\"_ _66\"> </span>risque <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>cr\u00e9dit <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>cr\u00e9ances <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>plus significatives sur la base de leur notation de cr\u00e9dit.D\u00e9comptabilisation des actifs financiersUne <span class=\"_ _37\"> </span>cr\u00e9ance <span class=\"_ _44\"> </span>est <span class=\"_ _37\"> </span>d\u00e9comptablis\u00e9e <span class=\"_ _44\"> </span>quand <span class=\"_ _44\"> </span>elle <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>c\u00e9d\u00e9e <span class=\"_ _44\"> </span>sans <span class=\"_ _37\"> </span>recours <span class=\"_ _44\"> </span>et lorsqu\u2019il <span class=\"_\"> </span>est <span class=\"_\"> </span>prouv\u00e9 <span class=\"_\"> </span>que <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>transf\u00e9r\u00e9 <span class=\"_\"> </span>en <span class=\"_\"> </span>substance <span class=\"_\"> </span>tous <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>avantages <span class=\"_ _37\"> </span>significatifs <span class=\"_ _37\"> </span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _3b\"></span>d\u00e9tention <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>cr\u00e9ance <span class=\"_ _37\"></span>et qu\u2019il n\u2019<span class=\"_ _0\"></span>a plus d\u2019implication continue dans l\u2019<span class=\"_ _0\"></span>actif transf\u00e9r\u00e9.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-2": {
   "value": "5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-3": {
   "value": "5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-4": {
   "value": "5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-5": {
   "value": "5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-6": {
   "value": "5.1.4<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Autr<span class=\"_ _0\"></span>es actifs et dettes d\u2019<span class=\"_ _0\"></span>exploitation courants</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa26 fc1\">2021</span>TV<span class=\"_ _1\"></span>A d\u00e9ductible<span class=\"_ _318\"> </span>50<span class=\"_ _c6\"> </span>40Cr\u00e9dit d\u2019imp\u00f4t recherche et subv<span class=\"_ _0\"></span>entions<span class=\"_ _150\"> </span>1<span class=\"_ _f7\"> </span>5Charges constat\u00e9es d\u2019<span class=\"_ _0\"></span>avance<span class=\"_ _134\"> </span>12<span class=\"_ _1a3\"> </span>28Autres<span class=\"_ _238\"> </span>207<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>AUTRES A<span class=\"_ _0\"></span>CTIFS D\u2019EXPL<span class=\"_ _1\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTS<span class=\"_ _2b7\"> </span>271<span class=\"_ _292\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>3</span>Imp\u00f4ts \u00e0 payer<span class=\"_ _216\"> </span>(<span class=\"_ _0\"></span>42)<span class=\"_ _28d\"> </span>(43)Redevances \u2013 cour<span class=\"_ _0\"></span>antes<span class=\"_ _2e7\"> </span>(<span class=\"_ _3\"></span>38)<span class=\"_ _28d\"> </span>(42)Dettes sur acquisition d\u2019immobilisations et de filiales<span class=\"_ _12f\"> </span>(<span class=\"_ _3\"></span>32)<span class=\"_ _292\"> </span>(31)Autres<span class=\"_ _319\"> </span>(232)<span class=\"_ _53\"> </span>(169)AUTRES DETTES D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION COURANTES<span class=\"_ _2ef\"> </span>(<span class=\"_ _3\"></span>344)<span class=\"_ _f3\"> </span>(284)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-123-4": {
   "value": "E<span class=\"_ _0\"></span>stimation des redevances \u00e0 payerD<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_\"> </span>cadr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>normal <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>ses <span class=\"_ _47\"> </span>activit\u00e9s<span class=\"_ _0\"></span>, <span class=\"_\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_ _44\"> </span>\u00e0 utiliser certaines <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>prot\u00e9g\u00e9es par <span class=\"_ _3\"></span>des brevets <span class=\"_ _3\"></span>d\u00e9tenus par <span class=\"_ _3\"></span>des tiers. D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>la majorit\u00e9 <span class=\"_ _3\"></span>des cas, le <span class=\"_ _3\"></span>montant des <span class=\"_ _3\"></span>royalties \u00e0 payer <span class=\"_ _3\"></span>\u00e0 ces <span class=\"_ _3\"></span>tiers pour <span class=\"_ _3\"></span>l\u2019utilisation <span class=\"_ _3\"></span>de ces <span class=\"_ _3\"></span>technologies <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>d\u00e9fini <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>contrat formel <span class=\"_ _3\"></span>de licences. <span class=\"_ _37\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>certains <span class=\"_ _44\"> </span>cas, <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>particulier <span class=\"_ _37\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>premi\u00e8res <span class=\"_ _37\"></span>ann\u00e9es d\u2019une <span class=\"_ _65\"> </span>technologie <span class=\"_ _65\"> </span>\u00e9mergente, <span class=\"_ _65\"> </span>quand <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _1\"></span>appartenance <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>droits <span class=\"_ _65\"> </span>de Propri\u00e9t\u00e9 intellectuelle <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>\u00eatre d\u00e9termin\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>certaine, le <span class=\"_\"> </span>jugement <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>Direction <span class=\"_\"> </span>est <span class=\"_\"> </span>utilis\u00e9 <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_\"> </span>la <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>obabilit\u00e9 qu\u2019un <span class=\"_ _61\"> </span>tiers <span class=\"_ _60\"> </span>r\u00e9clame <span class=\"_ _61\"> </span>ses <span class=\"_ _60\"> </span>droits <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>pour <span class=\"_ _61\"> </span>estimer <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>co\u00fbt <span class=\"_ _61\"> </span>probable <span class=\"_ _61\"> </span>de l\u2019utilisation <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>technologie <span class=\"_ _3\"></span>d\u00e8s <span class=\"_ _3\"></span>lors que <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>r\u00e9clamation est <span class=\"_ _3\"></span>probable. P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>r\u00e9aliser <span class=\"_ _65\"> </span>cette <span class=\"_ _65\"> </span>\u00e9v<span class=\"_ _0\"></span>aluation, <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>Direction <span class=\"_ _64\"> </span>prend <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>compte <span class=\"_ _65\"> </span>son exp\u00e9rience <span class=\"_ _44\"> </span>pass\u00e9e <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>technologies <span class=\"_ _47\"> </span>comparables <span class=\"_ _37\"> </span>et/ou <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>des d\u00e9tenteurs <span class=\"_ _46\"> </span>particuliers <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>technologies. <span class=\"_\"> </span>Les <span class=\"_\"> </span>redevances <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>payer <span class=\"_ _61\"> </span>sont pr\u00e9sent\u00e9es <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>sein <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes <span class=\"_ _44\"> </span>courantes\ue61e\u00bb <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>\u00ab\ue61eAutres <span class=\"_ _44\"> </span>dettes non courantes\ue61e\u00bb dans le bilan du Groupe<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-127-2": {
   "value": "6<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">Imp\u00f4t dans le compte de r\u00e9sultat</span>6<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.1<span class=\"_ _7f\"> </span><span class=\"ls0 ws0\">Charge d\u2019imp\u00f4t</span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>r\u00e9sultats <span class=\"_\"> </span>comprend <span class=\"_\"> </span>l\u2019imp\u00f4t <span class=\"_\"> </span>courant <span class=\"_\"> </span>et <span class=\"_\"> </span>di\ue61f\u00e9r\u00e9. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t di\ue61f\u00e9r\u00e9 est <span class=\"_ _3\"></span>comptabilis\u00e9 dans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres si l\u2019imp\u00f4t <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>des \u00e9l\u00e9ments qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 pr\u00e9c\u00e9demment comptabilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat du <span class=\"_ _3\"></span>r\u00e9sultat global <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>en <span class=\"_ _3b\"></span>capitaux <span class=\"_ _44\"> </span>propres<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>lors <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>m\u00eame <span class=\"_ _37\"> </span>exercice <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>d\u2019un <span class=\"_ _37\"> </span>exercice di\ue61f\u00e9rent. <span class=\"_ _44\"> </span>Par <span class=\"_\"> </span>ailleurs <span class=\"_ _44\"> </span>IAS\ue61e12 <span class=\"_\"> </span>ne <span class=\"_ _44\"> </span>pr\u00e9cise <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>si <span class=\"_\"> </span>les <span class=\"_\"> </span>\u00e9conomies <span class=\"_ _44\"> </span>d\u2019imp\u00f4ts provenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>pertes <span class=\"_ _3b\"></span>reportables <span class=\"_ _3\"></span>doivent <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>rapporter <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ayant g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>pertes <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>soci\u00e9t\u00e9 <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>utilisera. <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _65\"> </span></span>Groupe <span class=\"_ _64\"> </span>a comptabilis\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>\u00e9conomies <span class=\"_ _65\"> </span>d\u2019imp\u00f4ts <span class=\"_ _64\"> </span>futures <span class=\"_ _65\"> </span>prov<span class=\"_ _0\"></span>enant <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>pertes reportables <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_\"> </span>op\u00e9rations <span class=\"_ _44\"> </span>poursuivies, <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_ _47\"> </span>ces <span class=\"_ _47\"> </span>reports <span class=\"_ _44\"> </span>d\u00e9ficitaires seront <span class=\"_ _6f\"> </span>utilis\u00e9s <span class=\"_ _6f\"> </span>gr\u00e2ce <span class=\"_ _4c\"> </span>aux <span class=\"_ _6f\"> </span>b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>taxables <span class=\"_ _6f\"> </span>futurs <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>activit\u00e9s poursuivies.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">application <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>l\u2019IFRIC\ue61e23 <span class=\"_ _61\"> </span>- <span class=\"_ _60\"> </span>Incertitudes <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>traitements </span>fiscaux, <span class=\"_ _6f\"> </span>l\u2019imp\u00f4t <span class=\"_ _6f\"> </span>inclut <span class=\"_ _4c\"> </span>d\u00e9sormais <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>positions <span class=\"_ _6f\"> </span>fiscales <span class=\"_ _6f\"> </span>incertaines comptabilis\u00e9es pr\u00e9c\u00e9demment en \"Autres pr<span class=\"_ _0\"></span>ovisions\".(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffa2d fc1\">2021\ue662*</span>Imp\u00f4t courant<span class=\"_ _31a\"> </span><span class=\"ffa2d\">\ue662<span class=\"_ _eb\"> </span>\ue662</span>Fr<span class=\"_ _0\"></span>ance<span class=\"_ _282\"> </span>(1)<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Etr<span class=\"_ _0\"></span>anger<span class=\"_ _260\"> </span>(17)<span class=\"_ _32\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)</span>T<span class=\"_ _23\"></span>otal imp\u00f4t courant<span class=\"_ _20f\"> </span>(19)<span class=\"_ _2e\"> </span>(9)Imp\u00f4t di\ue75b\u00e9r\u00e9<span class=\"_ _133\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Fr<span class=\"_ _0\"></span>ance<span class=\"_ _280\"> </span>-<span class=\"_ _c6\"> </span>(1)Etr<span class=\"_ _0\"></span>anger<span class=\"_ _25e\"> </span>(12)<span class=\"_ _129\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>T<span class=\"_ _23\"></span>otal imp\u00f4t di\ue75b\u00e9r\u00e9<span class=\"_ _31b\"> </span><span class=\"ffa2e\">(11)<span class=\"_ _2e\"> </span>(5)</span>T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL CHARGE D<span class=\"_ _0\"></span>\u2019IMP\u00d4T DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S POURSUIVIES<span class=\"_ _279\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _12c\"> </span>(14)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61eEn <span class=\"ls0 ws0\">2022, la charge d\u2019imp\u00f4t courant r\u00e9sulte principalement des imp\u00f4ts courants comptabilis\u00e9s <span class=\"_ _0\"></span>en Inde, en P<span class=\"_ _0\"></span>ologne, au Mexique et au Canada.</span>En <span class=\"ls0 ws0\">2021, la charge d\u2019imp\u00f4t courant r\u00e9sulte principalement des imp\u00f4ts courants <span class=\"_ _0\"></span>comptabilis\u00e9s au Mexique, en Inde et au Canada.</span>Se reporter \u00e0 la note 6.2.<span class=\"_ _0\"></span>1 pour plus de d\u00e9tails sur la variation des imp\u00f4ts di\ue61f\u00e9r\u00e9s<span class=\"_ _0\"></span>.6<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">R<span class=\"_ _0\"></span>\u00e9conciliation entre la charge d\u2019imp\u00f4t th\u00e9orique et la charge d\u2019imp\u00f4t r<span class=\"_ _0\"></span>\u00e9elle</span>Le <span class=\"ls0 ws0\">tableau suivant illustre la r\u00e9conciliation entre la charge d\u2019imp\u00f4t th\u00e9orique (obtenue en appliquant le taux fran\u00e7ais d\u2019imp\u00f4t sur les soci\u00e9t\u00e9s de 25,83\ue61f%) et la </span>charge d\u2019imp\u00f4t comptabilis\u00e9e<span class=\"_ _0\"></span>. Les \u00e9l\u00e9ments de rapprochement sont d\u00e9crits ci<span class=\"ffa35\">\u2011</span>dessous\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffa37 fc1\">2021\ue662*</span>R\u00e9sultat net consolid\u00e9 des activit\u00e9s poursuivies<span class=\"_ _12f\"> </span>(529)<span class=\"_ _fe\"> </span>(143)R\u00e9sultat li\u00e9 aux soci\u00e9t\u00e9s mises en \u00e9quivalence<span class=\"_ _2ae\"> </span>(311)<span class=\"_ _f5\"> </span>-Imp\u00f4t sur les r\u00e9sultats<span class=\"_ _261\"> </span>(30)<span class=\"_ _11b\"> </span>(14)R\u00e9sultat des activit\u00e9s poursuivies avant imp\u00f4ts<span class=\"_ _31c\"> </span>(188)<span class=\"_ _f8\"> </span>(130)\ue61f<span class=\"_ _31d\"> </span>26\ue61f%<span class=\"_ _e5\"> </span>28\ue61f%Charge d\u2019imp\u00f4t th\u00e9orique<span class=\"_ _30b\"> </span>49<span class=\"_ _1a3\"> </span>37(1)V<span class=\"_ _1\"></span>ariation des imp\u00f4ts di\ue61e\u00e9r\u00e9s actifs non reconnus\ue61f<span class=\"_ _29c\"> </span>(80)<span class=\"_ _55\"> </span>149E\ue61eet des di\ue61e\u00e9r<span class=\"_ _0\"></span>ences permanentes<span class=\"_ _147\"> </span>(15)<span class=\"_ _28d\"> </span>(35)E\ue61eet des di\ue61e\u00e9r<span class=\"_ _0\"></span>ents taux d\u2019imp\u00f4t appliqu\u00e9s<span class=\"_ _29d\"> </span>16<span class=\"_ _129\"> </span><span class=\"ls52 ws52\">(6)</span>(2)E\ue61eet des modifications de taux d\u2019imp\u00f4ts appliqu\u00e9s localement\ue61f<span class=\"_ _305\"> </span>1<span class=\"_ _53\"> </span>(156)Retenues \u00e0 la source non imput\u00e9es<span class=\"_ _31e\"> </span>-<span class=\"_ _129\"> </span>(2)Charge d\u2019imp\u00f4t des activit\u00e9s poursuivies<span class=\"_ _271\"> </span>(<span class=\"_ _3\"></span>30)<span class=\"_ _12c\"> </span>(14)*\ue61f\ue61f\ue61fLes chi\ue61eres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1)\ue61fEn 2022, principalement li\u00e9 \u00e0 la d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation des ac<span class=\"_ _3\"></span>tifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s li\u00e9s aux pert<span class=\"_ _0\"></span>es de l\u2019ann\u00e9e<span class=\"_ _0\"></span>.(2)\ue61fEn 2021, le montant inclut essentiellement l\u2019impact de modification de taux d\u2019imp\u00f4t futurs notamment en F<span class=\"_ _0\"></span>rance (26\ue61f% en 2021 contre 32\ue61f% en 2020).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-3": {
   "value": "L<span class=\"_ _1\"></span>\u2019imp\u00f4t <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>r\u00e9sultats <span class=\"_\"> </span>comprend <span class=\"_\"> </span>l\u2019imp\u00f4t <span class=\"_\"> </span>courant <span class=\"_\"> </span>et <span class=\"_\"> </span>di\ue61f\u00e9r\u00e9. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t di\ue61f\u00e9r\u00e9 est <span class=\"_ _3\"></span>comptabilis\u00e9 dans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres si l\u2019imp\u00f4t <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>des \u00e9l\u00e9ments qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 pr\u00e9c\u00e9demment comptabilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat du <span class=\"_ _3\"></span>r\u00e9sultat global <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>en <span class=\"_ _3b\"></span>capitaux <span class=\"_ _44\"> </span>propres<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>lors <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>m\u00eame <span class=\"_ _37\"> </span>exercice <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>d\u2019un <span class=\"_ _37\"> </span>exercice di\ue61f\u00e9rent. <span class=\"_ _44\"> </span>Par <span class=\"_\"> </span>ailleurs <span class=\"_ _44\"> </span>IAS\ue61e12 <span class=\"_\"> </span>ne <span class=\"_ _44\"> </span>pr\u00e9cise <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>si <span class=\"_\"> </span>les <span class=\"_\"> </span>\u00e9conomies <span class=\"_ _44\"> </span>d\u2019imp\u00f4ts provenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>pertes <span class=\"_ _3b\"></span>reportables <span class=\"_ _3\"></span>doivent <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>rapporter <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ayant g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>pertes <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>soci\u00e9t\u00e9 <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>utilisera. <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _65\"> </span></span>Groupe <span class=\"_ _64\"> </span>a comptabilis\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>\u00e9conomies <span class=\"_ _65\"> </span>d\u2019imp\u00f4ts <span class=\"_ _64\"> </span>futures <span class=\"_ _65\"> </span>prov<span class=\"_ _0\"></span>enant <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>pertes reportables <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_\"> </span>op\u00e9rations <span class=\"_ _44\"> </span>poursuivies, <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_ _47\"> </span>ces <span class=\"_ _47\"> </span>reports <span class=\"_ _44\"> </span>d\u00e9ficitaires seront <span class=\"_ _6f\"> </span>utilis\u00e9s <span class=\"_ _6f\"> </span>gr\u00e2ce <span class=\"_ _4c\"> </span>aux <span class=\"_ _6f\"> </span>b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>taxables <span class=\"_ _6f\"> </span>futurs <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>activit\u00e9s poursuivies.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">application <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>l\u2019IFRIC\ue61e23 <span class=\"_ _61\"> </span>- <span class=\"_ _60\"> </span>Incertitudes <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>traitements </span>fiscaux, <span class=\"_ _6f\"> </span>l\u2019imp\u00f4t <span class=\"_ _6f\"> </span>inclut <span class=\"_ _4c\"> </span>d\u00e9sormais <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>positions <span class=\"_ _6f\"> </span>fiscales <span class=\"_ _6f\"> </span>incertaines comptabilis\u00e9es pr\u00e9c\u00e9demment en \"Autres pr<span class=\"_ _0\"></span>ovisions\".6.<span class=\"_ _3\"></span>2<span class=\"_ _c3\"> </span><span class=\"ls0 ws0\">Situation fiscale dans l\u2019<span class=\"_ _1\"></span>\u00e9tat de la situation financi\u00e8re</span>Les imp\u00f4ts di\ue61e\u00e9r\u00e9s r<span class=\"_ _0\"></span>\u00e9sultent\ue61f:\u2022des <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_ _46\"> </span>temporelles <span class=\"_ _61\"> </span>entre <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _61\"> </span>imposable <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et passifs et leur valeur comptable dans le bilan consolid\u00e9 du Groupe\ue61f; et\u2022des pertes fiscales et des cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s reportables<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">calcul <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _3b\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>di\ue61e\u00e9rences <span class=\"_ _3b\"></span>temporelles </span>est <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>entit\u00e9 <span class=\"_ _3b\"></span>(ou <span class=\"_ _3\"></span>groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s) <span class=\"_ _3\"></span>fiscale <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode du \u00ab\ue61freport variable\ue61f\u00bb.T<span class=\"_ _23\"></span>ous les passifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s sont comptabilis\u00e9s sauf\ue61f:\u2022si <span class=\"_ _3\"></span>l\u2019imp\u00f4t <span class=\"_ _3\"></span>r\u00e9sulte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2018acquisition, ou <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>d\u2019un <span class=\"_\"> </span>passif <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>une transaction <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>entreprises <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>qui, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>op\u00e9ration, <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>affecte <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable ou la perte fiscale\ue61f; et\u2022pour <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_\"> </span>temporelles <span class=\"_\"> </span>taxables <span class=\"_ _46\"> </span>li\u00e9es <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>participations dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>filiales, <span class=\"_ _61\"> </span>entreprises <span class=\"_ _61\"> </span>associ\u00e9es <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>co<span class=\"ffa35\">\u2011</span>entreprises, <span class=\"_ _61\"> </span>lorsque <span class=\"_ _61\"> </span>le Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>capable <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>contr\u00f4ler <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>diff\u00e9rence temporelle <span class=\"_ _46\"> </span>s\u2019inversera <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>s\u2019il <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>probable <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>diff\u00e9rence <span class=\"_ _61\"> </span>ne <span class=\"_ _61\"> </span>se r\u00e9alisera pas dans un avenir pr<span class=\"_ _0\"></span>\u00e9visible.Des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s sont comptabilis\u00e9s\ue61f:\u2022pour <span class=\"_ _3b\"></span>toute <span class=\"_ _3b\"></span>diff\u00e9rence <span class=\"_ _3b\"></span>temporelle <span class=\"_ _3b\"></span>d\u00e9ductible, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _37\"></span>il <span class=\"_ _3b\"></span>est probable <span class=\"_ _37\"> </span>qu\u2019<span class=\"_ _0\"></span>existe <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>imposable, <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>lequel <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>diff\u00e9rences temporelles <span class=\"_ _44\"> </span>d\u00e9ductibles <span class=\"_\"> </span>pourront <span class=\"_ _44\"> </span>\u00eatre <span class=\"_\"> </span>imput\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>que <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif d\u2019imp\u00f4t <span class=\"_ _3\"></span>diff\u00e9r\u00e9 <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9 par <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>actif ou <span class=\"_ _47\"> </span>d\u2019un <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>ansaction <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>qui, <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>moment <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>transaction, <span class=\"_ _61\"> </span>n\u2019affecte <span class=\"_ _61\"> </span>ni <span class=\"_ _61\"> </span>le b\u00e9n\u00e9fice comptable, ni le b\u00e9n\u00e9fice imposable (ou perte fiscale)\ue61f; et\u2022pour <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>report <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>avant <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>pertes <span class=\"_ _44\"> </span>fiscales <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cr\u00e9dits <span class=\"_ _44\"> </span>d\u2019imp\u00f4t <span class=\"_ _37\"> </span>non utilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>probable <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>disposera <span class=\"_ _3b\"></span>de b\u00e9n\u00e9fices <span class=\"_ _3b\"></span>imposables <span class=\"_ _37\"> </span>futurs <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>lesquels <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"> </span>pertes fiscales <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s pourront \u00eatre imput\u00e9s<span class=\"_ _0\"></span>.La valeur recouvrable des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s est revue \u00e0 chaque date de <span class=\"_\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>ajust\u00e9e <span class=\"_\"> </span>pour <span class=\"_\"> </span>prendre <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>compte <span class=\"_\"> </span>le <span class=\"_\"> </span>niveau <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable disponible pour <span class=\"_ _3\"></span>permettre l\u2019utilisation de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>avantage de tout <span class=\"_ _3\"></span>ou partie de ces actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>d\u2019imp\u00f4ts <span class=\"_ _3\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019imp\u00f4t <span class=\"_ _3\"></span>dont l\u2019<span class=\"_ _0\"></span>application <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>attendue <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>duquel <span class=\"_ _3\"></span>l\u2019actif <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 ou <span class=\"_ _61\"> </span>le <span class=\"_ _46\"> </span>passif <span class=\"_ _61\"> </span>r\u00e9gl\u00e9, <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>taux <span class=\"_ _61\"> </span>d\u2019imp\u00f4t <span class=\"_ _46\"> </span>(et <span class=\"_ _61\"> </span>r\u00e9glementations fiscales) <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>quasiment <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture<span class=\"_ _0\"></span>. Les imp\u00f4ts di\ue61e\u00e9r\u00e9s sont class\u00e9s en actifs et passifs non cour<span class=\"_ _0\"></span>ants.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>passifs <span class=\"_ _37\"></span>d\u2019imp\u00f4ts <span class=\"_ _37\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _37\"></span>sont <span class=\"_ _37\"> </span>compens\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>entit\u00e9 <span class=\"_ _44\"> </span>fiscale pour des \u00e9ch\u00e9ances de retournement \u00e9quivalentes<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"_ _37\"></span><span class=\"ls0 ws0\">jugement <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>requis <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>d\u00e9terminer <span class=\"_ _37\"></span>les </span>imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>passifs. <span class=\"_ _60\"> </span>Lorsqu\u2019une <span class=\"_ _61\"> </span>entit\u00e9 <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>a <span class=\"_ _61\"> </span>subi r\u00e9cemment <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _44\"></span>fiscales, <span class=\"_ _3b\"></span>le <span class=\"_ _44\"></span>retour <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>fiscal <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>suppos\u00e9 improbable<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>moins <span class=\"_ _3b\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _37\"></span>imp\u00f4t <span class=\"_ _44\"></span>di\ue61f\u00e9r\u00e9 <span class=\"_ _3b\"></span>actif <span class=\"_ _37\"></span>soit justifi\u00e9e par\ue61d:\u2022des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>qui <span class=\"_ _37\"></span>sont <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>cons\u00e9quence <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>circonstances <span class=\"_ _37\"></span>exceptionnelles et qui ne devraient pas se renouveler dans un av<span class=\"_ _0\"></span>enir proche\ue61d;\u2022la perspective de gains exceptionnels\ue61d; ou\u2022les r\u00e9sultats futurs attendus des contrats long terme<span class=\"_ _0\"></span>.\ue61dLe <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9tabli <span class=\"_\"> </span>un <span class=\"_\"> </span>plan <span class=\"_\"> </span>de <span class=\"_\"> </span>recouvr<span class=\"_ _0\"></span>abilit\u00e9 <span class=\"_\"> </span>des <span class=\"_\"> </span>imp\u00f4ts <span class=\"_\"> </span>permettant </span>d\u2019<span class=\"_ _0\"></span>estimer le montant des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs pouvant \u00eatre r<span class=\"_ _0\"></span>econnus.6<span class=\"_ _3\"></span>.<span class=\"_ _3b\"></span>2<span class=\"_ _3\"></span>.1<span class=\"_ _6e\"> </span><span class=\"ls0 ws0\">Analyse des v<span class=\"_ _0\"></span>ariations des imp\u00f4ts diff\u00e9r\u00e9s actifs et passifs nets</span>(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)Imp\u00f4ts di\ue75b\u00e9r\u00e9s actifs<span class=\"_ _81\"> </span>Imp\u00f4ts di\ue75b\u00e9r<span class=\"_ _0\"></span>\u00e9s passifs<span class=\"_ _c5\"> </span>T<span class=\"_ _f\"></span>otal, Imp\u00f4ts di\ue75b\u00e9r\u00e9s netsAu 31\ue662d\u00e9cembre 2020<span class=\"_ _31f\"> </span><span class=\"ffa41\">45<span class=\"_ _1de\"> </span>(15)<span class=\"_ _118\"> </span></span>30V<span class=\"_ _1\"></span>ariations impactant le r\u00e9sultat des activit\u00e9s poursuivies\ue61d*<span class=\"_ _d3\"> </span>(7)<span class=\"_ _38\"> </span>2<span class=\"_ _de\"> </span>(5)(1)Autres mouvements\ue61d<span class=\"_ _31c\"> </span>12<span class=\"_ _de\"> </span>(7)<span class=\"_ _38\"> </span>5Au 31\ue662d\u00e9cembre 2021<span class=\"_ _14c\"> </span>50<span class=\"_ _106\"> </span>(20)<span class=\"_ _118\"> </span>30V<span class=\"_ _1\"></span>ariations impactant le r\u00e9sultat des activit\u00e9s poursuivies<span class=\"_ _320\"> </span>(35)<span class=\"_ _fa\"> </span>23<span class=\"_ _f2\"> </span>(12)(1)Autres mouvements\ue61d<span class=\"_ _22c\"> </span>4<span class=\"_ _de\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _13a\"> </span></span>(2)AU 31\ue662d\u00e9cembre 2022<span class=\"_ _31f\"> </span><span class=\"ffa41\">19<span class=\"_ _e0\"> </span>(3)<span class=\"_ _113\"> </span>16</span>*\ue61f\ue61f\ue61fLes chi\ue61eres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1)\ue61fPrincipalement compensation des imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s ac<span class=\"_ _3\"></span>tifs <span class=\"ls5e ws5e\">et </span>passifs d\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance identique par entit\u00e9 fiscal, l\u2019impact fiscal sur les autres \u00e9l\u00e9ments du r<span class=\"_ _0\"></span>\u00e9sultat global ainsi que les variations de change.\ue61dAu <span class=\"_ _61\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _61\"> </span>2022, <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>actifs <span class=\"_ _60\"> </span>nets <span class=\"_ _61\"> </span>d\u2019imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>16\ue61dmillions <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _61\"> </span>r\u00e9sultent <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>reconnaissance <span class=\"_ _61\"> </span>des <span class=\"_ _60\"> </span>pertes <span class=\"_ _61\"> </span>reportables <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019impacts de\ue61ddivers\ue61ddi\ue61f\u00e9rences temporair<span class=\"_ _0\"></span>es au Mexique, en Australie et en P<span class=\"_ _0\"></span>ologne.Au <span class=\"_ _61\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _61\"> </span>2021, <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>nets <span class=\"_ _60\"> </span>d\u2019imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>30\ue61dmillions <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _61\"> </span>r\u00e9sultent <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>reconnaissance <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>pertes <span class=\"_ _61\"> </span>reportables <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019impacts de\ue61ddivers\ue61ddi\ue61f\u00e9rences temporair<span class=\"_ _0\"></span>es en Australie, I<span class=\"_ _0\"></span>nde, Mexique, au R<span class=\"_ _0\"></span>oyaume<span class=\"ffa43\">\u2011</span>Uni et au Canada.6.2<span class=\"_ _0\"></span>.2<span class=\"_ _10d\"> </span><span class=\"ls0 ws0\">Analyse des imp\u00f4ts diff\u00e9r\u00e9s nets par nature</span>(en\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa40 fc1\">2021</span>E\ue75bet \ue75cscal des r<span class=\"_ _0\"></span>eports d\u00e9\ue75ccitaires<span class=\"_ _252\"> </span>1\ue662049<span class=\"_ _f8\"> </span>1\ue662055E\ue75bet \ue75cscal des di\ue75b\u00e9r<span class=\"_ _0\"></span>ences temporelles li\u00e9es aux\ue662:<span class=\"_ _321\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Immobilisations corporelles<span class=\"_ _1df\"> </span>12<span class=\"_ _e4\"> </span>30\u00c9<span class=\"_ _0\"></span>carts d\u2019acquisition<span class=\"_ _263\"> </span>4<span class=\"_ _129\"> </span>(2)Immobilisations incorporelles<span class=\"_ _308\"> </span>(48)<span class=\"_ _12c\"> </span>(55)Cr\u00e9ances clients et autres actifs<span class=\"_ _322\"> </span>22<span class=\"_ _1a3\"> </span><span class=\"ls53 ws53\">24</span>Dettes financi\u00e8res<span class=\"_ _323\"> </span>198<span class=\"_ _126\"> </span><span class=\"ls70 ws70\">1<span class=\"_ _3\"></span>70</span>Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s<span class=\"_ _2c4\"> </span>46<span class=\"_ _e4\"> </span>46Provisions et autr<span class=\"_ _0\"></span>es passifs<span class=\"_ _1df\"> </span>115<span class=\"_ _e4\"> </span>30T<span class=\"_ _23\"></span>otal des imp\u00f4ts di\ue75b\u00e9r\u00e9s sur di\ue75b\u00e9rences temporelles<span class=\"_ _13c\"> </span><span class=\"ffa41\">349<span class=\"_ _292\"> </span></span><span class=\"ls53 ws53\">244</span>Imp\u00f4ts di\ue75b\u00e9r\u00e9s actifs (p<span class=\"_ _0\"></span>assifs), bruts<span class=\"_ _324\"> </span>1\ue662398<span class=\"_ _e7\"> </span>1\ue662299Provision pour d\u00e9pr<span class=\"_ _0\"></span>\u00e9ciation des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs<span class=\"_ _2af\"> </span>(1\ue61d382)<span class=\"_ _ee\"> </span>(1\ue61d269)IMP\u00d4<span class=\"_ _0\"></span>TS DIFF\u00c9R\u00c9S ACTIFS (P<span class=\"_ _1\"></span>ASSIFS<span class=\"_ _3\"></span>), NETS<span class=\"_ _22c\"> </span><span class=\"ffa41\">16<span class=\"_ _c6\"> </span></span>30\ue61dLes reports fiscaux d\u00e9ficitair<span class=\"_ _0\"></span>es dont le Groupe b\u00e9n\u00e9ficie dans les <span class=\"ls4e ws4e\">pays </span>o\u00f9 il exerce encore une activit\u00e9 s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8vent \u00e0 2,7\ue61dmilliards d\u2019<span class=\"_ _1\"></span>euros.En <span class=\"ls0 ws0\">2022, ces reports d\u00e9ficitaires proviennent principalement de la F<span class=\"_ _0\"></span>rance, des \u00c9<span class=\"_ _0\"></span>tats<span class=\"ffa43\">\u2011</span>Unis et du Roy<span class=\"_ _0\"></span>aume<span class=\"ffa43\">\u2011</span>Uni.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-5": {
   "value": "L<span class=\"_ _1\"></span>\u2019imp\u00f4t <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>r\u00e9sultats <span class=\"_\"> </span>comprend <span class=\"_\"> </span>l\u2019imp\u00f4t <span class=\"_\"> </span>courant <span class=\"_\"> </span>et <span class=\"_\"> </span>di\ue61f\u00e9r\u00e9. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019imp\u00f4t di\ue61f\u00e9r\u00e9 est <span class=\"_ _3\"></span>comptabilis\u00e9 dans <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres si l\u2019imp\u00f4t <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>des \u00e9l\u00e9ments qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 pr\u00e9c\u00e9demment comptabilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat du <span class=\"_ _3\"></span>r\u00e9sultat global <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>en <span class=\"_ _3b\"></span>capitaux <span class=\"_ _44\"> </span>propres<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>lors <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>m\u00eame <span class=\"_ _37\"> </span>exercice <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>d\u2019un <span class=\"_ _37\"> </span>exercice di\ue61f\u00e9rent. <span class=\"_ _44\"> </span>Par <span class=\"_\"> </span>ailleurs <span class=\"_ _44\"> </span>IAS\ue61e12 <span class=\"_\"> </span>ne <span class=\"_ _44\"> </span>pr\u00e9cise <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>si <span class=\"_\"> </span>les <span class=\"_\"> </span>\u00e9conomies <span class=\"_ _44\"> </span>d\u2019imp\u00f4ts provenant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>pertes <span class=\"_ _3b\"></span>reportables <span class=\"_ _3\"></span>doivent <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>rapporter <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ayant g\u00e9n\u00e9r\u00e9 <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>pertes <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>soci\u00e9t\u00e9 <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>utilisera. <span class=\"_ _64\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _65\"> </span></span>Groupe <span class=\"_ _64\"> </span>a comptabilis\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _64\"> </span>\u00e9conomies <span class=\"_ _65\"> </span>d\u2019imp\u00f4ts <span class=\"_ _64\"> </span>futures <span class=\"_ _65\"> </span>prov<span class=\"_ _0\"></span>enant <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>pertes reportables <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_\"> </span>op\u00e9rations <span class=\"_ _44\"> </span>poursuivies, <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_ _47\"> </span>ces <span class=\"_ _47\"> </span>reports <span class=\"_ _44\"> </span>d\u00e9ficitaires seront <span class=\"_ _6f\"> </span>utilis\u00e9s <span class=\"_ _6f\"> </span>gr\u00e2ce <span class=\"_ _4c\"> </span>aux <span class=\"_ _6f\"> </span>b\u00e9n\u00e9fices <span class=\"_ _6f\"> </span>taxables <span class=\"_ _6f\"> </span>futurs <span class=\"_ _6f\"> </span>des <span class=\"_ _6f\"> </span>activit\u00e9s poursuivies.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">application <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>l\u2019IFRIC\ue61e23 <span class=\"_ _61\"> </span>- <span class=\"_ _60\"> </span>Incertitudes <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>aux <span class=\"_ _64\"> </span>traitements </span>fiscaux, <span class=\"_ _6f\"> </span>l\u2019imp\u00f4t <span class=\"_ _6f\"> </span>inclut <span class=\"_ _4c\"> </span>d\u00e9sormais <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>positions <span class=\"_ _6f\"> </span>fiscales <span class=\"_ _6f\"> </span>incertaines comptabilis\u00e9es pr\u00e9c\u00e9demment en \"Autres pr<span class=\"_ _0\"></span>ovisions\".Les imp\u00f4ts di\ue61e\u00e9r\u00e9s r<span class=\"_ _0\"></span>\u00e9sultent\ue61f:\u2022des <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_ _46\"> </span>temporelles <span class=\"_ _61\"> </span>entre <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _61\"> </span>imposable <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et passifs et leur valeur comptable dans le bilan consolid\u00e9 du Groupe\ue61f; et\u2022des pertes fiscales et des cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s reportables<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">calcul <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _3b\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ensemble <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>di\ue61e\u00e9rences <span class=\"_ _3b\"></span>temporelles </span>est <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>entit\u00e9 <span class=\"_ _3b\"></span>(ou <span class=\"_ _3\"></span>groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>entit\u00e9s) <span class=\"_ _3\"></span>fiscale <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode du \u00ab\ue61freport variable\ue61f\u00bb.T<span class=\"_ _23\"></span>ous les passifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s sont comptabilis\u00e9s sauf\ue61f:\u2022si <span class=\"_ _3\"></span>l\u2019imp\u00f4t <span class=\"_ _3\"></span>r\u00e9sulte de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>\u00e9cart <span class=\"_ _3\"></span>d\u2018acquisition, ou <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>actif <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>d\u2019un <span class=\"_\"> </span>passif <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>une transaction <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>n\u2019<span class=\"_ _1\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>entreprises <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>qui, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>la date <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>op\u00e9ration, <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>affecte <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>comptable<span class=\"_ _0\"></span>, <span class=\"_\"> </span>ni <span class=\"_\"> </span>le <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable ou la perte fiscale\ue61f; et\u2022pour <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>diff\u00e9rences <span class=\"_\"> </span>temporelles <span class=\"_\"> </span>taxables <span class=\"_ _46\"> </span>li\u00e9es <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>participations dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>filiales, <span class=\"_ _61\"> </span>entreprises <span class=\"_ _61\"> </span>associ\u00e9es <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>co<span class=\"ffa35\">\u2011</span>entreprises, <span class=\"_ _61\"> </span>lorsque <span class=\"_ _61\"> </span>le Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>capable <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>contr\u00f4ler <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>diff\u00e9rence temporelle <span class=\"_ _46\"> </span>s\u2019inversera <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>s\u2019il <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>probable <span class=\"_\"> </span>que <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>diff\u00e9rence <span class=\"_ _61\"> </span>ne <span class=\"_ _61\"> </span>se r\u00e9alisera pas dans un avenir pr<span class=\"_ _0\"></span>\u00e9visible.Des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r<span class=\"_ _0\"></span>\u00e9s sont comptabilis\u00e9s\ue61f:\u2022pour <span class=\"_ _3b\"></span>toute <span class=\"_ _3b\"></span>diff\u00e9rence <span class=\"_ _3b\"></span>temporelle <span class=\"_ _3b\"></span>d\u00e9ductible, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _37\"></span>il <span class=\"_ _3b\"></span>est probable <span class=\"_ _37\"> </span>qu\u2019<span class=\"_ _0\"></span>existe <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>imposable, <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>lequel <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>diff\u00e9rences temporelles <span class=\"_ _44\"> </span>d\u00e9ductibles <span class=\"_\"> </span>pourront <span class=\"_ _44\"> </span>\u00eatre <span class=\"_\"> </span>imput\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>que <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif d\u2019imp\u00f4t <span class=\"_ _3\"></span>diff\u00e9r\u00e9 <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>soit <span class=\"_ _3\"></span>g\u00e9n\u00e9r\u00e9 par <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>comptabilisation <span class=\"_ _3\"></span>initiale <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>actif ou <span class=\"_ _47\"> </span>d\u2019un <span class=\"_ _44\"> </span>passif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>ansaction <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_\"> </span>pas <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>r<span class=\"_ _0\"></span>egroupement d\u2019<span class=\"_ _0\"></span>entreprises <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>qui, <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>moment <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>transaction, <span class=\"_ _61\"> </span>n\u2019affecte <span class=\"_ _61\"> </span>ni <span class=\"_ _61\"> </span>le b\u00e9n\u00e9fice comptable, ni le b\u00e9n\u00e9fice imposable (ou perte fiscale)\ue61f; et\u2022pour <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>report <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>avant <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>pertes <span class=\"_ _44\"> </span>fiscales <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>cr\u00e9dits <span class=\"_ _44\"> </span>d\u2019imp\u00f4t <span class=\"_ _37\"> </span>non utilis\u00e9s <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>probable <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>disposera <span class=\"_ _3b\"></span>de b\u00e9n\u00e9fices <span class=\"_ _3b\"></span>imposables <span class=\"_ _37\"> </span>futurs <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>lesquels <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"> </span>pertes fiscales <span class=\"_ _3b\"></span>et <span class=\"_ _37\"> </span>cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s pourront \u00eatre imput\u00e9s<span class=\"_ _0\"></span>.La valeur recouvrable des actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s est revue \u00e0 chaque date de <span class=\"_\"> </span>cl\u00f4ture <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>ajust\u00e9e <span class=\"_\"> </span>pour <span class=\"_\"> </span>prendre <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>compte <span class=\"_\"> </span>le <span class=\"_\"> </span>niveau <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>b\u00e9n\u00e9fice imposable disponible pour <span class=\"_ _3\"></span>permettre l\u2019utilisation de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>avantage de tout <span class=\"_ _3\"></span>ou partie de ces actifs d\u2019imp\u00f4ts di\ue61e\u00e9r\u00e9s<span class=\"_ _0\"></span>.Les <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>passifs <span class=\"_ _3\"></span>d\u2019imp\u00f4ts <span class=\"_ _3\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019imp\u00f4t <span class=\"_ _3\"></span>dont l\u2019<span class=\"_ _0\"></span>application <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>attendue <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3b\"></span>duquel <span class=\"_ _3\"></span>l\u2019actif <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 ou <span class=\"_ _61\"> </span>le <span class=\"_ _46\"> </span>passif <span class=\"_ _61\"> </span>r\u00e9gl\u00e9, <span class=\"_\"> </span>sur <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>taux <span class=\"_ _61\"> </span>d\u2019imp\u00f4t <span class=\"_ _46\"> </span>(et <span class=\"_ _61\"> </span>r\u00e9glementations fiscales) <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>quasiment <span class=\"_ _3b\"></span>adopt\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture<span class=\"_ _0\"></span>. Les imp\u00f4ts di\ue61e\u00e9r\u00e9s sont class\u00e9s en actifs et passifs non cour<span class=\"_ _0\"></span>ants.Les <span class=\"_ _3b\"></span>actifs <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>passifs <span class=\"_ _37\"></span>d\u2019imp\u00f4ts <span class=\"_ _37\"></span>di\ue61e\u00e9r\u00e9s <span class=\"_ _37\"></span>sont <span class=\"_ _37\"> </span>compens\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>entit\u00e9 <span class=\"_ _44\"> </span>fiscale pour des \u00e9ch\u00e9ances de retournement \u00e9quivalentes<span class=\"_ _0\"></span>.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"_ _37\"></span><span class=\"ls0 ws0\">jugement <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>Direction <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>requis <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>d\u00e9terminer <span class=\"_ _37\"></span>les </span>imp\u00f4ts <span class=\"_ _61\"> </span>di\ue61f\u00e9r\u00e9s <span class=\"_ _60\"> </span>actifs <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>passifs. <span class=\"_ _60\"> </span>Lorsqu\u2019une <span class=\"_ _61\"> </span>entit\u00e9 <span class=\"_ _60\"> </span>sp\u00e9cifique <span class=\"_ _60\"> </span>a <span class=\"_ _61\"> </span>subi r\u00e9cemment <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>pertes <span class=\"_ _44\"></span>fiscales, <span class=\"_ _3b\"></span>le <span class=\"_ _44\"></span>retour <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>fiscal <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>suppos\u00e9 improbable<span class=\"_ _0\"></span>, <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>moins <span class=\"_ _3b\"></span>que <span class=\"_ _44\"></span>la <span class=\"_ _3b\"></span>reconnaissance <span class=\"_ _37\"></span>d\u2019un <span class=\"_ _37\"></span>imp\u00f4t <span class=\"_ _44\"></span>di\ue61f\u00e9r\u00e9 <span class=\"_ _3b\"></span>actif <span class=\"_ _37\"></span>soit justifi\u00e9e par\ue61d:\u2022des <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>qui <span class=\"_ _37\"></span>sont <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>cons\u00e9quence <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>circonstances <span class=\"_ _37\"></span>exceptionnelles et qui ne devraient pas se renouveler dans un av<span class=\"_ _0\"></span>enir proche\ue61d;\u2022la perspective de gains exceptionnels\ue61d; ou\u2022les r\u00e9sultats futurs attendus des contrats long terme<span class=\"_ _0\"></span>.\ue61dLe <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9tabli <span class=\"_\"> </span>un <span class=\"_\"> </span>plan <span class=\"_\"> </span>de <span class=\"_\"> </span>recouvr<span class=\"_ _0\"></span>abilit\u00e9 <span class=\"_\"> </span>des <span class=\"_\"> </span>imp\u00f4ts <span class=\"_\"> </span>permettant </span>d\u2019<span class=\"_ _0\"></span>estimer le montant des imp\u00f4ts di\ue61f\u00e9r\u00e9s actifs pouvant \u00eatre r<span class=\"_ _0\"></span>econnus.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-141-2": {
   "value": "NOTES ANNEXES AUX C<span class=\"_ _0\"></span>OMPTES CONSOLID\u00c9S (SUITE)Note 7<span class=\"_ _c3\"> </span>Capitaux propr<span class=\"_ _0\"></span>es et r\u00e9sultat par action7.<span class=\"_ _44\"></span>3<span class=\"_ _14f\"> </span><span class=\"ls0 ws0\">R\u00e9sultat par action</span>Le <span class=\"_ _65\"> </span>r\u00e9sultat <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>calcul\u00e9 <span class=\"_ _64\"> </span>en <span class=\"_ _65\"> </span>divisant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>r\u00e9sultat attribuable <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _47\"> </span>m\u00e8re <span class=\"_ _44\"> </span>par <span class=\"_ _47\"> </span>le nombre moyen <span class=\"_ _3\"></span>pond\u00e9r\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires en <span class=\"_ _3\"></span>circulation au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la p\u00e9riode, en ex<span class=\"_ _0\"></span>cluant les actions propres d\u00e9tenues par le Groupe.Le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>dilu\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>action <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>calcul\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>divisant <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>attribuable aux porteurs d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires de la soci\u00e9t\u00e9 m\u00e8re par le nombre moyen pond\u00e9r\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_\"> </span>en <span class=\"_\"> </span>circulation <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_\"> </span>en prenant <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>tous <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>instruments <span class=\"_ _65\"> </span>potentiellement dilutifs <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>convertis <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>produit <span class=\"_ _3\"></span>suppos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces instruments <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>utilis\u00e9 <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"> </span>acqu\u00e9rir <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>actions <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>cours moyen <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_\"> </span>dur<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>laquelle <span class=\"_ _44\"> </span>ces instruments \u00e9taient en circulation.Les instruments potentiellement dilutifs comprennent\ue61f:\u2022les options \u00e9mises, si elles sont dilutives\ue61f;\u2022les <span class=\"_ _37\"></span>instruments <span class=\"_ _37\"></span>\u00e9mis <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plans <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>stock<span class=\"ffa57\">\u2011</span>options <span class=\"_ _37\"> </span>mis <span class=\"_ _37\"> </span>en place <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>Groupe, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>cours <span class=\"_ _3b\"></span>moyen des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>sup\u00e9rieur <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice ajust\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces instruments.R\u00e9sultat dilu\u00e9 par actionExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sauf le nombre d\u2019<span class=\"_ _0\"></span>actions en milliers)2022<span class=\"_ _183\"> </span><span class=\"ffa5f fc1\">2021\ue662*</span>R\u00e9sultat net<span class=\"_ _1d3\"> </span>151<span class=\"_ _226\"> </span>(140)R\u00e9sultat net attribuable aux int\u00e9r\u00eats minoritair<span class=\"_ _0\"></span>es<span class=\"_ _327\"> </span>-<span class=\"_ _19\"> </span>-R\u00e9sultat net des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _107\"> </span>(680)<span class=\"_ _32\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>Num\u00e9rateur\ue662:<span class=\"_ _328\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662R\u00e9sultat net retr<span class=\"_ _0\"></span>ait\u00e9 (part du Groupe) des activit\u00e9s poursuivies<span class=\"_ _117\"> </span>(529)<span class=\"_ _e7\"> </span>(143)Nombre moyen d\u2019<span class=\"_ _1\"></span>actions ordinaires de base disponibles <span class=\"ffa61\">(en milliers)<span class=\"_ _173\"> </span></span>268\ue61f949<span class=\"_ _249\"> </span>235\ue61f814E\ue61eet dilutif des <span class=\"_ _0\"></span><span class=\"ffa61\">stock</span>\u2011options<span class=\"ffa5c\">, des plans d\u2019<span class=\"_ _0\"></span>actions gratuites et de performance et des Obligations Convertibles<span class=\"_ _1a3\"> </span>-<span class=\"_ _f5\"> </span>-</span>D\u00e9nominateur\ue662:<span class=\"_ _329\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Nombre moyen pond\u00e9r<span class=\"_ _0\"></span>\u00e9 d\u2019actions dilu\u00e9 <span class=\"_ _0\"></span>(en milliers)<span class=\"_ _e1\"> </span><span class=\"ffa5f\">268\ue662949<span class=\"_ _8b\"> </span>235\ue662814</span>* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"ls0 ws0\">application d\u2019IAS\ue61f33, le calcul du caract\u00e8re dilutif a \u00e9t\u00e9 fait sur la base du r<span class=\"_ _0\"></span>\u00e9sultat des activit\u00e9s poursuivies.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-141-3": {
   "value": "NOTES ANNEXES AUX C<span class=\"_ _0\"></span>OMPTES CONSOLID\u00c9S (SUITE)Note 7<span class=\"_ _c3\"> </span>Capitaux propr<span class=\"_ _0\"></span>es et r\u00e9sultat par action7.<span class=\"_ _3b\"></span>1<span class=\"_ _3f\"> </span><span class=\"ls0 ws0\">V<span class=\"_ _23\"></span>ariation du capital</span>Capital social (en\ue61eeuros, sauf le nombr<span class=\"_ _0\"></span>e d\u2019actions en unit\u00e9s)Nombre d\u2019<span class=\"_ _0\"></span>actions<span class=\"_ _2c\"> </span>V<span class=\"_ _1\"></span>aleur nominale(en\ue61eeuros)Capital social au 31\ue662d\u00e9cembre 2021<span class=\"_ _325\"> </span>235\ue662824\ue66255<span class=\"_ _0\"></span>5<span class=\"_ _1c6\"> </span>0,01<span class=\"_ _1dc\"> </span>2\ue662358\ue662246Augmentation de capital par conversion des OCA<span class=\"_ _206\"> </span>115\ue61e384\ue61e615<span class=\"_ _8b\"> </span>0,01<span class=\"_ _191\"> </span>1\ue61e153\ue61e846(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2019\ue61e<span class=\"_ _101\"> </span>78\ue61e637<span class=\"_ _158\"> </span>0,01<span class=\"_ _3c\"> </span><span class=\"ls70 ws70\">786</span>(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2020\ue61e<span class=\"_ _326\"> </span>2\ue61e800\ue61e276<span class=\"_ _158\"> </span>0,01<span class=\"_ _7e\"> </span>28\ue61e003(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e de l'ASP 2020\ue61e<span class=\"_ _2f0\"> </span>1\ue61e215\ue61e858<span class=\"_ _158\"> </span>0,01<span class=\"_ _268\"> </span>12\ue61e159\u00c9mission de nouvelles actions suite \u00e0 l\u2019<span class=\"_ _1\"></span>exercice de bons de souscription d\u2019<span class=\"_ _0\"></span>actions 91\ue61e739<span class=\"_ _158\"> </span>0,01<span class=\"_ _140\"> </span>917\u00ab\ue61eActionnaires\ue61e\u00bbCapital social au 31\ue662d\u00e9cembre 2022<span class=\"_ _316\"> </span>355\ue662395\ue662680<span class=\"_ _15f\"> </span>0,01<span class=\"_ _7a\"> </span>3\ue662553\ue662957(1) Les plans sont d\u00e9crits en note 9<span class=\"_ _0\"></span>.3.<span class=\"_ _300\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61fLe <span class=\"_ _37\"></span><span class=\"ls3 ws3\">19\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>agissant <span class=\"_ _44\"></span>sur <span class=\"_ _37\"></span>d\u00e9l\u00e9gation <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Conseil <span class=\"_ _37\"></span>d\u2019administr<span class=\"_ _0\"></span>ation, <span class=\"_ _37\"></span>le </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>approuv\u00e9 <span class=\"_ _46\"> </span>l\u2019ensemble <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _61\"> </span>d\u00e9crites <span class=\"_ _46\"> </span>ci<span class=\"ffa4c ls0 ws0\">\u2011</span>dessous relatives \u00e0 l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration des p\u00e9riodes d\u2019<span class=\"_ _0\"></span>acquisition de <span class=\"_ _3\"></span>droits de plusieurs plans et ce, <span class=\"_\"> </span>en <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9vision <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>s\u00e9paration <span class=\"_\"> </span>e\ue61dective <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creative <span class=\"_ _47\"> </span>Studios pr\u00e9vue <span class=\"_ _0\"></span>le 27\ue61eseptembre <span class=\"_ _0\"></span>2022\ue61e:\u2022constatation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"></span>r\u00e9alisation <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _44\"></span>augmentation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"></span>d\u2019un <span class=\"_ _37\"></span>montant nominal <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>393,04\ue61eeuros par <span class=\"_ _3\"></span>\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>39\ue61e304 <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>ordinaires nouvelles \u00e0 la <span class=\"_ _0\"></span>suite de <span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>exercice de <span class=\"_ _0\"></span>49\ue61e130 BSA <span class=\"_ _0\"></span>Actionnaires\ue61e;\u2022\u00e9mission <span class=\"_\"> </span>de <span class=\"_\"> </span>78\ue61e637 <span class=\"_\"> </span>actions <span class=\"_\"> </span>nouvelles <span class=\"_\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>livr<span class=\"_ _0\"></span>aison <span class=\"_\"> </span>diff\u00e9r\u00e9e <span class=\"_\"> </span>des actions attribu\u00e9es <span class=\"_ _3\"></span>gratuitement dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _1\"></span>TIP <span class=\"_ _3\"></span>2019 et <span class=\"_ _3\"></span>augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 786,37\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2\ue61e800\ue61e276 actions <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3\"></span>des actions attribu\u00e9es gratuitement dans le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _f\"></span>TIP <span class=\"_ _3\"></span>2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 28\ue61e002,76\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1\ue61e215\ue61e858 <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3b\"></span>des actions attribu\u00e9es gratuitement dans <span class=\"_ _0\"></span>le cadre de l\u2019<span class=\"_ _f\"></span>ASP 2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 12\ue61e158,58\ue61eeuros<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du <span class=\"_ _3\"></span>6\ue61emai 2022 a <span class=\"_ _3\"></span>approuv\u00e9 l\u2019<span class=\"_ _0\"></span>\u00e9mission avec suppression du droit <span class=\"_ _37\"></span>pr\u00e9f\u00e9rentiel <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>souscription <span class=\"_ _44\"></span>de <span class=\"_ _44\"></span>115\ue61e384\ue61e615 <span class=\"_ _37\"></span>Obligations <span class=\"_ _44\"> </span>Convertibles <span class=\"_ _44\"> </span>en Actions (<span class=\"_ _0\"></span>OCA) <span class=\"_ _3\"></span>au profit des <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires d\u00e9nomm\u00e9s, donnant droit en cas <span class=\"_ _3\"></span>de conversion <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>d\u2019un <span class=\"_\"> </span>nombre <span class=\"_\"> </span>maximum <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>nouvelles. Agissant <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>d\u00e9l\u00e9gation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>C<span class=\"_ _0\"></span>onseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration r\u00e9uni <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>6\ue61eseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>puis <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>22\ue61eseptembre <span class=\"_ _3b\"></span>2002, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u00e9l\u00e9gation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ce dernier <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Directeur <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>d\u00e9cision <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>26\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>ont, apr\u00e8s <span class=\"_\"> </span>avoir <span class=\"_\"> </span>d\u00e9cid\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>\u00e9mission <span class=\"_\"> </span>puis <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>souscription <span class=\"_\"> </span>automatique <span class=\"_\"> </span>des OCA, <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_\"> </span>de <span class=\"_\"> </span>capital <span class=\"_\"> </span>cons\u00e9cutive <span class=\"_\"> </span>du <span class=\"_\"> </span>capital <span class=\"_\"> </span>social <span class=\"_\"> </span>par l\u2019<span class=\"_ _0\"></span>\u00e9mission de <span class=\"_ _0\"></span>115\ue61e384\ue61e615 nouvelles <span class=\"_ _0\"></span>actions d\u2019une <span class=\"_ _0\"></span>valeur nominale <span class=\"_ _0\"></span>de 0,01\ue61eeuros<span class=\"_ _0\"></span>.Un <span class=\"_\"> </span><span class=\"ls0 ws0\">nombre <span class=\"_ _44\"> </span>compl\u00e9mentaire <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>25\ue61e040 <span class=\"_\"> </span>BSA <span class=\"_\"> </span>A<span class=\"_ _0\"></span>ctionnaires <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>exer<span class=\"_ _0\"></span>c\u00e9 </span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _44\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _44\"></span>reprise <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>leur <span class=\"_ _37\"></span>facult\u00e9 <span class=\"_ _37\"></span>d\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _37\"></span>(les <span class=\"_ _37\"></span>exercices <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>BSA ayant <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>suspendus <span class=\"_\"> </span>du <span class=\"_ _47\"> </span>6\ue61eseptembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>6\ue61eoctobre <span class=\"_\"> </span>2022 <span class=\"_\"> </span>pour <span class=\"_\"> </span>les besoins <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>Distribution en <span class=\"_ _3b\"></span>nature) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>lieu \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9mission, de 52\ue61e435 actions nouvelles.Ainsi, sur l\u2019<span class=\"_ _0\"></span>ensemble de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice clos le 31\ue61fd\u00e9cembre 2022, ce sont au total 7<span class=\"_ _0\"></span>4\ue61f170 <span class=\"_ _3b\"></span>BSA <span class=\"_ _3b\"></span>Actionnaires <span class=\"_ _3b\"></span>qui <span class=\"_ _37\"></span>ont <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>exerc\u00e9s <span class=\"_ _3b\"></span>(repr\u00e9sentant <span class=\"_ _3b\"></span>91\ue61f739 <span class=\"_ _3b\"></span>actions nouvelles), <span class=\"_ _64\"> </span>15\ue61f28<span class=\"_ _0\"></span>8\ue61f534 <span class=\"_ _64\"> </span>restants <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>exer<span class=\"_ _0\"></span>cer <span class=\"_ _64\"> </span>repr\u00e9sentant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>nombre <span class=\"_ _64\"> </span>de nouvelles actions ne pouvant d\u00e9passer 32\ue61f072\ue61f286<span class=\"_ _0\"></span>.Il <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">est <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>signaler <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>des\ue61fBSA </span>Actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>\u00e9tait <span class=\"_ _65\"> </span>\u00e9tablie <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>5\ue61fBSA <span class=\"_ _64\"> </span>Actionnaires <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>4 <span class=\"_ _65\"> </span>actions nouvelles, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>ajust\u00e9e <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9sormais <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>5\ue61fBSA <span class=\"_ _3\"></span>Actionnaires <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>10,5 actions nouvelles.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _46\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>connaissance <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>Soci\u00e9t\u00e9, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>soci\u00e9t\u00e9s suivantes d\u00e9tiennent plus de 5\ue61f% du capital de V<span class=\"_ _f\"></span>antiva\ue61f:\u2022Angelo<span class=\"_ _0\"></span>, <span class=\"_ _6f\"> </span>Gordon <span class=\"_ _4c\"> </span>&amp; <span class=\"_ _4c\"> </span>Co<span class=\"_ _0\"></span>., <span class=\"_ _4c\"> </span>LP<span class=\"_ _1\"></span>. <span class=\"_ _4c\"> </span>a <span class=\"_ _4c\"> </span>d\u00e9clar\u00e9 <span class=\"_ _4c\"> </span>d\u00e9tenir\ue61f79\ue61f671\ue61f524\ue61factions repr\u00e9sentant\ue61f22,<span class=\"_ _0\"></span>4\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f22,4\ue61f%\ue61fdes\ue61fdroits <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Bpifrance <span class=\"_ _63\"> </span>Particip<span class=\"_ _0\"></span>ations <span class=\"_ _6b\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _63\"> </span></span>a <span class=\"_ _63\"> </span>d\u00e9clar\u00e9 <span class=\"_ _63\"> </span>d\u00e9tenir\ue61f38\ue61f437\ue61f497\ue61factions repr\u00e9sentant\ue61f10,8\ue61f% <span class=\"_ _3b\"></span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f10,8\ue61f% <span class=\"_ _37\"></span>des\ue61fdroits <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Briarwood <span class=\"_ _64\"> </span>Chase <span class=\"_ _64\"> </span>Management <span class=\"_ _65\"> </span>LL<span class=\"_ _1\"></span>C <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>d\u00e9clar\u00e9 <span class=\"_ _64\"> </span>d\u00e9tenir <span class=\"_ _65\"> </span>36\ue61f950\ue61f7<span class=\"_ _1\"></span>40 actions repr\u00e9sentant <span class=\"_ _3\"></span>10,4\ue61f% du <span class=\"_ _3\"></span>capital social <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>10,4\ue61f% des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote de la Soci\u00e9t\u00e9\ue61f;\u2022Baring <span class=\"_ _61\"> </span>Asset <span class=\"_ _61\"> </span>Management <span class=\"_ _61\"> </span>Ltd <span class=\"_ _61\"> </span>a <span class=\"_ _60\"> </span>d\u00e9clar\u00e9 <span class=\"_ _61\"> </span>d\u00e9tenir <span class=\"_ _61\"> </span>29\ue61f016\ue61f111 <span class=\"_ _61\"> </span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>vote <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Cr\u00e9dit <span class=\"_ _37\"></span>Suisse <span class=\"_ _37\"> </span>Asset <span class=\"_ _44\"> </span>Management <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>d\u00e9clar\u00e9 <span class=\"_ _37\"></span>d\u00e9tenir <span class=\"_ _37\"> </span>22\ue61f512\ue61f745 <span class=\"_ _3b\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_\"> </span>social <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>droits <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>vote <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022F<span class=\"_ _0\"></span>arallon <span class=\"_ _3\"></span>Capital <span class=\"_ _3b\"></span>Management <span class=\"_ _3\"></span>LL<span class=\"_ _0\"></span>C <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>d\u00e9clar\u00e9 <span class=\"_ _3\"></span>d\u00e9tenir <span class=\"_ _3b\"></span>19\ue61f491\ue61f396 <span class=\"_ _3\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ote <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9.7.<span class=\"_ _47\"></span>2<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">Autres \u00e9l\u00e9ments des capitaux propr<span class=\"_ _0\"></span>es</span>7.<span class=\"_ _44\"></span>2<span class=\"_ _44\"></span>.<span class=\"_ _3b\"></span>1T<span class=\"_ _1\"></span>itres super subordonn\u00e9sLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">26\ue61fseptembre <span class=\"_ _3b\"></span>2005, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>\u00e9mission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _0\"></span>itres <span class=\"_ _3b\"></span>super </span>subordonn\u00e9s <span class=\"_ _37\"></span>(<span class=\"_ _3\"></span>TSS), <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>un <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>nominal <span class=\"_ _37\"> </span>de 500\ue61fmillions <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _61\"> </span>Aucun <span class=\"_ _61\"> </span>instrument <span class=\"_ _61\"> </span>d\u00e9riv\u00e9 <span class=\"_ _60\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>identifi\u00e9 <span class=\"_ _61\"> </span>car <span class=\"_ _61\"> </span>les clauses pr\u00e9vues <span class=\"_ _3\"></span>et d\u00e9taill\u00e9es <span class=\"_ _3\"></span>sont en <span class=\"_ _3\"></span>dehors du <span class=\"_ _3\"></span>champ de <span class=\"_ _3\"></span>la d\u00e9finition <span class=\"_ _3\"></span>d\u2019un d\u00e9riv\u00e9 selon IAS\ue61f39<span class=\"_ _0\"></span>.En <span class=\"_ _64\"> </span>raison <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>caract\u00e8re <span class=\"_ _60\"> </span>subordonn\u00e9 <span class=\"_ _64\"> </span>de ces\ue61ftitres<span class=\"_ _0\"></span>, ainsi que de la nature optionnelle du coupon, les titres avaient \u00e9t\u00e9 enregistr\u00e9s <span class=\"_ _37\"> </span>conform\u00e9ment <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>IFRS <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>leur valeur <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>re\u00e7ue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>492\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>(prix <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>minor\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>frais de transaction).Depuis <span class=\"_ _6c\"> </span>la <span class=\"_ _2a\"> </span>restructuration <span class=\"_ _2a\"> </span>de <span class=\"_ _2a\"> </span>la <span class=\"_ _1c7\"> </span>dette <span class=\"_ _2a\"> </span>du <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>en <span class=\"_ _2a\"> </span>2010, les\ue61fcaract\u00e9ristiques des TSS sont dor<span class=\"_ _0\"></span>\u00e9navant les suivantes\ue61f:\u2022ils <span class=\"_ _3\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>remboursables <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>(i)\ue61f\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>option <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>certains <span class=\"_ _3\"></span>cas contractuellement d\u00e9finis ou (ii)\ue61fen cas de liquidation de\ue61fla Soci\u00e9t\u00e9\ue61f;\u2022ils <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>portent <span class=\"_ _44\"> </span>plus <span class=\"_ _37\"> </span>int\u00e9r\u00eat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _44\"> </span>d\u00e9finitif <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>25\ue61fmillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros ayant <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>effectu\u00e9 <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>TSS <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>remboursement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>leurs cr\u00e9ances d\u2019int\u00e9r\u00eats en 2010.7<span class=\"_ _23\"></span>.2.2Dividendes et distributionsAu <span class=\"_\"> </span>titre <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>exer<span class=\"_ _0\"></span>cices <span class=\"_ _46\"> </span>2020 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>Assembl\u00e9es <span class=\"_\"> </span>g\u00e9n\u00e9rales <span class=\"_\"> </span>tenues respectivement les 12\ue61fmai 2021 et 30\ue61fjuin <span class=\"_ _3\"></span>2022 n\u2019<span class=\"_ _0\"></span>ont pas vot\u00e9 de\ue61fversement de dividende.7<span class=\"_ _f\"></span>.2.3P<span class=\"_ _0\"></span>articipations ne donnant pas le contr\u00f4leEn <span class=\"_\"> </span><span class=\"ls0 ws0\">2022 <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_ _44\"> </span>aucune <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>participations <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>donnant <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>le </span>contr\u00f4le n\u2019<span class=\"_ _0\"></span>a eu lieu.7.<span class=\"_ _44\"></span>3<span class=\"_ _14f\"> </span><span class=\"ls0 ws0\">R\u00e9sultat par action</span>R\u00e9sultat dilu\u00e9 par actionExercice clos le 31\ue662d\u00e9cembre(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros, sauf le nombre d\u2019<span class=\"_ _0\"></span>actions en milliers)2022<span class=\"_ _183\"> </span><span class=\"ffa5f fc1\">2021\ue662*</span>R\u00e9sultat net<span class=\"_ _1d3\"> </span>151<span class=\"_ _226\"> </span>(140)R\u00e9sultat net attribuable aux int\u00e9r\u00eats minoritair<span class=\"_ _0\"></span>es<span class=\"_ _327\"> </span>-<span class=\"_ _19\"> </span>-R\u00e9sultat net des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _107\"> </span>(680)<span class=\"_ _32\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>Num\u00e9rateur\ue662:<span class=\"_ _328\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662R\u00e9sultat net retr<span class=\"_ _0\"></span>ait\u00e9 (part du Groupe) des activit\u00e9s poursuivies<span class=\"_ _117\"> </span>(529)<span class=\"_ _e7\"> </span>(143)Nombre moyen d\u2019<span class=\"_ _1\"></span>actions ordinaires de base disponibles <span class=\"ffa61\">(en milliers)<span class=\"_ _173\"> </span></span>268\ue61f949<span class=\"_ _249\"> </span>235\ue61f814E\ue61eet dilutif des <span class=\"_ _0\"></span><span class=\"ffa61\">stock</span>\u2011options<span class=\"ffa5c\">, des plans d\u2019<span class=\"_ _0\"></span>actions gratuites et de performance et des Obligations Convertibles<span class=\"_ _1a3\"> </span>-<span class=\"_ _f5\"> </span>-</span>D\u00e9nominateur\ue662:<span class=\"_ _329\"> </span>\ue662<span class=\"_ _eb\"> </span>\ue662Nombre moyen pond\u00e9r<span class=\"_ _0\"></span>\u00e9 d\u2019actions dilu\u00e9 <span class=\"_ _0\"></span>(en milliers)<span class=\"_ _e1\"> </span><span class=\"ffa5f\">268\ue662949<span class=\"_ _8b\"> </span>235\ue662814</span>* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fEn <span class=\"ls0 ws0\">application d\u2019IAS\ue61f33, le calcul du caract\u00e8re dilutif a \u00e9t\u00e9 fait sur la base du r<span class=\"_ _0\"></span>\u00e9sultat des activit\u00e9s poursuivies.</span>7.<span class=\"_ _37\"></span>4<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">Relation avec les parties li\u00e9es</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-144-3": {
   "value": "7.<span class=\"_ _3b\"></span>1<span class=\"_ _3f\"> </span><span class=\"ls0 ws0\">V<span class=\"_ _23\"></span>ariation du capital</span>Capital social (en\ue61eeuros, sauf le nombr<span class=\"_ _0\"></span>e d\u2019actions en unit\u00e9s)Nombre d\u2019<span class=\"_ _0\"></span>actions<span class=\"_ _2c\"> </span>V<span class=\"_ _1\"></span>aleur nominale(en\ue61eeuros)Capital social au 31\ue662d\u00e9cembre 2021<span class=\"_ _325\"> </span>235\ue662824\ue66255<span class=\"_ _0\"></span>5<span class=\"_ _1c6\"> </span>0,01<span class=\"_ _1dc\"> </span>2\ue662358\ue662246Augmentation de capital par conversion des OCA<span class=\"_ _206\"> </span>115\ue61e384\ue61e615<span class=\"_ _8b\"> </span>0,01<span class=\"_ _191\"> </span>1\ue61e153\ue61e846(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2019\ue61e<span class=\"_ _101\"> </span>78\ue61e637<span class=\"_ _158\"> </span>0,01<span class=\"_ _3c\"> </span><span class=\"ls70 ws70\">786</span>(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e du L<span class=\"_ _1\"></span>TIP 2020\ue61e<span class=\"_ _326\"> </span>2\ue61e800\ue61e276<span class=\"_ _158\"> </span>0,01<span class=\"_ _7e\"> </span>28\ue61e003(1)\u00c9mission de nouvelles actions dans le cadr<span class=\"_ _0\"></span>e de l'ASP 2020\ue61e<span class=\"_ _2f0\"> </span>1\ue61e215\ue61e858<span class=\"_ _158\"> </span>0,01<span class=\"_ _268\"> </span>12\ue61e159\u00c9mission de nouvelles actions suite \u00e0 l\u2019<span class=\"_ _1\"></span>exercice de bons de souscription d\u2019<span class=\"_ _0\"></span>actions 91\ue61e739<span class=\"_ _158\"> </span>0,01<span class=\"_ _140\"> </span>917\u00ab\ue61eActionnaires\ue61e\u00bbCapital social au 31\ue662d\u00e9cembre 2022<span class=\"_ _316\"> </span>355\ue662395\ue662680<span class=\"_ _15f\"> </span>0,01<span class=\"_ _7a\"> </span>3\ue662553\ue662957(1) Les plans sont d\u00e9crits en note 9<span class=\"_ _0\"></span>.3.<span class=\"_ _300\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61f<span class=\"_ _1a2\"> </span>\ue61fLe <span class=\"_ _37\"></span><span class=\"ls3 ws3\">19\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>agissant <span class=\"_ _44\"></span>sur <span class=\"_ _37\"></span>d\u00e9l\u00e9gation <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Conseil <span class=\"_ _37\"></span>d\u2019administr<span class=\"_ _0\"></span>ation, <span class=\"_ _37\"></span>le </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>approuv\u00e9 <span class=\"_ _46\"> </span>l\u2019ensemble <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>d\u00e9cisions <span class=\"_ _61\"> </span>d\u00e9crites <span class=\"_ _46\"> </span>ci<span class=\"ffa4c ls0 ws0\">\u2011</span>dessous relatives \u00e0 l\u2019<span class=\"_ _0\"></span>acc\u00e9l\u00e9ration des p\u00e9riodes d\u2019<span class=\"_ _0\"></span>acquisition de <span class=\"_ _3\"></span>droits de plusieurs plans et ce, <span class=\"_\"> </span>en <span class=\"_\"> </span>pr<span class=\"_ _0\"></span>\u00e9vision <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>s\u00e9paration <span class=\"_\"> </span>e\ue61dective <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Creative <span class=\"_ _47\"> </span>Studios pr\u00e9vue <span class=\"_ _0\"></span>le 27\ue61eseptembre <span class=\"_ _0\"></span>2022\ue61e:\u2022constatation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"></span>r\u00e9alisation <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _44\"></span>augmentation <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"></span>d\u2019un <span class=\"_ _37\"></span>montant nominal <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>393,04\ue61eeuros par <span class=\"_ _3\"></span>\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>39\ue61e304 <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>ordinaires nouvelles \u00e0 la <span class=\"_ _0\"></span>suite de <span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>exercice de <span class=\"_ _0\"></span>49\ue61e130 BSA <span class=\"_ _0\"></span>Actionnaires\ue61e;\u2022\u00e9mission <span class=\"_\"> </span>de <span class=\"_\"> </span>78\ue61e637 <span class=\"_\"> </span>actions <span class=\"_\"> </span>nouvelles <span class=\"_\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>livr<span class=\"_ _0\"></span>aison <span class=\"_\"> </span>diff\u00e9r\u00e9e <span class=\"_\"> </span>des actions attribu\u00e9es <span class=\"_ _3\"></span>gratuitement dans <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _1\"></span>TIP <span class=\"_ _3\"></span>2019 et <span class=\"_ _3\"></span>augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 786,37\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>2\ue61e800\ue61e276 actions <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3\"></span>des actions attribu\u00e9es gratuitement dans le <span class=\"_ _3\"></span>cadre du L<span class=\"_ _f\"></span>TIP <span class=\"_ _3\"></span>2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 28\ue61e002,76\ue61eeur<span class=\"_ _0\"></span>os\ue61e;\u2022\u00e9mission <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1\ue61e215\ue61e858 <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>nouvelles <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>livraison <span class=\"_ _3\"></span>acc\u00e9l\u00e9r\u00e9e <span class=\"_ _3b\"></span>des actions attribu\u00e9es gratuitement dans <span class=\"_ _0\"></span>le cadre de l\u2019<span class=\"_ _f\"></span>ASP 2020 et augmentation cons\u00e9cutive de <span class=\"_ _0\"></span>capital d\u2019un <span class=\"_ _0\"></span>montant nominal <span class=\"_ _0\"></span>de 12\ue61e158,58\ue61eeuros<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du <span class=\"_ _3\"></span>6\ue61emai 2022 a <span class=\"_ _3\"></span>approuv\u00e9 l\u2019<span class=\"_ _0\"></span>\u00e9mission avec suppression du droit <span class=\"_ _37\"></span>pr\u00e9f\u00e9rentiel <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>souscription <span class=\"_ _44\"></span>de <span class=\"_ _44\"></span>115\ue61e384\ue61e615 <span class=\"_ _37\"></span>Obligations <span class=\"_ _44\"> </span>Convertibles <span class=\"_ _44\"> </span>en Actions (<span class=\"_ _0\"></span>OCA) <span class=\"_ _3\"></span>au profit des <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires d\u00e9nomm\u00e9s, donnant droit en cas <span class=\"_ _3\"></span>de conversion <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_\"> </span>d\u2019un <span class=\"_\"> </span>nombre <span class=\"_\"> </span>maximum <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>autant <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>nouvelles. Agissant <span class=\"_ _44\"> </span>sur <span class=\"_\"> </span>d\u00e9l\u00e9gation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>C<span class=\"_ _0\"></span>onseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration r\u00e9uni <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>6\ue61eseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>puis <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>22\ue61eseptembre <span class=\"_ _3b\"></span>2002, <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u00e9l\u00e9gation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ce dernier <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Directeur <span class=\"_ _3b\"></span>g\u00e9n\u00e9ral <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>d\u00e9cision <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>26\ue61eseptembre <span class=\"_ _37\"></span>2022, <span class=\"_ _37\"></span>ont, apr\u00e8s <span class=\"_\"> </span>avoir <span class=\"_\"> </span>d\u00e9cid\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>\u00e9mission <span class=\"_\"> </span>puis <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>souscription <span class=\"_\"> </span>automatique <span class=\"_\"> </span>des OCA, <span class=\"_\"> </span>constat\u00e9 <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_\"> </span>de <span class=\"_\"> </span>capital <span class=\"_\"> </span>cons\u00e9cutive <span class=\"_\"> </span>du <span class=\"_\"> </span>capital <span class=\"_\"> </span>social <span class=\"_\"> </span>par l\u2019<span class=\"_ _0\"></span>\u00e9mission de <span class=\"_ _0\"></span>115\ue61e384\ue61e615 nouvelles <span class=\"_ _0\"></span>actions d\u2019une <span class=\"_ _0\"></span>valeur nominale <span class=\"_ _0\"></span>de 0,01\ue61eeuros<span class=\"_ _0\"></span>.Un <span class=\"_\"> </span><span class=\"ls0 ws0\">nombre <span class=\"_ _44\"> </span>compl\u00e9mentaire <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>25\ue61e040 <span class=\"_\"> </span>BSA <span class=\"_\"> </span>A<span class=\"_ _0\"></span>ctionnaires <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>exer<span class=\"_ _0\"></span>c\u00e9 </span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _44\"></span>date <span class=\"_ _3b\"></span>de <span class=\"_ _44\"></span>reprise <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>leur <span class=\"_ _37\"></span>facult\u00e9 <span class=\"_ _37\"></span>d\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _37\"></span>(les <span class=\"_ _37\"></span>exercices <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>BSA ayant <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>suspendus <span class=\"_\"> </span>du <span class=\"_ _47\"> </span>6\ue61eseptembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>6\ue61eoctobre <span class=\"_\"> </span>2022 <span class=\"_\"> </span>pour <span class=\"_\"> </span>les besoins <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>Distribution en <span class=\"_ _3b\"></span>nature) <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>donnant <span class=\"_ _3\"></span>lieu \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9mission, de 52\ue61e435 actions nouvelles.Ainsi, sur l\u2019<span class=\"_ _0\"></span>ensemble de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice clos le 31\ue61fd\u00e9cembre 2022, ce sont au total 7<span class=\"_ _0\"></span>4\ue61f170 <span class=\"_ _3b\"></span>BSA <span class=\"_ _3b\"></span>Actionnaires <span class=\"_ _3b\"></span>qui <span class=\"_ _37\"></span>ont <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>exerc\u00e9s <span class=\"_ _3b\"></span>(repr\u00e9sentant <span class=\"_ _3b\"></span>91\ue61f739 <span class=\"_ _3b\"></span>actions nouvelles), <span class=\"_ _64\"> </span>15\ue61f28<span class=\"_ _0\"></span>8\ue61f534 <span class=\"_ _64\"> </span>restants <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>exer<span class=\"_ _0\"></span>cer <span class=\"_ _64\"> </span>repr\u00e9sentant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>nombre <span class=\"_ _64\"> </span>de nouvelles actions ne pouvant d\u00e9passer 32\ue61f072\ue61f286<span class=\"_ _0\"></span>.Il <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">est <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>signaler <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3\"></span>des\ue61fBSA </span>Actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>qui <span class=\"_ _64\"> </span>\u00e9tait <span class=\"_ _65\"> </span>\u00e9tablie <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _65\"> </span>5\ue61fBSA <span class=\"_ _64\"> </span>Actionnaires <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>4 <span class=\"_ _65\"> </span>actions nouvelles, <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>ajust\u00e9e <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9sormais <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>5\ue61fBSA <span class=\"_ _3\"></span>Actionnaires <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>10,5 actions nouvelles.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022 <span class=\"_ _46\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>connaissance <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>Soci\u00e9t\u00e9, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>soci\u00e9t\u00e9s suivantes d\u00e9tiennent plus de 5\ue61f% du capital de V<span class=\"_ _f\"></span>antiva\ue61f:\u2022Angelo<span class=\"_ _0\"></span>, <span class=\"_ _6f\"> </span>Gordon <span class=\"_ _4c\"> </span>&amp; <span class=\"_ _4c\"> </span>Co<span class=\"_ _0\"></span>., <span class=\"_ _4c\"> </span>LP<span class=\"_ _1\"></span>. <span class=\"_ _4c\"> </span>a <span class=\"_ _4c\"> </span>d\u00e9clar\u00e9 <span class=\"_ _4c\"> </span>d\u00e9tenir\ue61f79\ue61f671\ue61f524\ue61factions repr\u00e9sentant\ue61f22,<span class=\"_ _0\"></span>4\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f22,4\ue61f%\ue61fdes\ue61fdroits <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Bpifrance <span class=\"_ _63\"> </span>Particip<span class=\"_ _0\"></span>ations <span class=\"_ _6b\"> </span><span class=\"ls4 ws4\">SA <span class=\"_ _63\"> </span></span>a <span class=\"_ _63\"> </span>d\u00e9clar\u00e9 <span class=\"_ _63\"> </span>d\u00e9tenir\ue61f38\ue61f437\ue61f497\ue61factions repr\u00e9sentant\ue61f10,8\ue61f% <span class=\"_ _3b\"></span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_ _44\"> </span>et\ue61f10,8\ue61f% <span class=\"_ _37\"></span>des\ue61fdroits <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>vote <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Briarwood <span class=\"_ _64\"> </span>Chase <span class=\"_ _64\"> </span>Management <span class=\"_ _65\"> </span>LL<span class=\"_ _1\"></span>C <span class=\"_ _64\"> </span>a <span class=\"_ _64\"> </span>d\u00e9clar\u00e9 <span class=\"_ _64\"> </span>d\u00e9tenir <span class=\"_ _65\"> </span>36\ue61f950\ue61f7<span class=\"_ _1\"></span>40 actions repr\u00e9sentant <span class=\"_ _3\"></span>10,4\ue61f% du <span class=\"_ _3\"></span>capital social <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>10,4\ue61f% des <span class=\"_ _3\"></span>droits de <span class=\"_ _3\"></span>vote de la Soci\u00e9t\u00e9\ue61f;\u2022Baring <span class=\"_ _61\"> </span>Asset <span class=\"_ _61\"> </span>Management <span class=\"_ _61\"> </span>Ltd <span class=\"_ _61\"> </span>a <span class=\"_ _60\"> </span>d\u00e9clar\u00e9 <span class=\"_ _61\"> </span>d\u00e9tenir <span class=\"_ _61\"> </span>29\ue61f016\ue61f111 <span class=\"_ _61\"> </span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>capital <span class=\"_ _37\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>8,2\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>vote <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022Cr\u00e9dit <span class=\"_ _37\"></span>Suisse <span class=\"_ _37\"> </span>Asset <span class=\"_ _44\"> </span>Management <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>d\u00e9clar\u00e9 <span class=\"_ _37\"></span>d\u00e9tenir <span class=\"_ _37\"> </span>22\ue61f512\ue61f745 <span class=\"_ _3b\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_\"> </span>social <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>6,3\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>droits <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>vote <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9\ue61f;\u2022F<span class=\"_ _0\"></span>arallon <span class=\"_ _3\"></span>Capital <span class=\"_ _3b\"></span>Management <span class=\"_ _3\"></span>LL<span class=\"_ _0\"></span>C <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>d\u00e9clar\u00e9 <span class=\"_ _3\"></span>d\u00e9tenir <span class=\"_ _3b\"></span>19\ue61f491\ue61f396 <span class=\"_ _3\"></span>actions repr\u00e9sentant <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>5,5\ue61f% <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ote <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la Soci\u00e9t\u00e9.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-150-3": {
   "value": "7.<span class=\"_ _44\"></span>2<span class=\"_ _44\"></span>.<span class=\"_ _3b\"></span>1T<span class=\"_ _1\"></span>itres super subordonn\u00e9sLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">26\ue61fseptembre <span class=\"_ _3b\"></span>2005, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>\u00e9mission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _0\"></span>itres <span class=\"_ _3b\"></span>super </span>subordonn\u00e9s <span class=\"_ _37\"></span>(<span class=\"_ _3\"></span>TSS), <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>ind\u00e9termin\u00e9e, <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>un <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>nominal <span class=\"_ _37\"> </span>de 500\ue61fmillions <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _61\"> </span>Aucun <span class=\"_ _61\"> </span>instrument <span class=\"_ _61\"> </span>d\u00e9riv\u00e9 <span class=\"_ _60\"> </span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>identifi\u00e9 <span class=\"_ _61\"> </span>car <span class=\"_ _61\"> </span>les clauses pr\u00e9vues <span class=\"_ _3\"></span>et d\u00e9taill\u00e9es <span class=\"_ _3\"></span>sont en <span class=\"_ _3\"></span>dehors du <span class=\"_ _3\"></span>champ de <span class=\"_ _3\"></span>la d\u00e9finition <span class=\"_ _3\"></span>d\u2019un d\u00e9riv\u00e9 selon IAS\ue61f39<span class=\"_ _0\"></span>.En <span class=\"_ _64\"> </span>raison <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>dur\u00e9e <span class=\"_ _60\"> </span>ind\u00e9termin\u00e9e <span class=\"_ _64\"> </span>et <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>caract\u00e8re <span class=\"_ _60\"> </span>subordonn\u00e9 <span class=\"_ _64\"> </span>de ces\ue61ftitres<span class=\"_ _0\"></span>, ainsi que de la nature optionnelle du coupon, les titres avaient \u00e9t\u00e9 enregistr\u00e9s <span class=\"_ _37\"> </span>conform\u00e9ment <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>IFRS <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>leur valeur <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>re\u00e7ue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>492\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>(prix <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3\"></span>minor\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>frais de transaction).Depuis <span class=\"_ _6c\"> </span>la <span class=\"_ _2a\"> </span>restructuration <span class=\"_ _2a\"> </span>de <span class=\"_ _2a\"> </span>la <span class=\"_ _1c7\"> </span>dette <span class=\"_ _2a\"> </span>du <span class=\"_ _2a\"> </span>Groupe <span class=\"_ _2a\"> </span>en <span class=\"_ _2a\"> </span>2010, les\ue61fcaract\u00e9ristiques des TSS sont dor<span class=\"_ _0\"></span>\u00e9navant les suivantes\ue61f:\u2022ils <span class=\"_ _3\"></span>ne <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>remboursables <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>(i)\ue61f\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>option <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>certains <span class=\"_ _3\"></span>cas contractuellement d\u00e9finis ou (ii)\ue61fen cas de liquidation de\ue61fla Soci\u00e9t\u00e9\ue61f;\u2022ils <span class=\"_ _44\"> </span>ne <span class=\"_ _44\"> </span>portent <span class=\"_ _44\"> </span>plus <span class=\"_ _37\"> </span>int\u00e9r\u00eat, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>paiement <span class=\"_ _44\"> </span>d\u00e9finitif <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>25\ue61fmillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros ayant <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>effectu\u00e9 <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>de <span class=\"_ _47\"> </span>TSS <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>remboursement <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>leurs cr\u00e9ances d\u2019int\u00e9r\u00eats en 2010.Note 8<span class=\"_ _40\"> </span>Actifs financiers<span class=\"_ _0\"></span>, passifs financiers et instruments financiers d\u00e9riv\u00e9s8<span class=\"_ _3\"></span>.1<span class=\"_ _88\"> </span><span class=\"ls0 ws0\">Actifs financiers</span>8<span class=\"_ _3\"></span>.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7b\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _45\"></span>r\u00e9sorerie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _0\"></span>erie</span>1.La tr\u00e9sorerie correspond aux disponibilit\u00e9s en banque ainsi qu\u2019<span class=\"_ _1\"></span>aux d\u00e9p\u00f4ts \u00e0 vue.2.Les \u00e9quivalents de <span class=\"_ _3\"></span>tr\u00e9sorerie correspondent <span class=\"_ _3\"></span>aux placements <span class=\"_ _3\"></span>\u00e0 court <span class=\"_ _3\"></span>terme, tr\u00e8s liquides <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la maturit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>origine <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>exc\u00e8de pas <span class=\"_ _3\"></span>trois mois, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire les placements qui sont facilement convertibles en un montant connu de tr\u00e9sorerie et qui sont soumis \u00e0 un <span class=\"_ _3\"></span>risque n\u00e9gligeable de changement de valeur<span class=\"_ _1\"></span>.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa6b fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _25e\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _32\"> </span></span>187\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _32a\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _b7\"> </span></span>9TR\u00c9SORERIE ET \u00c9QUIV<span class=\"_ _1\"></span>ALENTS DE TR\u00c9SORERIE<span class=\"_ _df\"> </span>167<span class=\"_ _36\"> </span>196\ue61f8.2<span class=\"_ _c3\"> </span>P<span class=\"_ _0\"></span>assifs financiers8.2.<span class=\"_ _0\"></span>1Dettes financi\u00e8r<span class=\"_ _0\"></span>es8.2.<span class=\"_ _0\"></span>1.1Principales caract\u00e9ristiquesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">lien <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>refinanc\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>la </span>dette issue de la Sauvegarde F<span class=\"_ _0\"></span>inanci\u00e8re Activ\u00e9e.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">15\ue61fseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Nouveau Financement <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la Dette <span class=\"_ _3\"></span>R\u00e9am\u00e9nag\u00e9e, </span>ont \u00e9t\u00e9 compl\u00e9tement rembours\u00e9s au moyen de\ue61f:1.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _66\"> </span>dette <span class=\"_ _65\"> </span>attribu\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _66\"> </span>Creative <span class=\"_ _65\"> </span>Studios pr\u00e9alablement \u00e0 sa distribution\ue61f;2.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>convertible <span class=\"_ _3\"></span>(et <span class=\"_ _3b\"></span>subs\u00e9quemment <span class=\"_ _3\"></span>convertie) pour 292,5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;3.la <span class=\"_ _61\"> </span>souscription <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>deux <span class=\"_ _61\"> </span>emprunts <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>Barclays <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _1\"></span>Angelo Gordon pour 250 et 125\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros respectivement.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">parall\u00e8le, <span class=\"_ _3b\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9vis\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>prolong\u00e9 <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>assise <span class=\"_ _3b\"></span>sur </span>des actifs (\ue61f\u00ab\ue61fl\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb) pour une dur\u00e9e de 4 ans.Suite \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Distribution de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S,<span class=\"_ _3b\"></span> </span>V<span class=\"_ _1\"></span>antiva n\u2019est plus part <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>aucune forme <span class=\"_ _3\"></span>\u00e0 la dette de <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.</span>La dette financi\u00e8re du Groupe au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022, avec et sans les dettes de loyer IFRS\ue61e16, se d\u00e9compose comme suit\ue61e:Dette nette Vantiva d\u00e9cembre 2022 - sans dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>auxT<span class=\"_ _23\"></span>auxEntit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRS\ue662nominal\ue662e\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span></span>382<span class=\"_ _11\"> </span>364<span class=\"_ _e\"> </span><span class=\"ffa72\">8,5\ue662%<span class=\"_ _6a\"> </span>13,0\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _17c\"> </span><span class=\"ffa71\">216<span class=\"_ _80\"> </span>197<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.6(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.\ue61eDette nette Vantiva d\u00e9cembre 2022 - avec dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>aux\ue662T<span class=\"_ _23\"></span>aux\ue662Entit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRSnominale\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _180\"> </span>66<span class=\"_ _94\"> </span>66<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _8a\"> </span>\ue61eop\u00e9rationnelsDivers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ab\"> </span></span>448<span class=\"_ _1a6\"> </span>430<span class=\"_ _2c9\"> </span><span class=\"ffa72\">9\ue662%<span class=\"_ _42\"> </span>12,8\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span><span class=\"ffa71\">282<span class=\"_ _2c9\"> </span>263<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.8.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _52\"> </span>Conditions principales des conventions de cr\u00e9ditV<span class=\"_ _1\"></span>antiva a <span class=\"_ _3\"></span>conclu <span class=\"_ _3\"></span>deux emprunts <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>portent les <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>caract\u00e9ristiques suivantes\ue61f:\u2022Emprunt Barclays de <span class=\"_ _3\"></span>250\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>avec privil\u00e8ge <span class=\"_ _3\"></span>de premier rang (\u00ab\ue61fFirst lien\ue61f\u00bb ou \u00ab\ue61f1L\ue61f\u00bb)\u2022cet emprunt est senior par rapport \u00e0 l\u2019<span class=\"_ _0\"></span>emprunt de second rang\ue61f;\u2022maturit\u00e9 <span class=\"_ _6f\"> </span>de <span class=\"_ _6f\"> </span>4 <span class=\"_ _4c\"> </span>ans <span class=\"_ _6f\"> </span>jusqu\u2019\u00e0 <span class=\"_ _4c\"> </span>septembre\ue61f2026 <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>une <span class=\"_ _4c\"> </span>option d\u2019<span class=\"_ _0\"></span>extension <span class=\"_ _63\"> </span>d\u2019un <span class=\"_ _62\"> </span>an <span class=\"_ _63\"> </span>moyennant <span class=\"_ _62\"> </span>paiement <span class=\"_ _63\"> </span>d\u2019une <span class=\"_ _62\"> </span>commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _44\"> </span>capitalis\u00e9s\ue61f: <span class=\"_ _44\"> </span>3\ue61f% <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>premi\u00e8re <span class=\"_ _44\"> </span>ann\u00e9e, <span class=\"_ _37\"> </span>augmentant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>4\ue61f% <span class=\"_ _44\"> </span>12 mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"> </span>puis <span class=\"_ _37\"> </span>5,5\ue61f% <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">24<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>mois <span class=\"_ _37\"> </span>apr\u00e8s <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"></span>ce <span class=\"_ _37\"></span>taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite,\u2014int\u00e9r\u00eats en esp\u00e8ces\ue61f: EURIBOR 3 mois et marge de 2,5 %\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _37\"> </span>est <span class=\"_ _37\"> </span>assorti <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"></span>commission <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>remboursement <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,5\ue61f% jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _66\"> </span>premier <span class=\"_ _65\"> </span>anniversaire <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>5\ue61f% <span class=\"_ _66\"> </span>ensuite <span class=\"_ _65\"> </span>(y <span class=\"_ _66\"> </span>compris <span class=\"_ _66\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance)\ue61f;\u2022Emprunt <span class=\"_ _64\"> </span>Angelo <span class=\"_ _64\"> </span>Gordon <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>second <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>ang <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>125\ue61fmillions <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _1\"></span>euros (\u00ab\ue61fSecond lien\ue61f\u00bb ou \u00ab\ue61f2L\ue61f\u00bb)\ue61f:\u2022cet emprunt est subordonn\u00e9 au premier\ue61f;\u2022maturit\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>4,5 <span class=\"_ _44\"> </span>ans <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_\"> </span>mars\ue61f2027 <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>option <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>extension d\u2019un an moyennant paiement d\u2019une commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _3b\"></span>capitalis\u00e9s\ue61f: <span class=\"_ _3b\"></span>5\ue61f% <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3\"></span>augmentant <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>5,5\ue61f% <span class=\"_ _3b\"></span>12 mois apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, puis 6\ue61f%,\u2014int\u00e9r\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces\ue61f: <span class=\"_ _3\"></span>EURIBOR <span class=\"_ _3\"></span>3 mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>marge de <span class=\"_ _3\"></span>4\ue61f% <span class=\"_ _3\"></span>puis <span class=\"_ _3\"></span>6\ue61f% \u00e0 partir de la deuxi\u00e8me ann\u00e9e\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>assorti <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>commission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>4\ue61f% <span class=\"_ _3\"></span>(y compris \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance).La <span class=\"_ _3b\"></span>commission <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>remboursement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>prise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>calcul <span class=\"_ _37\"></span>du taux e\ue61eectif (cf<span class=\"_ _0\"></span>. tableau ci<span class=\"ffa7a\">\u2011</span>dessus).L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo de 125\ue61fmillions de $ a \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9tendu pour une dur\u00e9e de 4 ans \u00e0 compter du 15\ue61fseptembre 2022.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>First <span class=\"_ _3\"></span>Lien, <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>Second <span class=\"_ _3\"></span>Lien <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo sont collectivement d\u00e9sign\u00e9s comme les \u00ab\ue61fInstruments de dette\ue61f\u00bb.Les principaux termes des I<span class=\"_ _0\"></span>nstruments de dette sont d\u00e9crits ci<span class=\"ffa7a\">\u2011</span>dessous.Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.8.3<span class=\"_ _c3\"> </span>Instruments financiers d\u00e9riv\u00e9s8.3.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>P<span class=\"_ _0\"></span>ortefeuille des instruments financiers d\u00e9riv\u00e9sAu 31\ue61ed\u00e9cembre 2022 et au 31\ue61ed\u00e9cembre 2021, la juste v<span class=\"_ _0\"></span>aleur du portefeuille d\u2019instruments d\u00e9riv\u00e9s se d\u00e9compose comme suit\ue61e:2022<span class=\"_ _18\"> </span><span class=\"ffa8d fc1\">2021</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Actifs<span class=\"_ _d1\"> </span>Passifs<span class=\"_ _193\"> </span><span class=\"ffa8d fc1\">Actifs<span class=\"_ _aa\"> </span>P<span class=\"_ _0\"></span>assifs</span>Couvertures de change<span class=\"_ _293\"> </span>2<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>1<span class=\"_ _268\"> </span>(2)Couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat<span class=\"_ _213\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR DES INSTRUMENTS D\u00c9RIV\u00c9S<span class=\"_ _28f\"> </span>2<span class=\"_ _1a1\"> </span>-<span class=\"_ _1a1\"> </span>1<span class=\"_ _1cf\"> </span>(<span class=\"_ _3\"></span>2)\ue61eCaract\u00e9ristiques de couvertures de changeLes couvertures de change au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022 s\u2019<span class=\"_ _0\"></span>analysent de la fa\u00e7on suivante\ue61e:(1)<span class=\"_ _8\"> </span>(<span class=\"_ _3\"></span>2)(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Devises<span class=\"_ _7c\"> </span><span class=\"ffa8e\">Notionnel\ue662<span class=\"_ _d1\"> </span></span>\u00c9ch\u00e9ance<span class=\"_ _bd\"> </span><span class=\"ffa8e\">Juste valeur\ue662</span>V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _2f0\"> </span>EUR/<span class=\"_ _3\"></span>GBP<span class=\"_ _5\"> </span>49<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>1V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>EUR/<span class=\"_ _3b\"></span>USD<span class=\"_ _156\"> </span>73<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>GBP/<span class=\"_ _3\"></span>USD<span class=\"_ _7e\"> </span>(<span class=\"_ _3\"></span>21)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _bb\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>CAD<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>29)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _dd\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>MXN<span class=\"_ _1d\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _1b5\"> </span></span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _110\"> </span>Autres devises<span class=\"_ _156\"> </span>10<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR<span class=\"_ _331\"> </span><span class=\"ffa8e\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8b\"> </span></span>2(1) Achats / (ventes) \u00e0 terme ne<span class=\"_ _0\"></span>ts, exprim\u00e9s en\ue61fmillions de la premi\u00e8re de<span class=\"_ _0\"></span>vise du couple.(2) V<span class=\"_ _1\"></span>aleur de march\u00e9 en\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os au 31\ue61fd\u00e9cembre 2022.Caract\u00e9ristiques des couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatLe <span class=\"ls0 ws0\">Groupe ne poss\u00e8de aucun instrument de couverture de taux d\u2019int\u00e9r\u00eat <span class=\"_ _0\"></span>au 31\ue61fd\u00e9cembre 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>ayant <span class=\"_ _3\"></span>contract\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>variable <span class=\"_ _3b\"></span>(EURIBOR), <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9tudi\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>\u00e9tudie <span class=\"_ _3b\"></span>plusieurs <span class=\"_ _3\"></span>options <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au </span>risque de taux.Caract\u00e9ristiques des instruments non document\u00e9s en couvertureAu 31\ue61fd\u00e9cembre 2022, le Groupe ne poss\u00e8de pas d\u2019instruments non document\u00e9s en <span class=\"_ _0\"></span>couverture \u00e0 la cl\u00f4ture.8.3.2<span class=\"_ _4d\"> </span>Incidence des instruments financiers d\u00e9riv\u00e9s sur la performance du Gr<span class=\"_ _0\"></span>oupeComme <span class=\"_ _3\"></span>indiqu\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>8.5.3.2, du <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie Groupe <span class=\"_ _3\"></span>consistant, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>souscrire <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>de tr\u00e8s court terme, qu\u2019<span class=\"_ _0\"></span>elle renouvelle en fonction <span class=\"_ _3\"></span>de son exposition globale <span class=\"_ _3\"></span>suivie quotidiennement, les caract\u00e9ristiques du <span class=\"_ _3\"></span>portefeuille d\u2019instruments d\u00e9riv\u00e9s \u00e0 la date de cl\u00f4ture ne sont pas repr<span class=\"_ _0\"></span>\u00e9sentatives de leur incidence ni sur l\u2019<span class=\"_ _0\"></span>exercice, ni sur les ex<span class=\"_ _0\"></span>ercices futurs.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ffa95\">\u2011</span>apr\u00e8s pr\u00e9sente l\u2019incidence des instruments d\u00e9riv\u00e9s sur la performance de l\u2019<span class=\"_ _1\"></span>exercice 2022.</span>Couvertures de changeIncidence des parts Incidence des parts (1)<span class=\"_ _106\"> </span>(2)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)e\ue759caces\ue662ine\ue759caces\ue662Marge brute<span class=\"_ _2e4\"> </span>16<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats re\u00e7us<span class=\"_ _1d7\"> </span>-<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Gain (perte) de change<span class=\"_ _23d\"> </span>-<span class=\"_ _b7\"> </span>2Charges \ue75cnanci\u00e8res nettes<span class=\"_ _208\"> </span><span class=\"ffa96\">-<span class=\"_ _c\"> </span>(1)</span>R\u00e9sultat des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _29a\"> </span>1<span class=\"_ _19\"> </span>-R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T NET<span class=\"_ _332\"> </span>17<span class=\"_ _c\"> </span>(1)Gains / (pertes) avant imp\u00f4ts r\u00e9sultant de l\u2019<span class=\"_ _1\"></span>\u00e9valuation \u00e0 la juste valeur des instruments de couverture de \ufb02ux (4)<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">-</span>de tr\u00e9sorerieAUTRES \u00c9L\u00c9MENTS D<span class=\"_ _0\"></span>U R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T GLOBAL<span class=\"_ _2a7\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _f5\"> </span></span>-(1) Selon le principe de sym\u00e9trie, les p<span class=\"_ _0\"></span>arts e\ue61fcaces des couvertures sont enregistr\u00e9es dans le m\u00eame <span class=\"_ _0\"></span>agr\u00e9gat du compte de r\u00e9sultat que les <span class=\"ls5e ws5e\">e\ue61eets </span>des \u00e9l\u00e9ments couverts.(2) <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>parts <span class=\"_ _3\"></span>ine\ue61fcaces <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>proviennent <span class=\"_ _3\"></span>essentiellement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>(report/d\u00e9port) <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>terme <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>des <span class=\"_ _3b\"></span><span class=\"ls5e ws5e\">swaps<span class=\"_ _3b\"></span></span> de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>Groupe exclut des relations de couverture<span class=\"_ _0\"></span>, <span class=\"ls5e ws5e\">et<span class=\"_ _3\"></span> </span>du r\u00e9sultat de change sur les <span class=\"_ _3\"></span>r\u00e9ductions de surcouvertures<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les points de terme li\u00e9s aux instruments en <span class=\"_ _3\"></span>couverture de l\u2019<span class=\"_ _0\"></span>exposition financi\u00e8re sont pr\u00e9sent\u00e9s en <span class=\"_ _3\"></span>\u00ab\ue61cCharges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3\"></span>nettes\ue61c\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>points <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>li\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>commerciale\ue61cainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9ductions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de change\ue61csont pr\u00e9sent<span class=\"_ _0\"></span>\u00e9s sur la ligne \u00ab\ue61cGain (perte) de change\ue61c\u00bb.8<span class=\"_ _3\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">\u00c9v<span class=\"_ _0\"></span>aluation \u00e0 la juste valeur</span>8.4.<span class=\"_ _1\"></span>1<span class=\"_ _bd\"> </span>Classification et \u00e9valuation \u00e0 la juste valeurConform\u00e9ment <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>IFRS\ue61d13 <span class=\"_ _46\"> </span>- <span class=\"_ _46\"> </span>\u00c9valuation <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>juste <span class=\"_ _46\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _46\"> </span>trois <span class=\"_\"> </span>niveaux d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>ont <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>identifi\u00e9s <span class=\"_ _47\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>actifs <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>passifs financiers\ue61d:\u2022niveau <span class=\"_ _61\"> </span>1\ue61d: <span class=\"_ _61\"> </span>prix <span class=\"_ _61\"> </span>cot\u00e9s <span class=\"_ _61\"> </span>sur <span class=\"_ _61\"> </span>un <span class=\"_ _61\"> </span>march\u00e9 <span class=\"_ _61\"> </span>actif <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>actifs <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>passifs identiques auxquels l\u2019<span class=\"_ _0\"></span>entit\u00e9 peut acc\u00e9der \u00e0 la date d\u2019<span class=\"_ _0\"></span>\u00e9valuation\ue61d;\u2022niveau <span class=\"_ _44\"> </span>2\ue61d: <span class=\"_ _44\"> </span>mod\u00e8les <span class=\"_ _44\"> </span>internes <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>param\u00e8tres <span class=\"_ _44\"></span>observables <span class=\"_ _44\"> </span>incluant l\u2019utilisation <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>transactions <span class=\"_ _64\"> </span>r\u00e9centes <span class=\"_ _64\"> </span>(si <span class=\"_ _65\"> </span>disponible), <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9f\u00e9rence <span class=\"_ _65\"> </span>\u00e0d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _44\"> </span>instruments <span class=\"_ _44\"> </span>essentiellement <span class=\"_\"> </span>similair<span class=\"_ _0\"></span>es, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_ _47\"> </span>analyses <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span><span class=\"ffaa2\">cash </span>fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span><span class=\"ffa9d ls0 ws0\"> actualis\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>mod\u00e8les <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>utilisant <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>plus <span class=\"_ _3\"></span>possible <span class=\"_ _3\"></span>des </span>donn\u00e9es <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>mar<span class=\"_ _0\"></span>ch\u00e9 <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>moins <span class=\"_ _65\"> </span>possible <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>donn\u00e9es <span class=\"_ _65\"> </span>internes <span class=\"_ _64\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>entreprise\ue61d;\u2022niveau 3\ue61d: mod\u00e8les internes avec des param\u00e8tr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>non observables<span class=\"_ _0\"></span>.\ue61dLe <span class=\"ls0 ws0\">tableau ci<span class=\"ffaa8\">\u2011</span>apr\u00e8s pr\u00e9sente la ventilation des actifs et passifs financiers<span class=\"_ _0\"></span>, en fonction de leur cat\u00e9gorie comptable :</span>\u00c9valuation par cat\u00e9gorie d\u2019<span class=\"_ _1\"></span>actif et de passif au 31\ue662d\u00e9cembre 2022Juste valeur Juste valeur Instruments 31\ue662d\u00e9cembre par compte de par capitaux d\u00e9riv\u00e9s (voir Estimation \u00e0\ue662(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)2022Co\u00fbt amortir\u00e9sultatpropresnote 8.3)la juste valeurParticipations non consolid\u00e9es<span class=\"_ _333\"> </span><span class=\"ffaab\">21<span class=\"_ _17e\"> </span></span>-<span class=\"_ _178\"> </span><span class=\"ffaab\">21<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _d\"> </span><span class=\"ffaab\">Niveau\ue6621/<span class=\"_ _3\"></span>Niveau 3</span>T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _1f4\"> </span>15<span class=\"_ _9\"> </span>6<span class=\"_ _9\"> </span>9<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _71\"> </span>Niveau\ue61e1<span class=\"_ _0\"></span>/<span class=\"_ _3b\"></span>Niveau 2Pr\u00eats et autres<span class=\"_ _205\"> </span>1<span class=\"_ _184\"> </span>1<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Cr\u00e9ances li\u00e9s aux actifs de sous<span class=\"ffaa8\">\u2011</span>location<span class=\"_ _dc\"> </span>1<span class=\"_ _17e\"> </span>1<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres actifs \ue75cnanciers non courants<span class=\"_ _334\"> </span><span class=\"ffaac\">18<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span></span>\ue662T<span class=\"_ _23\"></span>otal actif \ue75cnancier non courant<span class=\"_ _171\"> </span><span class=\"ffaac\">39<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _22d\"> </span>25<span class=\"_ _17e\"> </span>-<span class=\"_ _97\"> </span>25<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>N<span class=\"_ _0\"></span>iveau 1Autres actifs financiers courants<span class=\"_ _15\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span>\ue61eInstruments financiers d\u00e9riv\u00e9s<span class=\"_ _50\"> </span>2<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7e\"> </span>2<span class=\"_ _16a\"> </span>Niveau 2Autres actifs \ue75cnanciers courants<span class=\"_ _335\"> </span>27<span class=\"_ _17e\"> </span><span class=\"ffaac\">-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span></span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _336\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _184\"> </span></span>-<span class=\"_ _1a4\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _337\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _184\"> </span></span>-<span class=\"_ _97\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents de tr\u00e9sorerie<span class=\"_ _f0\"> </span><span class=\"ffaab\">167<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ffaab\">\ue662</span>T<span class=\"_ _23\"></span>otal actif \ue75cnancier courant<span class=\"_ _18\"> </span><span class=\"ffaac\">194<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662(1)Emprunts non courants\ue61e<span class=\"_ _221\"> </span>(363)<span class=\"_ _5c\"> </span>(<span class=\"_ _3\"></span>363)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Dettes \ue75cnanci\u00e8res<span class=\"_ _110\"> </span><span class=\"ffaac\">(363)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes non courantes<span class=\"_ _204\"> </span>-<span class=\"_ _19b\"> </span><span class=\"ffaab\">\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>Dettes de loyers<span class=\"_ _338\"> </span>(44)<span class=\"_ _1e1\"> </span>(44)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffaab\">Niveau 2</span>T<span class=\"_ _23\"></span>otal passif \ue75cnancier non courant<span class=\"_ _334\"> </span>(407)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Dettes \ue75cnanci\u00e8res<span class=\"_ _dd\"> </span><span class=\"ffaac\">(1)<span class=\"_ _d5\"> </span>(1)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span></span>Niveau 2Dettes de loyers<span class=\"_ _339\"> </span><span class=\"ffaab\">(23)<span class=\"_ _1dc\"> </span>(23)<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span><span class=\"ffaab\">Niveau 2</span>Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes \ue75cnanci\u00e8res courantes<span class=\"_ _17\"> </span><span class=\"ffaac\">-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span></span>Niveau 2T<span class=\"_ _23\"></span>otal passif \ue75cnancier courant<span class=\"_ _56\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIFS FINANCIERS<span class=\"_ _21f\"> </span>(431)<span class=\"_ _19b\"> </span><span class=\"ffaab\">\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>(1) Les emprunts sont comptabilis\u00e9s au co\u00fbt amorti. Au 31 d\u00e9cembr<span class=\"_ _0\"></span>e 2022, la juste valeur de la dette n'a pu \u00eatre estim\u00e9e de mani\u00e8r<span class=\"_ _0\"></span>e fiable par le Groupe.\u00c9valuation par cat\u00e9gorie d\u2019<span class=\"_ _1\"></span>actif et de passif au 31\ue662d\u00e9cembre 2021Au Juste valeur Juste valeur Instruments 31\ue662d\u00e9cembre par compte de par capitaux d\u00e9riv\u00e9s (voir Estimation \u00e0\ue662(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2021, netCo\u00fbt amortir\u00e9sultatpropresnote 8.3)la juste valeurParticipations non consolid\u00e9es<span class=\"_ _56\"> </span><span class=\"ffab5\">20<span class=\"_ _184\"> </span></span>-<span class=\"_ _74\"> </span><span class=\"ffab5\">20<span class=\"_ _184\"> </span></span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span>Niveau 3T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _1f4\"> </span>31<span class=\"_ _9a\"> </span>20<span class=\"_ _178\"> </span>10<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _aa\"> </span>Niv<span class=\"_ _0\"></span>eau 1Pr\u00eats et autres<span class=\"_ _146\"> </span>2<span class=\"_ _7e\"> </span>2<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Cr\u00e9ances li\u00e9s aux actifs de sous<span class=\"ffab7\">\u2011</span>location<span class=\"_ _92\"> </span>5<span class=\"_ _7e\"> </span>5<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres actifs \ue75cnanciers non courants<span class=\"_ _113\"> </span><span class=\"ffab6\">38<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _23\"></span>otal actif \ue75cnancier non courant<span class=\"_ _1f2\"> </span><span class=\"ffab6\">58<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _ce\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _17e\"> </span></span>3<span class=\"_ _97\"> </span>22<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7a\"> </span>Niveau 1Autres actifs financiers courants<span class=\"_ _15\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _f3\"> </span>\ue61fInstruments financiers d\u00e9riv\u00e9s<span class=\"_ _50\"> </span>2<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7e\"> </span>2<span class=\"_ _16a\"> </span>Niveau 2Autres actifs \ue75cnanciers courants<span class=\"_ _148\"> </span>26<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _1fa\"> </span>187<span class=\"_ _184\"> </span>-<span class=\"_ _193\"> </span>187<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _7a\"> </span>Niveau 1\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _2c8\"> </span>9<span class=\"_ _184\"> </span>-<span class=\"_ _9\"> </span>9<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _aa\"> </span>N<span class=\"_ _0\"></span>iveau 1T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents de tr\u00e9sorerie<span class=\"_ _106\"> </span><span class=\"ffab5\">196<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662</span>T<span class=\"_ _23\"></span>otal actif \ue75cnancier courant<span class=\"_ _2f2\"> </span>222<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662(1)Emprunts non courants\ue61f<span class=\"_ _2\"> </span>(1\ue61f025)<span class=\"_ _18c\"> </span>(1\ue61f025)<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _16a\"> </span>Niveau 2Dettes \ue75cnanci\u00e8res<span class=\"_ _172\"> </span>(1\ue662025)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _8\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _1dc\"> </span>Niveau 2Autres dettes non courantes<span class=\"_ _204\"> </span>-<span class=\"_ _19b\"> </span><span class=\"ffab5\">\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>Dettes de loyers<span class=\"_ _33a\"> </span>(145)<span class=\"_ _83\"> </span>(145)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffab5\">Niveau 2</span>T<span class=\"_ _23\"></span>otal passif \ue75cnancier non courant<span class=\"_ _f5\"> </span>(1\ue662170)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662Dettes \ue75cnanci\u00e8res<span class=\"_ _33b\"> </span>(17)<span class=\"_ _aa\"> </span>(17)<span class=\"_ _17e\"> </span><span class=\"ffab6\">-<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _ae\"> </span></span>Niveau 2Dettes de loyers<span class=\"_ _338\"> </span>(48)<span class=\"_ _8a\"> </span>(48)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _c2\"> </span><span class=\"ffab5\">Niveau 2</span>Instruments financiers d\u00e9riv\u00e9s<span class=\"_ _1f5\"> </span>(2)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _a8\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _16a\"> </span>Niveau 2Autres dettes \ue75cnanci\u00e8res courantes<span class=\"_ _100\"> </span><span class=\"ffab6\">(<span class=\"_ _3\"></span>3)<span class=\"_ _17e\"> </span>-<span class=\"_ _184\"> </span>-<span class=\"_ _17e\"> </span>-<span class=\"_ _193\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _c2\"> </span></span>Niveau 2T<span class=\"_ _23\"></span>otal passif \ue75cnancier courant<span class=\"_ _33c\"> </span><span class=\"ls70 ws70\">(<span class=\"_ _3\"></span>70)<span class=\"_ _19b\"> </span></span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _f3\"> </span>\ue662T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL P<span class=\"_ _0\"></span>ASSIFS FINANCIERS<span class=\"_ _eb\"> </span><span class=\"ffab5\">(1\ue662240)<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _23f\"> </span>\ue662<span class=\"_ _19b\"> </span>\ue662<span class=\"_ _226\"> </span>\ue662</span>(1) Les emprunts sont comptabilis\u00e9s au co\u00fbt amorti. Au 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2021, la juste valeur du Nouveau F<span class=\"_ _0\"></span>inancement <span class=\"ls5e ws5e\">et </span>de la Dette R\u00e9am\u00e9nag\u00e9e \u00e9<span class=\"_ _0\"></span>tait de 1\ue61f105\ue61fmillions d\u2019euros<span class=\"_ _0\"></span>.\ue61fUne <span class=\"_ _3b\"></span>partie <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>nantissement <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>filiales <span class=\"_ _37\"></span>am\u00e9ricaines <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>class\u00e9e <span class=\"_ _3b\"></span>en <span class=\"_ _37\"></span>actif <span class=\"_ _3b\"></span>courant <span class=\"_ _37\"></span>compte <span class=\"_ _3b\"></span>tenu <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>son <span class=\"_ _3b\"></span>\u00e9ch\u00e9ance <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>court <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>bien <span class=\"_ _3b\"></span>que celle<span class=\"ffab7\">\u2011</span>ci soit renouvel\u00e9e automatiquement pour une p\u00e9riode de 12 mois<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-152-3": {
   "value": "7<span class=\"_ _23\"></span>.2.2Dividendes et distributionsAu <span class=\"_\"> </span>titre <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>exer<span class=\"_ _0\"></span>cices <span class=\"_ _46\"> </span>2020 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>Assembl\u00e9es <span class=\"_\"> </span>g\u00e9n\u00e9rales <span class=\"_\"> </span>tenues respectivement les 12\ue61fmai 2021 et 30\ue61fjuin <span class=\"_ _3\"></span>2022 n\u2019<span class=\"_ _0\"></span>ont pas vot\u00e9 de\ue61fversement de dividende.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-153-3": {
   "value": "7<span class=\"_ _f\"></span>.2.3P<span class=\"_ _0\"></span>articipations ne donnant pas le contr\u00f4leEn <span class=\"_\"> </span><span class=\"ls0 ws0\">2022 <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>2021, <span class=\"_ _44\"> </span>aucune <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariation <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>participations <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>donnant <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>le </span>contr\u00f4le n\u2019<span class=\"_ _0\"></span>a eu lieu.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-155-4": {
   "value": "Le <span class=\"_ _65\"> </span>r\u00e9sultat <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>action <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>calcul\u00e9 <span class=\"_ _64\"> </span>en <span class=\"_ _65\"> </span>divisant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>r\u00e9sultat attribuable <span class=\"_ _47\"> </span>aux <span class=\"_ _44\"> </span>porteurs <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>soci\u00e9t\u00e9 <span class=\"_ _47\"> </span>m\u00e8re <span class=\"_ _44\"> </span>par <span class=\"_ _47\"> </span>le nombre moyen <span class=\"_ _3\"></span>pond\u00e9r\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires en <span class=\"_ _3\"></span>circulation au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la p\u00e9riode, en ex<span class=\"_ _0\"></span>cluant les actions propres d\u00e9tenues par le Groupe.Le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _37\"></span>dilu\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>action <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>calcul\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>divisant <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3b\"></span>attribuable aux porteurs d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>ordinaires de la soci\u00e9t\u00e9 m\u00e8re par le nombre moyen pond\u00e9r\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions <span class=\"_\"> </span>ordinaires <span class=\"_\"> </span>en <span class=\"_\"> </span>circulation <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_\"> </span>en prenant <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>hypoth\u00e8ses <span class=\"_ _65\"> </span>que <span class=\"_ _64\"> </span>tous <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>instruments <span class=\"_ _65\"> </span>potentiellement dilutifs <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>convertis <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>produit <span class=\"_ _3\"></span>suppos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>conversion <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces instruments <span class=\"_ _3b\"></span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>utilis\u00e9 <span class=\"_ _37\"> </span>pour <span class=\"_ _37\"> </span>acqu\u00e9rir <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>actions <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>cours moyen <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _37\"> </span>p\u00e9riode <span class=\"_\"> </span>dur<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>laquelle <span class=\"_ _44\"> </span>ces instruments \u00e9taient en circulation.Les instruments potentiellement dilutifs comprennent\ue61f:\u2022les options \u00e9mises, si elles sont dilutives\ue61f;\u2022les <span class=\"_ _37\"></span>instruments <span class=\"_ _37\"></span>\u00e9mis <span class=\"_ _37\"></span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span>cadre <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plans <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>stock<span class=\"ffa57\">\u2011</span>options <span class=\"_ _37\"> </span>mis <span class=\"_ _37\"> </span>en place <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Dir<span class=\"_ _0\"></span>ection <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>Groupe, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>o\u00f9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>cours <span class=\"_ _3b\"></span>moyen des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>sup\u00e9rieur <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice ajust\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ces instruments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-158-3": {
   "value": "7.<span class=\"_ _37\"></span>4<span class=\"_ _e\"> </span><span class=\"ls0 ws0\">Relation avec les parties li\u00e9es</span>9.<span class=\"_ _3\"></span>4<span class=\"_ _81\"> </span><span class=\"ls0 ws0\">Sommes allou\u00e9es aux membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et aux membr<span class=\"_ _0\"></span>es </span>du\ue61fComit\u00e9 E<span class=\"_ _0\"></span>x\u00e9cutifLe <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>pr\u00e9sence et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>r\u00e9mun\u00e9rations allou\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>(y <span class=\"_ _3\"></span>compris <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>charges sociales <span class=\"_ _3\"></span>li\u00e9es) <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>0,8\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>en </span>2022 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>0.9\ue61fmillion <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2021. <span class=\"_ _3\"></span>Une <span class=\"_ _3\"></span>retenue <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>source <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>e\ue61eectu\u00e9e <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>montants <span class=\"_ _3b\"></span>dus <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>administrateurs <span class=\"_ _3\"></span>non<span class=\"ffb40\">\u2011</span>r\u00e9sidents <span class=\"_ _3\"></span>fiscaux <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>France<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>jetons <span class=\"_ _3\"></span>de pr\u00e9sence dus au titre de l\u2019<span class=\"_ _1\"></span>exercice 2022 seront vers\u00e9s en 2023.Les avantages <span class=\"_ _3\"></span>allou\u00e9s <span class=\"_ _3\"></span>par le <span class=\"_ _3\"></span>Groupe aux <span class=\"_ _3\"></span>membres <span class=\"_ _3\"></span>du Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif (incluant <span class=\"_ _3\"></span>ceux qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>quitt\u00e9 <span class=\"_ _3\"></span>cette fonction <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>des exercices <span class=\"_ _3\"></span>2022 et <span class=\"_ _3\"></span>2021) <span class=\"_ _3\"></span>se d\u00e9taillent comme suit\ue61fsur les exercices 2022 et 2021\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffb43 fc1\">2021</span>(1)Salaires et autres avantages \u00e0 court terme\ue61f<span class=\"_ _35e\"> </span>7<span class=\"_ _1de\"> </span>11A<span class=\"_ _0\"></span>vantages \u00e0 long terme<span class=\"_ _2a3\"> </span>3<span class=\"_ _b7\"> </span>2(2)Indemnit\u00e9s de d\u00e9part\ue61f<span class=\"_ _35c\"> </span>2<span class=\"_ _f5\"> </span>1Paiements fond\u00e9s sur des actions<span class=\"_ _35f\"> </span>1<span class=\"_ _19\"> </span>1TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _265\"> </span><span class=\"ffb43 ls0 ws0\">13<span class=\"_ _106\"> </span>15</span>(1) 9 membres en 2022 <span class=\"ls5e ws5e\">et </span>8 membres en 2021.(2) Les indemnit\u00e9s de d\u00e9part en retr<span class=\"_ _0\"></span>aite provisionn\u00e9es \u00e9taient quasi nulles aux 31\ue61fd\u00e9cembr<span class=\"_ _0\"></span>e 2022 <span class=\"ls5e ws5e\">et </span>2021.\ue61fEnfin, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>membres <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3\"></span>Ex\u00e9cutif <span class=\"_ _3\"></span>peuvent <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3\"></span>d\u2019indemnit\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>cas <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cessation <span class=\"_ _3b\"></span>involontaire <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sans <span class=\"_ _3b\"></span>faute <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur <span class=\"_ _3b\"></span>fonction, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>montant global estim\u00e9 \u00e0 1,4\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-159-3": {
   "value": "Une partie est li\u00e9e au Groupe dans les cas suiv<span class=\"_ _0\"></span>ants\ue61f:\u2022directement <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>indir<span class=\"_ _0\"></span>ectement <span class=\"_ _65\"> </span>par <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>biais <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _64\"> </span>ou <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>plusieurs interm\u00e9diaires<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>la partie <span class=\"_ _3\"></span>(i) contr\u00f4le le <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>est contr\u00f4l\u00e9e par <span class=\"_ _3\"></span>lui, ou est <span class=\"_ _37\"> </span>soumise <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>contr\u00f4le <span class=\"_ _37\"> </span>commun, <span class=\"_ _37\"> </span>(ii) <span class=\"_ _44\"> </span>d\u00e9tient <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>une participation qui lui permet d\u2019<span class=\"_ _0\"></span>exercer une influence notable sur elle\ue61f;\u2022la partie est une entreprise associ\u00e9e\ue61f;\u2022la <span class=\"_ _64\"> </span>partie <span class=\"_ _64\"> </span>est <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>co<span class=\"ffa62\">\u2011</span>entreprise <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>laquelle <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>un co<span class=\"ffa62\">\u2011</span>entrepreneur\ue61f;\u2022la <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>l\u2019un <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>ses <span class=\"_ _65\"> </span>administrateurs <span class=\"_ _65\"> </span>fait <span class=\"_ _65\"> </span>partie <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_\"> </span>ou <span class=\"_\"> </span>du <span class=\"_\"> </span>Comit\u00e9 <span class=\"_\"> </span>E<span class=\"_ _0\"></span>x\u00e9cutif <span class=\"_\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_\"> </span>ou <span class=\"_\"> </span>est <span class=\"_\"> </span>un <span class=\"_\"> </span>des membres proches de la famille vis\u00e9e p<span class=\"_ _0\"></span>ar les situations ci<span class=\"ffa62\">\u2011</span>dessus.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-162-3": {
   "value": "8<span class=\"_ _3\"></span>.1<span class=\"_ _3b\"></span>.1<span class=\"_ _7b\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _45\"></span>r\u00e9sorerie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _0\"></span>erie</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffa6b fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie<span class=\"_ _25e\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _32\"> </span></span>187\u00c9<span class=\"_ _0\"></span>quivalents de tr\u00e9sorerie<span class=\"_ _32a\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _b7\"> </span></span>9TR\u00c9SORERIE ET \u00c9QUIV<span class=\"_ _1\"></span>ALENTS DE TR\u00c9SORERIE<span class=\"_ _df\"> </span>167<span class=\"_ _36\"> </span>196\ue61f",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-3": {
   "value": "8.2<span class=\"_ _c3\"> </span>P<span class=\"_ _0\"></span>assifs financiers8.2.<span class=\"_ _0\"></span>1Dettes financi\u00e8r<span class=\"_ _0\"></span>es8.2.<span class=\"_ _0\"></span>1.1Principales caract\u00e9ristiquesEn <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">lien <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>op\u00e9ration <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Distribution, <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>refinanc\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>la </span>dette issue de la Sauvegarde F<span class=\"_ _0\"></span>inanci\u00e8re Activ\u00e9e.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">15\ue61fseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Nouveau Financement <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la Dette <span class=\"_ _3\"></span>R\u00e9am\u00e9nag\u00e9e, </span>ont \u00e9t\u00e9 compl\u00e9tement rembours\u00e9s au moyen de\ue61f:1.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _66\"> </span>dette <span class=\"_ _65\"> </span>attribu\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _66\"> </span>Creative <span class=\"_ _65\"> </span>Studios pr\u00e9alablement \u00e0 sa distribution\ue61f;2.l\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>convertible <span class=\"_ _3\"></span>(et <span class=\"_ _3b\"></span>subs\u00e9quemment <span class=\"_ _3\"></span>convertie) pour 292,5\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;3.la <span class=\"_ _61\"> </span>souscription <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>deux <span class=\"_ _61\"> </span>emprunts <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>Barclays <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _1\"></span>Angelo Gordon pour 250 et 125\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros respectivement.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">parall\u00e8le, <span class=\"_ _3b\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>r\u00e9vis\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>prolong\u00e9 <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>assise <span class=\"_ _3b\"></span>sur </span>des actifs (\ue61f\u00ab\ue61fl\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb) pour une dur\u00e9e de 4 ans.Suite \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Distribution de <span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S,<span class=\"_ _3b\"></span> </span>V<span class=\"_ _1\"></span>antiva n\u2019est plus part <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>aucune forme <span class=\"_ _3\"></span>\u00e0 la dette de <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span>.</span>La dette financi\u00e8re du Groupe au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022, avec et sans les dettes de loyer IFRS\ue61e16, se d\u00e9compose comme suit\ue61e:Dette nette Vantiva d\u00e9cembre 2022 - sans dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>auxT<span class=\"_ _23\"></span>auxEntit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRS\ue662nominal\ue662e\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span></span>382<span class=\"_ _11\"> </span>364<span class=\"_ _e\"> </span><span class=\"ffa72\">8,5\ue662%<span class=\"_ _6a\"> </span>13,0\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _17c\"> </span><span class=\"ffa71\">216<span class=\"_ _80\"> </span>197<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.6(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.\ue61eDette nette Vantiva d\u00e9cembre 2022 - avec dettes de loyers op\u00e9rationnels(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)MontantMontantT<span class=\"_ _23\"></span>aux\ue662T<span class=\"_ _23\"></span>aux\ue662Entit\u00e9<span class=\"_ _174\"> </span>Dette<span class=\"_ _4f\"> </span>Caract\u00e9ristiques<span class=\"_ _85\"> </span>Devise\ue662nominal\ue662IFRSnominale\ue75bectif<span class=\"_ _4f\"> </span><span class=\"ffa71\">\u00c9ch\u00e9ance</span>V<span class=\"_ _1\"></span>antiva<span class=\"_ _1f1\"> </span>Barclays 1L<span class=\"_ _93\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _ac\"> </span>250<span class=\"_ _2c9\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _3\"></span>0<span class=\"_ _bf\"> </span></span>7<span class=\"_ _1\"></span>,5\ue61e%<span class=\"_ _e\"> </span>11,8\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26marge de 2,5\ue61e% &amp; (1)PIK\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _182\"> </span>A<span class=\"_ _0\"></span>G 2L<span class=\"_ _25\"> </span>Esp\u00e8ces : E + EUR<span class=\"_ _189\"> </span>125<span class=\"_ _a9\"> </span>117<span class=\"_ _88\"> </span>11,0\ue61e%<span class=\"_ _5f\"> </span>16,<span class=\"_ _0\"></span>1\ue61e%<span class=\"_ _7f\"> </span><span class=\"ls56 ws56\">Ma<span class=\"_ _3\"></span>r</span><span class=\"ffa73\">\u2011</span>274,00\ue61e% &amp; PIK\ue61e: (2)5,00\ue61e%\ue61eT<span class=\"_ _23\"></span>echnicolor USA Inc.<span class=\"_ _289\"> </span>WF<span class=\"_ _186\"> </span>9<span class=\"_ _0\"></span>,50\ue61e%<span class=\"_ _1b6\"> </span>USD<span class=\"_ _193\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>9<span class=\"_ _0\"></span>,5\ue61e%<span class=\"_ _31\"> </span>9,5\ue61e%<span class=\"_ _7f\"> </span>Sep<span class=\"ffa73\">\u2011</span>26Divers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _180\"> </span>66<span class=\"_ _94\"> </span>66<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _88\"> </span>12,2\ue61e%<span class=\"_ _8a\"> </span>\ue61eop\u00e9rationnelsDivers<span class=\"_ _1f4\"> </span>Dettes de loyers \ue61e<span class=\"_ _81\"> </span>D<span class=\"_ _0\"></span>ivers<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _31\"> </span>2,5\ue61e%<span class=\"_ _1b6\"> </span>2,5\ue61e%<span class=\"_ _1e1\"> </span>\ue61efinanciersV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus<span class=\"_ _15a\"> </span>\ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _193\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _5f\"> </span>0,0\ue61e%<span class=\"_ _8a\"> </span>\ue61eV<span class=\"_ _1\"></span>antiva<span class=\"_ _32b\"> </span>Int\u00e9r\u00eats courus \ue61e<span class=\"_ _3f\"> </span>EUR<span class=\"_ _d7\"> </span>6<span class=\"_ _5c\"> </span>6<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61ecapitalis\u00e9s PIKDivers<span class=\"_ _b9\"> </span>Autres dettes<span class=\"_ _249\"> </span>\ue61e<span class=\"_ _81\"> </span>Divers<span class=\"_ _185\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _14f\"> </span>0,0\ue61e%<span class=\"_ _d1\"> </span>\ue61eDETTE T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>ALE<span class=\"_ _2\"> </span><span class=\"ffa72\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ab\"> </span></span>448<span class=\"_ _1a6\"> </span>430<span class=\"_ _2c9\"> </span><span class=\"ffa72\">9\ue662%<span class=\"_ _42\"> </span>12,8\ue662%<span class=\"_ _8a\"> </span>\ue662</span>TR\u00c9SORERIE &amp;\ue662\u00c9QUIV<span class=\"_ _1\"></span>ALENTS \ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _18a\"> </span><span class=\"ffa71\">167<span class=\"_ _80\"> </span>167<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE TR\u00c9SORERIEDETTE NETTE<span class=\"_ _99\"> </span>\ue662<span class=\"_ _3c\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _ac\"> </span><span class=\"ffa71\">282<span class=\"_ _2c9\"> </span>263<span class=\"_ _8a\"> </span></span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662(1)\ue61f\ue61f\ue61fInt\u00e9r<span class=\"_ _0\"></span>\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces = EURIBOR <span class=\"_ _3\"></span>(3 <span class=\"_ _3\"></span>mois) + marge de <span class=\"_ _3\"></span>2,5\ue61f% <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>int\u00e9r\u00ea<span class=\"_ _0\"></span>ts <span class=\"_ _3\"></span>capitalis\u00e9s (PIK<span class=\"_ _3\"></span>)\ue61f: 3\ue61f% la <span class=\"_ _3\"></span>premi\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ann\u00e9e, augmentant \u00e0 4\ue61f% <span class=\"_ _3\"></span>12 mois apr\u00e8s l\u2019\u00e9mission, puis 5,5\ue61f% <span class=\"ls63 ws63\">24 </span>mois <span class=\"_ _3\"></span>apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, ce taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite<span class=\"_ _0\"></span>.(2)\ue61f\ue61f\ue61fInt\u00e9r\u00eats en esp\u00e8ces = EURIBOR (3 mois) + 4,00\ue61f% <span class=\"ls5e ws5e\">et </span>6,00\ue61f% apr\u00e8s 2 ann\u00e9es /<span class=\"_ _0\"></span>/ int\u00e9r\u00eats capitalis\u00e9s\ue61f: 5,00\ue61f% pour la pr<span class=\"_ _0\"></span>emi\u00e8re ann\u00e9e, puis \u00e0 5,5\ue61f% apr\u00e8s 12 mois <span class=\"ls5e ws5e\">et </span>6,0\ue61f% pour la suite<span class=\"_ _0\"></span>.8.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _52\"> </span>Conditions principales des conventions de cr\u00e9ditV<span class=\"_ _1\"></span>antiva a <span class=\"_ _3\"></span>conclu <span class=\"_ _3\"></span>deux emprunts <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>portent les <span class=\"_ _3\"></span>principales <span class=\"_ _3\"></span>caract\u00e9ristiques suivantes\ue61f:\u2022Emprunt Barclays de <span class=\"_ _3\"></span>250\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>avec privil\u00e8ge <span class=\"_ _3\"></span>de premier rang (\u00ab\ue61fFirst lien\ue61f\u00bb ou \u00ab\ue61f1L\ue61f\u00bb)\u2022cet emprunt est senior par rapport \u00e0 l\u2019<span class=\"_ _0\"></span>emprunt de second rang\ue61f;\u2022maturit\u00e9 <span class=\"_ _6f\"> </span>de <span class=\"_ _6f\"> </span>4 <span class=\"_ _4c\"> </span>ans <span class=\"_ _6f\"> </span>jusqu\u2019\u00e0 <span class=\"_ _4c\"> </span>septembre\ue61f2026 <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>une <span class=\"_ _4c\"> </span>option d\u2019<span class=\"_ _0\"></span>extension <span class=\"_ _63\"> </span>d\u2019un <span class=\"_ _62\"> </span>an <span class=\"_ _63\"> </span>moyennant <span class=\"_ _62\"> </span>paiement <span class=\"_ _63\"> </span>d\u2019une <span class=\"_ _62\"> </span>commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _44\"> </span>capitalis\u00e9s\ue61f: <span class=\"_ _44\"> </span>3\ue61f% <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>premi\u00e8re <span class=\"_ _44\"> </span>ann\u00e9e, <span class=\"_ _37\"> </span>augmentant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>4\ue61f% <span class=\"_ _44\"> </span>12 mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"> </span>puis <span class=\"_ _37\"> </span>5,5\ue61f% <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">24<span class=\"_ _3\"></span> <span class=\"_ _3b\"></span></span>mois <span class=\"_ _37\"> </span>apr\u00e8s <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9mission, <span class=\"_ _37\"></span>ce <span class=\"_ _37\"></span>taux augmentant de 0,5\ue61f% \u00e0 chaque 12 mois \u00e9coul\u00e9s par la suite,\u2014int\u00e9r\u00eats en esp\u00e8ces\ue61f: EURIBOR 3 mois et marge de 2,5 %\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _37\"> </span>est <span class=\"_ _37\"> </span>assorti <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"></span>commission <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>remboursement <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,5\ue61f% jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _66\"> </span>premier <span class=\"_ _65\"> </span>anniversaire <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>5\ue61f% <span class=\"_ _66\"> </span>ensuite <span class=\"_ _65\"> </span>(y <span class=\"_ _66\"> </span>compris <span class=\"_ _66\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance)\ue61f;\u2022Emprunt <span class=\"_ _64\"> </span>Angelo <span class=\"_ _64\"> </span>Gordon <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>second <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>ang <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>125\ue61fmillions <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _1\"></span>euros (\u00ab\ue61fSecond lien\ue61f\u00bb ou \u00ab\ue61f2L\ue61f\u00bb)\ue61f:\u2022cet emprunt est subordonn\u00e9 au premier\ue61f;\u2022maturit\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>4,5 <span class=\"_ _44\"> </span>ans <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_\"> </span>mars\ue61f2027 <span class=\"_ _44\"> </span>avec <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>option <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>extension d\u2019un an moyennant paiement d\u2019une commission d\u2019<span class=\"_ _0\"></span>extension\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>porte <span class=\"_ _3b\"></span>int\u00e9r\u00eat <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>combinaison <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces <span class=\"_ _3\"></span>et capitalis\u00e9s\ue61f:\u2014int\u00e9r\u00eats <span class=\"_ _3b\"></span>capitalis\u00e9s\ue61f: <span class=\"_ _3b\"></span>5\ue61f% <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3\"></span>augmentant <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>5,5\ue61f% <span class=\"_ _3b\"></span>12 mois apr\u00e8s l\u2019<span class=\"_ _0\"></span>\u00e9mission, puis 6\ue61f%,\u2014int\u00e9r\u00eats en <span class=\"_ _3\"></span>esp\u00e8ces\ue61f: <span class=\"_ _3\"></span>EURIBOR <span class=\"_ _3\"></span>3 mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>marge de <span class=\"_ _3\"></span>4\ue61f% <span class=\"_ _3\"></span>puis <span class=\"_ _3\"></span>6\ue61f% \u00e0 partir de la deuxi\u00e8me ann\u00e9e\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>assorti <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>commission <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>4\ue61f% <span class=\"_ _3\"></span>(y compris \u00e0 l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance).La <span class=\"_ _3b\"></span>commission <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>remboursement <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>prise <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>compte <span class=\"_ _37\"></span>dans <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>calcul <span class=\"_ _37\"></span>du taux e\ue61eectif (cf<span class=\"_ _0\"></span>. tableau ci<span class=\"ffa7a\">\u2011</span>dessus).L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo de 125\ue61fmillions de $ a \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9tendu pour une dur\u00e9e de 4 ans \u00e0 compter du 15\ue61fseptembre 2022.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>First <span class=\"_ _3\"></span>Lien, <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emprunt <span class=\"_ _3\"></span>Second <span class=\"_ _3\"></span>Lien <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>W<span class=\"_ _1\"></span>ells <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>argo sont collectivement d\u00e9sign\u00e9s comme les \u00ab\ue61fInstruments de dette\ue61f\u00bb.Les principaux termes des I<span class=\"_ _0\"></span>nstruments de dette sont d\u00e9crits ci<span class=\"ffa7a\">\u2011</span>dessous.Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-163-3": {
   "value": "1.La tr\u00e9sorerie correspond aux disponibilit\u00e9s en banque ainsi qu\u2019<span class=\"_ _1\"></span>aux d\u00e9p\u00f4ts \u00e0 vue.2.Les \u00e9quivalents de <span class=\"_ _3\"></span>tr\u00e9sorerie correspondent <span class=\"_ _3\"></span>aux placements <span class=\"_ _3\"></span>\u00e0 court <span class=\"_ _3\"></span>terme, tr\u00e8s liquides <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la maturit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>origine <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>exc\u00e8de pas <span class=\"_ _3\"></span>trois mois, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire les placements qui sont facilement convertibles en un montant connu de tr\u00e9sorerie et qui sont soumis \u00e0 un <span class=\"_ _3\"></span>risque n\u00e9gligeable de changement de valeur<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-163-5": {
   "value": "1.La tr\u00e9sorerie correspond aux disponibilit\u00e9s en banque ainsi qu\u2019<span class=\"_ _1\"></span>aux d\u00e9p\u00f4ts \u00e0 vue.2.Les \u00e9quivalents de <span class=\"_ _3\"></span>tr\u00e9sorerie correspondent <span class=\"_ _3\"></span>aux placements <span class=\"_ _3\"></span>\u00e0 court <span class=\"_ _3\"></span>terme, tr\u00e8s liquides <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la maturit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>origine <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>exc\u00e8de pas <span class=\"_ _3\"></span>trois mois, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire les placements qui sont facilement convertibles en un montant connu de tr\u00e9sorerie et qui sont soumis \u00e0 un <span class=\"_ _3\"></span>risque n\u00e9gligeable de changement de valeur<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-4": {
   "value": "Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-5": {
   "value": "Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.11.2<span class=\"_ _70\"> </span>Obligations contr<span class=\"_ _0\"></span>actuelles et engagements commerciauxLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>donne <span class=\"_ _37\"> </span>certaines <span class=\"_ _44\"> </span>garanties <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>tiers <span class=\"_ _44\"> </span>(institutions <span class=\"_ _37\"> </span>financi\u00e8res, </span>clients, <span class=\"_ _3b\"></span>partenaires <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>agences <span class=\"_ _37\"></span>gouvernementales) <span class=\"_ _37\"></span>afin <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>bonne ex\u00e9cution des obligations contractuelles prises par V<span class=\"_ _1\"></span>antiva et par <span class=\"_ _3\"></span>ses filiales consolid\u00e9es <span class=\"_ _64\"> </span>dans <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>cadre <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>ses <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>ordinaires. <span class=\"_ _64\"> </span>Ces <span class=\"_ _64\"> </span>garanties n\u2019<span class=\"_ _0\"></span>augmentent <span class=\"_ _28\"> </span>pas <span class=\"_ _6f\"> </span>les <span class=\"_ _28\"> </span>engagements <span class=\"_ _28\"> </span>du <span class=\"_ _28\"> </span>Groupe <span class=\"_ _6f\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _6f\"> </span>aux engagements <span class=\"_ _6b\"> </span>pris <span class=\"_ _6c\"> </span>initialement <span class=\"_ _6c\"> </span>par <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>entit\u00e9s <span class=\"_ _6c\"> </span>concern\u00e9es. <span class=\"_ _6b\"> </span>Ces engagements (lettres de cr\u00e9dit) r<span class=\"_ _0\"></span>epr\u00e9sentent 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 fin 2022.D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _37\"> </span>courante, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>segment <span class=\"_ _44\"> </span>Solutions <span class=\"_ _37\"> </span>logistiques peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>donner <span class=\"_\"> </span>des <span class=\"_\"> </span>garanties <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>ses <span class=\"_\"> </span>clients, <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>produits stock\u00e9s <span class=\"_ _37\"> </span>puis <span class=\"_ _44\"> </span>distribu\u00e9s, <span class=\"_ _37\"></span>contre <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>risques <span class=\"_ _44\"> </span>ou <span class=\"_ _37\"> </span>pr\u00e9judices <span class=\"_ _44\"> </span>qui <span class=\"_ _37\"> </span>peuvent <span class=\"_ _44\"> </span>\u00eatre encourus <span class=\"_ _37\"> </span>lors <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>cr\u00e9ation, <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>stockage <span class=\"_ _37\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>distribution. <span class=\"_ _37\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>telles garanties sont couvertes par des contr<span class=\"_ _0\"></span>ats d\u2019assur<span class=\"_ _0\"></span>ance.Diverses <span class=\"_\"> </span>gar<span class=\"_ _0\"></span>anties <span class=\"_ _46\"> </span>ont <span class=\"_\"> </span>\u00e9galement <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>donn\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>administrations <span class=\"_\"> </span>des douanes <span class=\"_\"> </span>afin <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>exon\u00e9rer <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>douanes <span class=\"_\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_\"> </span>op\u00e9r<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>de transit <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>entrep\u00f4ts <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>douanes <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>vue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"> </span>r\u00e9exportation, <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>des garanties <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>transit <span class=\"_ _3b\"></span>afin <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>droits <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>douanes <span class=\"_ _37\"></span>ne <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>pay\u00e9s <span class=\"_ _37\"></span>que sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>lieu <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>livraison <span class=\"_ _3b\"></span>final <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"> </span></span>d\u2018importation. <span class=\"_ _37\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces garanties <span class=\"_ _65\"> </span>bancaires <span class=\"_ _65\"> </span>co\u00efncide <span class=\"_ _66\"> </span>avec <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_ _66\"> </span>des <span class=\"_ _65\"> </span>accords <span class=\"_ _65\"> </span>douaniers renouvelables mensuellement.Les <span class=\"_ _44\"> </span>garanties <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>engagements <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>achat <span class=\"_\"> </span>re\u00e7us <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>72\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61fd\u00e9cembre 2021 sont <span class=\"_ _3\"></span>tous transf\u00e9r\u00e9s en raison de la cession <span class=\"_ _3\"></span>de Licences de Marques<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-6": {
   "value": "Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.Une <span class=\"_ _3b\"></span>provision <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>constitu\u00e9e <span class=\"_ _37\"></span>lorsque, <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a une <span class=\"_ _44\"> </span>obligation <span class=\"_ _44\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>d\u2019un <span class=\"_ _44\"> </span>\u00e9v\u00e9nement <span class=\"_ _44\"> </span>pass\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>dont <span class=\"_ _44\"> </span>il <span class=\"_ _44\"> </span>est <span class=\"_ _47\"> </span>probable qu\u2019<span class=\"_ _0\"></span>elle <span class=\"_ _44\"> </span>engendrera <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>sortie <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>ressources <span class=\"_ _44\"> </span>repr\u00e9sentative <span class=\"_ _37\"></span>d\u2019av<span class=\"_ _0\"></span>antages \u00e9conomiques futurs dont le montant peut \u00eatre estim\u00e9 de fa\u00e7on fiable<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>obligation <span class=\"_ _65\"> </span>peut <span class=\"_ _64\"> </span>d\u00e9couler <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _65\"> </span>contrat, <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>dispositions <span class=\"_ _64\"> </span>l\u00e9gales <span class=\"_ _65\"> </span>ou r\u00e9glementaires<span class=\"_ _0\"></span>, <span class=\"_ _44\"></span>ou <span class=\"_ _37\"></span>encore <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>implicite <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"></span>lors <span class=\"_ _37\"></span>que, <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>pratiques pass\u00e9es, <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>politique <span class=\"_ _64\"> </span>a\ue61ech\u00e9e <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>d\u00e9claration <span class=\"_ _65\"> </span>r\u00e9cente su\ue61esamment <span class=\"_ _46\"> </span>explicite, <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Groupe <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>cr\u00e9\u00e9 <span class=\"_ _46\"> </span>chez <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>tiers <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>attente fond\u00e9e qu\u2019il assumera ce passif<span class=\"_ _1\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>provision <span class=\"_ _3\"></span>repr\u00e9sente la <span class=\"_ _3b\"></span>meilleure <span class=\"_ _3\"></span>estimation </span>de la d\u00e9pense <span class=\"_ _3\"></span>n\u00e9cessaire \u00e0 l\u2019<span class=\"_ _0\"></span>extinction de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>obligation actuelle \u00e0 <span class=\"_ _3\"></span>la date de cl\u00f4ture<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Si le montant de l\u2019<span class=\"_ _0\"></span>obligation ne peut <span class=\"_ _3\"></span>\u00eatre \u00e9valu\u00e9 avec une fiabilit\u00e9 su\ue61esante, <span class=\"_ _3\"></span>aucune <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _3b\"></span>mais <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>description <span class=\"_ _3b\"></span>de cette obligation <span class=\"_ _3\"></span>est pr\u00e9sent\u00e9e dans <span class=\"_ _3\"></span>les notes <span class=\"_ _3\"></span>annexes aux <span class=\"_ _3\"></span>\u00e9tats financiers consolid\u00e9s.Si <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _60\"> </span>est <span class=\"_ _61\"> </span>significatif<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>montant <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>provision comptabilis\u00e9e <span class=\"_\"> </span>correspond <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_\"> </span>actualis\u00e9e <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>d\u00e9penses <span class=\"_\"> </span>que <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _6c\"> </span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _6c\"> </span>\u00e0 <span class=\"_ _2a\"> </span>devoir <span class=\"_ _6c\"> </span>encourir <span class=\"_ _2a\"> </span>pour <span class=\"_ _6c\"> </span>\u00e9teindre <span class=\"_ _6c\"> </span>l\u2019obligation correspondante<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Cette <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>avant <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _37\"></span>re\ufb02\u00e9tant <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>temps <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _0\"></span>argent. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9sactualisation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>enregistr<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61bAutres <span class=\"_ _3b\"></span>produits (charges) financiers nets\ue61b\u00bb.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"ls0 ws0\">jugement de la Direction est requis pour l\u2019<span class=\"_ _1\"></span>analyse des risques et litiges, </span>y <span class=\"_ _37\"></span>compris <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>probabilit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>d\u00e9nouements <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>litiges <span class=\"_ _37\"></span>en cours <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>venir<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>sont, <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>nature, <span class=\"_\"> </span>d\u00e9pendants <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9v\u00e9nements futurs <span class=\"_ _65\"> </span>n\u00e9cessair<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>incertains. <span class=\"_ _64\"> </span>P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>d\u00e9nouements possibles <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>litiges <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>fiscaux <span class=\"_ _61\"> </span>etc<span class=\"_ _3\"></span>., <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Direction <span class=\"_ _61\"> </span>s\u2019<span class=\"_ _0\"></span>appuie <span class=\"_ _61\"> </span>sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation r\u00e9alis\u00e9e <span class=\"_ _3\"></span>par des <span class=\"_ _3\"></span>conseils externes <span class=\"_ _3\"></span>connaissant <span class=\"_ _3\"></span>chaque dossier<span class=\"_ _0\"></span>, ainsi que sur les jurisprudences connues.Pro<span class=\"_ _0\"></span>visions pour restructurationLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>comptabilise <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _37\"></span>de </span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3b\"></span>lors <span class=\"_ _3b\"></span>qu\u2019il <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>obligation <span class=\"_ _3b\"></span>implicite <span class=\"_ _37\"></span>vis-\u00e0-vis <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tiers, <span class=\"_ _3b\"></span>ayant pour <span class=\"_ _61\"> </span>origine <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe <span class=\"_ _61\"> </span>mat\u00e9rialis\u00e9e <span class=\"_ _61\"> </span>avant <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de cl\u00f4ture par\ue61b:\u2022l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>plan <span class=\"_ _3b\"></span>d\u00e9taill\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>formalis\u00e9 <span class=\"_ _3\"></span>pr\u00e9cisant <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>sites <span class=\"_ _3b\"></span>concern\u00e9s, la <span class=\"_ _44\"> </span>localisation, <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>approximatif <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>personnes concern\u00e9es, la <span class=\"_ _3b\"></span>nature des <span class=\"_ _3b\"></span>d\u00e9penses <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>seront <span class=\"_ _3\"></span>engag\u00e9es <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de mise en \u0153uvre du plan\ue61b; et\u2022l\u2019<span class=\"_ _0\"></span>annonce de ce plan aux tiers concern\u00e9s par celui<span class=\"ffb4f\">\u2011</span>ci.La provision n\u2019inclut que les d\u00e9penses directement li\u00e9es au plan.10.2<span class=\"_ _4d\"> </span>Risques et litigesGRI<span class=\"ffb55 fc1 ls4b ws4b\"> [2</span>\u201125 Processus de r<span class=\"_ _0\"></span>em\u00e9diation des impacts n\u00e9gatifs] [2\u201127 Conformit\u00e9 aux l\u00e9gislations e<span class=\"_ _0\"></span>t aux r\u00e9glementations]D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>courante, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>f<span class=\"_ _0\"></span>aire <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_\"> </span>de proc\u00e9dures <span class=\"_ _3b\"></span>judiciaires <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>contr\u00f4les <span class=\"_ _3b\"></span>fiscaux, <span class=\"_ _37\"></span>douaniers <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>administratifs. Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe enregistre une provision <span class=\"_ _3\"></span>chaque fois <span class=\"_ _3\"></span>qu\u2019un risque <span class=\"_ _3\"></span>constitue une </span>obligation <span class=\"_ _61\"> </span>vis-\u00e0-vis <span class=\"_ _61\"> </span>d\u2019un <span class=\"_ _60\"> </span>tiers <span class=\"_ _61\"> </span>dont <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>passif <span class=\"_ _61\"> </span>potentiel <span class=\"_ _60\"> </span>susceptible <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>en r\u00e9sulter <span class=\"_ _3\"></span>peut <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>estim\u00e9 <span class=\"_ _3b\"></span>avec <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>pr\u00e9cision <span class=\"_ _3\"></span>su\ue61esante. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>proc\u00e9dures <span class=\"_ _3b\"></span>en cours les plus significatives sont les suivantes\ue61d:Proc\u00e9dur<span class=\"_ _0\"></span>e fiscale au Br\u00e9silLes <span class=\"_\"> </span>autorit\u00e9s <span class=\"_ _44\"> </span>fiscales <span class=\"_\"> </span>Br\u00e9siliennes <span class=\"_\"> </span>ont <span class=\"_\"> </span>notifi\u00e9 <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Br<span class=\"_ _0\"></span>asil <span class=\"_\"> </span>Midia <span class=\"_\"> </span>E Entr<span class=\"_ _0\"></span>etenimento <span class=\"_ _44\"> </span>L<span class=\"_ _1\"></span>TD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>un <span class=\"_ _44\"></span>redr<span class=\"_ _0\"></span>essement <span class=\"_ _44\"> </span>fiscal <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>exercices <span class=\"_ _44\"></span>2014 <span class=\"_ _37\"></span>et 2015. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conteste <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>totalit\u00e9 <span class=\"_\"> </span>du <span class=\"_\"> </span>redressement <span class=\"_ _44\"> </span>devant <span class=\"_\"> </span>les <span class=\"_\"> </span>tribunaux comp\u00e9tents <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>eu <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>favorable <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cour <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>premi\u00e8re <span class=\"_ _3\"></span>instance. La <span class=\"_ _3b\"></span>Receita <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>ederal <span class=\"_ _3b\"></span>Brasil <span class=\"_ _3b\"></span>(autorit\u00e9 <span class=\"_ _3b\"></span>fiscale <span class=\"_ _3b\"></span>f\u00e9d\u00e9rale) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>fait <span class=\"_ _3b\"></span>appel <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva est en attente du jugement de cet appel.Association des anciens salari\u00e9s de RCA du Comt\u00e9 de T<span class=\"_ _49\"></span>aoyuanV<span class=\"_ _1\"></span>antiva, certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>lectric <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>poursuivis <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>une association <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>(ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>ayants<span class=\"ffb56\">\u2011</span>droits <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s) <span class=\"_ _44\"> </span>d\u2019une ancienne <span class=\"_ _65\"> </span>usine <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT<span class=\"_ _3\"></span>). <span class=\"_ _65\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>association <span class=\"_ _65\"> </span>soutient <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les plaignants <span class=\"_ _46\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>expos\u00e9s <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _61\"> </span>contaminants <span class=\"_ _46\"> </span>lorsqu\u2019ils <span class=\"_ _61\"> </span>vivaient <span class=\"_ _46\"> </span>et travaillaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019usine, <span class=\"_ _46\"> </span>ce <span class=\"_ _61\"> </span>qui <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>eux <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>caus\u00e9 <span class=\"_ _61\"> </span>diverses <span class=\"_ _46\"> </span>maladies, notamment des <span class=\"_ _3\"></span>cancers, ou a g\u00e9n\u00e9r\u00e9 <span class=\"_ _3\"></span>un stress \u00e9motionnel <span class=\"_ _3\"></span>li\u00e9 \u00e0 la <span class=\"_ _3\"></span>peur que leur <span class=\"_ _44\"></span>travail <span class=\"_ _37\"></span>et <span class=\"_ _44\"></span>leurs <span class=\"_ _37\"></span>conditions <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>vie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>l\u2019usine <span class=\"_ _37\"></span>n\u2019augmentent <span class=\"_ _37\"></span>le <span class=\"_ _44\"> </span>risque <span class=\"_ _37\"></span>de maladie.Apr\u00e8s <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>tribunal <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>appel <span class=\"_ _3b\"></span>devant <span class=\"_ _3b\"></span>la Haute <span class=\"_\"> </span>Cour <span class=\"_\"> </span>taiwanaise <span class=\"_ _46\"> </span>(premi\u00e8re <span class=\"_\"> </span>Cour <span class=\"_\"> </span>d\u2019appel), <span class=\"_\"> </span>la <span class=\"_\"> </span>Cour <span class=\"_ _46\"> </span>Supr\u00eame <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>aiwan, en ao\u00fbt\ue61d2018\ue61d:(i)a <span class=\"_ _60\"> </span>confirm\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _61\"> </span>Cour <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>aiwanaise <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>accorder 518\ue61dmillions <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>NTD <span class=\"_\"> </span>(15,8\ue61dmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>change <span class=\"_ _61\"> </span>en vigueur <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _60\"> </span>2022) <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>dommages <span class=\"_ _64\"> </span>et <span class=\"_ _61\"> </span>int\u00e9r\u00eats <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>260 plaignants\ue61d;(ii)a <span class=\"_ _3\"></span>cass\u00e9 <span class=\"_ _3\"></span>la d\u00e9cision <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demande <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>246 plaignants et <span class=\"_ _64\"> </span>renvoy\u00e9 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>affaire <span class=\"_ _64\"> </span>devant <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _64\"> </span>Cour <span class=\"_ _64\"> </span>taiwanaise <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>ces plaignants.General <span class=\"_ _44\"> </span>Electric <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>vers\u00e9 <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>T<span class=\"_ _f\"></span>ribunal <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>montant <span class=\"_ _47\"> </span>total <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>d\u00e9cision <span class=\"_\"> </span>en d\u00e9cembre\ue61d2019<span class=\"_ _0\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">5\ue61dmars 2020, la <span class=\"_ _3\"></span>Haute Cour taiwanaise <span class=\"_ _3\"></span>a statu\u00e9 <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>demande des <span class=\"_ _3\"></span>246 </span>plaignants <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>accord\u00e9 <span class=\"_ _37\"></span>54,7\ue61dmillions <span class=\"_ _37\"></span>NTD <span class=\"_ _44\"></span>(1,6\ue61dmillion <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"></span>au <span class=\"_ _3b\"></span>taux <span class=\"_ _44\"></span>de change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dommages <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>int\u00e9r\u00eats. Cette d\u00e9cision est en appel devant la Cour Supr<span class=\"_ _0\"></span>\u00eame de T<span class=\"_ _f\"></span>aiwan.En <span class=\"_ _61\"> </span>2016, <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>engag\u00e9 <span class=\"_ _61\"> </span>un <span class=\"_ _46\"> </span>nouveau <span class=\"_ _61\"> </span>proc\u00e8s <span class=\"_ _61\"> </span>contre <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>et certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Electric <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>nom <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nouveaux <span class=\"_ _3\"></span>membres<span class=\"_ _0\"></span>, faisant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>all\u00e9gations <span class=\"_\"> </span>pratiquement <span class=\"_\"> </span>identiques <span class=\"_ _47\"> </span>\u00e0 <span class=\"_\"> </span>celles <span class=\"_ _44\"> </span>port\u00e9es <span class=\"_\"> </span>lors <span class=\"_\"> </span>du premier <span class=\"_ _44\"></span>proc\u00e8s<span class=\"_ _0\"></span>. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>tribunal <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>aipei <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>d\u00e9lib\u00e9r\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>27\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2019 <span class=\"_ _44\"> </span>et accord\u00e9 environ 2,3\ue61dmilliards de NTD (<span class=\"_ _3\"></span>70\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 taux de change en <span class=\"_ _3b\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>int\u00e9r\u00eats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>retard. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _6c\"> </span>General <span class=\"_ _6b\"> </span>Electric <span class=\"_ _6c\"> </span>sont <span class=\"_ _6c\"> </span>tenus <span class=\"_ _6b\"> </span>conjointement <span class=\"_ _6c\"> </span>et <span class=\"_ _6c\"> </span>solidairement responsables<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>a <span class=\"_ _61\"> </span>interjet\u00e9 <span class=\"_ _46\"> </span>appel <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_ _46\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>la Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>ta\u00efwanaise en <span class=\"_ _3b\"></span>janvier\ue61d2020 et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61davril <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>a rendu un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>1,667\ue61dmilliard de <span class=\"_ _3\"></span>NTD <span class=\"_ _3\"></span>(51\ue61dmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>au taux de <span class=\"_ _3\"></span>change au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) pour <span class=\"_ _3\"></span>1\ue61d112 <span class=\"_ _3\"></span>plaintes. Cette <span class=\"_ _3\"></span>d\u00e9cision <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>en appel <span class=\"_ _3\"></span>devant <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>supr\u00eame <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>raison <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>saisie <span class=\"_ _3b\"></span>e\ue61cectu\u00e9e par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>certains <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>GE, <span class=\"_ _3\"></span>GE <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>d\u00e9pos\u00e9 <span class=\"_ _3\"></span>aupr\u00e8s <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>tribunal de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>a\u00efwan <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>garantie <span class=\"_ _3b\"></span>bancaire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>3\ue61dmilliards <span class=\"_ _3b\"></span>NTD <span class=\"_ _37\"></span>(91,7\ue61dmillions <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os au taux de change du 31\ue61dd\u00e9cembre 2022).V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>et <span class=\"_ _44\"></span>ses <span class=\"_ _37\"></span>filiales <span class=\"_ _37\"></span>a\ue61erment, <span class=\"_ _37\"></span>entre <span class=\"_ _37\"></span>autres, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>T<span class=\"_ _0\"></span>CETVT <span class=\"_ _44\"></span>a <span class=\"_ _37\"></span>exerc\u00e9 <span class=\"_ _3b\"></span>son activit\u00e9 <span class=\"_ _61\"> </span>moins <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>quatre <span class=\"_ _61\"> </span>ann\u00e9es <span class=\"_ _61\"> </span>apr\u00e8s <span class=\"_ _61\"> </span>son <span class=\"_ _60\"> </span>rachat <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>General Electric, <span class=\"_ _3b\"></span>tandis <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>General <span class=\"_ _3b\"></span>Electric <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>son <span class=\"_ _3b\"></span>pr\u00e9d\u00e9cesseur <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charge <span class=\"_ _3b\"></span>RCA Corporation, <span class=\"_\"> </span>ont <span class=\"_ _47\"> </span>poss\u00e9d\u00e9 <span class=\"_\"> </span>et <span class=\"_\"> </span>exploit\u00e9 <span class=\"_\"> </span>T<span class=\"_ _1\"></span>CETVT <span class=\"_\"> </span>pendant <span class=\"_\"> </span>une <span class=\"_\"> </span>vingtaine d\u2019<span class=\"_ _0\"></span>ann\u00e9es.D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>l\u2019hypoth\u00e8se <span class=\"_ _37\"></span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>l\u2019une <span class=\"_\"> </span>de <span class=\"_ _44\"></span>ses <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>serait <span class=\"_ _44\"> </span>finalement tenu <span class=\"_ _3\"></span>responsable ou <span class=\"_ _3\"></span>r\u00e8glerait <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>litige, les <span class=\"_ _3\"></span>montants <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>av\u00e9rer <span class=\"_ _3\"></span>\u00eatre \u00e9lev\u00e9s. <span class=\"_\"> </span><span class=\"ls4 ws4\">Il <span class=\"_\"> </span></span>y <span class=\"_\"> </span>a <span class=\"_\"> </span>actuellement <span class=\"_\"> </span>trop <span class=\"_\"> </span>d\u2019incertitudes <span class=\"_ _46\"> </span>pour <span class=\"_ _46\"> </span>\u00e9valuer <span class=\"_\"> </span>de <span class=\"_\"> </span>mani\u00e8re pr\u00e9cise le <span class=\"_ _3\"></span>montant que <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva ou l\u2019une <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>devrait r\u00e9gler dans <span class=\"_ _3\"></span>le cadre de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>proc\u00e9dures. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dispose <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rents moyens afin de <span class=\"_ _3\"></span>r\u00e9duire tout <span class=\"_ _3\"></span>risque, y compris <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>dommages et <span class=\"_ _3\"></span>int\u00e9r\u00eats qui <span class=\"_ _3\"></span>seraient dus par General E<span class=\"_ _0\"></span>lectric et autres.Enqu\u00eates et pr<span class=\"_ _0\"></span>oc\u00e8s dans l\u2019<span class=\"_ _0\"></span>affaire T<span class=\"_ _49\"></span>ubes cathodiques\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb56\">\u2011</span>UnisEn <span class=\"_ _44\"></span><span class=\"ls0 ws0\">septembre\ue61d2019<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>parties <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>d\u00e9fense <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>conclu <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>amendements </span>aux <span class=\"_ _6f\"> </span>accords <span class=\"_ _4c\"> </span>transactionnels <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>certaines <span class=\"_ _4c\"> </span>associations <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>acheteurs indirects<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"></span>lesquels <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>associations <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>accept\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>restituer <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>part r\u00e9duite <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>parties <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>d\u00e9fense, <span class=\"_ _3\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, avec <span class=\"_ _37\"></span>exclusion <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>demandeurs <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>neuf <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>am\u00e9ricains <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ces <span class=\"_ _44\"> </span>accords transactionnels amend\u00e9s<span class=\"_ _0\"></span>.\ue61dAlors que les accords transactionnels amend\u00e9s ont re\u00e7u l\u2019<span class=\"_ _1\"></span>approbation finale du <span class=\"_ _3\"></span>\u00ab\ue61dUS <span class=\"_ _3b\"></span>District <span class=\"_ _3\"></span>Court\ue61d\u00bb, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>associations <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acheteurs <span class=\"_ _3b\"></span>indirects <span class=\"_ _3\"></span>exclues <span class=\"_ _3\"></span>(les \u00e9tats <span class=\"_ _37\"></span>dits <span class=\"_ _37\"></span>Omitted <span class=\"_ _37\"></span>Repealer <span class=\"_ _37\"></span>(\u00ab\ue61dORS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Non<span class=\"_ _3\"></span></span><span class=\"ffb56\">\u2011</span>Repealer <span class=\"_ _3b\"></span>(\u00ab\ue61dNRS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>ont fait <span class=\"_\"> </span>appel <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision, <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>que <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dUS <span class=\"_ _46\"> </span>District Court\ue61d\u00bb <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>rejeter <span class=\"_ _66\"> </span>leurs <span class=\"_ _6f\"> </span>demandes <span class=\"_ _4c\"> </span>d\u2019intervenir <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>proc\u00e9dure d\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>r\u00e8glement <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>litige <span class=\"_ _44\"> </span>multidistrict, <span class=\"_ _44\"> </span>devant <span class=\"_ _44\"></span>la <span class=\"_ _44\"></span>cour d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _46\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dNinth <span class=\"_ _46\"> </span>Circuit\ue61d\u00bb. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>22\ue61dseptembre <span class=\"_ _46\"> </span>2021, <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>Ninth <span class=\"_\"> </span>Circuit <span class=\"_ _46\"> </span>a confirm\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>d\u00e9cisions <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>District <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>ourt <span class=\"_ _65\"> </span>concernant <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>accords transactionnels <span class=\"_ _3\"></span>amend\u00e9s. <span class=\"_ _3\"></span><span class=\"ls69 ws69\">Et<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>le <span class=\"_ _3b\"></span>23\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Ninth <span class=\"_ _3\"></span>Circuit <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>rejet\u00e9 les <span class=\"_ _37\"></span>requ\u00eates <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>classes <span class=\"_ _37\"></span>ORS <span class=\"_ _44\"></span>et <span class=\"_ _3b\"></span>NRS <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>nouvelle <span class=\"_ _37\"></span>audition <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une nouvelle <span class=\"_ _3\"></span>audition <span class=\"_ _3b\"></span>\u00ab\ue61den <span class=\"_ _3b\"></span>banc\ue61d\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>classes <span class=\"_ _3b\"></span>ORS <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>NRS <span class=\"_ _3b\"></span>ont <span class=\"_ _3b\"></span>demand\u00e9 <span class=\"_ _3\"></span>une certiorari/r\u00e9vision <span class=\"_\"> </span>par <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Cour <span class=\"_\"> </span>supr\u00eame <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>\u00c9tats<span class=\"ffb56\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>refus\u00e9 <span class=\"_ _61\"> </span>la certiorari/r\u00e9vision <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>13\ue61djuin <span class=\"_ _37\"></span>2022. <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>n\u2019est <span class=\"_ _3b\"></span>maintenant <span class=\"_ _3b\"></span>techniquement plus <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les a\ue61caires <span class=\"_ _3\"></span>CRT<span class=\"_ _f\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>16\ue61dseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cependant, <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>motion visant <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>modifier <span class=\"_ _64\"> </span>une <span class=\"_ _60\"> </span>plainte <span class=\"_ _60\"> </span>collective <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>acheteurs <span class=\"_ _64\"> </span>indirects <span class=\"_ _61\"> </span>d\u00e9pos\u00e9e pr\u00e9c\u00e9demment a \u00e9t\u00e9 d\u00e9pos\u00e9e dans <span class=\"_ _3\"></span>le tribunal de district MDL <span class=\"_ _3\"></span>au nom des membres <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>classe <span class=\"_\"> </span>repr\u00e9sentant <span class=\"_\"> </span>plusieurs <span class=\"_\"> </span>\u00c9tats<span class=\"_ _0\"></span>. <span class=\"_\"> </span>La <span class=\"_\"> </span>plainte <span class=\"_ _46\"> </span>modifi\u00e9e propos\u00e9e <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>nomme <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tant <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>d\u00e9fendeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>all\u00e8gue <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>se <span class=\"_ _3\"></span>r\u00e9serve <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>droit <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>modifier <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>nouveau <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>plainte <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir <span class=\"_ _3\"></span>et de <span class=\"_ _61\"> </span>nommer <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>tant <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>d\u00e9fendeur<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>d\u00e9fendeurs <span class=\"_ _61\"> </span>qui <span class=\"_ _60\"> </span>sont nomm\u00e9s <span class=\"_ _3b\"></span>dans <span class=\"_ _37\"></span>cette <span class=\"_ _3b\"></span>proposition <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>plainte <span class=\"_ _3b\"></span>modifi\u00e9e <span class=\"_ _37\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>oppos\u00e9s <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la motion. <span class=\"ls4 ws4\">Le </span>District Court n\u2019<span class=\"_ _1\"></span>a pas encore statu\u00e9 sur cette question.Eur<span class=\"_ _0\"></span>opeDepuis <span class=\"_ _61\"> </span>2014, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>se <span class=\"_ _60\"> </span>d\u00e9fend <span class=\"_ _64\"> </span>\u00e9galement <span class=\"_ _60\"> </span>avec <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>d\u00e9fendeurs (Samsung, <span class=\"_ _60\"> </span><span class=\"ls7a ws7a\">LG<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>Philips, <span class=\"_ _60\"> </span><span class=\"ffb5d ls4 ws4\">etc.<span class=\"_ _3\"></span></span>), <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>plusieurs <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>justice <span class=\"_ _60\"> </span>devant diverses <span class=\"_ _3b\"></span>juridictions <span class=\"_ _37\"></span>nationales <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"></span></span>europ\u00e9ens. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>s\u2019agit <span class=\"_ _3b\"></span>principalement d\u2019<span class=\"_ _0\"></span>all\u00e9gation de pratiques anticoncurrentielles dans <span class=\"_ _3\"></span>l\u2019industrie des CRT dans le <span class=\"_ _3\"></span>sillage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Commission <span class=\"_ _3\"></span>Europ\u00e9enne <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2012 en <span class=\"_ _65\"> </span>vertu <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>laquelle <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>a <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>condamn\u00e9 <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>amende <span class=\"_ _66\"> </span>de 38,6\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>r\u00e9sultant <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>d\u2019entente<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>litiges <span class=\"_ _3b\"></span>toujours <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours sont les suivants<span class=\"_ _0\"></span>.Aux <span class=\"_ _37\"></span><span class=\"ls3 ws3\">Pa<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas, <span class=\"_ _37\"></span>une <span class=\"_ _44\"> </span>proc\u00e9dure <span class=\"_ _37\"></span>judiciaire <span class=\"_ _44\"></span>engag\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>V<span class=\"_ _f\"></span>estel, <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>fabricant turc <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>t\u00e9l\u00e9viseurs, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vertu <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3b\"></span>turque <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>toujours <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours. <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>estel <span class=\"_ _3\"></span>a \u00e9galement <span class=\"_ _61\"> </span>intent\u00e9 <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>poursuites <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>urquie, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>rejet\u00e9es <span class=\"_ _61\"> </span>en premi\u00e8re <span class=\"_ _44\"> </span>instance <span class=\"_\"> </span>puis <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>cour <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _44\"> </span>r\u00e9gionale <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9cembre\ue61f2020 ainsi <span class=\"_ _3\"></span>qu\u2019<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>f\u00e9vrier\ue61f2021. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>estel <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>port\u00e9 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>devant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>Supr\u00eame \u00e0 l\u2019<span class=\"_ _0\"></span>encontre de cette d\u00e9cision ayant rejet\u00e9 sa demande de f<span class=\"_ _0\"></span>aire appel.\u00c0 <span class=\"_ _3\"></span>ce <span class=\"_ _3b\"></span>stade, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>mesure <span class=\"_ _3\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluer <span class=\"_ _3b\"></span>l\u2019issue <span class=\"_ _3\"></span>\u00e9ventuelle <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces a\ue61eaires <span class=\"_ _3\"></span>ni <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>risques <span class=\"_ _3\"></span>encourus <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>raison <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>complexit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>proc\u00e9dures<span class=\"_ _0\"></span>. Selon <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>juridictions, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>d\u00e9cisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>responsabilit\u00e9 <span class=\"_ _3\"></span>puis, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>\u00e9ch\u00e9ant sur <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>dommages <span class=\"_\"> </span>ne <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>attendues <span class=\"_ _44\"> </span>avant <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>premier trimestre 2023.V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>se <span class=\"_ _61\"> </span>d\u00e9fendait <span class=\"_ _61\"> </span>\u00e9galement <span class=\"_ _61\"> </span>(i) <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>a\ue61eaire <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>Roy<span class=\"_ _0\"></span>aume<span class=\"ffb5e\">\u2011</span>Uni contre <span class=\"_ _44\"> </span>Arcelik, <span class=\"_ _44\"></span>un <span class=\"_ _44\"> </span>fabricant <span class=\"_ _44\"></span>turc, <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>transig\u00e9e <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>f\u00e9vrier\ue61f2020, <span class=\"_ _47\"> </span>(ii) deux <span class=\"_ _65\"> </span>litiges <span class=\"_ _65\"> </span>contre <span class=\"_ _65\"> </span>trois <span class=\"_ _65\"> </span>anciens <span class=\"_ _64\"> </span>fabricants <span class=\"_ _65\"> </span>allemands <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>t\u00e9l\u00e9viseurs (<span class=\"_ _0\"></span>Grundig <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>Loewe/Metz) en <span class=\"_ _3\"></span>vertu <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>droit allemand <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 transig\u00e9s en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2020, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(iii) <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>litiges <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span><span class=\"ls3 ws3\">Pay<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas <span class=\"_ _3b\"></span>contre <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>fabricants br\u00e9siliens <span class=\"_ _6c\"> </span>de <span class=\"_ _1c7\"> </span>t\u00e9l\u00e9viseurs <span class=\"_ _2a\"> </span>qui <span class=\"_ _2a\"> </span>ont <span class=\"_ _1c7\"> </span>\u00e9t\u00e9 <span class=\"_ _2a\"> </span>\u00e9galement <span class=\"_ _2a\"> </span>transig\u00e9s <span class=\"_ _2a\"> </span>en novembre\ue61f2021.Questions environnementalesCertains sites actuels et pass\u00e9s de fabrication du Gr<span class=\"_ _0\"></span>oupe ont un long pass\u00e9 industriel. Les <span class=\"_ _3\"></span>contaminations des <span class=\"_ _3\"></span>sols <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>eaux <span class=\"_ _3\"></span>souterraines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>se sont d\u00e9j\u00e0 produites <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>quelques sites, <span class=\"_ _3\"></span>pourraient se <span class=\"_ _3\"></span>produire \u00e0 <span class=\"_ _3\"></span>nouveau ou <span class=\"_ _3\"></span>\u00eatre d\u00e9couvertes <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir<span class=\"_ _1\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>rejets <span class=\"_ _3\"></span>industriels <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>que V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cr\u00e9\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>acquis <span class=\"_ _3b\"></span>exposent <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pollution. Le <span class=\"ls0 ws0\">Groupe a <span class=\"_ _3\"></span>identifi\u00e9 certains sites <span class=\"_ _3\"></span>dont la contamination chimique <span class=\"_ _3\"></span>a exig\u00e9 </span>ou <span class=\"ls4 ws4\">va </span>exiger la mise en \u0153uvre de mesures de d\u00e9pollution.Une <span class=\"_ _44\"> </span>contamination <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>sol <span class=\"_ _47\"> </span>et <span class=\"_ _44\"></span>des <span class=\"_ _44\"> </span>eaux <span class=\"_ _44\"> </span>souterraines <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>d\u00e9tect\u00e9e <span class=\"_ _44\"> </span>pr\u00e8s d\u2019un <span class=\"_ _44\"> </span>ancien <span class=\"_ _47\"> </span>site <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>fabrication, <span class=\"_ _44\"> </span>situ\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"></span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _44\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan) <span class=\"_ _44\"> </span>acquis <span class=\"_\"> </span>en\ue61f1987 dans le cadre d\u2019une op\u00e9ration entre Gener<span class=\"_ _0\"></span>al Electric (<span class=\"_ _0\"></span>GE) et <span class=\"_ _3\"></span>le Groupe<span class=\"_ _0\"></span>. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>1992, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>site <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>un promoteur <span class=\"_ _3b\"></span>local. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>d\u00e9pollution <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>sol <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 achev\u00e9e <span class=\"_ _2a\"> </span>en\ue61f1998. <span class=\"_ _1c7\"> </span>En\ue61f2002, <span class=\"_ _2a\"> </span>l\u2019<span class=\"_ _1\"></span>Agence <span class=\"_ _2a\"> </span>Locale <span class=\"_ _2a\"> </span>de <span class=\"_ _1c7\"> </span>Protection <span class=\"_ _2a\"> </span>de l\u2019Envir<span class=\"_ _0\"></span>onnement <span class=\"_ _61\"> </span>(\u00ab\ue61fALPE\ue61f\u00bb) <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>ordonn\u00e9 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>d\u00e9pollution <span class=\"_ _61\"> </span>des nappes <span class=\"_ _60\"> </span>phr\u00e9atiques <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ancien <span class=\"_ _64\"> </span>site<span class=\"_ _0\"></span>. <span class=\"_ _64\"> </span>Les <span class=\"_ _61\"> </span>travaux <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>satisfaire <span class=\"_ _60\"> </span>cette demande sont <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>ALPE <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT poursuivent <span class=\"_ _3\"></span>leurs <span class=\"_ _3\"></span>discussions sur <span class=\"_ _37\"></span>le <span class=\"_ _44\"></span>p\u00e9rim\u00e8tre <span class=\"_ _3b\"></span>des <span class=\"_ _44\"> </span>travaux <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _44\"> </span>engager<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>trouv\u00e9 <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>accord <span class=\"_ _37\"></span>avec GE <span class=\"_\"> </span>pour <span class=\"_\"> </span>se <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9partir <span class=\"_\"> </span>la <span class=\"_\"> </span>prise <span class=\"_\"> </span>en <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ge <span class=\"_\"> </span>des <span class=\"_\"> </span>travaux <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pollution <span class=\"_\"> </span>des nappes phr\u00e9atiques<span class=\"_ _0\"></span>.De <span class=\"_ _3\"></span><span class=\"ls0 ws0\">m\u00eame, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>vend ou <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vendu <span class=\"_ _3\"></span>dans le <span class=\"_ _3\"></span>pass\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>produits qui <span class=\"_ _3\"></span>sont </span>soumis <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>contraintes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recyclage, et, <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des changements <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9glementation <span class=\"_\"> </span>en <span class=\"_ _44\"></span>mati\u00e8re <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>recyclage <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>divers pays.Le <span class=\"_ _66\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _65\"> </span>estime <span class=\"_ _65\"> </span>que <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>montants <span class=\"_ _65\"> </span>provisionn\u00e9s <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>les <span class=\"_ _65\"> </span>garanties </span>contractuelles <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>il <span class=\"_ _37\"></span>dispose <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>contrats <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>de certains <span class=\"_ _64\"> </span>actifs <span class=\"_ _65\"> </span>industriels <span class=\"_ _64\"> </span>permettront <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>couvrir <span class=\"_ _64\"> </span>raisonnablement <span class=\"_ _65\"> </span>les obligations <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>s\u00e9curit\u00e9, <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>sant\u00e9 <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>environnement. <span class=\"_ _61\"> </span>Cependant, <span class=\"_ _61\"> </span>les probl\u00e8mes <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>pr\u00e9vus <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>certitude <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est pas <span class=\"_ _61\"> </span>possible <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>dire <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>montants <span class=\"_ _61\"> </span>provisionn\u00e9s <span class=\"_ _61\"> </span>seront <span class=\"_ _61\"> </span>parfaitement adapt\u00e9s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-7": {
   "value": "Les <span class=\"_ _37\"></span>emprunts <span class=\"_ _37\"> </span>First <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>Second <span class=\"_ _37\"> </span>Lien <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>re\u00e7u <span class=\"_ _37\"> </span>principalement <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>garanties suivantes\ue61f:\u2022un nantissement des titres Gallo 8 et T<span class=\"_ _23\"></span>echnicolor Brasil\ue61f;\u2022une fiducie portant la participation r\u00e9siduelle du Groupe dans T<span class=\"_ _1\"></span>CS\ue61f;\u2022les nantissements des comptes bancaires de V<span class=\"_ _f\"></span>antiva\ue61f;\u2022les nantissements des cr\u00e9ances intragroupe de V<span class=\"_ _f\"></span>antiva.Les filiales suivantes sont gar<span class=\"_ _0\"></span>antes des emprunts\ue61f:\u2022Gallo 8\ue61f;\u2022T<span class=\"_ _23\"></span>echnicolor Delivery T<span class=\"_ _23\"></span>echnologies Canada Inc\ue61f;\u2022les <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>am\u00e9ricaines <span class=\"_ _47\"> </span>parties <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _44\"> </span>W<span class=\"_ _0\"></span>ells <span class=\"_ _44\"> </span>F<span class=\"_ _0\"></span>argo <span class=\"_ _44\"> </span>ont <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>une garantie subordonn\u00e9e et non<span class=\"ffa7a\">\u2011</span>s\u00e9curis\u00e9e<span class=\"_ _0\"></span>.Accord W<span class=\"_ _1\"></span>ells F<span class=\"_ _0\"></span>argo (<span class=\"_ _3\"></span>WF<span class=\"_ _3\"></span>)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Accord <span class=\"_ _61\"> </span>WF <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>garanti <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>un <span class=\"_ _61\"> </span>nantissement <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>premier <span class=\"_ _61\"> </span>rang <span class=\"_ _46\"> </span>sur <span class=\"_ _61\"> </span>la plupart <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>stocks <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>soci\u00e9t\u00e9s <span class=\"_ _3b\"></span>am\u00e9ricaines du Groupe<span class=\"_ _0\"></span>.Paiements anticip\u00e9s obligatoir<span class=\"_ _0\"></span>es et volontairesEn <span class=\"_ _3\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>changement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>contr\u00f4le <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>antiva, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>cr\u00e9anciers </span>auront <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>possibilit\u00e9 <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exiger <span class=\"_ _3\"></span>imm\u00e9diatement <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>paiement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>tout <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>partie des en<span class=\"ffa7a\">\u2011</span>cours.Jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _62\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _62\"> </span>2022, <span class=\"_ _62\"> </span>75\ue61f% <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>produits <span class=\"_ _62\"> </span>de <span class=\"_ _63\"> </span>cession <span class=\"_ _62\"> </span>nets non<span class=\"ffa7a\">\u2011</span>ordinaires doivent <span class=\"_ _3\"></span>\u00eatre <span class=\"_ _3\"></span>a\ue61eect\u00e9s au <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>First et Second <span class=\"_\"> </span>Lien <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>possibilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>garder <span class=\"_\"> </span>jusqu\u2019<span class=\"_ _1\"></span>\u00e0 <span class=\"_\"> </span>25\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>sur <span class=\"_\"> </span>des produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>esp\u00e8ces. <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>ar <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>suite, <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>obligation <span class=\"_ _3b\"></span>couvre <span class=\"_ _3\"></span>100\ue61f% des produits <span class=\"_ _3\"></span>de cession, <span class=\"_ _3\"></span>sauf <span class=\"_ _3\"></span>droit de <span class=\"_ _3\"></span>r\u00e9investissement en <span class=\"_ _3\"></span>cas de <span class=\"_ _3\"></span>sinistre et possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>garder <span class=\"_ _3\"></span>jusqu\u2019\u00e0 10\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>produits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession en esp\u00e8ces.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>d\u00e9finit <span class=\"_ _3b\"></span>un <span class=\"_ _3b\"></span>exc\u00e9dent <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>g\u00e9n\u00e9ration <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>(<span class=\"ffa7b\">ex<span class=\"_ _0\"></span>cess </span>cash <span class=\"_ _37\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow</span><span class=\"ffa79\">), <span class=\"_ _44\"> </span>lorsque <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>g\u00e9n\u00e9ration <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>d\u00e9passerait <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>besoins <span class=\"_ _44\"> </span>de </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9. <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>out <span class=\"_ _66\"> </span>e<span class=\"ffa7b\">xcess <span class=\"_ _66\"> </span>cash <span class=\"_ _65\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _66\"> </span></span></span> d\u00e9clencherait <span class=\"_ _65\"> </span>un <span class=\"_ _66\"> </span>paiement <span class=\"_ _66\"> </span>anticip\u00e9 obligatoire \u00e0 <span class=\"_ _3\"></span>compter <span class=\"_ _3\"></span>de l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _3\"></span>se <span class=\"_ _3\"></span>terminant le <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2023 selon le test suivant\ue61f:\u202250\ue61f% de <span class=\"_ _3\"></span><span class=\"ls4d ws4d\">l<span class=\"_ _3\"></span>\u2019e<span class=\"_ _3b\"></span></span><span class=\"ffa7b\">xcess cash <span class=\"_ _3\"></span><span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow<span class=\"_ _3\"></span></span></span> si le <span class=\"_ _3\"></span>ratio du <span class=\"_ _3\"></span><span class=\"ffa7b\">covenant</span> financier <span class=\"_ _3\"></span>est sup\u00e9rieur <span class=\"_ _3\"></span>\u00e0 2,2\ue61f;\u202225\ue61f% s\u2019il est compris entre 1,7 et 2,2\ue61f;\u20220\ue61f% s\u2019il est inf\u00e9rieur \u00e0 1,7<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>situations <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>d\u00e9faut <span class=\"_\"> </span>comprennent <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>autres <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sous <span class=\"_ _46\"> </span>r\u00e9serve <span class=\"_ _46\"> </span>de certaines exceptions<span class=\"_ _0\"></span>, seuils et d\u00e9lais suppl\u00e9mentaires\ue61f:\u2022le <span class=\"_ _3\"></span>d\u00e9faut <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>emprunteurs <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>effectuer <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>paiements <span class=\"_ _3\"></span>requis <span class=\"_ _3b\"></span>lorsqu\u2019ils sont <span class=\"_ _3\"></span>exigibles <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>Instruments <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>dette <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>toute <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>dette financi\u00e8re <span class=\"_\"> </span>ou <span class=\"_\"> </span>de <span class=\"_\"> </span>se <span class=\"_\"> </span>conformer <span class=\"_\"> </span>aux <span class=\"_\"> </span>obligations <span class=\"_ _46\"> </span>importantes <span class=\"_\"> </span>li\u00e9es <span class=\"_\"> </span>aux Instruments de dette\ue61f;\u2022un <span class=\"_\"> </span>d\u00e9faut <span class=\"_ _47\"> </span>crois\u00e9 <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>vertu <span class=\"_\"> </span>duquel <span class=\"_\"> </span>il <span class=\"_\"> </span>y <span class=\"_ _44\"> </span>a <span class=\"_\"> </span>un <span class=\"_\"> </span>d\u00e9faut <span class=\"_\"> </span>si <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>membre <span class=\"_\"> </span>du Groupe <span class=\"_ _44\"> </span>fait <span class=\"_ _47\"> </span>d\u00e9faut <span class=\"_ _44\"> </span>au <span class=\"_ _47\"> </span>titre <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _47\"> </span>dette <span class=\"_ _44\"> </span>portant <span class=\"_\"> </span>sur <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>total sup\u00e9rieur \u00e0 25\ue61fmillions de dollars.Ensemble des gar<span class=\"_ _0\"></span>anties financi\u00e8resEmprunts First Lien et Second LienLes <span class=\"_ _37\"></span>structures <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>fiducies<span class=\"ffa7a\">\u2011</span>s\u00fbret\u00e9s <span class=\"_ _44\"> </span>pr\u00e9c\u00e9dentes <span class=\"_ _3b\"></span>qui <span class=\"_ _44\"> </span>garantissaient <span class=\"_ _37\"></span>la <span class=\"_ _37\"> </span>dette rembours\u00e9e ont \u00e9t\u00e9 dissoutes<span class=\"_ _0\"></span>.Covenants financiersLa documentation des Instruments de dette contient <span class=\"_ _3\"></span>un ratio de levier financier<span class=\"_ _0\"></span>, test\u00e9 semestriellement \u00e0 <span class=\"_ _3\"></span>compter du 30\ue61ejuin 2023, requ\u00e9rant que le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A, tels que d\u00e9fini ci<span class=\"ffa83\">\u2011</span>dessous soit inf\u00e9rieur ou \u00e9gal aux valeurs suivantes\ue61e:30\ue61ejuin 2023<span class=\"_ _32c\"> </span>4,5 \u00e0 1,0031\ue61ed\u00e9cembre 2023<span class=\"_ _32d\"> </span>5,0 \u00e0 1,0030\ue61ejuin 2024<span class=\"_ _32e\"> </span>5,0 \u00e0 1,0031\ue61ed\u00e9cembre 2024 et apr\u00e8s<span class=\"_ _32f\"> </span>5,<span class=\"_ _0\"></span>1 \u00e0 1,00\ue61eLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">non<span class=\"ffa83\">\u2011</span>respect <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>ces <span class=\"_ _37\"> </span>convenants <span class=\"_ _44\"> </span>financiers <span class=\"_ _37\"> </span>est <span class=\"_ _44\"> </span>une <span class=\"_ _37\"> </span>situation <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>d\u00e9faut </span>suite <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>laquelle <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>pr\u00eateurs <span class=\"_ _60\"> </span>peuvent <span class=\"_ _64\"> </span>ordonner <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>agent <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>d\u00e9clarer imm\u00e9diatement la dette due et exigible.La <span class=\"_\"> </span>dette <span class=\"_\"> </span>nette <span class=\"_\"> </span>telle <span class=\"_ _44\"> </span>que <span class=\"_\"> </span>d\u00e9finie <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span><span class=\"ffa84\">co<span class=\"_ _0\"></span>venant<span class=\"_\"> </span><span class=\"ffa82\"> est <span class=\"_\"> </span>\u00e9gale <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur </span></span>nominale <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>du <span class=\"_ _4c\"> </span>Groupe <span class=\"_ _66\"> </span>(excluant <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>dette <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>location op\u00e9rationnelle <span class=\"_ _44\"> </span>selon <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>norme <span class=\"_\"> </span>IFRS\ue61e16) <span class=\"_ _44\"> </span>moins <span class=\"_\"> </span>(i) <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>(ii) <span class=\"_ _44\"> </span>les d\u00e9p\u00f4ts qui garantissent de la dette<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>tel <span class=\"_\"> </span>que <span class=\"_ _44\"> </span>d\u00e9fini <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span><span class=\"ffa84\">covenant<span class=\"_ _44\"> </span></span> est <span class=\"_ _44\"> </span>\u00e9gal <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019EBITD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>ajust\u00e9 <span class=\"_ _44\"> </span>du Groupe moins les charges li\u00e9es \u00e0 IFRS\ue61e16<span class=\"_ _0\"></span>.Bien <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>test\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>ratio de <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9levait <span class=\"_ _3\"></span>\u00e0 1,66.Engagements de f<span class=\"_ _0\"></span>aire (\u00ab\ue61fAffirmative Covenants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et <span class=\"_ _3b\"></span>habituelles <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>contiennent <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>outre <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>exigences <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe fournisse\ue61e:\u2022\u00e9tats financiers <span class=\"_ _6c\"> </span>semestriels\ue61e: <span class=\"_ _6c\"> </span>\u00e9l\u00e9ments <span class=\"_ _6c\"> </span>consolid\u00e9s <span class=\"_ _6c\"> </span>non <span class=\"_ _6c\"> </span>audit\u00e9s comprenant <span class=\"_ _37\"> </span>un <span class=\"_ _44\"> </span>bilan, <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>un <span class=\"_ _44\"> </span>tableau <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _44\"> </span>de tr\u00e9sorerie (sans les notes aux comptes)\ue61e;\u2022\u00e9tats <span class=\"_\"> </span>financiers <span class=\"_\"> </span>annuels\ue61e: <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>consolid\u00e9s <span class=\"_\"> </span>audit\u00e9s <span class=\"_\"> </span>compr<span class=\"_ _0\"></span>enant <span class=\"_\"> </span>un bilan, un compte de r\u00e9sultat et un tableau de flux de tr\u00e9sorerie\ue61e;\u2022des <span class=\"_ _3b\"></span>objectifs <span class=\"_ _37\"></span>annuels\ue61e: <span class=\"_ _3b\"></span>portant <span class=\"_ _37\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>chiffre <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>affaires, <span class=\"_ _3b\"></span>l\u2019EBITD<span class=\"_ _0\"></span>A, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span><span class=\"ffa84\">free </span>cash <span class=\"ls7 ws7\">fl<span class=\"_ _3\"></span>ow</span><span class=\"ffa82\"> et le ratio de dette nette \u00e0 EBITD<span class=\"_ _0\"></span>A.</span>Engagements de ne pas f<span class=\"_ _0\"></span>aire (\u00ab\ue61fNegative Cov<span class=\"_ _0\"></span>enants\ue61f\u00bb)Les Instruments de <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>contiennent <span class=\"_ _3\"></span>diverses clauses <span class=\"_ _3\"></span>restrictives standard et usuelles ainsi que d\u2019<span class=\"_ _0\"></span>autres clauses sp\u00e9cifiques qui restreignent la capacit\u00e9 du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>entreprendre <span class=\"_ _65\"> </span>certaines <span class=\"_ _65\"> </span>actions. <span class=\"_ _65\"> </span>Celles<span class=\"ffa83\">\u2011</span>ci <span class=\"_ _65\"> </span>incluent <span class=\"_ _65\"> </span>des restrictions sur\ue61e:\u2022endettement\ue61e: <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>r\u00e8gle <span class=\"_ _44\"> </span>g\u00e9n\u00e9rale, <span class=\"_ _44\"> </span>les <span class=\"_\"> </span>nouv<span class=\"_ _0\"></span>eaux <span class=\"_\"> </span>emprunts <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas autoris\u00e9s, <span class=\"_ _44\"> </span>sauf <span class=\"_ _44\"> </span>exceptions <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>quotas<span class=\"_ _0\"></span>, <span class=\"_\"> </span>notamment <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>contrats <span class=\"_ _44\"> </span>de location<span class=\"ffa83\">\u2011</span>financi\u00e8re et les dettes non garanties\ue61e;\u2022s\u00fbret\u00e9s\ue61e: <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>nouvelles <span class=\"_ _3\"></span>s\u00fbret\u00e9s <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>autoris\u00e9es, sauf pour certaines exceptions et un panier de s\u00fbret\u00e9s g\u00e9n\u00e9ral\ue61e;\u2022cessions\ue61e: <span class=\"_ _3\"></span>sous <span class=\"_ _3\"></span>r\u00e9serve de <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>exceptions <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>paniers, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>est limit\u00e9 dans sa capacit\u00e9 \u00e0 proc\u00e9der \u00e0 des cessions\ue61e;\u2022acquisitions\ue61e: \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exception <span class=\"_ _3\"></span>d\u2019un panier <span class=\"_ _3\"></span>d\u00e9termin\u00e9, le <span class=\"_ _3\"></span>Groupe ne <span class=\"_ _3\"></span>peut pas faire d\u2019<span class=\"_ _1\"></span>acquisitions\ue61e;\u2022distributions <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>paiements <span class=\"_ _37\"> </span>subordonn\u00e9s\ue61e: <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>limit\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>sa capacit\u00e9 \u00e0 effectuer des distributions, en particulier aux actionnair<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022, <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>respecte <span class=\"_ _46\"> </span>pleinement <span class=\"_ _46\"> </span>tous <span class=\"_ _46\"> </span>les <span class=\"_ _46\"> </span><span class=\"ffa84\">covenants</span>applicables <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>aucun <span class=\"_ _3b\"></span>cas <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>d\u00e9faut <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>s\u2019est <span class=\"_ _3b\"></span>produit <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>signature <span class=\"_ _3b\"></span>des contrats de fiducies et l\u2019<span class=\"_ _0\"></span>\u00e9tablissement des comptes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-175-3": {
   "value": "8.3<span class=\"_ _c3\"> </span>Instruments financiers d\u00e9riv\u00e9sComptabilit\u00e9 de couvertur<span class=\"_ _0\"></span>eLes <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"> </span>d\u00e9riv\u00e9s <span class=\"_ _37\"> </span>peuvent <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>d\u00e9sign\u00e9s <span class=\"_ _37\"></span>comme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>instruments de couverture dans une des trois r<span class=\"_ _0\"></span>elations de couverture suivantes\ue61e:\u2022une <span class=\"_\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>de <span class=\"_\"> </span>juste <span class=\"_\"> </span>valeur, <span class=\"_ _44\"> </span>permettant <span class=\"_\"> </span>de <span class=\"_\"> </span>couvrir <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>risque <span class=\"_\"> </span>de variation de juste valeur de tout \u00e9l\u00e9ment d\u2019<span class=\"_ _1\"></span>actif ou <span class=\"_ _3\"></span>de passif\ue61e;\u2022une <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _37\"></span>futurs <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _3b\"></span>permettant <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>le risque <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>flux <span class=\"_ _44\"> </span>futurs <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>rattach\u00e9s <span class=\"_ _37\"></span>\u00e0 des actifs ou passifs futurs\ue61e;\u2022une couverture des investissements nets<span class=\"_ _3\"></span> dans des activit\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tranger<span class=\"_ _1\"></span>, permettant <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>int\u00e9r\u00eats <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>actifs <span class=\"_ _37\"> </span>nets <span class=\"_ _44\"> </span>de ces activit\u00e9s.Les <span class=\"_ _65\"> </span>instruments <span class=\"_ _65\"> </span>d\u00e9riv\u00e9s <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>comptabilis\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>principes <span class=\"_ _65\"> </span>de comptabilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>d\u00e8s <span class=\"_\"> </span>lors <span class=\"_\"> </span>que\ue61eles <span class=\"_\"> </span>conditions <span class=\"_\"> </span>suivantes <span class=\"_\"> </span>sont remplies\ue61e:\u2022\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>mise <span class=\"_ _60\"> </span>en <span class=\"_ _61\"> </span>place, <span class=\"_ _60\"> </span>il <span class=\"_ _61\"> </span>existe <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>d\u00e9signation <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une documentation formalis\u00e9es d\u00e9crivant la relation de couvertur<span class=\"_ _0\"></span>e\ue61e;\u2022le Groupe s\u2019<span class=\"_ _0\"></span>attend \u00e0 ce que la couverture soit hautement efficace\ue61e;\u2022son <span class=\"_ _37\"></span>efficacit\u00e9 <span class=\"_ _37\"></span>peut <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>fa\u00e7on <span class=\"_ _37\"> </span>fiable <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>est d\u00e9termin\u00e9e comme hautement efficace durant toute sa dur\u00e9e<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>application <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>comptabilit\u00e9 <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>cons\u00e9quences suivantes\ue61e:\u2022pour <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>existants, <span class=\"_ _3b\"></span>la partie <span class=\"_ _3\"></span>couverte <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>\u00e9valu\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur<span class=\"_ _1\"></span>. La <span class=\"_ _44\"> </span>variation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>enregistr\u00e9e <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contrepartie <span class=\"_ _37\"> </span>du compte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>r\u00e9sultat, <span class=\"_ _66\"> </span>o\u00f9 <span class=\"_ _66\"> </span>elle <span class=\"_ _66\"> </span>est <span class=\"_ _66\"> </span>compens\u00e9e <span class=\"_ _66\"> </span>par <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>variations sym\u00e9triques <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>couverture, dans la limite de leur efficacit\u00e9\ue61e;\u2022pour les <span class=\"_ _3\"></span>couvertures de <span class=\"_ _3\"></span>flux futurs <span class=\"_ _3\"></span>de tr\u00e9sorerie, la partie <span class=\"_ _3\"></span>efficace de <span class=\"_ _3\"></span>la variation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019instrument <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>enregistr\u00e9e directement <span class=\"_ _47\"> </span>en <span class=\"_ _47\"> </span>contrep<span class=\"_ _0\"></span>artie <span class=\"_\"> </span>des <span class=\"_\"> </span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>du <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>global dans <span class=\"_ _47\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>propr<span class=\"_ _0\"></span>es <span class=\"_\"> </span>- <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>variation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>partie couverte <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_\"> </span>couvert <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>\u00e9tant <span class=\"_\"> </span>pas <span class=\"_\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>bilan <span class=\"_\"> </span>- <span class=\"_\"> </span>la variation de <span class=\"_ _3\"></span>juste valeur de <span class=\"_ _3\"></span>la part <span class=\"_ _3\"></span>inefficace est <span class=\"_ _3\"></span>comptabilis\u00e9e quant <span class=\"_ _3\"></span>\u00e0 elle <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>r\u00e9sultat. <span class=\"_ _44\"> </span>Les <span class=\"_ _37\"></span>montants <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"></span>global <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>les capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>repris <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>compte <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>les transactions <span class=\"_ _60\"> </span>couvertes <span class=\"_ _60\"> </span>impactent <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat. <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>d\u00e9lai moyen <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>g\u00e9n\u00e9ralement <span class=\"_\"> </span>inf\u00e9rieur <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>6 <span class=\"_ _46\"> </span>mois <span class=\"_ _61\"> </span>sauf <span class=\"_\"> </span>pour <span class=\"_\"> </span>l\u2019activit\u00e9 <span class=\"_\"> </span>de licences.8.3.<span class=\"_ _0\"></span>1<span class=\"_ _86\"> </span>P<span class=\"_ _0\"></span>ortefeuille des instruments financiers d\u00e9riv\u00e9sAu 31\ue61ed\u00e9cembre 2022 et au 31\ue61ed\u00e9cembre 2021, la juste v<span class=\"_ _0\"></span>aleur du portefeuille d\u2019instruments d\u00e9riv\u00e9s se d\u00e9compose comme suit\ue61e:2022<span class=\"_ _18\"> </span><span class=\"ffa8d fc1\">2021</span>(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Actifs<span class=\"_ _d1\"> </span>Passifs<span class=\"_ _193\"> </span><span class=\"ffa8d fc1\">Actifs<span class=\"_ _aa\"> </span>P<span class=\"_ _0\"></span>assifs</span>Couvertures de change<span class=\"_ _293\"> </span>2<span class=\"_ _8f\"> </span>-<span class=\"_ _8f\"> </span>1<span class=\"_ _268\"> </span>(2)Couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat<span class=\"_ _213\"> </span>-<span class=\"_ _8f\"> </span>-<span class=\"_ _1a1\"> </span>-<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR DES INSTRUMENTS D\u00c9RIV\u00c9S<span class=\"_ _28f\"> </span>2<span class=\"_ _1a1\"> </span>-<span class=\"_ _1a1\"> </span>1<span class=\"_ _1cf\"> </span>(<span class=\"_ _3\"></span>2)\ue61eCaract\u00e9ristiques de couvertures de changeLes couvertures de change au 31\ue61ed\u00e9cembr<span class=\"_ _0\"></span>e 2022 s\u2019<span class=\"_ _0\"></span>analysent de la fa\u00e7on suivante\ue61e:(1)<span class=\"_ _8\"> </span>(<span class=\"_ _3\"></span>2)(en\ue61emillions d\u2019<span class=\"_ _0\"></span>euros)Devises<span class=\"_ _7c\"> </span><span class=\"ffa8e\">Notionnel\ue662<span class=\"_ _d1\"> </span></span>\u00c9ch\u00e9ance<span class=\"_ _bd\"> </span><span class=\"ffa8e\">Juste valeur\ue662</span>V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _2f0\"> </span>EUR/<span class=\"_ _3\"></span>GBP<span class=\"_ _5\"> </span>49<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>1V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>EUR/<span class=\"_ _3b\"></span>USD<span class=\"_ _156\"> </span>73<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _330\"> </span>GBP/<span class=\"_ _3\"></span>USD<span class=\"_ _7e\"> </span>(<span class=\"_ _3\"></span>21)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _bb\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>CAD<span class=\"_ _1d\"> </span>(<span class=\"_ _3\"></span>29)<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _dd\"> </span>USD<span class=\"_ _0\"></span>/<span class=\"_ _3\"></span>MXN<span class=\"_ _1d\"> </span><span class=\"ls53 ws53\">(<span class=\"_ _3\"></span>24)<span class=\"_ _1b5\"> </span></span>2023<span class=\"_ _8f\"> </span>-V<span class=\"_ _f\"></span>entes/achats \u00e0 terme et <span class=\"ffa8b ls56 ws56\">swaps</span> de change<span class=\"_ _110\"> </span>Autres devises<span class=\"_ _156\"> </span>10<span class=\"_ _1b5\"> </span>2023<span class=\"_ _8f\"> </span>-JUSTE V<span class=\"_ _1\"></span>ALEUR<span class=\"_ _331\"> </span><span class=\"ffa8e\">\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _249\"> </span>\ue662<span class=\"_ _8b\"> </span></span>2(1) Achats / (ventes) \u00e0 terme ne<span class=\"_ _0\"></span>ts, exprim\u00e9s en\ue61fmillions de la premi\u00e8re de<span class=\"_ _0\"></span>vise du couple.(2) V<span class=\"_ _1\"></span>aleur de march\u00e9 en\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os au 31\ue61fd\u00e9cembre 2022.Caract\u00e9ristiques des couvertures de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatLe <span class=\"ls0 ws0\">Groupe ne poss\u00e8de aucun instrument de couverture de taux d\u2019int\u00e9r\u00eat <span class=\"_ _0\"></span>au 31\ue61fd\u00e9cembre 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>ayant <span class=\"_ _3\"></span>contract\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>variable <span class=\"_ _3b\"></span>(EURIBOR), <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>\u00e9tudi\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>\u00e9tudie <span class=\"_ _3b\"></span>plusieurs <span class=\"_ _3\"></span>options <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au </span>risque de taux.Caract\u00e9ristiques des instruments non document\u00e9s en couvertureAu 31\ue61fd\u00e9cembre 2022, le Groupe ne poss\u00e8de pas d\u2019instruments non document\u00e9s en <span class=\"_ _0\"></span>couverture \u00e0 la cl\u00f4ture.8.3.2<span class=\"_ _4d\"> </span>Incidence des instruments financiers d\u00e9riv\u00e9s sur la performance du Gr<span class=\"_ _0\"></span>oupeComme <span class=\"_ _3\"></span>indiqu\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>8.5.3.2, du <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie Groupe <span class=\"_ _3\"></span>consistant, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>souscrire <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>de tr\u00e8s court terme, qu\u2019<span class=\"_ _0\"></span>elle renouvelle en fonction <span class=\"_ _3\"></span>de son exposition globale <span class=\"_ _3\"></span>suivie quotidiennement, les caract\u00e9ristiques du <span class=\"_ _3\"></span>portefeuille d\u2019instruments d\u00e9riv\u00e9s \u00e0 la date de cl\u00f4ture ne sont pas repr<span class=\"_ _0\"></span>\u00e9sentatives de leur incidence ni sur l\u2019<span class=\"_ _0\"></span>exercice, ni sur les ex<span class=\"_ _0\"></span>ercices futurs.Le <span class=\"ls0 ws0\">tableau ci<span class=\"ffa95\">\u2011</span>apr\u00e8s pr\u00e9sente l\u2019incidence des instruments d\u00e9riv\u00e9s sur la performance de l\u2019<span class=\"_ _1\"></span>exercice 2022.</span>Couvertures de changeIncidence des parts Incidence des parts (1)<span class=\"_ _106\"> </span>(2)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)e\ue759caces\ue662ine\ue759caces\ue662Marge brute<span class=\"_ _2e4\"> </span>16<span class=\"_ _19\"> </span>-Charges d\u2019int\u00e9r\u00eats re\u00e7us<span class=\"_ _1d7\"> </span>-<span class=\"_ _129\"> </span>(<span class=\"_ _3\"></span>3)Gain (perte) de change<span class=\"_ _23d\"> </span>-<span class=\"_ _b7\"> </span>2Charges \ue75cnanci\u00e8res nettes<span class=\"_ _208\"> </span><span class=\"ffa96\">-<span class=\"_ _c\"> </span>(1)</span>R\u00e9sultat des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession<span class=\"_ _29a\"> </span>1<span class=\"_ _19\"> </span>-R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T NET<span class=\"_ _332\"> </span>17<span class=\"_ _c\"> </span>(1)Gains / (pertes) avant imp\u00f4ts r\u00e9sultant de l\u2019<span class=\"_ _1\"></span>\u00e9valuation \u00e0 la juste valeur des instruments de couverture de \ufb02ux (4)<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">-</span>de tr\u00e9sorerieAUTRES \u00c9L\u00c9MENTS D<span class=\"_ _0\"></span>U R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T GLOBAL<span class=\"_ _2a7\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _f5\"> </span></span>-(1) Selon le principe de sym\u00e9trie, les p<span class=\"_ _0\"></span>arts e\ue61fcaces des couvertures sont enregistr\u00e9es dans le m\u00eame <span class=\"_ _0\"></span>agr\u00e9gat du compte de r\u00e9sultat que les <span class=\"ls5e ws5e\">e\ue61eets </span>des \u00e9l\u00e9ments couverts.(2) <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>parts <span class=\"_ _3\"></span>ine\ue61fcaces <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>proviennent <span class=\"_ _3\"></span>essentiellement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>(report/d\u00e9port) <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>op\u00e9rations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>terme <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>des <span class=\"_ _3b\"></span><span class=\"ls5e ws5e\">swaps<span class=\"_ _3b\"></span></span> de <span class=\"_ _3\"></span>change, <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>Groupe exclut des relations de couverture<span class=\"_ _0\"></span>, <span class=\"ls5e ws5e\">et<span class=\"_ _3\"></span> </span>du r\u00e9sultat de change sur les <span class=\"_ _3\"></span>r\u00e9ductions de surcouvertures<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les points de terme li\u00e9s aux instruments en <span class=\"_ _3\"></span>couverture de l\u2019<span class=\"_ _0\"></span>exposition financi\u00e8re sont pr\u00e9sent\u00e9s en <span class=\"_ _3\"></span>\u00ab\ue61cCharges <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3\"></span>nettes\ue61c\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>points <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>terme <span class=\"_ _3b\"></span>li\u00e9s <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>instruments <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>commerciale\ue61cainsi <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9ductions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>couvertures <span class=\"_ _3\"></span>de change\ue61csont pr\u00e9sent<span class=\"_ _0\"></span>\u00e9s sur la ligne \u00ab\ue61cGain (perte) de change\ue61c\u00bb.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-176-4": {
   "value": "Principes g\u00e9n\u00e9rauxLe <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>n\u00e9gocie <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>instruments <span class=\"_\"> </span>financiers <span class=\"_ _61\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>fins <span class=\"_ _61\"> </span>de couverture <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>notamment <span class=\"_ _3\"></span>r\u00e9duire <span class=\"_ _3\"></span>son <span class=\"_ _3b\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3\"></span>d\u2019int\u00e9r\u00eat. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>souscrits <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>gr\u00e9-\u00e0-gr\u00e9 et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>r\u00e9gis par <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>accords <span class=\"_\"> </span>standards <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>type <span class=\"_ _46\"> </span>\u00ab\ue61eISDA\ue61e\u00bb (<span class=\"ffa8b\">I<span class=\"_ _0\"></span>nternational <span class=\"_ _46\"> </span>Swaps <span class=\"_\"> </span>and </span>Deriv<span class=\"_ _0\"></span>atives Association<span class=\"ffa8a\">, Inc.), ou par des accords habituels pour le march\u00e9 </span>fran\u00e7ais<span class=\"_ _0\"></span>.Comptabilit\u00e9 de couvertur<span class=\"_ _0\"></span>eLes <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"> </span>d\u00e9riv\u00e9s <span class=\"_ _37\"> </span>peuvent <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>d\u00e9sign\u00e9s <span class=\"_ _37\"></span>comme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>instruments de couverture dans une des trois r<span class=\"_ _0\"></span>elations de couverture suivantes\ue61e:\u2022une <span class=\"_\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>de <span class=\"_\"> </span>juste <span class=\"_\"> </span>valeur, <span class=\"_ _44\"> </span>permettant <span class=\"_\"> </span>de <span class=\"_\"> </span>couvrir <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>risque <span class=\"_\"> </span>de variation de juste valeur de tout \u00e9l\u00e9ment d\u2019<span class=\"_ _1\"></span>actif ou <span class=\"_ _3\"></span>de passif\ue61e;\u2022une <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _37\"></span>futurs <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _3b\"></span>permettant <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>le risque <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>flux <span class=\"_ _44\"> </span>futurs <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>rattach\u00e9s <span class=\"_ _37\"></span>\u00e0 des actifs ou passifs futurs\ue61e;\u2022une couverture des investissements nets<span class=\"_ _3\"></span> dans des activit\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tranger<span class=\"_ _1\"></span>, permettant <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>int\u00e9r\u00eats <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>actifs <span class=\"_ _37\"> </span>nets <span class=\"_ _44\"> </span>de ces activit\u00e9s.Les <span class=\"_ _65\"> </span>instruments <span class=\"_ _65\"> </span>d\u00e9riv\u00e9s <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>comptabilis\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>principes <span class=\"_ _65\"> </span>de comptabilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>d\u00e8s <span class=\"_\"> </span>lors <span class=\"_\"> </span>que\ue61eles <span class=\"_\"> </span>conditions <span class=\"_\"> </span>suivantes <span class=\"_\"> </span>sont remplies\ue61e:\u2022\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>mise <span class=\"_ _60\"> </span>en <span class=\"_ _61\"> </span>place, <span class=\"_ _60\"> </span>il <span class=\"_ _61\"> </span>existe <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>d\u00e9signation <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une documentation formalis\u00e9es d\u00e9crivant la relation de couvertur<span class=\"_ _0\"></span>e\ue61e;\u2022le Groupe s\u2019<span class=\"_ _0\"></span>attend \u00e0 ce que la couverture soit hautement efficace\ue61e;\u2022son <span class=\"_ _37\"></span>efficacit\u00e9 <span class=\"_ _37\"></span>peut <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>fa\u00e7on <span class=\"_ _37\"> </span>fiable <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>est d\u00e9termin\u00e9e comme hautement efficace durant toute sa dur\u00e9e<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>application <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>comptabilit\u00e9 <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>cons\u00e9quences suivantes\ue61e:\u2022pour <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>existants, <span class=\"_ _3b\"></span>la partie <span class=\"_ _3\"></span>couverte <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>\u00e9valu\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur<span class=\"_ _1\"></span>. La <span class=\"_ _44\"> </span>variation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>enregistr\u00e9e <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contrepartie <span class=\"_ _37\"> </span>du compte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>r\u00e9sultat, <span class=\"_ _66\"> </span>o\u00f9 <span class=\"_ _66\"> </span>elle <span class=\"_ _66\"> </span>est <span class=\"_ _66\"> </span>compens\u00e9e <span class=\"_ _66\"> </span>par <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>variations sym\u00e9triques <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>couverture, dans la limite de leur efficacit\u00e9\ue61e;\u2022pour les <span class=\"_ _3\"></span>couvertures de <span class=\"_ _3\"></span>flux futurs <span class=\"_ _3\"></span>de tr\u00e9sorerie, la partie <span class=\"_ _3\"></span>efficace de <span class=\"_ _3\"></span>la variation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019instrument <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>enregistr\u00e9e directement <span class=\"_ _47\"> </span>en <span class=\"_ _47\"> </span>contrep<span class=\"_ _0\"></span>artie <span class=\"_\"> </span>des <span class=\"_\"> </span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>du <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>global dans <span class=\"_ _47\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>propr<span class=\"_ _0\"></span>es <span class=\"_\"> </span>- <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>variation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>partie couverte <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_\"> </span>couvert <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>\u00e9tant <span class=\"_\"> </span>pas <span class=\"_\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>bilan <span class=\"_\"> </span>- <span class=\"_\"> </span>la variation de <span class=\"_ _3\"></span>juste valeur de <span class=\"_ _3\"></span>la part <span class=\"_ _3\"></span>inefficace est <span class=\"_ _3\"></span>comptabilis\u00e9e quant <span class=\"_ _3\"></span>\u00e0 elle <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>r\u00e9sultat. <span class=\"_ _44\"> </span>Les <span class=\"_ _37\"></span>montants <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"></span>global <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>les capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>repris <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>compte <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>les transactions <span class=\"_ _60\"> </span>couvertes <span class=\"_ _60\"> </span>impactent <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat. <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>d\u00e9lai moyen <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>g\u00e9n\u00e9ralement <span class=\"_\"> </span>inf\u00e9rieur <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>6 <span class=\"_ _46\"> </span>mois <span class=\"_ _61\"> </span>sauf <span class=\"_\"> </span>pour <span class=\"_\"> </span>l\u2019activit\u00e9 <span class=\"_\"> </span>de licences.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-177-5": {
   "value": "Comptabilit\u00e9 de couvertur<span class=\"_ _0\"></span>eLes <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"> </span>d\u00e9riv\u00e9s <span class=\"_ _37\"> </span>peuvent <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>d\u00e9sign\u00e9s <span class=\"_ _37\"></span>comme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>instruments de couverture dans une des trois r<span class=\"_ _0\"></span>elations de couverture suivantes\ue61e:\u2022une <span class=\"_\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_\"> </span>de <span class=\"_\"> </span>juste <span class=\"_\"> </span>valeur, <span class=\"_ _44\"> </span>permettant <span class=\"_\"> </span>de <span class=\"_\"> </span>couvrir <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>risque <span class=\"_\"> </span>de variation de juste valeur de tout \u00e9l\u00e9ment d\u2019<span class=\"_ _1\"></span>actif ou <span class=\"_ _3\"></span>de passif\ue61e;\u2022une <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>f<span class=\"_ _3\"></span>lux <span class=\"_ _37\"></span>futurs <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _3b\"></span>permettant <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>le risque <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _44\"> </span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _37\"> </span>flux <span class=\"_ _44\"> </span>futurs <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"></span>rattach\u00e9s <span class=\"_ _37\"></span>\u00e0 des actifs ou passifs futurs\ue61e;\u2022une couverture des investissements nets<span class=\"_ _3\"></span> dans des activit\u00e9s \u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tranger<span class=\"_ _1\"></span>, permettant <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>couvrir <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>int\u00e9r\u00eats <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Groupe <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>les <span class=\"_ _37\"> </span>actifs <span class=\"_ _37\"> </span>nets <span class=\"_ _44\"> </span>de ces activit\u00e9s.Les <span class=\"_ _65\"> </span>instruments <span class=\"_ _65\"> </span>d\u00e9riv\u00e9s <span class=\"_ _65\"> </span>sont <span class=\"_ _65\"> </span>comptabilis\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>principes <span class=\"_ _65\"> </span>de comptabilit\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>d\u00e8s <span class=\"_\"> </span>lors <span class=\"_\"> </span>que\ue61eles <span class=\"_\"> </span>conditions <span class=\"_\"> </span>suivantes <span class=\"_\"> </span>sont remplies\ue61e:\u2022\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>mise <span class=\"_ _60\"> </span>en <span class=\"_ _61\"> </span>place, <span class=\"_ _60\"> </span>il <span class=\"_ _61\"> </span>existe <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>d\u00e9signation <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>une documentation formalis\u00e9es d\u00e9crivant la relation de couvertur<span class=\"_ _0\"></span>e\ue61e;\u2022le Groupe s\u2019<span class=\"_ _0\"></span>attend \u00e0 ce que la couverture soit hautement efficace\ue61e;\u2022son <span class=\"_ _37\"></span>efficacit\u00e9 <span class=\"_ _37\"></span>peut <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>mesur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>fa\u00e7on <span class=\"_ _37\"> </span>fiable <span class=\"_ _37\"> </span>et <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>couverture <span class=\"_ _37\"> </span>est d\u00e9termin\u00e9e comme hautement efficace durant toute sa dur\u00e9e<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>application <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>comptabilit\u00e9 <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>couvertur<span class=\"_ _0\"></span>e <span class=\"_ _65\"> </span>a <span class=\"_ _64\"> </span>les <span class=\"_ _64\"> </span>cons\u00e9quences suivantes\ue61e:\u2022pour <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>passifs <span class=\"_ _3b\"></span>existants, <span class=\"_ _3b\"></span>la partie <span class=\"_ _3\"></span>couverte <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>\u00e9valu\u00e9e <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>juste <span class=\"_ _3b\"></span>valeur<span class=\"_ _1\"></span>. La <span class=\"_ _44\"> </span>variation <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>est <span class=\"_ _44\"> </span>enregistr\u00e9e <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>contrepartie <span class=\"_ _37\"> </span>du compte <span class=\"_ _66\"> </span>de <span class=\"_ _66\"> </span>r\u00e9sultat, <span class=\"_ _66\"> </span>o\u00f9 <span class=\"_ _66\"> </span>elle <span class=\"_ _66\"> </span>est <span class=\"_ _66\"> </span>compens\u00e9e <span class=\"_ _66\"> </span>par <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>variations sym\u00e9triques <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _37\"></span>valeur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>instruments <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>couverture, dans la limite de leur efficacit\u00e9\ue61e;\u2022pour les <span class=\"_ _3\"></span>couvertures de <span class=\"_ _3\"></span>flux futurs <span class=\"_ _3\"></span>de tr\u00e9sorerie, la partie <span class=\"_ _3\"></span>efficace de <span class=\"_ _3\"></span>la variation <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019instrument <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>enregistr\u00e9e directement <span class=\"_ _47\"> </span>en <span class=\"_ _47\"> </span>contrep<span class=\"_ _0\"></span>artie <span class=\"_\"> </span>des <span class=\"_\"> </span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_\"> </span>du <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>global dans <span class=\"_ _47\"> </span>les <span class=\"_ _44\"> </span>capitaux <span class=\"_\"> </span>propr<span class=\"_ _0\"></span>es <span class=\"_\"> </span>- <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>variation <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>partie couverte <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9l\u00e9ment <span class=\"_\"> </span>couvert <span class=\"_\"> </span>n\u2019<span class=\"_ _0\"></span>\u00e9tant <span class=\"_\"> </span>pas <span class=\"_\"> </span>enregistr<span class=\"_ _0\"></span>\u00e9e <span class=\"_\"> </span>au <span class=\"_\"> </span>bilan <span class=\"_\"> </span>- <span class=\"_\"> </span>la variation de <span class=\"_ _3\"></span>juste valeur de <span class=\"_ _3\"></span>la part <span class=\"_ _3\"></span>inefficace est <span class=\"_ _3\"></span>comptabilis\u00e9e quant <span class=\"_ _3\"></span>\u00e0 elle <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>r\u00e9sultat. <span class=\"_ _44\"> </span>Les <span class=\"_ _37\"></span>montants <span class=\"_ _44\"> </span>enregistr\u00e9s <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _37\"></span>global <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"> </span>les capitaux <span class=\"_ _3\"></span>propres <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>repris <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>compte <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9sultat <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3\"></span>o\u00f9 <span class=\"_ _3b\"></span>les transactions <span class=\"_ _60\"> </span>couvertes <span class=\"_ _60\"> </span>impactent <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>r\u00e9sultat. <span class=\"_ _60\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>d\u00e9lai moyen <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>g\u00e9n\u00e9ralement <span class=\"_\"> </span>inf\u00e9rieur <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>6 <span class=\"_ _46\"> </span>mois <span class=\"_ _61\"> </span>sauf <span class=\"_\"> </span>pour <span class=\"_\"> </span>l\u2019activit\u00e9 <span class=\"_\"> </span>de licences.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f140833": {
   "value": "8<span class=\"_ _3\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls0 ws0\">\u00c9v<span class=\"_ _0\"></span>aluation \u00e0 la juste valeur</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-184-4": {
   "value": "Actifs financiers (hors instruments d\u00e9riv\u00e9s)La <span class=\"_ _3\"></span>Direction <span class=\"_ _3\"></span>d\u00e9termine <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>classement <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>leur comptabilisation <span class=\"_ _44\"> </span>initiale <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>regard <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>mod\u00e8le <span class=\"_ _44\"></span>\u00e9conomique <span class=\"_ _44\"></span>du <span class=\"_ _44\"> </span>Groupe pour la gestion des actifs financiers, ainsi que des caract\u00e9ristiques des \ufb02ux de tr\u00e9sorerie contr<span class=\"_ _0\"></span>actuels de l\u2019actif<span class=\"_ _1\"></span>.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">application <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>norme <span class=\"_ _3b\"></span>IFRS\ue61d9<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>choisi <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>classement <span class=\"_ _3b\"></span>de </span>ses <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers <span class=\"_ _3\"></span>au co\u00fbt <span class=\"_ _3\"></span>amorti, <span class=\"_ _3\"></span>actifs <span class=\"_ _3\"></span>financiers \u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _47\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>compte <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _44\"> </span>ou <span class=\"_ _47\"> </span>par <span class=\"_ _44\"></span>autres <span class=\"_ _44\"> </span>\u00e9l\u00e9ments <span class=\"_ _44\"> </span>du r\u00e9sultat global.Actifs <span class=\"ffa9f\">\ue75cnanciers au </span>co\u00fbt <span class=\"ffa9f\">amorti</span>Cette <span class=\"_ _3\"></span>cat\u00e9gorie <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>retenue <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3\"></span>lors <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>objectif est <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>en <span class=\"_ _60\"> </span>percevoir <span class=\"_ _60\"> </span>les <span class=\"_ _60\"> </span>\ufb02ux <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _60\"> </span>contractuels, <span class=\"_ _61\"> </span>correspondant uniquement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>remboursements <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>principal <span class=\"_ _44\"></span>et, <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>cas <span class=\"_ _37\"></span>\u00e9ch\u00e9ant, <span class=\"_ _44\"></span>aux int\u00e9r\u00eats sur le principal.Ces <span class=\"_ _44\"></span>actifs <span class=\"_ _44\"></span>sont <span class=\"_ _37\"></span>initialement <span class=\"_ _44\"> </span>comptabilis\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>leur <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _44\"> </span>nette <span class=\"_ _44\"> </span>des co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transactions <span class=\"_ _3\"></span>\u00e9ventuels. <span class=\"_ _3\"></span>Ils <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>ensuite <span class=\"_ _3\"></span>reconnus <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti en utilisant la m\u00e9thode du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cas <span class=\"_ _3b\"></span>\u00e9ch\u00e9ant, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>d\u00e9pr\u00e9ciation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>constat\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3b\"></span>de </span>cr\u00e9dit attendues \u00e0 12 <span class=\"_ _3\"></span>mois, \u00e0 moins que le risque <span class=\"_ _3\"></span>de cr\u00e9dit n\u2019<span class=\"_ _0\"></span>ait augment\u00e9 de <span class=\"_\"> </span>fa\u00e7on <span class=\"_ _47\"> </span>significative <span class=\"_ _47\"> </span>depuis <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>comptabilisation <span class=\"_\"> </span>initiale, <span class=\"_\"> </span>auquel <span class=\"_\"> </span>cas <span class=\"_ _44\"> </span>la d\u00e9pr\u00e9ciation <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>hauteur <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>pertes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>attendues <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>actifs <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>contrats clients, le <span class=\"_ _3\"></span>Groupe applique <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>m\u00e9thode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>d\u00e9pr\u00e9ciation simplifi\u00e9e <span class=\"_ _3\"></span>(voir note 5.<span class=\"_ _0\"></span>1.3.).Actifs <span class=\"_ _37\"> </span><span class=\"ffa9f\">\ue75cnanciers <span class=\"_ _37\"> </span></span>\u00e0 <span class=\"_ _44\"> </span><span class=\"ffa9f\">la <span class=\"_ _37\"></span>juste <span class=\"_ _37\"> </span>valeur <span class=\"_ _37\"> </span>par <span class=\"_ _44\"> </span>le <span class=\"_ _37\"></span>compte <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>r\u00e9sultat <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>par </span>autres \u00e9l\u00e9ments du r\u00e9sultat globalCette <span class=\"_ _60\"> </span>cat\u00e9gorie <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>retenue <span class=\"_ _60\"> </span>d\u00e8s <span class=\"_ _64\"> </span>lors <span class=\"_ _64\"> </span>que <span class=\"_ _60\"> </span>l\u2019actif <span class=\"_ _60\"> </span>financier <span class=\"_ _64\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _64\"> </span>pas comptabilis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>co\u00fbt <span class=\"_ _3\"></span>amorti. <span class=\"_ _3b\"></span>P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>ces <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>comptabilis\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>la juste <span class=\"_ _3\"></span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>variations <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>valeur <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>enregistr\u00e9es <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>compte <span class=\"_ _3\"></span>de r\u00e9sultat, au sein des <span class=\"_ _3\"></span>\u00ab\ue61dAutres produits (charges) financiers nets\ue61d\u00bb, <span class=\"_ _3\"></span>ou dans le <span class=\"_ _3\"></span>cas <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>titres <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>participations <span class=\"_ _3b\"></span>non <span class=\"_ _3\"></span>d\u00e9tenues <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>fins <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>transaction et <span class=\"_\"> </span>sur <span class=\"_\"> </span>option <span class=\"_ _44\"> </span>initiale <span class=\"_\"> </span>et <span class=\"_\"> </span>irr\u00e9versible<span class=\"_ _0\"></span>, <span class=\"_\"> </span>dans <span class=\"_\"> </span>une <span class=\"_\"> </span>ligne <span class=\"_ _47\"> </span>d\u00e9di\u00e9e <span class=\"_ _47\"> </span>des <span class=\"_\"> </span>autr<span class=\"_ _0\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.Un <span class=\"_ _37\"></span><span class=\"ls0 ws0\">actif <span class=\"_ _44\"></span>financier <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>d\u00e9comptabilis\u00e9 <span class=\"_ _44\"></span>lorsque <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>droits <span class=\"_ _37\"></span>contractuels <span class=\"_ _37\"></span>sur </span>les <span class=\"_ _61\"> </span>\ufb02ux <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>li\u00e9s <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>celui<span class=\"ffaa0\">\u2011</span>ci <span class=\"_ _61\"> </span>arrivent <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _61\"> </span>expiration <span class=\"_ _61\"> </span>ou <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 transf\u00e9r\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>quasi<span class=\"ffaa0\">\u2011</span>totalit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _3\"></span>inh\u00e9rents <span class=\"_ _3\"></span>\u00e0 la propri\u00e9t\u00e9 de l\u2019<span class=\"_ _0\"></span>actif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>assifs financiers (hors instruments d\u00e9rives)Les <span class=\"_ _61\"> </span>emprunts <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>initialement <span class=\"_ _61\"> </span>comptabilis\u00e9s <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>juste <span class=\"_ _61\"> </span>valeur<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>puis \u00e9valu\u00e9s <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>co\u00fbt <span class=\"_ _61\"> </span>amorti, <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>utilisant <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>m\u00e9thode <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>oute <span class=\"_ _3b\"></span>di\ue61c\u00e9rence <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>(i) <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>produits <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9mission <span class=\"_ _3b\"></span>nets <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>co\u00fbts de <span class=\"_ _61\"> </span>transaction <span class=\"_ _46\"> </span>et <span class=\"_ _61\"> </span>(ii) <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>remboursement, est <span class=\"_ _61\"> </span>constat\u00e9e <span class=\"_ _46\"> </span>en r\u00e9sultat <span class=\"_ _3\"></span>financier <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dur\u00e9e <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>vie <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>emprunts, <span class=\"_ _3\"></span>selon <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _3b\"></span>du taux d\u2019int\u00e9r\u00eat e\ue61cectif<span class=\"_ _1\"></span>.Les <span class=\"_\"> </span>emprunts <span class=\"_ _61\"> </span>sont <span class=\"_\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>passifs <span class=\"_\"> </span>courants, <span class=\"_\"> </span>sauf <span class=\"_ _61\"> </span>si <span class=\"_\"> </span>le Groupe <span class=\"_ _3\"></span>d\u00e9tient <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>droit <span class=\"_ _3\"></span>inconditionnel <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>remboursement <span class=\"_ _3\"></span>du passif <span class=\"_ _3\"></span>au<span class=\"ffaa0\">\u2011</span>del\u00e0 <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>p\u00e9riode <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>12 <span class=\"_ _3\"></span>mois <span class=\"_ _3b\"></span>apr\u00e8s <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3\"></span>auquel cas ils sont pr\u00e9sent\u00e9s au sein des passifs non courants<span class=\"_ _0\"></span>.Instruments d\u00e9riv<span class=\"_ _0\"></span>\u00e9sLes instruments d\u00e9riv\u00e9s sont comptabilis\u00e9s \u00e0 <span class=\"_ _3\"></span>la juste valeur<span class=\"_ _0\"></span>. Les variations de <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9es <span class=\"_ _60\"> </span>dans <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>de <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_ _61\"> </span>et/ou <span class=\"_ _61\"> </span>en capitaux <span class=\"_ _3\"></span>propres au <span class=\"_ _3\"></span>sein <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>\u00e9l\u00e9ments <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>global, <span class=\"_ _3\"></span>selon <span class=\"_ _3\"></span>les principes expos\u00e9s dans la note 8.3.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-190-2": {
   "value": "8.5<span class=\"_ _6a\"> </span>Gestion des risques financiers8.5.<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span>Risque de march\u00e9V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>expos\u00e9 <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>financiers, <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>principalement <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"></span>\ufb02uctuations <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>cours <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>taux d\u2019int\u00e9r\u00eat, le risque de liquidit\u00e9 et le risque de cr\u00e9dit.Les <span class=\"_ _3b\"></span>risques <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>g\u00e9r\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>mani\u00e8re <span class=\"_ _37\"></span>centrale <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>son service <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>Groupe <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>F<span class=\"_ _0\"></span>rance <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>son <span class=\"_ _60\"> </span>service <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie r\u00e9gional <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>Ontario <span class=\"_ _60\"> </span>(Californie <span class=\"_ _60\"> </span>\u2013 <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffabe\">\u2011</span>Unis), <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>conformit\u00e9 <span class=\"_ _64\"> </span>avec <span class=\"_ _60\"> </span>les politiques et les proc\u00e9dures du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _60\"> </span>risques <span class=\"_ _60\"> </span>financiers <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>march\u00e9 <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>suivis <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>permanence <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>sont pr\u00e9sent\u00e9s <span class=\"_ _1a\"> </span>r\u00e9guli\u00e8rement <span class=\"_ _1a\"> </span>au <span class=\"_ _b\"> </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _b\"> </span>financier<span class=\"_ _1\"></span>, <span class=\"_ _b\"> </span>au <span class=\"_ _1a\"> </span>Comit\u00e9 d\u2019Investissement <span class=\"_\"> </span>et <span class=\"_\"> </span>au <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _f\"></span>Audit <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>l\u2019interm\u00e9diaire <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>di\ue61d\u00e9rents rapports <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"> </span>r\u00e9sument <span class=\"_\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>aux <span class=\"_\"> </span>di\ue61d\u00e9rents <span class=\"_ _47\"> </span>risques ainsi que le d\u00e9tail des op\u00e9rations mises en place pour r\u00e9duir<span class=\"_ _0\"></span>e ces risques.La <span class=\"_\"> </span>gestion <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>risques <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9troitement <span class=\"_ _47\"> </span>encadr\u00e9e <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>limites <span class=\"_\"> </span>et <span class=\"_\"> </span>des autorisations, <span class=\"_\"> </span>approuv\u00e9es <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>d\u2019Inv<span class=\"_ _0\"></span>estissement <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>chaque type de transaction, et contr\u00f4l\u00e9es par le d\u00e9partement de contr<span class=\"_ _0\"></span>\u00f4le interne.8.5.2<span class=\"_ _10d\"> </span>Risque de taux d\u2019int\u00e9r\u00eat8.5.2.<span class=\"_ _0\"></span>1<span class=\"_ _18b\"> </span>Exposition au risque de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition du Groupe au risque de taux d\u2019int\u00e9r\u00eat provient princip<span class=\"_ _0\"></span>alement des dettes financi\u00e8res externes et des d\u00e9p\u00f4ts.Au <span class=\"_ _3\"></span>31\ue61cd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>part <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>dettes <span class=\"_ _3\"></span>financi\u00e8res <span class=\"_ _3b\"></span>externes <span class=\"_ _3\"></span>soumise <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eat <span class=\"_ _3\"></span>variable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>tableau <span class=\"_ _3\"></span>ci<span class=\"ffabe\">\u2011</span>dessous. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>ne poss\u00e8de aucune op\u00e9ration de couverture de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat.(en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)2022Dettes financi\u00e8res v<span class=\"_ _0\"></span>aleur nominale (hors locations op\u00e9rationnelles)<span class=\"_ _14a\"> </span>382Part \u00e0 taux v<span class=\"_ _0\"></span>ariable<span class=\"_ _33d\"> </span>98\ue61c%\ue61cEn <span class=\"ls0 ws0\">2022, l\u2019<span class=\"_ _0\"></span>en<span class=\"ffabe\">\u2011</span>cours des d\u00e9p\u00f4ts du Groupe est enti\u00e8rement r\u00e9mun\u00e9r\u00e9 \u00e0 taux variable<span class=\"_ _0\"></span>.</span>8.5.2.2<span class=\"_ _4f\"> </span>Gestion du risque de taux d\u2019int\u00e9r\u00eatAu <span class=\"_ _64\"> </span>31\ue61cd\u00e9cembre <span class=\"_ _64\"> </span>2022, <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>poss\u00e8de <span class=\"_ _64\"> </span>aucune <span class=\"_ _64\"> </span>op\u00e9ration <span class=\"_ _64\"> </span>de couverture de taux d\u2019int\u00e9r\u00eat.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">septembre\ue61c2022, <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>Groupe <span class=\"_ _60\"> </span>a <span class=\"_ _60\"> </span>refinanc\u00e9 <span class=\"_ _60\"> </span>sa <span class=\"_ _64\"> </span>dette <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>contract\u00e9 <span class=\"_ _60\"> </span>de </span>nouveaux emprunts en E<span class=\"_ _0\"></span>uros \u00e0 taux variable.Les <span class=\"_ _37\"></span>march\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8rement <span class=\"_ _37\"></span>volatiles <span class=\"_ _44\"> </span>lors <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>deuxi\u00e8me semestre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>d\u00e9but <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>2023. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>principales <span class=\"_ _3b\"></span>banques <span class=\"_ _3b\"></span>centrales <span class=\"_ _3b\"></span>(laBCE <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>FED<span class=\"_ _0\"></span>) <span class=\"_ _61\"> </span>surveillent <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>taux <span class=\"_ _46\"> </span>d\u2019in\ufb02ation <span class=\"_ _61\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>consid\u00e9rablement augment\u00e9 en 2022 <span class=\"_ _3\"></span>et ont r\u00e9agi en <span class=\"_ _3\"></span>utilisant l\u2019instrument mon\u00e9taire classique de hausse des taux directeurs<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>suit <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>pr\u00e8s <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>courbes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>leur <span class=\"_ _3b\"></span>impact </span>sur <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span><span class=\"ffac0\">cash <span class=\"_ _46\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _61\"> </span></span></span> futurs <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Des <span class=\"_ _61\"> </span>options <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>couvertures <span class=\"_ _61\"> </span>sont r\u00e9guli\u00e8rement <span class=\"_ _3\"></span>discut\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>pourrait <span class=\"_ _3b\"></span>contracter <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3\"></span>de taux d\u2019int\u00e9r\u00eat.8.5.2.3<span class=\"_ _4f\"> </span>Sensibilit\u00e9 au risque de taux d\u2019int\u00e9r\u00eatLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>100 <span class=\"_ _3b\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>raisonnablement <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e. <span class=\"_ _3b\"></span></span>Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">tableau <span class=\"_ _3b\"></span>ci<span class=\"ffabe\">\u2011</span>dessous <span class=\"_ _37\"></span>permet </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier l\u2019impact d\u2019une telle variation.Impact maximum sur un an sur l\u2019<span class=\"_ _0\"></span>exposition nette au 31\ue662d\u00e9cembre 2022 d\u2019une variation par r<span class=\"_ _0\"></span>apport aux taux actuels\ue662*Impact sur les Impact sur capitaux (en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)int\u00e9r\u00eats\ue662netspropres avant imp\u00f4tsImpact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de +\ue61c1\ue61c%<span class=\"_ _2b2\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _129\"> </span>(4<span class=\"_ _3\"></span>)</span>Impact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de -\ue61c1\ue61c%<span class=\"_ _283\"> </span>4<span class=\"_ _b7\"> </span>4* <span class=\"ls63 ws63\">Le </span>calcul d\u2019impact prend en compte le dernier taux EURIBOR 3M utilis\u00e9 pour la 1L <span class=\"ls5e ws5e\">et </span>2L \u00e0 2,046\ue61e%.<span class=\"_ _30d\"> </span>\ue61e<span class=\"_ _eb\"> </span>\ue61e\ue61c8.5.3Risque de change8.5.3.<span class=\"_ _1\"></span>1Risque de conversionLes <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sont <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _65\"> </span>en\ue61ceuros. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>conversion <span class=\"_ _37\"></span>d\u00e9coule <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ce <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actifs, <span class=\"_ _3b\"></span>passifs, produits et <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>monnaie <span class=\"_ _3\"></span>fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di\ue61d\u00e9rente de <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>convertis <span class=\"_ _3b\"></span>en\ue61ceuros <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>applicable, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>\u00eatre inclus dans les comptes consolid\u00e9s du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariations <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>euro <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>investissements <span class=\"_ _47\"> </span>dans <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>filiales \u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>enr<span class=\"_ _0\"></span>egistr\u00e9es <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>poste <span class=\"_ _44\"> </span>\u00ab\ue61cE<span class=\"_ _0\"></span>carts <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion\ue61c\u00bb <span class=\"_\"> </span>des capitaux propres consolid\u00e9s<span class=\"_ _0\"></span>.La politique du Groupe est de ne pas couvrir le risque de conversion.Le <span class=\"ls0 ws0\">risque <span class=\"_ _3\"></span>de conversion <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie en <span class=\"_ _3\"></span>e\ue61dectuant des <span class=\"_ _3\"></span>analyses de sensibilit\u00e9 </span>sur les expositions <span class=\"_ _3\"></span>principales dans les filiales dont <span class=\"_ _3\"></span>la monnaie fonctionnelle est di\ue61d\u00e9rente de l\u2019<span class=\"_ _0\"></span>euro (voir ci<span class=\"ffabe\">\u2011</span>apr\u00e8s).8.5.3.2Risque de transaction - Op\u00e9rationnelL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>transactionnel <span class=\"_ _3\"></span>provient <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>achats <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des ventes <span class=\"_ _3b\"></span>r\u00e9alis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>filiales <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>monnaies <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>leur monnaie fonctionnelle.Le <span class=\"_ _64\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>transaction <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>plus <span class=\"_ _64\"> </span>important <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>son </span>exposition <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>dollar <span class=\"_ _3b\"></span>US <span class=\"_ _3b\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro. <span class=\"_ _3\"></span>Apr\u00e8s <span class=\"_ _3\"></span>avoir <span class=\"_ _3b\"></span>compens\u00e9 <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>achats <span class=\"_ _3b\"></span>en dollar <span class=\"_\"> </span>US <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ventes <span class=\"_\"> </span>en <span class=\"_\"> </span>dollar <span class=\"_ _44\"> </span>US, <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_\"> </span>nette <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>dollar <span class=\"_\"> </span>US contre <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>poursuivies <span class=\"_ _65\"> </span>\u00e9tait <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>position <span class=\"_ _65\"> </span>nette acheteuse <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>89\ue61cmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3b\"></span>US <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>(position <span class=\"_ _3b\"></span>nette <span class=\"_ _3b\"></span>acheteuse de 136\ue61cmillions de dollars US en 2021).La politique du Groupe consiste \u00e0\ue61f:\u2022demander <span class=\"_ _3\"></span>aux filiales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9aliser leurs <span class=\"_ _3\"></span>achats <span class=\"_ _3\"></span>autant que <span class=\"_ _3\"></span>possible <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>la devise de facturation des ventes\ue61f;\u2022demander <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>filiales <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>remonter <span class=\"_ _64\"> </span>r\u00e9guli\u00e8r<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>expositions pr\u00e9visionnelles <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>risque <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>change <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_ _65\"> </span>Groupe, <span class=\"_ _65\"> </span>qui consolide <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>expositions <span class=\"_ _60\"> </span>des <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>chaque <span class=\"_ _60\"> </span>devise. <span class=\"_ _61\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _61\"> </span></span>risque r\u00e9siduel <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>plus <span class=\"_ _3b\"></span>souvent <span class=\"_ _3\"></span>couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques en utilisant des contrats de change \u00e0 terme<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>produits <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>cycle <span class=\"_ _3\"></span>court <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>repr\u00e9sentent <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majeure <span class=\"_ _3\"></span>partie de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exposition, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>met <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>place <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>un horizon jusqu\u2019<span class=\"_ _0\"></span>\u00e0 6 mois. P<span class=\"_ _0\"></span>our les produits et ser<span class=\"_ _3\"></span>vices avec un cycle plus long, des couvertures peuvent \u00eatr<span class=\"_ _0\"></span>e mises en place sur un horizon sup\u00e9rieur<span class=\"_ _0\"></span>.Quel <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>l\u2019horizon <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe est <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>souscrire <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>instruments <span class=\"_ _44\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>\u00e8s <span class=\"_\"> </span>court <span class=\"_\"> </span>terme <span class=\"_ _44\"> </span>(quelques jours <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois), <span class=\"_ _44\"> </span>qu\u2019elle <span class=\"_ _37\"></span>renouvelle <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>son <span class=\"_ _37\"></span>exposition globale de <span class=\"_ _3\"></span>change suivie quotidiennement. <span class=\"_ _3\"></span>Les d\u00e9riv\u00e9s utilis\u00e9s <span class=\"_ _3\"></span>se limitent <span class=\"_ _3\"></span>\u00e0 des instruments usuels d\u00e9crits dans la note 8.3.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _46\"> </span>transactionnel <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _46\"> </span>commerciales <span class=\"_\"> </span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie <span class=\"_\"> </span>en </span>consolidant <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>expositions <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>libell\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>devise <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9alisant une analyse de sensibilit\u00e9 sur les principales expositions (voir ci<span class=\"ffac8\">\u2011</span>apr\u00e8s).8.5.3.3Risque de transaction - FinancierLa <span class=\"_ _3b\"></span>politique <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>centraliser <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>son financement <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>associ\u00e9, le <span class=\"_ _3\"></span>cas \u00e9ch\u00e9ant, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>niveau <span class=\"_ _3\"></span>de la T<span class=\"_ _23\"></span>r\u00e9sorerie Groupe.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majorit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>empruntent <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>pr\u00eatent</span>\ue61fleurs <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>tour satisfait <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>besoins <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>empruntant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>filiales <span class=\"_ _3b\"></span>qui ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>conclure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>transactions <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>en raison <span class=\"_\"> </span>de <span class=\"_\"> </span>lois <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>restrictions <span class=\"_\"> </span>locales <span class=\"_ _46\"> </span>peuvent <span class=\"_ _46\"> </span>emprunter <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investir aupr\u00e8s <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>banques <span class=\"_ _60\"> </span>locales <span class=\"_ _64\"> </span>conform\u00e9ment <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>r\u00e8gles <span class=\"_ _64\"> </span>\u00e9tablies <span class=\"_ _64\"> </span>par <span class=\"_ _64\"> </span>la T<span class=\"_ _23\"></span>r\u00e9sorerie du Groupe.La <span class=\"_ _46\"> </span>politique <span class=\"_ _61\"> </span>du <span class=\"_ _46\"> </span>Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _61\"> </span>que <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>empruntent <span class=\"_ _46\"> </span>ou investissent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>tr\u00e9sor<span class=\"_ _0\"></span>erie <span class=\"_\"> </span>dans <span class=\"_ _37\"></span>leur <span class=\"_\"> </span>monnaie <span class=\"_ _37\"></span>fonctionnelle. Afin <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9quilibrer <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>devises <span class=\"_ _64\"> </span>emprunt\u00e9es <span class=\"_ _60\"> </span>par <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>groupe V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>devises <span class=\"_ _47\"> </span>pr\u00eat\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>recourir <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de devises <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>libell\u00e9s <span class=\"_ _3\"></span>en\ue61feuros, <span class=\"_ _3\"></span>en dollars US et en livres sterling <span class=\"_ _3\"></span>qui sont pr\u00eat\u00e9s respectivement aux filiales du groupe <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffac8\">\u2011</span>Unis et <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>Angleterre <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(ii) <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>emprunts libell\u00e9s en <span class=\"_ _3\"></span>dollar US, \u00e0 l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur <span class=\"_ _3\"></span>ou aupr\u00e8s <span class=\"_ _3\"></span>des filiales du <span class=\"_ _3\"></span>Groupe en\ue61feuros. Les <span class=\"_\"> </span>points <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>terme <span class=\"_\"> </span>(report/d\u00e9port) <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>ces <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de <span class=\"_\"> </span>devises <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont comptabilis\u00e9s <span class=\"_ _44\"> </span>comme <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"></span>et <span class=\"_ _44\"> </span>charges <span class=\"_ _44\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>g\u00e9n\u00e9r\u00e9 <span class=\"_ _44\"> </span>une charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>2,5\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1,4\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros en 2021.8.5.3.<span class=\"_ _0\"></span>4Sensibilit\u00e9 au risque de changeLe <span class=\"ls0 ws0\">Groupe est principalement expos\u00e9 au dollar US contre euro<span class=\"_ _0\"></span>.</span>Le <span class=\"_ _37\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _37\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _37\"></span>dollar <span class=\"_ _37\"></span>US </span>contre euro <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>hypoth\u00e8se <span class=\"_ _3\"></span>raisonnable. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>tableau <span class=\"_ _3b\"></span>ci<span class=\"ffac8\">\u2011</span>dessous permet <span class=\"_ _44\"> </span>donc <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier <span class=\"_ _44\"> </span>l\u2019impact <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>hausse <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>10\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>dollar <span class=\"_ _44\"> </span>face <span class=\"_ _44\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>euro <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>activit\u00e9s <span class=\"_ _46\"> </span>poursuivies <span class=\"_ _46\"> </span>avant <span class=\"_ _46\"> </span>charges <span class=\"_ _46\"> </span>financi\u00e8res nettes <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>imp\u00f4ts <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _37\"></span>(\u00e9carts <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>conversion). <span class=\"_ _44\"></span>Une baisse <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>la <span class=\"_ _37\"></span>parit\u00e9 <span class=\"_ _37\"></span>aurait <span class=\"_ _44\"></span>un <span class=\"_ _37\"></span>impact <span class=\"_ _37\"></span>sym\u00e9trique <span class=\"_ _44\"> </span>avec <span class=\"_ _37\"></span>les <span class=\"_ _44\"></span>m\u00eames montants <span class=\"_ _60\"> </span>mais <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>sens <span class=\"_ _64\"> </span>oppos\u00e9. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>estimations <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>faites <span class=\"_ _60\"> </span>en supposant qu\u2019<span class=\"_ _0\"></span>aucune couverture ne serait mise en place<span class=\"_ _0\"></span>.2022 (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)<span class=\"_ _131\"> </span><span class=\"ffaca fs5b\">T<span class=\"_ _f\"></span>ransaction<span class=\"_ _a7\"> </span>Conversion<span class=\"_ _30\"> </span><span class=\"ffacb fcc\">Total</span></span>(1)R\u00e9sultat avant char<span class=\"_ _0\"></span>ges financi\u00e8res et imp\u00f4t des activit\u00e9s poursuivies\ue61f<span class=\"_ _d2\"> </span>(9)<span class=\"_ _2c1\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _8f\"> </span>(12)(2)Impact sur capitaux pr<span class=\"_ _0\"></span>opres (\u00e9carts de conversion)\ue61f<span class=\"_ _275\"> </span>\ue61f<span class=\"_ _21\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _f3\"> </span>74</span>(1) Impact sur le r\u00e9sultat a<span class=\"_ _0\"></span>vant charges financi\u00e8res <span class=\"ls5e ws5e\">et </span>imp\u00f4t des activit\u00e9s poursuivies\ue61e:\u2014le risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transaction sur <span class=\"_ _3\"></span>le\ue61er\u00e9sultat <span class=\"_ _3\"></span>avant charges financi\u00e8res <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>imp\u00f4t des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies\ue61eest calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% sur <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US contre l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US (ventes <span class=\"_ _3\"></span>moins <span class=\"_ _3\"></span>achats) de <span class=\"_ _3\"></span>toutes <span class=\"_ _3\"></span>les filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>devise fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et </span>sur <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>de toutes <span class=\"_ _3\"></span>les filiales dont la devise fonctionnelle est le dollar US\ue61e;\u2014le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conversion <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>profits <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>devise fonc<span class=\"_ _3\"></span>tionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>le dollar <span class=\"ls63 ws63\">US.</span>(2) <span class=\"_ _3\"></span>Impact <span class=\"_ _3\"></span>sur les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres\ue61e: l\u2019impac<span class=\"_ _3\"></span>t sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres est <span class=\"_ _3\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant une <span class=\"_ _3\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les investissements nets dans les filiales \u00e9trang\u00e8r<span class=\"_ _0\"></span>es dont la devise fonctionnelle est le dollar <span class=\"ls63 ws63\">US.</span>Le <span class=\"ls0 ws0\">risque de cr\u00e9dit r\u00e9sulte de la possibilit\u00e9 que les contreparties ne puissent </span>pas remplir leurs obligations financi\u00e8res env<span class=\"_ _0\"></span>ers V<span class=\"_ _1\"></span>antiva.\u2022le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>g\u00e9r\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>chaque <span class=\"_ _3b\"></span>division op\u00e9rationnelle sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>politiques <span class=\"_ _3\"></span>prenant <span class=\"_ _3\"></span>en compte <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>qualit\u00e9 <span class=\"_ _3\"></span>du cr\u00e9dit <span class=\"_\"> </span>et <span class=\"_\"> </span>l\u2019historique <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>clients. <span class=\"_\"> </span><span class=\"ls2 ws2\">De <span class=\"_ _46\"> </span></span>temps <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>autre<span class=\"_ _0\"></span>, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>peut d\u00e9cider <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vendre <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales pour <span class=\"_ _3\"></span>g\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>sous<span class=\"ffac8\">\u2011</span>jacent. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>maximum sur <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>cr\u00e9ances <span class=\"_ _64\"> </span>clients <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>correspond <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>valeur comptable nette de ces actifs\ue61f;\u2022avec <span class=\"_ _3b\"></span>167\ue61fmillions <span class=\"_ _37\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>minimise <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>risque <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>limitant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>d\u00e9p\u00f4ts dans <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>banque <span class=\"_\"> </span>et <span class=\"_ _61\"> </span>en <span class=\"_\"> </span>privil\u00e9giant <span class=\"_ _61\"> </span>les <span class=\"_\"> </span>d\u00e9p\u00f4ts <span class=\"_ _46\"> </span>r\u00e9alis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>des \u00e9tablissements <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _65\"> </span>bonne <span class=\"_ _64\"> </span>notation, <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>en investissant <span class=\"_ _3b\"></span>occasionnellement <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>fonds <span class=\"_ _3b\"></span>mon\u00e9taires <span class=\"_ _3b\"></span>diversifi\u00e9s <span class=\"_ _3\"></span>ettr\u00e8s <span class=\"_ _3\"></span>liquides. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pos\u00e9e <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>notation <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cr\u00e9dit <span class=\"_ _46\"> </span>\u00e9lev\u00e9e, <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investie <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>fonds mon\u00e9taires diversifi\u00e9s \u00e0 notation \u00e9lev\u00e9e (<span class=\"_ _0\"></span>AAA)\ue61f;\u2022Les <span class=\"_ _3\"></span>instruments <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>g\u00e9rer <span class=\"_ _3\"></span>son risque <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>tous <span class=\"_ _44\"> </span>conclus <span class=\"_ _37\"></span>avec <span class=\"_ _44\"></span>des <span class=\"_ _37\"></span>contreparties b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _64\"> </span>notation <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>au <span class=\"_ _64\"> </span>moins <span class=\"_ _64\"> </span>\u00e9gale <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>A<span class=\"ffac8\">\u2011</span>2 <span class=\"_ _64\"> </span>selon Standard &amp; <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>oor\u2019<span class=\"_ _0\"></span>s. <span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>risque de <span class=\"_ _3\"></span>cr\u00e9dit sur <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>op\u00e9rations est att\u00e9nu\u00e9 <span class=\"_ _3\"></span>par la <span class=\"_ _37\"></span>maturit\u00e9 <span class=\"_ _37\"></span>court <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>op\u00e9rations <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>change, <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>la politique <span class=\"_ _3\"></span>de couverture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>juste <span class=\"_ _3\"></span>valeur comptable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce fait une bonne indication du risque de cr\u00e9dit maximum encouru.Les <span class=\"_ _60\"> </span>clients <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>principalement <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>grands <span class=\"_ _60\"> </span>op\u00e9rateurs <span class=\"_ _60\"> </span>de r\u00e9seaux <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>grands <span class=\"_ _3b\"></span>studios.\ue61fLe <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>augmentation significative <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>impay\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>continue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>surveiller <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> </span>m\u00eame, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _47\"> </span>ne <span class=\"_ _47\"> </span>trav<span class=\"_ _0\"></span>aille <span class=\"_\"> </span>qu\u2019<span class=\"_ _0\"></span>avec <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>contreparties <span class=\"_\"> </span>financi\u00e8res <span class=\"_ _44\"> </span>tr\u00e8s bien not\u00e9es.Actifs financiers transf\u00e9r\u00e9s non r<span class=\"_ _0\"></span>econnusLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>utiliser <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>accords <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>recouvrir <span class=\"_ _3b\"></span>certaines </span>de ses <span class=\"_ _3\"></span>cr\u00e9ances. Au 31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, le <span class=\"_ _3\"></span>Groupe n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>conclu aucun <span class=\"_ _3\"></span>accord pour lequel <span class=\"_ _3\"></span>il continue <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00eatre <span class=\"_ _3\"></span>impliqu\u00e9 au<span class=\"ffad2\">\u2011</span>del\u00e0 <span class=\"_ _3\"></span>du risque <span class=\"_ _3\"></span>commercial et <span class=\"_ _3\"></span>des repr\u00e9sentations <span class=\"_ _3\"></span>normales <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>garanties <span class=\"_ _3b\"></span>relatives <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>transfert <span class=\"_ _3b\"></span>frauduleux et <span class=\"_ _37\"></span>aux <span class=\"_ _37\"> </span>concepts <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>caract\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _44\"> </span>raisonnable<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>bonne <span class=\"_ _37\"></span>foi <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>qui <span class=\"_ _37\"> </span>pourraient invalider <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>transfert <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>action <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>justice. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>montant <span class=\"_ _3b\"></span>attribu\u00e9 au <span class=\"_ _44\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9gal <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>77\ue61emillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>associ\u00e9 <span class=\"_ _44\"> </span>est d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _6f\"> </span>2,<span class=\"_ _0\"></span>4\ue61emillions <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _6f\"> </span>et <span class=\"_ _6f\"> </span>pr\u00e9sent\u00e9 <span class=\"_ _4c\"> </span>avec <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>autres <span class=\"_ _6f\"> </span>charges financi\u00e8res<span class=\"_ _0\"></span>.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _46\"> </span>partie <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>plusieurs <span class=\"_ _46\"> </span>programmes <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage </span>invers\u00e9 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>escompte <span class=\"_ _61\"> </span>mis <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>place <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>clients. <span class=\"_ _61\"> </span>Ces <span class=\"_ _61\"> </span>programmes permettent <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9lais <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>paiement <span class=\"_ _3b\"></span>raccourcis<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>en particulier <span class=\"_ _4c\"> </span>pour <span class=\"_ _66\"> </span>certains <span class=\"_ _4c\"> </span>clients <span class=\"_ _4c\"> </span>dont <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>d\u00e9lais <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>paiement <span class=\"_ _4c\"> </span>sont exceptionnellement <span class=\"_ _6f\"> </span>longs <span class=\"_ _28\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _28\"> </span>aux <span class=\"_ _28\"> </span>pratiques <span class=\"_ _28\"> </span>commerciales habituelles. <span class=\"_ _3b\"></span>Comme <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>commercial <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9teint <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>estim\u00e9 <span class=\"_ _37\"></span>nul <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>fait de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>reconnaissance <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client, <span class=\"_ _3b\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>aucune <span class=\"_ _3b\"></span>implication continue associ\u00e9e \u00e0 ces programmes<span class=\"_ _0\"></span>.8.5.5Risque de liquidit\u00e9 et gestion du financement et de la structure du capitalLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">risque <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9pondre </span>aux <span class=\"_ _61\"> </span>obligations <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _61\"> </span>lorsqu\u2019<span class=\"_ _0\"></span>elles <span class=\"_ _61\"> </span>sur<span class=\"_ _3\"></span>viennent. <span class=\"_ _61\"> </span>Afin <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9duire <span class=\"_ _61\"> </span>ce risque, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>applique <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>r\u00e8gles <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>objectif <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>s\u00e9curiser <span class=\"_ _37\"></span>un acc\u00e8s <span class=\"_ _3b\"></span>permanent <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ininterrompu <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3b\"></span>financiers <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>conditions raisonnables<span class=\"_ _0\"></span>.Cette <span class=\"_ _44\"> </span>politique <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>con\u00e7ue <span class=\"_\"> </span>gr\u00e2ce <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>suivi <span class=\"_\"> </span>r\u00e9gulier <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>d\u00e9taill\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>la structure du <span class=\"_ _3\"></span>capital, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tenant <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>proportion relative <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette et <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>capitaux <span class=\"_\"> </span>propres, <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>march\u00e9s <span class=\"_ _46\"> </span>financiers <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>des objectifs et pr\u00e9visions financi\u00e8res du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _64\"> </span>\u00e9l\u00e9ments <span class=\"_ _65\"> </span>pris <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>compte <span class=\"_ _65\"> </span>parmi <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>calendrier <span class=\"_ _65\"> </span>des \u00e9ch\u00e9ances <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>remboursement de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>conventionnelles<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>les \ufb02ux <span class=\"_ _3\"></span>pr\u00e9visionnels de <span class=\"_ _3\"></span>tr\u00e9sorerie consolid\u00e9s, l\u2019acc\u00e8s aux <span class=\"_ _3\"></span>march\u00e9s financiers <span class=\"_ _3\"></span>et les besoins de financement.Afin <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>mettre <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u0153uvre <span class=\"_ _3b\"></span>cette <span class=\"_ _37\"> </span>politique <span class=\"_ _37\"> </span>d\u2019acc\u00e8s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>liquidit\u00e9, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe utilise divers financements <span class=\"_ _3\"></span>long terme <span class=\"_ _3\"></span>et confirm\u00e9s <span class=\"_ _3\"></span>qui peuvent inclure des capitaux <span class=\"_ _3\"></span>propr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>(voir <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>7), de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>(voir note <span class=\"_ _3\"></span>8.2.1), et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>lignes de cr\u00e9dit confirm\u00e9es (voir ci<span class=\"ffad2\">\u2011</span>apr\u00e8s).Les <span class=\"_ _3b\"></span>tableaux <span class=\"_ _44\"> </span>ci<span class=\"ffad2\">\u2011</span>dessous <span class=\"_ _37\"></span>montrent <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>obligations <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>\ufb02ux <span class=\"_ _3b\"></span>futurs <span class=\"_ _44\"> </span>contractuels <span class=\"_ _3b\"></span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>passifs <span class=\"_ _37\"></span>financiers. <span class=\"_ _3b\"></span>Les <span class=\"_ _37\"> </span>\ufb02ux <span class=\"_ _37\"> </span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>instruments <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>taux variable ont \u00e9t\u00e9 calcul\u00e9s sur les taux en vigueur aux 31\ue61ed\u00e9cembre 2022.31\ue662d\u00e9cembre 2022\ue61e2023<span class=\"ffad2\">\u2011<span class=\"ffad4\">S1<span class=\"_ _bd\"> </span></span></span>2023<span class=\"ffad2\">\u2011</span>S2<span class=\"_ _3f\"> </span>2024<span class=\"_ _3f\"> </span>2025<span class=\"_ _3f\"> </span>2026<span class=\"_ _bf\"> </span>2027<span class=\"_ _7c\"> </span>Apr\u00e8s<span class=\"_ _e\"> </span><span class=\"ffad5 fcc\">Total</span>Barclays 1L<span class=\"_ _33e\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250AG 2L<span class=\"_ _13f\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>125<span class=\"_ _ae\"> </span>-<span class=\"_ _8c\"> </span>125Int\u00ear\u00e9ts courus - 1L 2L<span class=\"_ _1f3\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Int\u00ear\u00e9ts capitalis\u00e9s PIK - 1L 2L<span class=\"_ _32b\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>4<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _5c\"> </span>6Dettes de loyers<span class=\"_ _1e6\"> </span>11<span class=\"_ _17c\"> </span>11<span class=\"_ _17c\"> </span>17<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>5<span class=\"_ _5c\"> </span>6<span class=\"_ _89\"> </span>8<span class=\"_ _94\"> </span>66Autre dettes<span class=\"_ _33f\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Dette totale \u2013 remboursement du nominal<span class=\"_ _190\"> </span>12<span class=\"_ _1fd\"> </span><span class=\"ffad4\">11<span class=\"_ _188\"> </span></span>17<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _11\"> </span></span>259<span class=\"_ _17f\"> </span>132<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _2f\"> </span></span>448Ajustement IFRS<span class=\"_ _54\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>(17)DETTE EN IFRS<span class=\"_ _330\"> </span>\ue662<span class=\"_ _d1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>430\ue61e<span class=\"_ _340\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S1<span class=\"_ _10d\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S2<span class=\"_ _ad\"> </span>2024<span class=\"_ _1b6\"> </span>2025<span class=\"_ _ad\"> </span>2026<span class=\"_ _1b6\"> </span>2027<span class=\"_ _93\"> </span>Apr\u00e8s<span class=\"_ _96\"> </span>T<span class=\"_ _f\"></span>otalInt\u00ear\u00e9ts courus 1L &amp; 2L<span class=\"_ _30e\"> </span>10<span class=\"_ _188\"> </span>10<span class=\"_ _ac\"> </span>21<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _69\"> </span></span>22<span class=\"_ _c8\"> </span>3<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>89Int\u00ear\u00e9ts capitalis\u00e9s PIK 1L &amp; 2L<span class=\"_ _1f4\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _94\"> </span>50<span class=\"_ _69\"> </span>36<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>86Dettes de loyers - int\u00ear<span class=\"_ _0\"></span>\u00e9ts<span class=\"_ _99\"> </span>7<span class=\"_ _89\"> </span>6<span class=\"_ _5c\"> </span>4<span class=\"_ _c8\"> </span>3<span class=\"_ _89\"> </span>2<span class=\"_ _180\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _ab\"> </span>23Autre dettes - int\u00ear\u00e9ts<span class=\"_ _1f3\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES VERSEMENTS D<span class=\"_ _0\"></span>\u2019INT\u00c9R\u00caTS<span class=\"_ _23f\"> </span>16<span class=\"_ _ab\"> </span>16<span class=\"_ _94\"> </span>25<span class=\"_ _69\"> </span>27<span class=\"_ _69\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _18f\"> </span></span>40<span class=\"_ _ae\"> </span><span class=\"ffad4\">1<span class=\"_ _27\"> </span></span>199\ue61eLes <span class=\"_ _3\"></span>obligations <span class=\"_ _3b\"></span>contractuelles <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>courante <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>consid\u00e9r\u00e9es <span class=\"_ _3b\"></span>comme <span class=\"_ _3\"></span>\u00e9tant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>montants <span class=\"_ _3\"></span>inscrits <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la situation financi\u00e8re consolid\u00e9e<span class=\"_ _0\"></span>.Lignes de cr\u00e9dit(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffadc fc1\">2021</span>Lignes de cr\u00e9dit confirm\u00e9es non tir\u00e9es avec \u00e9ch\u00e9ance de plus d\u2019un an<span class=\"_ _22f\"> </span>117<span class=\"_ _2e\"> </span>110\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>dispose\ue61fd\u2019une <span class=\"_ _3\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>confirm\u00e9e <span class=\"_ _3\"></span>garantie <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>total <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>125\ue61fmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3\"></span>US, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>117\ue61fmillions </span>d\u2019<span class=\"_ _0\"></span>euros au <span class=\"_ _3\"></span>cours du <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022 <span class=\"_ _3\"></span>(la <span class=\"_ _3\"></span>\u00ab\ue61fligne de <span class=\"_ _3\"></span>cr\u00e9dit W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb), <span class=\"_ _3\"></span>arrivant \u00e0 <span class=\"_ _3\"></span>\u00e9ch\u00e9ance en <span class=\"_ _3\"></span>2026. La <span class=\"_ _3\"></span>disponibilit\u00e9 de <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>ligne d\u00e9pend <span class=\"_ _3\"></span>de l\u2019en<span class=\"ffadd\">\u2011</span>cours des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2022 <span class=\"_ _3\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>disponible <span class=\"_ _3b\"></span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>hauteur <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>91\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit confirm\u00e9e n\u2019<span class=\"_ _0\"></span>est pas utilis\u00e9e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-191-3": {
   "value": "8.5.<span class=\"_ _1\"></span>1<span class=\"_ _86\"> </span>Risque de march\u00e9V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>expos\u00e9 <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>financiers, <span class=\"_\"> </span>dont <span class=\"_ _61\"> </span>principalement <span class=\"_\"> </span>les risques <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>march\u00e9 <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _44\"> </span>aux <span class=\"_ _37\"></span>\ufb02uctuations <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>cours <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>des <span class=\"_ _37\"></span>taux d\u2019int\u00e9r\u00eat, le risque de liquidit\u00e9 et le risque de cr\u00e9dit.Les <span class=\"_ _3b\"></span>risques <span class=\"_ _37\"></span>financiers <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>g\u00e9r\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>mani\u00e8re <span class=\"_ _37\"></span>centrale <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>son service <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>tr\u00e9sorerie <span class=\"_ _61\"> </span>Groupe <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>F<span class=\"_ _0\"></span>rance <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>son <span class=\"_ _60\"> </span>service <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>tr\u00e9sorerie r\u00e9gional <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>Ontario <span class=\"_ _60\"> </span>(Californie <span class=\"_ _60\"> </span>\u2013 <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffabe\">\u2011</span>Unis), <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>conformit\u00e9 <span class=\"_ _64\"> </span>avec <span class=\"_ _60\"> </span>les politiques et les proc\u00e9dures du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _60\"> </span>risques <span class=\"_ _60\"> </span>financiers <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>march\u00e9 <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>suivis <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>permanence <span class=\"_ _60\"> </span>et <span class=\"_ _60\"> </span>sont pr\u00e9sent\u00e9s <span class=\"_ _1a\"> </span>r\u00e9guli\u00e8rement <span class=\"_ _1a\"> </span>au <span class=\"_ _b\"> </span>Dir<span class=\"_ _0\"></span>ecteur <span class=\"_ _b\"> </span>financier<span class=\"_ _1\"></span>, <span class=\"_ _b\"> </span>au <span class=\"_ _1a\"> </span>Comit\u00e9 d\u2019Investissement <span class=\"_\"> </span>et <span class=\"_\"> </span>au <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_\"> </span>d\u2019<span class=\"_ _f\"></span>Audit <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>l\u2019interm\u00e9diaire <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>di\ue61d\u00e9rents rapports <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"> </span>r\u00e9sument <span class=\"_\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>aux <span class=\"_\"> </span>di\ue61d\u00e9rents <span class=\"_ _47\"> </span>risques ainsi que le d\u00e9tail des op\u00e9rations mises en place pour r\u00e9duir<span class=\"_ _0\"></span>e ces risques.La <span class=\"_\"> </span>gestion <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>risques <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9troitement <span class=\"_ _47\"> </span>encadr\u00e9e <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>limites <span class=\"_\"> </span>et <span class=\"_\"> </span>des autorisations, <span class=\"_\"> </span>approuv\u00e9es <span class=\"_ _61\"> </span>par <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Comit\u00e9 <span class=\"_ _61\"> </span>d\u2019Inv<span class=\"_ _0\"></span>estissement <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>chaque type de transaction, et contr\u00f4l\u00e9es par le d\u00e9partement de contr<span class=\"_ _0\"></span>\u00f4le interne.8.5.3Risque de change8.5.3.<span class=\"_ _1\"></span>1Risque de conversionLes <span class=\"_ _65\"> </span>\u00e9tats <span class=\"_ _64\"> </span>financiers <span class=\"_ _65\"> </span>consolid\u00e9s <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>sont <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9s <span class=\"_ _65\"> </span>en\ue61ceuros. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>conversion <span class=\"_ _37\"></span>d\u00e9coule <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ce <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actifs, <span class=\"_ _3b\"></span>passifs, produits et <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>monnaie <span class=\"_ _3\"></span>fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>di\ue61d\u00e9rente de <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>convertis <span class=\"_ _3b\"></span>en\ue61ceuros <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>applicable, <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>\u00eatre inclus dans les comptes consolid\u00e9s du Groupe<span class=\"_ _0\"></span>.Les <span class=\"_\"> </span>v<span class=\"_ _0\"></span>ariations <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>euro <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>investissements <span class=\"_ _47\"> </span>dans <span class=\"_ _47\"> </span>les <span class=\"_\"> </span>filiales \u00e9trang\u00e8res <span class=\"_ _44\"> </span>sont <span class=\"_\"> </span>enr<span class=\"_ _0\"></span>egistr\u00e9es <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>poste <span class=\"_ _44\"> </span>\u00ab\ue61cE<span class=\"_ _0\"></span>carts <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>conversion\ue61c\u00bb <span class=\"_\"> </span>des capitaux propres consolid\u00e9s<span class=\"_ _0\"></span>.La politique du Groupe est de ne pas couvrir le risque de conversion.Le <span class=\"ls0 ws0\">risque <span class=\"_ _3\"></span>de conversion <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie en <span class=\"_ _3\"></span>e\ue61dectuant des <span class=\"_ _3\"></span>analyses de sensibilit\u00e9 </span>sur les expositions <span class=\"_ _3\"></span>principales dans les filiales dont <span class=\"_ _3\"></span>la monnaie fonctionnelle est di\ue61d\u00e9rente de l\u2019<span class=\"_ _0\"></span>euro (voir ci<span class=\"ffabe\">\u2011</span>apr\u00e8s).8.5.3.2Risque de transaction - Op\u00e9rationnelL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>change <span class=\"_ _3\"></span>transactionnel <span class=\"_ _3\"></span>provient <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>achats <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>des ventes <span class=\"_ _3b\"></span>r\u00e9alis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>filiales <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>monnaies <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>leur monnaie fonctionnelle.Le <span class=\"_ _64\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>transaction <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>plus <span class=\"_ _64\"> </span>important <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>son </span>exposition <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>dollar <span class=\"_ _3b\"></span>US <span class=\"_ _3b\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro. <span class=\"_ _3\"></span>Apr\u00e8s <span class=\"_ _3\"></span>avoir <span class=\"_ _3b\"></span>compens\u00e9 <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>achats <span class=\"_ _3b\"></span>en dollar <span class=\"_\"> </span>US <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ventes <span class=\"_\"> </span>en <span class=\"_\"> </span>dollar <span class=\"_ _44\"> </span>US, <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_\"> </span>nette <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>dollar <span class=\"_\"> </span>US contre <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _65\"> </span>pour <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>activit\u00e9s <span class=\"_ _65\"> </span>poursuivies <span class=\"_ _65\"> </span>\u00e9tait <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>position <span class=\"_ _65\"> </span>nette acheteuse <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>89\ue61cmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3b\"></span>US <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>(position <span class=\"_ _3b\"></span>nette <span class=\"_ _3b\"></span>acheteuse de 136\ue61cmillions de dollars US en 2021).La politique du Groupe consiste \u00e0\ue61f:\u2022demander <span class=\"_ _3\"></span>aux filiales <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9aliser leurs <span class=\"_ _3\"></span>achats <span class=\"_ _3\"></span>autant que <span class=\"_ _3\"></span>possible <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>la devise de facturation des ventes\ue61f;\u2022demander <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>filiales <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>remonter <span class=\"_ _64\"> </span>r\u00e9guli\u00e8r<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>expositions pr\u00e9visionnelles <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>risque <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>change <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_ _65\"> </span>Groupe, <span class=\"_ _65\"> </span>qui consolide <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>expositions <span class=\"_ _60\"> </span>des <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>chaque <span class=\"_ _60\"> </span>devise. <span class=\"_ _61\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _61\"> </span></span>risque r\u00e9siduel <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>plus <span class=\"_ _3b\"></span>souvent <span class=\"_ _3\"></span>couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques en utilisant des contrats de change \u00e0 terme<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>produits <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>cycle <span class=\"_ _3\"></span>court <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>repr\u00e9sentent <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majeure <span class=\"_ _3\"></span>partie de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exposition, <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>met <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>place <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>un horizon jusqu\u2019<span class=\"_ _0\"></span>\u00e0 6 mois. P<span class=\"_ _0\"></span>our les produits et ser<span class=\"_ _3\"></span>vices avec un cycle plus long, des couvertures peuvent \u00eatr<span class=\"_ _0\"></span>e mises en place sur un horizon sup\u00e9rieur<span class=\"_ _0\"></span>.Quel <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>soit <span class=\"_ _3\"></span>l\u2019horizon <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>couverture, <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>pratique <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>Groupe est <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>souscrire <span class=\"_\"> </span>des <span class=\"_ _47\"> </span>instruments <span class=\"_ _44\"> </span>d\u00e9riv\u00e9s <span class=\"_\"> </span>de <span class=\"_\"> </span>tr<span class=\"_ _0\"></span>\u00e8s <span class=\"_\"> </span>court <span class=\"_\"> </span>terme <span class=\"_ _44\"> </span>(quelques jours <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois), <span class=\"_ _44\"> </span>qu\u2019elle <span class=\"_ _37\"></span>renouvelle <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>son <span class=\"_ _37\"></span>exposition globale de <span class=\"_ _3\"></span>change suivie quotidiennement. <span class=\"_ _3\"></span>Les d\u00e9riv\u00e9s utilis\u00e9s <span class=\"_ _3\"></span>se limitent <span class=\"_ _3\"></span>\u00e0 des instruments usuels d\u00e9crits dans la note 8.3.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">risque <span class=\"_ _46\"> </span>transactionnel <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>expositions <span class=\"_ _46\"> </span>commerciales <span class=\"_\"> </span>s\u2019<span class=\"_ _0\"></span>appr\u00e9cie <span class=\"_\"> </span>en </span>consolidant <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>expositions <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _37\"></span>libell\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>devise <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>r\u00e9alisant une analyse de sensibilit\u00e9 sur les principales expositions (voir ci<span class=\"ffac8\">\u2011</span>apr\u00e8s).8.5.3.3Risque de transaction - FinancierLa <span class=\"_ _3b\"></span>politique <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>centraliser <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>son financement <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>associ\u00e9, le <span class=\"_ _3\"></span>cas \u00e9ch\u00e9ant, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>niveau <span class=\"_ _3\"></span>de la T<span class=\"_ _23\"></span>r\u00e9sorerie Groupe.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>majorit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>empruntent <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>pr\u00eatent</span>\ue61fleurs <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>tr\u00e9sorerie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>r\u00e9sorerie <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>tour satisfait <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>besoins <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>empruntant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>filiales <span class=\"_ _3b\"></span>qui ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>conclure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>transactions <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>en raison <span class=\"_\"> </span>de <span class=\"_\"> </span>lois <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>restrictions <span class=\"_\"> </span>locales <span class=\"_ _46\"> </span>peuvent <span class=\"_ _46\"> </span>emprunter <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investir aupr\u00e8s <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>banques <span class=\"_ _60\"> </span>locales <span class=\"_ _64\"> </span>conform\u00e9ment <span class=\"_ _64\"> </span>aux <span class=\"_ _64\"> </span>r\u00e8gles <span class=\"_ _64\"> </span>\u00e9tablies <span class=\"_ _64\"> </span>par <span class=\"_ _64\"> </span>la T<span class=\"_ _23\"></span>r\u00e9sorerie du Groupe.La <span class=\"_ _46\"> </span>politique <span class=\"_ _61\"> </span>du <span class=\"_ _46\"> </span>Groupe <span class=\"_ _61\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _61\"> </span>que <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>filiales <span class=\"_ _61\"> </span>empruntent <span class=\"_ _46\"> </span>ou investissent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>exc\u00e9dents <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>tr\u00e9sor<span class=\"_ _0\"></span>erie <span class=\"_\"> </span>dans <span class=\"_ _37\"></span>leur <span class=\"_\"> </span>monnaie <span class=\"_ _37\"></span>fonctionnelle. Afin <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9quilibrer <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>devises <span class=\"_ _64\"> </span>emprunt\u00e9es <span class=\"_ _60\"> </span>par <span class=\"_ _64\"> </span>la <span class=\"_ _60\"> </span>T<span class=\"_ _f\"></span>r\u00e9sorerie <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>groupe V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>avec <span class=\"_\"> </span>les <span class=\"_\"> </span>devises <span class=\"_ _47\"> </span>pr\u00eat\u00e9es<span class=\"_ _0\"></span>, <span class=\"_\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>recourir <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de devises <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>(i) <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>emprunts <span class=\"_ _3b\"></span>libell\u00e9s <span class=\"_ _3\"></span>en\ue61feuros, <span class=\"_ _3\"></span>en dollars US et en livres sterling <span class=\"_ _3\"></span>qui sont pr\u00eat\u00e9s respectivement aux filiales du groupe <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffac8\">\u2011</span>Unis et <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>Angleterre <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(ii) <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>convertir <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>emprunts libell\u00e9s en <span class=\"_ _3\"></span>dollar US, \u00e0 l\u2019<span class=\"_ _0\"></span>ext\u00e9rieur <span class=\"_ _3\"></span>ou aupr\u00e8s <span class=\"_ _3\"></span>des filiales du <span class=\"_ _3\"></span>Groupe en\ue61feuros. Les <span class=\"_\"> </span>points <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>terme <span class=\"_\"> </span>(report/d\u00e9port) <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>ces <span class=\"_\"> </span><span class=\"ffac9 ls4e ws4e\">swaps<span class=\"_\"> </span></span> de <span class=\"_\"> </span>devises <span class=\"_\"> </span>qui <span class=\"_\"> </span>sont comptabilis\u00e9s <span class=\"_ _44\"> </span>comme <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>produits <span class=\"_ _44\"></span>et <span class=\"_ _44\"> </span>charges <span class=\"_ _44\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>g\u00e9n\u00e9r\u00e9 <span class=\"_ _44\"> </span>une charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>2,5\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>charge <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>1,4\ue61fmillion <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros en 2021.8.5.3.<span class=\"_ _0\"></span>4Sensibilit\u00e9 au risque de changeLe <span class=\"ls0 ws0\">Groupe est principalement expos\u00e9 au dollar US contre euro<span class=\"_ _0\"></span>.</span>Le <span class=\"_ _37\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _37\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _3b\"></span>parit\u00e9 <span class=\"_ _37\"></span>dollar <span class=\"_ _37\"></span>US </span>contre euro <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e, <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>hypoth\u00e8se <span class=\"_ _3\"></span>raisonnable. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>tableau <span class=\"_ _3b\"></span>ci<span class=\"ffac8\">\u2011</span>dessous permet <span class=\"_ _44\"> </span>donc <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier <span class=\"_ _44\"> </span>l\u2019impact <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>hausse <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>10\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>dollar <span class=\"_ _44\"> </span>face <span class=\"_ _44\"> </span>\u00e0 l\u2019<span class=\"_ _0\"></span>euro <span class=\"_\"> </span>sur <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>r\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>activit\u00e9s <span class=\"_ _46\"> </span>poursuivies <span class=\"_ _46\"> </span>avant <span class=\"_ _46\"> </span>charges <span class=\"_ _46\"> </span>financi\u00e8res nettes <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>imp\u00f4ts <span class=\"_ _44\"></span>et <span class=\"_ _37\"></span>sur <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>capitaux <span class=\"_ _44\"> </span>propres <span class=\"_ _37\"></span>(\u00e9carts <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>conversion). <span class=\"_ _44\"></span>Une baisse <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>10\ue61f% <span class=\"_ _37\"></span>de <span class=\"_ _44\"></span>la <span class=\"_ _37\"></span>parit\u00e9 <span class=\"_ _37\"></span>aurait <span class=\"_ _44\"></span>un <span class=\"_ _37\"></span>impact <span class=\"_ _37\"></span>sym\u00e9trique <span class=\"_ _44\"> </span>avec <span class=\"_ _37\"></span>les <span class=\"_ _44\"></span>m\u00eames montants <span class=\"_ _60\"> </span>mais <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>le <span class=\"_ _60\"> </span>sens <span class=\"_ _64\"> </span>oppos\u00e9. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>estimations <span class=\"_ _60\"> </span>sont <span class=\"_ _64\"> </span>faites <span class=\"_ _60\"> </span>en supposant qu\u2019<span class=\"_ _0\"></span>aucune couverture ne serait mise en place<span class=\"_ _0\"></span>.2022 (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)<span class=\"_ _131\"> </span><span class=\"ffaca fs5b\">T<span class=\"_ _f\"></span>ransaction<span class=\"_ _a7\"> </span>Conversion<span class=\"_ _30\"> </span><span class=\"ffacb fcc\">Total</span></span>(1)R\u00e9sultat avant char<span class=\"_ _0\"></span>ges financi\u00e8res et imp\u00f4t des activit\u00e9s poursuivies\ue61f<span class=\"_ _d2\"> </span>(9)<span class=\"_ _2c1\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _8f\"> </span>(12)(2)Impact sur capitaux pr<span class=\"_ _0\"></span>opres (\u00e9carts de conversion)\ue61f<span class=\"_ _275\"> </span>\ue61f<span class=\"_ _21\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _f3\"> </span>74</span>(1) Impact sur le r\u00e9sultat a<span class=\"_ _0\"></span>vant charges financi\u00e8res <span class=\"ls5e ws5e\">et </span>imp\u00f4t des activit\u00e9s poursuivies\ue61e:\u2014le risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>transaction sur <span class=\"_ _3\"></span>le\ue61er\u00e9sultat <span class=\"_ _3\"></span>avant charges financi\u00e8res <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>imp\u00f4t des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>poursuivies\ue61eest calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% sur <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US contre l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US (ventes <span class=\"_ _3\"></span>moins <span class=\"_ _3\"></span>achats) de <span class=\"_ _3\"></span>toutes <span class=\"_ _3\"></span>les filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>devise fonctionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span><span class=\"ls5e ws5e\">et </span>sur <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exposition <span class=\"_ _3\"></span>nette en <span class=\"_ _3\"></span>euro <span class=\"_ _3\"></span>de toutes <span class=\"_ _3\"></span>les filiales dont la devise fonctionnelle est le dollar US\ue61e;\u2014le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>conversion <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>dollar <span class=\"_ _3\"></span>US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019eur<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>profits <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>dont <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>devise fonc<span class=\"_ _3\"></span>tionnelle <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>le dollar <span class=\"ls63 ws63\">US.</span>(2) <span class=\"_ _3\"></span>Impact <span class=\"_ _3\"></span>sur les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres\ue61e: l\u2019impac<span class=\"_ _3\"></span>t sur <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>capitaux <span class=\"_ _3\"></span>propres est <span class=\"_ _3\"></span>calcul\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>appliquant une <span class=\"_ _3\"></span>augmentation <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>10\ue61e% <span class=\"_ _3\"></span>sur le <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>change <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>dollar US <span class=\"_ _3\"></span>contre <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>euro <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>les investissements nets dans les filiales \u00e9trang\u00e8r<span class=\"_ _0\"></span>es dont la devise fonctionnelle est le dollar <span class=\"ls63 ws63\">US.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-193-3": {
   "value": "8.5.2<span class=\"_ _10d\"> </span>Risque de taux d\u2019int\u00e9r\u00eat8.5.2.<span class=\"_ _0\"></span>1<span class=\"_ _18b\"> </span>Exposition au risque de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eatL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>exposition du Groupe au risque de taux d\u2019int\u00e9r\u00eat provient princip<span class=\"_ _0\"></span>alement des dettes financi\u00e8res externes et des d\u00e9p\u00f4ts.Au <span class=\"_ _3\"></span>31\ue61cd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>part <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>dettes <span class=\"_ _3\"></span>financi\u00e8res <span class=\"_ _3b\"></span>externes <span class=\"_ _3\"></span>soumise <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>un <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eat <span class=\"_ _3\"></span>variable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9e <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>tableau <span class=\"_ _3\"></span>ci<span class=\"ffabe\">\u2011</span>dessous. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>Groupe <span class=\"_ _3\"></span>ne poss\u00e8de aucune op\u00e9ration de couverture de taux d\u2019int\u00e9r<span class=\"_ _0\"></span>\u00eat.(en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)2022Dettes financi\u00e8res v<span class=\"_ _0\"></span>aleur nominale (hors locations op\u00e9rationnelles)<span class=\"_ _14a\"> </span>382Part \u00e0 taux v<span class=\"_ _0\"></span>ariable<span class=\"_ _33d\"> </span>98\ue61c%\ue61cEn <span class=\"ls0 ws0\">2022, l\u2019<span class=\"_ _0\"></span>en<span class=\"ffabe\">\u2011</span>cours des d\u00e9p\u00f4ts du Groupe est enti\u00e8rement r\u00e9mun\u00e9r\u00e9 \u00e0 taux variable<span class=\"_ _0\"></span>.</span>8.5.2.2<span class=\"_ _4f\"> </span>Gestion du risque de taux d\u2019int\u00e9r\u00eatAu <span class=\"_ _64\"> </span>31\ue61cd\u00e9cembre <span class=\"_ _64\"> </span>2022, <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>poss\u00e8de <span class=\"_ _64\"> </span>aucune <span class=\"_ _64\"> </span>op\u00e9ration <span class=\"_ _64\"> </span>de couverture de taux d\u2019int\u00e9r\u00eat.En <span class=\"_ _60\"> </span><span class=\"ls0 ws0\">septembre\ue61c2022, <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>Groupe <span class=\"_ _60\"> </span>a <span class=\"_ _60\"> </span>refinanc\u00e9 <span class=\"_ _60\"> </span>sa <span class=\"_ _64\"> </span>dette <span class=\"_ _61\"> </span>et <span class=\"_ _60\"> </span>contract\u00e9 <span class=\"_ _60\"> </span>de </span>nouveaux emprunts en E<span class=\"_ _0\"></span>uros \u00e0 taux variable.Les <span class=\"_ _37\"></span>march\u00e9s <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>ont <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>particuli\u00e8rement <span class=\"_ _37\"></span>volatiles <span class=\"_ _44\"> </span>lors <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>deuxi\u00e8me semestre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>d\u00e9but <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>2023. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>principales <span class=\"_ _3b\"></span>banques <span class=\"_ _3b\"></span>centrales <span class=\"_ _3b\"></span>(laBCE <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>FED<span class=\"_ _0\"></span>) <span class=\"_ _61\"> </span>surveillent <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>taux <span class=\"_ _46\"> </span>d\u2019in\ufb02ation <span class=\"_ _61\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>consid\u00e9rablement augment\u00e9 en 2022 <span class=\"_ _3\"></span>et ont r\u00e9agi en <span class=\"_ _3\"></span>utilisant l\u2019instrument mon\u00e9taire classique de hausse des taux directeurs<span class=\"_ _0\"></span>.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>suit <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>pr\u00e8s <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>courbes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>march\u00e9 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>leur <span class=\"_ _3b\"></span>impact </span>sur <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span><span class=\"ffac0\">cash <span class=\"_ _46\"> </span><span class=\"ls7 ws7\">\ufb02<span class=\"_ _3\"></span>ow<span class=\"_ _61\"> </span></span></span> futurs <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Des <span class=\"_ _61\"> </span>options <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>couvertures <span class=\"_ _61\"> </span>sont r\u00e9guli\u00e8rement <span class=\"_ _3\"></span>discut\u00e9es <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>pourrait <span class=\"_ _3b\"></span>contracter <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>couvertures <span class=\"_ _3\"></span>de taux d\u2019int\u00e9r\u00eat.8.5.2.3<span class=\"_ _4f\"> </span>Sensibilit\u00e9 au risque de taux d\u2019int\u00e9r\u00eatLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>estime <span class=\"_ _3b\"></span>qu\u2019une <span class=\"_ _3b\"></span>variation <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>100 <span class=\"_ _3b\"></span>points <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>d\u2019int\u00e9r\u00eats <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>raisonnablement <span class=\"_ _3b\"></span>possible <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ann\u00e9e. <span class=\"_ _3b\"></span></span>Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">tableau <span class=\"_ _3b\"></span>ci<span class=\"ffabe\">\u2011</span>dessous <span class=\"_ _37\"></span>permet </span>d\u2019<span class=\"_ _0\"></span>appr\u00e9cier l\u2019impact d\u2019une telle variation.Impact maximum sur un an sur l\u2019<span class=\"_ _0\"></span>exposition nette au 31\ue662d\u00e9cembre 2022 d\u2019une variation par r<span class=\"_ _0\"></span>apport aux taux actuels\ue662*Impact sur les Impact sur capitaux (en\ue61cmillions d\u2019<span class=\"_ _0\"></span>euros)int\u00e9r\u00eats\ue662netspropres avant imp\u00f4tsImpact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de +\ue61c1\ue61c%<span class=\"_ _2b2\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _129\"> </span>(4<span class=\"_ _3\"></span>)</span>Impact d\u2019une v<span class=\"_ _0\"></span>ariation de taux de -\ue61c1\ue61c%<span class=\"_ _283\"> </span>4<span class=\"_ _b7\"> </span>4* <span class=\"ls63 ws63\">Le </span>calcul d\u2019impact prend en compte le dernier taux EURIBOR 3M utilis\u00e9 pour la 1L <span class=\"ls5e ws5e\">et </span>2L \u00e0 2,046\ue61e%.<span class=\"_ _30d\"> </span>\ue61e<span class=\"_ _eb\"> </span>\ue61e\ue61c8.<span class=\"_ _3\"></span>5.4<span class=\"_ _4d\"> </span><span class=\"ls0 ws0\">Gestion du risque de cr\u00e9dit</span>Le <span class=\"ls0 ws0\">risque de cr\u00e9dit r\u00e9sulte de la possibilit\u00e9 que les contreparties ne puissent </span>pas remplir leurs obligations financi\u00e8res env<span class=\"_ _0\"></span>ers V<span class=\"_ _1\"></span>antiva.\u2022le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>cr\u00e9ances <span class=\"_ _3b\"></span>clients <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>g\u00e9r\u00e9 <span class=\"_ _3b\"></span>par <span class=\"_ _37\"></span>chaque <span class=\"_ _3b\"></span>division op\u00e9rationnelle sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>politiques <span class=\"_ _3\"></span>prenant <span class=\"_ _3\"></span>en compte <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>qualit\u00e9 <span class=\"_ _3\"></span>du cr\u00e9dit <span class=\"_\"> </span>et <span class=\"_\"> </span>l\u2019historique <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>clients. <span class=\"_\"> </span><span class=\"ls2 ws2\">De <span class=\"_ _46\"> </span></span>temps <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>autre<span class=\"_ _0\"></span>, <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>Groupe <span class=\"_ _46\"> </span>peut d\u00e9cider <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>vendre <span class=\"_ _3\"></span>sans <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>cr\u00e9ances <span class=\"_ _3\"></span>commerciales pour <span class=\"_ _3\"></span>g\u00e9rer <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>sous<span class=\"ffac8\">\u2011</span>jacent. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit <span class=\"_ _3\"></span>maximum sur <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>cr\u00e9ances <span class=\"_ _64\"> </span>clients <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>Groupe <span class=\"_ _65\"> </span>correspond <span class=\"_ _65\"> </span>ainsi <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>valeur comptable nette de ces actifs\ue61f;\u2022avec <span class=\"_ _3b\"></span>167\ue61fmillions <span class=\"_ _37\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie <span class=\"_ _3b\"></span>au 31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>minimise <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>risque <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>limitant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>d\u00e9p\u00f4ts dans <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>banque <span class=\"_\"> </span>et <span class=\"_ _61\"> </span>en <span class=\"_\"> </span>privil\u00e9giant <span class=\"_ _61\"> </span>les <span class=\"_\"> </span>d\u00e9p\u00f4ts <span class=\"_ _46\"> </span>r\u00e9alis\u00e9s <span class=\"_ _46\"> </span>dans <span class=\"_ _61\"> </span>des \u00e9tablissements <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _65\"> </span>bonne <span class=\"_ _64\"> </span>notation, <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>en investissant <span class=\"_ _3b\"></span>occasionnellement <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>fonds <span class=\"_ _3b\"></span>mon\u00e9taires <span class=\"_ _3b\"></span>diversifi\u00e9s <span class=\"_ _3\"></span>ettr\u00e8s <span class=\"_ _3\"></span>liquides. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pos\u00e9e <span class=\"_ _3b\"></span>aupr\u00e8s <span class=\"_ _3\"></span>de banques <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_\"> </span>notation <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cr\u00e9dit <span class=\"_ _46\"> </span>\u00e9lev\u00e9e, <span class=\"_ _46\"> </span>ou <span class=\"_ _46\"> </span>investie <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>fonds mon\u00e9taires diversifi\u00e9s \u00e0 notation \u00e9lev\u00e9e (<span class=\"_ _0\"></span>AAA)\ue61f;\u2022Les <span class=\"_ _3\"></span>instruments <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>d\u00e9riv\u00e9s <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>g\u00e9rer <span class=\"_ _3\"></span>son risque <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>change <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>taux <span class=\"_ _44\"> </span>sont <span class=\"_ _37\"></span>tous <span class=\"_ _44\"> </span>conclus <span class=\"_ _37\"></span>avec <span class=\"_ _44\"></span>des <span class=\"_ _37\"></span>contreparties b\u00e9n\u00e9ficiant <span class=\"_ _64\"> </span>d\u2019une <span class=\"_ _64\"> </span>notation <span class=\"_ _60\"> </span>de <span class=\"_ _64\"> </span>cr\u00e9dit <span class=\"_ _64\"> </span>au <span class=\"_ _64\"> </span>moins <span class=\"_ _64\"> </span>\u00e9gale <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>A<span class=\"ffac8\">\u2011</span>2 <span class=\"_ _64\"> </span>selon Standard &amp; <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>oor\u2019<span class=\"_ _0\"></span>s. <span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>risque de <span class=\"_ _3\"></span>cr\u00e9dit sur <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>op\u00e9rations est att\u00e9nu\u00e9 <span class=\"_ _3\"></span>par la <span class=\"_ _37\"></span>maturit\u00e9 <span class=\"_ _37\"></span>court <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>op\u00e9rations <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>change, <span class=\"_ _3b\"></span>conform\u00e9ment <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _44\"></span>la politique <span class=\"_ _3\"></span>de couverture <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>La <span class=\"_ _3\"></span>juste <span class=\"_ _3\"></span>valeur comptable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce fait une bonne indication du risque de cr\u00e9dit maximum encouru.Les <span class=\"_ _60\"> </span>clients <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>principalement <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>grands <span class=\"_ _60\"> </span>op\u00e9rateurs <span class=\"_ _60\"> </span>de r\u00e9seaux <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>grands <span class=\"_ _3b\"></span>studios.\ue61fLe <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>constat\u00e9 <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>augmentation significative <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>impay\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>continue <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>surveiller <span class=\"_ _3\"></span>son <span class=\"_ _3\"></span>risque <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>cr\u00e9dit. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> </span>m\u00eame, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _47\"> </span>ne <span class=\"_ _47\"> </span>trav<span class=\"_ _0\"></span>aille <span class=\"_\"> </span>qu\u2019<span class=\"_ _0\"></span>avec <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>contreparties <span class=\"_\"> </span>financi\u00e8res <span class=\"_ _44\"> </span>tr\u00e8s bien not\u00e9es.Actifs financiers transf\u00e9r\u00e9s non r<span class=\"_ _0\"></span>econnusLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>peut <span class=\"_ _3\"></span>utiliser <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>accords <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>recouvrir <span class=\"_ _3b\"></span>certaines </span>de ses <span class=\"_ _3\"></span>cr\u00e9ances. Au 31\ue61ed\u00e9cembre <span class=\"_ _3\"></span>2022, le <span class=\"_ _3\"></span>Groupe n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>conclu aucun <span class=\"_ _3\"></span>accord pour lequel <span class=\"_ _3\"></span>il continue <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>\u00eatre <span class=\"_ _3\"></span>impliqu\u00e9 au<span class=\"ffad2\">\u2011</span>del\u00e0 <span class=\"_ _3\"></span>du risque <span class=\"_ _3\"></span>commercial et <span class=\"_ _3\"></span>des repr\u00e9sentations <span class=\"_ _3\"></span>normales <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>garanties <span class=\"_ _3b\"></span>relatives <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>transfert <span class=\"_ _3b\"></span>frauduleux et <span class=\"_ _37\"></span>aux <span class=\"_ _37\"> </span>concepts <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>caract\u00e8r<span class=\"_ _0\"></span>e <span class=\"_ _44\"> </span>raisonnable<span class=\"_ _0\"></span>, <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>bonne <span class=\"_ _37\"></span>foi <span class=\"_ _37\"></span>et <span class=\"_ _37\"> </span>qui <span class=\"_ _37\"> </span>pourraient invalider <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>transfert <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>action <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>justice. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3\"></span></span>montant <span class=\"_ _3b\"></span>attribu\u00e9 au <span class=\"_ _44\"> </span>31\ue61ed\u00e9cembre <span class=\"_\"> </span>2022 <span class=\"_ _44\"> </span>est <span class=\"_\"> </span>\u00e9gal <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>77\ue61emillions <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"> </span></span>co\u00fbt <span class=\"_\"> </span>associ\u00e9 <span class=\"_ _44\"> </span>est d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _6f\"> </span>2,<span class=\"_ _0\"></span>4\ue61emillions <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _6f\"> </span>et <span class=\"_ _6f\"> </span>pr\u00e9sent\u00e9 <span class=\"_ _4c\"> </span>avec <span class=\"_ _6f\"> </span>les <span class=\"_ _6f\"> </span>autres <span class=\"_ _6f\"> </span>charges financi\u00e8res<span class=\"_ _0\"></span>.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_\"> </span>est <span class=\"_ _46\"> </span>\u00e9galement <span class=\"_ _46\"> </span>partie <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>plusieurs <span class=\"_ _46\"> </span>programmes <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>a\ue61facturage </span>invers\u00e9 <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>escompte <span class=\"_ _61\"> </span>mis <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>place <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>ses <span class=\"_ _61\"> </span>clients. <span class=\"_ _61\"> </span>Ces <span class=\"_ _61\"> </span>programmes permettent <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>b\u00e9n\u00e9ficier <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>d\u00e9lais <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>paiement <span class=\"_ _3b\"></span>raccourcis<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>en particulier <span class=\"_ _4c\"> </span>pour <span class=\"_ _66\"> </span>certains <span class=\"_ _4c\"> </span>clients <span class=\"_ _4c\"> </span>dont <span class=\"_ _4c\"> </span>les <span class=\"_ _4c\"> </span>d\u00e9lais <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>paiement <span class=\"_ _4c\"> </span>sont exceptionnellement <span class=\"_ _6f\"> </span>longs <span class=\"_ _28\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _28\"> </span>aux <span class=\"_ _28\"> </span>pratiques <span class=\"_ _28\"> </span>commerciales habituelles. <span class=\"_ _3b\"></span>Comme <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>risque <span class=\"_ _3b\"></span>commercial <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>\u00e9teint <span class=\"_ _37\"> </span>ou <span class=\"_ _37\"> </span>estim\u00e9 <span class=\"_ _37\"></span>nul <span class=\"_ _3b\"></span>du <span class=\"_ _37\"> </span>fait de <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>reconnaissance <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>client, <span class=\"_ _3b\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>aucune <span class=\"_ _3b\"></span>implication continue associ\u00e9e \u00e0 ces programmes<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-206-3": {
   "value": "8.5.5Risque de liquidit\u00e9 et gestion du financement et de la structure du capitalLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">risque <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>liquidit\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>mesure <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>r\u00e9pondre </span>aux <span class=\"_ _61\"> </span>obligations <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _61\"> </span>lorsqu\u2019<span class=\"_ _0\"></span>elles <span class=\"_ _61\"> </span>sur<span class=\"_ _3\"></span>viennent. <span class=\"_ _61\"> </span>Afin <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9duire <span class=\"_ _61\"> </span>ce risque, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>applique <span class=\"_ _37\"> </span>des <span class=\"_ _37\"></span>r\u00e8gles <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>objectif <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>s\u00e9curiser <span class=\"_ _37\"></span>un acc\u00e8s <span class=\"_ _3b\"></span>permanent <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>ininterrompu <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3b\"></span>financiers <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>conditions raisonnables<span class=\"_ _0\"></span>.Cette <span class=\"_ _44\"> </span>politique <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>con\u00e7ue <span class=\"_\"> </span>gr\u00e2ce <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>suivi <span class=\"_\"> </span>r\u00e9gulier <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>d\u00e9taill\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>la structure du <span class=\"_ _3\"></span>capital, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tenant <span class=\"_ _3\"></span>compte <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>proportion relative <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette et <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>capitaux <span class=\"_\"> </span>propres, <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>march\u00e9s <span class=\"_ _46\"> </span>financiers <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>des objectifs et pr\u00e9visions financi\u00e8res du Gr<span class=\"_ _0\"></span>oupe.Les <span class=\"_ _64\"> </span>\u00e9l\u00e9ments <span class=\"_ _65\"> </span>pris <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>compte <span class=\"_ _65\"> </span>parmi <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>calendrier <span class=\"_ _65\"> </span>des \u00e9ch\u00e9ances <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>remboursement de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>clauses <span class=\"_ _3\"></span>conventionnelles<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>les \ufb02ux <span class=\"_ _3\"></span>pr\u00e9visionnels de <span class=\"_ _3\"></span>tr\u00e9sorerie consolid\u00e9s, l\u2019acc\u00e8s aux <span class=\"_ _3\"></span>march\u00e9s financiers <span class=\"_ _3\"></span>et les besoins de financement.Afin <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>mettre <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u0153uvre <span class=\"_ _3b\"></span>cette <span class=\"_ _37\"> </span>politique <span class=\"_ _37\"> </span>d\u2019acc\u00e8s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>liquidit\u00e9, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe utilise divers financements <span class=\"_ _3\"></span>long terme <span class=\"_ _3\"></span>et confirm\u00e9s <span class=\"_ _3\"></span>qui peuvent inclure des capitaux <span class=\"_ _3\"></span>propr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>(voir <span class=\"_ _3\"></span>note <span class=\"_ _3\"></span>7), de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dette <span class=\"_ _3\"></span>(voir note <span class=\"_ _3\"></span>8.2.1), et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>lignes de cr\u00e9dit confirm\u00e9es (voir ci<span class=\"ffad2\">\u2011</span>apr\u00e8s).Les <span class=\"_ _3b\"></span>tableaux <span class=\"_ _44\"> </span>ci<span class=\"ffad2\">\u2011</span>dessous <span class=\"_ _37\"></span>montrent <span class=\"_ _37\"></span>les <span class=\"_ _37\"> </span>obligations <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>\ufb02ux <span class=\"_ _3b\"></span>futurs <span class=\"_ _44\"> </span>contractuels <span class=\"_ _3b\"></span>g\u00e9n\u00e9r\u00e9s <span class=\"_ _37\"> </span>par <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>passifs <span class=\"_ _37\"></span>financiers. <span class=\"_ _3b\"></span>Les <span class=\"_ _37\"> </span>\ufb02ux <span class=\"_ _37\"> </span>d\u2019int\u00e9r\u00eats <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>instruments <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>taux variable ont \u00e9t\u00e9 calcul\u00e9s sur les taux en vigueur aux 31\ue61ed\u00e9cembre 2022.31\ue662d\u00e9cembre 2022\ue61e2023<span class=\"ffad2\">\u2011<span class=\"ffad4\">S1<span class=\"_ _bd\"> </span></span></span>2023<span class=\"ffad2\">\u2011</span>S2<span class=\"_ _3f\"> </span>2024<span class=\"_ _3f\"> </span>2025<span class=\"_ _3f\"> </span>2026<span class=\"_ _bf\"> </span>2027<span class=\"_ _7c\"> </span>Apr\u00e8s<span class=\"_ _e\"> </span><span class=\"ffad5 fcc\">Total</span>Barclays 1L<span class=\"_ _33e\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>250AG 2L<span class=\"_ _13f\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>125<span class=\"_ _ae\"> </span>-<span class=\"_ _8c\"> </span>125Int\u00ear\u00e9ts courus - 1L 2L<span class=\"_ _1f3\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Int\u00ear\u00e9ts capitalis\u00e9s PIK - 1L 2L<span class=\"_ _32b\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>4<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _5c\"> </span>6Dettes de loyers<span class=\"_ _1e6\"> </span>11<span class=\"_ _17c\"> </span>11<span class=\"_ _17c\"> </span>17<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>5<span class=\"_ _5c\"> </span>6<span class=\"_ _89\"> </span>8<span class=\"_ _94\"> </span>66Autre dettes<span class=\"_ _33f\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1Dette totale \u2013 remboursement du nominal<span class=\"_ _190\"> </span>12<span class=\"_ _1fd\"> </span><span class=\"ffad4\">11<span class=\"_ _188\"> </span></span>17<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _11\"> </span></span>259<span class=\"_ _17f\"> </span>132<span class=\"_ _5c\"> </span><span class=\"ffad4\">8<span class=\"_ _2f\"> </span></span>448Ajustement IFRS<span class=\"_ _54\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>(17)DETTE EN IFRS<span class=\"_ _330\"> </span>\ue662<span class=\"_ _d1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1e1\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _1a6\"> </span>430\ue61e<span class=\"_ _340\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S1<span class=\"_ _10d\"> </span><span class=\"ffad3\">2023<span class=\"ffad2\">\u2011</span></span>\u2011S2<span class=\"_ _ad\"> </span>2024<span class=\"_ _1b6\"> </span>2025<span class=\"_ _ad\"> </span>2026<span class=\"_ _1b6\"> </span>2027<span class=\"_ _93\"> </span>Apr\u00e8s<span class=\"_ _96\"> </span>T<span class=\"_ _f\"></span>otalInt\u00ear\u00e9ts courus 1L &amp; 2L<span class=\"_ _30e\"> </span>10<span class=\"_ _188\"> </span>10<span class=\"_ _ac\"> </span>21<span class=\"_ _ab\"> </span><span class=\"ls53 ws53\">24<span class=\"_ _69\"> </span></span>22<span class=\"_ _c8\"> </span>3<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>89Int\u00ear\u00e9ts capitalis\u00e9s PIK 1L &amp; 2L<span class=\"_ _1f4\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _94\"> </span>50<span class=\"_ _69\"> </span>36<span class=\"_ _c2\"> </span>-<span class=\"_ _69\"> </span>86Dettes de loyers - int\u00ear<span class=\"_ _0\"></span>\u00e9ts<span class=\"_ _99\"> </span>7<span class=\"_ _89\"> </span>6<span class=\"_ _5c\"> </span>4<span class=\"_ _c8\"> </span>3<span class=\"_ _89\"> </span>2<span class=\"_ _180\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _ab\"> </span>23Autre dettes - int\u00ear\u00e9ts<span class=\"_ _1f3\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES VERSEMENTS D<span class=\"_ _0\"></span>\u2019INT\u00c9R\u00caTS<span class=\"_ _23f\"> </span>16<span class=\"_ _ab\"> </span>16<span class=\"_ _94\"> </span>25<span class=\"_ _69\"> </span>27<span class=\"_ _69\"> </span><span class=\"ls55 ws55\">74<span class=\"_ _18f\"> </span></span>40<span class=\"_ _ae\"> </span><span class=\"ffad4\">1<span class=\"_ _27\"> </span></span>199\ue61eLes <span class=\"_ _3\"></span>obligations <span class=\"_ _3b\"></span>contractuelles <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>termes <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>\ufb02ux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>dette <span class=\"_ _3\"></span>courante <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>consid\u00e9r\u00e9es <span class=\"_ _3b\"></span>comme <span class=\"_ _3\"></span>\u00e9tant <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>montants <span class=\"_ _3\"></span>inscrits <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9tat <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la situation financi\u00e8re consolid\u00e9e<span class=\"_ _0\"></span>.Lignes de cr\u00e9dit(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _e5\"> </span><span class=\"ffadc fc1\">2021</span>Lignes de cr\u00e9dit confirm\u00e9es non tir\u00e9es avec \u00e9ch\u00e9ance de plus d\u2019un an<span class=\"_ _22f\"> </span>117<span class=\"_ _2e\"> </span>110\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>dispose\ue61fd\u2019une <span class=\"_ _3\"></span>ligne <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit <span class=\"_ _3\"></span>confirm\u00e9e <span class=\"_ _3\"></span>garantie <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>montant <span class=\"_ _3\"></span>total <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>125\ue61fmillions <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>dollars <span class=\"_ _3\"></span>US, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>117\ue61fmillions </span>d\u2019<span class=\"_ _0\"></span>euros au <span class=\"_ _3\"></span>cours du <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022 <span class=\"_ _3\"></span>(la <span class=\"_ _3\"></span>\u00ab\ue61fligne de <span class=\"_ _3\"></span>cr\u00e9dit W<span class=\"_ _0\"></span>ells F<span class=\"_ _0\"></span>argo\ue61f\u00bb), <span class=\"_ _3\"></span>arrivant \u00e0 <span class=\"_ _3\"></span>\u00e9ch\u00e9ance en <span class=\"_ _3\"></span>2026. La <span class=\"_ _3\"></span>disponibilit\u00e9 de <span class=\"_ _3\"></span>cette <span class=\"_ _3\"></span>ligne d\u00e9pend <span class=\"_ _3\"></span>de l\u2019en<span class=\"ffadd\">\u2011</span>cours des <span class=\"_ _3b\"></span>cr\u00e9ances <span class=\"_ _3\"></span>clients, <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2022 <span class=\"_ _3\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>disponible <span class=\"_ _3b\"></span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>hauteur <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>91\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros. <span class=\"_ _3\"></span>Au <span class=\"_ _3b\"></span>31\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cette <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>cr\u00e9dit confirm\u00e9e n\u2019<span class=\"_ _0\"></span>est pas utilis\u00e9e.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-211-2": {
   "value": "9.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">F<span class=\"_ _0\"></span>rais de personnel et effectifs</span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61dectif total <span class=\"_ _3\"></span>des entit\u00e9s consolid\u00e9es du <span class=\"_ _3\"></span>Groupe au 31\ue61fd\u00e9cembre 2022 s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 <span class=\"_ _3\"></span>5\ue61f322 employ\u00e9s (5\ue61f981 au 31\ue61fd\u00e9cembre 2021, <span class=\"_ _3\"></span>pour les activit\u00e9s poursuivies). Se r\u00e9f\u00e9rer au chapitr<span class=\"_ _0\"></span>e <span class=\"ls2 ws2\">5.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span> </span>du Document de R<span class=\"_ _0\"></span>\u00e9f\u00e9rence pour plus de d\u00e9tails sur les salari\u00e9s du Groupe.Le <span class=\"ls0 ws0\">total des avantages au personnel (au sein des entit\u00e9s consolid\u00e9es) est d\u00e9taill\u00e9 comme suit\ue61f:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffadf fc1\">2021\ue662*</span>Salaires<span class=\"_ _25d\"> </span>230<span class=\"_ _2e\"> </span>212Charges sociales<span class=\"_ _341\"> </span>64<span class=\"_ _c6\"> </span>60Co\u00fbts salariaux li\u00e9s au paiement en actions accord\u00e9s aux dirigeants et aux employ\u00e9s (note 9<span class=\"_ _1\"></span>.3.3)<span class=\"_ _8\"> </span>6<span class=\"_ _f7\"> </span>3Charges li\u00e9es aux plans de retraite \u00e0 pr<span class=\"_ _0\"></span>estations d\u00e9finies (note 9.2.2.<span class=\"_ _0\"></span>1)<span class=\"_ _316\"> </span>2<span class=\"_ _b7\"> </span>2Indemnit\u00e9s de fin de contrat de tr<span class=\"_ _0\"></span>avail et autres avantages au personnel \u00e0 long terme<span class=\"_ _304\"> </span>14<span class=\"_ _f0\"> </span>15T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES A<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES A<span class=\"_ _0\"></span>U PERSONNEL (HORS PLAN \u00c0 CONTRIBUTIONS D\u00c9FINIES)<span class=\"_ _19\"> </span>316<span class=\"_ _ed\"> </span>292Charges li\u00e9es aux plans de retraite \u00e0 contributions d\u00e9finies<span class=\"_ _293\"> </span>9<span class=\"_ _f2\"> </span>9* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fLes indemnit\u00e9s de d\u00e9part sont pr\u00e9sent\u00e9es dans les co\u00fbts de <span class=\"_ _0\"></span>restructuration des activit\u00e9s poursuivies au sein du compte de r\u00e9sultat consolid\u00e9.9.<span class=\"_ _3b\"></span>2<span class=\"_ _93\"> </span><span class=\"ls0 ws0\">Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s</span>Le <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>peut <span class=\"_ _37\"> </span>accorder <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>r\u00e9mun\u00e9rations <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>base <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _37\"></span>dont certaines <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>r\u00e9gl\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>instruments <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>en tr\u00e9sorerie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En </span>application <span class=\"_ _3\"></span>d\u2019IFRS\ue61f2, l\u2019<span class=\"_ _0\"></span>avantage accord\u00e9 aux <span class=\"_ _3\"></span>salari\u00e9s au titre des <span class=\"_ _3b\"></span>plans <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>stock<span class=\"ffb1e\">\u2011</span>options <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>d\u2019actions <span class=\"_ _3\"></span>gratuites, <span class=\"_ _3\"></span>\u00e9valu\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3b\"></span>de l\u2019<span class=\"_ _0\"></span>attribution de l\u2019<span class=\"_ _0\"></span>option, constitue un compl\u00e9ment de r\u00e9mun\u00e9ration.Les <span class=\"_\"> </span>plans <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>attributions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_\"> </span>capitaux propres <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur des <span class=\"_ _46\"> </span>instruments <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>accord\u00e9s. <span class=\"_\"> </span>Ils <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9s comme <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel, <span class=\"_ _3\"></span>lin\u00e9airement <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition des <span class=\"_\"> </span>dr<span class=\"_ _0\"></span>oits, <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>prenant <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>compte <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>nombre d\u2019instruments qui seront acquis \u00e0 la fin de la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition.P<span class=\"_ _0\"></span>our <span class=\"_\"> </span>les <span class=\"_ _47\"> </span>plans <span class=\"_ _44\"> </span>d\u2019attribution <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_ _47\"> </span>en <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>dette correspondant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>part <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>biens <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>services <span class=\"_\"> </span>re\u00e7us <span class=\"_ _37\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est comptabilis\u00e9e <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _61\"> </span>biens <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>services, <span class=\"_ _61\"> </span>et, <span class=\"_ _61\"> </span>est recalcul\u00e9e \u00e0 chaque date de cl\u00f4ture avec les changements de juste valeur enregistr\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>sein <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>\u00ab\ue61fAutres produits (charges) <span class=\"_ _3\"></span>financiers\ue61fnets\ue61f\u00bb. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De <span class=\"_ _3\"></span></span>plus, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>bas\u00e9s sur <span class=\"_ _3\"></span>des conditions <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>performance <span class=\"_ _61\"> </span>hors <span class=\"_ _61\"> </span>march\u00e9, <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>probabilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9aliser <span class=\"_ _61\"> </span>la performance <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>estim\u00e9e <span class=\"_ _61\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>charge <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>ajust\u00e9e <span class=\"_ _61\"> </span>en cons\u00e9quence.La <span class=\"_ _66\"> </span>juste <span class=\"_ _4c\"> </span>valeur <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>instruments, <span class=\"_ _4c\"> </span>et <span class=\"_ _66\"> </span>particuli\u00e8rement <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>options attribu\u00e9es, <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>utilisant <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>un <span class=\"_ _64\"> </span>mod\u00e8le <span class=\"_ _64\"> </span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3b\"></span>binomial, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>mod\u00e8le <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>Black&amp;Scholes, <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>prend en <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>r\u00e9estimation <span class=\"_ _61\"> </span>annuelle <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>nombre <span class=\"_ _61\"> </span>attendu <span class=\"_ _60\"> </span>d\u2019options exer\u00e7ables<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Le </span>mod\u00e8le de Black&amp;Scholes peut \u00e9galement \u00eatre utilis\u00e9 pour \u00e9valuer <span class=\"_\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>attributions <span class=\"_\"> </span>soumises <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>certaines <span class=\"_ _61\"> </span>conditions <span class=\"_ _46\"> </span>de march\u00e9<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-211-3": {
   "value": "9.1<span class=\"_ _5f\"> </span><span class=\"ls0 ws0\">F<span class=\"_ _0\"></span>rais de personnel et effectifs</span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61dectif total <span class=\"_ _3\"></span>des entit\u00e9s consolid\u00e9es du <span class=\"_ _3\"></span>Groupe au 31\ue61fd\u00e9cembre 2022 s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 <span class=\"_ _3\"></span>5\ue61f322 employ\u00e9s (5\ue61f981 au 31\ue61fd\u00e9cembre 2021, <span class=\"_ _3\"></span>pour les activit\u00e9s poursuivies). Se r\u00e9f\u00e9rer au chapitr<span class=\"_ _0\"></span>e <span class=\"ls2 ws2\">5.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span> </span>du Document de R<span class=\"_ _0\"></span>\u00e9f\u00e9rence pour plus de d\u00e9tails sur les salari\u00e9s du Groupe.Le <span class=\"ls0 ws0\">total des avantages au personnel (au sein des entit\u00e9s consolid\u00e9es) est d\u00e9taill\u00e9 comme suit\ue61f:</span>(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffadf fc1\">2021\ue662*</span>Salaires<span class=\"_ _25d\"> </span>230<span class=\"_ _2e\"> </span>212Charges sociales<span class=\"_ _341\"> </span>64<span class=\"_ _c6\"> </span>60Co\u00fbts salariaux li\u00e9s au paiement en actions accord\u00e9s aux dirigeants et aux employ\u00e9s (note 9<span class=\"_ _1\"></span>.3.3)<span class=\"_ _8\"> </span>6<span class=\"_ _f7\"> </span>3Charges li\u00e9es aux plans de retraite \u00e0 pr<span class=\"_ _0\"></span>estations d\u00e9finies (note 9.2.2.<span class=\"_ _0\"></span>1)<span class=\"_ _316\"> </span>2<span class=\"_ _b7\"> </span>2Indemnit\u00e9s de fin de contrat de tr<span class=\"_ _0\"></span>avail et autres avantages au personnel \u00e0 long terme<span class=\"_ _304\"> </span>14<span class=\"_ _f0\"> </span>15T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DES A<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES A<span class=\"_ _0\"></span>U PERSONNEL (HORS PLAN \u00c0 CONTRIBUTIONS D\u00c9FINIES)<span class=\"_ _19\"> </span>316<span class=\"_ _ed\"> </span>292Charges li\u00e9es aux plans de retraite \u00e0 contributions d\u00e9finies<span class=\"_ _293\"> </span>9<span class=\"_ _f2\"> </span>9* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.\ue61fLes indemnit\u00e9s de d\u00e9part sont pr\u00e9sent\u00e9es dans les co\u00fbts de <span class=\"_ _0\"></span>restructuration des activit\u00e9s poursuivies au sein du compte de r\u00e9sultat consolid\u00e9.9.<span class=\"_ _3b\"></span>2<span class=\"_ _93\"> </span><span class=\"ls0 ws0\">Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s</span>A<span class=\"_ _0\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploiIl <span class=\"_ _44\"> </span>existe <span class=\"_\"> </span>dans <span class=\"_ _44\"></span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>di\ue61f\u00e9rents <span class=\"_ _44\"> </span>r\u00e9gimes <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>etraite <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>de certains <span class=\"_ _3\"></span>salari\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>vers\u00e9es <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>contributions d\u00e9finies, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire \u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>plans de <span class=\"_ _3\"></span>retraite dans <span class=\"_ _3\"></span>lesquels <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"ls4e ws4e\">paye </span>des contributions <span class=\"_ _3\"></span>fixes et n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>plus aucune <span class=\"_ _3\"></span>obligation juridique <span class=\"_ _3\"></span>ou implicite de <span class=\"_ _3\"></span>payer des <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>compl\u00e9mentaires (par <span class=\"_ _3\"></span>exemple, si <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>ne d\u00e9tient <span class=\"_\"> </span>pas <span class=\"_\"> </span>su\ue61dsamment <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_\"> </span>pour <span class=\"_\"> </span>payer <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>tous <span class=\"_\"> </span>les <span class=\"_\"> </span>employ\u00e9s <span class=\"_\"> </span>les avantages <span class=\"_ _46\"> </span>acquis <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>cours <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>exercices <span class=\"_ _46\"> </span>pass\u00e9s <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>en<span class=\"ffae5\">\u2011</span>cours) <span class=\"_ _61\"> </span>- <span class=\"_ _61\"> </span>sont enregistr\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>charges <span class=\"_\"> </span>quand <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>salari\u00e9s <span class=\"_\"> </span>ont <span class=\"_\"> </span>rendu <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_\"> </span>leur ouvrant droit \u00e0 ces contributions<span class=\"_ _0\"></span>.Les <span class=\"_ _64\"> </span>autres <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9gimes <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>retraite <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>analys\u00e9s <span class=\"_ _64\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>plans <span class=\"_ _64\"> </span>\u00e0 prestations <span class=\"_ _44\"></span>d\u00e9finies <span class=\"_ _44\"> </span>(c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>plans <span class=\"_ _47\"> </span>de <span class=\"_ _44\"></span>retr<span class=\"_ _0\"></span>aite <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"></span>pr\u00e9voient <span class=\"_ _37\"></span>un montant <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>prestation <span class=\"_ _65\"> </span>qu\u2019un <span class=\"_ _65\"> </span>employ\u00e9 <span class=\"_ _64\"> </span>recevra <span class=\"_ _65\"> </span>lors <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>retraite<span class=\"_ _0\"></span>, g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>bas\u00e9 <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3\"></span>facteurs <span class=\"_ _3\"></span>tels <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>ann\u00e9es d\u2019<span class=\"_ _0\"></span>anciennet\u00e9 <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>salaire) et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9s au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>d\u2019une \u00e9valuation actuarielle des engagements \u00e0 la date de cl\u00f4ture<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _37\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _37\"></span>retenue <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>fond\u00e9e <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>m\u00e9thode <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>unit\u00e9s de <span class=\"_ _37\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>projet\u00e9es. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>actualis\u00e9e <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>obligations <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est d\u00e9termin\u00e9e <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>hauteur <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>acquis <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>salari\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>date d\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>application <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formule <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>d\u00e9finie pour <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>r\u00e9gime. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>des actuaires <span class=\"_ _46\"> </span>ind\u00e9pendants <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>fonction <span class=\"_ _61\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _61\"> </span>d\u00e9mographiques <span class=\"_ _46\"> </span>et financi\u00e8res telles <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>mortalit\u00e9, la rotation <span class=\"_ _3\"></span>du personnel, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution des salaires et les taux d\u2019<span class=\"_ _0\"></span>actualisation.La <span class=\"_ _44\"> </span>r\u00e9\u00e9valuation, <span class=\"_ _37\"></span>qui <span class=\"_ _47\"> </span>comprend <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>gains <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>pertes <span class=\"_ _44\"></span>actuariels, <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61fet\ue61cdes modifications <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plafonnement <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(si <span class=\"_ _3b\"></span>applicable) <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>rendement des <span class=\"_ _37\"></span>actifs <span class=\"_ _37\"></span>(hors <span class=\"_ _37\"></span>int\u00e9r\u00eats), <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>imm\u00e9diatement <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>bilan <span class=\"_ _37\"></span>en contrepartie <span class=\"_\"> </span>d\u2019une <span class=\"_\"> </span>imputation <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>\u00ab\ue61cAutres <span class=\"_\"> </span>\u00e9l\u00e9ments <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>r\u00e9sultat global\ue61c\u00bb <span class=\"_\"> </span>au <span class=\"_\"> </span>sein <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019\u00c9tat <span class=\"_\"> </span>du <span class=\"_\"> </span>R\u00e9sultat <span class=\"_\"> </span>Global <span class=\"_\"> </span>(ERG). <span class=\"_\"> </span>La <span class=\"_\"> </span>r\u00e9\u00e9valuation reconnue <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>ERG <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>re\ufb02\u00e9t\u00e9e <span class=\"_ _66\"> </span>imm\u00e9diatement <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>r\u00e9serves consolid\u00e9es et ne sera pas reclass\u00e9e en r<span class=\"_ _0\"></span>\u00e9sultat.Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>avantages <span class=\"_ _3b\"></span>assimil\u00e9s <span class=\"_ _3\"></span>sont class\u00e9s comme suit\ue61c:\u2022co\u00fbts <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>services <span class=\"_ _44\"> </span>(incluant <span class=\"_\"> </span>le <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _44\"> </span>rendus <span class=\"_ _44\"> </span>courants <span class=\"_ _44\"> </span>et pass\u00e9s <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>modification <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>de liquidation de r\u00e9gimes) \u00e0 comptabiliser en r\u00e9sultat\ue61c;\u2022charges <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _60\"> </span>nette <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>produit <span class=\"_ _60\"> </span>financier <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>comptabiliser <span class=\"_ _61\"> </span>en r\u00e9sultat financier (note 8.5).Les co\u00fbts des ser<span class=\"_ _3\"></span>vices pass\u00e9s sont <span class=\"_ _3\"></span>comptabilis\u00e9s en charges sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice o\u00f9 a lieu la modification de r\u00e9gimes<span class=\"_ _0\"></span>.Le <span class=\"_ _46\"> </span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _61\"> </span>financier <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>calcul\u00e9 <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>appliquant <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>taux <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _46\"> </span>au </span>d\u00e9but <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>de couverture<span class=\"_ _0\"></span>.La <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>retraite <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>avantages <span class=\"_ _65\"> </span>assimil\u00e9s <span class=\"_ _65\"> </span>inscrite <span class=\"_ _64\"> </span>au <span class=\"_ _65\"> </span>bilan repr\u00e9sente le d\u00e9ficit ou l\u2019<span class=\"_ _0\"></span>exc\u00e9dent entre la v<span class=\"_ _0\"></span>aleur actualis\u00e9e de l\u2019obligation au <span class=\"_ _37\"></span>titre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>prestations <span class=\"_ _37\"></span>d\u00e9finies <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>r\u00e9gime. T<span class=\"_ _23\"></span>out <span class=\"_ _3\"></span>exc\u00e9dent provenant de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>calcul est <span class=\"_ _3\"></span>plafonn\u00e9 <span class=\"_ _3\"></span>\u00e0 hauteur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur actualis\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>disponibles <span class=\"_ _37\"></span>sous <span class=\"_ _3b\"></span>forme <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>restitution <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>plan ou de r\u00e9duction des contributions futures \u00e0 verser au plan.Autres avantages au personnel \u00e0 long termeDes <span class=\"_ _3\"></span>indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cessation <span class=\"_ _3b\"></span>d\u2019emploi <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es\ue61cau <span class=\"_ _3b\"></span>passif <span class=\"_ _3b\"></span>d\u00e8s que l\u2019<span class=\"_ _0\"></span>entit\u00e9 <span class=\"_ _3\"></span>ne peut plus <span class=\"_ _3\"></span>retirer d\u2019<span class=\"_ _0\"></span>o\ue61fre d\u2019indemnit\u00e9s de <span class=\"_ _3\"></span>cessation d\u2019<span class=\"_ _0\"></span>emploi ou <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019entit\u00e9 <span class=\"_ _3\"></span>reconnait <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>engagements au <span class=\"_ _3\"></span>titre des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>(par <span class=\"_ _3\"></span>exemple les <span class=\"_ _3\"></span>m\u00e9dailles <span class=\"_ _3\"></span>du travail) sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>\u00e9valu\u00e9s sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>m\u00e9thodes <span class=\"_ _3\"></span>actuarielles. Les \u00e9carts <span class=\"_ _6\"> </span>actuariels <span class=\"_ _1a\"> </span>sur <span class=\"_ _6\"> </span>ces <span class=\"_ _1a\"> </span>engagements <span class=\"_ _6\"> </span>sont <span class=\"_ _1a\"> </span>comptabilis\u00e9s imm\u00e9diatement en r\u00e9sultat.Les <span class=\"_ _44\"> </span>engagements <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>avantages <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas pr\u00e9sent\u00e9s <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _61\"> </span>provision <span class=\"_ _61\"> </span>pour <span class=\"_ _60\"> </span>retraites <span class=\"_ _61\"> </span>mais <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la provision pour restructur<span class=\"_ _0\"></span>ation ou des autres dettes.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _64\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _64\"> </span>et avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>charges <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pendante <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>hypoth\u00e8ses utilis\u00e9es <span class=\"_\"> </span>par <span class=\"_\"> </span>les <span class=\"_\"> </span>actuaires <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>valeurs <span class=\"_\"> </span>actuarielles <span class=\"_\"> </span>des obligations. <span class=\"_ _6b\"> </span>Ces <span class=\"_ _6c\"> </span>hypoth\u00e8ses <span class=\"_ _6c\"> </span>incluent <span class=\"_ _6b\"> </span>parmi <span class=\"_ _6c\"> </span>d\u2019<span class=\"_ _0\"></span>autres, <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>taux <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _65\"> </span>annuelle <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>prestations futures<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>retenues <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span>calcul <span class=\"_\"> </span>des <span class=\"_\"> </span>engagements <span class=\"_\"> </span>de retraites <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>avantages <span class=\"_ _60\"> </span>assimil\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _64\"> </span>d\u00e9termin\u00e9es <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>se <span class=\"_ _64\"> </span>basant <span class=\"_ _60\"> </span>sur l\u2019<span class=\"_ _0\"></span>exp\u00e9rience du Groupe et sur des donn\u00e9es externes.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>actuariels <span class=\"_ _3b\"></span>tels <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>taux </span>d\u2019int\u00e9r\u00eat, le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>d\u2019investissement et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque de <span class=\"_ _3\"></span>long\u00e9vit\u00e9. La <span class=\"_ _3\"></span>provision pour <span class=\"_ _3b\"></span>retraites <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _37\"></span>assimil\u00e9s <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u00e9termin\u00e9 par <span class=\"_ _44\"> </span>r\u00e9f\u00e9rence <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>rendement, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>obligations \u00e9mises <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>entreprises <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>premier <span class=\"_ _3b\"></span>rang. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>sont soumis \u00e0 des variations qui ont comme e\ue61fet la baisse/hausse des cours et une augmentation de <span class=\"_ _3\"></span>la volatilit\u00e9. La Direction du Groupe estime que <span class=\"_ _3\"></span>les taux <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>ad\u00e9quats. <span class=\"_ _3b\"></span>Cependant <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>di\ue61f\u00e9rences <span class=\"_ _3b\"></span>futures <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>les hypoth\u00e8ses retenues <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>les valeurs <span class=\"_ _3\"></span>futures observ\u00e9es <span class=\"_ _3\"></span>peuvent a\ue61fecter <span class=\"_ _3\"></span>de mani\u00e8re <span class=\"_ _3\"></span>significative <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3b\"></span>de retraites <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>avantages <span class=\"_ _3b\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>a\ue61f\u00e9rentes <span class=\"_ _3\"></span>\u00e0 ces engagements.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.1<span class=\"_ _70\"> </span><span class=\"ls0 ws0\">Synth\u00e8se des provisions et descriptif des r<span class=\"_ _0\"></span>\u00e9gimes</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021</span>erAu 1<span class=\"_ _6f\"> </span><span class=\"ffaef\">\ue662janvier<span class=\"_ _269\"> </span></span>291<span class=\"_ _5c\"> </span>350<span class=\"_ _9a\"> </span>5<span class=\"_ _9e\"> </span>5<span class=\"_ _c8\"> </span>295<span class=\"_ _ae\"> </span><span class=\"ls70 ws70\">355</span>Charge nette de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _33f\"> </span>7<span class=\"_ _1a4\"> </span>5<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>7<span class=\"_ _1a4\"> </span>5Reprises exceptionnelles<span class=\"_ _f1\"> </span>(1)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1da\"> </span>(1)<span class=\"_ _7a\"> </span>(2)Prestations et contributions vers\u00e9es<span class=\"_ _342\"> </span>(26)<span class=\"_ _83\"> </span>(26)<span class=\"_ _1da\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _5c\"> </span>(27)<span class=\"_ _83\"> </span>(26)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _343\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-P<span class=\"_ _0\"></span>ertes et (gains) actuariels reconnus en ERG<span class=\"_ _344\"> </span>(49)<span class=\"_ _a7\"> </span>(40)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(49)<span class=\"_ _a7\"> </span>(40)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres<span class=\"_ _345\"> </span>1<span class=\"_ _9e\"> </span>4<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>1<span class=\"_ _9e\"> </span>4Au 31\ue662d\u00e9cembre<span class=\"_ _173\"> </span><span class=\"ffaee\">223<span class=\"_ _c2\"> </span>291<span class=\"_ _9a\"> </span>2<span class=\"_ _9e\"> </span>5<span class=\"_ _ae\"> </span><span class=\"ls53 ws53\">2<span class=\"_ _3\"></span>24<span class=\"_ _c8\"> </span></span>295</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _117\"> </span>33<span class=\"_ _186\"> </span>34<span class=\"_ _17d\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _194\"> </span>33<span class=\"_ _186\"> </span>34Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _343\"> </span>190<span class=\"_ _d1\"> </span>257<span class=\"_ _9a\"> </span>2<span class=\"_ _9a\"> </span>5<span class=\"_ _7a\"> </span>191<span class=\"_ _c2\"> </span>262\ue61f9.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.1<span class=\"_ _c0\"> </span><span class=\"ls0 ws0\">\ue61fR\u00e9gime \u00e0 cotisations d\u00e9finies</span>Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>correspondent <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>pay\u00e9es <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>garantissent <span class=\"_ _3\"></span>aux salari\u00e9s un niveau de prestation qui est directement li\u00e9 aux cotisations v<span class=\"_ _0\"></span>ers\u00e9es.Le <span class=\"ls0 ws0\">montant des contributions vers\u00e9es \u00e0 ce titre s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 18\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2022 (9\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021).</span>9<span class=\"_ _0\"></span>.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _c7\"> </span>R\u00e9gime \u00e0 prestations d\u00e9finiesCes <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>concernent <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _3b\"></span>retraite et <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>soins <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>retrait\u00e9s. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>2022, la r\u00e9partition g\u00e9ographique des engagements nets est la suiv<span class=\"_ _0\"></span>ante\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Allemagne<span class=\"_ _81\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis<span class=\"_ _52\"> </span>Royaume<span class=\"ffaf7\">\u2011</span><span class=\"lsbb wsbb\">Uni<span class=\"_ _8c\"> </span></span>France<span class=\"_ _8c\"> </span>Autres<span class=\"_ _a7\"> </span>T<span class=\"_ _f\"></span>otalV<span class=\"_ _1\"></span>aleur actuelle de l\u2019obligation<span class=\"_ _219\"> </span><span class=\"ls96 ws96\">1<span class=\"_ _3\"></span>74<span class=\"_ _194\"> </span></span>90<span class=\"_ _d7\"> </span>90<span class=\"_ _97\"> </span>6<span class=\"_ _194\"> </span>25<span class=\"_ _16a\"> </span>385Juste valeur des actifs du r\u00e9gime<span class=\"_ _295\"> </span>(0)<span class=\"_ _ae\"> </span>(66)<span class=\"_ _c2\"> </span><span class=\"ls6b ws6b\">(<span class=\"_ _3\"></span>79)<span class=\"_ _1b5\"> </span></span>-<span class=\"_ _d1\"> </span>(15)<span class=\"_ _17c\"> </span>(160)PROVISION POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES ASSIMIL\u00c9S<span class=\"_ _17d\"> </span>173<span class=\"_ _191\"> </span>23<span class=\"_ _185\"> </span>12<span class=\"_ _1a4\"> </span>6<span class=\"_ _194\"> </span>10<span class=\"_ _1e1\"> </span>223Paiements<span class=\"_ _346\"> </span>(16)<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1da\"> </span>(8)<span class=\"_ _17d\"> </span>-<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _c2\"> </span>(<span class=\"_ _3\"></span>27)Duration moyenne (en ann\u00e9es)<span class=\"_ _1ed\"> </span>9<span class=\"_ _1a4\"> </span>8<span class=\"_ _193\"> </span>14<span class=\"_ _97\"> </span>8<span class=\"_ _5c\"> </span><span class=\"ls5e ws5e\">N/A<span class=\"_ _5c\"> </span>N/A</span>\ue61fR\u00e9gimes de retr<span class=\"_ _0\"></span>aite et avantages assimil\u00e9sLes principaux r\u00e9gimes de r<span class=\"_ _0\"></span>etraite dans le Groupe sont les suivants\ue61f:\u2022en <span class=\"_ _3b\"></span>Allemagne<span class=\"ffaf5\">, <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficient <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plusieurs <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>retraite </span>priv\u00e9s <span class=\"_ _37\"></span>consentis <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>entreprise. <span class=\"_ _3b\"></span>Ces <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>retraite, <span class=\"_ _3b\"></span>non <span class=\"_ _37\"></span>financ\u00e9s, sont g\u00e9r\u00e9s par V<span class=\"_ _1\"></span>antiva et accordent aux b\u00e9n\u00e9ficiaires principalement des annuit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>retraite <span class=\"_\"> </span>et <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>pensions <span class=\"_\"> </span>d\u2019invalidit\u00e9. <span class=\"_\"> </span>Les <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>sont d\u00e9termin\u00e9s sur la <span class=\"_ _3\"></span>base de leurs <span class=\"_ _3\"></span>ann\u00e9es de service <span class=\"_ _3\"></span>et de leur <span class=\"_ _3\"></span>salaire en fin de carri\u00e8re<span class=\"_ _0\"></span>. Les r\u00e9gimes de retraite sont ferm\u00e9s aux nouveaux entrants<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est compris entre 60 et 63 ans\ue61f;\u2022aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>\u2011Unis<span class=\"ffaf5\">, <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>employ\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>couverts <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime </span>de retraite <span class=\"_ _3\"></span>\u00e0 prestations <span class=\"_ _3\"></span>d\u00e9finies. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a principalement <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _37\"></span>retraite <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>prestations <span class=\"_ _44\"></span>d\u00e9finies\ue61f: <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>r\u00e9gime <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>couvre <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>essentiel <span class=\"_ _44\"> </span>des employ\u00e9s <span class=\"_ _65\"> </span>non <span class=\"_ _64\"> </span>syndiqu\u00e9s, <span class=\"_ _65\"> </span>financ\u00e9 <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>fonds <span class=\"_ _65\"> </span>g\u00e9r<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>mani\u00e8re ind\u00e9pendante <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>couvre <span class=\"_ _3b\"></span>l\u2019ensemble <span class=\"_ _3\"></span>des dirigeants <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _65\"> </span>r\u00e9gime <span class=\"_ _65\"> </span>ferm\u00e9 <span class=\"_ _66\"> </span>aux <span class=\"_ _65\"> </span>nouveaux <span class=\"_ _66\"> </span>entrants<span class=\"_ _0\"></span>. <span class=\"_ _66\"> </span>Les avantages <span class=\"_ _65\"> </span>sont <span class=\"_ _66\"> </span>d\u00e9termin\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _66\"> </span>un <span class=\"_ _65\"> </span>pourcentage <span class=\"_ _65\"> </span>du <span class=\"_ _66\"> </span>salaire <span class=\"_ _65\"> </span>des participants <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>r\u00e9gime, <span class=\"_ _44\"> </span>compl\u00e9t\u00e9 <span class=\"_\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>taux <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>rendement <span class=\"_ _44\"> </span>financier minimum garanti sur les droits acquis jusqu\u2019<span class=\"_ _1\"></span>au d\u00e9part en retraite.erDepuis <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>1<span class=\"_ _6f\"> </span>\ue61fjanvier <span class=\"_ _61\"> </span>2010, <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _61\"> </span>futurs <span class=\"_ _46\"> </span>rendus <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>salari\u00e9s am\u00e9ricains <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>donnent <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>prestations <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>gel des <span class=\"_ _37\"></span>plans <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pension <span class=\"_ _44\"></span>d\u00e9cid\u00e9 <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>annonc\u00e9 <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>2009. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"></span>droits <span class=\"_ _44\"></span>cumul\u00e9s restent <span class=\"_ _3\"></span>acquis <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>portent <span class=\"_ _3\"></span>int\u00e9r\u00eat, <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>vers\u00e9es au fonds de pension.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffaf7\">\u2011</span>\u2011Uni<span class=\"ffaf5\">, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva accorde <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>\u00e0 </span>prestations <span class=\"_ _3\"></span>d\u00e9finies <span class=\"_ _3\"></span>financ\u00e9 <span class=\"_ _3\"></span><span class=\"ffaf9\">via<span class=\"_ _3b\"></span></span> un <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante qui b\u00e9n\u00e9ficie des <span class=\"_ _3\"></span>contributions de V<span class=\"_ _1\"></span>antiva et <span class=\"_ _3\"></span>qui verse les prestations <span class=\"_ _3\"></span>de retraite<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Ce </span>r\u00e9gime est ferm\u00e9 aux nouveaux entrants.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022en France,<span class=\"_ _3\"></span><span class=\"ffaf5\"> des indemnit\u00e9s <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>telles que <span class=\"_ _3\"></span>pr\u00e9vues par </span>la <span class=\"_ _44\"> </span>convention <span class=\"_ _44\"> </span>collective, <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>payables <span class=\"_ _44\"> </span>aux <span class=\"_ _47\"> </span>employ\u00e9s <span class=\"_ _44\"> </span>s\u2019ils <span class=\"_ _44\"> </span>font <span class=\"_ _44\"> </span>encore partie <span class=\"_ _64\"> </span>du <span class=\"_ _60\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>cette <span class=\"_ _64\"> </span>date. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>indemnit\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>\u00e9valu\u00e9es <span class=\"_ _64\"> </span>et provisionn\u00e9es <span class=\"_ _61\"> </span>sur <span class=\"_ _64\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>salaire <span class=\"_ _61\"> </span>estim\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019anciennet\u00e9 <span class=\"_ _61\"> </span>des employ\u00e9s \u00e0 la date de leur d\u00e9part.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite est de <span class=\"_ _3\"></span>62 ans <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge moyen <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>retraite observ\u00e9 est de 64 ans\ue61f;\u2022dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>autres <span class=\"_ _60\"> </span>pays<span class=\"ffaf5\">, <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>accorde <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>r\u00e9gimes <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>retraite <span class=\"_ _61\"> </span>au </span>Mexique, <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>Belgique, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>Japon <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>Cor\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Sud. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>avantages sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>bas\u00e9s <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>r\u00e9mun\u00e9ration <span class=\"_ _3\"></span>assur\u00e9e <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>carri\u00e8re et la dur\u00e9e de service.R\u00e9gimes de couvertur<span class=\"_ _0\"></span>e de soins m\u00e9dicauxAux <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis, <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _64\"> </span>o\ue61erait <span class=\"_ _60\"> </span>un <span class=\"_ _64\"> </span>r\u00e9gime <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>couverture <span class=\"_ _64\"> </span>m\u00e9dicale <span class=\"_ _64\"> </span>\u00e0 certains <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _44\"> </span>pendant <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>retraite. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>r\u00e9gime <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>couverture <span class=\"_ _44\"></span>m\u00e9dicale aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>Unis inclut <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>frais <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des frais dentaires et a \u00e9t\u00e9 ferm\u00e9 aux nouveaux entr<span class=\"_ _0\"></span>ants.9<span class=\"_ _1\"></span>.2.2<span class=\"_ _bc\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>l\u00e9ments du compte de r\u00e9sultat et de l\u2019\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global</span>9<span class=\"_ _0\"></span>.2.2.1<span class=\"_ _c7\"> </span>Compte de r\u00e9sultatPlans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>Co\u00fbt des services\ue662:<span class=\"_ _347\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt des services rendus au cours de la p\u00e9riode<span class=\"_ _17\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)co\u00fbt des services pass\u00e9s et gains li\u00e9s \u00e0 une r\u00e9duction de r\u00e9gime<span class=\"_ _9\"> </span>-<span class=\"_ _9a\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>2Co\u00fbt \ue75cnancier net\ue662:<span class=\"_ _348\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt financier relatif \u00e0 l\u2019<span class=\"_ _0\"></span>engagement<span class=\"_ _349\"> </span>(8)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _178\"> </span></span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(8)<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>rendement relatif aux actifs du r\u00e9gime<span class=\"_ _34a\"> </span>5<span class=\"_ _1a4\"> </span>3<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _9a\"> </span>5<span class=\"_ _1a4\"> </span>3co\u00fbt administratif et taxe<span class=\"_ _34b\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS (6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span></span>(6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(2)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN CHARGES\ue61f9<span class=\"_ _1\"></span>.2.2.2<span class=\"_ _be\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global (ERG)</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>OUVERTURE<span class=\"_ _21b\"> </span><span class=\"ffb02\">\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _a9\"> </span></span>(196)<span class=\"_ _18c\"> </span>(236)Gains/(P<span class=\"_ _0\"></span>ertes) actuariels sur les actifs du r\u00e9gime\ue61f:<span class=\"_ _ba\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61fli\u00e9s au rendement des actifs de couverture<span class=\"_ _220\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2Gains/(pertes) actuariels sur la provision pour retr<span class=\"_ _0\"></span>aites\ue61f:<span class=\"_ _e4\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61fli\u00e9s au changement d\u2019hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _10e\"> </span>3<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _97\"> </span>3<span class=\"_ _9a\"> </span>2(1)li\u00e9s au changement d\u2019hypoth\u00e8ses financi\u00e8res\ue61f<span class=\"_ _335\"> </span>122<span class=\"_ _186\"> </span>35<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span>122<span class=\"_ _186\"> </span>35li\u00e9s aux ajustements d\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _182\"> </span>(12)<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _c8\"> </span>(12)<span class=\"_ _178\"> </span>1COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS 49<span class=\"_ _7a\"> </span>40<span class=\"_ _97\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _aa\"> </span>50<span class=\"_ _aa\"> </span>40D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERGCOMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _8d\"> </span><span class=\"ffb01\">(146)<span class=\"_ _a9\"> </span>(196)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERG(1) <span class=\"ls6d ws6d\">En </span>2022 la variation des taux d\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>tualisation (voir note 9<span class=\"_ _0\"></span>.2.5) a entra\u00een\u00e9 un gain actuariel de 49\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros contre un gain actuariel de 40\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021.9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.3<span class=\"_ _c0\"> </span>\u00c9<span class=\"_ _0\"></span>volution des engagements et des actifs de couverturesPlans de retraitesCouvertureet avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _53\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _5e\"> </span><span class=\"ffb0a fc1\">2021</span>V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 l\u2019<span class=\"_ _0\"></span>ouverture<span class=\"_ _41\"> </span>(514)<span class=\"_ _72\"> </span>(558)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _84\"> </span>(519)<span class=\"_ _c1\"> </span>(563)Co\u00fbt des services rendus<span class=\"_ _347\"> </span>(2)<span class=\"_ _a7\"> </span>(2)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _a7\"> </span>(2)<span class=\"_ _a7\"> </span>(2)Co\u00fbt financier<span class=\"_ _34c\"> </span>(8)<span class=\"_ _18a\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _186\"> </span></span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _18a\"> </span>(8)<span class=\"_ _a7\"> </span><span class=\"ls52 ws52\">(6)</span>R\u00e9\u00e9valuation - gains/(pertes) actuariels pr<span class=\"_ _0\"></span>ovenant\ue61f:<span class=\"_ _b6\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61fde changement dans les hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _1a0\"> </span>3<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _1da\"> </span>2de changement dans les hypoth\u00e8ses financi\u00e8res<span class=\"_ _cb\"> </span>122<span class=\"_ _c8\"> </span>35<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _17c\"> </span>122<span class=\"_ _c8\"> </span>35des ajustements li\u00e9s \u00e0 l\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _34d\"> </span>(12)<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _94\"> </span>(12)<span class=\"_ _186\"> </span>1Co\u00fbt des services pass\u00e9s, incluant les gains/(pertes) sur les r<span class=\"_ _0\"></span>\u00e9ductions -<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>1de\ue61fr\u00e9gimeV<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _34e\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _186\"> </span>-Prestations vers\u00e9es<span class=\"_ _123\"> </span>29<span class=\"_ _c8\"> </span>32<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _89\"> </span>29<span class=\"_ _ae\"> </span>32\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _13e\"> </span>(2)<span class=\"_ _12\"> </span>(18)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _83\"> </span>(1)<span class=\"_ _12\"> </span>(18)Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 la cl\u00f4ture<span class=\"_ _2\"> </span>(383)<span class=\"_ _84\"> </span>(514)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c1\"> </span>(385)<span class=\"_ _84\"> </span>(518)Obligation enti\u00e8rement ou partiellement financ\u00e9e<span class=\"_ _ce\"> </span>(188)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>248)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _2f\"> </span>(188)<span class=\"_ _84\"> </span>(248)Obligation non financ\u00e9e<span class=\"_ _112\"> </span>(195)<span class=\"_ _84\"> </span>(266)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _2f\"> </span>(199)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>270)Juste valeur des actifs du plan \u00e0 l\u2019<span class=\"_ _1\"></span>ouverture<span class=\"_ _2\"> </span>223<span class=\"_ _a9\"> </span>208<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _69\"> </span>223<span class=\"_ _a9\"> </span>208Rendement des actifs de couverture<span class=\"_ _34d\"> </span>4<span class=\"_ _58\"> </span>3<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _1da\"> </span>3Gains/(pertes) de r\u00e9\u00e9valuation<span class=\"_ _34b\"> </span>(<span class=\"_ _0\"></span>65)<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _8d\"> </span>(65)<span class=\"_ _aa\"> </span>2Cotisations vers\u00e9es par l\u2019<span class=\"_ _1\"></span>employeur<span class=\"_ _34f\"> </span>8<span class=\"_ _aa\"> </span>8<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>8<span class=\"_ _aa\"> </span>8Prestations vers\u00e9e<span class=\"_ _350\"> </span>(11)<span class=\"_ _18f\"> </span>(14)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _ab\"> </span>(11)<span class=\"_ _12\"> </span>(14)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _123\"> </span>-<span class=\"_ _ae\"> </span>15<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _c2\"> </span>15Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-Juste valeur \u00e0 la cl\u00f4ture<span class=\"_ _351\"> </span>160<span class=\"_ _69\"> </span>223<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _12\"> </span>160<span class=\"_ _69\"> </span>223PROVISIONS POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>GES ASSIMIL\u00c9S<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>224)<span class=\"_ _84\"> </span>(291)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c9\"> </span>(225)<span class=\"_ _c1\"> </span>(295)\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>ce <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>verser<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>cours <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2023, <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>ordre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>25\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>plans <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>prestations </span>d\u00e9finies, dont 18\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros directement par l\u2019<span class=\"_ _0\"></span>entreprise aux employ\u00e9s et 7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros par les plans<span class=\"_ _0\"></span>.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.<span class=\"_ _3\"></span>4Actifs du r\u00e9gime9<span class=\"_ _0\"></span>.2.4.<span class=\"_ _0\"></span>1P<span class=\"_ _0\"></span>olitique et strat\u00e9gie de couverture des\ue61fengagementsD<span class=\"_ _0\"></span>ans <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_\"> </span>o\u00f9 <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>retraites <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>assimil\u00e9s <span class=\"_ _46\"> </span>est couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs, <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffb0c\">\u2011</span>Unis <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, la strat\u00e9gie d\u2019investissement concernant ces actifs de couverture est d\u00e9finie en fonction du profil des b\u00e9n\u00e9ficiaires des plans<span class=\"_ _0\"></span>.Au <span class=\"_ _46\"> </span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>contributions <span class=\"_ _61\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _46\"> </span>r\u00e9gimes <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>prestations d\u00e9finies <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>n\u00e9goci\u00e9es <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>rustees <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>apr\u00e8s <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>\u00e9valuation <span class=\"_ _3b\"></span>triennale. Les T<span class=\"_ _f\"></span>rustees sont <span class=\"_ _3\"></span>conseill\u00e9s par un <span class=\"_ _3\"></span>acteur majeur <span class=\"_ _3\"></span>du conseil <span class=\"_ _3\"></span>en gestion des risques <span class=\"_ _6f\"> </span>sur <span class=\"_ _6f\"> </span>la <span class=\"_ _6f\"> </span>politique <span class=\"_ _6f\"> </span>d\u2019investissement. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>cotisations <span class=\"_ _28\"> </span>annuelles moyennes <span class=\"_ _61\"> </span>sont <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>l\u2019or<span class=\"_ _0\"></span>dre <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>6,6\ue61fmillions <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>livres <span class=\"_ _46\"> </span>sterling <span class=\"_ _61\"> </span>(<span class=\"_ _3\"></span>7<span class=\"_ _1\"></span>,7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au taux moyen 2022).Aux <span class=\"_ _44\"></span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb0c\">\u2011</span>Unis, <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>politique <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _44\"> </span>est <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>contribuer <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>hauteur <span class=\"_ _44\"></span>d\u2019un montant <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>moins <span class=\"_ _3b\"></span>\u00e9gal <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>minima <span class=\"_ _3\"></span>requis <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3\"></span>am\u00e9ricaine. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3\"></span></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3\"></span>pas eu de contribution en 2022.P<span class=\"_ _0\"></span>\u00e9riodiquement, <span class=\"_\"> </span>une <span class=\"_\"> </span>analyse <span class=\"_\"> </span>actif<span class=\"ffb0c\">\u2011</span>passif <span class=\"_\"> </span>des <span class=\"_\"> </span>politiques <span class=\"_\"> </span>d\u2019investissement est r\u00e9alis\u00e9e<span class=\"_ _0\"></span>, pour mesurer l\u2019<span class=\"_ _0\"></span>\u00e9quilibre\ue61frisque\ue61f/ rentabilit\u00e9.\u2022aux <span class=\"_\"> </span>\u00c9tats<span class=\"ffb0c\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_\"> </span>dans <span class=\"_\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>r\u00e9gime <span class=\"_\"> </span>de <span class=\"_\"> </span>retraite <span class=\"_\"> </span>est <span class=\"_\"> </span>gel\u00e9, <span class=\"_\"> </span>la strat\u00e9gie <span class=\"_\"> </span>d\u2019investissement <span class=\"_\"> </span>vise <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>augmenter <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>ratio de <span class=\"_\"> </span>capitalisation pour <span class=\"_ _3\"></span>atteindre le <span class=\"_ _3\"></span>montant <span class=\"_ _3\"></span>de l\u2019obligation tout <span class=\"_ _3\"></span>en visant <span class=\"_ _3\"></span>simultan\u00e9ment <span class=\"_ _3\"></span>\u00e0 minimiser <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>volatilit\u00e9 <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>ratio <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>capitalisation <span class=\"_ _3b\"></span>(le <span class=\"_ _3b\"></span>ratio <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>financement est <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _46\"> </span>75\ue61f%). <span class=\"_ _46\"> </span>L<span class=\"_ _1\"></span>\u2019actif <span class=\"_\"> </span>est <span class=\"_\"> </span>enti\u00e8rement <span class=\"_\"> </span>compos\u00e9 <span class=\"_ _46\"> </span>d\u2019obligations <span class=\"_\"> </span>et d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Un <span class=\"_ _37\"></span></span>mandat <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>fond <span class=\"_ _37\"></span>externe pour appliquer cette strat\u00e9gie\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>statut <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>financement <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _3\"></span>90\ue61f%. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>de financement <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>compos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>54\ue61f% <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>assurance <span class=\"_ _3\"></span>couvrant <span class=\"_ _3\"></span>les obligations <span class=\"_ _61\"> </span>envers <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>retrait\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>34\ue61f% <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>obligations <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9quivalents <span class=\"_ _61\"> </span>de tr\u00e9sorerie<span class=\"_ _0\"></span>, 11\ue61f% d\u2019instruments de capitaux propres et 1\ue61f% d\u2019immeubles.9<span class=\"_ _0\"></span>.2.4.2<span class=\"_ _4f\"> </span>V<span class=\"_ _f\"></span>entilation de la juste valeur par cat\u00e9gorieR\u00e9partition des actifs\ue662Juste valeur des actifs\ue662au\ue66231\ue662d\u00e9cembreau\ue66231\ue662d\u00e9cembre(en % et en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents<span class=\"_ _270\"> </span>3\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _158\"> </span>5<span class=\"_ _8b\"> </span>2Actions<span class=\"_ _352\"> </span>50\ue61f%<span class=\"_ _1d\"> </span>13\ue61f%<span class=\"_ _251\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _82\"> </span></span>30T<span class=\"_ _0\"></span>itres de cr\u00e9ances<span class=\"_ _160\"> </span>31\ue61f%<span class=\"_ _1b5\"> </span>69\ue61f%<span class=\"_ _5\"> </span>50<span class=\"_ _19b\"> </span>154Immobilier<span class=\"_ _271\"> </span>1\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _8b\"> </span>2<span class=\"_ _158\"> </span>3Contrats d\u2019<span class=\"_ _1\"></span>assurance<span class=\"_ _2af\"> </span>15\ue61f%<span class=\"_ _1ee\"> </span>15\ue61f%<span class=\"_ _251\"> </span>25<span class=\"_ _156\"> </span>33TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _2c4\"> </span>100\ue662%<span class=\"_ _186\"> </span>100\ue662%<span class=\"_ _17e\"> </span><span class=\"ffb15\">160<span class=\"_ _184\"> </span>223</span>\ue61fLa juste valeur des <span class=\"_ _3\"></span>titres de cr\u00e9ances et <span class=\"_ _3\"></span>des instruments de <span class=\"_ _3\"></span>capitaux propres est bas\u00e9e sur <span class=\"_ _3\"></span>des prix cot\u00e9s <span class=\"_ _3\"></span>sur des march\u00e9s actifs. La juste <span class=\"_ _3\"></span>valeur des actifs <span class=\"_ _3\"></span>de couverture ne comprend p<span class=\"_ _0\"></span>as d\u2019instruments financiers \u00e9mis par V<span class=\"_ _1\"></span>antiva ni tout autre actif utilis\u00e9 par le Groupe<span class=\"_ _0\"></span>.En <span class=\"ls0 ws0\">2022 le rendement r\u00e9el des actifs s\u2019<span class=\"_ _0\"></span>est av\u00e9r\u00e9 n\u00e9gatif \u00e0 (59)\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros (positif de 5\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros en 2021).</span>9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.5<span class=\"_ _bc\"> </span>Hypoth\u00e8ses r<span class=\"_ _0\"></span>etenues pour le calcul actuarielPlans de retraites\ue662et avantages assimil\u00e9s<span class=\"_ _156\"> </span>Couverture m\u00e9dicale\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _23\"></span>aux d\u2019<span class=\"_ _0\"></span>actualisation moyen pond\u00e9r\u00e9<span class=\"_ _277\"> </span>4,40\ue61f%<span class=\"_ _1b4\"> </span>1,61\ue61f%<span class=\"_ _186\"> </span>4,89\ue61f%<span class=\"_ _194\"> </span>2,55\ue61f%T<span class=\"_ _23\"></span>aux moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _0\"></span>augmentation des salaires \u00e0 long terme<span class=\"_ _171\"> </span>1,22\ue61f%<span class=\"_ _74\"> </span>1,17\ue61f%<span class=\"_ _4e\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _4e\"> </span>N/A</span>\ue61fM\u00e9thodologie appliqu\u00e9e pour la d\u00e9termination du taux d\u2019<span class=\"_ _0\"></span>actualisationP<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>am\u00e9ricains, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>prestations <span class=\"_ _3\"></span>projet\u00e9es <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>actualis\u00e9es <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>utilisant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>courbe <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>partir <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>obligations <span class=\"_ _3\"></span>\u00e9mises par des entreprises <span class=\"_ _3\"></span>not\u00e9es AA. Dans la zone Euro et au <span class=\"_ _3\"></span>Royaume<span class=\"ffb17\">\u2011</span>U<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>les taux <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actualisation utilis\u00e9s sont <span class=\"_ _3\"></span>d\u00e9termin\u00e9s sur <span class=\"_ _3\"></span>la base des <span class=\"_ _3\"></span>obligations \u00e9mises par des entreprises not\u00e9es AA.Plans de retraites\ue662(en %)et avantages assimil\u00e9s<span class=\"_ _188\"> </span>Plans de pr\u00e9retraite<span class=\"_ _80\"> </span>Couverture m\u00e9dicale<span class=\"_ _ee\"> </span>Index de r\u00e9f\u00e9renceZ<span class=\"_ _0\"></span>one Euro<span class=\"_ _110\"> </span>3,77\ue61f%<span class=\"_ _129\"> </span>0,00\ue61f%<span class=\"_ _eb\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _f2\"> </span></span>Iboxx AA10+Royaume U<span class=\"_ _0\"></span>ni<span class=\"_ _169\"> </span>4,70\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _eb\"> </span>N/A<span class=\"_ _23f\"> </span></span>Aon Hewitt AA curve\u00c9tats<span class=\"_ _0\"></span><span class=\"ffb17\">\u2011<span class=\"ffb12\">Unis<span class=\"_ _353\"> </span>4,81\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e4\"> </span></span>4,89\ue61f%<span class=\"_ _6e\"> </span>Citigroup pension discount curve</span></span>\ue61f9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.6<span class=\"_ _4d\"> </span>Risques associ\u00e9s aux r\u00e9gimes \u00e0 prestation d\u00e9finies et analyse de sensibilit\u00e9Les plans de retr<span class=\"_ _0\"></span>aite sont principalement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux risques financiers li\u00e9s aux hypoth\u00e8ses de taux d\u2019<span class=\"_ _0\"></span>actualisation.Les plans de couverture m\u00e9dicale sont princip<span class=\"_ _0\"></span>alement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>li\u00e9s <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>taux d\u2019inflation de la couverture m\u00e9dicale.La sensibilit\u00e9 de l\u2019<span class=\"_ _0\"></span>\u00e9valuation actuarielle est d\u00e9crite ci<span class=\"ffb17\">\u2011</span>dessous\ue61f:\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>augmentait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>diminuerait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>diminuait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>augmenterait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>couverture <span class=\"_ _37\"></span>m\u00e9dicale <span class=\"_ _44\"></span>augmentaient <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>1\ue61f%, <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_\"> </span>les <span class=\"_\"> </span>co\u00fbts <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>m\u00e9dicale <span class=\"_\"> </span>diminuaient <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>1\ue61f%, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si le taux <span class=\"_ _3\"></span>de revalorisation des salaires augmentait de <span class=\"_ _3\"></span>0,25\ue61f%, la provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>revalorisation <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>salaires <span class=\"_ _3b\"></span>diminuait <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>0,25\ue61f%, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>sensibilit\u00e9 <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9e <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>de changements raisonnables de chacune des <span class=\"_ _3\"></span>hypoth\u00e8ses \u00e0 la date <span class=\"_ _3\"></span>de cl\u00f4ture, tout en conservant les autres hypoth\u00e8ses inchang\u00e9es<span class=\"_ _0\"></span>.9.<span class=\"_ _3b\"></span>3<span class=\"_ _25\"> </span><span class=\"ls0 ws0\">Paiements sur la b<span class=\"_ _0\"></span>ase d\u2019<span class=\"_ _0\"></span>actions</span>9<span class=\"_ _1\"></span>.3.<span class=\"_ _0\"></span>1<span class=\"_ _1d0\"> </span>Plans de <span class=\"ffb1f\">stock</span>\u2011options<span class=\"ffb1b\"> et actions ordinair<span class=\"_ _0\"></span>es </span>accord\u00e9s par V<span class=\"_ _23\"></span>antivaPlan d\u2019int\u00e9ressement du management \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actionnaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>23\ue61fmai <span class=\"_ _3b\"></span>2013, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>quinzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>autoris\u00e9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>attribution, en <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3b\"></span>fois, <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>fran\u00e7aises <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e9trang\u00e8res<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>achat <span class=\"_ _3\"></span>ou de <span class=\"_ _3\"></span>souscription <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actions. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>autorisation <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e de <span class=\"_ _3b\"></span>38 <span class=\"_ _37\"></span>mois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _37\"></span>23\ue61fjuillet <span class=\"_ _3b\"></span>2016. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>options <span class=\"_ _37\"></span>attribu\u00e9es <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>titre <span class=\"_ _3b\"></span>de cette <span class=\"_ _64\"> </span>autorisation <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>pouvaient <span class=\"_ _64\"> </span>donner <span class=\"_ _60\"> </span>droit <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _64\"> </span>nombre <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actions sup\u00e9rieur \u00e0 994\ue61f204 <span class=\"_ _3\"></span>(soit, avec prise en compte <span class=\"_ _3\"></span>du regroupement d\u2019<span class=\"_ _0\"></span>actions intervenu <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2020, <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 <span class=\"_ _3b\"></span>repr\u00e9sentant 8\ue61f% <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>capital <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du 23\ue61fmai 2013).Le <span class=\"_ _61\"> </span>Directeur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral, <span class=\"_ _46\"> </span>agissant <span class=\"_ _60\"> </span>sur <span class=\"_ _61\"> </span>d\u00e9l\u00e9gation <span class=\"_ _61\"> </span>octroy\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>r\u00e9union en <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>22\ue61fseptembre <span class=\"_ _3b\"></span>2022, <span class=\"_ _3b\"></span>afin <span class=\"_ _3b\"></span>de pr\u00e9server <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>titulaires <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>Options <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>l\u2019issue <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution, <span class=\"_ _37\"> </span>a d\u00e9cid\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>proc\u00e9der <span class=\"_\"> </span>comme <span class=\"_\"> </span>suit <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>ajustement <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>des <span class=\"_\"> </span>titulaires d\u2019<span class=\"_ _0\"></span>Options n\u2019<span class=\"_ _0\"></span>ayant pas exer<span class=\"_ _0\"></span>c\u00e9 leurs Options avant le 6\ue61fseptembre 2022\ue61f:\u2022Management <span class=\"_ _60\"> </span>Incentive <span class=\"_ _60\"> </span>Plan<span class=\"_ _64\"> </span> juin\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>appliquant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>coefficient modifi\u00e9 <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,62239944, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>prix <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>options <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>modifi\u00e9 <span class=\"_ _44\"> </span>et s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _44\"> </span>d\u00e9sormais <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>60,54\ue61feuros<span class=\"_ _0\"></span>, <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Soci\u00e9t\u00e9 sous <span class=\"_\"> </span>options <span class=\"_\"> </span>existantes <span class=\"_\"> </span>(une <span class=\"_\"> </span>option pour <span class=\"_\"> </span>une <span class=\"_\"> </span>action) <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>ajust\u00e9 <span class=\"_\"> </span>\u00e0 10\ue61f083\ue61f;\u2022Management <span class=\"_ _64\"> </span>Incentive <span class=\"_ _64\"> </span>Plan<span class=\"_ _64\"> </span> octobre\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>appliquant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>m\u00eame coefficient modifi\u00e9, le <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice des <span class=\"_ _3\"></span>options a <span class=\"_ _3\"></span>\u00e9t\u00e9 modifi\u00e9 <span class=\"_ _3\"></span>et s\u2019\u00e9l\u00e8ve d\u00e9sormais \u00e0 73,<span class=\"_ _3\"></span>21\ue61feuros<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>le nombre d\u2019<span class=\"_ _0\"></span>actions de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 sous option existantes est d\u00e9sormais de 47\ue61f587<span class=\"_ _1\"></span>.Au <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022, <span class=\"_ _3\"></span>7\ue61f563 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>23\ue61f800 <span class=\"_ _3\"></span>options <span class=\"_ _3\"></span>li\u00e9es respectivement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>MIP juin\ue61f2017 et MIP octobre\ue61f2017 sont toujours en circulation.Les <span class=\"_ _61\"> </span>options <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>plan <span class=\"_ _60\"> </span>MIP <span class=\"_ _60\"> </span>2016 <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>annul\u00e9es <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>fait <span class=\"_ _61\"> </span>de l\u2019<span class=\"_ _0\"></span>expiration du plan en juin et octobre\ue61f2022.Plan d\u2019int\u00e9ressement \u00e0 long terme 2019<span class=\"ffb1e\">\u202f</span>: \u00ab\ue61f2019\ue61fLong\ue61fT<span class=\"_ _45\"></span>erm\ue61fIncentive\ue61fPlan (L<span class=\"_ _f\"></span>TIP 2019)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _64\"> </span>g\u00e9n\u00e9rale <span class=\"_ _64\"> </span>du\ue61f14\ue61fjuin <span class=\"_ _64\"> </span>2019<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vingti\u00e8me\ue61fr\u00e9solution, <span class=\"_ _64\"> </span>a autoris\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>attribuer <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>existantes <span class=\"_\"> </span>ou des <span class=\"_ _37\"></span>actions <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>en <span class=\"_ _37\"></span>faveur <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>certaines cat\u00e9gories <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>salari\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _37\"> </span>autorisation <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _37\"> </span>p\u00e9riode de\ue61f12\ue61fmois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au\ue61f13\ue61fjuin <span class=\"_ _37\"></span>2020, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>actions <span class=\"_ _37\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>vertu <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la pr\u00e9sente autorisation <span class=\"_ _3\"></span>ne\ue61fpouvant pas <span class=\"_ _3\"></span>d\u00e9passer <span class=\"_ _3\"></span>3\ue61f000\ue61f000, soit <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 r\u00e9ajust\u00e9e de 111\ue61f111 actions apr\u00e8s op\u00e9r<span class=\"_ _0\"></span>ations de regroupement.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette\ue61fautorisation <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sur <span class=\"_ _46\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a approuv\u00e9 le\ue61f14\ue61fjuin <span class=\"_ _3\"></span>2019\ue61fla mise en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3b\"></span>Plan <span class=\"_ _37\"></span>d\u2019int\u00e9ressement <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>management <span class=\"_ _3b\"></span>(L<span class=\"_ _1\"></span>TIP 2019).Ce <span class=\"_ _3\"></span><span class=\"ls0 ws0\">plan, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9tale <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>trois <span class=\"_ _3\"></span>ann\u00e9es, pr\u00e9voit <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>de </span>droits <span class=\"_ _60\"> </span>conditionnels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>recev<span class=\"_ _0\"></span>oir <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>gratuites <span class=\"_ _60\"> </span>dont <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _1\"></span>acquisition d\u00e9finitive <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>conditionn\u00e9e <span class=\"_ _66\"> </span>au\ue61frespect <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>condition <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan jusqu\u2019<span class=\"_ _1\"></span>au\ue61f14\ue61fjuin 2022.Sur <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>fondement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>sur recommandation <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3b\"></span>r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>du 30\ue61fjanvier <span class=\"_\"> </span>2020 <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>attribu\u00e9 <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>plusieurs <span class=\"_\"> </span>fois, <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>14\ue61fjuin <span class=\"_\"> </span>2019 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>le 20\ue61fjanvier <span class=\"_\"> </span>2020, <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>nombre <span class=\"_ _44\"> </span>total <span class=\"_\"> </span>de <span class=\"_\"> </span>2\ue61f907\ue61f000 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>recevoir <span class=\"_\"> </span>autant d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _60\"> </span>gratuites, <span class=\"_ _61\"> </span>soit <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>quotit\u00e9 <span class=\"_ _60\"> </span>r\u00e9ajust\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>107\ue61f601 <span class=\"_ _60\"> </span>droits <span class=\"_ _60\"> </span>apr\u00e8s regroupement d\u2019<span class=\"_ _1\"></span>actions.Ce <span class=\"ls0 ws0\">plan est arriv\u00e9 \u00e0 \u00e9ch\u00e9ance le 14\ue61fjuin 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">19\ue61fseptembre 2022, <span class=\"_ _3\"></span>agissant <span class=\"_ _3\"></span>sur d\u00e9l\u00e9gation <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Conseil d\u2019administr<span class=\"_ _0\"></span>ation, </span>le <span class=\"_ _3\"></span>Directeur g\u00e9n\u00e9ral <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>proc\u00e9d\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>di\ue61d\u00e9r\u00e9e <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es gratuitement <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _37\"></span>2019 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>d\u00e9finitivement <span class=\"_ _3b\"></span>acquises, pr\u00e9alablement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_\"> </span>intervenue <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>27\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022. <span class=\"_ _44\"> </span>A <span class=\"_\"> </span>cet e\ue61det, 78\ue61f637 actions <span class=\"_ _3\"></span>nouvelles ont \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9mises et livr\u00e9es <span class=\"_ _3\"></span>aux b\u00e9n\u00e9ficiaires du plan L<span class=\"_ _f\"></span>TIP 2019.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2020 (L<span class=\"_ _f\"></span>TIP 2020)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, a <span class=\"_ _44\"> </span>autoris\u00e9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>proc\u00e9der <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions existantes <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>\u00e9mettre, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>qu\u2019il <span class=\"_ _3\"></span>d\u00e9terminera <span class=\"_ _3b\"></span>parmi les <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>et/ou <span class=\"_\"> </span>mandataires <span class=\"_ _44\"> </span>sociaux <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>Soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_\"> </span>ou groupements <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>lui <span class=\"_ _37\"></span>sont <span class=\"_ _44\"> </span>li\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _44\"> </span>autorisation <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une dur\u00e9e de <span class=\"_ _3\"></span>36 <span class=\"_ _3\"></span>mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>valable <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3\"></span>2023. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>droits \u00e0 <span class=\"_ _3\"></span>attribuer en <span class=\"_ _3\"></span>vertu de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pr\u00e9sente <span class=\"_ _3\"></span>autorisation ne <span class=\"_ _3\"></span>pourront <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>droit \u00e0 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _44\"> </span>sup\u00e9rieur <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>3,6\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_ _44\"> </span>tel <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>constat\u00e9 <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_ _44\"> </span>\u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>17\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2020 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>2020 <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>attribu\u00e9 2\ue61f829\ue61f146 <span class=\"_\"> </span>droits <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>actions <span class=\"_\"> </span>gratuites. <span class=\"_\"> </span>Ces <span class=\"_ _46\"> </span>plans <span class=\"_ _46\"> </span>triennaux <span class=\"_ _61\"> </span>conf\u00e8rent <span class=\"_\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>droits <span class=\"_ _6f\"> </span>conditionnels <span class=\"_ _4c\"> </span>de <span class=\"_ _6f\"> </span>recevoir <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>Actions <span class=\"_ _4c\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _61\"> </span>dont <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>livraison <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>subordonn\u00e9e <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>satisfaction <span class=\"_ _61\"> </span>d\u2019une condition <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _44\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _44\"> </span>(soit <span class=\"_ _44\"> </span>initialement jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _65\"> </span>17\ue61fd\u00e9cembre <span class=\"_ _64\"> </span>2023) <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>r\u00e9alisation <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>deux <span class=\"_ _64\"> </span>conditions <span class=\"_ _65\"> </span>de performance, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>condition <span class=\"_\"> </span>de <span class=\"_\"> </span>performance <span class=\"_\"> </span>interne <span class=\"_ _44\"> </span>assise <span class=\"_\"> </span>sur <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>atteinte d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _61\"> </span>d\u2019EBIT<span class=\"_ _0\"></span>A <span class=\"_ _61\"> </span>cumul\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>une <span class=\"_ _60\"> </span>condition <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>performance <span class=\"_ _60\"> </span>externe assise <span class=\"_ _3\"></span>sur un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>actionnaires jusqu\u2019\u00e0 la <span class=\"_ _3\"></span>fin de <span class=\"_ _3b\"></span>2022. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>est <span class=\"_ _3b\"></span>pr\u00e9cis\u00e9 <span class=\"_ _3b\"></span>toutefois <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>754\ue61f656 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"></span>droits <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>portent <span class=\"_ _3b\"></span>pas sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>Actions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Performance <span class=\"_ _3\"></span>mais <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>gratuites <span class=\"_ _3\"></span>attribu\u00e9s <span class=\"_ _3b\"></span>\u00e0 des <span class=\"_ _61\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _60\"> </span>qui <span class=\"_ _60\"> </span>ne <span class=\"_ _61\"> </span>font <span class=\"_ _60\"> </span>pas <span class=\"_ _60\"> </span>partie <span class=\"_ _61\"> </span>du <span class=\"_ _60\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>dont l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _4c\"> </span>d\u00e9finitive <span class=\"_ _66\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _4c\"> </span>soumise <span class=\"_ _4c\"> </span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _4c\"> </span>condition <span class=\"_ _4c\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan.Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>24\ue61fmars <span class=\"_ _44\"> </span>2021 <span class=\"_ _47\"> </span>a <span class=\"_ _44\"> </span>proc\u00e9d\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>de 1\ue61f424\ue61f899 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>membres <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb27\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3\"></span>commen\u00e7ant \u00e0 <span class=\"_ _3\"></span>la date <span class=\"_ _3\"></span>de l\u2019attribution, devait prendre fin <span class=\"_\"> </span>\u00e9galement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>troisi\u00e8me <span class=\"_\"> </span>anniversaire <span class=\"_ _44\"> </span>(soit <span class=\"_\"> </span>initialement <span class=\"_ _47\"> </span>au <span class=\"_ _44\"> </span>24\ue61fmars 2024).D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>contexte <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>Distribution, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>fid\u00e9liser <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>ces plans <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aligner <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>int\u00e9r\u00eats <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>celui <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>onseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _66\"> </span>a <span class=\"_ _4c\"> </span>souhait\u00e9 <span class=\"_ _4c\"> </span>anticiper <span class=\"_ _66\"> </span>de <span class=\"_ _4c\"> </span>quelques <span class=\"_ _4c\"> </span>mois <span class=\"_ _66\"> </span>l\u2019acquisition d\u00e9finitive <span class=\"_\"> </span>des <span class=\"_\"> </span>actions <span class=\"_\"> </span>attribu\u00e9es <span class=\"_\"> </span>au <span class=\"_\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>ce <span class=\"_\"> </span>plan, <span class=\"_\"> </span>cette <span class=\"_\"> </span>modification devant <span class=\"_ _37\"> </span>permettre <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>attributaires <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>b\u00e9n\u00e9ficier <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de recevoir <span class=\"_ _3b\"></span>ainsi <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>au moment <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>sa mise en \u0153uvre<span class=\"_ _0\"></span>.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>douzi\u00e8me <span class=\"_ _66\"> </span>r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>titre <span class=\"_ _65\"> </span>extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>a approuv\u00e9 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>modification <span class=\"_ _64\"> </span>avec <span class=\"_ _64\"> </span>e\ue61det <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9troactif <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _65\"> </span>g\u00e9n\u00e9rale <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>30\ue61fjuin <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>la possibilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9duire <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>p\u00e9riode <span class=\"_ _46\"> </span>d\u2019acquisition <span class=\"_\"> </span>initiale <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>dur\u00e9e minimale <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>seize <span class=\"_ _3b\"></span>mois, <span class=\"_ _3\"></span>autorisant <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>amendements <span class=\"_ _3b\"></span>n\u00e9cessaires <span class=\"_ _3b\"></span>aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9mettre <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _37\"> </span>2\ue61f800\ue61f276 <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _64\"> </span>du <span class=\"_ _65\"> </span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>ay<span class=\"_ _0\"></span>ant <span class=\"_ _65\"> </span>satisfait <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>pr\u00e9sence ininterrompue au sein du Groupe pendant la dur<span class=\"_ _0\"></span>\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plans d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (<span class=\"_ _0\"></span>ASP 2020)F<span class=\"_ _0\"></span>aisant <span class=\"_ _3\"></span>usage <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019autorisation donn\u00e9e <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin 2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>recommandation <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _1\"></span>administration a approuv\u00e9 le 15\ue61favril 2021 la mise en \u0153uvre du Plan 2020 d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (ASP) au profit du Directeur g\u00e9n\u00e9ral et d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>cadres dirigeants \u00e9ligibles <span class=\"_ _3\"></span>(membres du <span class=\"_ _64\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif<span class=\"_ _3\"></span>) <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>attribu\u00e9 <span class=\"_ _60\"> </span>1\ue61f744\ue61f416 <span class=\"_ _60\"> </span>Actions <span class=\"_ _64\"> </span>Additionnelles <span class=\"_ _60\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _65\"> </span>respectivement <span class=\"_ _65\"> </span>1\ue61f365\ue61f533 <span class=\"_ _65\"> </span>(dont <span class=\"_ _65\"> </span>1\ue61f027\ue61f398 <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>ofit <span class=\"_ _65\"> </span>du Dir<span class=\"_ _0\"></span>ecteur g\u00e9n\u00e9ral) le 15\ue61favril 2021 et 378\ue61f883 le 23\ue61favril 2021.Ces <span class=\"_ _3\"></span>plans, <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>ans, <span class=\"_ _3\"></span>conf\u00e8rent <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits conditionnels \u00e0 recevoir des Actions Additionnelles de P<span class=\"_ _1\"></span>erformance.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>octroi de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>Actions Additionnelles <span class=\"_ _3\"></span>de Performance est <span class=\"_ _3\"></span>conditionn\u00e9 \u00e0 <span class=\"_ _3\"></span>la r\u00e9alisation <span class=\"_ _44\"> </span>pr\u00e9alable <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>chaque <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_ _44\"> </span>\u00e9ligible <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>investissement personnel <span class=\"_ _3\"></span>significatif <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actions <span class=\"_ _3\"></span>ordinaires <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Soci\u00e9t\u00e9, <span class=\"_ _3\"></span>investissement <span class=\"_ _3\"></span>en consid\u00e9ration <span class=\"_ _3\"></span>duquel <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaire <span class=\"_ _3b\"></span>peut <span class=\"_ _3b\"></span>se <span class=\"_ _3b\"></span>voir <span class=\"_ _3\"></span>attribuer <span class=\"_ _3b\"></span>gratuitement, <span class=\"_ _3b\"></span>\u00e0 la <span class=\"_\"> </span>discr\u00e9tion <span class=\"_\"> </span>du <span class=\"_\"> </span>Conseil, <span class=\"_\"> </span>des <span class=\"_\"> </span>Actions <span class=\"_\"> </span>Additionnelles <span class=\"_\"> </span>de <span class=\"_\"> </span>P<span class=\"_ _0\"></span>erformance <span class=\"_\"> </span>\u00e0 hauteur <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>montant <span class=\"_ _3b\"></span>repr\u00e9sentant <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>maximum <span class=\"_ _37\"></span>3 <span class=\"_ _3b\"></span>fois <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _37\"></span>investi en actions V<span class=\"_ _1\"></span>antiva par ledit b\u00e9n\u00e9ficiair<span class=\"_ _0\"></span>e.La <span class=\"_ _37\"> </span>livraison <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>Actions <span class=\"_ _37\"> </span>Additionnelles <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>Performance<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>du Plan, est par ailleurs subordonn\u00e9e \u00e0\ue61f:\u2022la satisfaction d\u2019une <span class=\"_ _3\"></span>condition de <span class=\"_ _3\"></span>pr\u00e9sence ininterrompue pendant <span class=\"_ _3\"></span>toute la dur\u00e9e du plan jusqu\u2019<span class=\"_ _0\"></span>en avril\ue61f2023\ue61f; et\u2022\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>r\u00e9alisation <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _64\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>performance <span class=\"_ _64\"> </span>interne <span class=\"_ _60\"> </span>assise <span class=\"_ _64\"> </span>sur l\u2019<span class=\"_ _0\"></span>atteinte <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _3\"></span>d\u2019EBIT<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>cumul\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>d\u2019une condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>performance externe <span class=\"_ _3b\"></span>assise <span class=\"_ _37\"> </span>sur <span class=\"_ _37\"> </span>un <span class=\"_ _37\"> </span>objectif <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>rendement <span class=\"_ _37\"></span>total <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actionnaires jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin de 2022.De <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">la <span class=\"_ _3\"></span>m\u00eame <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a </span>souhait\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>contexte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>anticiper <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _44\"> </span>d\u00e9finitive <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>additionnelles <span class=\"_ _44\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>au <span class=\"_ _44\"> </span>titre <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ce plan, et permettre ainsi aux attributaires de participer \u00e0 l\u2019<span class=\"_ _1\"></span>op\u00e9ration.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>treizi\u00e8me r\u00e9solution adopt\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>titre extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>a approuv\u00e9 la <span class=\"_ _3\"></span>modification <span class=\"_ _3b\"></span>avec <span class=\"_ _3\"></span>e\ue61det <span class=\"_ _3b\"></span>r\u00e9tro<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution <span class=\"_ _3\"></span>adopt\u00e9e par l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du 30\ue61fjuin <span class=\"_ _3\"></span>2020 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9duire ainsi <span class=\"_ _3\"></span>la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>initiale \u00e0 une <span class=\"_ _3\"></span>dur\u00e9e minimale de <span class=\"_ _3\"></span>seize mois, autorisant ainsi les amendements n\u00e9cessaires aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019\u00e9mettr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _44\"> </span>1\ue61f215\ue61f858 <span class=\"_\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"> </span>incitatif <span class=\"_ _37\"></span>d\u2019investissement <span class=\"_ _3b\"></span>ASP <span class=\"_ _37\"></span>2020 <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>satisfait <span class=\"_ _37\"></span>la condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>ininterrompue <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>pendant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2022 (L<span class=\"_ _f\"></span>TIP 2022)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _6f\"> </span>g\u00e9n\u00e9rale <span class=\"_ _4c\"> </span>du <span class=\"_ _6f\"> </span>6\ue61fseptembre <span class=\"_ _6f\"> </span>2022, <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>sa <span class=\"_ _6f\"> </span>quatorzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>autoris\u00e9 <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>attribution d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _66\"> </span>existantes <span class=\"_ _4c\"> </span>ou <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _4c\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>au <span class=\"_ _66\"> </span>profit <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _66\"> </span>qu\u2019il d\u00e9terminera <span class=\"_ _3\"></span>parmi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>et/ou <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ou des <span class=\"_\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>groupements <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>lui <span class=\"_\"> </span>sont <span class=\"_\"> </span>li\u00e9s. <span class=\"_ _44\"> </span>Cette <span class=\"_\"> </span>autorisation <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>36 <span class=\"_ _44\"> </span>mois <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>valable <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _44\"> </span>6\ue61fseptembre 2025. Les droits \u00e0 attribuer en vertu de <span class=\"_ _3\"></span>la pr\u00e9sente autorisation ne pourront donner droit \u00e0 <span class=\"_ _3\"></span>un nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>sup\u00e9rieur \u00e0 <span class=\"_ _3\"></span>3\ue61f% du capital <span class=\"_ _3\"></span>social tel que constat\u00e9 \u00e0 la date \u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _44\"> </span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _44\"> </span>attribu\u00e9 gratuitement <span class=\"_ _44\"> </span>2\ue61f665\ue61f074 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>gratuites <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>profit <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Directeur g\u00e9n\u00e9ral.Ce <span class=\"_\"> </span><span class=\"ls0 ws0\">plan <span class=\"_\"> </span>triennal <span class=\"_\"> </span>conf\u00e8re <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>conditionnels <span class=\"_ _47\"> </span>de</span>\ue61frecevoir des Actions de P<span class=\"_ _0\"></span>erformance, dont la livraison est subor<span class=\"_ _0\"></span>donn\u00e9e \u00e0 la satisfaction <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _37\"> </span>condition <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _37\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Plan (soit <span class=\"_ _44\"> </span>jusqu\u2019au <span class=\"_ _44\"> </span>21\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2025) <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9alisation <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>conditions <span class=\"_\"> </span>de performance <span class=\"_ _3\"></span>conditionnant <span class=\"_ _3b\"></span>chacune <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>partie <span class=\"_ _3\"></span>l\u2019acquisition <span class=\"_ _3\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des actions\ue61f: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>financier assis <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>OCF <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre des exercices 2023, 2024 <span class=\"_ _3\"></span>et 2025 <span class=\"_ _3\"></span>(conditionnant l\u2019acquisition d\u00e9finitive de <span class=\"_ _3\"></span>40\ue61f% des droits), <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>un objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour les <span class=\"_ _3\"></span>actionnaires (\u00ab\ue61fTSR \u00ab\ue61f) <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>atteindre <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019issue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>exercices <span class=\"_ _37\"> </span>se <span class=\"_ _47\"> </span>terminant <span class=\"_ _37\"> </span>fin 2025 <span class=\"_ _60\"> </span>(pesant <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>40\ue61f%), <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>(iii) <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>objectif <span class=\"_ _64\"> </span>RSE <span class=\"_ _60\"> </span>bas\u00e9 <span class=\"_ _60\"> </span>sur <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>trois prochaines notations annuelles qui <span class=\"_ _3\"></span>seront allou\u00e9es \u00e0 V<span class=\"_ _1\"></span>antiva par Ecov<span class=\"_ _0\"></span>adis <span class=\"_ _3\"></span>\u00e0 compter de 2023 (pesant pour 20\ue61f%).Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>31\ue61fjanvier <span class=\"_ _37\"> </span>2023 <span class=\"_ _44\"> </span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _37\"> </span>de 7\ue61f995\ue61f223 <span class=\"_ _47\"> </span>actions <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>membres <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb2e\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _37\"></span>commen\u00e7ant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution, <span class=\"_ _37\"> </span>doit <span class=\"_ _37\"> </span>prendre fin \u00e9galement \u00e0 son troisi\u00e8me anniversaire (soit le 31\ue61fjanvier 2026).Le <span class=\"ls0 ws0\">d\u00e9tail de ces plans de <span class=\"ffb2f\">stock</span></span>\u2011options<span class=\"ffb2d\"> et d\u2019<span class=\"_ _0\"></span>actions est pr\u00e9sent\u00e9 ci<span class=\"ffb2e\">\u2011</span>dessous\ue61f:</span>Nombre d\u2019instruments Nombre Nombre de D<span class=\"_ _0\"></span>ate Dur\u00e9e de vie Prix d\u2019<span class=\"_ _0\"></span>exercice / initialement d\u2019instruments b\u00e9n\u00e9\ue75cciaires d\u2019<span class=\"_ _0\"></span>acquisition de V<span class=\"_ _1\"></span>aleur de Juste valeur (1)<span class=\"_ _d1\"> </span>(1)\ue61fT<span class=\"_ _f\"></span>ype de plan<span class=\"_ _35\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>octroiaccord\u00e9srestantsinitialdes droitsl\u2019instrumentl\u2019<span class=\"_ _0\"></span>action\ue662estim\u00e9e\ue662MIP Juin\ue6622017 Options\ue662*<span class=\"_ _1a\"> </span><span class=\"ffb2d\">Options de </span>26\ue61fjuin 2015<span class=\"_ _b\"> </span>9\ue61f260<span class=\"_ _c1\"> </span>7\ue61f563<span class=\"_ _26\"> </span>2<span class=\"_ _aa\"> </span>J<span class=\"_ _0\"></span>uin\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>60,54\ue61feuros<span class=\"_ _c7\"> </span>19<span class=\"_ _0\"></span>,67\ue61feurossouscription(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)MIP Octobre\ue6622017 Options de 3\ue61fd\u00e9cembre 63\ue61f334<span class=\"_ _96\"> </span>23\ue61f800<span class=\"_ _e\"> </span>22<span class=\"_ _89\"> </span>Octobr<span class=\"_ _0\"></span>e\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>73,21\ue61feuros<span class=\"_ _bd\"> </span>23,37\ue61feurosOptions\ue662*souscription2015(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)L<span class=\"_ _1\"></span>TIP 2022\ue662**<span class=\"_ _4e\"> </span><span class=\"ffb2d\">Actions de </span>21\ue61fd\u00e9cembre 2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _4d\"> </span>2\ue61f665\ue61f074<span class=\"_ _10d\"> </span>1<span class=\"_ _58\"> </span>D\u00e9cembre\ue61f2025<span class=\"_ _354\"></span>3 ans<span class=\"_ _2f\"> </span>0,19\ue61feur<span class=\"_ _0\"></span>o<span class=\"_ _81\"> </span>0,14\ue61feuroperformance2022* Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bb (voir la des<span class=\"_ _0\"></span>cription ci\u2011avant.** Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fLong\u2011T<span class=\"_ _f\"></span>erm Incentive Plan (L<span class=\"_ _1\"></span>TIP)\ue61f\u00bb (voir la descrip<span class=\"_ _0\"></span>tion ci\u2011avant).(1 ) Les prix d\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>, la juste valeur <span class=\"ls65 ws65\">et </span>le nombre des options e<span class=\"_ _0\"></span>xistantes ont <span class=\"lsbb wsbb\">\u00e9t\u00e9 </span>modifi\u00e9s suite \u00e0 l\u2019augmentation <span class=\"_ _0\"></span>de capital de 2015, au regroupement d\u2019<span class=\"_ _0\"></span>actions de 2020 <span class=\"ls65 ws65\">et </span>\u00e0 la Distribution de <span class=\"lsbd wsbd\">TC<span class=\"_ _3\"></span>S </span>en 2022. <span class=\"lsbb wsbb\">Le </span>prix d\u2019<span class=\"_ _0\"></span>exercice concerne les MIP <span class=\"ls65 ws65\">et </span>la v<span class=\"_ _0\"></span>aleur de l\u2019action fait r<span class=\"_ _0\"></span>\u00e9f\u00e9rence, pour les L<span class=\"_ _1\"></span>TIP<span class=\"_ _1\"></span>, \u00e0 la valeur de l\u2019<span class=\"_ _0\"></span>action \u00e0 la date d\u2019<span class=\"_ _0\"></span>attribution.9<span class=\"_ _1\"></span>.3.<span class=\"_ _3\"></span>2<span class=\"_ _c0\"> </span>V<span class=\"_ _23\"></span>ariations des options en circulation et des actions gratuitesLe <span class=\"ls0 ws0\">nombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites restantes ainsi que leur prix moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>exercice ont connu les variations suivantes en 2022 et 2021\ue61f:</span>Prix d\u2019<span class=\"_ _0\"></span>exercice moyen pond\u00e9r\u00e9 <span class=\"ffb36 fs5d\">(en\ue61feur<span class=\"_ _0\"></span>os)<span class=\"ffb37 fs5b\"> /</span></span>\ue61fNombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites\ue662V<span class=\"_ _1\"></span>aleur d\u2019<span class=\"_ _0\"></span>action<span class=\"_ _6b\"> </span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662Nombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2020<span class=\"_ _355\"> </span>3\ue662204\ue662907<span class=\"_ _34d\"> </span><span class=\"ffb36\">11,23</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _120\"> </span>261\ue61f568<span class=\"_ _304\"> </span>114,<span class=\"_ _3\"></span>24<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f(1)Attribu\u00e9es\ue61f<span class=\"_ _255\"> </span>3\ue61f149\ue61f437<span class=\"_ _356\"> </span>1,72<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _346\"> </span>(9\ue61f800)<span class=\"_ _2b6\"> </span>34,40<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _357\"> </span>(468\ue61f157)<span class=\"_ _295\"> </span>40,80<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2021<span class=\"_ _141\"> </span>5\ue662876\ue662387<span class=\"_ _200\"> </span><span class=\"ffb36\">3,7<span class=\"_ _0\"></span>4</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _166\"> </span>76\ue61f368<span class=\"_ _d4\"> </span>152,<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fAttribu\u00e9es\ue61f*<span class=\"_ _11a\"> </span>2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _358\"> </span>0,<span class=\"_ _0\"></span>19<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _13e\"> </span>(4\ue61f094\ue61f771)<span class=\"_ _1e2\"> </span>2,60<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _293\"> </span>(1\ue61f750\ue61f253)<span class=\"_ _359\"> </span><span class=\"ls52 ws52\">5,2<span class=\"_ _3\"></span>2<span class=\"_ _6b\"> </span></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2022<span class=\"_ _340\"> </span>2\ue662696\ue662437<span class=\"_ _359\"> </span><span class=\"ffb36\">1,00</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 7<span class=\"_ _1\"></span>4)Dont e<span class=\"_ _0\"></span>xer\u00e7able<span class=\"_ _271\"> </span>31\ue61f363<span class=\"_ _35a\"> </span>70,<span class=\"_ _0\"></span>15<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f* Li\u00e9s au Plans d'int\u00e9ressement \u00e0 L<span class=\"_ _0\"></span>ong T<span class=\"_ _f\"></span>erme (L<span class=\"_ _1\"></span>TIP) 2022, 2021 <span class=\"ls5e ws5e\">et </span>2020 <span class=\"ls5e ws5e\">et </span>ASP 2020.<span class=\"_ _2eb\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f\ue61fPrincipales hypoth\u00e8ses utilis\u00e9esL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>estimation des justes valeurs des <span class=\"ffb3f\">stock</span>\u2011options<span class=\"ffb3e\"> octroy\u00e9es a \u00e9t\u00e9 r\u00e9alis\u00e9e en utilisant le mod\u00e8le Black&amp;Scholes de v<span class=\"_ _0\"></span>alorisation d\u2019options<span class=\"_ _0\"></span>. Les donn\u00e9es utilis\u00e9es </span>dans les mod\u00e8les sont les suivantes\ue61f:Plans de <span class=\"ffb42\">stock</span>\u2011options<span class=\"ffb43\"> octroy\u00e9s en\ue662**</span>(en % et en\ue61feuros)D\u00e9cembre\ue6622015<span class=\"_ _18e\"> </span>Juin\ue6622015Prix moyen pond\u00e9r\u00e9 de l\u2019<span class=\"_ _1\"></span>action \u00e0 la date d\u2019\u00e9v<span class=\"_ _0\"></span>aluation<span class=\"_ _357\"> </span>72,59<span class=\"_ _7\"> </span>63,<span class=\"_ _0\"></span>11Prix moyen d\u2019<span class=\"_ _0\"></span>exercice pond\u00e9r<span class=\"_ _0\"></span>\u00e9<span class=\"_ _35b\"> </span>73,21<span class=\"_ _f8\"> </span>60,54V<span class=\"_ _f\"></span>olatilit\u00e9 attendue<span class=\"_ _35c\"> </span>40\ue61f%<span class=\"_ _228\"> </span>40\ue61f%Dur\u00e9e de vie estim\u00e9e\ue61f*<span class=\"_ _233\"> </span>5 ans<span class=\"_ _228\"> </span>5 ansT<span class=\"_ _23\"></span>aux sans risque<span class=\"_ _35d\"> </span>0,<span class=\"_ _0\"></span>12\ue61f%<span class=\"_ _15e\"> </span>0,17\ue61f%Ratio de dividende attendu<span class=\"_ _322\"> </span>0,70\ue61f%<span class=\"_ _fe\"> </span>0,8\ue61f%Juste valeur \u00e0 la date d\u2019<span class=\"_ _1\"></span>estimation<span class=\"_ _11c\"> </span>23,37<span class=\"_ _228\"> </span>19,66* La dur\u00e9e de vie estim\u00e9e est plus courte que la dur<span class=\"_ _0\"></span>\u00e9e de vie contractuelle de l\u2019op<span class=\"_ _0\"></span>tion car elle repr\u00e9sente la p\u00e9riode estim\u00e9e \u00e0 compter de la dat<span class=\"_ _0\"></span>e d\u2019attribution \u00e0 la date pr<span class=\"_ _0\"></span>obable d\u2019e<span class=\"_ _0\"></span>xercice.** Les prix ainsi que la juste valeur ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>ajust\u00e9s pour t<span class=\"_ _0\"></span>enir compte du regroupement de 2020 <span class=\"ls5e ws5e\">et </span>de la Distribution de <span class=\"ls99 ws99\">TCS<span class=\"_ _3\"></span> </span>en 2022.\ue61fLes facteurs consid\u00e9r\u00e9s pour estimer la <span class=\"_ _3\"></span>volatilit\u00e9 attendue pour les plans <span class=\"_ _3\"></span>de stock\u2011options<span class=\"ffb3e\"> ayant une maturit\u00e9 \u00e0 long terme incluent\ue61f:</span>\u2022la <span class=\"_ _65\"> </span>volatilit\u00e9 <span class=\"_ _65\"> </span>historique <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>actions <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>p\u00e9riode <span class=\"_ _65\"> </span>longue disponible\ue61f;\u2022les <span class=\"_ _28\"> </span>ajustements <span class=\"_ _62\"> </span>de <span class=\"_ _62\"> </span>cette <span class=\"_ _62\"> </span>volatilit\u00e9 <span class=\"_ _28\"> </span>historique <span class=\"_ _62\"> </span>en <span class=\"_ _62\"> </span>fonction <span class=\"_ _28\"> </span>des changements intervenus dans le profil d\u2019<span class=\"_ _0\"></span>activit\u00e9 V<span class=\"_ _1\"></span>antiva.\ue61fP<span class=\"_ _0\"></span>our les plans \u00e0 maturit\u00e9 plus courte, la volatilit\u00e9 attendue a \u00e9t\u00e9 d\u00e9termin\u00e9e sur la <span class=\"_ _3\"></span>base de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>volatilit\u00e9 implicite <span class=\"_ _3\"></span>des actions <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva observable <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>date de d\u00e9but du plan.9<span class=\"_ _1\"></span>.3.3Charges de l\u2019<span class=\"_ _1\"></span>exercice r<span class=\"_ _0\"></span>elatives aux plans de\ue61f\u00ab\ue61fstock<span class=\"ffb40\">\u2011</span>options\ue61f\u00bbLes r\u00e9mun\u00e9rations <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des ser<span class=\"_ _3\"></span>vices <span class=\"_ _3\"></span>re\u00e7us sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode correspondent <span class=\"_ _44\"> </span>respectivement <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>charge <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>7\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>(dont 4\ue61fmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>livraison <span class=\"_ _3b\"></span>anticip\u00e9e <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>plans) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>charge <span class=\"_ _37\"> </span>de 3\ue61fmillions <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _62\"> </span>respectivement <span class=\"_ _28\"> </span>au <span class=\"_ _62\"> </span>titre <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>exercices <span class=\"_ _62\"> </span>clos <span class=\"_ _62\"> </span>les 31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021. <span class=\"_ _37\"></span>La <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _37\"></span>charge <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>produit <span class=\"_ _3b\"></span>a \u00e9t\u00e9 cr\u00e9dit\u00e9e en capitaux propr<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _47\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>solde <span class=\"_\"> </span>des <span class=\"_\"> </span>plans <span class=\"_\"> </span>expir\u00e9s <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levant <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>12\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _66\"> </span>transf\u00e9r\u00e9 <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>r\u00e9serves <span class=\"_ _65\"> </span>consolid\u00e9es <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>application <span class=\"_ _65\"> </span>des dispositions d\u2019IFRS\ue61f2.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-212-4": {
   "value": "9.<span class=\"_ _3b\"></span>2<span class=\"_ _93\"> </span><span class=\"ls0 ws0\">Provisions pour r<span class=\"_ _0\"></span>etraites et avantages assimil\u00e9s</span>A<span class=\"_ _0\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploiIl <span class=\"_ _44\"> </span>existe <span class=\"_\"> </span>dans <span class=\"_ _44\"></span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>di\ue61f\u00e9rents <span class=\"_ _44\"> </span>r\u00e9gimes <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>etraite <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>de certains <span class=\"_ _3\"></span>salari\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>vers\u00e9es <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>contributions d\u00e9finies, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire \u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>plans de <span class=\"_ _3\"></span>retraite dans <span class=\"_ _3\"></span>lesquels <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"ls4e ws4e\">paye </span>des contributions <span class=\"_ _3\"></span>fixes et n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>plus aucune <span class=\"_ _3\"></span>obligation juridique <span class=\"_ _3\"></span>ou implicite de <span class=\"_ _3\"></span>payer des <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>compl\u00e9mentaires (par <span class=\"_ _3\"></span>exemple, si <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>ne d\u00e9tient <span class=\"_\"> </span>pas <span class=\"_\"> </span>su\ue61dsamment <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_\"> </span>pour <span class=\"_\"> </span>payer <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>tous <span class=\"_\"> </span>les <span class=\"_\"> </span>employ\u00e9s <span class=\"_\"> </span>les avantages <span class=\"_ _46\"> </span>acquis <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>cours <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>exercices <span class=\"_ _46\"> </span>pass\u00e9s <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>en<span class=\"ffae5\">\u2011</span>cours) <span class=\"_ _61\"> </span>- <span class=\"_ _61\"> </span>sont enregistr\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>charges <span class=\"_\"> </span>quand <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>salari\u00e9s <span class=\"_\"> </span>ont <span class=\"_\"> </span>rendu <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_\"> </span>leur ouvrant droit \u00e0 ces contributions<span class=\"_ _0\"></span>.Les <span class=\"_ _64\"> </span>autres <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9gimes <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>retraite <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>analys\u00e9s <span class=\"_ _64\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>plans <span class=\"_ _64\"> </span>\u00e0 prestations <span class=\"_ _44\"></span>d\u00e9finies <span class=\"_ _44\"> </span>(c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>plans <span class=\"_ _47\"> </span>de <span class=\"_ _44\"></span>retr<span class=\"_ _0\"></span>aite <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"></span>pr\u00e9voient <span class=\"_ _37\"></span>un montant <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>prestation <span class=\"_ _65\"> </span>qu\u2019un <span class=\"_ _65\"> </span>employ\u00e9 <span class=\"_ _64\"> </span>recevra <span class=\"_ _65\"> </span>lors <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>retraite<span class=\"_ _0\"></span>, g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>bas\u00e9 <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3\"></span>facteurs <span class=\"_ _3\"></span>tels <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>ann\u00e9es d\u2019<span class=\"_ _0\"></span>anciennet\u00e9 <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>salaire) et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9s au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>d\u2019une \u00e9valuation actuarielle des engagements \u00e0 la date de cl\u00f4ture<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _37\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _37\"></span>retenue <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>fond\u00e9e <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>m\u00e9thode <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>unit\u00e9s de <span class=\"_ _37\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>projet\u00e9es. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>actualis\u00e9e <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>obligations <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est d\u00e9termin\u00e9e <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>hauteur <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>acquis <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>salari\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>date d\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>application <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formule <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>d\u00e9finie pour <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>r\u00e9gime. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>des actuaires <span class=\"_ _46\"> </span>ind\u00e9pendants <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>fonction <span class=\"_ _61\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _61\"> </span>d\u00e9mographiques <span class=\"_ _46\"> </span>et financi\u00e8res telles <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>mortalit\u00e9, la rotation <span class=\"_ _3\"></span>du personnel, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution des salaires et les taux d\u2019<span class=\"_ _0\"></span>actualisation.La <span class=\"_ _44\"> </span>r\u00e9\u00e9valuation, <span class=\"_ _37\"></span>qui <span class=\"_ _47\"> </span>comprend <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>gains <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>pertes <span class=\"_ _44\"></span>actuariels, <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61fet\ue61cdes modifications <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plafonnement <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(si <span class=\"_ _3b\"></span>applicable) <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>rendement des <span class=\"_ _37\"></span>actifs <span class=\"_ _37\"></span>(hors <span class=\"_ _37\"></span>int\u00e9r\u00eats), <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>imm\u00e9diatement <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>bilan <span class=\"_ _37\"></span>en contrepartie <span class=\"_\"> </span>d\u2019une <span class=\"_\"> </span>imputation <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>\u00ab\ue61cAutres <span class=\"_\"> </span>\u00e9l\u00e9ments <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>r\u00e9sultat global\ue61c\u00bb <span class=\"_\"> </span>au <span class=\"_\"> </span>sein <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019\u00c9tat <span class=\"_\"> </span>du <span class=\"_\"> </span>R\u00e9sultat <span class=\"_\"> </span>Global <span class=\"_\"> </span>(ERG). <span class=\"_\"> </span>La <span class=\"_\"> </span>r\u00e9\u00e9valuation reconnue <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>ERG <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>re\ufb02\u00e9t\u00e9e <span class=\"_ _66\"> </span>imm\u00e9diatement <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>r\u00e9serves consolid\u00e9es et ne sera pas reclass\u00e9e en r<span class=\"_ _0\"></span>\u00e9sultat.Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>avantages <span class=\"_ _3b\"></span>assimil\u00e9s <span class=\"_ _3\"></span>sont class\u00e9s comme suit\ue61c:\u2022co\u00fbts <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>services <span class=\"_ _44\"> </span>(incluant <span class=\"_\"> </span>le <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _44\"> </span>rendus <span class=\"_ _44\"> </span>courants <span class=\"_ _44\"> </span>et pass\u00e9s <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>modification <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>de liquidation de r\u00e9gimes) \u00e0 comptabiliser en r\u00e9sultat\ue61c;\u2022charges <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _60\"> </span>nette <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>produit <span class=\"_ _60\"> </span>financier <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>comptabiliser <span class=\"_ _61\"> </span>en r\u00e9sultat financier (note 8.5).Les co\u00fbts des ser<span class=\"_ _3\"></span>vices pass\u00e9s sont <span class=\"_ _3\"></span>comptabilis\u00e9s en charges sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice o\u00f9 a lieu la modification de r\u00e9gimes<span class=\"_ _0\"></span>.Le <span class=\"_ _46\"> </span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _61\"> </span>financier <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>calcul\u00e9 <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>appliquant <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>taux <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _46\"> </span>au </span>d\u00e9but <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>de couverture<span class=\"_ _0\"></span>.La <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>retraite <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>avantages <span class=\"_ _65\"> </span>assimil\u00e9s <span class=\"_ _65\"> </span>inscrite <span class=\"_ _64\"> </span>au <span class=\"_ _65\"> </span>bilan repr\u00e9sente le d\u00e9ficit ou l\u2019<span class=\"_ _0\"></span>exc\u00e9dent entre la v<span class=\"_ _0\"></span>aleur actualis\u00e9e de l\u2019obligation au <span class=\"_ _37\"></span>titre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>prestations <span class=\"_ _37\"></span>d\u00e9finies <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>r\u00e9gime. T<span class=\"_ _23\"></span>out <span class=\"_ _3\"></span>exc\u00e9dent provenant de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>calcul est <span class=\"_ _3\"></span>plafonn\u00e9 <span class=\"_ _3\"></span>\u00e0 hauteur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur actualis\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>disponibles <span class=\"_ _37\"></span>sous <span class=\"_ _3b\"></span>forme <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>restitution <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>plan ou de r\u00e9duction des contributions futures \u00e0 verser au plan.Autres avantages au personnel \u00e0 long termeDes <span class=\"_ _3\"></span>indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cessation <span class=\"_ _3b\"></span>d\u2019emploi <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es\ue61cau <span class=\"_ _3b\"></span>passif <span class=\"_ _3b\"></span>d\u00e8s que l\u2019<span class=\"_ _0\"></span>entit\u00e9 <span class=\"_ _3\"></span>ne peut plus <span class=\"_ _3\"></span>retirer d\u2019<span class=\"_ _0\"></span>o\ue61fre d\u2019indemnit\u00e9s de <span class=\"_ _3\"></span>cessation d\u2019<span class=\"_ _0\"></span>emploi ou <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019entit\u00e9 <span class=\"_ _3\"></span>reconnait <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>engagements au <span class=\"_ _3\"></span>titre des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>(par <span class=\"_ _3\"></span>exemple les <span class=\"_ _3\"></span>m\u00e9dailles <span class=\"_ _3\"></span>du travail) sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>\u00e9valu\u00e9s sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>m\u00e9thodes <span class=\"_ _3\"></span>actuarielles. Les \u00e9carts <span class=\"_ _6\"> </span>actuariels <span class=\"_ _1a\"> </span>sur <span class=\"_ _6\"> </span>ces <span class=\"_ _1a\"> </span>engagements <span class=\"_ _6\"> </span>sont <span class=\"_ _1a\"> </span>comptabilis\u00e9s imm\u00e9diatement en r\u00e9sultat.Les <span class=\"_ _44\"> </span>engagements <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>avantages <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas pr\u00e9sent\u00e9s <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _61\"> </span>provision <span class=\"_ _61\"> </span>pour <span class=\"_ _60\"> </span>retraites <span class=\"_ _61\"> </span>mais <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la provision pour restructur<span class=\"_ _0\"></span>ation ou des autres dettes.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _64\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _64\"> </span>et avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>charges <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pendante <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>hypoth\u00e8ses utilis\u00e9es <span class=\"_\"> </span>par <span class=\"_\"> </span>les <span class=\"_\"> </span>actuaires <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>valeurs <span class=\"_\"> </span>actuarielles <span class=\"_\"> </span>des obligations. <span class=\"_ _6b\"> </span>Ces <span class=\"_ _6c\"> </span>hypoth\u00e8ses <span class=\"_ _6c\"> </span>incluent <span class=\"_ _6b\"> </span>parmi <span class=\"_ _6c\"> </span>d\u2019<span class=\"_ _0\"></span>autres, <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>taux <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _65\"> </span>annuelle <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>prestations futures<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>retenues <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span>calcul <span class=\"_\"> </span>des <span class=\"_\"> </span>engagements <span class=\"_\"> </span>de retraites <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>avantages <span class=\"_ _60\"> </span>assimil\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _64\"> </span>d\u00e9termin\u00e9es <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>se <span class=\"_ _64\"> </span>basant <span class=\"_ _60\"> </span>sur l\u2019<span class=\"_ _0\"></span>exp\u00e9rience du Groupe et sur des donn\u00e9es externes.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>actuariels <span class=\"_ _3b\"></span>tels <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>taux </span>d\u2019int\u00e9r\u00eat, le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>d\u2019investissement et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque de <span class=\"_ _3\"></span>long\u00e9vit\u00e9. La <span class=\"_ _3\"></span>provision pour <span class=\"_ _3b\"></span>retraites <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _37\"></span>assimil\u00e9s <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u00e9termin\u00e9 par <span class=\"_ _44\"> </span>r\u00e9f\u00e9rence <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>rendement, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>obligations \u00e9mises <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>entreprises <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>premier <span class=\"_ _3b\"></span>rang. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>sont soumis \u00e0 des variations qui ont comme e\ue61fet la baisse/hausse des cours et une augmentation de <span class=\"_ _3\"></span>la volatilit\u00e9. La Direction du Groupe estime que <span class=\"_ _3\"></span>les taux <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>ad\u00e9quats. <span class=\"_ _3b\"></span>Cependant <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>di\ue61f\u00e9rences <span class=\"_ _3b\"></span>futures <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>les hypoth\u00e8ses retenues <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>les valeurs <span class=\"_ _3\"></span>futures observ\u00e9es <span class=\"_ _3\"></span>peuvent a\ue61fecter <span class=\"_ _3\"></span>de mani\u00e8re <span class=\"_ _3\"></span>significative <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3b\"></span>de retraites <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>avantages <span class=\"_ _3b\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>a\ue61f\u00e9rentes <span class=\"_ _3\"></span>\u00e0 ces engagements.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.1<span class=\"_ _70\"> </span><span class=\"ls0 ws0\">Synth\u00e8se des provisions et descriptif des r<span class=\"_ _0\"></span>\u00e9gimes</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffaee fc1\">2021</span>erAu 1<span class=\"_ _6f\"> </span><span class=\"ffaef\">\ue662janvier<span class=\"_ _269\"> </span></span>291<span class=\"_ _5c\"> </span>350<span class=\"_ _9a\"> </span>5<span class=\"_ _9e\"> </span>5<span class=\"_ _c8\"> </span>295<span class=\"_ _ae\"> </span><span class=\"ls70 ws70\">355</span>Charge nette de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _33f\"> </span>7<span class=\"_ _1a4\"> </span>5<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>7<span class=\"_ _1a4\"> </span>5Reprises exceptionnelles<span class=\"_ _f1\"> </span>(1)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1da\"> </span>(1)<span class=\"_ _7a\"> </span>(2)Prestations et contributions vers\u00e9es<span class=\"_ _342\"> </span>(26)<span class=\"_ _83\"> </span>(26)<span class=\"_ _1da\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _5c\"> </span>(27)<span class=\"_ _83\"> </span>(26)V<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _343\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-P<span class=\"_ _0\"></span>ertes et (gains) actuariels reconnus en ERG<span class=\"_ _344\"> </span>(49)<span class=\"_ _a7\"> </span>(40)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(49)<span class=\"_ _a7\"> </span>(40)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres<span class=\"_ _345\"> </span>1<span class=\"_ _9e\"> </span>4<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>1<span class=\"_ _9e\"> </span>4Au 31\ue662d\u00e9cembre<span class=\"_ _173\"> </span><span class=\"ffaee\">223<span class=\"_ _c2\"> </span>291<span class=\"_ _9a\"> </span>2<span class=\"_ _9e\"> </span>5<span class=\"_ _ae\"> </span><span class=\"ls53 ws53\">2<span class=\"_ _3\"></span>24<span class=\"_ _c8\"> </span></span>295</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _117\"> </span>33<span class=\"_ _186\"> </span>34<span class=\"_ _17d\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _194\"> </span>33<span class=\"_ _186\"> </span>34Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _343\"> </span>190<span class=\"_ _d1\"> </span>257<span class=\"_ _9a\"> </span>2<span class=\"_ _9a\"> </span>5<span class=\"_ _7a\"> </span>191<span class=\"_ _c2\"> </span>262\ue61f9.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>.1<span class=\"_ _3\"></span>.1<span class=\"_ _c0\"> </span><span class=\"ls0 ws0\">\ue61fR\u00e9gime \u00e0 cotisations d\u00e9finies</span>Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>correspondent <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>pay\u00e9es <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9s <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante. <span class=\"_ _3\"></span>Ces <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>garantissent <span class=\"_ _3\"></span>aux salari\u00e9s un niveau de prestation qui est directement li\u00e9 aux cotisations v<span class=\"_ _0\"></span>ers\u00e9es.Le <span class=\"ls0 ws0\">montant des contributions vers\u00e9es \u00e0 ce titre s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve \u00e0 18\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2022 (9\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021).</span>9<span class=\"_ _0\"></span>.2.<span class=\"_ _0\"></span>1.<span class=\"_ _3\"></span>2<span class=\"_ _c7\"> </span>R\u00e9gime \u00e0 prestations d\u00e9finiesCes <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>concernent <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _3b\"></span>retraite et <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>couverture <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>soins <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>retrait\u00e9s. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>2022, la r\u00e9partition g\u00e9ographique des engagements nets est la suiv<span class=\"_ _0\"></span>ante\ue61f:(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)Allemagne<span class=\"_ _81\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis<span class=\"_ _52\"> </span>Royaume<span class=\"ffaf7\">\u2011</span><span class=\"lsbb wsbb\">Uni<span class=\"_ _8c\"> </span></span>France<span class=\"_ _8c\"> </span>Autres<span class=\"_ _a7\"> </span>T<span class=\"_ _f\"></span>otalV<span class=\"_ _1\"></span>aleur actuelle de l\u2019obligation<span class=\"_ _219\"> </span><span class=\"ls96 ws96\">1<span class=\"_ _3\"></span>74<span class=\"_ _194\"> </span></span>90<span class=\"_ _d7\"> </span>90<span class=\"_ _97\"> </span>6<span class=\"_ _194\"> </span>25<span class=\"_ _16a\"> </span>385Juste valeur des actifs du r\u00e9gime<span class=\"_ _295\"> </span>(0)<span class=\"_ _ae\"> </span>(66)<span class=\"_ _c2\"> </span><span class=\"ls6b ws6b\">(<span class=\"_ _3\"></span>79)<span class=\"_ _1b5\"> </span></span>-<span class=\"_ _d1\"> </span>(15)<span class=\"_ _17c\"> </span>(160)PROVISION POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>AGES ASSIMIL\u00c9S<span class=\"_ _17d\"> </span>173<span class=\"_ _191\"> </span>23<span class=\"_ _185\"> </span>12<span class=\"_ _1a4\"> </span>6<span class=\"_ _194\"> </span>10<span class=\"_ _1e1\"> </span>223Paiements<span class=\"_ _346\"> </span>(16)<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1da\"> </span>(8)<span class=\"_ _17d\"> </span>-<span class=\"_ _1da\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _c2\"> </span>(<span class=\"_ _3\"></span>27)Duration moyenne (en ann\u00e9es)<span class=\"_ _1ed\"> </span>9<span class=\"_ _1a4\"> </span>8<span class=\"_ _193\"> </span>14<span class=\"_ _97\"> </span>8<span class=\"_ _5c\"> </span><span class=\"ls5e ws5e\">N/A<span class=\"_ _5c\"> </span>N/A</span>\ue61fR\u00e9gimes de retr<span class=\"_ _0\"></span>aite et avantages assimil\u00e9sLes principaux r\u00e9gimes de r<span class=\"_ _0\"></span>etraite dans le Groupe sont les suivants\ue61f:\u2022en <span class=\"_ _3b\"></span>Allemagne<span class=\"ffaf5\">, <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficient <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>plusieurs <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>retraite </span>priv\u00e9s <span class=\"_ _37\"></span>consentis <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>entreprise. <span class=\"_ _3b\"></span>Ces <span class=\"_ _37\"></span>r\u00e9gimes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>retraite, <span class=\"_ _3b\"></span>non <span class=\"_ _37\"></span>financ\u00e9s, sont g\u00e9r\u00e9s par V<span class=\"_ _1\"></span>antiva et accordent aux b\u00e9n\u00e9ficiaires principalement des annuit\u00e9s <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>retraite <span class=\"_\"> </span>et <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>pensions <span class=\"_\"> </span>d\u2019invalidit\u00e9. <span class=\"_\"> </span>Les <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>sont d\u00e9termin\u00e9s sur la <span class=\"_ _3\"></span>base de leurs <span class=\"_ _3\"></span>ann\u00e9es de service <span class=\"_ _3\"></span>et de leur <span class=\"_ _3\"></span>salaire en fin de carri\u00e8re<span class=\"_ _0\"></span>. Les r\u00e9gimes de retraite sont ferm\u00e9s aux nouveaux entrants<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est compris entre 60 et 63 ans\ue61f;\u2022aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>\u2011Unis<span class=\"ffaf5\">, <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>employ\u00e9s <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>couverts <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime </span>de retraite <span class=\"_ _3\"></span>\u00e0 prestations <span class=\"_ _3\"></span>d\u00e9finies. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a principalement <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>r\u00e9gimes de <span class=\"_ _37\"></span>retraite <span class=\"_ _44\"></span>\u00e0 <span class=\"_ _37\"></span>prestations <span class=\"_ _44\"></span>d\u00e9finies\ue61f: <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>r\u00e9gime <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>couvre <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>essentiel <span class=\"_ _44\"> </span>des employ\u00e9s <span class=\"_ _65\"> </span>non <span class=\"_ _64\"> </span>syndiqu\u00e9s, <span class=\"_ _65\"> </span>financ\u00e9 <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>un <span class=\"_ _65\"> </span>fonds <span class=\"_ _65\"> </span>g\u00e9r<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>mani\u00e8re ind\u00e9pendante <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>r\u00e9gime <span class=\"_ _3b\"></span>compl\u00e9mentaire <span class=\"_ _3b\"></span>qui <span class=\"_ _3b\"></span>couvre <span class=\"_ _3b\"></span>l\u2019ensemble <span class=\"_ _3\"></span>des dirigeants <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>V<span class=\"_ _1\"></span>antiva, <span class=\"_ _65\"> </span>r\u00e9gime <span class=\"_ _65\"> </span>ferm\u00e9 <span class=\"_ _66\"> </span>aux <span class=\"_ _65\"> </span>nouveaux <span class=\"_ _66\"> </span>entrants<span class=\"_ _0\"></span>. <span class=\"_ _66\"> </span>Les avantages <span class=\"_ _65\"> </span>sont <span class=\"_ _66\"> </span>d\u00e9termin\u00e9s <span class=\"_ _65\"> </span>selon <span class=\"_ _66\"> </span>un <span class=\"_ _65\"> </span>pourcentage <span class=\"_ _65\"> </span>du <span class=\"_ _66\"> </span>salaire <span class=\"_ _65\"> </span>des participants <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>r\u00e9gime, <span class=\"_ _44\"> </span>compl\u00e9t\u00e9 <span class=\"_\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_\"> </span>un <span class=\"_ _44\"> </span>taux <span class=\"_ _44\"> </span>de <span class=\"_ _47\"> </span>rendement <span class=\"_ _44\"> </span>financier minimum garanti sur les droits acquis jusqu\u2019<span class=\"_ _1\"></span>au d\u00e9part en retraite.erDepuis <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>1<span class=\"_ _6f\"> </span>\ue61fjanvier <span class=\"_ _61\"> </span>2010, <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>services <span class=\"_ _61\"> </span>futurs <span class=\"_ _46\"> </span>rendus <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>les <span class=\"_ _61\"> </span>salari\u00e9s am\u00e9ricains <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>donnent <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>droit <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>prestations <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>suite <span class=\"_ _3b\"></span>au <span class=\"_ _3\"></span>gel des <span class=\"_ _37\"></span>plans <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pension <span class=\"_ _44\"></span>d\u00e9cid\u00e9 <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>annonc\u00e9 <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>2009. <span class=\"_ _37\"></span>Les <span class=\"_ _37\"></span>droits <span class=\"_ _44\"></span>cumul\u00e9s restent <span class=\"_ _3\"></span>acquis <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>portent <span class=\"_ _3\"></span>int\u00e9r\u00eat, <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>n\u2019y <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cotisations <span class=\"_ _3\"></span>vers\u00e9es au fonds de pension.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffaf7\">\u2011</span>\u2011Uni<span class=\"ffaf5\">, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva accorde <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>plan <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>\u00e0 </span>prestations <span class=\"_ _3\"></span>d\u00e9finies <span class=\"_ _3\"></span>financ\u00e9 <span class=\"_ _3\"></span><span class=\"ffaf9\">via<span class=\"_ _3b\"></span></span> un <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>g\u00e9r\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3\"></span>ind\u00e9pendante qui b\u00e9n\u00e9ficie des <span class=\"_ _3\"></span>contributions de V<span class=\"_ _1\"></span>antiva et <span class=\"_ _3\"></span>qui verse les prestations <span class=\"_ _3\"></span>de retraite<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Ce </span>r\u00e9gime est ferm\u00e9 aux nouveaux entrants.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge de d\u00e9part \u00e0 la retraite est de 65 ans\ue61f;\u2022en France,<span class=\"_ _3\"></span><span class=\"ffaf5\"> des indemnit\u00e9s <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>telles que <span class=\"_ _3\"></span>pr\u00e9vues par </span>la <span class=\"_ _44\"> </span>convention <span class=\"_ _44\"> </span>collective, <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>payables <span class=\"_ _44\"> </span>aux <span class=\"_ _47\"> </span>employ\u00e9s <span class=\"_ _44\"> </span>s\u2019ils <span class=\"_ _44\"> </span>font <span class=\"_ _44\"> </span>encore partie <span class=\"_ _64\"> </span>du <span class=\"_ _60\"> </span>Groupe <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _60\"> </span>cette <span class=\"_ _64\"> </span>date. <span class=\"_ _60\"> </span>Ces <span class=\"_ _64\"> </span>indemnit\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _60\"> </span>\u00e9valu\u00e9es <span class=\"_ _64\"> </span>et provisionn\u00e9es <span class=\"_ _61\"> </span>sur <span class=\"_ _64\"> </span>la <span class=\"_ _61\"> </span>base <span class=\"_ _60\"> </span>du <span class=\"_ _64\"> </span>salaire <span class=\"_ _61\"> </span>estim\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019anciennet\u00e9 <span class=\"_ _61\"> </span>des employ\u00e9s \u00e0 la date de leur d\u00e9part.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e2ge <span class=\"_ _3\"></span>de d\u00e9part <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>retraite est de <span class=\"_ _3\"></span>62 ans <span class=\"_ _3\"></span>mais <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge moyen <span class=\"_ _3\"></span>de la <span class=\"_ _3\"></span>retraite observ\u00e9 est de 64 ans\ue61f;\u2022dans <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>autres <span class=\"_ _60\"> </span>pays<span class=\"ffaf5\">, <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>accorde <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>r\u00e9gimes <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>retraite <span class=\"_ _61\"> </span>au </span>Mexique, <span class=\"_ _37\"></span>en <span class=\"_ _44\"> </span>Belgique, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>Japon <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>Cor\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Sud. <span class=\"_ _44\"> </span>Les <span class=\"_ _44\"> </span>avantages sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>bas\u00e9s <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>r\u00e9mun\u00e9ration <span class=\"_ _3\"></span>assur\u00e9e <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>fin <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>carri\u00e8re et la dur\u00e9e de service.R\u00e9gimes de couvertur<span class=\"_ _0\"></span>e de soins m\u00e9dicauxAux <span class=\"_ _64\"> </span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffaf7\">\u2011</span>Unis, <span class=\"_ _60\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _64\"> </span>o\ue61erait <span class=\"_ _60\"> </span>un <span class=\"_ _64\"> </span>r\u00e9gime <span class=\"_ _64\"> </span>de <span class=\"_ _60\"> </span>couverture <span class=\"_ _64\"> </span>m\u00e9dicale <span class=\"_ _64\"> </span>\u00e0 certains <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _44\"> </span>pendant <span class=\"_ _44\"></span>leur <span class=\"_ _37\"></span>retraite. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>r\u00e9gime <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>couverture <span class=\"_ _44\"></span>m\u00e9dicale aux <span class=\"_ _3\"></span>\u00c9tats<span class=\"ffaf7\">\u2011</span>Unis inclut <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>remboursement <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>frais <span class=\"_ _3\"></span>m\u00e9dicaux <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>base <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>des frais dentaires et a \u00e9t\u00e9 ferm\u00e9 aux nouveaux entr<span class=\"_ _0\"></span>ants.9<span class=\"_ _1\"></span>.2.2<span class=\"_ _bc\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>l\u00e9ments du compte de r\u00e9sultat et de l\u2019\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global</span>9<span class=\"_ _0\"></span>.2.2.1<span class=\"_ _c7\"> </span>Compte de r\u00e9sultatPlans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>Co\u00fbt des services\ue662:<span class=\"_ _347\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt des services rendus au cours de la p\u00e9riode<span class=\"_ _17\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1dc\"> </span>(2)co\u00fbt des services pass\u00e9s et gains li\u00e9s \u00e0 une r\u00e9duction de r\u00e9gime<span class=\"_ _9\"> </span>-<span class=\"_ _9a\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1a4\"> </span>2Co\u00fbt \ue75cnancier net\ue662:<span class=\"_ _348\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662co\u00fbt financier relatif \u00e0 l\u2019<span class=\"_ _0\"></span>engagement<span class=\"_ _349\"> </span>(8)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _178\"> </span></span>-<span class=\"_ _178\"> </span>-<span class=\"_ _1dc\"> </span>(8)<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>rendement relatif aux actifs du r\u00e9gime<span class=\"_ _34a\"> </span>5<span class=\"_ _1a4\"> </span>3<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _9a\"> </span>5<span class=\"_ _1a4\"> </span>3co\u00fbt administratif et taxe<span class=\"_ _34b\"> </span>(1)<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS (6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(<span class=\"_ _3\"></span>2)<span class=\"_ _97\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span></span>(6)<span class=\"_ _16a\"> </span><span class=\"ls0 ws0\">(2)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN CHARGES\ue61f9<span class=\"_ _1\"></span>.2.2.2<span class=\"_ _be\"> </span><span class=\"ls0 ws0\">\u00c9<span class=\"_ _0\"></span>tat du R\u00e9sultat Global (ERG)</span>Plans de retraites\ue662Couverture\ue662et avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _f0\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17c\"> </span><span class=\"ffb01 fc1\">2021</span>OUVERTURE<span class=\"_ _21b\"> </span><span class=\"ffb02\">\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _a9\"> </span></span>(196)<span class=\"_ _18c\"> </span>(236)Gains/(P<span class=\"_ _0\"></span>ertes) actuariels sur les actifs du r\u00e9gime\ue61f:<span class=\"_ _ba\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61fli\u00e9s au rendement des actifs de couverture<span class=\"_ _220\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _83\"> </span>(<span class=\"_ _0\"></span>64)<span class=\"_ _1a4\"> </span>2Gains/(pertes) actuariels sur la provision pour retr<span class=\"_ _0\"></span>aites\ue61f:<span class=\"_ _e4\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61f<span class=\"_ _4e\"> </span>\ue61f<span class=\"_ _34\"> </span>\ue61fli\u00e9s au changement d\u2019hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _10e\"> </span>3<span class=\"_ _1a4\"> </span>2<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _97\"> </span>3<span class=\"_ _9a\"> </span>2(1)li\u00e9s au changement d\u2019hypoth\u00e8ses financi\u00e8res\ue61f<span class=\"_ _335\"> </span>122<span class=\"_ _186\"> </span>35<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _16a\"> </span>122<span class=\"_ _186\"> </span>35li\u00e9s aux ajustements d\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _182\"> </span>(12)<span class=\"_ _178\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _c8\"> </span>(12)<span class=\"_ _178\"> </span>1COMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS 49<span class=\"_ _7a\"> </span>40<span class=\"_ _97\"> </span>1<span class=\"_ _178\"> </span>-<span class=\"_ _aa\"> </span>50<span class=\"_ _aa\"> </span>40D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERGCOMPO<span class=\"_ _0\"></span>SANTES DU CO\u00dbT DES PREST<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIONS \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _8d\"> </span><span class=\"ffb01\">(146)<span class=\"_ _a9\"> </span>(196)</span>D\u00c9FINIES COMPT<span class=\"_ _1\"></span>ABILIS\u00c9ES EN ERG(1) <span class=\"ls6d ws6d\">En </span>2022 la variation des taux d\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>tualisation (voir note 9<span class=\"_ _0\"></span>.2.5) a entra\u00een\u00e9 un gain actuariel de 49\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros contre un gain actuariel de 40\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros en 2021.9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.3<span class=\"_ _c0\"> </span>\u00c9<span class=\"_ _0\"></span>volution des engagements et des actifs de couverturesPlans de retraitesCouvertureet avantages assimil\u00e9sm\u00e9dicale<span class=\"_ _53\"> </span>Total(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _17f\"> </span><span class=\"ffb0a fc1\">2021<span class=\"_ _11\"> </span></span>2022<span class=\"_ _5e\"> </span><span class=\"ffb0a fc1\">2021</span>V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 l\u2019<span class=\"_ _0\"></span>ouverture<span class=\"_ _41\"> </span>(514)<span class=\"_ _72\"> </span>(558)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _84\"> </span>(519)<span class=\"_ _c1\"> </span>(563)Co\u00fbt des services rendus<span class=\"_ _347\"> </span>(2)<span class=\"_ _a7\"> </span>(2)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _a7\"> </span>(2)<span class=\"_ _a7\"> </span>(2)Co\u00fbt financier<span class=\"_ _34c\"> </span>(8)<span class=\"_ _18a\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _186\"> </span></span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _18a\"> </span>(8)<span class=\"_ _a7\"> </span><span class=\"ls52 ws52\">(6)</span>R\u00e9\u00e9valuation - gains/(pertes) actuariels pr<span class=\"_ _0\"></span>ovenant\ue61f:<span class=\"_ _b6\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61f<span class=\"_ _191\"> </span>\ue61fde changement dans les hypoth\u00e8ses d\u00e9mographiques<span class=\"_ _1a0\"> </span>3<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _1da\"> </span>2de changement dans les hypoth\u00e8ses financi\u00e8res<span class=\"_ _cb\"> </span>122<span class=\"_ _c8\"> </span>35<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _17c\"> </span>122<span class=\"_ _c8\"> </span>35des ajustements li\u00e9s \u00e0 l\u2019<span class=\"_ _0\"></span>exp\u00e9rience<span class=\"_ _34d\"> </span>(12)<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _94\"> </span>(12)<span class=\"_ _186\"> </span>1Co\u00fbt des services pass\u00e9s, incluant les gains/(pertes) sur les r<span class=\"_ _0\"></span>\u00e9ductions -<span class=\"_ _186\"> </span>1<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>1de\ue61fr\u00e9gimeV<span class=\"_ _1\"></span>ariation de p\u00e9rim\u00e8tre<span class=\"_ _34e\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _1da\"> </span>3<span class=\"_ _186\"> </span>-Prestations vers\u00e9es<span class=\"_ _123\"> </span>29<span class=\"_ _c8\"> </span>32<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _89\"> </span>29<span class=\"_ _ae\"> </span>32\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _13e\"> </span>(2)<span class=\"_ _12\"> </span>(18)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _83\"> </span>(1)<span class=\"_ _12\"> </span>(18)Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-V<span class=\"_ _1\"></span>aleur actuelle de l\u2019<span class=\"_ _0\"></span>obligation \u00e0 la cl\u00f4ture<span class=\"_ _2\"> </span>(383)<span class=\"_ _84\"> </span>(514)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c1\"> </span>(385)<span class=\"_ _84\"> </span>(518)Obligation enti\u00e8rement ou partiellement financ\u00e9e<span class=\"_ _ce\"> </span>(188)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>248)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _2f\"> </span>(188)<span class=\"_ _84\"> </span>(248)Obligation non financ\u00e9e<span class=\"_ _112\"> </span>(195)<span class=\"_ _84\"> </span>(266)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _18a\"> </span>(5)<span class=\"_ _2f\"> </span>(199)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>270)Juste valeur des actifs du plan \u00e0 l\u2019<span class=\"_ _1\"></span>ouverture<span class=\"_ _2\"> </span>223<span class=\"_ _a9\"> </span>208<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _69\"> </span>223<span class=\"_ _a9\"> </span>208Rendement des actifs de couverture<span class=\"_ _34d\"> </span>4<span class=\"_ _58\"> </span>3<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>4<span class=\"_ _1da\"> </span>3Gains/(pertes) de r\u00e9\u00e9valuation<span class=\"_ _34b\"> </span>(<span class=\"_ _0\"></span>65)<span class=\"_ _1da\"> </span>2<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _8d\"> </span>(65)<span class=\"_ _aa\"> </span>2Cotisations vers\u00e9es par l\u2019<span class=\"_ _1\"></span>employeur<span class=\"_ _34f\"> </span>8<span class=\"_ _aa\"> </span>8<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _aa\"> </span>8<span class=\"_ _aa\"> </span>8Prestations vers\u00e9e<span class=\"_ _350\"> </span>(11)<span class=\"_ _18f\"> </span>(14)<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _ab\"> </span>(11)<span class=\"_ _12\"> </span>(14)\u00c9<span class=\"_ _0\"></span>carts de conversion<span class=\"_ _123\"> </span>-<span class=\"_ _ae\"> </span>15<span class=\"_ _186\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _c2\"> </span>15Autres (changement syst\u00e8me de retr<span class=\"_ _0\"></span>aite)<span class=\"_ _224\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-Juste valeur \u00e0 la cl\u00f4ture<span class=\"_ _351\"> </span>160<span class=\"_ _69\"> </span>223<span class=\"_ _186\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _12\"> </span>160<span class=\"_ _69\"> </span>223PROVISIONS POUR RETRAITES ET A<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>ANT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>GES ASSIMIL\u00c9S<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>224)<span class=\"_ _84\"> </span>(291)<span class=\"_ _1fd\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _1fd\"> </span>(5)<span class=\"_ _c9\"> </span>(225)<span class=\"_ _c1\"> </span>(295)\ue61fLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>ce <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>verser<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>cours <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>2023, <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>ordre <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>25\ue61fmillions <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>au <span class=\"_ _3b\"></span>titre <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>plans <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>prestations </span>d\u00e9finies, dont 18\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros directement par l\u2019<span class=\"_ _0\"></span>entreprise aux employ\u00e9s et 7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros par les plans<span class=\"_ _0\"></span>.9.<span class=\"_ _3b\"></span>2<span class=\"_ _3b\"></span>.<span class=\"_ _3\"></span>4Actifs du r\u00e9gime9<span class=\"_ _0\"></span>.2.4.<span class=\"_ _0\"></span>1P<span class=\"_ _0\"></span>olitique et strat\u00e9gie de couverture des\ue61fengagementsD<span class=\"_ _0\"></span>ans <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>cas <span class=\"_\"> </span>o\u00f9 <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_\"> </span>pour <span class=\"_ _61\"> </span>retraites <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>avantages <span class=\"_ _46\"> </span>assimil\u00e9s <span class=\"_ _46\"> </span>est couvert <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actifs, <span class=\"_ _3\"></span>principalement <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span>\u00c9tats<span class=\"ffb0c\">\u2011</span>Unis <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, la strat\u00e9gie d\u2019investissement concernant ces actifs de couverture est d\u00e9finie en fonction du profil des b\u00e9n\u00e9ficiaires des plans<span class=\"_ _0\"></span>.Au <span class=\"_ _46\"> </span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>contributions <span class=\"_ _61\"> </span>relatives <span class=\"_\"> </span>aux <span class=\"_ _46\"> </span>r\u00e9gimes <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>prestations d\u00e9finies <span class=\"_ _3b\"></span>sont <span class=\"_ _3b\"></span>n\u00e9goci\u00e9es <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>rustees <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>apr\u00e8s <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>\u00e9valuation <span class=\"_ _3b\"></span>triennale. Les T<span class=\"_ _f\"></span>rustees sont <span class=\"_ _3\"></span>conseill\u00e9s par un <span class=\"_ _3\"></span>acteur majeur <span class=\"_ _3\"></span>du conseil <span class=\"_ _3\"></span>en gestion des risques <span class=\"_ _6f\"> </span>sur <span class=\"_ _6f\"> </span>la <span class=\"_ _6f\"> </span>politique <span class=\"_ _6f\"> </span>d\u2019investissement. <span class=\"_ _6f\"> </span>Les <span class=\"_ _6f\"> </span>cotisations <span class=\"_ _28\"> </span>annuelles moyennes <span class=\"_ _61\"> </span>sont <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>l\u2019or<span class=\"_ _0\"></span>dre <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>6,6\ue61fmillions <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>livres <span class=\"_ _46\"> </span>sterling <span class=\"_ _61\"> </span>(<span class=\"_ _3\"></span>7<span class=\"_ _1\"></span>,7\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au taux moyen 2022).Aux <span class=\"_ _44\"></span>\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb0c\">\u2011</span>Unis, <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>politique <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>V<span class=\"_ _f\"></span>antiva <span class=\"_ _44\"> </span>est <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>contribuer <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>hauteur <span class=\"_ _44\"></span>d\u2019un montant <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>moins <span class=\"_ _3b\"></span>\u00e9gal <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>minima <span class=\"_ _3\"></span>requis <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3\"></span>am\u00e9ricaine. <span class=\"_ _3\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _3\"></span></span>n\u2019y <span class=\"_ _3b\"></span>a <span class=\"_ _3\"></span>pas eu de contribution en 2022.P<span class=\"_ _0\"></span>\u00e9riodiquement, <span class=\"_\"> </span>une <span class=\"_\"> </span>analyse <span class=\"_\"> </span>actif<span class=\"ffb0c\">\u2011</span>passif <span class=\"_\"> </span>des <span class=\"_\"> </span>politiques <span class=\"_\"> </span>d\u2019investissement est r\u00e9alis\u00e9e<span class=\"_ _0\"></span>, pour mesurer l\u2019<span class=\"_ _0\"></span>\u00e9quilibre\ue61frisque\ue61f/ rentabilit\u00e9.\u2022aux <span class=\"_\"> </span>\u00c9tats<span class=\"ffb0c\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_\"> </span>dans <span class=\"_\"> </span>la <span class=\"_\"> </span>mesure <span class=\"_\"> </span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _46\"> </span>r\u00e9gime <span class=\"_\"> </span>de <span class=\"_\"> </span>retraite <span class=\"_\"> </span>est <span class=\"_\"> </span>gel\u00e9, <span class=\"_\"> </span>la strat\u00e9gie <span class=\"_\"> </span>d\u2019investissement <span class=\"_\"> </span>vise <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>augmenter <span class=\"_ _46\"> </span>le <span class=\"_ _46\"> </span>ratio de <span class=\"_\"> </span>capitalisation pour <span class=\"_ _3\"></span>atteindre le <span class=\"_ _3\"></span>montant <span class=\"_ _3\"></span>de l\u2019obligation tout <span class=\"_ _3\"></span>en visant <span class=\"_ _3\"></span>simultan\u00e9ment <span class=\"_ _3\"></span>\u00e0 minimiser <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>volatilit\u00e9 <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>ratio <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>capitalisation <span class=\"_ _3b\"></span>(le <span class=\"_ _3b\"></span>ratio <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>financement est <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _46\"> </span>75\ue61f%). <span class=\"_ _46\"> </span>L<span class=\"_ _1\"></span>\u2019actif <span class=\"_\"> </span>est <span class=\"_\"> </span>enti\u00e8rement <span class=\"_\"> </span>compos\u00e9 <span class=\"_ _46\"> </span>d\u2019obligations <span class=\"_\"> </span>et d\u2019<span class=\"_ _0\"></span>\u00e9quivalents <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>tr\u00e9sorerie. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Un <span class=\"_ _37\"></span></span>mandat <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>fond <span class=\"_ _37\"></span>externe pour appliquer cette strat\u00e9gie\ue61f;\u2022au <span class=\"_ _3\"></span>Royaume<span class=\"ffb0c\">\u2011</span>Uni, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>statut <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>financement <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>environ <span class=\"_ _3\"></span>90\ue61f%. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3\"></span>de financement <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>compos\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>54\ue61f% <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrats <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>assurance <span class=\"_ _3\"></span>couvrant <span class=\"_ _3\"></span>les obligations <span class=\"_ _61\"> </span>envers <span class=\"_ _61\"> </span>les <span class=\"_ _61\"> </span>retrait\u00e9s<span class=\"_ _0\"></span>, <span class=\"_ _60\"> </span>34\ue61f% <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>obligations <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>\u00e9quivalents <span class=\"_ _61\"> </span>de tr\u00e9sorerie<span class=\"_ _0\"></span>, 11\ue61f% d\u2019instruments de capitaux propres et 1\ue61f% d\u2019immeubles.9<span class=\"_ _0\"></span>.2.4.2<span class=\"_ _4f\"> </span>V<span class=\"_ _f\"></span>entilation de la juste valeur par cat\u00e9gorieR\u00e9partition des actifs\ue662Juste valeur des actifs\ue662au\ue66231\ue662d\u00e9cembreau\ue66231\ue662d\u00e9cembre(en % et en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _f\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _0\"></span>alents<span class=\"_ _270\"> </span>3\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _158\"> </span>5<span class=\"_ _8b\"> </span>2Actions<span class=\"_ _352\"> </span>50\ue61f%<span class=\"_ _1d\"> </span>13\ue61f%<span class=\"_ _251\"> </span><span class=\"ls70 ws70\">79<span class=\"_ _82\"> </span></span>30T<span class=\"_ _0\"></span>itres de cr\u00e9ances<span class=\"_ _160\"> </span>31\ue61f%<span class=\"_ _1b5\"> </span>69\ue61f%<span class=\"_ _5\"> </span>50<span class=\"_ _19b\"> </span>154Immobilier<span class=\"_ _271\"> </span>1\ue61f%<span class=\"_ _1cf\"> </span>1\ue61f%<span class=\"_ _8b\"> </span>2<span class=\"_ _158\"> </span>3Contrats d\u2019<span class=\"_ _1\"></span>assurance<span class=\"_ _2af\"> </span>15\ue61f%<span class=\"_ _1ee\"> </span>15\ue61f%<span class=\"_ _251\"> </span>25<span class=\"_ _156\"> </span>33TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _2c4\"> </span>100\ue662%<span class=\"_ _186\"> </span>100\ue662%<span class=\"_ _17e\"> </span><span class=\"ffb15\">160<span class=\"_ _184\"> </span>223</span>\ue61fLa juste valeur des <span class=\"_ _3\"></span>titres de cr\u00e9ances et <span class=\"_ _3\"></span>des instruments de <span class=\"_ _3\"></span>capitaux propres est bas\u00e9e sur <span class=\"_ _3\"></span>des prix cot\u00e9s <span class=\"_ _3\"></span>sur des march\u00e9s actifs. La juste <span class=\"_ _3\"></span>valeur des actifs <span class=\"_ _3\"></span>de couverture ne comprend p<span class=\"_ _0\"></span>as d\u2019instruments financiers \u00e9mis par V<span class=\"_ _1\"></span>antiva ni tout autre actif utilis\u00e9 par le Groupe<span class=\"_ _0\"></span>.En <span class=\"ls0 ws0\">2022 le rendement r\u00e9el des actifs s\u2019<span class=\"_ _0\"></span>est av\u00e9r\u00e9 n\u00e9gatif \u00e0 (59)\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros (positif de 5\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros en 2021).</span>9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.5<span class=\"_ _bc\"> </span>Hypoth\u00e8ses r<span class=\"_ _0\"></span>etenues pour le calcul actuarielPlans de retraites\ue662et avantages assimil\u00e9s<span class=\"_ _156\"> </span>Couverture m\u00e9dicale\ue61f2022<span class=\"_ _4e\"> </span><span class=\"ffb15 fc1\">2021<span class=\"_ _97\"> </span></span>2022<span class=\"_ _34\"> </span><span class=\"ffb15 fc1\">2021</span>T<span class=\"_ _23\"></span>aux d\u2019<span class=\"_ _0\"></span>actualisation moyen pond\u00e9r\u00e9<span class=\"_ _277\"> </span>4,40\ue61f%<span class=\"_ _1b4\"> </span>1,61\ue61f%<span class=\"_ _186\"> </span>4,89\ue61f%<span class=\"_ _194\"> </span>2,55\ue61f%T<span class=\"_ _23\"></span>aux moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _0\"></span>augmentation des salaires \u00e0 long terme<span class=\"_ _171\"> </span>1,22\ue61f%<span class=\"_ _74\"> </span>1,17\ue61f%<span class=\"_ _4e\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _4e\"> </span>N/A</span>\ue61fM\u00e9thodologie appliqu\u00e9e pour la d\u00e9termination du taux d\u2019<span class=\"_ _0\"></span>actualisationP<span class=\"_ _0\"></span>our <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>r\u00e9gimes <span class=\"_ _3\"></span>am\u00e9ricains, <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>prestations <span class=\"_ _3\"></span>projet\u00e9es <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>actualis\u00e9es <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>utilisant <span class=\"_ _3\"></span>une <span class=\"_ _3b\"></span>courbe <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>partir <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>taux <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>obligations <span class=\"_ _3\"></span>\u00e9mises par des entreprises <span class=\"_ _3\"></span>not\u00e9es AA. Dans la zone Euro et au <span class=\"_ _3\"></span>Royaume<span class=\"ffb17\">\u2011</span>U<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>les taux <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actualisation utilis\u00e9s sont <span class=\"_ _3\"></span>d\u00e9termin\u00e9s sur <span class=\"_ _3\"></span>la base des <span class=\"_ _3\"></span>obligations \u00e9mises par des entreprises not\u00e9es AA.Plans de retraites\ue662(en %)et avantages assimil\u00e9s<span class=\"_ _188\"> </span>Plans de pr\u00e9retraite<span class=\"_ _80\"> </span>Couverture m\u00e9dicale<span class=\"_ _ee\"> </span>Index de r\u00e9f\u00e9renceZ<span class=\"_ _0\"></span>one Euro<span class=\"_ _110\"> </span>3,77\ue61f%<span class=\"_ _129\"> </span>0,00\ue61f%<span class=\"_ _eb\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _f2\"> </span></span>Iboxx AA10+Royaume U<span class=\"_ _0\"></span>ni<span class=\"_ _169\"> </span>4,70\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _eb\"> </span>N/A<span class=\"_ _23f\"> </span></span>Aon Hewitt AA curve\u00c9tats<span class=\"_ _0\"></span><span class=\"ffb17\">\u2011<span class=\"ffb12\">Unis<span class=\"_ _353\"> </span>4,81\ue61f%<span class=\"_ _e0\"> </span><span class=\"ls56 ws56\">N/A<span class=\"_ _e4\"> </span></span>4,89\ue61f%<span class=\"_ _6e\"> </span>Citigroup pension discount curve</span></span>\ue61f9<span class=\"_ _1\"></span>.<span class=\"_ _3\"></span>2.6<span class=\"_ _4d\"> </span>Risques associ\u00e9s aux r\u00e9gimes \u00e0 prestation d\u00e9finies et analyse de sensibilit\u00e9Les plans de retr<span class=\"_ _0\"></span>aite sont principalement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux risques financiers li\u00e9s aux hypoth\u00e8ses de taux d\u2019<span class=\"_ _0\"></span>actualisation.Les plans de couverture m\u00e9dicale sont princip<span class=\"_ _0\"></span>alement expos\u00e9s\ue61f:\u2022au risque de long\u00e9vit\u00e9 li\u00e9 aux hypoth\u00e8ses de mortalit\u00e9\ue61f;\u2022aux <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>financiers <span class=\"_ _3\"></span>li\u00e9s <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>hypoth\u00e8ses <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>taux <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>taux d\u2019inflation de la couverture m\u00e9dicale.La sensibilit\u00e9 de l\u2019<span class=\"_ _0\"></span>\u00e9valuation actuarielle est d\u00e9crite ci<span class=\"ffb17\">\u2011</span>dessous\ue61f:\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>augmentait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>diminuerait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>diminuait <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>0,25\ue61f%, <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>provision <span class=\"_ _37\"></span>augmenterait de 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>co\u00fbts <span class=\"_ _44\"> </span>de <span class=\"_ _44\"></span>couverture <span class=\"_ _37\"></span>m\u00e9dicale <span class=\"_ _44\"></span>augmentaient <span class=\"_ _37\"></span>de <span class=\"_ _44\"> </span>1\ue61f%, <span class=\"_ _44\"> </span>la <span class=\"_ _37\"></span>provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_\"> </span>les <span class=\"_\"> </span>co\u00fbts <span class=\"_\"> </span>de <span class=\"_\"> </span>couverture <span class=\"_\"> </span>m\u00e9dicale <span class=\"_\"> </span>diminuaient <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>1\ue61f%, <span class=\"_\"> </span>la <span class=\"_ _46\"> </span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si le taux <span class=\"_ _3\"></span>de revalorisation des salaires augmentait de <span class=\"_ _3\"></span>0,25\ue61f%, la provision augmenterait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros\ue61f;\u2022si <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>taux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>revalorisation <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>salaires <span class=\"_ _3b\"></span>diminuait <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>0,25\ue61f%, <span class=\"_ _3b\"></span>la <span class=\"_ _37\"></span>provision diminuerait de moins de 1\ue61fmillion d\u2019<span class=\"_ _0\"></span>euros.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>analyse <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>sensibilit\u00e9 <span class=\"_ _64\"> </span>pr\u00e9sent\u00e9e <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>base <span class=\"_ _64\"> </span>de changements raisonnables de chacune des <span class=\"_ _3\"></span>hypoth\u00e8ses \u00e0 la date <span class=\"_ _3\"></span>de cl\u00f4ture, tout en conservant les autres hypoth\u00e8ses inchang\u00e9es<span class=\"_ _0\"></span>.Note 10<span class=\"_ _db\"> </span>Pro<span class=\"_ _0\"></span>visions et risquesUne <span class=\"_ _3b\"></span>provision <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>constitu\u00e9e <span class=\"_ _37\"></span>lorsque, <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a une <span class=\"_ _44\"> </span>obligation <span class=\"_ _44\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>d\u2019un <span class=\"_ _44\"> </span>\u00e9v\u00e9nement <span class=\"_ _44\"> </span>pass\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>dont <span class=\"_ _44\"> </span>il <span class=\"_ _44\"> </span>est <span class=\"_ _47\"> </span>probable qu\u2019<span class=\"_ _0\"></span>elle <span class=\"_ _44\"> </span>engendrera <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>sortie <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>ressources <span class=\"_ _44\"> </span>repr\u00e9sentative <span class=\"_ _37\"></span>d\u2019av<span class=\"_ _0\"></span>antages \u00e9conomiques futurs dont le montant peut \u00eatre estim\u00e9 de fa\u00e7on fiable<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>obligation <span class=\"_ _65\"> </span>peut <span class=\"_ _64\"> </span>d\u00e9couler <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _65\"> </span>contrat, <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>dispositions <span class=\"_ _64\"> </span>l\u00e9gales <span class=\"_ _65\"> </span>ou r\u00e9glementaires<span class=\"_ _0\"></span>, <span class=\"_ _44\"></span>ou <span class=\"_ _37\"></span>encore <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>implicite <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"></span>lors <span class=\"_ _37\"></span>que, <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>pratiques pass\u00e9es, <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>politique <span class=\"_ _64\"> </span>a\ue61ech\u00e9e <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>d\u00e9claration <span class=\"_ _65\"> </span>r\u00e9cente su\ue61esamment <span class=\"_ _46\"> </span>explicite, <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Groupe <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>cr\u00e9\u00e9 <span class=\"_ _46\"> </span>chez <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>tiers <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>attente fond\u00e9e qu\u2019il assumera ce passif<span class=\"_ _1\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>provision <span class=\"_ _3\"></span>repr\u00e9sente la <span class=\"_ _3b\"></span>meilleure <span class=\"_ _3\"></span>estimation </span>de la d\u00e9pense <span class=\"_ _3\"></span>n\u00e9cessaire \u00e0 l\u2019<span class=\"_ _0\"></span>extinction de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>obligation actuelle \u00e0 <span class=\"_ _3\"></span>la date de cl\u00f4ture<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Si le montant de l\u2019<span class=\"_ _0\"></span>obligation ne peut <span class=\"_ _3\"></span>\u00eatre \u00e9valu\u00e9 avec une fiabilit\u00e9 su\ue61esante, <span class=\"_ _3\"></span>aucune <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _3b\"></span>mais <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>description <span class=\"_ _3b\"></span>de cette obligation <span class=\"_ _3\"></span>est pr\u00e9sent\u00e9e dans <span class=\"_ _3\"></span>les notes <span class=\"_ _3\"></span>annexes aux <span class=\"_ _3\"></span>\u00e9tats financiers consolid\u00e9s.Si <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _60\"> </span>est <span class=\"_ _61\"> </span>significatif<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>montant <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>provision comptabilis\u00e9e <span class=\"_\"> </span>correspond <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_\"> </span>actualis\u00e9e <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>d\u00e9penses <span class=\"_\"> </span>que <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _6c\"> </span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _6c\"> </span>\u00e0 <span class=\"_ _2a\"> </span>devoir <span class=\"_ _6c\"> </span>encourir <span class=\"_ _2a\"> </span>pour <span class=\"_ _6c\"> </span>\u00e9teindre <span class=\"_ _6c\"> </span>l\u2019obligation correspondante<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Cette <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>avant <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _37\"></span>re\ufb02\u00e9tant <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>temps <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _0\"></span>argent. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9sactualisation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>enregistr<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61bAutres <span class=\"_ _3b\"></span>produits (charges) financiers nets\ue61b\u00bb.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"ls0 ws0\">jugement de la Direction est requis pour l\u2019<span class=\"_ _1\"></span>analyse des risques et litiges, </span>y <span class=\"_ _37\"></span>compris <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>probabilit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>d\u00e9nouements <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>litiges <span class=\"_ _37\"></span>en cours <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>venir<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>sont, <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>nature, <span class=\"_\"> </span>d\u00e9pendants <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9v\u00e9nements futurs <span class=\"_ _65\"> </span>n\u00e9cessair<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>incertains. <span class=\"_ _64\"> </span>P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>d\u00e9nouements possibles <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>litiges <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>fiscaux <span class=\"_ _61\"> </span>etc<span class=\"_ _3\"></span>., <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Direction <span class=\"_ _61\"> </span>s\u2019<span class=\"_ _0\"></span>appuie <span class=\"_ _61\"> </span>sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation r\u00e9alis\u00e9e <span class=\"_ _3\"></span>par des <span class=\"_ _3\"></span>conseils externes <span class=\"_ _3\"></span>connaissant <span class=\"_ _3\"></span>chaque dossier<span class=\"_ _0\"></span>, ainsi que sur les jurisprudences connues.Pro<span class=\"_ _0\"></span>visions pour restructurationLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>comptabilise <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _37\"></span>de </span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3b\"></span>lors <span class=\"_ _3b\"></span>qu\u2019il <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>obligation <span class=\"_ _3b\"></span>implicite <span class=\"_ _37\"></span>vis-\u00e0-vis <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tiers, <span class=\"_ _3b\"></span>ayant pour <span class=\"_ _61\"> </span>origine <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe <span class=\"_ _61\"> </span>mat\u00e9rialis\u00e9e <span class=\"_ _61\"> </span>avant <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de cl\u00f4ture par\ue61b:\u2022l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>plan <span class=\"_ _3b\"></span>d\u00e9taill\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>formalis\u00e9 <span class=\"_ _3\"></span>pr\u00e9cisant <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>sites <span class=\"_ _3b\"></span>concern\u00e9s, la <span class=\"_ _44\"> </span>localisation, <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>approximatif <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>personnes concern\u00e9es, la <span class=\"_ _3b\"></span>nature des <span class=\"_ _3b\"></span>d\u00e9penses <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>seront <span class=\"_ _3\"></span>engag\u00e9es <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de mise en \u0153uvre du plan\ue61b; et\u2022l\u2019<span class=\"_ _0\"></span>annonce de ce plan aux tiers concern\u00e9s par celui<span class=\"ffb4f\">\u2011</span>ci.La provision n\u2019inclut que les d\u00e9penses directement li\u00e9es au plan.10.<span class=\"_ _1\"></span>1<span class=\"_ _6e\"> </span>D<span class=\"_ _0\"></span>\u00e9tail des provisionsProvisions pour risques Provisions pour et\ue662litiges relatifsrestructurationAux activit\u00e9s Aux activit\u00e9s arr\u00eat\u00e9es ou en arr\u00eat\u00e9es ou en Provisions Aux activit\u00e9s cours de Aux activit\u00e9s cours de (en\ue61bmillions d\u2019<span class=\"_ _0\"></span>euros)pour garantiespoursuiviescessionpoursuiviescessionT<span class=\"_ _23\"></span>otalAu 31\ue662d\u00e9cembre 2021<span class=\"_ _142\"> </span><span class=\"ffb4b\">18<span class=\"_ _194\"> </span></span>21<span class=\"_ _d7\"> </span>21<span class=\"_ _d7\"> </span><span class=\"ffb4b\">18<span class=\"_ _97\"> </span>1<span class=\"_ _58\"> </span><span class=\"ls70 ws70\">79</span></span>Dotations<span class=\"_ _f9\"> </span>12<span class=\"_ _9e\"> </span>4<span class=\"_ _1a4\"> </span>7<span class=\"_ _191\"> </span>19<span class=\"_ _1a4\"> </span>3<span class=\"_ _186\"> </span>45Reprises<span class=\"_ _273\"> </span>(9)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(2)<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _aa\"> </span>(1)<span class=\"_ _c8\"> </span>(16)Utilisations de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _146\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(3)<span class=\"_ _83\"> </span>(<span class=\"_ _3\"></span>22)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _5c\"> </span></span>(32)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres mouvements<span class=\"_ _32b\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _17d\"> </span></span>1<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _1a4\"> </span></span>3<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>AU 31\ue662D\u00c9CEMBRE 2022<span class=\"_ _359\"> </span><span class=\"ffb4b\">19<span class=\"_ _d7\"> </span>18<span class=\"_ _58\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _186\"> </span></span>10<span class=\"_ _97\"> </span><span class=\"ffb4b\">-<span class=\"_ _1da\"> </span></span><span class=\"ls70 ws70\">70</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _19e\"> </span>19<span class=\"_ _9e\"> </span>8<span class=\"_ _9a\"> </span>6<span class=\"_ _d7\"> </span>10<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>43Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _347\"> </span>-<span class=\"_ _186\"> </span>10<span class=\"_ _191\"> </span>18<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>28\ue61f\ue61bLes <span class=\"_ _3\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>(indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>fin <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>locaux) des activit\u00e9s poursuivies.10.2<span class=\"_ _4d\"> </span>Risques et litigesGRI<span class=\"ffb55 fc1 ls4b ws4b\"> [2</span>\u201125 Processus de r<span class=\"_ _0\"></span>em\u00e9diation des impacts n\u00e9gatifs] [2\u201127 Conformit\u00e9 aux l\u00e9gislations e<span class=\"_ _0\"></span>t aux r\u00e9glementations]D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>courante, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>f<span class=\"_ _0\"></span>aire <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_\"> </span>de proc\u00e9dures <span class=\"_ _3b\"></span>judiciaires <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>contr\u00f4les <span class=\"_ _3b\"></span>fiscaux, <span class=\"_ _37\"></span>douaniers <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>administratifs. Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe enregistre une provision <span class=\"_ _3\"></span>chaque fois <span class=\"_ _3\"></span>qu\u2019un risque <span class=\"_ _3\"></span>constitue une </span>obligation <span class=\"_ _61\"> </span>vis-\u00e0-vis <span class=\"_ _61\"> </span>d\u2019un <span class=\"_ _60\"> </span>tiers <span class=\"_ _61\"> </span>dont <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>passif <span class=\"_ _61\"> </span>potentiel <span class=\"_ _60\"> </span>susceptible <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>en r\u00e9sulter <span class=\"_ _3\"></span>peut <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>estim\u00e9 <span class=\"_ _3b\"></span>avec <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>pr\u00e9cision <span class=\"_ _3\"></span>su\ue61esante. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>proc\u00e9dures <span class=\"_ _3b\"></span>en cours les plus significatives sont les suivantes\ue61d:Proc\u00e9dur<span class=\"_ _0\"></span>e fiscale au Br\u00e9silLes <span class=\"_\"> </span>autorit\u00e9s <span class=\"_ _44\"> </span>fiscales <span class=\"_\"> </span>Br\u00e9siliennes <span class=\"_\"> </span>ont <span class=\"_\"> </span>notifi\u00e9 <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Br<span class=\"_ _0\"></span>asil <span class=\"_\"> </span>Midia <span class=\"_\"> </span>E Entr<span class=\"_ _0\"></span>etenimento <span class=\"_ _44\"> </span>L<span class=\"_ _1\"></span>TD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>un <span class=\"_ _44\"></span>redr<span class=\"_ _0\"></span>essement <span class=\"_ _44\"> </span>fiscal <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>exercices <span class=\"_ _44\"></span>2014 <span class=\"_ _37\"></span>et 2015. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conteste <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>totalit\u00e9 <span class=\"_\"> </span>du <span class=\"_\"> </span>redressement <span class=\"_ _44\"> </span>devant <span class=\"_\"> </span>les <span class=\"_\"> </span>tribunaux comp\u00e9tents <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>eu <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>favorable <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cour <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>premi\u00e8re <span class=\"_ _3\"></span>instance. La <span class=\"_ _3b\"></span>Receita <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>ederal <span class=\"_ _3b\"></span>Brasil <span class=\"_ _3b\"></span>(autorit\u00e9 <span class=\"_ _3b\"></span>fiscale <span class=\"_ _3b\"></span>f\u00e9d\u00e9rale) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>fait <span class=\"_ _3b\"></span>appel <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva est en attente du jugement de cet appel.Association des anciens salari\u00e9s de RCA du Comt\u00e9 de T<span class=\"_ _49\"></span>aoyuanV<span class=\"_ _1\"></span>antiva, certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>lectric <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>poursuivis <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>une association <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>(ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>ayants<span class=\"ffb56\">\u2011</span>droits <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s) <span class=\"_ _44\"> </span>d\u2019une ancienne <span class=\"_ _65\"> </span>usine <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT<span class=\"_ _3\"></span>). <span class=\"_ _65\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>association <span class=\"_ _65\"> </span>soutient <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les plaignants <span class=\"_ _46\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>expos\u00e9s <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _61\"> </span>contaminants <span class=\"_ _46\"> </span>lorsqu\u2019ils <span class=\"_ _61\"> </span>vivaient <span class=\"_ _46\"> </span>et travaillaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019usine, <span class=\"_ _46\"> </span>ce <span class=\"_ _61\"> </span>qui <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>eux <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>caus\u00e9 <span class=\"_ _61\"> </span>diverses <span class=\"_ _46\"> </span>maladies, notamment des <span class=\"_ _3\"></span>cancers, ou a g\u00e9n\u00e9r\u00e9 <span class=\"_ _3\"></span>un stress \u00e9motionnel <span class=\"_ _3\"></span>li\u00e9 \u00e0 la <span class=\"_ _3\"></span>peur que leur <span class=\"_ _44\"></span>travail <span class=\"_ _37\"></span>et <span class=\"_ _44\"></span>leurs <span class=\"_ _37\"></span>conditions <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>vie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>l\u2019usine <span class=\"_ _37\"></span>n\u2019augmentent <span class=\"_ _37\"></span>le <span class=\"_ _44\"> </span>risque <span class=\"_ _37\"></span>de maladie.Apr\u00e8s <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>tribunal <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>appel <span class=\"_ _3b\"></span>devant <span class=\"_ _3b\"></span>la Haute <span class=\"_\"> </span>Cour <span class=\"_\"> </span>taiwanaise <span class=\"_ _46\"> </span>(premi\u00e8re <span class=\"_\"> </span>Cour <span class=\"_\"> </span>d\u2019appel), <span class=\"_\"> </span>la <span class=\"_\"> </span>Cour <span class=\"_ _46\"> </span>Supr\u00eame <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>aiwan, en ao\u00fbt\ue61d2018\ue61d:(i)a <span class=\"_ _60\"> </span>confirm\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _61\"> </span>Cour <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>aiwanaise <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>accorder 518\ue61dmillions <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>NTD <span class=\"_\"> </span>(15,8\ue61dmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>change <span class=\"_ _61\"> </span>en vigueur <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _60\"> </span>2022) <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>dommages <span class=\"_ _64\"> </span>et <span class=\"_ _61\"> </span>int\u00e9r\u00eats <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>260 plaignants\ue61d;(ii)a <span class=\"_ _3\"></span>cass\u00e9 <span class=\"_ _3\"></span>la d\u00e9cision <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demande <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>246 plaignants et <span class=\"_ _64\"> </span>renvoy\u00e9 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>affaire <span class=\"_ _64\"> </span>devant <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _64\"> </span>Cour <span class=\"_ _64\"> </span>taiwanaise <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>ces plaignants.General <span class=\"_ _44\"> </span>Electric <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>vers\u00e9 <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>T<span class=\"_ _f\"></span>ribunal <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>montant <span class=\"_ _47\"> </span>total <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>d\u00e9cision <span class=\"_\"> </span>en d\u00e9cembre\ue61d2019<span class=\"_ _0\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">5\ue61dmars 2020, la <span class=\"_ _3\"></span>Haute Cour taiwanaise <span class=\"_ _3\"></span>a statu\u00e9 <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>demande des <span class=\"_ _3\"></span>246 </span>plaignants <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>accord\u00e9 <span class=\"_ _37\"></span>54,7\ue61dmillions <span class=\"_ _37\"></span>NTD <span class=\"_ _44\"></span>(1,6\ue61dmillion <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"></span>au <span class=\"_ _3b\"></span>taux <span class=\"_ _44\"></span>de change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dommages <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>int\u00e9r\u00eats. Cette d\u00e9cision est en appel devant la Cour Supr<span class=\"_ _0\"></span>\u00eame de T<span class=\"_ _f\"></span>aiwan.En <span class=\"_ _61\"> </span>2016, <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>engag\u00e9 <span class=\"_ _61\"> </span>un <span class=\"_ _46\"> </span>nouveau <span class=\"_ _61\"> </span>proc\u00e8s <span class=\"_ _61\"> </span>contre <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>et certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Electric <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>nom <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nouveaux <span class=\"_ _3\"></span>membres<span class=\"_ _0\"></span>, faisant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>all\u00e9gations <span class=\"_\"> </span>pratiquement <span class=\"_\"> </span>identiques <span class=\"_ _47\"> </span>\u00e0 <span class=\"_\"> </span>celles <span class=\"_ _44\"> </span>port\u00e9es <span class=\"_\"> </span>lors <span class=\"_\"> </span>du premier <span class=\"_ _44\"></span>proc\u00e8s<span class=\"_ _0\"></span>. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>tribunal <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>aipei <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>d\u00e9lib\u00e9r\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>27\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2019 <span class=\"_ _44\"> </span>et accord\u00e9 environ 2,3\ue61dmilliards de NTD (<span class=\"_ _3\"></span>70\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 taux de change en <span class=\"_ _3b\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>int\u00e9r\u00eats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>retard. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _6c\"> </span>General <span class=\"_ _6b\"> </span>Electric <span class=\"_ _6c\"> </span>sont <span class=\"_ _6c\"> </span>tenus <span class=\"_ _6b\"> </span>conjointement <span class=\"_ _6c\"> </span>et <span class=\"_ _6c\"> </span>solidairement responsables<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>a <span class=\"_ _61\"> </span>interjet\u00e9 <span class=\"_ _46\"> </span>appel <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_ _46\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>la Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>ta\u00efwanaise en <span class=\"_ _3b\"></span>janvier\ue61d2020 et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61davril <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>a rendu un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>1,667\ue61dmilliard de <span class=\"_ _3\"></span>NTD <span class=\"_ _3\"></span>(51\ue61dmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>au taux de <span class=\"_ _3\"></span>change au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) pour <span class=\"_ _3\"></span>1\ue61d112 <span class=\"_ _3\"></span>plaintes. Cette <span class=\"_ _3\"></span>d\u00e9cision <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>en appel <span class=\"_ _3\"></span>devant <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>supr\u00eame <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>raison <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>saisie <span class=\"_ _3b\"></span>e\ue61cectu\u00e9e par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>certains <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>GE, <span class=\"_ _3\"></span>GE <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>d\u00e9pos\u00e9 <span class=\"_ _3\"></span>aupr\u00e8s <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>tribunal de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>a\u00efwan <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>garantie <span class=\"_ _3b\"></span>bancaire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>3\ue61dmilliards <span class=\"_ _3b\"></span>NTD <span class=\"_ _37\"></span>(91,7\ue61dmillions <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os au taux de change du 31\ue61dd\u00e9cembre 2022).V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>et <span class=\"_ _44\"></span>ses <span class=\"_ _37\"></span>filiales <span class=\"_ _37\"></span>a\ue61erment, <span class=\"_ _37\"></span>entre <span class=\"_ _37\"></span>autres, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>T<span class=\"_ _0\"></span>CETVT <span class=\"_ _44\"></span>a <span class=\"_ _37\"></span>exerc\u00e9 <span class=\"_ _3b\"></span>son activit\u00e9 <span class=\"_ _61\"> </span>moins <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>quatre <span class=\"_ _61\"> </span>ann\u00e9es <span class=\"_ _61\"> </span>apr\u00e8s <span class=\"_ _61\"> </span>son <span class=\"_ _60\"> </span>rachat <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>General Electric, <span class=\"_ _3b\"></span>tandis <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>General <span class=\"_ _3b\"></span>Electric <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>son <span class=\"_ _3b\"></span>pr\u00e9d\u00e9cesseur <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charge <span class=\"_ _3b\"></span>RCA Corporation, <span class=\"_\"> </span>ont <span class=\"_ _47\"> </span>poss\u00e9d\u00e9 <span class=\"_\"> </span>et <span class=\"_\"> </span>exploit\u00e9 <span class=\"_\"> </span>T<span class=\"_ _1\"></span>CETVT <span class=\"_\"> </span>pendant <span class=\"_\"> </span>une <span class=\"_\"> </span>vingtaine d\u2019<span class=\"_ _0\"></span>ann\u00e9es.D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>l\u2019hypoth\u00e8se <span class=\"_ _37\"></span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>l\u2019une <span class=\"_\"> </span>de <span class=\"_ _44\"></span>ses <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>serait <span class=\"_ _44\"> </span>finalement tenu <span class=\"_ _3\"></span>responsable ou <span class=\"_ _3\"></span>r\u00e8glerait <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>litige, les <span class=\"_ _3\"></span>montants <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>av\u00e9rer <span class=\"_ _3\"></span>\u00eatre \u00e9lev\u00e9s. <span class=\"_\"> </span><span class=\"ls4 ws4\">Il <span class=\"_\"> </span></span>y <span class=\"_\"> </span>a <span class=\"_\"> </span>actuellement <span class=\"_\"> </span>trop <span class=\"_\"> </span>d\u2019incertitudes <span class=\"_ _46\"> </span>pour <span class=\"_ _46\"> </span>\u00e9valuer <span class=\"_\"> </span>de <span class=\"_\"> </span>mani\u00e8re pr\u00e9cise le <span class=\"_ _3\"></span>montant que <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva ou l\u2019une <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>devrait r\u00e9gler dans <span class=\"_ _3\"></span>le cadre de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>proc\u00e9dures. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dispose <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rents moyens afin de <span class=\"_ _3\"></span>r\u00e9duire tout <span class=\"_ _3\"></span>risque, y compris <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>dommages et <span class=\"_ _3\"></span>int\u00e9r\u00eats qui <span class=\"_ _3\"></span>seraient dus par General E<span class=\"_ _0\"></span>lectric et autres.Enqu\u00eates et pr<span class=\"_ _0\"></span>oc\u00e8s dans l\u2019<span class=\"_ _0\"></span>affaire T<span class=\"_ _49\"></span>ubes cathodiques\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb56\">\u2011</span>UnisEn <span class=\"_ _44\"></span><span class=\"ls0 ws0\">septembre\ue61d2019<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>parties <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>d\u00e9fense <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>conclu <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>amendements </span>aux <span class=\"_ _6f\"> </span>accords <span class=\"_ _4c\"> </span>transactionnels <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>certaines <span class=\"_ _4c\"> </span>associations <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>acheteurs indirects<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"></span>lesquels <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>associations <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>accept\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>restituer <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>part r\u00e9duite <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>parties <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>d\u00e9fense, <span class=\"_ _3\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, avec <span class=\"_ _37\"></span>exclusion <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>demandeurs <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>neuf <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>am\u00e9ricains <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ces <span class=\"_ _44\"> </span>accords transactionnels amend\u00e9s<span class=\"_ _0\"></span>.\ue61dAlors que les accords transactionnels amend\u00e9s ont re\u00e7u l\u2019<span class=\"_ _1\"></span>approbation finale du <span class=\"_ _3\"></span>\u00ab\ue61dUS <span class=\"_ _3b\"></span>District <span class=\"_ _3\"></span>Court\ue61d\u00bb, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>associations <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acheteurs <span class=\"_ _3b\"></span>indirects <span class=\"_ _3\"></span>exclues <span class=\"_ _3\"></span>(les \u00e9tats <span class=\"_ _37\"></span>dits <span class=\"_ _37\"></span>Omitted <span class=\"_ _37\"></span>Repealer <span class=\"_ _37\"></span>(\u00ab\ue61dORS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Non<span class=\"_ _3\"></span></span><span class=\"ffb56\">\u2011</span>Repealer <span class=\"_ _3b\"></span>(\u00ab\ue61dNRS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>ont fait <span class=\"_\"> </span>appel <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision, <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>que <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dUS <span class=\"_ _46\"> </span>District Court\ue61d\u00bb <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>rejeter <span class=\"_ _66\"> </span>leurs <span class=\"_ _6f\"> </span>demandes <span class=\"_ _4c\"> </span>d\u2019intervenir <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>proc\u00e9dure d\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>r\u00e8glement <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>litige <span class=\"_ _44\"> </span>multidistrict, <span class=\"_ _44\"> </span>devant <span class=\"_ _44\"></span>la <span class=\"_ _44\"></span>cour d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _46\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dNinth <span class=\"_ _46\"> </span>Circuit\ue61d\u00bb. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>22\ue61dseptembre <span class=\"_ _46\"> </span>2021, <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>Ninth <span class=\"_\"> </span>Circuit <span class=\"_ _46\"> </span>a confirm\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>d\u00e9cisions <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>District <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>ourt <span class=\"_ _65\"> </span>concernant <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>accords transactionnels <span class=\"_ _3\"></span>amend\u00e9s. <span class=\"_ _3\"></span><span class=\"ls69 ws69\">Et<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>le <span class=\"_ _3b\"></span>23\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Ninth <span class=\"_ _3\"></span>Circuit <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>rejet\u00e9 les <span class=\"_ _37\"></span>requ\u00eates <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>classes <span class=\"_ _37\"></span>ORS <span class=\"_ _44\"></span>et <span class=\"_ _3b\"></span>NRS <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>nouvelle <span class=\"_ _37\"></span>audition <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une nouvelle <span class=\"_ _3\"></span>audition <span class=\"_ _3b\"></span>\u00ab\ue61den <span class=\"_ _3b\"></span>banc\ue61d\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>classes <span class=\"_ _3b\"></span>ORS <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>NRS <span class=\"_ _3b\"></span>ont <span class=\"_ _3b\"></span>demand\u00e9 <span class=\"_ _3\"></span>une certiorari/r\u00e9vision <span class=\"_\"> </span>par <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Cour <span class=\"_\"> </span>supr\u00eame <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>\u00c9tats<span class=\"ffb56\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>refus\u00e9 <span class=\"_ _61\"> </span>la certiorari/r\u00e9vision <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>13\ue61djuin <span class=\"_ _37\"></span>2022. <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>n\u2019est <span class=\"_ _3b\"></span>maintenant <span class=\"_ _3b\"></span>techniquement plus <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les a\ue61caires <span class=\"_ _3\"></span>CRT<span class=\"_ _f\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>16\ue61dseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cependant, <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>motion visant <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>modifier <span class=\"_ _64\"> </span>une <span class=\"_ _60\"> </span>plainte <span class=\"_ _60\"> </span>collective <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>acheteurs <span class=\"_ _64\"> </span>indirects <span class=\"_ _61\"> </span>d\u00e9pos\u00e9e pr\u00e9c\u00e9demment a \u00e9t\u00e9 d\u00e9pos\u00e9e dans <span class=\"_ _3\"></span>le tribunal de district MDL <span class=\"_ _3\"></span>au nom des membres <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>classe <span class=\"_\"> </span>repr\u00e9sentant <span class=\"_\"> </span>plusieurs <span class=\"_\"> </span>\u00c9tats<span class=\"_ _0\"></span>. <span class=\"_\"> </span>La <span class=\"_\"> </span>plainte <span class=\"_ _46\"> </span>modifi\u00e9e propos\u00e9e <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>nomme <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tant <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>d\u00e9fendeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>all\u00e8gue <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>se <span class=\"_ _3\"></span>r\u00e9serve <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>droit <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>modifier <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>nouveau <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>plainte <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir <span class=\"_ _3\"></span>et de <span class=\"_ _61\"> </span>nommer <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>tant <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>d\u00e9fendeur<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>d\u00e9fendeurs <span class=\"_ _61\"> </span>qui <span class=\"_ _60\"> </span>sont nomm\u00e9s <span class=\"_ _3b\"></span>dans <span class=\"_ _37\"></span>cette <span class=\"_ _3b\"></span>proposition <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>plainte <span class=\"_ _3b\"></span>modifi\u00e9e <span class=\"_ _37\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>oppos\u00e9s <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la motion. <span class=\"ls4 ws4\">Le </span>District Court n\u2019<span class=\"_ _1\"></span>a pas encore statu\u00e9 sur cette question.Eur<span class=\"_ _0\"></span>opeDepuis <span class=\"_ _61\"> </span>2014, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>se <span class=\"_ _60\"> </span>d\u00e9fend <span class=\"_ _64\"> </span>\u00e9galement <span class=\"_ _60\"> </span>avec <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>d\u00e9fendeurs (Samsung, <span class=\"_ _60\"> </span><span class=\"ls7a ws7a\">LG<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>Philips, <span class=\"_ _60\"> </span><span class=\"ffb5d ls4 ws4\">etc.<span class=\"_ _3\"></span></span>), <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>plusieurs <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>justice <span class=\"_ _60\"> </span>devant diverses <span class=\"_ _3b\"></span>juridictions <span class=\"_ _37\"></span>nationales <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"></span></span>europ\u00e9ens. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>s\u2019agit <span class=\"_ _3b\"></span>principalement d\u2019<span class=\"_ _0\"></span>all\u00e9gation de pratiques anticoncurrentielles dans <span class=\"_ _3\"></span>l\u2019industrie des CRT dans le <span class=\"_ _3\"></span>sillage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Commission <span class=\"_ _3\"></span>Europ\u00e9enne <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2012 en <span class=\"_ _65\"> </span>vertu <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>laquelle <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>a <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>condamn\u00e9 <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>amende <span class=\"_ _66\"> </span>de 38,6\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>r\u00e9sultant <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>d\u2019entente<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>litiges <span class=\"_ _3b\"></span>toujours <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours sont les suivants<span class=\"_ _0\"></span>.Aux <span class=\"_ _37\"></span><span class=\"ls3 ws3\">Pa<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas, <span class=\"_ _37\"></span>une <span class=\"_ _44\"> </span>proc\u00e9dure <span class=\"_ _37\"></span>judiciaire <span class=\"_ _44\"></span>engag\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>V<span class=\"_ _f\"></span>estel, <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>fabricant turc <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>t\u00e9l\u00e9viseurs, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vertu <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3b\"></span>turque <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>toujours <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours. <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>estel <span class=\"_ _3\"></span>a \u00e9galement <span class=\"_ _61\"> </span>intent\u00e9 <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>poursuites <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>urquie, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>rejet\u00e9es <span class=\"_ _61\"> </span>en premi\u00e8re <span class=\"_ _44\"> </span>instance <span class=\"_\"> </span>puis <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>cour <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _44\"> </span>r\u00e9gionale <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9cembre\ue61f2020 ainsi <span class=\"_ _3\"></span>qu\u2019<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>f\u00e9vrier\ue61f2021. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>estel <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>port\u00e9 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>devant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>Supr\u00eame \u00e0 l\u2019<span class=\"_ _0\"></span>encontre de cette d\u00e9cision ayant rejet\u00e9 sa demande de f<span class=\"_ _0\"></span>aire appel.\u00c0 <span class=\"_ _3\"></span>ce <span class=\"_ _3b\"></span>stade, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>mesure <span class=\"_ _3\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluer <span class=\"_ _3b\"></span>l\u2019issue <span class=\"_ _3\"></span>\u00e9ventuelle <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces a\ue61eaires <span class=\"_ _3\"></span>ni <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>risques <span class=\"_ _3\"></span>encourus <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>raison <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>complexit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>proc\u00e9dures<span class=\"_ _0\"></span>. Selon <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>juridictions, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>d\u00e9cisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>responsabilit\u00e9 <span class=\"_ _3\"></span>puis, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>\u00e9ch\u00e9ant sur <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>dommages <span class=\"_\"> </span>ne <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>attendues <span class=\"_ _44\"> </span>avant <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>premier trimestre 2023.V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>se <span class=\"_ _61\"> </span>d\u00e9fendait <span class=\"_ _61\"> </span>\u00e9galement <span class=\"_ _61\"> </span>(i) <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>a\ue61eaire <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>Roy<span class=\"_ _0\"></span>aume<span class=\"ffb5e\">\u2011</span>Uni contre <span class=\"_ _44\"> </span>Arcelik, <span class=\"_ _44\"></span>un <span class=\"_ _44\"> </span>fabricant <span class=\"_ _44\"></span>turc, <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>transig\u00e9e <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>f\u00e9vrier\ue61f2020, <span class=\"_ _47\"> </span>(ii) deux <span class=\"_ _65\"> </span>litiges <span class=\"_ _65\"> </span>contre <span class=\"_ _65\"> </span>trois <span class=\"_ _65\"> </span>anciens <span class=\"_ _64\"> </span>fabricants <span class=\"_ _65\"> </span>allemands <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>t\u00e9l\u00e9viseurs (<span class=\"_ _0\"></span>Grundig <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>Loewe/Metz) en <span class=\"_ _3\"></span>vertu <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>droit allemand <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 transig\u00e9s en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2020, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(iii) <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>litiges <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span><span class=\"ls3 ws3\">Pay<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas <span class=\"_ _3b\"></span>contre <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>fabricants br\u00e9siliens <span class=\"_ _6c\"> </span>de <span class=\"_ _1c7\"> </span>t\u00e9l\u00e9viseurs <span class=\"_ _2a\"> </span>qui <span class=\"_ _2a\"> </span>ont <span class=\"_ _1c7\"> </span>\u00e9t\u00e9 <span class=\"_ _2a\"> </span>\u00e9galement <span class=\"_ _2a\"> </span>transig\u00e9s <span class=\"_ _2a\"> </span>en novembre\ue61f2021.Questions environnementalesCertains sites actuels et pass\u00e9s de fabrication du Gr<span class=\"_ _0\"></span>oupe ont un long pass\u00e9 industriel. Les <span class=\"_ _3\"></span>contaminations des <span class=\"_ _3\"></span>sols <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>eaux <span class=\"_ _3\"></span>souterraines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>se sont d\u00e9j\u00e0 produites <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>quelques sites, <span class=\"_ _3\"></span>pourraient se <span class=\"_ _3\"></span>produire \u00e0 <span class=\"_ _3\"></span>nouveau ou <span class=\"_ _3\"></span>\u00eatre d\u00e9couvertes <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir<span class=\"_ _1\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>rejets <span class=\"_ _3\"></span>industriels <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>que V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cr\u00e9\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>acquis <span class=\"_ _3b\"></span>exposent <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pollution. Le <span class=\"ls0 ws0\">Groupe a <span class=\"_ _3\"></span>identifi\u00e9 certains sites <span class=\"_ _3\"></span>dont la contamination chimique <span class=\"_ _3\"></span>a exig\u00e9 </span>ou <span class=\"ls4 ws4\">va </span>exiger la mise en \u0153uvre de mesures de d\u00e9pollution.Une <span class=\"_ _44\"> </span>contamination <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>sol <span class=\"_ _47\"> </span>et <span class=\"_ _44\"></span>des <span class=\"_ _44\"> </span>eaux <span class=\"_ _44\"> </span>souterraines <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>d\u00e9tect\u00e9e <span class=\"_ _44\"> </span>pr\u00e8s d\u2019un <span class=\"_ _44\"> </span>ancien <span class=\"_ _47\"> </span>site <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>fabrication, <span class=\"_ _44\"> </span>situ\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"></span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _44\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan) <span class=\"_ _44\"> </span>acquis <span class=\"_\"> </span>en\ue61f1987 dans le cadre d\u2019une op\u00e9ration entre Gener<span class=\"_ _0\"></span>al Electric (<span class=\"_ _0\"></span>GE) et <span class=\"_ _3\"></span>le Groupe<span class=\"_ _0\"></span>. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>1992, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>site <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>un promoteur <span class=\"_ _3b\"></span>local. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>d\u00e9pollution <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>sol <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 achev\u00e9e <span class=\"_ _2a\"> </span>en\ue61f1998. <span class=\"_ _1c7\"> </span>En\ue61f2002, <span class=\"_ _2a\"> </span>l\u2019<span class=\"_ _1\"></span>Agence <span class=\"_ _2a\"> </span>Locale <span class=\"_ _2a\"> </span>de <span class=\"_ _1c7\"> </span>Protection <span class=\"_ _2a\"> </span>de l\u2019Envir<span class=\"_ _0\"></span>onnement <span class=\"_ _61\"> </span>(\u00ab\ue61fALPE\ue61f\u00bb) <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>ordonn\u00e9 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>d\u00e9pollution <span class=\"_ _61\"> </span>des nappes <span class=\"_ _60\"> </span>phr\u00e9atiques <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ancien <span class=\"_ _64\"> </span>site<span class=\"_ _0\"></span>. <span class=\"_ _64\"> </span>Les <span class=\"_ _61\"> </span>travaux <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>satisfaire <span class=\"_ _60\"> </span>cette demande sont <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>ALPE <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT poursuivent <span class=\"_ _3\"></span>leurs <span class=\"_ _3\"></span>discussions sur <span class=\"_ _37\"></span>le <span class=\"_ _44\"></span>p\u00e9rim\u00e8tre <span class=\"_ _3b\"></span>des <span class=\"_ _44\"> </span>travaux <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _44\"> </span>engager<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>trouv\u00e9 <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>accord <span class=\"_ _37\"></span>avec GE <span class=\"_\"> </span>pour <span class=\"_\"> </span>se <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9partir <span class=\"_\"> </span>la <span class=\"_\"> </span>prise <span class=\"_\"> </span>en <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ge <span class=\"_\"> </span>des <span class=\"_\"> </span>travaux <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pollution <span class=\"_\"> </span>des nappes phr\u00e9atiques<span class=\"_ _0\"></span>.De <span class=\"_ _3\"></span><span class=\"ls0 ws0\">m\u00eame, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>vend ou <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vendu <span class=\"_ _3\"></span>dans le <span class=\"_ _3\"></span>pass\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>produits qui <span class=\"_ _3\"></span>sont </span>soumis <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>contraintes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recyclage, et, <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des changements <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9glementation <span class=\"_\"> </span>en <span class=\"_ _44\"></span>mati\u00e8re <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>recyclage <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>divers pays.Le <span class=\"_ _66\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _65\"> </span>estime <span class=\"_ _65\"> </span>que <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>montants <span class=\"_ _65\"> </span>provisionn\u00e9s <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>les <span class=\"_ _65\"> </span>garanties </span>contractuelles <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>il <span class=\"_ _37\"></span>dispose <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>contrats <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>de certains <span class=\"_ _64\"> </span>actifs <span class=\"_ _65\"> </span>industriels <span class=\"_ _64\"> </span>permettront <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>couvrir <span class=\"_ _64\"> </span>raisonnablement <span class=\"_ _65\"> </span>les obligations <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>s\u00e9curit\u00e9, <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>sant\u00e9 <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>environnement. <span class=\"_ _61\"> </span>Cependant, <span class=\"_ _61\"> </span>les probl\u00e8mes <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>pr\u00e9vus <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>certitude <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est pas <span class=\"_ _61\"> </span>possible <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>dire <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>montants <span class=\"_ _61\"> </span>provisionn\u00e9s <span class=\"_ _61\"> </span>seront <span class=\"_ _61\"> </span>parfaitement adapt\u00e9s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-213-5": {
   "value": "A<span class=\"_ _0\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploiIl <span class=\"_ _44\"> </span>existe <span class=\"_\"> </span>dans <span class=\"_ _44\"></span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>di\ue61f\u00e9rents <span class=\"_ _44\"> </span>r\u00e9gimes <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>etraite <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"></span>de certains <span class=\"_ _3\"></span>salari\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>vers\u00e9es <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>aux <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>contributions d\u00e9finies, c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire \u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>plans de <span class=\"_ _3\"></span>retraite dans <span class=\"_ _3\"></span>lesquels <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"ls4e ws4e\">paye </span>des contributions <span class=\"_ _3\"></span>fixes et n\u2019<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>plus aucune <span class=\"_ _3\"></span>obligation juridique <span class=\"_ _3\"></span>ou implicite de <span class=\"_ _3\"></span>payer des <span class=\"_ _3\"></span>contributions <span class=\"_ _3\"></span>compl\u00e9mentaires (par <span class=\"_ _3\"></span>exemple, si <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>fonds <span class=\"_ _3\"></span>ne d\u00e9tient <span class=\"_\"> </span>pas <span class=\"_\"> </span>su\ue61dsamment <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_\"> </span>pour <span class=\"_\"> </span>payer <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>tous <span class=\"_\"> </span>les <span class=\"_\"> </span>employ\u00e9s <span class=\"_\"> </span>les avantages <span class=\"_ _46\"> </span>acquis <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>cours <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>exercices <span class=\"_ _46\"> </span>pass\u00e9s <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>en<span class=\"ffae5\">\u2011</span>cours) <span class=\"_ _61\"> </span>- <span class=\"_ _61\"> </span>sont enregistr\u00e9es <span class=\"_ _44\"> </span>en <span class=\"_\"> </span>charges <span class=\"_\"> </span>quand <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>salari\u00e9s <span class=\"_\"> </span>ont <span class=\"_\"> </span>rendu <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_\"> </span>leur ouvrant droit \u00e0 ces contributions<span class=\"_ _0\"></span>.Les <span class=\"_ _64\"> </span>autres <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9gimes <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>retraite <span class=\"_ _64\"> </span>sont <span class=\"_ _65\"> </span>analys\u00e9s <span class=\"_ _64\"> </span>comme <span class=\"_ _65\"> </span>des <span class=\"_ _64\"> </span>plans <span class=\"_ _64\"> </span>\u00e0 prestations <span class=\"_ _44\"></span>d\u00e9finies <span class=\"_ _44\"> </span>(c\u2019<span class=\"_ _0\"></span>est-\u00e0-dire <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>plans <span class=\"_ _47\"> </span>de <span class=\"_ _44\"></span>retr<span class=\"_ _0\"></span>aite <span class=\"_ _47\"> </span>qui <span class=\"_ _44\"></span>pr\u00e9voient <span class=\"_ _37\"></span>un montant <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>prestation <span class=\"_ _65\"> </span>qu\u2019un <span class=\"_ _65\"> </span>employ\u00e9 <span class=\"_ _64\"> </span>recevra <span class=\"_ _65\"> </span>lors <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>retraite<span class=\"_ _0\"></span>, g\u00e9n\u00e9ralement <span class=\"_ _3\"></span>bas\u00e9 <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>un <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3\"></span>facteurs <span class=\"_ _3\"></span>tels <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e2ge, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>ann\u00e9es d\u2019<span class=\"_ _0\"></span>anciennet\u00e9 <span class=\"_ _3\"></span>et le <span class=\"_ _3\"></span>salaire) et <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>comptabilis\u00e9s au <span class=\"_ _3\"></span>bilan <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>d\u2019une \u00e9valuation actuarielle des engagements \u00e0 la date de cl\u00f4ture<span class=\"_ _0\"></span>.La <span class=\"_ _3b\"></span>m\u00e9thode <span class=\"_ _37\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _37\"></span>retenue <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>fond\u00e9e <span class=\"_ _37\"></span>sur <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>m\u00e9thode <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>unit\u00e9s de <span class=\"_ _37\"></span>cr\u00e9dit <span class=\"_ _3b\"></span>projet\u00e9es. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>actualis\u00e9e <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>obligations <span class=\"_ _37\"></span>du <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>est d\u00e9termin\u00e9e <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>hauteur <span class=\"_ _61\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>acquis <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>salari\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _46\"> </span>la <span class=\"_ _46\"> </span>date d\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>application <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>formule <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits <span class=\"_ _3\"></span>d\u00e9finie pour <span class=\"_ _46\"> </span>chaque <span class=\"_ _61\"> </span>r\u00e9gime. <span class=\"_\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9v<span class=\"_ _0\"></span>aluation <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>r\u00e9alis\u00e9e <span class=\"_\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_\"> </span>des actuaires <span class=\"_ _46\"> </span>ind\u00e9pendants <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>fonction <span class=\"_ _61\"> </span>d\u2019hypoth\u00e8ses <span class=\"_ _61\"> </span>d\u00e9mographiques <span class=\"_ _46\"> </span>et financi\u00e8res telles <span class=\"_ _3\"></span>que la <span class=\"_ _3\"></span>mortalit\u00e9, la rotation <span class=\"_ _3\"></span>du personnel, <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>\u00e9volution des salaires et les taux d\u2019<span class=\"_ _0\"></span>actualisation.La <span class=\"_ _44\"> </span>r\u00e9\u00e9valuation, <span class=\"_ _37\"></span>qui <span class=\"_ _47\"> </span>comprend <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>gains <span class=\"_ _44\"> </span>et <span class=\"_ _47\"> </span>pertes <span class=\"_ _44\"></span>actuariels, <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>e\ue61fet\ue61cdes modifications <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plafonnement <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(si <span class=\"_ _3b\"></span>applicable) <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>rendement des <span class=\"_ _37\"></span>actifs <span class=\"_ _37\"></span>(hors <span class=\"_ _37\"></span>int\u00e9r\u00eats), <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>comptabilis\u00e9e <span class=\"_ _37\"></span>imm\u00e9diatement <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>bilan <span class=\"_ _37\"></span>en contrepartie <span class=\"_\"> </span>d\u2019une <span class=\"_\"> </span>imputation <span class=\"_ _61\"> </span>dans <span class=\"_\"> </span>les <span class=\"_ _46\"> </span>\u00ab\ue61cAutres <span class=\"_\"> </span>\u00e9l\u00e9ments <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>r\u00e9sultat global\ue61c\u00bb <span class=\"_\"> </span>au <span class=\"_\"> </span>sein <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019\u00c9tat <span class=\"_\"> </span>du <span class=\"_\"> </span>R\u00e9sultat <span class=\"_\"> </span>Global <span class=\"_\"> </span>(ERG). <span class=\"_\"> </span>La <span class=\"_\"> </span>r\u00e9\u00e9valuation reconnue <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>ERG <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>re\ufb02\u00e9t\u00e9e <span class=\"_ _66\"> </span>imm\u00e9diatement <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>r\u00e9serves consolid\u00e9es et ne sera pas reclass\u00e9e en r<span class=\"_ _0\"></span>\u00e9sultat.Les <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3\"></span>relatifs <span class=\"_ _3\"></span>aux <span class=\"_ _3b\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>retraite <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>avantages <span class=\"_ _3b\"></span>assimil\u00e9s <span class=\"_ _3\"></span>sont class\u00e9s comme suit\ue61c:\u2022co\u00fbts <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>services <span class=\"_ _44\"> </span>(incluant <span class=\"_\"> </span>le <span class=\"_ _37\"></span>co\u00fbt <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>ser<span class=\"_ _3\"></span>vices <span class=\"_ _44\"> </span>rendus <span class=\"_ _44\"> </span>courants <span class=\"_ _44\"> </span>et pass\u00e9s <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>pertes <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>gains <span class=\"_ _3b\"></span>provenant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>modification <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>de liquidation de r\u00e9gimes) \u00e0 comptabiliser en r\u00e9sultat\ue61c;\u2022charges <span class=\"_ _60\"> </span>financi\u00e8res <span class=\"_ _60\"> </span>nette <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>produit <span class=\"_ _60\"> </span>financier <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>comptabiliser <span class=\"_ _61\"> </span>en r\u00e9sultat financier (note 8.5).Les co\u00fbts des ser<span class=\"_ _3\"></span>vices pass\u00e9s sont <span class=\"_ _3\"></span>comptabilis\u00e9s en charges sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>exercice o\u00f9 a lieu la modification de r\u00e9gimes<span class=\"_ _0\"></span>.Le <span class=\"_ _46\"> </span><span class=\"ls0 ws0\">co\u00fbt <span class=\"_ _61\"> </span>financier <span class=\"_\"> </span>est <span class=\"_ _61\"> </span>calcul\u00e9 <span class=\"_\"> </span>en <span class=\"_ _46\"> </span>appliquant <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>taux <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _46\"> </span>au </span>d\u00e9but <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>l\u2019ex<span class=\"_ _0\"></span>ercice <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _65\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aux <span class=\"_ _65\"> </span>actifs <span class=\"_ _65\"> </span>de couverture<span class=\"_ _0\"></span>.La <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>retraite <span class=\"_ _64\"> </span>et <span class=\"_ _65\"> </span>avantages <span class=\"_ _65\"> </span>assimil\u00e9s <span class=\"_ _65\"> </span>inscrite <span class=\"_ _64\"> </span>au <span class=\"_ _65\"> </span>bilan repr\u00e9sente le d\u00e9ficit ou l\u2019<span class=\"_ _0\"></span>exc\u00e9dent entre la v<span class=\"_ _0\"></span>aleur actualis\u00e9e de l\u2019obligation au <span class=\"_ _37\"></span>titre <span class=\"_ _44\"> </span>des <span class=\"_ _44\"></span>prestations <span class=\"_ _37\"></span>d\u00e9finies <span class=\"_ _44\"> </span>et <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>juste <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"></span>des <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"></span>du <span class=\"_ _37\"></span>r\u00e9gime. T<span class=\"_ _23\"></span>out <span class=\"_ _3\"></span>exc\u00e9dent provenant de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>calcul est <span class=\"_ _3\"></span>plafonn\u00e9 <span class=\"_ _3\"></span>\u00e0 hauteur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur actualis\u00e9e <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>prestations <span class=\"_ _3b\"></span>disponibles <span class=\"_ _37\"></span>sous <span class=\"_ _3b\"></span>forme <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>restitution <span class=\"_ _37\"></span>du <span class=\"_ _3b\"></span>plan ou de r\u00e9duction des contributions futures \u00e0 verser au plan.Autres avantages au personnel \u00e0 long termeDes <span class=\"_ _3\"></span>indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>cessation <span class=\"_ _3b\"></span>d\u2019emploi <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>comptabilis\u00e9es\ue61cau <span class=\"_ _3b\"></span>passif <span class=\"_ _3b\"></span>d\u00e8s que l\u2019<span class=\"_ _0\"></span>entit\u00e9 <span class=\"_ _3\"></span>ne peut plus <span class=\"_ _3\"></span>retirer d\u2019<span class=\"_ _0\"></span>o\ue61fre d\u2019indemnit\u00e9s de <span class=\"_ _3\"></span>cessation d\u2019<span class=\"_ _0\"></span>emploi ou <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>l\u2019entit\u00e9 <span class=\"_ _3\"></span>reconnait <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>co\u00fbts <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>restructuration. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>engagements au <span class=\"_ _3\"></span>titre des <span class=\"_ _3\"></span>autres <span class=\"_ _3\"></span>avantages <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>long <span class=\"_ _3\"></span>terme <span class=\"_ _3\"></span>(par <span class=\"_ _3\"></span>exemple les <span class=\"_ _3\"></span>m\u00e9dailles <span class=\"_ _3\"></span>du travail) sont <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3b\"></span>\u00e9valu\u00e9s sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>base <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>m\u00e9thodes <span class=\"_ _3\"></span>actuarielles. Les \u00e9carts <span class=\"_ _6\"> </span>actuariels <span class=\"_ _1a\"> </span>sur <span class=\"_ _6\"> </span>ces <span class=\"_ _1a\"> </span>engagements <span class=\"_ _6\"> </span>sont <span class=\"_ _1a\"> </span>comptabilis\u00e9s imm\u00e9diatement en r\u00e9sultat.Les <span class=\"_ _44\"> </span>engagements <span class=\"_ _44\"> </span>li\u00e9s <span class=\"_\"> </span>aux <span class=\"_ _44\"> </span>autres <span class=\"_ _44\"> </span>avantages <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>long <span class=\"_ _44\"> </span>terme <span class=\"_ _44\"> </span>ne <span class=\"_\"> </span>sont <span class=\"_ _44\"> </span>pas pr\u00e9sent\u00e9s <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _61\"> </span>provision <span class=\"_ _61\"> </span>pour <span class=\"_ _60\"> </span>retraites <span class=\"_ _61\"> </span>mais <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>sein <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>la provision pour restructur<span class=\"_ _0\"></span>ation ou des autres dettes.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLa <span class=\"_ _64\"> </span>d\u00e9termination <span class=\"_ _65\"> </span>p<span class=\"_ _0\"></span>ar <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>provision <span class=\"_ _64\"> </span>pour <span class=\"_ _64\"> </span>retraites <span class=\"_ _64\"> </span>et avantages <span class=\"_ _3\"></span>assimil\u00e9s <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>charges <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>d\u00e9pendante <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>hypoth\u00e8ses utilis\u00e9es <span class=\"_\"> </span>par <span class=\"_\"> </span>les <span class=\"_\"> </span>actuaires <span class=\"_\"> </span>pour <span class=\"_\"> </span>d\u00e9terminer <span class=\"_ _46\"> </span>les <span class=\"_\"> </span>valeurs <span class=\"_\"> </span>actuarielles <span class=\"_\"> </span>des obligations. <span class=\"_ _6b\"> </span>Ces <span class=\"_ _6c\"> </span>hypoth\u00e8ses <span class=\"_ _6c\"> </span>incluent <span class=\"_ _6b\"> </span>parmi <span class=\"_ _6c\"> </span>d\u2019<span class=\"_ _0\"></span>autres, <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>taux <span class=\"_ _65\"> </span>d\u2019<span class=\"_ _0\"></span>augmentation <span class=\"_ _65\"> </span>annuelle <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>prestations futures<span class=\"_ _0\"></span>. <span class=\"_\"> </span>Les <span class=\"_\"> </span>hypoth\u00e8ses <span class=\"_\"> </span>retenues <span class=\"_\"> </span>pour <span class=\"_\"> </span>le <span class=\"_\"> </span>calcul <span class=\"_\"> </span>des <span class=\"_\"> </span>engagements <span class=\"_\"> </span>de retraites <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>avantages <span class=\"_ _60\"> </span>assimil\u00e9s <span class=\"_ _64\"> </span>sont <span class=\"_ _64\"> </span>d\u00e9termin\u00e9es <span class=\"_ _60\"> </span>en <span class=\"_ _64\"> </span>se <span class=\"_ _64\"> </span>basant <span class=\"_ _60\"> </span>sur l\u2019<span class=\"_ _0\"></span>exp\u00e9rience du Groupe et sur des donn\u00e9es externes.Le <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3\"></span>est <span class=\"_ _3b\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>risques <span class=\"_ _3b\"></span>actuariels <span class=\"_ _3b\"></span>tels <span class=\"_ _3\"></span>que <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>risque <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>taux </span>d\u2019int\u00e9r\u00eat, le <span class=\"_ _3\"></span>risque <span class=\"_ _3\"></span>d\u2019investissement et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>risque de <span class=\"_ _3\"></span>long\u00e9vit\u00e9. La <span class=\"_ _3\"></span>provision pour <span class=\"_ _3b\"></span>retraites <span class=\"_ _37\"></span>et <span class=\"_ _3b\"></span>avantages <span class=\"_ _37\"></span>assimil\u00e9s <span class=\"_ _37\"></span>est <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>un <span class=\"_ _37\"></span>taux <span class=\"_ _37\"></span>d\u00e9termin\u00e9 par <span class=\"_ _44\"> </span>r\u00e9f\u00e9rence <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>rendement, <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9valuation, <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>obligations \u00e9mises <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>entreprises <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>premier <span class=\"_ _3b\"></span>rang. <span class=\"_ _3\"></span>Les <span class=\"_ _3b\"></span>march\u00e9s <span class=\"_ _3\"></span>financiers <span class=\"_ _3b\"></span>sont soumis \u00e0 des variations qui ont comme e\ue61fet la baisse/hausse des cours et une augmentation de <span class=\"_ _3\"></span>la volatilit\u00e9. La Direction du Groupe estime que <span class=\"_ _3\"></span>les taux <span class=\"_ _3b\"></span>utilis\u00e9s <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>ad\u00e9quats. <span class=\"_ _3b\"></span>Cependant <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>di\ue61f\u00e9rences <span class=\"_ _3b\"></span>futures <span class=\"_ _3b\"></span>entre <span class=\"_ _3b\"></span>les hypoth\u00e8ses retenues <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>les valeurs <span class=\"_ _3\"></span>futures observ\u00e9es <span class=\"_ _3\"></span>peuvent a\ue61fecter <span class=\"_ _3\"></span>de mani\u00e8re <span class=\"_ _3\"></span>significative <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>engagement <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>termes <span class=\"_ _3b\"></span>de retraites <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>avantages <span class=\"_ _3b\"></span>post\u00e9rieurs <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>emploi <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>charges <span class=\"_ _3b\"></span>a\ue61f\u00e9rentes <span class=\"_ _3\"></span>\u00e0 ces engagements.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-228-3": {
   "value": "9.<span class=\"_ _3b\"></span>3<span class=\"_ _25\"> </span><span class=\"ls0 ws0\">Paiements sur la b<span class=\"_ _0\"></span>ase d\u2019<span class=\"_ _0\"></span>actions</span>Le <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>peut <span class=\"_ _37\"> </span>accorder <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>r\u00e9mun\u00e9rations <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>base <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _37\"></span>dont certaines <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>r\u00e9gl\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>instruments <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>en tr\u00e9sorerie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En </span>application <span class=\"_ _3\"></span>d\u2019IFRS\ue61f2, l\u2019<span class=\"_ _0\"></span>avantage accord\u00e9 aux <span class=\"_ _3\"></span>salari\u00e9s au titre des <span class=\"_ _3b\"></span>plans <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>stock<span class=\"ffb1e\">\u2011</span>options <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>d\u2019actions <span class=\"_ _3\"></span>gratuites, <span class=\"_ _3\"></span>\u00e9valu\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3b\"></span>de l\u2019<span class=\"_ _0\"></span>attribution de l\u2019<span class=\"_ _0\"></span>option, constitue un compl\u00e9ment de r\u00e9mun\u00e9ration.Les <span class=\"_\"> </span>plans <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>attributions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_\"> </span>capitaux propres <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur des <span class=\"_ _46\"> </span>instruments <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>accord\u00e9s. <span class=\"_\"> </span>Ils <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9s comme <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel, <span class=\"_ _3\"></span>lin\u00e9airement <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition des <span class=\"_\"> </span>dr<span class=\"_ _0\"></span>oits, <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>prenant <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>compte <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>nombre d\u2019instruments qui seront acquis \u00e0 la fin de la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition.P<span class=\"_ _0\"></span>our <span class=\"_\"> </span>les <span class=\"_ _47\"> </span>plans <span class=\"_ _44\"> </span>d\u2019attribution <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_ _47\"> </span>en <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>dette correspondant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>part <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>biens <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>services <span class=\"_\"> </span>re\u00e7us <span class=\"_ _37\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est comptabilis\u00e9e <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _61\"> </span>biens <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>services, <span class=\"_ _61\"> </span>et, <span class=\"_ _61\"> </span>est recalcul\u00e9e \u00e0 chaque date de cl\u00f4ture avec les changements de juste valeur enregistr\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>sein <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>\u00ab\ue61fAutres produits (charges) <span class=\"_ _3\"></span>financiers\ue61fnets\ue61f\u00bb. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De <span class=\"_ _3\"></span></span>plus, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>bas\u00e9s sur <span class=\"_ _3\"></span>des conditions <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>performance <span class=\"_ _61\"> </span>hors <span class=\"_ _61\"> </span>march\u00e9, <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>probabilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9aliser <span class=\"_ _61\"> </span>la performance <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>estim\u00e9e <span class=\"_ _61\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>charge <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>ajust\u00e9e <span class=\"_ _61\"> </span>en cons\u00e9quence.La <span class=\"_ _66\"> </span>juste <span class=\"_ _4c\"> </span>valeur <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>instruments, <span class=\"_ _4c\"> </span>et <span class=\"_ _66\"> </span>particuli\u00e8rement <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>options attribu\u00e9es, <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>utilisant <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>un <span class=\"_ _64\"> </span>mod\u00e8le <span class=\"_ _64\"> </span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3b\"></span>binomial, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>mod\u00e8le <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>Black&amp;Scholes, <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>prend en <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>r\u00e9estimation <span class=\"_ _61\"> </span>annuelle <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>nombre <span class=\"_ _61\"> </span>attendu <span class=\"_ _60\"> </span>d\u2019options exer\u00e7ables<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Le </span>mod\u00e8le de Black&amp;Scholes peut \u00e9galement \u00eatre utilis\u00e9 pour \u00e9valuer <span class=\"_\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>attributions <span class=\"_\"> </span>soumises <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>certaines <span class=\"_ _61\"> </span>conditions <span class=\"_ _46\"> </span>de march\u00e9<span class=\"_ _0\"></span>.9<span class=\"_ _1\"></span>.3.<span class=\"_ _0\"></span>1<span class=\"_ _1d0\"> </span>Plans de <span class=\"ffb1f\">stock</span>\u2011options<span class=\"ffb1b\"> et actions ordinair<span class=\"_ _0\"></span>es </span>accord\u00e9s par V<span class=\"_ _23\"></span>antivaPlan d\u2019int\u00e9ressement du management \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actionnaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>23\ue61fmai <span class=\"_ _3b\"></span>2013, <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>quinzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>autoris\u00e9 <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>attribution, en <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>plusieurs <span class=\"_ _3b\"></span>fois, <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>fran\u00e7aises <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>\u00e9trang\u00e8res<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>achat <span class=\"_ _3\"></span>ou de <span class=\"_ _3\"></span>souscription <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actions. <span class=\"_ _3\"></span>Cette <span class=\"_ _3\"></span>autorisation <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>dur\u00e9e de <span class=\"_ _3b\"></span>38 <span class=\"_ _37\"></span>mois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _37\"></span>23\ue61fjuillet <span class=\"_ _3b\"></span>2016. <span class=\"_ _37\"></span>Les <span class=\"_ _3b\"></span>options <span class=\"_ _37\"></span>attribu\u00e9es <span class=\"_ _3b\"></span>au <span class=\"_ _37\"></span>titre <span class=\"_ _3b\"></span>de cette <span class=\"_ _64\"> </span>autorisation <span class=\"_ _64\"> </span>ne <span class=\"_ _64\"> </span>pouvaient <span class=\"_ _64\"> </span>donner <span class=\"_ _60\"> </span>droit <span class=\"_ _64\"> </span>\u00e0 <span class=\"_ _64\"> </span>un <span class=\"_ _64\"> </span>nombre <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actions sup\u00e9rieur \u00e0 994\ue61f204 <span class=\"_ _3\"></span>(soit, avec prise en compte <span class=\"_ _3\"></span>du regroupement d\u2019<span class=\"_ _0\"></span>actions intervenu <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>2020, <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 <span class=\"_ _3b\"></span>repr\u00e9sentant 8\ue61f% <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>capital <span class=\"_ _3\"></span>social <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date de l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e g\u00e9n\u00e9rale du 23\ue61fmai 2013).Le <span class=\"_ _61\"> </span>Directeur <span class=\"_ _61\"> </span>g\u00e9n\u00e9ral, <span class=\"_ _46\"> </span>agissant <span class=\"_ _60\"> </span>sur <span class=\"_ _61\"> </span>d\u00e9l\u00e9gation <span class=\"_ _61\"> </span>octroy\u00e9e <span class=\"_ _61\"> </span>par <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>lors <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>sa <span class=\"_ _3b\"></span>r\u00e9union en <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>22\ue61fseptembre <span class=\"_ _3b\"></span>2022, <span class=\"_ _3b\"></span>afin <span class=\"_ _3b\"></span>de pr\u00e9server <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>droits <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>titulaires <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>Options <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>l\u2019issue <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution, <span class=\"_ _37\"> </span>a d\u00e9cid\u00e9 <span class=\"_\"> </span>de <span class=\"_\"> </span>proc\u00e9der <span class=\"_\"> </span>comme <span class=\"_\"> </span>suit <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>ajustement <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>des <span class=\"_\"> </span>titulaires d\u2019<span class=\"_ _0\"></span>Options n\u2019<span class=\"_ _0\"></span>ayant pas exer<span class=\"_ _0\"></span>c\u00e9 leurs Options avant le 6\ue61fseptembre 2022\ue61f:\u2022Management <span class=\"_ _60\"> </span>Incentive <span class=\"_ _60\"> </span>Plan<span class=\"_ _64\"> </span> juin\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _60\"> </span>appliquant <span class=\"_ _64\"> </span>un <span class=\"_ _60\"> </span>coefficient modifi\u00e9 <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>2,62239944, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>prix <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>options <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>modifi\u00e9 <span class=\"_ _44\"> </span>et s\u2019<span class=\"_ _0\"></span>\u00e9l\u00e8ve <span class=\"_ _44\"> </span>d\u00e9sormais <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>60,54\ue61feuros<span class=\"_ _0\"></span>, <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Soci\u00e9t\u00e9 sous <span class=\"_\"> </span>options <span class=\"_\"> </span>existantes <span class=\"_\"> </span>(une <span class=\"_\"> </span>option pour <span class=\"_\"> </span>une <span class=\"_\"> </span>action) <span class=\"_\"> </span>a <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_\"> </span>ajust\u00e9 <span class=\"_\"> </span>\u00e0 10\ue61f083\ue61f;\u2022Management <span class=\"_ _64\"> </span>Incentive <span class=\"_ _64\"> </span>Plan<span class=\"_ _64\"> </span> octobre\ue61f2017\ue61f: <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>appliquant <span class=\"_ _64\"> </span>le <span class=\"_ _65\"> </span>m\u00eame coefficient modifi\u00e9, le <span class=\"_ _3\"></span>prix <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>exercice des <span class=\"_ _3\"></span>options a <span class=\"_ _3\"></span>\u00e9t\u00e9 modifi\u00e9 <span class=\"_ _3\"></span>et s\u2019\u00e9l\u00e8ve d\u00e9sormais \u00e0 73,<span class=\"_ _3\"></span>21\ue61feuros<span class=\"_ _0\"></span>, et <span class=\"_ _3\"></span>le nombre d\u2019<span class=\"_ _0\"></span>actions de <span class=\"_ _3\"></span>la Soci\u00e9t\u00e9 sous option existantes est d\u00e9sormais de 47\ue61f587<span class=\"_ _1\"></span>.Au <span class=\"_ _3\"></span>31\ue61fd\u00e9cembre 2022, <span class=\"_ _3\"></span>7\ue61f563 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>23\ue61f800 <span class=\"_ _3\"></span>options <span class=\"_ _3\"></span>li\u00e9es respectivement <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>MIP juin\ue61f2017 et MIP octobre\ue61f2017 sont toujours en circulation.Les <span class=\"_ _61\"> </span>options <span class=\"_ _60\"> </span>relatives <span class=\"_ _61\"> </span>au <span class=\"_ _60\"> </span>plan <span class=\"_ _60\"> </span>MIP <span class=\"_ _60\"> </span>2016 <span class=\"_ _61\"> </span>ont <span class=\"_ _60\"> </span>\u00e9t\u00e9 <span class=\"_ _60\"> </span>annul\u00e9es <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>fait <span class=\"_ _61\"> </span>de l\u2019<span class=\"_ _0\"></span>expiration du plan en juin et octobre\ue61f2022.Plan d\u2019int\u00e9ressement \u00e0 long terme 2019<span class=\"ffb1e\">\u202f</span>: \u00ab\ue61f2019\ue61fLong\ue61fT<span class=\"_ _45\"></span>erm\ue61fIncentive\ue61fPlan (L<span class=\"_ _f\"></span>TIP 2019)\ue61f\u00bbL<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _64\"> </span>g\u00e9n\u00e9rale <span class=\"_ _64\"> </span>du\ue61f14\ue61fjuin <span class=\"_ _64\"> </span>2019<span class=\"_ _0\"></span>, <span class=\"_ _64\"> </span>dans <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vingti\u00e8me\ue61fr\u00e9solution, <span class=\"_ _64\"> </span>a autoris\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>attribuer <span class=\"_ _44\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>existantes <span class=\"_\"> </span>ou des <span class=\"_ _37\"></span>actions <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>en <span class=\"_ _37\"></span>faveur <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>salari\u00e9s <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_ _3b\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>certaines cat\u00e9gories <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>salari\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _37\"> </span>autorisation <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>donn\u00e9e <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"> </span>une <span class=\"_ _37\"> </span>p\u00e9riode de\ue61f12\ue61fmois, <span class=\"_ _3b\"></span>soit <span class=\"_ _37\"></span>jusqu\u2019<span class=\"_ _0\"></span>au\ue61f13\ue61fjuin <span class=\"_ _37\"></span>2020, <span class=\"_ _37\"></span>les <span class=\"_ _3b\"></span>actions <span class=\"_ _37\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>vertu <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la pr\u00e9sente autorisation <span class=\"_ _3\"></span>ne\ue61fpouvant pas <span class=\"_ _3\"></span>d\u00e9passer <span class=\"_ _3\"></span>3\ue61f000\ue61f000, soit <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>quotit\u00e9 r\u00e9ajust\u00e9e de 111\ue61f111 actions apr\u00e8s op\u00e9r<span class=\"_ _0\"></span>ations de regroupement.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette\ue61fautorisation <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>sur <span class=\"_ _46\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a approuv\u00e9 le\ue61f14\ue61fjuin <span class=\"_ _3\"></span>2019\ue61fla mise en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3b\"></span>Plan <span class=\"_ _37\"></span>d\u2019int\u00e9ressement <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>management <span class=\"_ _3b\"></span>(L<span class=\"_ _1\"></span>TIP 2019).Ce <span class=\"_ _3\"></span><span class=\"ls0 ws0\">plan, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>\u00e9tale <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>une <span class=\"_ _3\"></span>p\u00e9riode <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>trois <span class=\"_ _3\"></span>ann\u00e9es, pr\u00e9voit <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3\"></span>de </span>droits <span class=\"_ _60\"> </span>conditionnels <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _64\"> </span>recev<span class=\"_ _0\"></span>oir <span class=\"_ _64\"> </span>des <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>gratuites <span class=\"_ _60\"> </span>dont <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _1\"></span>acquisition d\u00e9finitive <span class=\"_ _65\"> </span>est <span class=\"_ _66\"> </span>conditionn\u00e9e <span class=\"_ _66\"> </span>au\ue61frespect <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>la <span class=\"_ _66\"> </span>condition <span class=\"_ _65\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan jusqu\u2019<span class=\"_ _1\"></span>au\ue61f14\ue61fjuin 2022.Sur <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>fondement <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>sur recommandation <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 <span class=\"_ _3b\"></span>r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3b\"></span>du 30\ue61fjanvier <span class=\"_\"> </span>2020 <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>attribu\u00e9 <span class=\"_ _46\"> </span>en <span class=\"_ _61\"> </span>plusieurs <span class=\"_\"> </span>fois, <span class=\"_ _46\"> </span>entre <span class=\"_\"> </span>le <span class=\"_ _61\"> </span>14\ue61fjuin <span class=\"_\"> </span>2019 <span class=\"_ _61\"> </span>et <span class=\"_\"> </span>le 20\ue61fjanvier <span class=\"_\"> </span>2020, <span class=\"_ _44\"> </span>un <span class=\"_\"> </span>nombre <span class=\"_ _44\"> </span>total <span class=\"_\"> </span>de <span class=\"_\"> </span>2\ue61f907\ue61f000 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>recevoir <span class=\"_\"> </span>autant d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _60\"> </span>gratuites, <span class=\"_ _61\"> </span>soit <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>quotit\u00e9 <span class=\"_ _60\"> </span>r\u00e9ajust\u00e9e <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>107\ue61f601 <span class=\"_ _60\"> </span>droits <span class=\"_ _60\"> </span>apr\u00e8s regroupement d\u2019<span class=\"_ _1\"></span>actions.Ce <span class=\"ls0 ws0\">plan est arriv\u00e9 \u00e0 \u00e9ch\u00e9ance le 14\ue61fjuin 2022.</span>Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">19\ue61fseptembre 2022, <span class=\"_ _3\"></span>agissant <span class=\"_ _3\"></span>sur d\u00e9l\u00e9gation <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>Conseil d\u2019administr<span class=\"_ _0\"></span>ation, </span>le <span class=\"_ _3\"></span>Directeur g\u00e9n\u00e9ral <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>proc\u00e9d\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>livraison <span class=\"_ _3\"></span>di\ue61d\u00e9r\u00e9e <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>actions <span class=\"_ _3\"></span>attribu\u00e9es gratuitement <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>cadre <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _37\"></span>2019 <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>d\u00e9finitivement <span class=\"_ _3b\"></span>acquises, pr\u00e9alablement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_\"> </span>intervenue <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>27\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022. <span class=\"_ _44\"> </span>A <span class=\"_\"> </span>cet e\ue61det, 78\ue61f637 actions <span class=\"_ _3\"></span>nouvelles ont \u00e9t\u00e9 <span class=\"_ _3\"></span>\u00e9mises et livr\u00e9es <span class=\"_ _3\"></span>aux b\u00e9n\u00e9ficiaires du plan L<span class=\"_ _f\"></span>TIP 2019.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2020 (L<span class=\"_ _f\"></span>TIP 2020)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, a <span class=\"_ _44\"> </span>autoris\u00e9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _47\"> </span>\u00e0 <span class=\"_ _44\"> </span>proc\u00e9der <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actions existantes <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>\u00e9mettre, <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>profit <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>qu\u2019il <span class=\"_ _3\"></span>d\u00e9terminera <span class=\"_ _3b\"></span>parmi les <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>et/ou <span class=\"_\"> </span>mandataires <span class=\"_ _44\"> </span>sociaux <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>Soci\u00e9t\u00e9 <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>soci\u00e9t\u00e9s <span class=\"_\"> </span>ou groupements <span class=\"_ _37\"></span>qui <span class=\"_ _44\"> </span>lui <span class=\"_ _37\"></span>sont <span class=\"_ _44\"> </span>li\u00e9s. <span class=\"_ _3b\"></span>Cette <span class=\"_ _44\"> </span>autorisation <span class=\"_ _37\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _37\"> </span>donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _37\"> </span>une dur\u00e9e de <span class=\"_ _3\"></span>36 <span class=\"_ _3\"></span>mois <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>valable <span class=\"_ _3\"></span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _3\"></span>30\ue61fjuin <span class=\"_ _3\"></span>2023. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>droits \u00e0 <span class=\"_ _3\"></span>attribuer en <span class=\"_ _3\"></span>vertu de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pr\u00e9sente <span class=\"_ _3\"></span>autorisation ne <span class=\"_ _3\"></span>pourront <span class=\"_ _3\"></span>donner <span class=\"_ _3\"></span>droit \u00e0 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _44\"> </span>sup\u00e9rieur <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>3,6\ue61f% <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>capital <span class=\"_ _44\"> </span>social <span class=\"_ _44\"> </span>tel <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>constat\u00e9 <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>date <span class=\"_ _44\"> </span>\u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>17\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2020 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"></span>en <span class=\"_ _3b\"></span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>long <span class=\"_ _37\"></span>terme <span class=\"_ _37\"></span>2020 <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>attribu\u00e9 2\ue61f829\ue61f146 <span class=\"_\"> </span>droits <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>actions <span class=\"_\"> </span>gratuites. <span class=\"_\"> </span>Ces <span class=\"_ _46\"> </span>plans <span class=\"_ _46\"> </span>triennaux <span class=\"_ _61\"> </span>conf\u00e8rent <span class=\"_\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>droits <span class=\"_ _6f\"> </span>conditionnels <span class=\"_ _4c\"> </span>de <span class=\"_ _6f\"> </span>recevoir <span class=\"_ _4c\"> </span>des <span class=\"_ _4c\"> </span>Actions <span class=\"_ _4c\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _61\"> </span>dont <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>livraison <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>subordonn\u00e9e <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>satisfaction <span class=\"_ _61\"> </span>d\u2019une condition <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _44\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _44\"> </span>(soit <span class=\"_ _44\"> </span>initialement jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _65\"> </span>17\ue61fd\u00e9cembre <span class=\"_ _64\"> </span>2023) <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>r\u00e9alisation <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>deux <span class=\"_ _64\"> </span>conditions <span class=\"_ _65\"> </span>de performance, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>condition <span class=\"_\"> </span>de <span class=\"_\"> </span>performance <span class=\"_\"> </span>interne <span class=\"_ _44\"> </span>assise <span class=\"_\"> </span>sur <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>atteinte d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _61\"> </span>d\u2019EBIT<span class=\"_ _0\"></span>A <span class=\"_ _61\"> </span>cumul\u00e9 <span class=\"_ _60\"> </span>et <span class=\"_ _61\"> </span>une <span class=\"_ _60\"> </span>condition <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>performance <span class=\"_ _60\"> </span>externe assise <span class=\"_ _3\"></span>sur un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>actionnaires jusqu\u2019\u00e0 la <span class=\"_ _3\"></span>fin de <span class=\"_ _3b\"></span>2022. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>est <span class=\"_ _3b\"></span>pr\u00e9cis\u00e9 <span class=\"_ _3b\"></span>toutefois <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>754\ue61f656 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces <span class=\"_ _37\"></span>droits <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>portent <span class=\"_ _3b\"></span>pas sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>Actions <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>Performance <span class=\"_ _3\"></span>mais <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>actions <span class=\"_ _3b\"></span>gratuites <span class=\"_ _3\"></span>attribu\u00e9s <span class=\"_ _3b\"></span>\u00e0 des <span class=\"_ _61\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _60\"> </span>qui <span class=\"_ _60\"> </span>ne <span class=\"_ _61\"> </span>font <span class=\"_ _60\"> </span>pas <span class=\"_ _60\"> </span>partie <span class=\"_ _61\"> </span>du <span class=\"_ _60\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>dont l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _4c\"> </span>d\u00e9finitive <span class=\"_ _66\"> </span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _4c\"> </span>soumise <span class=\"_ _4c\"> </span>qu\u2019<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _66\"> </span>la <span class=\"_ _4c\"> </span>condition <span class=\"_ _4c\"> </span>de <span class=\"_ _66\"> </span>pr\u00e9sence ininterrompue pendant toute la dur\u00e9e du Plan.Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _44\"> </span>Conseil <span class=\"_ _44\"> </span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>24\ue61fmars <span class=\"_ _44\"> </span>2021 <span class=\"_ _47\"> </span>a <span class=\"_ _44\"> </span>proc\u00e9d\u00e9 <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>attribution <span class=\"_\"> </span>de 1\ue61f424\ue61f899 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>performance <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>b\u00e9n\u00e9fice <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>membres <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb27\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _3\"></span>commen\u00e7ant \u00e0 <span class=\"_ _3\"></span>la date <span class=\"_ _3\"></span>de l\u2019attribution, devait prendre fin <span class=\"_\"> </span>\u00e9galement <span class=\"_ _44\"> </span>\u00e0 <span class=\"_\"> </span>son <span class=\"_ _44\"> </span>troisi\u00e8me <span class=\"_\"> </span>anniversaire <span class=\"_ _44\"> </span>(soit <span class=\"_\"> </span>initialement <span class=\"_ _47\"> </span>au <span class=\"_ _44\"> </span>24\ue61fmars 2024).D<span class=\"_ _0\"></span>ans <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>contexte <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>Distribution, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>fid\u00e9liser <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>ces plans <span class=\"_ _65\"> </span>et <span class=\"_ _64\"> </span>aligner <span class=\"_ _65\"> </span>leurs <span class=\"_ _64\"> </span>int\u00e9r\u00eats <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>celui <span class=\"_ _64\"> </span>des <span class=\"_ _65\"> </span>actionnaires<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>le <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>onseil d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _66\"> </span>a <span class=\"_ _4c\"> </span>souhait\u00e9 <span class=\"_ _4c\"> </span>anticiper <span class=\"_ _66\"> </span>de <span class=\"_ _4c\"> </span>quelques <span class=\"_ _4c\"> </span>mois <span class=\"_ _66\"> </span>l\u2019acquisition d\u00e9finitive <span class=\"_\"> </span>des <span class=\"_\"> </span>actions <span class=\"_\"> </span>attribu\u00e9es <span class=\"_\"> </span>au <span class=\"_\"> </span>titre <span class=\"_\"> </span>de <span class=\"_\"> </span>ce <span class=\"_\"> </span>plan, <span class=\"_\"> </span>cette <span class=\"_\"> </span>modification devant <span class=\"_ _37\"> </span>permettre <span class=\"_ _44\"> </span>aux <span class=\"_ _44\"> </span>attributaires <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>b\u00e9n\u00e9ficier <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>Distribution <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>de recevoir <span class=\"_ _3b\"></span>ainsi <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>actions <span class=\"_ _3b\"></span>T<span class=\"_ _f\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3b\"></span>Studios <span class=\"_ _37\"> </span>au moment <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>sa mise en \u0153uvre<span class=\"_ _0\"></span>.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>douzi\u00e8me <span class=\"_ _66\"> </span>r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>titre <span class=\"_ _65\"> </span>extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _65\"> </span>a approuv\u00e9 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>modification <span class=\"_ _64\"> </span>avec <span class=\"_ _64\"> </span>e\ue61det <span class=\"_ _65\"> </span>r<span class=\"_ _0\"></span>\u00e9troactif <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>vingt<span class=\"ffb27\">\u2011</span>cinqui\u00e8me r\u00e9solution <span class=\"_ _65\"> </span>adopt\u00e9e <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _65\"> </span>g\u00e9n\u00e9rale <span class=\"_ _65\"> </span>du <span class=\"_ _65\"> </span>30\ue61fjuin <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>et <span class=\"_ _65\"> </span>la possibilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9duire <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>p\u00e9riode <span class=\"_ _46\"> </span>d\u2019acquisition <span class=\"_\"> </span>initiale <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>dur\u00e9e minimale <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>seize <span class=\"_ _3b\"></span>mois, <span class=\"_ _3\"></span>autorisant <span class=\"_ _37\"></span>ainsi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>amendements <span class=\"_ _3b\"></span>n\u00e9cessaires <span class=\"_ _3b\"></span>aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9mettre <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _37\"> </span>2\ue61f800\ue61f276 <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _64\"> </span>du <span class=\"_ _65\"> </span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _65\"> </span>2020 <span class=\"_ _65\"> </span>ay<span class=\"_ _0\"></span>ant <span class=\"_ _65\"> </span>satisfait <span class=\"_ _64\"> </span>la <span class=\"_ _65\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>pr\u00e9sence ininterrompue au sein du Groupe pendant la dur<span class=\"_ _0\"></span>\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plans d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (<span class=\"_ _0\"></span>ASP 2020)F<span class=\"_ _0\"></span>aisant <span class=\"_ _3\"></span>usage <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>l\u2019autorisation donn\u00e9e <span class=\"_ _3\"></span>par <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _3\"></span>g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>30\ue61fjuin 2020, <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>sa <span class=\"_ _3\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>sur <span class=\"_ _3\"></span>recommandation <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>Comit\u00e9 r\u00e9mun\u00e9ration, le Conseil d\u2019<span class=\"_ _1\"></span>administration a approuv\u00e9 le 15\ue61favril 2021 la mise en \u0153uvre du Plan 2020 d\u2019<span class=\"_ _f\"></span>Actions Additionnelles de P<span class=\"_ _0\"></span>erformance (ASP) au profit du Directeur g\u00e9n\u00e9ral et d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3\"></span>cadres dirigeants \u00e9ligibles <span class=\"_ _3\"></span>(membres du <span class=\"_ _64\"> </span>Comit\u00e9 <span class=\"_ _60\"> </span>Ex\u00e9cutif<span class=\"_ _3\"></span>) <span class=\"_ _64\"> </span>et <span class=\"_ _64\"> </span>attribu\u00e9 <span class=\"_ _60\"> </span>1\ue61f744\ue61f416 <span class=\"_ _60\"> </span>Actions <span class=\"_ _64\"> </span>Additionnelles <span class=\"_ _60\"> </span>de P<span class=\"_ _0\"></span>erformance, <span class=\"_ _65\"> </span>respectivement <span class=\"_ _65\"> </span>1\ue61f365\ue61f533 <span class=\"_ _65\"> </span>(dont <span class=\"_ _65\"> </span>1\ue61f027\ue61f398 <span class=\"_ _65\"> </span>au <span class=\"_ _65\"> </span>pr<span class=\"_ _0\"></span>ofit <span class=\"_ _65\"> </span>du Dir<span class=\"_ _0\"></span>ecteur g\u00e9n\u00e9ral) le 15\ue61favril 2021 et 378\ue61f883 le 23\ue61favril 2021.Ces <span class=\"_ _3\"></span>plans, <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>deux <span class=\"_ _3\"></span>ans, <span class=\"_ _3\"></span>conf\u00e8rent <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>b\u00e9n\u00e9ficiaires <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>droits conditionnels \u00e0 recevoir des Actions Additionnelles de P<span class=\"_ _1\"></span>erformance.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>octroi de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>Actions Additionnelles <span class=\"_ _3\"></span>de Performance est <span class=\"_ _3\"></span>conditionn\u00e9 \u00e0 <span class=\"_ _3\"></span>la r\u00e9alisation <span class=\"_ _44\"> </span>pr\u00e9alable <span class=\"_\"> </span>par <span class=\"_ _44\"> </span>chaque <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_ _44\"> </span>\u00e9ligible <span class=\"_\"> </span>d\u2019un <span class=\"_ _44\"> </span>investissement personnel <span class=\"_ _3\"></span>significatif <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actions <span class=\"_ _3\"></span>ordinaires <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Soci\u00e9t\u00e9, <span class=\"_ _3\"></span>investissement <span class=\"_ _3\"></span>en consid\u00e9ration <span class=\"_ _3\"></span>duquel <span class=\"_ _3b\"></span>ce <span class=\"_ _3b\"></span>b\u00e9n\u00e9ficiaire <span class=\"_ _3b\"></span>peut <span class=\"_ _3b\"></span>se <span class=\"_ _3b\"></span>voir <span class=\"_ _3\"></span>attribuer <span class=\"_ _3b\"></span>gratuitement, <span class=\"_ _3b\"></span>\u00e0 la <span class=\"_\"> </span>discr\u00e9tion <span class=\"_\"> </span>du <span class=\"_\"> </span>Conseil, <span class=\"_\"> </span>des <span class=\"_\"> </span>Actions <span class=\"_\"> </span>Additionnelles <span class=\"_\"> </span>de <span class=\"_\"> </span>P<span class=\"_ _0\"></span>erformance <span class=\"_\"> </span>\u00e0 hauteur <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _37\"></span>montant <span class=\"_ _3b\"></span>repr\u00e9sentant <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>maximum <span class=\"_ _37\"></span>3 <span class=\"_ _3b\"></span>fois <span class=\"_ _37\"></span>le <span class=\"_ _3b\"></span>montant <span class=\"_ _37\"></span>investi en actions V<span class=\"_ _1\"></span>antiva par ledit b\u00e9n\u00e9ficiair<span class=\"_ _0\"></span>e.La <span class=\"_ _37\"> </span>livraison <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ces <span class=\"_ _44\"> </span>Actions <span class=\"_ _37\"> </span>Additionnelles <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>Performance<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>terme <span class=\"_ _37\"> </span>du Plan, est par ailleurs subordonn\u00e9e \u00e0\ue61f:\u2022la satisfaction d\u2019une <span class=\"_ _3\"></span>condition de <span class=\"_ _3\"></span>pr\u00e9sence ininterrompue pendant <span class=\"_ _3\"></span>toute la dur\u00e9e du plan jusqu\u2019<span class=\"_ _0\"></span>en avril\ue61f2023\ue61f; et\u2022\u00e0 <span class=\"_ _64\"> </span>la <span class=\"_ _64\"> </span>r\u00e9alisation <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _64\"> </span>condition <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>performance <span class=\"_ _64\"> </span>interne <span class=\"_ _60\"> </span>assise <span class=\"_ _64\"> </span>sur l\u2019<span class=\"_ _0\"></span>atteinte <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>objectifs <span class=\"_ _3\"></span>d\u2019EBIT<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>cumul\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>d\u2019une condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>performance externe <span class=\"_ _3b\"></span>assise <span class=\"_ _37\"> </span>sur <span class=\"_ _37\"> </span>un <span class=\"_ _37\"> </span>objectif <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>rendement <span class=\"_ _37\"></span>total <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>les <span class=\"_ _37\"></span>actionnaires jusqu\u2019<span class=\"_ _0\"></span>\u00e0 la fin de 2022.De <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">la <span class=\"_ _3\"></span>m\u00eame <span class=\"_ _3\"></span>mani\u00e8re <span class=\"_ _3b\"></span>que <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>L<span class=\"_ _f\"></span>TIP <span class=\"_ _3b\"></span>2020, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a </span>souhait\u00e9 <span class=\"_ _44\"> </span>dans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>contexte <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>anticiper <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>quelques <span class=\"_ _44\"> </span>mois l\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _44\"> </span>d\u00e9finitive <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>actions <span class=\"_ _44\"> </span>additionnelles <span class=\"_ _44\"> </span>attribu\u00e9es <span class=\"_ _37\"> </span>au <span class=\"_ _44\"> </span>titre <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>ce plan, et permettre ainsi aux attributaires de participer \u00e0 l\u2019<span class=\"_ _1\"></span>op\u00e9ration.Sur <span class=\"_\"> </span>proposition <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Conseil <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>administration, <span class=\"_\"> </span>l\u2019<span class=\"_ _23\"></span>Assembl\u00e9e <span class=\"_\"> </span>g\u00e9n\u00e9rale <span class=\"_\"> </span>de <span class=\"_\"> </span>la Soci\u00e9t\u00e9, <span class=\"_ _44\"> </span>r\u00e9unie <span class=\"_\"> </span>le <span class=\"_\"> </span>6\ue61fseptembr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>2022, <span class=\"_\"> </span>a <span class=\"_ _47\"> </span>approuv<span class=\"_ _0\"></span>\u00e9 <span class=\"_\"> </span>la <span class=\"_\"> </span>D<span class=\"_ _0\"></span>istribution <span class=\"_\"> </span>et, <span class=\"_\"> </span>aux termes de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>treizi\u00e8me r\u00e9solution adopt\u00e9e <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>titre extraordinaire<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>a approuv\u00e9 la <span class=\"_ _3\"></span>modification <span class=\"_ _3b\"></span>avec <span class=\"_ _3\"></span>e\ue61det <span class=\"_ _3b\"></span>r\u00e9tro<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>vingt<span class=\"ffb27\">\u2011</span>sixi\u00e8me <span class=\"_ _3\"></span>r\u00e9solution <span class=\"_ _3\"></span>adopt\u00e9e par l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e g\u00e9n\u00e9rale <span class=\"_ _3\"></span>du 30\ue61fjuin <span class=\"_ _3\"></span>2020 <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la possibilit\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>r\u00e9duire ainsi <span class=\"_ _3\"></span>la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _3\"></span>initiale \u00e0 une <span class=\"_ _3\"></span>dur\u00e9e minimale de <span class=\"_ _3\"></span>seize mois, autorisant ainsi les amendements n\u00e9cessaires aux r\u00e8glements du plan.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>d\u2019acquisition <span class=\"_ _44\"> </span>minimale <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>ainsi <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>ramen\u00e9e <span class=\"_\"> </span>au 30\ue61fao\u00fbt <span class=\"_ _60\"> </span>2022, <span class=\"_ _60\"> </span>soit <span class=\"_ _60\"> </span>7 <span class=\"_ _60\"> </span>jours <span class=\"_ _60\"> </span>avant <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>date <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _1\"></span>Assembl\u00e9e <span class=\"_ _61\"> </span>g\u00e9n\u00e9rale <span class=\"_ _60\"> </span>du 6\ue61fseptembre 2022.Le <span class=\"_\"> </span><span class=\"ls0 ws0\">19\ue61fseptembre <span class=\"_\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _47\"> </span>D<span class=\"_ _0\"></span>irecteur <span class=\"_\"> </span>g\u00e9n\u00e9ral, <span class=\"_\"> </span>agissant <span class=\"_\"> </span>sur <span class=\"_ _47\"> </span>d\u00e9l\u00e9gation <span class=\"_\"> </span>du </span>Conseil <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>apr\u00e8s <span class=\"_ _44\"> </span>que <span class=\"_ _47\"> </span>ce <span class=\"_ _44\"> </span>dernier <span class=\"_ _44\"> </span>ait <span class=\"_ _44\"> </span>\u00e9valu\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>niv<span class=\"_ _0\"></span>eau <span class=\"_\"> </span>de r\u00e9alisation <span class=\"_\"> </span>des <span class=\"_ _46\"> </span>conditions <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _46\"> </span>du <span class=\"_ _61\"> </span>Plan <span class=\"_\"> </span>telles <span class=\"_ _61\"> </span>qu\u2019<span class=\"_ _0\"></span>ajust\u00e9es, <span class=\"_\"> </span>a d\u00e9cid\u00e9 <span class=\"_ _44\"> </span>d\u2019\u00e9mettr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>pair <span class=\"_ _44\"> </span>1\ue61f215\ue61f858 <span class=\"_\"> </span>actions <span class=\"_ _44\"> </span>nouvelles <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>livrer <span class=\"_ _44\"> </span>aux b\u00e9n\u00e9ficiaires <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>plan <span class=\"_ _37\"> </span>incitatif <span class=\"_ _37\"></span>d\u2019investissement <span class=\"_ _3b\"></span>ASP <span class=\"_ _37\"></span>2020 <span class=\"_ _3b\"></span>ayant <span class=\"_ _3b\"></span>satisfait <span class=\"_ _37\"></span>la condition <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>pr\u00e9sence <span class=\"_ _3\"></span>ininterrompue <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>sein <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>pendant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e r\u00e9ajust\u00e9e du Plan.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _46\"> </span>2022, <span class=\"_ _46\"> </span>aucun <span class=\"_ _46\"> </span>droit <span class=\"_ _46\"> </span>conditionnel <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>recevoir <span class=\"_\"> </span>des <span class=\"_ _61\"> </span>actions gratuites ne reste donc en cir<span class=\"_ _0\"></span>culation au titre de\ue61fce plan.Plan d\u2019int\u00e9ressement \u00e0 long terme 2022 (L<span class=\"_ _f\"></span>TIP 2022)L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>Assembl\u00e9e <span class=\"_ _6f\"> </span>g\u00e9n\u00e9rale <span class=\"_ _4c\"> </span>du <span class=\"_ _6f\"> </span>6\ue61fseptembre <span class=\"_ _6f\"> </span>2022, <span class=\"_ _4c\"> </span>dans <span class=\"_ _6f\"> </span>sa <span class=\"_ _6f\"> </span>quatorzi\u00e8me r\u00e9solution, <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>autoris\u00e9 <span class=\"_ _37\"></span>le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>proc\u00e9der <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>attribution d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _66\"> </span>existantes <span class=\"_ _4c\"> </span>ou <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _4c\"> </span>\u00e9mettre<span class=\"_ _0\"></span>, <span class=\"_ _4c\"> </span>au <span class=\"_ _66\"> </span>profit <span class=\"_ _66\"> </span>des <span class=\"_ _4c\"> </span>b\u00e9n\u00e9ficiaires <span class=\"_ _66\"> </span>qu\u2019il d\u00e9terminera <span class=\"_ _3\"></span>parmi <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3b\"></span>et/ou <span class=\"_ _3b\"></span>mandataires <span class=\"_ _3b\"></span>sociaux <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Soci\u00e9t\u00e9 <span class=\"_ _3b\"></span>ou des <span class=\"_\"> </span>soci\u00e9t\u00e9s <span class=\"_ _44\"> </span>ou <span class=\"_\"> </span>groupements <span class=\"_\"> </span>qui <span class=\"_ _44\"> </span>lui <span class=\"_\"> </span>sont <span class=\"_\"> </span>li\u00e9s. <span class=\"_ _44\"> </span>Cette <span class=\"_\"> </span>autorisation <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 donn\u00e9e <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>dur\u00e9e <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>36 <span class=\"_ _44\"> </span>mois <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>est <span class=\"_ _44\"> </span>valable <span class=\"_ _44\"> </span>jusqu\u2019<span class=\"_ _0\"></span>au <span class=\"_ _44\"> </span>6\ue61fseptembre 2025. Les droits \u00e0 attribuer en vertu de <span class=\"_ _3\"></span>la pr\u00e9sente autorisation ne pourront donner droit \u00e0 <span class=\"_ _3\"></span>un nombre d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _3\"></span>sup\u00e9rieur \u00e0 <span class=\"_ _3\"></span>3\ue61f% du capital <span class=\"_ _3\"></span>social tel que constat\u00e9 \u00e0 la date \u00e0 laquelle il sera fait usage de l\u2019<span class=\"_ _1\"></span>autorisation.F<span class=\"_ _0\"></span>aisant <span class=\"_\"> </span>usage <span class=\"_\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _44\"> </span>autorisation <span class=\"_\"> </span>et <span class=\"_\"> </span>sur <span class=\"_\"> </span>recommandation <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Comit\u00e9 r\u00e9mun\u00e9ration, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Conseil <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>administration <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>approuv\u00e9 <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61fd\u00e9cembre <span class=\"_ _3\"></span>2022 la <span class=\"_ _37\"></span>mise <span class=\"_ _37\"> </span>en <span class=\"_ _37\"> </span>\u0153uvre <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>Plan <span class=\"_ _37\"> </span>d\u2019int\u00e9ressement <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>long <span class=\"_ _3b\"></span>terme <span class=\"_ _44\"> </span>2022 <span class=\"_ _3b\"></span>et <span class=\"_ _44\"> </span>attribu\u00e9 gratuitement <span class=\"_ _44\"> </span>2\ue61f665\ue61f074 <span class=\"_ _44\"> </span>droits <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>actions <span class=\"_\"> </span>gratuites <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>profit <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>Directeur g\u00e9n\u00e9ral.Ce <span class=\"_\"> </span><span class=\"ls0 ws0\">plan <span class=\"_\"> </span>triennal <span class=\"_\"> </span>conf\u00e8re <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>b\u00e9n\u00e9ficiaire <span class=\"_\"> </span>des <span class=\"_\"> </span>droits <span class=\"_\"> </span>conditionnels <span class=\"_ _47\"> </span>de</span>\ue61frecevoir des Actions de P<span class=\"_ _0\"></span>erformance, dont la livraison est subor<span class=\"_ _0\"></span>donn\u00e9e \u00e0 la satisfaction <span class=\"_ _37\"></span>d\u2019une <span class=\"_ _37\"> </span>condition <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>pr\u00e9sence <span class=\"_ _37\"> </span>pendant <span class=\"_ _37\"> </span>toute <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>dur\u00e9e <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>Plan (soit <span class=\"_ _44\"> </span>jusqu\u2019au <span class=\"_ _44\"> </span>21\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2025) <span class=\"_ _47\"> </span>et <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9alisation <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>conditions <span class=\"_\"> </span>de performance <span class=\"_ _3\"></span>conditionnant <span class=\"_ _3b\"></span>chacune <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>partie <span class=\"_ _3\"></span>l\u2019acquisition <span class=\"_ _3\"></span>d\u00e9finitive <span class=\"_ _3\"></span>des actions\ue61f: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>objectif <span class=\"_ _3\"></span>financier assis <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>OCF <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>r\u00e9alis\u00e9 <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre des exercices 2023, 2024 <span class=\"_ _3\"></span>et 2025 <span class=\"_ _3\"></span>(conditionnant l\u2019acquisition d\u00e9finitive de <span class=\"_ _3\"></span>40\ue61f% des droits), <span class=\"_ _3\"></span>(ii) <span class=\"_ _3\"></span>un objectif <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>rendement total <span class=\"_ _3\"></span>pour les <span class=\"_ _3\"></span>actionnaires (\u00ab\ue61fTSR \u00ab\ue61f) <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>atteindre <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>l\u2019issue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _44\"> </span>p\u00e9riode <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>trois <span class=\"_ _44\"> </span>exercices <span class=\"_ _37\"> </span>se <span class=\"_ _47\"> </span>terminant <span class=\"_ _37\"> </span>fin 2025 <span class=\"_ _60\"> </span>(pesant <span class=\"_ _64\"> </span>pour <span class=\"_ _60\"> </span>40\ue61f%), <span class=\"_ _60\"> </span>et <span class=\"_ _64\"> </span>(iii) <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>objectif <span class=\"_ _64\"> </span>RSE <span class=\"_ _60\"> </span>bas\u00e9 <span class=\"_ _60\"> </span>sur <span class=\"_ _64\"> </span>les <span class=\"_ _60\"> </span>trois prochaines notations annuelles qui <span class=\"_ _3\"></span>seront allou\u00e9es \u00e0 V<span class=\"_ _1\"></span>antiva par Ecov<span class=\"_ _0\"></span>adis <span class=\"_ _3\"></span>\u00e0 compter de 2023 (pesant pour 20\ue61f%).Conform\u00e9ment <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>autorisation <span class=\"_ _3b\"></span>donn\u00e9e <span class=\"_ _3b\"></span>par <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>m\u00eame <span class=\"_ _3b\"></span>Assembl\u00e9e <span class=\"_ _3b\"></span>g\u00e9n\u00e9rale<span class=\"_ _0\"></span>, le <span class=\"_ _37\"></span>Conseil <span class=\"_ _3b\"></span>d\u2019administr<span class=\"_ _0\"></span>ation <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>31\ue61fjanvier <span class=\"_ _37\"> </span>2023 <span class=\"_ _44\"> </span>a <span class=\"_ _3b\"></span>proc\u00e9d\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _37\"> </span>de 7\ue61f995\ue61f223 <span class=\"_ _47\"> </span>actions <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>performance <span class=\"_ _44\"> </span>au <span class=\"_\"> </span>b\u00e9n\u00e9fice <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>membres <span class=\"_ _44\"> </span>du <span class=\"_\"> </span>Comit\u00e9 Ex<span class=\"_ _0\"></span>\u00e9cutif <span class=\"_\"> </span>dans <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>m\u00eames <span class=\"_\"> </span>conditions <span class=\"_ _44\"> </span>que <span class=\"_ _44\"> </span>celles <span class=\"_\"> </span>\u00e9num\u00e9r\u00e9es <span class=\"_ _44\"> </span>ci<span class=\"ffb2e\">\u2011</span>dessus. <span class=\"_ _44\"> </span>La p\u00e9riode <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition, <span class=\"_ _37\"></span>commen\u00e7ant <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _37\"></span>de <span class=\"_ _37\"> </span>l\u2019<span class=\"_ _0\"></span>attribution, <span class=\"_ _37\"> </span>doit <span class=\"_ _37\"> </span>prendre fin \u00e9galement \u00e0 son troisi\u00e8me anniversaire (soit le 31\ue61fjanvier 2026).Le <span class=\"ls0 ws0\">d\u00e9tail de ces plans de <span class=\"ffb2f\">stock</span></span>\u2011options<span class=\"ffb2d\"> et d\u2019<span class=\"_ _0\"></span>actions est pr\u00e9sent\u00e9 ci<span class=\"ffb2e\">\u2011</span>dessous\ue61f:</span>Nombre d\u2019instruments Nombre Nombre de D<span class=\"_ _0\"></span>ate Dur\u00e9e de vie Prix d\u2019<span class=\"_ _0\"></span>exercice / initialement d\u2019instruments b\u00e9n\u00e9\ue75cciaires d\u2019<span class=\"_ _0\"></span>acquisition de V<span class=\"_ _1\"></span>aleur de Juste valeur (1)<span class=\"_ _d1\"> </span>(1)\ue61fT<span class=\"_ _f\"></span>ype de plan<span class=\"_ _35\"> </span>D<span class=\"_ _0\"></span>ate d\u2019<span class=\"_ _0\"></span>octroiaccord\u00e9srestantsinitialdes droitsl\u2019instrumentl\u2019<span class=\"_ _0\"></span>action\ue662estim\u00e9e\ue662MIP Juin\ue6622017 Options\ue662*<span class=\"_ _1a\"> </span><span class=\"ffb2d\">Options de </span>26\ue61fjuin 2015<span class=\"_ _b\"> </span>9\ue61f260<span class=\"_ _c1\"> </span>7\ue61f563<span class=\"_ _26\"> </span>2<span class=\"_ _aa\"> </span>J<span class=\"_ _0\"></span>uin\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>60,54\ue61feuros<span class=\"_ _c7\"> </span>19<span class=\"_ _0\"></span>,67\ue61feurossouscription(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Juin\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)MIP Octobre\ue6622017 Options de 3\ue61fd\u00e9cembre 63\ue61f334<span class=\"_ _96\"> </span>23\ue61f800<span class=\"_ _e\"> </span>22<span class=\"_ _89\"> </span>Octobr<span class=\"_ _0\"></span>e\ue61f2017 8 ans<span class=\"_ _1a6\"> </span>73,21\ue61feuros<span class=\"_ _bd\"> </span>23,37\ue61feurosOptions\ue662*souscription2015(50\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2018 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)\ue61f<span class=\"_ _24\"> </span>\ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _194\"> </span>\ue61f<span class=\"_ _d7\"> </span>Octobre\ue61f2019 \ue61f<span class=\"_ _d7\"> </span>\ue61f<span class=\"_ _1b5\"> </span>\ue61f(25\ue61f%)L<span class=\"_ _1\"></span>TIP 2022\ue662**<span class=\"_ _4e\"> </span><span class=\"ffb2d\">Actions de </span>21\ue61fd\u00e9cembre 2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _4d\"> </span>2\ue61f665\ue61f074<span class=\"_ _10d\"> </span>1<span class=\"_ _58\"> </span>D\u00e9cembre\ue61f2025<span class=\"_ _354\"></span>3 ans<span class=\"_ _2f\"> </span>0,19\ue61feur<span class=\"_ _0\"></span>o<span class=\"_ _81\"> </span>0,14\ue61feuroperformance2022* Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fManagement Incentive Plans (MIP)\ue61f\u00bb (voir la des<span class=\"_ _0\"></span>cription ci\u2011avant.** Plan de r\u00e9tention <span class=\"_ _0\"></span>d\u00e9nomm\u00e9 \u00ab\ue61fLong\u2011T<span class=\"_ _f\"></span>erm Incentive Plan (L<span class=\"_ _1\"></span>TIP)\ue61f\u00bb (voir la descrip<span class=\"_ _0\"></span>tion ci\u2011avant).(1 ) Les prix d\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _0\"></span>, la juste valeur <span class=\"ls65 ws65\">et </span>le nombre des options e<span class=\"_ _0\"></span>xistantes ont <span class=\"lsbb wsbb\">\u00e9t\u00e9 </span>modifi\u00e9s suite \u00e0 l\u2019augmentation <span class=\"_ _0\"></span>de capital de 2015, au regroupement d\u2019<span class=\"_ _0\"></span>actions de 2020 <span class=\"ls65 ws65\">et </span>\u00e0 la Distribution de <span class=\"lsbd wsbd\">TC<span class=\"_ _3\"></span>S </span>en 2022. <span class=\"lsbb wsbb\">Le </span>prix d\u2019<span class=\"_ _0\"></span>exercice concerne les MIP <span class=\"ls65 ws65\">et </span>la v<span class=\"_ _0\"></span>aleur de l\u2019action fait r<span class=\"_ _0\"></span>\u00e9f\u00e9rence, pour les L<span class=\"_ _1\"></span>TIP<span class=\"_ _1\"></span>, \u00e0 la valeur de l\u2019<span class=\"_ _0\"></span>action \u00e0 la date d\u2019<span class=\"_ _0\"></span>attribution.9<span class=\"_ _1\"></span>.3.<span class=\"_ _3\"></span>2<span class=\"_ _c0\"> </span>V<span class=\"_ _23\"></span>ariations des options en circulation et des actions gratuitesLe <span class=\"ls0 ws0\">nombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites restantes ainsi que leur prix moyen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>exercice ont connu les variations suivantes en 2022 et 2021\ue61f:</span>Prix d\u2019<span class=\"_ _0\"></span>exercice moyen pond\u00e9r\u00e9 <span class=\"ffb36 fs5d\">(en\ue61feur<span class=\"_ _0\"></span>os)<span class=\"ffb37 fs5b\"> /</span></span>\ue61fNombre d\u2019<span class=\"_ _0\"></span>options et d\u2019<span class=\"_ _0\"></span>actions gratuites\ue662V<span class=\"_ _1\"></span>aleur d\u2019<span class=\"_ _0\"></span>action<span class=\"_ _6b\"> </span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _23\"></span>\ue662<span class=\"_ _45\"></span>\ue662<span class=\"_ _23\"></span>\ue662Nombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2020<span class=\"_ _355\"> </span>3\ue662204\ue662907<span class=\"_ _34d\"> </span><span class=\"ffb36\">11,23</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _120\"> </span>261\ue61f568<span class=\"_ _304\"> </span>114,<span class=\"_ _3\"></span>24<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f(1)Attribu\u00e9es\ue61f<span class=\"_ _255\"> </span>3\ue61f149\ue61f437<span class=\"_ _356\"> </span>1,72<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _346\"> </span>(9\ue61f800)<span class=\"_ _2b6\"> </span>34,40<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _357\"> </span>(468\ue61f157)<span class=\"_ _295\"> </span>40,80<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2021<span class=\"_ _141\"> </span>5\ue662876\ue662387<span class=\"_ _200\"> </span><span class=\"ffb36\">3,7<span class=\"_ _0\"></span>4</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 192)Dont e<span class=\"_ _0\"></span>xer\u00e7ables<span class=\"_ _166\"> </span>76\ue61f368<span class=\"_ _d4\"> </span>152,<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fAttribu\u00e9es\ue61f*<span class=\"_ _11a\"> </span>2\ue61f665\ue61f07<span class=\"_ _0\"></span>4<span class=\"_ _358\"> </span>0,<span class=\"_ _0\"></span>19<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (Plan d\u2019<span class=\"_ _0\"></span>actions gratuites)<span class=\"_ _13e\"> </span>(4\ue61f094\ue61f771)<span class=\"_ _1e2\"> </span>2,60<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fLivr\u00e9es (MIP)<span class=\"_ _252\"> </span>-<span class=\"_ _205\"> </span>-<span class=\"_ _6b\"> </span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fSupprim\u00e9es &amp; autres<span class=\"_ _293\"> </span>(1\ue61f750\ue61f253)<span class=\"_ _359\"> </span><span class=\"ls52 ws52\">5,2<span class=\"_ _3\"></span>2<span class=\"_ _6b\"> </span></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61fNombre restant au 31\ue662d\u00e9cembr<span class=\"_ _0\"></span>e 2022<span class=\"_ _340\"> </span>2\ue662696\ue662437<span class=\"_ _359\"> </span><span class=\"ffb36\">1,00</span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f(compris entre 0 et 7<span class=\"_ _1\"></span>4)Dont e<span class=\"_ _0\"></span>xer\u00e7able<span class=\"_ _271\"> </span>31\ue61f363<span class=\"_ _35a\"> </span>70,<span class=\"_ _0\"></span>15<span class=\"_ _63\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f<span class=\"_ _45\"></span>\ue61f<span class=\"_ _23\"></span>\ue61f* Li\u00e9s au Plans d'int\u00e9ressement \u00e0 L<span class=\"_ _0\"></span>ong T<span class=\"_ _f\"></span>erme (L<span class=\"_ _1\"></span>TIP) 2022, 2021 <span class=\"ls5e ws5e\">et </span>2020 <span class=\"ls5e ws5e\">et </span>ASP 2020.<span class=\"_ _2eb\"> </span>\ue61f<span class=\"_ _23\"></span>\ue61f\ue61fPrincipales hypoth\u00e8ses utilis\u00e9esL<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>estimation des justes valeurs des <span class=\"ffb3f\">stock</span>\u2011options<span class=\"ffb3e\"> octroy\u00e9es a \u00e9t\u00e9 r\u00e9alis\u00e9e en utilisant le mod\u00e8le Black&amp;Scholes de v<span class=\"_ _0\"></span>alorisation d\u2019options<span class=\"_ _0\"></span>. Les donn\u00e9es utilis\u00e9es </span>dans les mod\u00e8les sont les suivantes\ue61f:Plans de <span class=\"ffb42\">stock</span>\u2011options<span class=\"ffb43\"> octroy\u00e9s en\ue662**</span>(en % et en\ue61feuros)D\u00e9cembre\ue6622015<span class=\"_ _18e\"> </span>Juin\ue6622015Prix moyen pond\u00e9r\u00e9 de l\u2019<span class=\"_ _1\"></span>action \u00e0 la date d\u2019\u00e9v<span class=\"_ _0\"></span>aluation<span class=\"_ _357\"> </span>72,59<span class=\"_ _7\"> </span>63,<span class=\"_ _0\"></span>11Prix moyen d\u2019<span class=\"_ _0\"></span>exercice pond\u00e9r<span class=\"_ _0\"></span>\u00e9<span class=\"_ _35b\"> </span>73,21<span class=\"_ _f8\"> </span>60,54V<span class=\"_ _f\"></span>olatilit\u00e9 attendue<span class=\"_ _35c\"> </span>40\ue61f%<span class=\"_ _228\"> </span>40\ue61f%Dur\u00e9e de vie estim\u00e9e\ue61f*<span class=\"_ _233\"> </span>5 ans<span class=\"_ _228\"> </span>5 ansT<span class=\"_ _23\"></span>aux sans risque<span class=\"_ _35d\"> </span>0,<span class=\"_ _0\"></span>12\ue61f%<span class=\"_ _15e\"> </span>0,17\ue61f%Ratio de dividende attendu<span class=\"_ _322\"> </span>0,70\ue61f%<span class=\"_ _fe\"> </span>0,8\ue61f%Juste valeur \u00e0 la date d\u2019<span class=\"_ _1\"></span>estimation<span class=\"_ _11c\"> </span>23,37<span class=\"_ _228\"> </span>19,66* La dur\u00e9e de vie estim\u00e9e est plus courte que la dur<span class=\"_ _0\"></span>\u00e9e de vie contractuelle de l\u2019op<span class=\"_ _0\"></span>tion car elle repr\u00e9sente la p\u00e9riode estim\u00e9e \u00e0 compter de la dat<span class=\"_ _0\"></span>e d\u2019attribution \u00e0 la date pr<span class=\"_ _0\"></span>obable d\u2019e<span class=\"_ _0\"></span>xercice.** Les prix ainsi que la juste valeur ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>ajust\u00e9s pour t<span class=\"_ _0\"></span>enir compte du regroupement de 2020 <span class=\"ls5e ws5e\">et </span>de la Distribution de <span class=\"ls99 ws99\">TCS<span class=\"_ _3\"></span> </span>en 2022.\ue61fLes facteurs consid\u00e9r\u00e9s pour estimer la <span class=\"_ _3\"></span>volatilit\u00e9 attendue pour les plans <span class=\"_ _3\"></span>de stock\u2011options<span class=\"ffb3e\"> ayant une maturit\u00e9 \u00e0 long terme incluent\ue61f:</span>\u2022la <span class=\"_ _65\"> </span>volatilit\u00e9 <span class=\"_ _65\"> </span>historique <span class=\"_ _65\"> </span>des <span class=\"_ _65\"> </span>actions <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>sur <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>p\u00e9riode <span class=\"_ _65\"> </span>longue disponible\ue61f;\u2022les <span class=\"_ _28\"> </span>ajustements <span class=\"_ _62\"> </span>de <span class=\"_ _62\"> </span>cette <span class=\"_ _62\"> </span>volatilit\u00e9 <span class=\"_ _28\"> </span>historique <span class=\"_ _62\"> </span>en <span class=\"_ _62\"> </span>fonction <span class=\"_ _28\"> </span>des changements intervenus dans le profil d\u2019<span class=\"_ _0\"></span>activit\u00e9 V<span class=\"_ _1\"></span>antiva.\ue61fP<span class=\"_ _0\"></span>our les plans \u00e0 maturit\u00e9 plus courte, la volatilit\u00e9 attendue a \u00e9t\u00e9 d\u00e9termin\u00e9e sur la <span class=\"_ _3\"></span>base de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>volatilit\u00e9 implicite <span class=\"_ _3\"></span>des actions <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva observable <span class=\"_ _3\"></span>\u00e0 la <span class=\"_ _3\"></span>date de d\u00e9but du plan.9<span class=\"_ _1\"></span>.3.3Charges de l\u2019<span class=\"_ _1\"></span>exercice r<span class=\"_ _0\"></span>elatives aux plans de\ue61f\u00ab\ue61fstock<span class=\"ffb40\">\u2011</span>options\ue61f\u00bbLes r\u00e9mun\u00e9rations <span class=\"_ _3\"></span>comptabilis\u00e9es <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>titre <span class=\"_ _3\"></span>des ser<span class=\"_ _3\"></span>vices <span class=\"_ _3\"></span>re\u00e7us sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>p\u00e9riode correspondent <span class=\"_ _44\"> </span>respectivement <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>charge <span class=\"_ _47\"> </span>de <span class=\"_ _44\"> </span>7\ue61fmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_\"> </span>(dont 4\ue61fmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"></span>li\u00e9s <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>livraison <span class=\"_ _3b\"></span>anticip\u00e9e <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>plans) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une <span class=\"_ _37\"> </span>charge <span class=\"_ _37\"> </span>de 3\ue61fmillions <span class=\"_ _62\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _62\"> </span>respectivement <span class=\"_ _28\"> </span>au <span class=\"_ _62\"> </span>titre <span class=\"_ _62\"> </span>des <span class=\"_ _62\"> </span>exercices <span class=\"_ _62\"> </span>clos <span class=\"_ _62\"> </span>les 31\ue61fd\u00e9cembre <span class=\"_ _37\"></span>2022 <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>2021. <span class=\"_ _37\"></span>La <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cette <span class=\"_ _37\"></span>charge <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>produit <span class=\"_ _3b\"></span>a \u00e9t\u00e9 cr\u00e9dit\u00e9e en capitaux propr<span class=\"_ _0\"></span>es.Au <span class=\"_\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _47\"> </span>2022, <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>solde <span class=\"_\"> </span>des <span class=\"_\"> </span>plans <span class=\"_\"> </span>expir\u00e9s <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levant <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>12\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _65\"> </span>a <span class=\"_ _65\"> </span>\u00e9t\u00e9 <span class=\"_ _66\"> </span>transf\u00e9r\u00e9 <span class=\"_ _65\"> </span>en <span class=\"_ _65\"> </span>r\u00e9serves <span class=\"_ _65\"> </span>consolid\u00e9es <span class=\"_ _65\"> </span>en <span class=\"_ _66\"> </span>application <span class=\"_ _65\"> </span>des dispositions d\u2019IFRS\ue61f2.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-229-5": {
   "value": "Le <span class=\"_ _37\"></span>Groupe <span class=\"_ _3b\"></span>peut <span class=\"_ _37\"> </span>accorder <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>r\u00e9mun\u00e9rations <span class=\"_ _3b\"></span>sur <span class=\"_ _37\"> </span>la <span class=\"_ _37\"></span>base <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_ _37\"></span>dont certaines <span class=\"_ _3b\"></span>sont <span class=\"_ _3\"></span>r\u00e9gl\u00e9es <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>instruments <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>capitaux <span class=\"_ _3b\"></span>propres <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>d\u2019autr<span class=\"_ _0\"></span>es <span class=\"_ _3b\"></span>en tr\u00e9sorerie<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En </span>application <span class=\"_ _3\"></span>d\u2019IFRS\ue61f2, l\u2019<span class=\"_ _0\"></span>avantage accord\u00e9 aux <span class=\"_ _3\"></span>salari\u00e9s au titre des <span class=\"_ _3b\"></span>plans <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>stock<span class=\"ffb1e\">\u2011</span>options <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>d\u2019actions <span class=\"_ _3\"></span>gratuites, <span class=\"_ _3\"></span>\u00e9valu\u00e9 <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>moment <span class=\"_ _3b\"></span>de l\u2019<span class=\"_ _0\"></span>attribution de l\u2019<span class=\"_ _0\"></span>option, constitue un compl\u00e9ment de r\u00e9mun\u00e9ration.Les <span class=\"_\"> </span>plans <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>attributions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_\"> </span>en <span class=\"_\"> </span>instruments <span class=\"_\"> </span>de <span class=\"_\"> </span>capitaux propres <span class=\"_ _3\"></span>sont <span class=\"_ _3b\"></span>\u00e9valu\u00e9s <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>date <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>attribution <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>base <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>juste <span class=\"_ _3b\"></span>valeur des <span class=\"_ _46\"> </span>instruments <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>capitaux <span class=\"_ _61\"> </span>propres <span class=\"_\"> </span>accord\u00e9s. <span class=\"_\"> </span>Ils <span class=\"_ _46\"> </span>sont <span class=\"_ _61\"> </span>comptabilis\u00e9s comme <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>charges <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>personnel, <span class=\"_ _3\"></span>lin\u00e9airement <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>dur\u00e9e <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>acquisition des <span class=\"_\"> </span>dr<span class=\"_ _0\"></span>oits, <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>prenant <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>compte <span class=\"_\"> </span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _47\"> </span>du <span class=\"_ _44\"> </span>Groupe <span class=\"_\"> </span>du <span class=\"_ _44\"> </span>nombre d\u2019instruments qui seront acquis \u00e0 la fin de la p\u00e9riode d\u2019<span class=\"_ _0\"></span>acquisition.P<span class=\"_ _0\"></span>our <span class=\"_\"> </span>les <span class=\"_ _47\"> </span>plans <span class=\"_ _44\"> </span>d\u2019attribution <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>actions <span class=\"_\"> </span>d\u00e9nou\u00e9s <span class=\"_ _47\"> </span>en <span class=\"_ _44\"> </span>tr\u00e9sorerie, <span class=\"_ _44\"> </span>une <span class=\"_\"> </span>dette correspondant <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>part <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>biens <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>services <span class=\"_\"> </span>re\u00e7us <span class=\"_ _37\"> </span>par <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>est comptabilis\u00e9e <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _60\"> </span>juste <span class=\"_ _61\"> </span>valeur <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>ces <span class=\"_ _61\"> </span>biens <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>services, <span class=\"_ _61\"> </span>et, <span class=\"_ _61\"> </span>est recalcul\u00e9e \u00e0 chaque date de cl\u00f4ture avec les changements de juste valeur enregistr\u00e9s <span class=\"_ _3b\"></span>en <span class=\"_ _37\"> </span>contrepartie <span class=\"_ _37\"> </span>du <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>r\u00e9sultat <span class=\"_ _37\"></span>au <span class=\"_ _37\"></span>sein <span class=\"_ _37\"> </span>des <span class=\"_ _37\"> </span>\u00ab\ue61fAutres produits (charges) <span class=\"_ _3\"></span>financiers\ue61fnets\ue61f\u00bb. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">De <span class=\"_ _3\"></span></span>plus, <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>plans <span class=\"_ _3\"></span>bas\u00e9s sur <span class=\"_ _3\"></span>des conditions <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>performance <span class=\"_ _61\"> </span>hors <span class=\"_ _61\"> </span>march\u00e9, <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>probabilit\u00e9 <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>r\u00e9aliser <span class=\"_ _61\"> </span>la performance <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>estim\u00e9e <span class=\"_ _61\"> </span>chaque <span class=\"_ _61\"> </span>ann\u00e9e <span class=\"_ _61\"> </span>et <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>charge <span class=\"_ _46\"> </span>est <span class=\"_ _61\"> </span>ajust\u00e9e <span class=\"_ _61\"> </span>en cons\u00e9quence.La <span class=\"_ _66\"> </span>juste <span class=\"_ _4c\"> </span>valeur <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>instruments, <span class=\"_ _4c\"> </span>et <span class=\"_ _66\"> </span>particuli\u00e8rement <span class=\"_ _4c\"> </span>des <span class=\"_ _66\"> </span>options attribu\u00e9es, <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>d\u00e9termin\u00e9e <span class=\"_ _65\"> </span>en <span class=\"_ _64\"> </span>utilisant <span class=\"_ _64\"> </span>soit <span class=\"_ _65\"> </span>un <span class=\"_ _64\"> </span>mod\u00e8le <span class=\"_ _64\"> </span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluation d\u2019<span class=\"_ _0\"></span>options <span class=\"_ _3b\"></span>binomial, <span class=\"_ _3\"></span>soit <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>mod\u00e8le <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>\u00e9valuation <span class=\"_ _3\"></span>Black&amp;Scholes, <span class=\"_ _3\"></span>qui <span class=\"_ _3b\"></span>prend en <span class=\"_ _61\"> </span>compte <span class=\"_ _60\"> </span>une <span class=\"_ _60\"> </span>r\u00e9estimation <span class=\"_ _61\"> </span>annuelle <span class=\"_ _60\"> </span>du <span class=\"_ _60\"> </span>nombre <span class=\"_ _61\"> </span>attendu <span class=\"_ _60\"> </span>d\u2019options exer\u00e7ables<span class=\"_ _0\"></span>. <span class=\"ls4 ws4\">Le </span>mod\u00e8le de Black&amp;Scholes peut \u00e9galement \u00eatre utilis\u00e9 pour \u00e9valuer <span class=\"_\"> </span>la <span class=\"_ _61\"> </span>valeur <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>attributions <span class=\"_\"> </span>soumises <span class=\"_ _61\"> </span>\u00e0 <span class=\"_ _46\"> </span>certaines <span class=\"_ _61\"> </span>conditions <span class=\"_ _46\"> </span>de march\u00e9<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-243-3": {
   "value": "Note 10<span class=\"_ _db\"> </span>Pro<span class=\"_ _0\"></span>visions et risques10.<span class=\"_ _1\"></span>1<span class=\"_ _6e\"> </span>D<span class=\"_ _0\"></span>\u00e9tail des provisionsProvisions pour risques Provisions pour et\ue662litiges relatifsrestructurationAux activit\u00e9s Aux activit\u00e9s arr\u00eat\u00e9es ou en arr\u00eat\u00e9es ou en Provisions Aux activit\u00e9s cours de Aux activit\u00e9s cours de (en\ue61bmillions d\u2019<span class=\"_ _0\"></span>euros)pour garantiespoursuiviescessionpoursuiviescessionT<span class=\"_ _23\"></span>otalAu 31\ue662d\u00e9cembre 2021<span class=\"_ _142\"> </span><span class=\"ffb4b\">18<span class=\"_ _194\"> </span></span>21<span class=\"_ _d7\"> </span>21<span class=\"_ _d7\"> </span><span class=\"ffb4b\">18<span class=\"_ _97\"> </span>1<span class=\"_ _58\"> </span><span class=\"ls70 ws70\">79</span></span>Dotations<span class=\"_ _f9\"> </span>12<span class=\"_ _9e\"> </span>4<span class=\"_ _1a4\"> </span>7<span class=\"_ _191\"> </span>19<span class=\"_ _1a4\"> </span>3<span class=\"_ _186\"> </span>45Reprises<span class=\"_ _273\"> </span>(9)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(2)<span class=\"_ _1dc\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _aa\"> </span>(1)<span class=\"_ _c8\"> </span>(16)Utilisations de l\u2019<span class=\"_ _0\"></span>exercice<span class=\"_ _146\"> </span>(2)<span class=\"_ _178\"> </span>-<span class=\"_ _7a\"> </span>(3)<span class=\"_ _83\"> </span>(<span class=\"_ _3\"></span>22)<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _5c\"> </span></span>(32)\u00c9<span class=\"_ _0\"></span>carts de conversion et autres mouvements<span class=\"_ _32b\"> </span>-<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _17d\"> </span></span>1<span class=\"_ _1dc\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _1a4\"> </span></span>3<span class=\"_ _7a\"> </span><span class=\"ls52 ws52\">(6)</span>AU 31\ue662D\u00c9CEMBRE 2022<span class=\"_ _359\"> </span><span class=\"ffb4b\">19<span class=\"_ _d7\"> </span>18<span class=\"_ _58\"> </span></span><span class=\"ls53 ws53\">24<span class=\"_ _186\"> </span></span>10<span class=\"_ _97\"> </span><span class=\"ffb4b\">-<span class=\"_ _1da\"> </span></span><span class=\"ls70 ws70\">70</span>Dont cour<span class=\"_ _0\"></span>ant<span class=\"_ _19e\"> </span>19<span class=\"_ _9e\"> </span>8<span class=\"_ _9a\"> </span>6<span class=\"_ _d7\"> </span>10<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>43Dont non cour<span class=\"_ _0\"></span>ant<span class=\"_ _347\"> </span>-<span class=\"_ _186\"> </span>10<span class=\"_ _191\"> </span>18<span class=\"_ _178\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>28\ue61f\ue61bLes <span class=\"_ _3\"></span>provisions <span class=\"_ _3\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>principalement <span class=\"_ _3\"></span>li\u00e9es <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>(indemnit\u00e9s <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>fin <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>contrat <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>salari\u00e9s <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>fermeture <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>locaux) des activit\u00e9s poursuivies.10.2<span class=\"_ _4d\"> </span>Risques et litigesGRI<span class=\"ffb55 fc1 ls4b ws4b\"> [2</span>\u201125 Processus de r<span class=\"_ _0\"></span>em\u00e9diation des impacts n\u00e9gatifs] [2\u201127 Conformit\u00e9 aux l\u00e9gislations e<span class=\"_ _0\"></span>t aux r\u00e9glementations]D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>courante, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>f<span class=\"_ _0\"></span>aire <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_\"> </span>de proc\u00e9dures <span class=\"_ _3b\"></span>judiciaires <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>contr\u00f4les <span class=\"_ _3b\"></span>fiscaux, <span class=\"_ _37\"></span>douaniers <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>administratifs. Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe enregistre une provision <span class=\"_ _3\"></span>chaque fois <span class=\"_ _3\"></span>qu\u2019un risque <span class=\"_ _3\"></span>constitue une </span>obligation <span class=\"_ _61\"> </span>vis-\u00e0-vis <span class=\"_ _61\"> </span>d\u2019un <span class=\"_ _60\"> </span>tiers <span class=\"_ _61\"> </span>dont <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>passif <span class=\"_ _61\"> </span>potentiel <span class=\"_ _60\"> </span>susceptible <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>en r\u00e9sulter <span class=\"_ _3\"></span>peut <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>estim\u00e9 <span class=\"_ _3b\"></span>avec <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>pr\u00e9cision <span class=\"_ _3\"></span>su\ue61esante. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>proc\u00e9dures <span class=\"_ _3b\"></span>en cours les plus significatives sont les suivantes\ue61d:Proc\u00e9dur<span class=\"_ _0\"></span>e fiscale au Br\u00e9silLes <span class=\"_\"> </span>autorit\u00e9s <span class=\"_ _44\"> </span>fiscales <span class=\"_\"> </span>Br\u00e9siliennes <span class=\"_\"> </span>ont <span class=\"_\"> </span>notifi\u00e9 <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Br<span class=\"_ _0\"></span>asil <span class=\"_\"> </span>Midia <span class=\"_\"> </span>E Entr<span class=\"_ _0\"></span>etenimento <span class=\"_ _44\"> </span>L<span class=\"_ _1\"></span>TD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>un <span class=\"_ _44\"></span>redr<span class=\"_ _0\"></span>essement <span class=\"_ _44\"> </span>fiscal <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>exercices <span class=\"_ _44\"></span>2014 <span class=\"_ _37\"></span>et 2015. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conteste <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>totalit\u00e9 <span class=\"_\"> </span>du <span class=\"_\"> </span>redressement <span class=\"_ _44\"> </span>devant <span class=\"_\"> </span>les <span class=\"_\"> </span>tribunaux comp\u00e9tents <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>eu <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>favorable <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cour <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>premi\u00e8re <span class=\"_ _3\"></span>instance. La <span class=\"_ _3b\"></span>Receita <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>ederal <span class=\"_ _3b\"></span>Brasil <span class=\"_ _3b\"></span>(autorit\u00e9 <span class=\"_ _3b\"></span>fiscale <span class=\"_ _3b\"></span>f\u00e9d\u00e9rale) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>fait <span class=\"_ _3b\"></span>appel <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva est en attente du jugement de cet appel.Association des anciens salari\u00e9s de RCA du Comt\u00e9 de T<span class=\"_ _49\"></span>aoyuanV<span class=\"_ _1\"></span>antiva, certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>lectric <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>poursuivis <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>une association <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>(ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>ayants<span class=\"ffb56\">\u2011</span>droits <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s) <span class=\"_ _44\"> </span>d\u2019une ancienne <span class=\"_ _65\"> </span>usine <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT<span class=\"_ _3\"></span>). <span class=\"_ _65\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>association <span class=\"_ _65\"> </span>soutient <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les plaignants <span class=\"_ _46\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>expos\u00e9s <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _61\"> </span>contaminants <span class=\"_ _46\"> </span>lorsqu\u2019ils <span class=\"_ _61\"> </span>vivaient <span class=\"_ _46\"> </span>et travaillaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019usine, <span class=\"_ _46\"> </span>ce <span class=\"_ _61\"> </span>qui <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>eux <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>caus\u00e9 <span class=\"_ _61\"> </span>diverses <span class=\"_ _46\"> </span>maladies, notamment des <span class=\"_ _3\"></span>cancers, ou a g\u00e9n\u00e9r\u00e9 <span class=\"_ _3\"></span>un stress \u00e9motionnel <span class=\"_ _3\"></span>li\u00e9 \u00e0 la <span class=\"_ _3\"></span>peur que leur <span class=\"_ _44\"></span>travail <span class=\"_ _37\"></span>et <span class=\"_ _44\"></span>leurs <span class=\"_ _37\"></span>conditions <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>vie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>l\u2019usine <span class=\"_ _37\"></span>n\u2019augmentent <span class=\"_ _37\"></span>le <span class=\"_ _44\"> </span>risque <span class=\"_ _37\"></span>de maladie.Apr\u00e8s <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>tribunal <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>appel <span class=\"_ _3b\"></span>devant <span class=\"_ _3b\"></span>la Haute <span class=\"_\"> </span>Cour <span class=\"_\"> </span>taiwanaise <span class=\"_ _46\"> </span>(premi\u00e8re <span class=\"_\"> </span>Cour <span class=\"_\"> </span>d\u2019appel), <span class=\"_\"> </span>la <span class=\"_\"> </span>Cour <span class=\"_ _46\"> </span>Supr\u00eame <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>aiwan, en ao\u00fbt\ue61d2018\ue61d:(i)a <span class=\"_ _60\"> </span>confirm\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _61\"> </span>Cour <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>aiwanaise <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>accorder 518\ue61dmillions <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>NTD <span class=\"_\"> </span>(15,8\ue61dmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>change <span class=\"_ _61\"> </span>en vigueur <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _60\"> </span>2022) <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>dommages <span class=\"_ _64\"> </span>et <span class=\"_ _61\"> </span>int\u00e9r\u00eats <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>260 plaignants\ue61d;(ii)a <span class=\"_ _3\"></span>cass\u00e9 <span class=\"_ _3\"></span>la d\u00e9cision <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demande <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>246 plaignants et <span class=\"_ _64\"> </span>renvoy\u00e9 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>affaire <span class=\"_ _64\"> </span>devant <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _64\"> </span>Cour <span class=\"_ _64\"> </span>taiwanaise <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>ces plaignants.General <span class=\"_ _44\"> </span>Electric <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>vers\u00e9 <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>T<span class=\"_ _f\"></span>ribunal <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>montant <span class=\"_ _47\"> </span>total <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>d\u00e9cision <span class=\"_\"> </span>en d\u00e9cembre\ue61d2019<span class=\"_ _0\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">5\ue61dmars 2020, la <span class=\"_ _3\"></span>Haute Cour taiwanaise <span class=\"_ _3\"></span>a statu\u00e9 <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>demande des <span class=\"_ _3\"></span>246 </span>plaignants <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>accord\u00e9 <span class=\"_ _37\"></span>54,7\ue61dmillions <span class=\"_ _37\"></span>NTD <span class=\"_ _44\"></span>(1,6\ue61dmillion <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"></span>au <span class=\"_ _3b\"></span>taux <span class=\"_ _44\"></span>de change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dommages <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>int\u00e9r\u00eats. Cette d\u00e9cision est en appel devant la Cour Supr<span class=\"_ _0\"></span>\u00eame de T<span class=\"_ _f\"></span>aiwan.En <span class=\"_ _61\"> </span>2016, <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>engag\u00e9 <span class=\"_ _61\"> </span>un <span class=\"_ _46\"> </span>nouveau <span class=\"_ _61\"> </span>proc\u00e8s <span class=\"_ _61\"> </span>contre <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>et certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Electric <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>nom <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nouveaux <span class=\"_ _3\"></span>membres<span class=\"_ _0\"></span>, faisant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>all\u00e9gations <span class=\"_\"> </span>pratiquement <span class=\"_\"> </span>identiques <span class=\"_ _47\"> </span>\u00e0 <span class=\"_\"> </span>celles <span class=\"_ _44\"> </span>port\u00e9es <span class=\"_\"> </span>lors <span class=\"_\"> </span>du premier <span class=\"_ _44\"></span>proc\u00e8s<span class=\"_ _0\"></span>. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>tribunal <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>aipei <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>d\u00e9lib\u00e9r\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>27\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2019 <span class=\"_ _44\"> </span>et accord\u00e9 environ 2,3\ue61dmilliards de NTD (<span class=\"_ _3\"></span>70\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 taux de change en <span class=\"_ _3b\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>int\u00e9r\u00eats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>retard. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _6c\"> </span>General <span class=\"_ _6b\"> </span>Electric <span class=\"_ _6c\"> </span>sont <span class=\"_ _6c\"> </span>tenus <span class=\"_ _6b\"> </span>conjointement <span class=\"_ _6c\"> </span>et <span class=\"_ _6c\"> </span>solidairement responsables<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>a <span class=\"_ _61\"> </span>interjet\u00e9 <span class=\"_ _46\"> </span>appel <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_ _46\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>la Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>ta\u00efwanaise en <span class=\"_ _3b\"></span>janvier\ue61d2020 et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61davril <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>a rendu un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>1,667\ue61dmilliard de <span class=\"_ _3\"></span>NTD <span class=\"_ _3\"></span>(51\ue61dmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>au taux de <span class=\"_ _3\"></span>change au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) pour <span class=\"_ _3\"></span>1\ue61d112 <span class=\"_ _3\"></span>plaintes. Cette <span class=\"_ _3\"></span>d\u00e9cision <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>en appel <span class=\"_ _3\"></span>devant <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>supr\u00eame <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>raison <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>saisie <span class=\"_ _3b\"></span>e\ue61cectu\u00e9e par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>certains <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>GE, <span class=\"_ _3\"></span>GE <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>d\u00e9pos\u00e9 <span class=\"_ _3\"></span>aupr\u00e8s <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>tribunal de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>a\u00efwan <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>garantie <span class=\"_ _3b\"></span>bancaire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>3\ue61dmilliards <span class=\"_ _3b\"></span>NTD <span class=\"_ _37\"></span>(91,7\ue61dmillions <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os au taux de change du 31\ue61dd\u00e9cembre 2022).V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>et <span class=\"_ _44\"></span>ses <span class=\"_ _37\"></span>filiales <span class=\"_ _37\"></span>a\ue61erment, <span class=\"_ _37\"></span>entre <span class=\"_ _37\"></span>autres, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>T<span class=\"_ _0\"></span>CETVT <span class=\"_ _44\"></span>a <span class=\"_ _37\"></span>exerc\u00e9 <span class=\"_ _3b\"></span>son activit\u00e9 <span class=\"_ _61\"> </span>moins <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>quatre <span class=\"_ _61\"> </span>ann\u00e9es <span class=\"_ _61\"> </span>apr\u00e8s <span class=\"_ _61\"> </span>son <span class=\"_ _60\"> </span>rachat <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>General Electric, <span class=\"_ _3b\"></span>tandis <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>General <span class=\"_ _3b\"></span>Electric <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>son <span class=\"_ _3b\"></span>pr\u00e9d\u00e9cesseur <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charge <span class=\"_ _3b\"></span>RCA Corporation, <span class=\"_\"> </span>ont <span class=\"_ _47\"> </span>poss\u00e9d\u00e9 <span class=\"_\"> </span>et <span class=\"_\"> </span>exploit\u00e9 <span class=\"_\"> </span>T<span class=\"_ _1\"></span>CETVT <span class=\"_\"> </span>pendant <span class=\"_\"> </span>une <span class=\"_\"> </span>vingtaine d\u2019<span class=\"_ _0\"></span>ann\u00e9es.D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>l\u2019hypoth\u00e8se <span class=\"_ _37\"></span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>l\u2019une <span class=\"_\"> </span>de <span class=\"_ _44\"></span>ses <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>serait <span class=\"_ _44\"> </span>finalement tenu <span class=\"_ _3\"></span>responsable ou <span class=\"_ _3\"></span>r\u00e8glerait <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>litige, les <span class=\"_ _3\"></span>montants <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>av\u00e9rer <span class=\"_ _3\"></span>\u00eatre \u00e9lev\u00e9s. <span class=\"_\"> </span><span class=\"ls4 ws4\">Il <span class=\"_\"> </span></span>y <span class=\"_\"> </span>a <span class=\"_\"> </span>actuellement <span class=\"_\"> </span>trop <span class=\"_\"> </span>d\u2019incertitudes <span class=\"_ _46\"> </span>pour <span class=\"_ _46\"> </span>\u00e9valuer <span class=\"_\"> </span>de <span class=\"_\"> </span>mani\u00e8re pr\u00e9cise le <span class=\"_ _3\"></span>montant que <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva ou l\u2019une <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>devrait r\u00e9gler dans <span class=\"_ _3\"></span>le cadre de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>proc\u00e9dures. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dispose <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rents moyens afin de <span class=\"_ _3\"></span>r\u00e9duire tout <span class=\"_ _3\"></span>risque, y compris <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>dommages et <span class=\"_ _3\"></span>int\u00e9r\u00eats qui <span class=\"_ _3\"></span>seraient dus par General E<span class=\"_ _0\"></span>lectric et autres.Enqu\u00eates et pr<span class=\"_ _0\"></span>oc\u00e8s dans l\u2019<span class=\"_ _0\"></span>affaire T<span class=\"_ _49\"></span>ubes cathodiques\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb56\">\u2011</span>UnisEn <span class=\"_ _44\"></span><span class=\"ls0 ws0\">septembre\ue61d2019<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>parties <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>d\u00e9fense <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>conclu <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>amendements </span>aux <span class=\"_ _6f\"> </span>accords <span class=\"_ _4c\"> </span>transactionnels <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>certaines <span class=\"_ _4c\"> </span>associations <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>acheteurs indirects<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"></span>lesquels <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>associations <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>accept\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>restituer <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>part r\u00e9duite <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>parties <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>d\u00e9fense, <span class=\"_ _3\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, avec <span class=\"_ _37\"></span>exclusion <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>demandeurs <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>neuf <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>am\u00e9ricains <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ces <span class=\"_ _44\"> </span>accords transactionnels amend\u00e9s<span class=\"_ _0\"></span>.\ue61dAlors que les accords transactionnels amend\u00e9s ont re\u00e7u l\u2019<span class=\"_ _1\"></span>approbation finale du <span class=\"_ _3\"></span>\u00ab\ue61dUS <span class=\"_ _3b\"></span>District <span class=\"_ _3\"></span>Court\ue61d\u00bb, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>associations <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acheteurs <span class=\"_ _3b\"></span>indirects <span class=\"_ _3\"></span>exclues <span class=\"_ _3\"></span>(les \u00e9tats <span class=\"_ _37\"></span>dits <span class=\"_ _37\"></span>Omitted <span class=\"_ _37\"></span>Repealer <span class=\"_ _37\"></span>(\u00ab\ue61dORS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Non<span class=\"_ _3\"></span></span><span class=\"ffb56\">\u2011</span>Repealer <span class=\"_ _3b\"></span>(\u00ab\ue61dNRS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>ont fait <span class=\"_\"> </span>appel <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision, <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>que <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dUS <span class=\"_ _46\"> </span>District Court\ue61d\u00bb <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>rejeter <span class=\"_ _66\"> </span>leurs <span class=\"_ _6f\"> </span>demandes <span class=\"_ _4c\"> </span>d\u2019intervenir <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>proc\u00e9dure d\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>r\u00e8glement <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>litige <span class=\"_ _44\"> </span>multidistrict, <span class=\"_ _44\"> </span>devant <span class=\"_ _44\"></span>la <span class=\"_ _44\"></span>cour d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _46\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dNinth <span class=\"_ _46\"> </span>Circuit\ue61d\u00bb. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>22\ue61dseptembre <span class=\"_ _46\"> </span>2021, <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>Ninth <span class=\"_\"> </span>Circuit <span class=\"_ _46\"> </span>a confirm\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>d\u00e9cisions <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>District <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>ourt <span class=\"_ _65\"> </span>concernant <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>accords transactionnels <span class=\"_ _3\"></span>amend\u00e9s. <span class=\"_ _3\"></span><span class=\"ls69 ws69\">Et<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>le <span class=\"_ _3b\"></span>23\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Ninth <span class=\"_ _3\"></span>Circuit <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>rejet\u00e9 les <span class=\"_ _37\"></span>requ\u00eates <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>classes <span class=\"_ _37\"></span>ORS <span class=\"_ _44\"></span>et <span class=\"_ _3b\"></span>NRS <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>nouvelle <span class=\"_ _37\"></span>audition <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une nouvelle <span class=\"_ _3\"></span>audition <span class=\"_ _3b\"></span>\u00ab\ue61den <span class=\"_ _3b\"></span>banc\ue61d\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>classes <span class=\"_ _3b\"></span>ORS <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>NRS <span class=\"_ _3b\"></span>ont <span class=\"_ _3b\"></span>demand\u00e9 <span class=\"_ _3\"></span>une certiorari/r\u00e9vision <span class=\"_\"> </span>par <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Cour <span class=\"_\"> </span>supr\u00eame <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>\u00c9tats<span class=\"ffb56\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>refus\u00e9 <span class=\"_ _61\"> </span>la certiorari/r\u00e9vision <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>13\ue61djuin <span class=\"_ _37\"></span>2022. <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>n\u2019est <span class=\"_ _3b\"></span>maintenant <span class=\"_ _3b\"></span>techniquement plus <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les a\ue61caires <span class=\"_ _3\"></span>CRT<span class=\"_ _f\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>16\ue61dseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cependant, <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>motion visant <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>modifier <span class=\"_ _64\"> </span>une <span class=\"_ _60\"> </span>plainte <span class=\"_ _60\"> </span>collective <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>acheteurs <span class=\"_ _64\"> </span>indirects <span class=\"_ _61\"> </span>d\u00e9pos\u00e9e pr\u00e9c\u00e9demment a \u00e9t\u00e9 d\u00e9pos\u00e9e dans <span class=\"_ _3\"></span>le tribunal de district MDL <span class=\"_ _3\"></span>au nom des membres <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>classe <span class=\"_\"> </span>repr\u00e9sentant <span class=\"_\"> </span>plusieurs <span class=\"_\"> </span>\u00c9tats<span class=\"_ _0\"></span>. <span class=\"_\"> </span>La <span class=\"_\"> </span>plainte <span class=\"_ _46\"> </span>modifi\u00e9e propos\u00e9e <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>nomme <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tant <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>d\u00e9fendeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>all\u00e8gue <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>se <span class=\"_ _3\"></span>r\u00e9serve <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>droit <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>modifier <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>nouveau <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>plainte <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir <span class=\"_ _3\"></span>et de <span class=\"_ _61\"> </span>nommer <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>tant <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>d\u00e9fendeur<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>d\u00e9fendeurs <span class=\"_ _61\"> </span>qui <span class=\"_ _60\"> </span>sont nomm\u00e9s <span class=\"_ _3b\"></span>dans <span class=\"_ _37\"></span>cette <span class=\"_ _3b\"></span>proposition <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>plainte <span class=\"_ _3b\"></span>modifi\u00e9e <span class=\"_ _37\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>oppos\u00e9s <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la motion. <span class=\"ls4 ws4\">Le </span>District Court n\u2019<span class=\"_ _1\"></span>a pas encore statu\u00e9 sur cette question.Eur<span class=\"_ _0\"></span>opeDepuis <span class=\"_ _61\"> </span>2014, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>se <span class=\"_ _60\"> </span>d\u00e9fend <span class=\"_ _64\"> </span>\u00e9galement <span class=\"_ _60\"> </span>avec <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>d\u00e9fendeurs (Samsung, <span class=\"_ _60\"> </span><span class=\"ls7a ws7a\">LG<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>Philips, <span class=\"_ _60\"> </span><span class=\"ffb5d ls4 ws4\">etc.<span class=\"_ _3\"></span></span>), <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>plusieurs <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>justice <span class=\"_ _60\"> </span>devant diverses <span class=\"_ _3b\"></span>juridictions <span class=\"_ _37\"></span>nationales <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"></span></span>europ\u00e9ens. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>s\u2019agit <span class=\"_ _3b\"></span>principalement d\u2019<span class=\"_ _0\"></span>all\u00e9gation de pratiques anticoncurrentielles dans <span class=\"_ _3\"></span>l\u2019industrie des CRT dans le <span class=\"_ _3\"></span>sillage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Commission <span class=\"_ _3\"></span>Europ\u00e9enne <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2012 en <span class=\"_ _65\"> </span>vertu <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>laquelle <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>a <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>condamn\u00e9 <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>amende <span class=\"_ _66\"> </span>de 38,6\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>r\u00e9sultant <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>d\u2019entente<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>litiges <span class=\"_ _3b\"></span>toujours <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours sont les suivants<span class=\"_ _0\"></span>.Aux <span class=\"_ _37\"></span><span class=\"ls3 ws3\">Pa<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas, <span class=\"_ _37\"></span>une <span class=\"_ _44\"> </span>proc\u00e9dure <span class=\"_ _37\"></span>judiciaire <span class=\"_ _44\"></span>engag\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>V<span class=\"_ _f\"></span>estel, <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>fabricant turc <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>t\u00e9l\u00e9viseurs, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vertu <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3b\"></span>turque <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>toujours <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours. <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>estel <span class=\"_ _3\"></span>a \u00e9galement <span class=\"_ _61\"> </span>intent\u00e9 <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>poursuites <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>urquie, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>rejet\u00e9es <span class=\"_ _61\"> </span>en premi\u00e8re <span class=\"_ _44\"> </span>instance <span class=\"_\"> </span>puis <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>cour <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _44\"> </span>r\u00e9gionale <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9cembre\ue61f2020 ainsi <span class=\"_ _3\"></span>qu\u2019<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>f\u00e9vrier\ue61f2021. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>estel <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>port\u00e9 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>devant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>Supr\u00eame \u00e0 l\u2019<span class=\"_ _0\"></span>encontre de cette d\u00e9cision ayant rejet\u00e9 sa demande de f<span class=\"_ _0\"></span>aire appel.\u00c0 <span class=\"_ _3\"></span>ce <span class=\"_ _3b\"></span>stade, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>mesure <span class=\"_ _3\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluer <span class=\"_ _3b\"></span>l\u2019issue <span class=\"_ _3\"></span>\u00e9ventuelle <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces a\ue61eaires <span class=\"_ _3\"></span>ni <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>risques <span class=\"_ _3\"></span>encourus <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>raison <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>complexit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>proc\u00e9dures<span class=\"_ _0\"></span>. Selon <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>juridictions, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>d\u00e9cisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>responsabilit\u00e9 <span class=\"_ _3\"></span>puis, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>\u00e9ch\u00e9ant sur <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>dommages <span class=\"_\"> </span>ne <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>attendues <span class=\"_ _44\"> </span>avant <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>premier trimestre 2023.V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>se <span class=\"_ _61\"> </span>d\u00e9fendait <span class=\"_ _61\"> </span>\u00e9galement <span class=\"_ _61\"> </span>(i) <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>a\ue61eaire <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>Roy<span class=\"_ _0\"></span>aume<span class=\"ffb5e\">\u2011</span>Uni contre <span class=\"_ _44\"> </span>Arcelik, <span class=\"_ _44\"></span>un <span class=\"_ _44\"> </span>fabricant <span class=\"_ _44\"></span>turc, <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>transig\u00e9e <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>f\u00e9vrier\ue61f2020, <span class=\"_ _47\"> </span>(ii) deux <span class=\"_ _65\"> </span>litiges <span class=\"_ _65\"> </span>contre <span class=\"_ _65\"> </span>trois <span class=\"_ _65\"> </span>anciens <span class=\"_ _64\"> </span>fabricants <span class=\"_ _65\"> </span>allemands <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>t\u00e9l\u00e9viseurs (<span class=\"_ _0\"></span>Grundig <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>Loewe/Metz) en <span class=\"_ _3\"></span>vertu <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>droit allemand <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 transig\u00e9s en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2020, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(iii) <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>litiges <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span><span class=\"ls3 ws3\">Pay<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas <span class=\"_ _3b\"></span>contre <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>fabricants br\u00e9siliens <span class=\"_ _6c\"> </span>de <span class=\"_ _1c7\"> </span>t\u00e9l\u00e9viseurs <span class=\"_ _2a\"> </span>qui <span class=\"_ _2a\"> </span>ont <span class=\"_ _1c7\"> </span>\u00e9t\u00e9 <span class=\"_ _2a\"> </span>\u00e9galement <span class=\"_ _2a\"> </span>transig\u00e9s <span class=\"_ _2a\"> </span>en novembre\ue61f2021.Questions environnementalesCertains sites actuels et pass\u00e9s de fabrication du Gr<span class=\"_ _0\"></span>oupe ont un long pass\u00e9 industriel. Les <span class=\"_ _3\"></span>contaminations des <span class=\"_ _3\"></span>sols <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>eaux <span class=\"_ _3\"></span>souterraines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>se sont d\u00e9j\u00e0 produites <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>quelques sites, <span class=\"_ _3\"></span>pourraient se <span class=\"_ _3\"></span>produire \u00e0 <span class=\"_ _3\"></span>nouveau ou <span class=\"_ _3\"></span>\u00eatre d\u00e9couvertes <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir<span class=\"_ _1\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>rejets <span class=\"_ _3\"></span>industriels <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>que V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cr\u00e9\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>acquis <span class=\"_ _3b\"></span>exposent <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pollution. Le <span class=\"ls0 ws0\">Groupe a <span class=\"_ _3\"></span>identifi\u00e9 certains sites <span class=\"_ _3\"></span>dont la contamination chimique <span class=\"_ _3\"></span>a exig\u00e9 </span>ou <span class=\"ls4 ws4\">va </span>exiger la mise en \u0153uvre de mesures de d\u00e9pollution.Une <span class=\"_ _44\"> </span>contamination <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>sol <span class=\"_ _47\"> </span>et <span class=\"_ _44\"></span>des <span class=\"_ _44\"> </span>eaux <span class=\"_ _44\"> </span>souterraines <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>d\u00e9tect\u00e9e <span class=\"_ _44\"> </span>pr\u00e8s d\u2019un <span class=\"_ _44\"> </span>ancien <span class=\"_ _47\"> </span>site <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>fabrication, <span class=\"_ _44\"> </span>situ\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"></span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _44\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan) <span class=\"_ _44\"> </span>acquis <span class=\"_\"> </span>en\ue61f1987 dans le cadre d\u2019une op\u00e9ration entre Gener<span class=\"_ _0\"></span>al Electric (<span class=\"_ _0\"></span>GE) et <span class=\"_ _3\"></span>le Groupe<span class=\"_ _0\"></span>. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>1992, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>site <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>un promoteur <span class=\"_ _3b\"></span>local. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>d\u00e9pollution <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>sol <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 achev\u00e9e <span class=\"_ _2a\"> </span>en\ue61f1998. <span class=\"_ _1c7\"> </span>En\ue61f2002, <span class=\"_ _2a\"> </span>l\u2019<span class=\"_ _1\"></span>Agence <span class=\"_ _2a\"> </span>Locale <span class=\"_ _2a\"> </span>de <span class=\"_ _1c7\"> </span>Protection <span class=\"_ _2a\"> </span>de l\u2019Envir<span class=\"_ _0\"></span>onnement <span class=\"_ _61\"> </span>(\u00ab\ue61fALPE\ue61f\u00bb) <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>ordonn\u00e9 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>d\u00e9pollution <span class=\"_ _61\"> </span>des nappes <span class=\"_ _60\"> </span>phr\u00e9atiques <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ancien <span class=\"_ _64\"> </span>site<span class=\"_ _0\"></span>. <span class=\"_ _64\"> </span>Les <span class=\"_ _61\"> </span>travaux <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>satisfaire <span class=\"_ _60\"> </span>cette demande sont <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>ALPE <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT poursuivent <span class=\"_ _3\"></span>leurs <span class=\"_ _3\"></span>discussions sur <span class=\"_ _37\"></span>le <span class=\"_ _44\"></span>p\u00e9rim\u00e8tre <span class=\"_ _3b\"></span>des <span class=\"_ _44\"> </span>travaux <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _44\"> </span>engager<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>trouv\u00e9 <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>accord <span class=\"_ _37\"></span>avec GE <span class=\"_\"> </span>pour <span class=\"_\"> </span>se <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9partir <span class=\"_\"> </span>la <span class=\"_\"> </span>prise <span class=\"_\"> </span>en <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ge <span class=\"_\"> </span>des <span class=\"_\"> </span>travaux <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pollution <span class=\"_\"> </span>des nappes phr\u00e9atiques<span class=\"_ _0\"></span>.De <span class=\"_ _3\"></span><span class=\"ls0 ws0\">m\u00eame, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>vend ou <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vendu <span class=\"_ _3\"></span>dans le <span class=\"_ _3\"></span>pass\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>produits qui <span class=\"_ _3\"></span>sont </span>soumis <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>contraintes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recyclage, et, <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des changements <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9glementation <span class=\"_\"> </span>en <span class=\"_ _44\"></span>mati\u00e8re <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>recyclage <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>divers pays.Le <span class=\"_ _66\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _65\"> </span>estime <span class=\"_ _65\"> </span>que <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>montants <span class=\"_ _65\"> </span>provisionn\u00e9s <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>les <span class=\"_ _65\"> </span>garanties </span>contractuelles <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>il <span class=\"_ _37\"></span>dispose <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>contrats <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>de certains <span class=\"_ _64\"> </span>actifs <span class=\"_ _65\"> </span>industriels <span class=\"_ _64\"> </span>permettront <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>couvrir <span class=\"_ _64\"> </span>raisonnablement <span class=\"_ _65\"> </span>les obligations <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>s\u00e9curit\u00e9, <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>sant\u00e9 <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>environnement. <span class=\"_ _61\"> </span>Cependant, <span class=\"_ _61\"> </span>les probl\u00e8mes <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>pr\u00e9vus <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>certitude <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est pas <span class=\"_ _61\"> </span>possible <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>dire <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>montants <span class=\"_ _61\"> </span>provisionn\u00e9s <span class=\"_ _61\"> </span>seront <span class=\"_ _61\"> </span>parfaitement adapt\u00e9s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-244-5": {
   "value": "Une <span class=\"_ _3b\"></span>provision <span class=\"_ _37\"></span>est <span class=\"_ _37\"></span>constitu\u00e9e <span class=\"_ _37\"></span>lorsque, <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>date <span class=\"_ _44\"></span>de <span class=\"_ _3b\"></span>cl\u00f4ture, <span class=\"_ _3b\"></span>le <span class=\"_ _37\"></span>Groupe <span class=\"_ _37\"></span>a une <span class=\"_ _44\"> </span>obligation <span class=\"_ _44\"> </span>r\u00e9sultant <span class=\"_ _44\"> </span>d\u2019un <span class=\"_ _44\"> </span>\u00e9v\u00e9nement <span class=\"_ _44\"> </span>pass\u00e9 <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>dont <span class=\"_ _44\"> </span>il <span class=\"_ _44\"> </span>est <span class=\"_ _47\"> </span>probable qu\u2019<span class=\"_ _0\"></span>elle <span class=\"_ _44\"> </span>engendrera <span class=\"_ _44\"> </span>une <span class=\"_ _44\"> </span>sortie <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>ressources <span class=\"_ _44\"> </span>repr\u00e9sentative <span class=\"_ _37\"></span>d\u2019av<span class=\"_ _0\"></span>antages \u00e9conomiques futurs dont le montant peut \u00eatre estim\u00e9 de fa\u00e7on fiable<span class=\"_ _0\"></span>.L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>obligation <span class=\"_ _65\"> </span>peut <span class=\"_ _64\"> </span>d\u00e9couler <span class=\"_ _64\"> </span>d\u2019un <span class=\"_ _65\"> </span>contrat, <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>dispositions <span class=\"_ _64\"> </span>l\u00e9gales <span class=\"_ _65\"> </span>ou r\u00e9glementaires<span class=\"_ _0\"></span>, <span class=\"_ _44\"></span>ou <span class=\"_ _37\"></span>encore <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _37\"></span>implicite <span class=\"_ _37\"></span>d\u00e8s <span class=\"_ _44\"></span>lors <span class=\"_ _37\"></span>que, <span class=\"_ _37\"></span>par <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>pratiques pass\u00e9es, <span class=\"_ _64\"> </span>par <span class=\"_ _65\"> </span>sa <span class=\"_ _65\"> </span>politique <span class=\"_ _64\"> </span>a\ue61ech\u00e9e <span class=\"_ _65\"> </span>ou <span class=\"_ _65\"> </span>par <span class=\"_ _65\"> </span>une <span class=\"_ _64\"> </span>d\u00e9claration <span class=\"_ _65\"> </span>r\u00e9cente su\ue61esamment <span class=\"_ _46\"> </span>explicite, <span class=\"_ _46\"> </span>le <span class=\"_ _61\"> </span>Groupe <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>cr\u00e9\u00e9 <span class=\"_ _46\"> </span>chez <span class=\"_ _61\"> </span>des <span class=\"_ _46\"> </span>tiers <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>attente fond\u00e9e qu\u2019il assumera ce passif<span class=\"_ _1\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">montant <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>provision <span class=\"_ _3\"></span>repr\u00e9sente la <span class=\"_ _3b\"></span>meilleure <span class=\"_ _3\"></span>estimation </span>de la d\u00e9pense <span class=\"_ _3\"></span>n\u00e9cessaire \u00e0 l\u2019<span class=\"_ _0\"></span>extinction de <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>obligation actuelle \u00e0 <span class=\"_ _3\"></span>la date de cl\u00f4ture<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Si le montant de l\u2019<span class=\"_ _0\"></span>obligation ne peut <span class=\"_ _3\"></span>\u00eatre \u00e9valu\u00e9 avec une fiabilit\u00e9 su\ue61esante, <span class=\"_ _3\"></span>aucune <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>comptabilis\u00e9e <span class=\"_ _3b\"></span>mais <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>description <span class=\"_ _3b\"></span>de cette obligation <span class=\"_ _3\"></span>est pr\u00e9sent\u00e9e dans <span class=\"_ _3\"></span>les notes <span class=\"_ _3\"></span>annexes aux <span class=\"_ _3\"></span>\u00e9tats financiers consolid\u00e9s.Si <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _60\"> </span>est <span class=\"_ _61\"> </span>significatif<span class=\"_ _0\"></span>, <span class=\"_ _61\"> </span>le <span class=\"_ _61\"> </span>montant <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>provision comptabilis\u00e9e <span class=\"_\"> </span>correspond <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>la <span class=\"_\"> </span>valeur <span class=\"_\"> </span>actualis\u00e9e <span class=\"_ _46\"> </span>des <span class=\"_ _46\"> </span>d\u00e9penses <span class=\"_\"> </span>que <span class=\"_ _46\"> </span>le Groupe <span class=\"_ _6c\"> </span>s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _6c\"> </span>\u00e0 <span class=\"_ _2a\"> </span>devoir <span class=\"_ _6c\"> </span>encourir <span class=\"_ _2a\"> </span>pour <span class=\"_ _6c\"> </span>\u00e9teindre <span class=\"_ _6c\"> </span>l\u2019obligation correspondante<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>Cette <span class=\"_ _3b\"></span>valeur <span class=\"_ _3b\"></span>actualis\u00e9e <span class=\"_ _3b\"></span>est <span class=\"_ _37\"></span>d\u00e9termin\u00e9e <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>taux d\u2019<span class=\"_ _0\"></span>actualisation <span class=\"_ _37\"></span>avant <span class=\"_ _37\"></span>imp\u00f4ts <span class=\"_ _37\"></span>re\ufb02\u00e9tant <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _44\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>valeur <span class=\"_ _37\"></span>temps <span class=\"_ _37\"></span>de l\u2019<span class=\"_ _0\"></span>argent. <span class=\"_ _3b\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>e\ue61det <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9sactualisation <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>enregistr<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>\u00ab\ue61bAutres <span class=\"_ _3b\"></span>produits (charges) financiers nets\ue61b\u00bb.Principe comptable du Groupe sujet \u00e0 estimations et jugementsLe <span class=\"ls0 ws0\">jugement de la Direction est requis pour l\u2019<span class=\"_ _1\"></span>analyse des risques et litiges, </span>y <span class=\"_ _37\"></span>compris <span class=\"_ _37\"></span>l\u2019<span class=\"_ _0\"></span>estimation <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>la <span class=\"_ _37\"></span>probabilit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>d\u00e9nouements <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>litiges <span class=\"_ _37\"></span>en cours <span class=\"_\"> </span>et <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _46\"> </span>venir<span class=\"_ _0\"></span>, <span class=\"_\"> </span>qui <span class=\"_ _46\"> </span>sont, <span class=\"_ _46\"> </span>par <span class=\"_ _46\"> </span>leur <span class=\"_ _46\"> </span>nature, <span class=\"_\"> </span>d\u00e9pendants <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>\u00e9v\u00e9nements futurs <span class=\"_ _65\"> </span>n\u00e9cessair<span class=\"_ _0\"></span>ement <span class=\"_ _65\"> </span>incertains. <span class=\"_ _64\"> </span>P<span class=\"_ _0\"></span>our <span class=\"_ _65\"> </span>d\u00e9terminer <span class=\"_ _64\"> </span>les <span class=\"_ _65\"> </span>d\u00e9nouements possibles <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>litiges <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>risques <span class=\"_ _61\"> </span>fiscaux <span class=\"_ _61\"> </span>etc<span class=\"_ _3\"></span>., <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Direction <span class=\"_ _61\"> </span>s\u2019<span class=\"_ _0\"></span>appuie <span class=\"_ _61\"> </span>sur l\u2019<span class=\"_ _0\"></span>\u00e9valuation r\u00e9alis\u00e9e <span class=\"_ _3\"></span>par des <span class=\"_ _3\"></span>conseils externes <span class=\"_ _3\"></span>connaissant <span class=\"_ _3\"></span>chaque dossier<span class=\"_ _0\"></span>, ainsi que sur les jurisprudences connues.Pro<span class=\"_ _0\"></span>visions pour restructurationLe <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">Groupe <span class=\"_ _3b\"></span>comptabilise <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>provision <span class=\"_ _3b\"></span>pour <span class=\"_ _3b\"></span>restructuration <span class=\"_ _3b\"></span>au <span class=\"_ _3b\"></span>cours <span class=\"_ _37\"></span>de </span>l\u2019<span class=\"_ _0\"></span>exercice <span class=\"_ _3b\"></span>d\u00e8s <span class=\"_ _3b\"></span>lors <span class=\"_ _3b\"></span>qu\u2019il <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>une <span class=\"_ _3b\"></span>obligation <span class=\"_ _3b\"></span>implicite <span class=\"_ _37\"></span>vis-\u00e0-vis <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tiers, <span class=\"_ _3b\"></span>ayant pour <span class=\"_ _61\"> </span>origine <span class=\"_ _61\"> </span>une <span class=\"_ _46\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>du <span class=\"_ _61\"> </span>Groupe <span class=\"_ _61\"> </span>mat\u00e9rialis\u00e9e <span class=\"_ _61\"> </span>avant <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>date <span class=\"_ _61\"> </span>de cl\u00f4ture par\ue61b:\u2022l\u2019<span class=\"_ _0\"></span>existence <span class=\"_ _3b\"></span>d\u2019un <span class=\"_ _3\"></span>plan <span class=\"_ _3b\"></span>d\u00e9taill\u00e9 <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>formalis\u00e9 <span class=\"_ _3\"></span>pr\u00e9cisant <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>sites <span class=\"_ _3b\"></span>concern\u00e9s, la <span class=\"_ _44\"> </span>localisation, <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>fonction <span class=\"_ _44\"> </span>et <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>nombre <span class=\"_ _44\"> </span>approximatif <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>personnes concern\u00e9es, la <span class=\"_ _3b\"></span>nature des <span class=\"_ _3b\"></span>d\u00e9penses <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>seront <span class=\"_ _3\"></span>engag\u00e9es <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>date <span class=\"_ _3\"></span>de mise en \u0153uvre du plan\ue61b; et\u2022l\u2019<span class=\"_ _0\"></span>annonce de ce plan aux tiers concern\u00e9s par celui<span class=\"ffb4f\">\u2011</span>ci.La provision n\u2019inclut que les d\u00e9penses directement li\u00e9es au plan.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-247-5": {
   "value": "10.2<span class=\"_ _4d\"> </span>Risques et litigesGRI<span class=\"ffb55 fc1 ls4b ws4b\"> [2</span>\u201125 Processus de r<span class=\"_ _0\"></span>em\u00e9diation des impacts n\u00e9gatifs] [2\u201127 Conformit\u00e9 aux l\u00e9gislations e<span class=\"_ _0\"></span>t aux r\u00e9glementations]D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_\"> </span>activit\u00e9 <span class=\"_ _44\"> </span>courante, <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>Groupe <span class=\"_ _44\"> </span>peut <span class=\"_\"> </span>f<span class=\"_ _0\"></span>aire <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>objet <span class=\"_\"> </span>de proc\u00e9dures <span class=\"_ _3b\"></span>judiciaires <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>contr\u00f4les <span class=\"_ _3b\"></span>fiscaux, <span class=\"_ _37\"></span>douaniers <span class=\"_ _37\"></span>ou <span class=\"_ _37\"></span>administratifs. Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">Groupe enregistre une provision <span class=\"_ _3\"></span>chaque fois <span class=\"_ _3\"></span>qu\u2019un risque <span class=\"_ _3\"></span>constitue une </span>obligation <span class=\"_ _61\"> </span>vis-\u00e0-vis <span class=\"_ _61\"> </span>d\u2019un <span class=\"_ _60\"> </span>tiers <span class=\"_ _61\"> </span>dont <span class=\"_ _60\"> </span>le <span class=\"_ _60\"> </span>passif <span class=\"_ _61\"> </span>potentiel <span class=\"_ _60\"> </span>susceptible <span class=\"_ _61\"> </span>d\u2019<span class=\"_ _0\"></span>en r\u00e9sulter <span class=\"_ _3\"></span>peut <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>estim\u00e9 <span class=\"_ _3b\"></span>avec <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>pr\u00e9cision <span class=\"_ _3\"></span>su\ue61esante. <span class=\"_ _3b\"></span>Les <span class=\"_ _3\"></span>proc\u00e9dures <span class=\"_ _3b\"></span>en cours les plus significatives sont les suivantes\ue61d:Proc\u00e9dur<span class=\"_ _0\"></span>e fiscale au Br\u00e9silLes <span class=\"_\"> </span>autorit\u00e9s <span class=\"_ _44\"> </span>fiscales <span class=\"_\"> </span>Br\u00e9siliennes <span class=\"_\"> </span>ont <span class=\"_\"> </span>notifi\u00e9 <span class=\"_ _47\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_\"> </span>Br<span class=\"_ _0\"></span>asil <span class=\"_\"> </span>Midia <span class=\"_\"> </span>E Entr<span class=\"_ _0\"></span>etenimento <span class=\"_ _44\"> </span>L<span class=\"_ _1\"></span>TD<span class=\"_ _0\"></span>A <span class=\"_ _44\"> </span>un <span class=\"_ _44\"></span>redr<span class=\"_ _0\"></span>essement <span class=\"_ _44\"> </span>fiscal <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"></span>les <span class=\"_ _37\"></span>exercices <span class=\"_ _44\"></span>2014 <span class=\"_ _37\"></span>et 2015. <span class=\"_ _44\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>conteste <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>totalit\u00e9 <span class=\"_\"> </span>du <span class=\"_\"> </span>redressement <span class=\"_ _44\"> </span>devant <span class=\"_\"> </span>les <span class=\"_\"> </span>tribunaux comp\u00e9tents <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>eu <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>favorable <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>cour <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>premi\u00e8re <span class=\"_ _3\"></span>instance. La <span class=\"_ _3b\"></span>Receita <span class=\"_ _3b\"></span>F<span class=\"_ _0\"></span>ederal <span class=\"_ _3b\"></span>Brasil <span class=\"_ _3b\"></span>(autorit\u00e9 <span class=\"_ _3b\"></span>fiscale <span class=\"_ _3b\"></span>f\u00e9d\u00e9rale) <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>fait <span class=\"_ _3b\"></span>appel <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva est en attente du jugement de cet appel.Association des anciens salari\u00e9s de RCA du Comt\u00e9 de T<span class=\"_ _49\"></span>aoyuanV<span class=\"_ _1\"></span>antiva, certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>lectric <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>poursuivis <span class=\"_ _3\"></span>par <span class=\"_ _3\"></span>une association <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s <span class=\"_ _44\"> </span>(ou <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>ayants<span class=\"ffb56\">\u2011</span>droits <span class=\"_ _44\"> </span>d\u2019<span class=\"_ _0\"></span>anciens <span class=\"_ _47\"> </span>salari\u00e9s) <span class=\"_ _44\"> </span>d\u2019une ancienne <span class=\"_ _65\"> </span>usine <span class=\"_ _65\"> </span>\u00e0 <span class=\"_ _65\"> </span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT<span class=\"_ _3\"></span>). <span class=\"_ _65\"> </span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>association <span class=\"_ _65\"> </span>soutient <span class=\"_ _65\"> </span>que <span class=\"_ _65\"> </span>les plaignants <span class=\"_ _46\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>expos\u00e9s <span class=\"_ _46\"> </span>\u00e0 <span class=\"_ _61\"> </span>divers <span class=\"_ _61\"> </span>contaminants <span class=\"_ _46\"> </span>lorsqu\u2019ils <span class=\"_ _61\"> </span>vivaient <span class=\"_ _46\"> </span>et travaillaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _61\"> </span>l\u2019usine, <span class=\"_ _46\"> </span>ce <span class=\"_ _61\"> </span>qui <span class=\"_ _46\"> </span>selon <span class=\"_ _61\"> </span>eux <span class=\"_ _61\"> </span>leur <span class=\"_ _46\"> </span>a <span class=\"_ _61\"> </span>caus\u00e9 <span class=\"_ _61\"> </span>diverses <span class=\"_ _46\"> </span>maladies, notamment des <span class=\"_ _3\"></span>cancers, ou a g\u00e9n\u00e9r\u00e9 <span class=\"_ _3\"></span>un stress \u00e9motionnel <span class=\"_ _3\"></span>li\u00e9 \u00e0 la <span class=\"_ _3\"></span>peur que leur <span class=\"_ _44\"></span>travail <span class=\"_ _37\"></span>et <span class=\"_ _44\"></span>leurs <span class=\"_ _37\"></span>conditions <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>vie <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"></span>l\u2019usine <span class=\"_ _37\"></span>n\u2019augmentent <span class=\"_ _37\"></span>le <span class=\"_ _44\"> </span>risque <span class=\"_ _37\"></span>de maladie.Apr\u00e8s <span class=\"_ _3b\"></span>une <span class=\"_ _3b\"></span>premi\u00e8re <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3b\"></span>du <span class=\"_ _3b\"></span>tribunal <span class=\"_ _37\"></span>de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>aiwan <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>un <span class=\"_ _37\"></span>appel <span class=\"_ _3b\"></span>devant <span class=\"_ _3b\"></span>la Haute <span class=\"_\"> </span>Cour <span class=\"_\"> </span>taiwanaise <span class=\"_ _46\"> </span>(premi\u00e8re <span class=\"_\"> </span>Cour <span class=\"_\"> </span>d\u2019appel), <span class=\"_\"> </span>la <span class=\"_\"> </span>Cour <span class=\"_ _46\"> </span>Supr\u00eame <span class=\"_\"> </span>de T<span class=\"_ _23\"></span>aiwan, en ao\u00fbt\ue61d2018\ue61d:(i)a <span class=\"_ _60\"> </span>confirm\u00e9 <span class=\"_ _60\"> </span>la <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _61\"> </span>Cour <span class=\"_ _60\"> </span>T<span class=\"_ _23\"></span>aiwanaise <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>accorder 518\ue61dmillions <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>NTD <span class=\"_\"> </span>(15,8\ue61dmillions <span class=\"_\"> </span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _46\"> </span>au <span class=\"_ _61\"> </span>taux <span class=\"_\"> </span>de <span class=\"_ _46\"> </span>change <span class=\"_ _61\"> </span>en vigueur <span class=\"_ _60\"> </span>au <span class=\"_ _60\"> </span>31\ue61dd\u00e9cembre <span class=\"_ _60\"> </span>2022) <span class=\"_ _60\"> </span>de <span class=\"_ _60\"> </span>dommages <span class=\"_ _64\"> </span>et <span class=\"_ _61\"> </span>int\u00e9r\u00eats <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>260 plaignants\ue61d;(ii)a <span class=\"_ _3\"></span>cass\u00e9 <span class=\"_ _3\"></span>la d\u00e9cision <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>concerne <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>demande <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>246 plaignants et <span class=\"_ _64\"> </span>renvoy\u00e9 <span class=\"_ _64\"> </span>l\u2019<span class=\"_ _0\"></span>affaire <span class=\"_ _64\"> </span>devant <span class=\"_ _65\"> </span>la <span class=\"_ _64\"> </span>Haute <span class=\"_ _64\"> </span>Cour <span class=\"_ _64\"> </span>taiwanaise <span class=\"_ _64\"> </span>pour <span class=\"_ _65\"> </span>ces plaignants.General <span class=\"_ _44\"> </span>Electric <span class=\"_\"> </span>a <span class=\"_ _44\"> </span>vers\u00e9 <span class=\"_\"> </span>au <span class=\"_ _44\"> </span>T<span class=\"_ _f\"></span>ribunal <span class=\"_ _44\"> </span>le <span class=\"_\"> </span>montant <span class=\"_ _47\"> </span>total <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>d\u00e9cision <span class=\"_\"> </span>en d\u00e9cembre\ue61d2019<span class=\"_ _0\"></span>.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">5\ue61dmars 2020, la <span class=\"_ _3\"></span>Haute Cour taiwanaise <span class=\"_ _3\"></span>a statu\u00e9 <span class=\"_ _3\"></span>sur la <span class=\"_ _3\"></span>demande des <span class=\"_ _3\"></span>246 </span>plaignants <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>accord\u00e9 <span class=\"_ _37\"></span>54,7\ue61dmillions <span class=\"_ _37\"></span>NTD <span class=\"_ _44\"></span>(1,6\ue61dmillion <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os <span class=\"_ _44\"></span>au <span class=\"_ _3b\"></span>taux <span class=\"_ _44\"></span>de change <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>dommages <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>int\u00e9r\u00eats. Cette d\u00e9cision est en appel devant la Cour Supr<span class=\"_ _0\"></span>\u00eame de T<span class=\"_ _f\"></span>aiwan.En <span class=\"_ _61\"> </span>2016, <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _61\"> </span>a <span class=\"_ _61\"> </span>engag\u00e9 <span class=\"_ _61\"> </span>un <span class=\"_ _46\"> </span>nouveau <span class=\"_ _61\"> </span>proc\u00e8s <span class=\"_ _61\"> </span>contre <span class=\"_ _46\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>et certaines <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses <span class=\"_ _3\"></span>filiales <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>General <span class=\"_ _3\"></span>Electric <span class=\"_ _3\"></span>au <span class=\"_ _3\"></span>nom <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>nouveaux <span class=\"_ _3\"></span>membres<span class=\"_ _0\"></span>, faisant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>all\u00e9gations <span class=\"_\"> </span>pratiquement <span class=\"_\"> </span>identiques <span class=\"_ _47\"> </span>\u00e0 <span class=\"_\"> </span>celles <span class=\"_ _44\"> </span>port\u00e9es <span class=\"_\"> </span>lors <span class=\"_\"> </span>du premier <span class=\"_ _44\"></span>proc\u00e8s<span class=\"_ _0\"></span>. <span class=\"_ _44\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_ _44\"></span></span>tribunal <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>T<span class=\"_ _23\"></span>aipei <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>d\u00e9lib\u00e9r\u00e9 <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>27\ue61dd\u00e9cembre <span class=\"_ _44\"> </span>2019 <span class=\"_ _44\"> </span>et accord\u00e9 environ 2,3\ue61dmilliards de NTD (<span class=\"_ _3\"></span>70\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 taux de change en <span class=\"_ _3b\"></span>vigueur <span class=\"_ _3\"></span>au <span class=\"_ _3b\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) <span class=\"_ _3b\"></span>ainsi <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>des <span class=\"_ _3\"></span>int\u00e9r\u00eats <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>retard. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antivaet <span class=\"_ _6c\"> </span>General <span class=\"_ _6b\"> </span>Electric <span class=\"_ _6c\"> </span>sont <span class=\"_ _6c\"> </span>tenus <span class=\"_ _6b\"> </span>conjointement <span class=\"_ _6c\"> </span>et <span class=\"_ _6c\"> </span>solidairement responsables<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_\"> </span>a <span class=\"_ _61\"> </span>interjet\u00e9 <span class=\"_ _46\"> </span>appel <span class=\"_ _61\"> </span>de <span class=\"_\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_ _46\"> </span>aupr\u00e8s <span class=\"_ _46\"> </span>de <span class=\"_ _61\"> </span>la Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>ta\u00efwanaise en <span class=\"_ _3b\"></span>janvier\ue61d2020 et <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>21\ue61davril <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Haute <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>a rendu un <span class=\"_ _3\"></span>jugement <span class=\"_ _3\"></span>pour <span class=\"_ _3\"></span>1,667\ue61dmilliard de <span class=\"_ _3\"></span>NTD <span class=\"_ _3\"></span>(51\ue61dmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>au taux de <span class=\"_ _3\"></span>change au <span class=\"_ _3\"></span>31\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2022) pour <span class=\"_ _3\"></span>1\ue61d112 <span class=\"_ _3\"></span>plaintes. Cette <span class=\"_ _3\"></span>d\u00e9cision <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>en appel <span class=\"_ _3\"></span>devant <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>supr\u00eame <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan. <span class=\"_ _3\"></span><span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>raison <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3\"></span>saisie <span class=\"_ _3b\"></span>e\ue61cectu\u00e9e par <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>association <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>certains <span class=\"_ _3\"></span>actifs <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>GE, <span class=\"_ _3\"></span>GE <span class=\"_ _3b\"></span>a <span class=\"_ _3b\"></span>d\u00e9pos\u00e9 <span class=\"_ _3\"></span>aupr\u00e8s <span class=\"_ _3b\"></span>du <span class=\"_ _3\"></span>tribunal de <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>a\u00efwan <span class=\"_ _3b\"></span>une <span class=\"_ _37\"></span>garantie <span class=\"_ _3b\"></span>bancaire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>3\ue61dmilliards <span class=\"_ _3b\"></span>NTD <span class=\"_ _37\"></span>(91,7\ue61dmillions <span class=\"_ _3b\"></span>d\u2019eur<span class=\"_ _0\"></span>os au taux de change du 31\ue61dd\u00e9cembre 2022).V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>et <span class=\"_ _44\"></span>ses <span class=\"_ _37\"></span>filiales <span class=\"_ _37\"></span>a\ue61erment, <span class=\"_ _37\"></span>entre <span class=\"_ _37\"></span>autres, <span class=\"_ _37\"></span>que <span class=\"_ _37\"></span>T<span class=\"_ _0\"></span>CETVT <span class=\"_ _44\"></span>a <span class=\"_ _37\"></span>exerc\u00e9 <span class=\"_ _3b\"></span>son activit\u00e9 <span class=\"_ _61\"> </span>moins <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>quatre <span class=\"_ _61\"> </span>ann\u00e9es <span class=\"_ _61\"> </span>apr\u00e8s <span class=\"_ _61\"> </span>son <span class=\"_ _60\"> </span>rachat <span class=\"_ _61\"> </span>aupr\u00e8s <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>General Electric, <span class=\"_ _3b\"></span>tandis <span class=\"_ _3b\"></span>que <span class=\"_ _3b\"></span>General <span class=\"_ _3b\"></span>Electric <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>son <span class=\"_ _3b\"></span>pr\u00e9d\u00e9cesseur <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>charge <span class=\"_ _3b\"></span>RCA Corporation, <span class=\"_\"> </span>ont <span class=\"_ _47\"> </span>poss\u00e9d\u00e9 <span class=\"_\"> </span>et <span class=\"_\"> </span>exploit\u00e9 <span class=\"_\"> </span>T<span class=\"_ _1\"></span>CETVT <span class=\"_\"> </span>pendant <span class=\"_\"> </span>une <span class=\"_\"> </span>vingtaine d\u2019<span class=\"_ _0\"></span>ann\u00e9es.D<span class=\"_ _0\"></span>ans <span class=\"_\"> </span>l\u2019hypoth\u00e8se <span class=\"_ _37\"></span>o\u00f9 <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>Groupe <span class=\"_ _44\"> </span>ou <span class=\"_ _44\"> </span>l\u2019une <span class=\"_\"> </span>de <span class=\"_ _44\"></span>ses <span class=\"_ _44\"> </span>filiales <span class=\"_ _44\"> </span>serait <span class=\"_ _44\"> </span>finalement tenu <span class=\"_ _3\"></span>responsable ou <span class=\"_ _3\"></span>r\u00e8glerait <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>litige, les <span class=\"_ _3\"></span>montants <span class=\"_ _3\"></span>pourraient <span class=\"_ _3\"></span>s\u2019<span class=\"_ _0\"></span>av\u00e9rer <span class=\"_ _3\"></span>\u00eatre \u00e9lev\u00e9s. <span class=\"_\"> </span><span class=\"ls4 ws4\">Il <span class=\"_\"> </span></span>y <span class=\"_\"> </span>a <span class=\"_\"> </span>actuellement <span class=\"_\"> </span>trop <span class=\"_\"> </span>d\u2019incertitudes <span class=\"_ _46\"> </span>pour <span class=\"_ _46\"> </span>\u00e9valuer <span class=\"_\"> </span>de <span class=\"_\"> </span>mani\u00e8re pr\u00e9cise le <span class=\"_ _3\"></span>montant que <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva ou l\u2019une <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ses filiales <span class=\"_ _3\"></span>devrait r\u00e9gler dans <span class=\"_ _3\"></span>le cadre de <span class=\"_ _3\"></span>ces <span class=\"_ _3\"></span>proc\u00e9dures. V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>dispose <span class=\"_ _3\"></span>\u00e9galement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>di\ue61c\u00e9rents moyens afin de <span class=\"_ _3\"></span>r\u00e9duire tout <span class=\"_ _3\"></span>risque, y compris <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>dommages et <span class=\"_ _3\"></span>int\u00e9r\u00eats qui <span class=\"_ _3\"></span>seraient dus par General E<span class=\"_ _0\"></span>lectric et autres.Enqu\u00eates et pr<span class=\"_ _0\"></span>oc\u00e8s dans l\u2019<span class=\"_ _0\"></span>affaire T<span class=\"_ _49\"></span>ubes cathodiques\u00c9<span class=\"_ _0\"></span>tats<span class=\"ffb56\">\u2011</span>UnisEn <span class=\"_ _44\"></span><span class=\"ls0 ws0\">septembre\ue61d2019<span class=\"_ _1\"></span>, <span class=\"_ _44\"> </span>les <span class=\"_ _37\"></span>parties <span class=\"_ _44\"></span>en <span class=\"_ _37\"></span>d\u00e9fense <span class=\"_ _37\"></span>ont <span class=\"_ _44\"> </span>conclu <span class=\"_ _37\"></span>des <span class=\"_ _44\"></span>amendements </span>aux <span class=\"_ _6f\"> </span>accords <span class=\"_ _4c\"> </span>transactionnels <span class=\"_ _6f\"> </span>avec <span class=\"_ _6f\"> </span>certaines <span class=\"_ _4c\"> </span>associations <span class=\"_ _6f\"> </span>d\u2019<span class=\"_ _0\"></span>acheteurs indirects<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>dans <span class=\"_ _37\"></span>lesquels <span class=\"_ _37\"></span>les <span class=\"_ _44\"> </span>associations <span class=\"_ _37\"></span>ont <span class=\"_ _37\"></span>accept\u00e9 <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>restituer <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>part r\u00e9duite <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>montant <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>accord <span class=\"_ _3b\"></span>aux <span class=\"_ _3\"></span>parties <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>d\u00e9fense, <span class=\"_ _3\"></span>y <span class=\"_ _3b\"></span>compris <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva, avec <span class=\"_ _37\"></span>exclusion <span class=\"_ _37\"></span>des <span class=\"_ _37\"></span>demandeurs <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>neuf <span class=\"_ _37\"></span>\u00e9tats <span class=\"_ _44\"> </span>am\u00e9ricains <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ces <span class=\"_ _44\"> </span>accords transactionnels amend\u00e9s<span class=\"_ _0\"></span>.\ue61dAlors que les accords transactionnels amend\u00e9s ont re\u00e7u l\u2019<span class=\"_ _1\"></span>approbation finale du <span class=\"_ _3\"></span>\u00ab\ue61dUS <span class=\"_ _3b\"></span>District <span class=\"_ _3\"></span>Court\ue61d\u00bb, <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>associations <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>acheteurs <span class=\"_ _3b\"></span>indirects <span class=\"_ _3\"></span>exclues <span class=\"_ _3\"></span>(les \u00e9tats <span class=\"_ _37\"></span>dits <span class=\"_ _37\"></span>Omitted <span class=\"_ _37\"></span>Repealer <span class=\"_ _37\"></span>(\u00ab\ue61dORS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span><span class=\"ls4 ws4\">Non<span class=\"_ _3\"></span></span><span class=\"ffb56\">\u2011</span>Repealer <span class=\"_ _3b\"></span>(\u00ab\ue61dNRS <span class=\"_ _37\"></span>\u00ab\ue61d) <span class=\"_ _37\"></span>ont fait <span class=\"_\"> </span>appel <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>cette <span class=\"_ _61\"> </span>d\u00e9cision, <span class=\"_\"> </span>ainsi <span class=\"_ _46\"> </span>que <span class=\"_ _46\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>d\u00e9cision <span class=\"_\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dUS <span class=\"_ _46\"> </span>District Court\ue61d\u00bb <span class=\"_ _4c\"> </span>de <span class=\"_ _4c\"> </span>rejeter <span class=\"_ _66\"> </span>leurs <span class=\"_ _6f\"> </span>demandes <span class=\"_ _4c\"> </span>d\u2019intervenir <span class=\"_ _4c\"> </span>dans <span class=\"_ _4c\"> </span>la <span class=\"_ _4c\"> </span>proc\u00e9dure d\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _44\"></span>du <span class=\"_ _44\"></span>r\u00e8glement <span class=\"_ _37\"></span>et <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>litige <span class=\"_ _44\"> </span>multidistrict, <span class=\"_ _44\"> </span>devant <span class=\"_ _44\"></span>la <span class=\"_ _44\"></span>cour d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _46\"> </span>du <span class=\"_ _46\"> </span>\u00ab\ue61dNinth <span class=\"_ _46\"> </span>Circuit\ue61d\u00bb. <span class=\"_\"> </span><span class=\"ls4 ws4\">Le<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>22\ue61dseptembre <span class=\"_ _46\"> </span>2021, <span class=\"_ _61\"> </span>le <span class=\"_\"> </span>Ninth <span class=\"_\"> </span>Circuit <span class=\"_ _46\"> </span>a confirm\u00e9 <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>d\u00e9cisions <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>la <span class=\"_ _65\"> </span>District <span class=\"_ _65\"> </span>C<span class=\"_ _0\"></span>ourt <span class=\"_ _65\"> </span>concernant <span class=\"_ _65\"> </span>les <span class=\"_ _65\"> </span>accords transactionnels <span class=\"_ _3\"></span>amend\u00e9s. <span class=\"_ _3\"></span><span class=\"ls69 ws69\">Et<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>le <span class=\"_ _3b\"></span>23\ue61dd\u00e9cembre <span class=\"_ _3\"></span>2021, <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Ninth <span class=\"_ _3\"></span>Circuit <span class=\"_ _3\"></span>a <span class=\"_ _3b\"></span>rejet\u00e9 les <span class=\"_ _37\"></span>requ\u00eates <span class=\"_ _3b\"></span>des <span class=\"_ _37\"></span>classes <span class=\"_ _37\"></span>ORS <span class=\"_ _44\"></span>et <span class=\"_ _3b\"></span>NRS <span class=\"_ _37\"></span>pour <span class=\"_ _37\"></span>une <span class=\"_ _37\"></span>nouvelle <span class=\"_ _37\"></span>audition <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>une nouvelle <span class=\"_ _3\"></span>audition <span class=\"_ _3b\"></span>\u00ab\ue61den <span class=\"_ _3b\"></span>banc\ue61d\u00bb. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>classes <span class=\"_ _3b\"></span>ORS <span class=\"_ _3b\"></span>et <span class=\"_ _3\"></span>NRS <span class=\"_ _3b\"></span>ont <span class=\"_ _3b\"></span>demand\u00e9 <span class=\"_ _3\"></span>une certiorari/r\u00e9vision <span class=\"_\"> </span>par <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>Cour <span class=\"_\"> </span>supr\u00eame <span class=\"_ _46\"> </span>des <span class=\"_ _61\"> </span>\u00c9tats<span class=\"ffb56\">\u2011</span>U<span class=\"_ _0\"></span>nis, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>a <span class=\"_\"> </span>refus\u00e9 <span class=\"_ _61\"> </span>la certiorari/r\u00e9vision <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>13\ue61djuin <span class=\"_ _37\"></span>2022. <span class=\"_ _3b\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>n\u2019est <span class=\"_ _3b\"></span>maintenant <span class=\"_ _3b\"></span>techniquement plus <span class=\"_ _3\"></span>dans <span class=\"_ _3b\"></span>les a\ue61caires <span class=\"_ _3\"></span>CRT<span class=\"_ _f\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Le <span class=\"_ _3b\"></span></span>16\ue61dseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3b\"></span>cependant, <span class=\"_ _3b\"></span>une <span class=\"_ _3\"></span>motion visant <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>modifier <span class=\"_ _64\"> </span>une <span class=\"_ _60\"> </span>plainte <span class=\"_ _60\"> </span>collective <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _1\"></span>acheteurs <span class=\"_ _64\"> </span>indirects <span class=\"_ _61\"> </span>d\u00e9pos\u00e9e pr\u00e9c\u00e9demment a \u00e9t\u00e9 d\u00e9pos\u00e9e dans <span class=\"_ _3\"></span>le tribunal de district MDL <span class=\"_ _3\"></span>au nom des membres <span class=\"_\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>classe <span class=\"_\"> </span>repr\u00e9sentant <span class=\"_\"> </span>plusieurs <span class=\"_\"> </span>\u00c9tats<span class=\"_ _0\"></span>. <span class=\"_\"> </span>La <span class=\"_\"> </span>plainte <span class=\"_ _46\"> </span>modifi\u00e9e propos\u00e9e <span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>nomme <span class=\"_ _3\"></span>pas <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>tant <span class=\"_ _3\"></span>que <span class=\"_ _3\"></span>d\u00e9fendeur<span class=\"_ _0\"></span>, <span class=\"_ _3b\"></span>mais <span class=\"_ _3\"></span>all\u00e8gue <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3b\"></span>se <span class=\"_ _3\"></span>r\u00e9serve <span class=\"_ _3b\"></span>le <span class=\"_ _3\"></span>droit <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>modifier <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>nouveau <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>plainte <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir <span class=\"_ _3\"></span>et de <span class=\"_ _61\"> </span>nommer <span class=\"_ _61\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>tant <span class=\"_ _61\"> </span>que <span class=\"_ _61\"> </span>d\u00e9fendeur<span class=\"_ _0\"></span>. <span class=\"_ _61\"> </span>Les <span class=\"_ _61\"> </span>d\u00e9fendeurs <span class=\"_ _61\"> </span>qui <span class=\"_ _60\"> </span>sont nomm\u00e9s <span class=\"_ _3b\"></span>dans <span class=\"_ _37\"></span>cette <span class=\"_ _3b\"></span>proposition <span class=\"_ _3b\"></span>de <span class=\"_ _37\"></span>plainte <span class=\"_ _3b\"></span>modifi\u00e9e <span class=\"_ _37\"></span>se <span class=\"_ _3b\"></span>sont <span class=\"_ _37\"></span>oppos\u00e9s <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>la motion. <span class=\"ls4 ws4\">Le </span>District Court n\u2019<span class=\"_ _1\"></span>a pas encore statu\u00e9 sur cette question.Eur<span class=\"_ _0\"></span>opeDepuis <span class=\"_ _61\"> </span>2014, <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _60\"> </span>se <span class=\"_ _60\"> </span>d\u00e9fend <span class=\"_ _64\"> </span>\u00e9galement <span class=\"_ _60\"> </span>avec <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _64\"> </span>d\u00e9fendeurs (Samsung, <span class=\"_ _60\"> </span><span class=\"ls7a ws7a\">LG<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span> <span class=\"_ _60\"> </span></span>Philips, <span class=\"_ _60\"> </span><span class=\"ffb5d ls4 ws4\">etc.<span class=\"_ _3\"></span></span>), <span class=\"_ _60\"> </span>dans <span class=\"_ _60\"> </span>plusieurs <span class=\"_ _60\"> </span>actions <span class=\"_ _60\"> </span>en <span class=\"_ _60\"> </span>justice <span class=\"_ _60\"> </span>devant diverses <span class=\"_ _3b\"></span>juridictions <span class=\"_ _37\"></span>nationales <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"></span></span>europ\u00e9ens. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Il <span class=\"_ _37\"></span></span>s\u2019agit <span class=\"_ _3b\"></span>principalement d\u2019<span class=\"_ _0\"></span>all\u00e9gation de pratiques anticoncurrentielles dans <span class=\"_ _3\"></span>l\u2019industrie des CRT dans le <span class=\"_ _3\"></span>sillage <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>d\u00e9cision <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>Commission <span class=\"_ _3\"></span>Europ\u00e9enne <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2012 en <span class=\"_ _65\"> </span>vertu <span class=\"_ _66\"> </span>de <span class=\"_ _65\"> </span>laquelle <span class=\"_ _65\"> </span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _65\"> </span>a <span class=\"_ _66\"> </span>\u00e9t\u00e9 <span class=\"_ _65\"> </span>condamn\u00e9 <span class=\"_ _66\"> </span>\u00e0 <span class=\"_ _65\"> </span>une <span class=\"_ _65\"> </span>amende <span class=\"_ _66\"> </span>de 38,6\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3\"></span>r\u00e9sultant <span class=\"_ _3\"></span>d\u2019une <span class=\"_ _3\"></span>d\u2019entente<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>litiges <span class=\"_ _3b\"></span>toujours <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours sont les suivants<span class=\"_ _0\"></span>.Aux <span class=\"_ _37\"></span><span class=\"ls3 ws3\">Pa<span class=\"_ _3\"></span>y<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas, <span class=\"_ _37\"></span>une <span class=\"_ _44\"> </span>proc\u00e9dure <span class=\"_ _37\"></span>judiciaire <span class=\"_ _44\"></span>engag\u00e9e <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>V<span class=\"_ _f\"></span>estel, <span class=\"_ _44\"> </span>un <span class=\"_ _37\"></span>fabricant turc <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>t\u00e9l\u00e9viseurs, <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>vertu <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loi <span class=\"_ _3b\"></span>turque <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>toujours <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>cours. <span class=\"_ _3\"></span>V<span class=\"_ _f\"></span>estel <span class=\"_ _3\"></span>a \u00e9galement <span class=\"_ _61\"> </span>intent\u00e9 <span class=\"_ _61\"> </span>des <span class=\"_ _61\"> </span>poursuites <span class=\"_ _61\"> </span>en <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>urquie, <span class=\"_ _46\"> </span>qui <span class=\"_ _61\"> </span>ont <span class=\"_ _61\"> </span>\u00e9t\u00e9 <span class=\"_ _61\"> </span>rejet\u00e9es <span class=\"_ _61\"> </span>en premi\u00e8re <span class=\"_ _44\"> </span>instance <span class=\"_\"> </span>puis <span class=\"_ _44\"> </span>par <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>cour <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>appel <span class=\"_ _44\"> </span>r\u00e9gionale <span class=\"_\"> </span>en <span class=\"_ _44\"> </span>d\u00e9cembre\ue61f2020 ainsi <span class=\"_ _3\"></span>qu\u2019<span class=\"_ _0\"></span>en <span class=\"_ _3\"></span>f\u00e9vrier\ue61f2021. <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>estel <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>port\u00e9 <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>recours <span class=\"_ _3\"></span>devant <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>Cour <span class=\"_ _3\"></span>Supr\u00eame \u00e0 l\u2019<span class=\"_ _0\"></span>encontre de cette d\u00e9cision ayant rejet\u00e9 sa demande de f<span class=\"_ _0\"></span>aire appel.\u00c0 <span class=\"_ _3\"></span>ce <span class=\"_ _3b\"></span>stade, <span class=\"_ _3\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>n\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3\"></span>pas <span class=\"_ _3b\"></span>en <span class=\"_ _3\"></span>mesure <span class=\"_ _3\"></span>d\u2019\u00e9v<span class=\"_ _0\"></span>aluer <span class=\"_ _3b\"></span>l\u2019issue <span class=\"_ _3\"></span>\u00e9ventuelle <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>ces a\ue61eaires <span class=\"_ _3\"></span>ni <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>risques <span class=\"_ _3\"></span>encourus <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>raison <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>complexit\u00e9 <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>proc\u00e9dures<span class=\"_ _0\"></span>. Selon <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>juridictions, <span class=\"_ _3\"></span>les <span class=\"_ _3\"></span>d\u00e9cisions <span class=\"_ _3\"></span>sur <span class=\"_ _3b\"></span>la <span class=\"_ _3\"></span>responsabilit\u00e9 <span class=\"_ _3\"></span>puis, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>cas <span class=\"_ _3\"></span>\u00e9ch\u00e9ant sur <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>montant <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>dommages <span class=\"_\"> </span>ne <span class=\"_ _47\"> </span>sont <span class=\"_ _44\"> </span>pas <span class=\"_\"> </span>attendues <span class=\"_ _44\"> </span>avant <span class=\"_\"> </span>le <span class=\"_ _44\"> </span>premier trimestre 2023.V<span class=\"_ _1\"></span>antiva <span class=\"_ _46\"> </span>se <span class=\"_ _61\"> </span>d\u00e9fendait <span class=\"_ _61\"> </span>\u00e9galement <span class=\"_ _61\"> </span>(i) <span class=\"_ _61\"> </span>dans <span class=\"_ _61\"> </span>une <span class=\"_ _61\"> </span>a\ue61eaire <span class=\"_ _61\"> </span>au <span class=\"_ _61\"> </span>Roy<span class=\"_ _0\"></span>aume<span class=\"ffb5e\">\u2011</span>Uni contre <span class=\"_ _44\"> </span>Arcelik, <span class=\"_ _44\"></span>un <span class=\"_ _44\"> </span>fabricant <span class=\"_ _44\"></span>turc, <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>transig\u00e9e <span class=\"_ _44\"> </span>en <span class=\"_ _44\"> </span>f\u00e9vrier\ue61f2020, <span class=\"_ _47\"> </span>(ii) deux <span class=\"_ _65\"> </span>litiges <span class=\"_ _65\"> </span>contre <span class=\"_ _65\"> </span>trois <span class=\"_ _65\"> </span>anciens <span class=\"_ _64\"> </span>fabricants <span class=\"_ _65\"> </span>allemands <span class=\"_ _65\"> </span>de <span class=\"_ _65\"> </span>t\u00e9l\u00e9viseurs (<span class=\"_ _0\"></span>Grundig <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>Loewe/Metz) en <span class=\"_ _3\"></span>vertu <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>droit allemand <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 transig\u00e9s en <span class=\"_ _3b\"></span>d\u00e9cembre\ue61f2020, <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>(iii) <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>litiges <span class=\"_ _3b\"></span>aux <span class=\"_ _3b\"></span><span class=\"ls3 ws3\">Pay<span class=\"_ _3\"></span>s</span><span class=\"ffb5e\">\u2011</span>Bas <span class=\"_ _3b\"></span>contre <span class=\"_ _3b\"></span>trois <span class=\"_ _3b\"></span>fabricants br\u00e9siliens <span class=\"_ _6c\"> </span>de <span class=\"_ _1c7\"> </span>t\u00e9l\u00e9viseurs <span class=\"_ _2a\"> </span>qui <span class=\"_ _2a\"> </span>ont <span class=\"_ _1c7\"> </span>\u00e9t\u00e9 <span class=\"_ _2a\"> </span>\u00e9galement <span class=\"_ _2a\"> </span>transig\u00e9s <span class=\"_ _2a\"> </span>en novembre\ue61f2021.Questions environnementalesCertains sites actuels et pass\u00e9s de fabrication du Gr<span class=\"_ _0\"></span>oupe ont un long pass\u00e9 industriel. Les <span class=\"_ _3\"></span>contaminations des <span class=\"_ _3\"></span>sols <span class=\"_ _3\"></span>et des <span class=\"_ _3\"></span>eaux <span class=\"_ _3\"></span>souterraines<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>qui <span class=\"_ _3\"></span>se sont d\u00e9j\u00e0 produites <span class=\"_ _3\"></span>sur <span class=\"_ _3\"></span>quelques sites, <span class=\"_ _3\"></span>pourraient se <span class=\"_ _3\"></span>produire \u00e0 <span class=\"_ _3\"></span>nouveau ou <span class=\"_ _3\"></span>\u00eatre d\u00e9couvertes <span class=\"_ _3b\"></span>sur <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>autres <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019avenir<span class=\"_ _1\"></span>. <span class=\"_ _3b\"></span>Les <span class=\"_ _3b\"></span>rejets <span class=\"_ _3\"></span>industriels <span class=\"_ _3b\"></span>des <span class=\"_ _3b\"></span>sites <span class=\"_ _3b\"></span>que V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>cr\u00e9\u00e9s <span class=\"_ _3b\"></span>ou <span class=\"_ _3\"></span>acquis <span class=\"_ _3b\"></span>exposent <span class=\"_ _3\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des <span class=\"_ _3b\"></span>co\u00fbts <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>d\u00e9pollution. Le <span class=\"ls0 ws0\">Groupe a <span class=\"_ _3\"></span>identifi\u00e9 certains sites <span class=\"_ _3\"></span>dont la contamination chimique <span class=\"_ _3\"></span>a exig\u00e9 </span>ou <span class=\"ls4 ws4\">va </span>exiger la mise en \u0153uvre de mesures de d\u00e9pollution.Une <span class=\"_ _44\"> </span>contamination <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>sol <span class=\"_ _47\"> </span>et <span class=\"_ _44\"></span>des <span class=\"_ _44\"> </span>eaux <span class=\"_ _44\"> </span>souterraines <span class=\"_ _44\"> </span>a <span class=\"_ _44\"> </span>\u00e9t\u00e9 <span class=\"_ _47\"> </span>d\u00e9tect\u00e9e <span class=\"_ _44\"> </span>pr\u00e8s d\u2019un <span class=\"_ _44\"> </span>ancien <span class=\"_ _47\"> </span>site <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>fabrication, <span class=\"_ _44\"> </span>situ\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"></span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _44\"> </span>(<span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>aiwan) <span class=\"_ _44\"> </span>acquis <span class=\"_\"> </span>en\ue61f1987 dans le cadre d\u2019une op\u00e9ration entre Gener<span class=\"_ _0\"></span>al Electric (<span class=\"_ _0\"></span>GE) et <span class=\"_ _3\"></span>le Groupe<span class=\"_ _0\"></span>. <span class=\"ls2 ws2\">En<span class=\"_ _3\"></span> </span>1992, <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>site <span class=\"_ _37\"></span>a <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _37\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>un promoteur <span class=\"_ _3b\"></span>local. <span class=\"_ _3b\"></span>La <span class=\"_ _37\"></span>d\u00e9pollution <span class=\"_ _3b\"></span>du <span class=\"_ _37\"></span>sol <span class=\"_ _3b\"></span>a <span class=\"_ _37\"></span>\u00e9t\u00e9 achev\u00e9e <span class=\"_ _2a\"> </span>en\ue61f1998. <span class=\"_ _1c7\"> </span>En\ue61f2002, <span class=\"_ _2a\"> </span>l\u2019<span class=\"_ _1\"></span>Agence <span class=\"_ _2a\"> </span>Locale <span class=\"_ _2a\"> </span>de <span class=\"_ _1c7\"> </span>Protection <span class=\"_ _2a\"> </span>de l\u2019Envir<span class=\"_ _0\"></span>onnement <span class=\"_ _61\"> </span>(\u00ab\ue61fALPE\ue61f\u00bb) <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>T<span class=\"_ _23\"></span>aoyuan <span class=\"_ _61\"> </span>a <span class=\"_ _46\"> </span>ordonn\u00e9 <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>d\u00e9pollution <span class=\"_ _61\"> </span>des nappes <span class=\"_ _60\"> </span>phr\u00e9atiques <span class=\"_ _60\"> </span>sur <span class=\"_ _60\"> </span>l\u2019<span class=\"_ _0\"></span>ancien <span class=\"_ _64\"> </span>site<span class=\"_ _0\"></span>. <span class=\"_ _64\"> </span>Les <span class=\"_ _61\"> </span>travaux <span class=\"_ _60\"> </span>pour <span class=\"_ _60\"> </span>satisfaire <span class=\"_ _60\"> </span>cette demande sont <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _f\"></span>ALPE <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>CETVT poursuivent <span class=\"_ _3\"></span>leurs <span class=\"_ _3\"></span>discussions sur <span class=\"_ _37\"></span>le <span class=\"_ _44\"></span>p\u00e9rim\u00e8tre <span class=\"_ _3b\"></span>des <span class=\"_ _44\"> </span>travaux <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _44\"> </span>engager<span class=\"_ _0\"></span>. <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _37\"></span>a <span class=\"_ _37\"></span>trouv\u00e9 <span class=\"_ _37\"></span>un <span class=\"_ _44\"> </span>accord <span class=\"_ _37\"></span>avec GE <span class=\"_\"> </span>pour <span class=\"_\"> </span>se <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9partir <span class=\"_\"> </span>la <span class=\"_\"> </span>prise <span class=\"_\"> </span>en <span class=\"_\"> </span>char<span class=\"_ _0\"></span>ge <span class=\"_\"> </span>des <span class=\"_\"> </span>travaux <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>d\u00e9pollution <span class=\"_\"> </span>des nappes phr\u00e9atiques<span class=\"_ _0\"></span>.De <span class=\"_ _3\"></span><span class=\"ls0 ws0\">m\u00eame, le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>vend ou <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vendu <span class=\"_ _3\"></span>dans le <span class=\"_ _3\"></span>pass\u00e9 <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>produits qui <span class=\"_ _3\"></span>sont </span>soumis <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>certaines <span class=\"_ _3\"></span>contraintes <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>recyclage, et, <span class=\"_ _3b\"></span>est <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>ce <span class=\"_ _3\"></span>fait <span class=\"_ _3\"></span>expos\u00e9 <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3\"></span>des changements <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9glementation <span class=\"_\"> </span>en <span class=\"_ _44\"></span>mati\u00e8re <span class=\"_ _44\"></span>de <span class=\"_ _44\"> </span>recyclage <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>divers pays.Le <span class=\"_ _66\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _65\"> </span>estime <span class=\"_ _65\"> </span>que <span class=\"_ _66\"> </span>les <span class=\"_ _66\"> </span>montants <span class=\"_ _65\"> </span>provisionn\u00e9s <span class=\"_ _65\"> </span>et <span class=\"_ _66\"> </span>les <span class=\"_ _65\"> </span>garanties </span>contractuelles <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>il <span class=\"_ _37\"></span>dispose <span class=\"_ _37\"></span>aux <span class=\"_ _37\"></span>termes <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>ses <span class=\"_ _37\"></span>contrats <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>acquisition <span class=\"_ _37\"></span>de certains <span class=\"_ _64\"> </span>actifs <span class=\"_ _65\"> </span>industriels <span class=\"_ _64\"> </span>permettront <span class=\"_ _65\"> </span>de <span class=\"_ _64\"> </span>couvrir <span class=\"_ _64\"> </span>raisonnablement <span class=\"_ _65\"> </span>les obligations <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>s\u00e9curit\u00e9, <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>sant\u00e9 <span class=\"_ _61\"> </span>ou <span class=\"_ _60\"> </span>d\u2019<span class=\"_ _0\"></span>environnement. <span class=\"_ _61\"> </span>Cependant, <span class=\"_ _61\"> </span>les probl\u00e8mes <span class=\"_ _3\"></span>potentiels <span class=\"_ _3b\"></span>ne <span class=\"_ _3b\"></span>peuvent <span class=\"_ _3b\"></span>pas <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>pr\u00e9vus <span class=\"_ _3\"></span>avec <span class=\"_ _3b\"></span>certitude <span class=\"_ _3b\"></span>et <span class=\"_ _3b\"></span>il <span class=\"_ _3b\"></span>n\u2019<span class=\"_ _0\"></span>est pas <span class=\"_ _61\"> </span>possible <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>dire <span class=\"_ _61\"> </span>si <span class=\"_ _61\"> </span>les <span class=\"_ _60\"> </span>montants <span class=\"_ _61\"> </span>provisionn\u00e9s <span class=\"_ _61\"> </span>seront <span class=\"_ _61\"> </span>parfaitement adapt\u00e9s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-251-2": {
   "value": "Note 11<span class=\"_ _bc\"> </span>Op\u00e9rations sp\u00e9cifiques pr<span class=\"_ _0\"></span>\u00e9sent\u00e9es dans le tableau des\ue61ff<span class=\"_ _3\"></span>lux de tr\u00e9sor<span class=\"_ _0\"></span>erie consolid\u00e9s11.<span class=\"_ _1\"></span>1<span class=\"_ _85\"> </span>I<span class=\"_ _0\"></span>mpact en tr\u00e9sorerie des op\u00e9r<span class=\"_ _0\"></span>ations de ren\u00e9gociation de la dette et de financement(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _183\"> </span><span class=\"ffb65 fc1\">2021\ue662*</span>(1)Augmentation de la dette financi\u00e8re non courante\ue61f<span class=\"_ _11d\"> </span>356<span class=\"_ _19\"> </span>-(2)Remboursement de la dette non courante aux cr<span class=\"_ _0\"></span>\u00e9anciers\ue61f<span class=\"_ _305\"> </span>(1\ue61f138)<span class=\"_ _19\"> </span>-Flux de tr\u00e9sorerie li\u00e9s \u00e0 la dette \ue75cnanci\u00e8re non cour<span class=\"_ _0\"></span>ante<span class=\"_ _76\"> </span><span class=\"ffb66\">(782)<span class=\"_ _19\"> </span>-</span>Augmentation de la dette financi\u00e8re courante<span class=\"_ _360\"> </span>-<span class=\"_ _19\"> </span>-(3)Remboursement de la dette courante aux cr<span class=\"_ _0\"></span>\u00e9anciers\ue61f<span class=\"_ _160\"> </span>(22)<span class=\"_ _12c\"> </span>(<span class=\"_ _3\"></span>29)Flux de tr\u00e9sorerie li\u00e9s \u00e0 la dette \ue75cnanci\u00e8re cour<span class=\"_ _0\"></span>ante<span class=\"_ _361\"> </span><span class=\"ffb66\">(22)<span class=\"_ _7\"> </span>(29)</span>(4)Augmentation de capital\ue61f<span class=\"_ _362\"> </span>284<span class=\"_ _19\"> </span>-(5)Fr<span class=\"_ _0\"></span>ais li\u00e9s aux op\u00e9rations de financement et autres\ue61f<span class=\"_ _2ea\"> </span>1<span class=\"_ _32\"> </span>(5)IMP<span class=\"_ _0\"></span>ACT NET SUR LA V<span class=\"_ _1\"></span>ARIA<span class=\"_ _0\"></span>TION DE LA TR\u00c9SORERIE DE FINANCEMENT DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S (518)<span class=\"_ _7\"> </span>(34)POURSUIVIES(6)Augmentation de la dette financi\u00e8re\ue61f<span class=\"_ _309\"> </span><span class=\"ls53 ws53\">575<span class=\"_ _19\"> </span></span>-(7)Remboursement de la dette aux cr\u00e9anciers\ue61f<span class=\"_ _363\"> </span>(31)<span class=\"_ _28d\"> </span>(<span class=\"_ _3\"></span>35)IMP<span class=\"_ _0\"></span>ACT NET SUR LA V<span class=\"_ _1\"></span>ARIA<span class=\"_ _0\"></span>TION DE LA TR\u00c9SORERIE DE FINANCEMENT DES A<span class=\"_ _0\"></span>CTIVIT\u00c9S 544<span class=\"_ _7\"> </span>(35)ARR\u00caT\u00c9ES OU EN COURS DE CESSION* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession voir note 12.(1) <span class=\"ls6d ws6d\">En </span>2022, l\u2019augmentation de la de<span class=\"_ _0\"></span>tte financi\u00e8re est li\u00e9e \u00e0 375\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros de financement fourni par Barcla<span class=\"_ _0\"></span>ys <span class=\"ls5e ws5e\">et </span>Angelo Gordon diminu\u00e9 des primes d\u2019<span class=\"_ _0\"></span>\u00e9missions <span class=\"ls5e ws5e\">et<span class=\"_ _3\"></span> </span>des frais<span class=\"_ _0\"></span>.(2) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, remboursement de la de<span class=\"_ _0\"></span>tte de Sauvegarde.(3) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, 22\ue61dmillions li\u00e9s au remboursement de dett<span class=\"_ _0\"></span>e des contrats de location.En <span class=\"ls0 ws0\">2021, 29\ue61dmillions de dette des contrats de location ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>rembours\u00e9s<span class=\"_ _0\"></span>.</span>(4) <span class=\"ls6d ws6d\">En </span>2022, V<span class=\"_ _1\"></span>antiva a augment\u00e9 son capital dans le cadre de son <span class=\"_ _0\"></span>refinancement.(5) <span class=\"_\"> </span>L<span class=\"_ _0\"></span>es <span class=\"_\"> </span>frais <span class=\"_ _37\"> </span><span class=\"ls5e ws5e\">pay\u00e9s <span class=\"_\"> </span></span>li\u00e9s <span class=\"_\"> </span>au <span class=\"_ _37\"> </span>refinancement <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>la <span class=\"_\"> </span>de<span class=\"_ _0\"></span>tte <span class=\"_\"> </span>du <span class=\"_\"> </span>gr<span class=\"_ _0\"></span>oupe <span class=\"_\"> </span>ont <span class=\"_ _37\"> </span><span class=\"ls63 ws63\">\u00e9<span class=\"_ _3\"></span>t\u00e9 <span class=\"_\"> </span></span>comptabilis<span class=\"_ _0\"></span>\u00e9s <span class=\"_\"> </span>comme <span class=\"_\"> </span>des <span class=\"_ _37\"> </span>\ufb02ux <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>tr\u00e9sorerie <span class=\"_ _37\"> </span>de <span class=\"_\"> </span>financement <span class=\"_\"> </span>pour <span class=\"_ _37\"> </span>5\ue61dmillions <span class=\"_\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _37\"> </span>en <span class=\"_\"> </span>2022. <span class=\"_\"> </span><span class=\"ls6d ws6d\">En <span class=\"_\"> </span></span>2021, <span class=\"_ _37\"> </span>il <span class=\"_\"> </span>s\u2019<span class=\"_ _0\"></span>agissait principalement d\u2019honorair<span class=\"_ _0\"></span>es li\u00e9s \u00e0 la restructuration financi\u00e8re du Groupe<span class=\"_ _0\"></span>.(6) <span class=\"ls63 ws63\">Le </span>15\ue61dseptembr<span class=\"_ _0\"></span>e 2022, un cr\u00e9dit \u00e0 terme \u00e0 taux variable de 623\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros a <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>\u00e9mis pour <span class=\"ls99 ws99\">TC<span class=\"_ _3\"></span>S,<span class=\"_ _3\"></span> </span>cette op\u00e9ration faisant partie du plan de r<span class=\"_ _0\"></span>efinancement.(7) <span class=\"ls6d ws6d\">En<span class=\"_ _3\"></span> </span>2022, 27\ue61dmillions d\u2019<span class=\"_ _0\"></span>euros sont li\u00e9s \u00e0 des remboursements de dett<span class=\"_ _0\"></span>es des contrats de bail.En <span class=\"ls0 ws0\">2021, 35\ue61dmillions d\u2019eur<span class=\"_ _0\"></span>os sont li\u00e9s \u00e0 des remboursements de dettes des contr<span class=\"_ _0\"></span>ats de bail.</span>\ue61fLes tableaux ci<span class=\"ffb68\">\u2011</span>dessous r\u00e9capitulent la v<span class=\"_ _0\"></span>ariation des dettes financi\u00e8res du Groupe au bilan\ue61f:Flux de tr\u00e9sorerie de T<span class=\"_ _f\"></span>ransfert la dette V<span class=\"_ _1\"></span>ariation Change et courant31\ue662d\u00e9cembre \ue75cnan-des\ue662contrats Ajustement Charges \u00e9cart de V<span class=\"_ _1\"></span>ariation de \ue662- non 31\ue662d\u00e9cembre (1)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2021ci\u00e8re\ue662de\ue662locationIFRSd\u2019int\u00e9r\u00eatconversionp\u00e9rim\u00e8trecourant2022Dettes financi\u00e8res non 1\ue61f025<span class=\"_ _2f\"> </span>(<span class=\"_ _3\"></span>222)<span class=\"_ _d7\"> </span>-<span class=\"_ _c2\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _94\"> </span></span>44<span class=\"_ _58\"> </span>5<span class=\"_ _26\"> </span>(565)<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>363courantesDettes financi\u00e8res cour<span class=\"_ _0\"></span>antes<span class=\"_ _d1\"> </span>17<span class=\"_ _16a\"> </span>11<span class=\"_ _194\"> </span>-<span class=\"_ _d7\"> </span>-<span class=\"_ _1a6\"> </span>(14)<span class=\"_ _194\"> </span>-<span class=\"_ _94\"> </span>(15)<span class=\"_ _ae\"> </span>-<span class=\"_ _1b5\"> </span>1T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 1\ue662042<span class=\"_ _11\"> </span><span class=\"ffb66\">(<span class=\"_ _3\"></span>211)<span class=\"_ _d7\"> </span>-<span class=\"_ _c8\"> </span><span class=\"lsa9 wsa9\">76<span class=\"_ _12\"> </span></span>29<span class=\"_ _1da\"> </span>6<span class=\"_ _6d\"> </span>(580)<span class=\"_ _ae\"> </span>-<span class=\"_ _ae\"> </span>364</span>FINANCI\u00c8RESDettes de loyers 145<span class=\"_ _a9\"> </span>(39)<span class=\"_ _c8\"> </span>66<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>10<span class=\"_ _2c9\"> </span>(145)<span class=\"_ _5c\"> </span>6<span class=\"_ _186\"> </span>44non\ue61fcourantesDettes de loyers cour<span class=\"_ _0\"></span>antes<span class=\"_ _d7\"> </span>48<span class=\"_ _12\"> </span>(10)<span class=\"_ _186\"> </span>3<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _d7\"> </span>1<span class=\"_ _69\"> </span>(12)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(6)<span class=\"_ _191\"> </span></span>23T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 192<span class=\"_ _8c\"> </span>(49)<span class=\"_ _5c\"> </span>69<span class=\"_ _d7\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _8a\"> </span>11<span class=\"_ _1a6\"> </span>(157)<span class=\"_ _189\"> </span>0<span class=\"_ _58\"> </span>66DE\ue662L<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>YERS(1) <span class=\"ls6d ws6d\">En </span>2022, 544\ue61dmillions d\u2019eur<span class=\"_ _0\"></span>os sont \u00e0 des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession.T<span class=\"_ _f\"></span>ransfert en Flux de passifs relatifs tr\u00e9sorerie de V<span class=\"_ _1\"></span>ariation E\ue75bet de la Change et aux actifs 31\ue662d\u00e9cembre la dette des\ue662contrats restructuration Charges \u00e9cart de destin\u00e9s \u00e0 \u00eatre 31\ue662d\u00e9cembre (1)(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)2020\ue75cnanci\u00e8re\ue662de\ue662location\ue75cnanci\u00e8red\u2019int\u00e9r\u00eatconversionc\u00e9d\u00e9s2021Dettes financi\u00e8res non cour<span class=\"_ _0\"></span>antes<span class=\"_ _ab\"> </span>948<span class=\"_ _1b5\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _185\"> </span>15<span class=\"_ _89\"> </span>46<span class=\"_ _185\"> </span>16<span class=\"_ _17d\"> </span>-<span class=\"_ _ab\"> </span>1\ue61f025Dettes financi\u00e8res cour<span class=\"_ _0\"></span>antes<span class=\"_ _197\"> </span>16<span class=\"_ _1b5\"> </span>-<span class=\"_ _17d\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _d7\"> </span>1<span class=\"_ _1b5\"> </span>1<span class=\"_ _1b5\"> </span>-<span class=\"_ _193\"> </span>17T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 964<span class=\"_ _17d\"> </span>-<span class=\"_ _1b5\"> </span>-<span class=\"_ _191\"> </span>15<span class=\"_ _5c\"> </span>47<span class=\"_ _185\"> </span>17<span class=\"_ _17d\"> </span>-<span class=\"_ _18f\"> </span><span class=\"ffb6f\">1\ue662042</span>FINANCI\u00c8RESDettes de loyers non cour<span class=\"_ _0\"></span>antes<span class=\"_ _aa\"> </span>122<span class=\"_ _5c\"> </span>(52)<span class=\"_ _185\"> </span>61<span class=\"_ _1b5\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _191\"> </span>10<span class=\"_ _97\"> </span>3<span class=\"_ _16a\"> </span>145Dettes de loyers cour<span class=\"_ _0\"></span>antes<span class=\"_ _15f\"> </span>56<span class=\"_ _c2\"> </span>(12)<span class=\"_ _97\"> </span>5<span class=\"_ _1b5\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1b5\"> </span>1<span class=\"_ _aa\"> </span>(2)<span class=\"_ _186\"> </span>48T<span class=\"_ _0\"></span>OT<span class=\"_ _1\"></span>AL DETTES 178<span class=\"_ _189\"> </span><span class=\"ls0 ws0\">(64)<span class=\"_ _186\"> </span>67<span class=\"_ _17d\"> </span>-<span class=\"_ _186\"> </span>-<span class=\"_ _1b4\"> </span>11<span class=\"_ _17d\"> </span>1<span class=\"_ _d1\"> </span>192</span>DE\ue662L<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>YERS(1) <span class=\"ls6d ws6d\">En </span>2021, 36\ue61fmillions d\u2019eur<span class=\"_ _0\"></span>os sont li\u00e9s \u00e0 des activit\u00e9s arr\u00eat\u00e9es ou en cours de cession.\ue61f11.2<span class=\"_ _70\"> </span>Obligations contr<span class=\"_ _0\"></span>actuelles et engagements commerciauxLe <span class=\"_ _44\"> </span><span class=\"ls0 ws0\">Groupe <span class=\"_ _37\"></span>donne <span class=\"_ _37\"> </span>certaines <span class=\"_ _44\"> </span>garanties <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>des <span class=\"_ _37\"> </span>tiers <span class=\"_ _44\"> </span>(institutions <span class=\"_ _37\"> </span>financi\u00e8res, </span>clients, <span class=\"_ _3b\"></span>partenaires <span class=\"_ _37\"></span>et <span class=\"_ _37\"></span>agences <span class=\"_ _37\"></span>gouvernementales) <span class=\"_ _37\"></span>afin <span class=\"_ _37\"> </span>d\u2019<span class=\"_ _0\"></span>assurer <span class=\"_ _37\"> </span>la <span class=\"_ _37\"> </span>bonne ex\u00e9cution des obligations contractuelles prises par V<span class=\"_ _1\"></span>antiva et par <span class=\"_ _3\"></span>ses filiales consolid\u00e9es <span class=\"_ _64\"> </span>dans <span class=\"_ _65\"> </span>le <span class=\"_ _64\"> </span>cadre <span class=\"_ _64\"> </span>de <span class=\"_ _65\"> </span>ses <span class=\"_ _64\"> </span>activit\u00e9s <span class=\"_ _64\"> </span>ordinaires. <span class=\"_ _64\"> </span>Ces <span class=\"_ _64\"> </span>garanties n\u2019<span class=\"_ _0\"></span>augmentent <span class=\"_ _28\"> </span>pas <span class=\"_ _6f\"> </span>les <span class=\"_ _28\"> </span>engagements <span class=\"_ _28\"> </span>du <span class=\"_ _28\"> </span>Groupe <span class=\"_ _6f\"> </span>par <span class=\"_ _28\"> </span>rapport <span class=\"_ _6f\"> </span>aux engagements <span class=\"_ _6b\"> </span>pris <span class=\"_ _6c\"> </span>initialement <span class=\"_ _6c\"> </span>par <span class=\"_ _6b\"> </span>les <span class=\"_ _6c\"> </span>entit\u00e9s <span class=\"_ _6c\"> </span>concern\u00e9es. <span class=\"_ _6b\"> </span>Ces engagements (lettres de cr\u00e9dit) r<span class=\"_ _0\"></span>epr\u00e9sentent 8\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros \u00e0 fin 2022.D<span class=\"_ _0\"></span>ans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>cadre <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>son <span class=\"_ _44\"> </span>activit\u00e9 <span class=\"_ _37\"> </span>courante, <span class=\"_ _37\"> </span>le <span class=\"_ _44\"> </span>segment <span class=\"_ _44\"> </span>Solutions <span class=\"_ _37\"> </span>logistiques peut <span class=\"_\"> </span>\u00eatre <span class=\"_\"> </span>amen\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>donner <span class=\"_\"> </span>des <span class=\"_\"> </span>garanties <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>ses <span class=\"_\"> </span>clients, <span class=\"_\"> </span>sur <span class=\"_\"> </span>les <span class=\"_\"> </span>produits stock\u00e9s <span class=\"_ _37\"> </span>puis <span class=\"_ _44\"> </span>distribu\u00e9s, <span class=\"_ _37\"></span>contre <span class=\"_ _37\"> </span>les <span class=\"_ _44\"> </span>risques <span class=\"_ _44\"> </span>ou <span class=\"_ _37\"> </span>pr\u00e9judices <span class=\"_ _44\"> </span>qui <span class=\"_ _37\"> </span>peuvent <span class=\"_ _44\"> </span>\u00eatre encourus <span class=\"_ _37\"> </span>lors <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_ _44\"> </span>cr\u00e9ation, <span class=\"_ _37\"></span>du <span class=\"_ _44\"> </span>stockage <span class=\"_ _37\"></span>ou <span class=\"_ _44\"> </span>de <span class=\"_ _37\"></span>la <span class=\"_ _44\"> </span>distribution. <span class=\"_ _37\"></span><span class=\"ls2 ws2\">De<span class=\"_ _3\"></span> <span class=\"_ _37\"></span></span>telles garanties sont couvertes par des contr<span class=\"_ _0\"></span>ats d\u2019assur<span class=\"_ _0\"></span>ance.Diverses <span class=\"_\"> </span>gar<span class=\"_ _0\"></span>anties <span class=\"_ _46\"> </span>ont <span class=\"_\"> </span>\u00e9galement <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _46\"> </span>donn\u00e9es <span class=\"_\"> </span>aux <span class=\"_\"> </span>administrations <span class=\"_\"> </span>des douanes <span class=\"_\"> </span>afin <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>exon\u00e9rer <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>droits <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>douanes <span class=\"_\"> </span>toutes <span class=\"_\"> </span>les <span class=\"_\"> </span>op\u00e9r<span class=\"_ _0\"></span>ations <span class=\"_\"> </span>de transit <span class=\"_ _37\"></span>par <span class=\"_ _44\"> </span>les <span class=\"_ _37\"> </span>entrep\u00f4ts <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>douanes <span class=\"_ _44\"> </span>en <span class=\"_ _37\"> </span>vue <span class=\"_ _44\"> </span>d\u2019une <span class=\"_ _37\"> </span>r\u00e9exportation, <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>des garanties <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>transit <span class=\"_ _3b\"></span>afin <span class=\"_ _37\"></span>que <span class=\"_ _3b\"></span>les <span class=\"_ _37\"> </span>droits <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>douanes <span class=\"_ _37\"></span>ne <span class=\"_ _37\"></span>soient <span class=\"_ _3b\"></span>pay\u00e9s <span class=\"_ _37\"></span>que sur <span class=\"_ _3b\"></span>le <span class=\"_ _37\"> </span>lieu <span class=\"_ _37\"> </span>de <span class=\"_ _37\"></span>livraison <span class=\"_ _3b\"></span>final <span class=\"_ _37\"> </span>dans <span class=\"_ _37\"> </span>le <span class=\"_ _37\"> </span><span class=\"ls4e ws4e\">pays <span class=\"_ _37\"> </span></span>d\u2018importation. <span class=\"_ _37\"> </span>L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>ces garanties <span class=\"_ _65\"> </span>bancaires <span class=\"_ _65\"> </span>co\u00efncide <span class=\"_ _66\"> </span>avec <span class=\"_ _65\"> </span>l\u2019<span class=\"_ _0\"></span>\u00e9ch\u00e9ance <span class=\"_ _66\"> </span>des <span class=\"_ _65\"> </span>accords <span class=\"_ _65\"> </span>douaniers renouvelables mensuellement.Les <span class=\"_ _44\"> </span>garanties <span class=\"_\"> </span>et <span class=\"_ _44\"> </span>engagements <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _1\"></span>achat <span class=\"_\"> </span>re\u00e7us <span class=\"_ _44\"> </span>qui <span class=\"_\"> </span>s\u2019<span class=\"_ _1\"></span>\u00e9levaient <span class=\"_\"> </span>\u00e0 <span class=\"_ _44\"> </span>72\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros au 31\ue61fd\u00e9cembre 2021 sont <span class=\"_ _3\"></span>tous transf\u00e9r\u00e9s en raison de la cession <span class=\"_ _3\"></span>de Licences de Marques<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-257-2": {
   "value": "Note 12<span class=\"_ _c7\"> </span>Activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cession et activit\u00e9s destin\u00e9es \u00e0 \u00eatre c\u00e9d\u00e9es12.<span class=\"_ _1\"></span>1<span class=\"_ _7b\"> </span>Activit\u00e9s arr\u00eat\u00e9es ou en cours de cessionUne <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>arr<span class=\"_ _0\"></span>\u00eat\u00e9e <span class=\"_\"> </span>ou <span class=\"_\"> </span>en <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>cession <span class=\"_ _47\"> </span>est <span class=\"_\"> </span>une <span class=\"_ _47\"> </span>composante <span class=\"_\"> </span>du Groupe <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>celui<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>s\u00e9par\u00e9 <span class=\"_ _3b\"></span>(par <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>mani\u00e8re) ou qui est d\u00e9tenue en vue de sa vente.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019IFRS\ue61f5, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>class\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u00ab\ue61fActivit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou en cours de cession\ue61f\u00bb,\ue61f:\u2022les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>doivent <span class=\"_ _3b\"></span>avoir <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>pr\u00e9alablement <span class=\"_ _3b\"></span>class\u00e9es en \u00ab\ue61fActifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f\u00bb\ue61f;\u2022les <span class=\"_ _37\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>cours <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _37\"> </span>doivent <span class=\"_ _44\"> </span>\u00eatre <span class=\"_ _37\"></span>clairement distingu\u00e9es <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>reste <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plan <span class=\"_ _44\"> </span>op\u00e9rationnel <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la communication d\u2019informations financi\u00e8res\ue61f;\u2022celles<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _37\"></span>doivent <span class=\"_ _37\"></span>repr\u00e9senter <span class=\"_ _3b\"></span>une <span class=\"_ _44\"> </span>ligne <span class=\"_ _3b\"></span>d\u2019activit\u00e9 <span class=\"_ _3b\"></span>significative <span class=\"_ _37\"> </span>(ou <span class=\"_ _37\"> </span>une r\u00e9gion g\u00e9ographique principale et distincte)\ue61f; et\u2022faire partie d\u2019un plan de cession ou d\u2019ab<span class=\"_ _0\"></span>andon <span class=\"_ _3\"></span>unique et coordonn\u00e9 ou \u00eatre une filiale acquise exclusivement dans le but de la r<span class=\"_ _0\"></span>evente.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">r\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 </span>sur <span class=\"_ _3\"></span>une ligne <span class=\"_ _3\"></span>distincte <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>compte de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>une analyse <span class=\"_ _3\"></span>d\u00e9taill\u00e9e <span class=\"_ _3\"></span>de ce montant <span class=\"_ _44\"> </span>\u00e9tant <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>ci<span class=\"ffb78\">\u2011</span>dessous<span class=\"_ _0\"></span>. <span class=\"_ _47\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>exercices pr\u00e9c\u00e9dents fait alors l\u2019<span class=\"_ _0\"></span>objet de reclassements pour pr\u00e9senter sur une ligne distincte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>le tableau des \ufb02ux de tr\u00e9sorerie, les \ufb02ux li\u00e9s \u00e0 ces activit\u00e9s <span class=\"_ _3\"></span>sont pr\u00e9sent\u00e9s de mani\u00e8re s\u00e9par\u00e9e des \ufb02ux des activit\u00e9s poursuivies<span class=\"_ _0\"></span>.Lorsqu\u2019un actif <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ou <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>groupe d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ne <span class=\"_ _3\"></span>remplit plus <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>crit\u00e8res <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _44\"> </span>d\u00e9tenus <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>vue <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_\"> </span>ils <span class=\"_ _44\"> </span>cessent <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00eatre class\u00e9s dans cette rubrique.D<span class=\"_ _0\"></span>ans ce cas, ils sont \u00e9valu\u00e9s au plus bas entre\ue61f:\u2022la <span class=\"_\"> </span>valeur <span class=\"_ _47\"> </span>comptable <span class=\"_\"> </span>av<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>classement <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actif<span class=\"_ _3b\"></span>) comme <span class=\"_ _3b\"></span>d\u00e9tenu <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>vue <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>vente, <span class=\"_ _3b\"></span>ajust\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>amortissement <span class=\"_ _3b\"></span>qui aurait <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs) n\u2019<span class=\"_ _0\"></span>avait <span class=\"_ _3b\"></span>pas <span class=\"_ _3\"></span>\u00e9t\u00e9 class\u00e9 comme d\u00e9tenu en vue de la vente\ue61f; et\u2022sa valeur recouvrable \u00e0 la date de d\u00e9cision de ne plus vendr<span class=\"_ _0\"></span>e. La valeur recouvrable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>haute <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>march\u00e9 <span class=\"_ _3\"></span>nette des co\u00fbts de cession et la valeur d\u2019utilit\u00e9.T<span class=\"_ _23\"></span>out <span class=\"_ _44\"> </span>ajustement <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>comptable <span class=\"_ _37\"> </span>est <span class=\"_\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>compte <span class=\"_ _47\"> </span>de r\u00e9sultat <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>poursuivies <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>laquelle <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>actifs cessent d\u2019<span class=\"_ _0\"></span>\u00eatre class\u00e9s comme d\u00e9tenus en vue de la vente<span class=\"_ _0\"></span>.Conform\u00e9ment \u00e0 la norme IFRS\ue61f5, la ligne r\u00e9sultat des activit\u00e9s arr\u00eat\u00e9es ou en <span class=\"_ _44\"> </span>cours <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _47\"> </span>pr\u00e9sent\u00e9e <span class=\"_ _37\"> </span>dans <span class=\"_\"> </span>le <span class=\"_ _37\"> </span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_ _47\"> </span>consolid\u00e9 <span class=\"_ _44\"> </span>de V<span class=\"_ _1\"></span>antiva <span class=\"_ _3\"></span>et <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>ligne <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>nette <span class=\"_ _3\"></span>utilis\u00e9e <span class=\"_ _3b\"></span>dans <span class=\"_ _3\"></span>les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3b\"></span>en cours de cession du tableau des \ufb02ux de tr\u00e9sorerie consolid\u00e9 compr<span class=\"_ _0\"></span>ennent\ue61f:\u2022le <span class=\"_ _3\"></span>r\u00e9sultat <span class=\"_ _3\"></span>et <span class=\"_ _3b\"></span>les <span class=\"_ _3\"></span>flux <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>tr\u00e9sorerie <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _3b\"></span>Creative <span class=\"_ _3\"></span>Studios <span class=\"_ _3\"></span>pour er2021 <span class=\"_ _3\"></span>et du <span class=\"_ _3\"></span>1<span class=\"_ _28\"> </span>\ue61fjanvier <span class=\"_ _3\"></span>2022 <span class=\"_ _3\"></span>au 27\ue61fseptembre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>ainsi <span class=\"_ _3\"></span>que le <span class=\"_ _3\"></span>plus<span class=\"ffb78\">\u2011</span>value et l\u2019impact en tr\u00e9sorerie de la D<span class=\"_ _0\"></span>istribution\ue61f;\u2022les <span class=\"_ _46\"> </span>r\u00e9sultats <span class=\"_ _61\"> </span>et <span class=\"_ _46\"> </span>les <span class=\"_ _61\"> </span>flux <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>la <span class=\"_ _61\"> </span>tr\u00e9sorerie <span class=\"_\"> </span>de <span class=\"_ _61\"> </span>l\u2019<span class=\"_ _0\"></span>activit\u00e9 <span class=\"_ _61\"> </span>de <span class=\"_ _46\"> </span>Licences <span class=\"_ _61\"> </span>de erMarques <span class=\"_ _37\"> </span>pour <span class=\"_ _44\"> </span>2021 <span class=\"_ _44\"> </span>et <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>1<span class=\"_ _6f\"> </span>\ue61fjanvier <span class=\"_ _44\"> </span>2022 <span class=\"_ _44\"> </span>au <span class=\"_ _44\"> </span>31\ue61fmai <span class=\"_ _37\"> </span>2022, <span class=\"_ _44\"> </span>ainsi <span class=\"_ _44\"> </span>que <span class=\"_ _37\"> </span>la plus<span class=\"ffb78\">\u2011</span>value et l\u2019impact en num\u00e9rair<span class=\"_ _0\"></span>e de sa cession\ue61f;\u2022les <span class=\"_ _61\"> </span>autres <span class=\"_ _61\"> </span>activit\u00e9s <span class=\"_ _61\"> </span>arr\u00eat\u00e9es <span class=\"_ _46\"> </span>ou <span class=\"_ _61\"> </span>en <span class=\"_ _60\"> </span>cours <span class=\"_ _61\"> </span>de <span class=\"_ _61\"> </span>cession <span class=\"_ _61\"> </span>concernent <span class=\"_ _61\"> </span>les impacts <span class=\"_ _37\"> </span>ult\u00e9rieurs <span class=\"_ _44\"> </span>restants <span class=\"_ _37\"> </span>des <span class=\"_ _44\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>c\u00e9d\u00e9es <span class=\"_ _37\"> </span>ou <span class=\"_ _44\"> </span>abandonn\u00e9es <span class=\"_ _37\"> </span>telles que les activit\u00e9s T<span class=\"_ _23\"></span>ubes <span class=\"_ _3\"></span>Cathodiques de 2004 et 2005.Les <span class=\"_ _3\"></span>comptes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3b\"></span> <span class=\"_ _3\"></span></span>au <span class=\"_ _3b\"></span>27\ue61fseptembre <span class=\"_ _3b\"></span>2022 <span class=\"_ _3b\"></span>ont <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>pr\u00e9par\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>partir <span class=\"_ _3b\"></span>des donn\u00e9es <span class=\"_ _3b\"></span>de <span class=\"_ _37\"> </span>cl\u00f4ture <span class=\"_ _37\"> </span>de <span class=\"_ _37\"> </span>septembre\ue61f2022 <span class=\"_ _37\"></span>communiqu\u00e9es <span class=\"_ _37\"></span>par <span class=\"_ _3b\"></span><span class=\"ls4d ws4d\">TC<span class=\"_ _3b\"></span>S,<span class=\"_ _3b\"></span> <span class=\"_ _3b\"></span></span>et <span class=\"_ _37\"> </span>sont en ligne avec la publication du 30\ue61fnovembre 2022.12.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>1<span class=\"_ _10d\"> </span>R\u00e9sultat des activit\u00e9s arr<span class=\"_ _0\"></span>\u00eat\u00e9es ou en cours de cessionExercice clos le 31\ue662d\u00e9cembreT<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)\ue61f2022StudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _2c\"> </span><span class=\"ffb80 fcc\">2021\ue662*</span>StudiosMarques<span class=\"_ _87\"> </span>AutreACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN C<span class=\"_ _0\"></span>OURS \ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662<span class=\"_ _8a\"> </span>\ue662DE\ue662CESSIONChi\ue61ere d\u2019<span class=\"_ _0\"></span>a\ue61eaires<span class=\"_ _364\"> </span>630<span class=\"_ _80\"> </span>623<span class=\"_ _5c\"> </span>6<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>649<span class=\"_ _27\"> </span>629<span class=\"_ _ac\"> </span>19<span class=\"_ _c2\"> </span>1Co\u00fbt de l\u2019<span class=\"_ _0\"></span>activit\u00e9<span class=\"_ _353\"> </span>(542)<span class=\"_ _96\"> </span>(542)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _31\"> </span>(519)<span class=\"_ _31\"> </span>(518)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-Marge brute<span class=\"_ _1e2\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _12\"> </span></span>82<span class=\"_ _5c\"> </span>6<span class=\"_ _c2\"> </span>-<span class=\"_ _27\"> </span>130<span class=\"_ _8c\"> </span>112<span class=\"_ _69\"> </span>18<span class=\"_ _ae\"> </span>-Fr<span class=\"_ _0\"></span>ais commerciaux et administratifs<span class=\"_ _28c\"> </span>(64)<span class=\"_ _c9\"> </span>(60)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _84\"> </span>(85)<span class=\"_ _26\"> </span><span class=\"ls70 ws70\">(<span class=\"_ _3\"></span>78<span class=\"_ _3\"></span>)<span class=\"_ _18c\"> </span></span>(<span class=\"_ _3\"></span>3)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)</span>Fr<span class=\"_ _0\"></span>ais de recherche et d\u00e9veloppement<span class=\"_ _fc\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)Co\u00fbts de restructuration<span class=\"_ _256\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1<span class=\"_ _18c\"> </span>(5)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(6<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span></span>-<span class=\"_ _c2\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur nettes sur actifs non courants (2)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _c8\"> </span></span>2<span class=\"_ _c2\"> </span>-op\u00e9rationnelsGain sur la d\u00e9consolidation de l\u2019<span class=\"_ _0\"></span>activit\u00e9 T<span class=\"_ _23\"></span>echnicolor 633<span class=\"_ _80\"> </span>633<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosGain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques<span class=\"_ _189\"> </span>57<span class=\"_ _c2\"> </span>-<span class=\"_ _ab\"> </span>57<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Gain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb7f\">Production<span class=\"_ _231\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>8<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-</span>Autres produits (charges)<span class=\"_ _2\"> </span>(1)<span class=\"_ _18c\"> </span>(2)<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>1<span class=\"_ _2c9\"> </span>(17)<span class=\"_ _18c\"> </span><span class=\"ls52 ws52\">(4<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span></span>-<span class=\"_ _2c9\"> </span>(12)R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T A<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>ANT CHARGES FINANCI\u00c8RES 709<span class=\"_ _1a6\"> </span><span class=\"ls0 ws0\">650<span class=\"_ _94\"> </span>62<span class=\"_ _8c\"> </span>(2)<span class=\"_ _94\"> </span>28<span class=\"_ _12\"> </span>28<span class=\"_ _ab\"> </span>16<span class=\"_ _84\"> </span>(16)</span>ET IMP\u00d4<span class=\"_ _0\"></span>TS (EBIT<span class=\"_ _3\"></span>) DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSIONCharges financi\u00e8res nettes<span class=\"_ _365\"> </span>(11)<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _80\"> </span>(11)<span class=\"_ _c2\"> </span>1<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)Imp\u00f4t sur les r\u00e9sultats<span class=\"_ _22a\"> </span>(17)<span class=\"_ _2c9\"> </span>(17)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _80\"> </span>(11)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-R\u00c9SUL<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T NET<span class=\"_ _225\"> </span>680<span class=\"_ _27\"> </span>619<span class=\"_ _94\"> </span>63<span class=\"_ _8c\"> </span>(2)<span class=\"_ _5c\"> </span>4<span class=\"_ _89\"> </span>7<span class=\"_ _ab\"> </span>15<span class=\"_ _84\"> </span>(19)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession.12.<span class=\"_ _0\"></span>1.2<span class=\"_ _52\"> </span>T<span class=\"_ _45\"></span>r\u00e9sorerie nette des activit\u00e9s arr\u00eat\u00e9es ou en cours de cessionExercice clos le 31\ue662d\u00e9cembre,2022<span class=\"_ _d4\"> </span><span class=\"ffb8d fc1\">2021\ue662*</span>T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)TOTALStudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _4d\"> </span><span class=\"ffb8c fcc\">TOTAL</span>StudiosMarques<span class=\"_ _87\"> </span>AutreR\u00e9sultat net des activit\u00e9s arr\u00eat\u00e9es ou en cours 680<span class=\"_ _27\"> </span>619<span class=\"_ _94\"> </span>63<span class=\"_ _8c\"> </span>(2)<span class=\"_ _5c\"> </span>4<span class=\"_ _89\"> </span>7<span class=\"_ _ab\"> </span>15<span class=\"_ _84\"> </span>(19)de\ue662cessionAjustements pour r\u00e9concilier le r<span class=\"_ _0\"></span>\u00e9sultat net des ac<span class=\"_ _3\"></span>tivit\u00e9s \ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _1e1\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61f<span class=\"_ _1e1\"> </span>\ue61f<span class=\"_ _8a\"> </span>\ue61fpoursuivies avec la variation ne<span class=\"_ _0\"></span>tte de la tr\u00e9sorerie d\u2019<span class=\"_ _0\"></span>exploitationAmortissements d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _1e7\"> </span>64<span class=\"_ _69\"> </span>63<span class=\"_ _ae\"> </span>-<span class=\"_ _180\"> </span>1<span class=\"_ _69\"> </span>83<span class=\"_ _ab\"> </span>83<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-P<span class=\"_ _0\"></span>ertes de valeur d\u2019<span class=\"_ _0\"></span>actifs<span class=\"_ _337\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ariation nette des provisions<span class=\"_ _cd\"> </span>(1)<span class=\"_ _89\"> </span>3<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span><span class=\"ls52 ws52\">(4)<span class=\"_ _8d\"> </span>(6<span class=\"_ _3\"></span>)<span class=\"_ _8d\"> </span></span>(3)<span class=\"_ _c2\"> </span>-<span class=\"_ _8d\"> </span><span class=\"ls52 ws52\">(4)</span>Gain sur la d\u00e9consolidation de l\u2019<span class=\"_ _0\"></span>activit\u00e9 T<span class=\"_ _23\"></span>echnicolor (633)<span class=\"_ _ad\"> </span>(633)<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosGain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Licences de Marques<span class=\"_ _5e\"> </span>(57)<span class=\"_ _c2\"> </span>-<span class=\"_ _1a6\"> </span>(57)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Gain sur la cession de l\u2019<span class=\"_ _0\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb8a\">Production<span class=\"_ _231\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>8<span class=\"_ _89\"> </span>8<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-</span>(<span class=\"_ _0\"></span>Gain) pertes sur cessions d\u2019actifs<span class=\"_ _1f2\"> </span>1<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _11\"> </span>(14)<span class=\"_ _2f\"> </span>(14)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Charges (produits) d\u2019int\u00e9r\u00eats<span class=\"_ _1b\"> </span>14<span class=\"_ _ac\"> </span>13<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _a7\"> </span>11<span class=\"_ _ab\"> </span>10<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Autres (dont imp\u00f4ts)<span class=\"_ _320\"> </span>13<span class=\"_ _17c\"> </span>13<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _17c\"> </span>17<span class=\"_ _188\"> </span>14<span class=\"_ _180\"> </span>1<span class=\"_ _89\"> </span>2V<span class=\"_ _1\"></span>ariation du besoin en fonds de roulement (86)<span class=\"_ _1a6\"> </span>(<span class=\"_ _3\"></span>77)<span class=\"_ _5c\"> </span>4<span class=\"_ _2c9\"> </span>(13)<span class=\"_ _ac\"> </span>19<span class=\"_ _17c\"> </span>17<span class=\"_ _c2\"> </span>-<span class=\"_ _89\"> </span>2et\ue61fdes\ue61fautres actifs et passifsInt\u00e9r\u00eats p<span class=\"_ _0\"></span>ay\u00e9s sur dettes de loyers<span class=\"_ _b8\"> </span>(10)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _80\"> </span>(11)<span class=\"_ _1a6\"> </span>(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Int\u00e9r\u00eats p<span class=\"_ _0\"></span>ay\u00e9s<span class=\"_ _34d\"> </span>(1)<span class=\"_ _18f\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>-Int\u00e9r\u00eats r<span class=\"_ _0\"></span>e\u00e7us<span class=\"_ _366\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Imp\u00f4ts pay\u00e9s sur les r<span class=\"_ _0\"></span>\u00e9sultats<span class=\"_ _220\"> </span>(17)<span class=\"_ _27\"> </span>(17)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _18f\"> </span>(1)<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE (32)<span class=\"_ _c9\"> </span><span class=\"ls53 ws53\">(24<span class=\"_ _3\"></span>)<span class=\"_ _69\"> </span></span>10<span class=\"_ _84\"> </span>(18)<span class=\"_ _2c9\"> </span>107<span class=\"_ _80\"> </span>110<span class=\"_ _ab\"> </span>14<span class=\"_ _84\"> </span>(18)D<span class=\"_ _0\"></span>\u2019EXPL<span class=\"_ _0\"></span>OIT<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TION DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (I)Acquisition de titres de participation, net de la (4)<span class=\"_ _180\"> </span><span class=\"ls0 ws0\">-<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span></span>(4<span class=\"_ _3\"></span>)<span class=\"_ _1a6\"> </span><span class=\"ls0 ws0\">(10)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _1a6\"> </span>(10)</span>tr\u00e9sorerie acquiseE\ue61eet de la d\u00e9consolidation de l\u2019<span class=\"_ _1\"></span>activit\u00e9 T<span class=\"_ _f\"></span>echnicolor (52)<span class=\"_ _26\"> </span>(52)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Creative StudiosE\ue61eet de la cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Licences de Marques<span class=\"_ _89\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _180\"> </span></span>-<span class=\"_ _69\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _c2\"> </span></span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-E\ue61eet de la cession de l\u2019<span class=\"_ _1\"></span>activit\u00e9 Post<span class=\"_ _0\"></span>\u2011<span class=\"ffb8a\">Production<span class=\"_ _190\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _188\"> </span>27<span class=\"_ _ab\"> </span>27<span class=\"_ _c2\"> </span>-<span class=\"_ _180\"> </span>-</span>Produit de cession net de titres de p<span class=\"_ _0\"></span>articipations<span class=\"_ _33\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)Acquisition d\u2019immobilisations corporelles<span class=\"_ _226\"> </span>(25)<span class=\"_ _26\"> </span>(25)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Cession d\u2019immobilisations corporelles et incorporelles<span class=\"_ _83\"> </span>1<span class=\"_ _c2\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c8\"> </span>2<span class=\"_ _89\"> </span>2<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Acquisition d\u2019immobilisations incorporelles incluant (19)<span class=\"_ _2f\"> </span>(19)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _11\"> </span>(16)<span class=\"_ _2f\"> </span>(16)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-les\ue61fco\u00fbts de d\u00e9veloppement capitalis\u00e9sT<span class=\"_ _f\"></span>r\u00e9sorerie mise en nantissement<span class=\"_ _33c\"> </span>-<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement de tr\u00e9sor<span class=\"_ _0\"></span>erie mise en nantissement<span class=\"_ _7a\"> </span>2<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c8\"> </span>2<span class=\"_ _89\"> </span>3<span class=\"_ _180\"> </span>1<span class=\"_ _ae\"> </span>-<span class=\"_ _c8\"> </span>2V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE (10)<span class=\"_ _c1\"> </span>(95)<span class=\"_ _18f\"> </span><span class=\"ls70 ws70\">88<span class=\"_ _8c\"> </span></span>(<span class=\"_ _3\"></span>2)<span class=\"_ _5e\"> </span>(8)<span class=\"_ _ae\"> </span>1<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>(9)D<span class=\"_ _0\"></span>\u2019INVESTISSEMENT DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (II)Exercice clos le 31\ue662d\u00e9cembre,2022<span class=\"_ _d4\"> </span><span class=\"ffb98 fc1\">2021\ue662*</span>T<span class=\"_ _23\"></span>echnicolor T<span class=\"_ _23\"></span>echnicolor Creative Licences de Creative Licences de (en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)TOTALStudiosMarques<span class=\"_ _87\"> </span>Autre<span class=\"_ _4d\"> </span><span class=\"ffb97 fcc\">TOTAL</span>StudiosMarques<span class=\"_ _87\"> </span>AutreAugmentation de capital<span class=\"_ _43\"> </span>-<span class=\"_ _ac\"> </span>12<span class=\"_ _c2\"> </span>-<span class=\"_ _2c9\"> </span>(12)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Augmentation des dettes financi\u00e8res<span class=\"_ _f7\"> </span><span class=\"ls53 ws53\">5<span class=\"_ _3\"></span>75<span class=\"_ _8c\"> </span></span>153<span class=\"_ _ae\"> </span>-<span class=\"_ _80\"> </span>422<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement des dettes de loyers<span class=\"_ _106\"> </span>(<span class=\"_ _3\"></span>27)<span class=\"_ _84\"> </span>(<span class=\"_ _3\"></span>25)<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span>(2)<span class=\"_ _26\"> </span>(<span class=\"_ _3\"></span>35)<span class=\"_ _26\"> </span>(<span class=\"_ _3\"></span>33)<span class=\"_ _c2\"> </span>-<span class=\"_ _18c\"> </span>(<span class=\"_ _3\"></span>2)Dividendes pay\u00e9s aux actionnair<span class=\"_ _0\"></span>es<span class=\"_ _19d\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-Remboursement des dettes financi\u00e8res<span class=\"_ _c6\"> </span>(3)<span class=\"_ _8d\"> </span>(<span class=\"_ _3\"></span>3)<span class=\"_ _ae\"> </span>-<span class=\"_ _c2\"> </span>-<span class=\"_ _12\"> </span>(1)<span class=\"_ _12\"> </span>(1)<span class=\"_ _c2\"> </span>-<span class=\"_ _c2\"> </span>-V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE DE 544<span class=\"_ _80\"> </span>136<span class=\"_ _ae\"> </span>-<span class=\"_ _26\"> </span>408<span class=\"_ _c1\"> </span>(<span class=\"_ _3\"></span>36)<span class=\"_ _72\"> </span>(<span class=\"_ _3\"></span>34)<span class=\"_ _c2\"> </span>-<span class=\"_ _8c\"> </span>(2)FINANCEMENT DES ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN COURS DE CESSION (III)V<span class=\"_ _1\"></span>ARIATION NETTE DE LA TR\u00c9S<span class=\"_ _0\"></span>ORERIE 502<span class=\"_ _ab\"> </span>17<span class=\"_ _12\"> </span>98<span class=\"_ _2c9\"> </span>387<span class=\"_ _94\"> </span>63<span class=\"_ _69\"> </span><span class=\"ls70 ws70\">78<span class=\"_ _69\"> </span></span>14<span class=\"_ _c1\"> </span>(<span class=\"_ _3\"></span>29)DES\ue662ACTIVIT\u00c9S ARR\u00caT\u00c9ES OU EN C<span class=\"_ _0\"></span>OURS DE\ue662CESSION (I+II+III)* Les chi\ue61fres 2021 ont <span class=\"ls63 ws63\">\u00e9t\u00e9 </span>retr<span class=\"_ _0\"></span>ait\u00e9s \u00e0 la suite du classement des activit\u00e9s T<span class=\"_ _f\"></span>echnicolor Creative Studios <span class=\"ls5e ws5e\">et </span>Licences de Mar<span class=\"_ _0\"></span>ques en ac<span class=\"_ _3\"></span>tivit\u00e9s arr\u00ea<span class=\"_ _0\"></span>t\u00e9es ou en cours de cession.12.2<span class=\"_ _bd\"> </span>Actifs et passifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9sConform\u00e9ment \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>norme <span class=\"_ _3\"></span>IFRS\ue61f5, <span class=\"_ _3\"></span>lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d\u00e9cid\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>c\u00e9der un <span class=\"_\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_ _47\"> </span>destin\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>\u00eatr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>c\u00e9d\u00e9), <span class=\"_\"> </span>il <span class=\"_\"> </span>le <span class=\"_\"> </span>classe <span class=\"_\"> </span>en <span class=\"_\"> </span>tant <span class=\"_\"> </span>qu\u2019<span class=\"_ _1\"></span>actif d\u00e9tenu en vue de la vente si\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>disponible <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vente imm\u00e9diate <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>son <span class=\"_ _65\"> </span>\u00e9tat <span class=\"_ _65\"> </span>actuel, <span class=\"_ _66\"> </span>sous <span class=\"_ _65\"> </span>r\u00e9serve <span class=\"_ _65\"> </span>uniquement <span class=\"_ _66\"> </span>des conditions <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>habituelles <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>coutumi\u00e8res <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>tels actifs\ue61f;\u2022sa vente est hautement probable dans un d\u00e9lai d\u2019un an.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3b\"></span>cet <span class=\"_ _3b\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9 </span>distinctement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fActifs <span class=\"_ _37\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>c\u00e9d\u00e9s\ue61f\u00bb <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>bilan. <span class=\"_ _37\"> </span>Les passifs relatifs <span class=\"_ _3\"></span>\u00e0 cet <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>ou groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>sont \u00e9galement <span class=\"_ _3\"></span>pr\u00e9sent\u00e9s <span class=\"_ _3\"></span>sur une ligne distincte au passif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>le Groupe, seuls les actifs <span class=\"_ _3\"></span>r\u00e9pondant aux crit\u00e8res ci<span class=\"ffb9b\">\u2011</span>dessus et <span class=\"_ _3\"></span>faisant l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>cession <span class=\"_ _60\"> </span>formelle <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>niveau <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>direction appropri\u00e9 <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>class\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>destin\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>c\u00e9d\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>cons\u00e9quences comptables sont les suivantes\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>\u00e9valu\u00e9 au <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plus <span class=\"_ _44\"> </span>bas <span class=\"_ _37\"> </span>entre <span class=\"_ _44\"> </span>sa <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>comptable <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sa <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur diminu\u00e9e des co\u00fbts de la vente\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>actif cesse d\u2019<span class=\"_ _0\"></span>\u00eatre amorti \u00e0 compter de la date du transfert.(en\ue61fmillions d\u2019<span class=\"_ _0\"></span>euros)31\ue662d\u00e9cembre 2022<span class=\"_ _26\"> </span><span class=\"ffb98 fc1\">31\ue662d\u00e9cembre 2021</span>ACTIFS DESTIN\u00c9S \u00c0 \u00caTRE C\u00c9D\u00c9S<span class=\"_ _136\"> </span>1<span class=\"_ _f7\"> </span>3P<span class=\"_ _0\"></span>ASSIFS DESTIN\u00c9S \u00c0 \u00caTRE C\u00c9D\u00c9S<span class=\"_ _14a\"> </span>-<span class=\"_ _19\"> </span>-\ue61fAu <span class=\"_ _44\"> </span>31\ue61fd\u00e9cembre <span class=\"_ _44\"> </span>2022, <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _47\"> </span>\u00eatre <span class=\"_ _37\"> </span>c\u00e9d\u00e9s <span class=\"_ _44\"> </span>s\u2019\u00e9l\u00e8vent <span class=\"_ _37\"> </span>\u00e0 <span class=\"_ _44\"> </span>1\ue61fmillion <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>comprennent <span class=\"_ _44\"> </span>les <span class=\"_ _44\"> </span>actifs <span class=\"_ _44\"> </span>de <span class=\"_ _44\"> </span>droit <span class=\"_ _44\"> </span>d\u2019usage <span class=\"_ _44\"> </span>immobiliers <span class=\"_ _44\"> </span>o\ue61derts <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _44\"> </span>la sous<span class=\"ffb9b\">\u2011</span>location \u00e0 long terme ou en ren\u00e9gociation avec le bailleur au lieu de 3\ue61fmillions d\u2019<span class=\"_ _1\"></span>euros en 2021.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-259-4": {
   "value": "Une <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>arr<span class=\"_ _0\"></span>\u00eat\u00e9e <span class=\"_\"> </span>ou <span class=\"_\"> </span>en <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>cession <span class=\"_ _47\"> </span>est <span class=\"_\"> </span>une <span class=\"_ _47\"> </span>composante <span class=\"_\"> </span>du Groupe <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>celui<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>s\u00e9par\u00e9 <span class=\"_ _3b\"></span>(par <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>mani\u00e8re) ou qui est d\u00e9tenue en vue de sa vente.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019IFRS\ue61f5, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>class\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u00ab\ue61fActivit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou en cours de cession\ue61f\u00bb,\ue61f:\u2022les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>doivent <span class=\"_ _3b\"></span>avoir <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>pr\u00e9alablement <span class=\"_ _3b\"></span>class\u00e9es en \u00ab\ue61fActifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f\u00bb\ue61f;\u2022les <span class=\"_ _37\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>cours <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _37\"> </span>doivent <span class=\"_ _44\"> </span>\u00eatre <span class=\"_ _37\"></span>clairement distingu\u00e9es <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>reste <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plan <span class=\"_ _44\"> </span>op\u00e9rationnel <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la communication d\u2019informations financi\u00e8res\ue61f;\u2022celles<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _37\"></span>doivent <span class=\"_ _37\"></span>repr\u00e9senter <span class=\"_ _3b\"></span>une <span class=\"_ _44\"> </span>ligne <span class=\"_ _3b\"></span>d\u2019activit\u00e9 <span class=\"_ _3b\"></span>significative <span class=\"_ _37\"> </span>(ou <span class=\"_ _37\"> </span>une r\u00e9gion g\u00e9ographique principale et distincte)\ue61f; et\u2022faire partie d\u2019un plan de cession ou d\u2019ab<span class=\"_ _0\"></span>andon <span class=\"_ _3\"></span>unique et coordonn\u00e9 ou \u00eatre une filiale acquise exclusivement dans le but de la r<span class=\"_ _0\"></span>evente.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">r\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 </span>sur <span class=\"_ _3\"></span>une ligne <span class=\"_ _3\"></span>distincte <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>compte de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>une analyse <span class=\"_ _3\"></span>d\u00e9taill\u00e9e <span class=\"_ _3\"></span>de ce montant <span class=\"_ _44\"> </span>\u00e9tant <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>ci<span class=\"ffb78\">\u2011</span>dessous<span class=\"_ _0\"></span>. <span class=\"_ _47\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>exercices pr\u00e9c\u00e9dents fait alors l\u2019<span class=\"_ _0\"></span>objet de reclassements pour pr\u00e9senter sur une ligne distincte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>le tableau des \ufb02ux de tr\u00e9sorerie, les \ufb02ux li\u00e9s \u00e0 ces activit\u00e9s <span class=\"_ _3\"></span>sont pr\u00e9sent\u00e9s de mani\u00e8re s\u00e9par\u00e9e des \ufb02ux des activit\u00e9s poursuivies<span class=\"_ _0\"></span>.Lorsqu\u2019un actif <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ou <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>groupe d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ne <span class=\"_ _3\"></span>remplit plus <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>crit\u00e8res <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _44\"> </span>d\u00e9tenus <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>vue <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_\"> </span>ils <span class=\"_ _44\"> </span>cessent <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00eatre class\u00e9s dans cette rubrique.D<span class=\"_ _0\"></span>ans ce cas, ils sont \u00e9valu\u00e9s au plus bas entre\ue61f:\u2022la <span class=\"_\"> </span>valeur <span class=\"_ _47\"> </span>comptable <span class=\"_\"> </span>av<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>classement <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actif<span class=\"_ _3b\"></span>) comme <span class=\"_ _3b\"></span>d\u00e9tenu <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>vue <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>vente, <span class=\"_ _3b\"></span>ajust\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>amortissement <span class=\"_ _3b\"></span>qui aurait <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs) n\u2019<span class=\"_ _0\"></span>avait <span class=\"_ _3b\"></span>pas <span class=\"_ _3\"></span>\u00e9t\u00e9 class\u00e9 comme d\u00e9tenu en vue de la vente\ue61f; et\u2022sa valeur recouvrable \u00e0 la date de d\u00e9cision de ne plus vendr<span class=\"_ _0\"></span>e. La valeur recouvrable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>haute <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>march\u00e9 <span class=\"_ _3\"></span>nette des co\u00fbts de cession et la valeur d\u2019utilit\u00e9.T<span class=\"_ _23\"></span>out <span class=\"_ _44\"> </span>ajustement <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>comptable <span class=\"_ _37\"> </span>est <span class=\"_\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>compte <span class=\"_ _47\"> </span>de r\u00e9sultat <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>poursuivies <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>laquelle <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>actifs cessent d\u2019<span class=\"_ _0\"></span>\u00eatre class\u00e9s comme d\u00e9tenus en vue de la vente<span class=\"_ _0\"></span>.Conform\u00e9ment \u00e0 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>norme <span class=\"_ _3\"></span>IFRS\ue61f5, <span class=\"_ _3\"></span>lorsque <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Groupe <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>d\u00e9cid\u00e9 <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>c\u00e9der un <span class=\"_\"> </span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_ _47\"> </span>destin\u00e9 <span class=\"_\"> </span>\u00e0 <span class=\"_\"> </span>\u00eatr<span class=\"_ _0\"></span>e <span class=\"_\"> </span>c\u00e9d\u00e9), <span class=\"_\"> </span>il <span class=\"_\"> </span>le <span class=\"_\"> </span>classe <span class=\"_\"> </span>en <span class=\"_\"> </span>tant <span class=\"_\"> </span>qu\u2019<span class=\"_ _1\"></span>actif d\u00e9tenu en vue de la vente si\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _64\"> </span>ou <span class=\"_ _64\"> </span>le <span class=\"_ _64\"> </span>Groupe <span class=\"_ _64\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _64\"> </span>est <span class=\"_ _64\"> </span>disponible <span class=\"_ _64\"> </span>en <span class=\"_ _64\"> </span>vue <span class=\"_ _64\"> </span>de <span class=\"_ _64\"> </span>sa <span class=\"_ _64\"> </span>vente imm\u00e9diate <span class=\"_ _65\"> </span>dans <span class=\"_ _66\"> </span>son <span class=\"_ _65\"> </span>\u00e9tat <span class=\"_ _65\"> </span>actuel, <span class=\"_ _66\"> </span>sous <span class=\"_ _65\"> </span>r\u00e9serve <span class=\"_ _65\"> </span>uniquement <span class=\"_ _66\"> </span>des conditions <span class=\"_ _44\"> </span>qui <span class=\"_ _44\"> </span>sont <span class=\"_ _44\"> </span>habituelles <span class=\"_ _37\"> </span>et <span class=\"_ _44\"> </span>coutumi\u00e8res <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la <span class=\"_ _44\"> </span>vente <span class=\"_ _44\"> </span>de <span class=\"_ _37\"> </span>tels actifs\ue61f;\u2022sa vente est hautement probable dans un d\u00e9lai d\u2019un an.En <span class=\"_ _3b\"></span><span class=\"ls0 ws0\">cons\u00e9quence, <span class=\"_ _3b\"></span>cet <span class=\"_ _3b\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>pr\u00e9sent\u00e9 </span>distinctement <span class=\"_ _37\"> </span>sur <span class=\"_ _44\"> </span>la <span class=\"_ _37\"> </span>ligne <span class=\"_ _44\"> </span>\u00ab\ue61fActifs <span class=\"_ _37\"> </span>destin\u00e9s <span class=\"_ _44\"> </span>\u00e0 <span class=\"_ _37\"> </span>\u00eatre <span class=\"_ _44\"> </span>c\u00e9d\u00e9s\ue61f\u00bb <span class=\"_ _37\"> </span>du <span class=\"_ _44\"> </span>bilan. <span class=\"_ _37\"> </span>Les passifs relatifs <span class=\"_ _3\"></span>\u00e0 cet <span class=\"_ _3\"></span>actif <span class=\"_ _3\"></span>ou groupe <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>sont \u00e9galement <span class=\"_ _3\"></span>pr\u00e9sent\u00e9s <span class=\"_ _3\"></span>sur une ligne distincte au passif<span class=\"_ _0\"></span>.P<span class=\"_ _0\"></span>our <span class=\"_ _3\"></span>le Groupe, seuls les actifs <span class=\"_ _3\"></span>r\u00e9pondant aux crit\u00e8res ci<span class=\"ffb9b\">\u2011</span>dessus et <span class=\"_ _3\"></span>faisant l\u2019<span class=\"_ _0\"></span>objet <span class=\"_ _60\"> </span>d\u2019une <span class=\"_ _60\"> </span>d\u00e9cision <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>cession <span class=\"_ _60\"> </span>formelle <span class=\"_ _60\"> </span>\u00e0 <span class=\"_ _60\"> </span>un <span class=\"_ _60\"> </span>niveau <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>direction appropri\u00e9 <span class=\"_ _3\"></span>sont <span class=\"_ _3\"></span>class\u00e9s <span class=\"_ _3\"></span>en <span class=\"_ _3b\"></span>actifs <span class=\"_ _3\"></span>destin\u00e9s <span class=\"_ _3\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>c\u00e9d\u00e9s. <span class=\"_ _3\"></span>Les <span class=\"_ _3\"></span>cons\u00e9quences comptables sont les suivantes\ue61f:\u2022l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>groupe <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _37\"></span>\u00e0 <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9) <span class=\"_ _3b\"></span>destin\u00e9 <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>c\u00e9d\u00e9 <span class=\"_ _3b\"></span>est <span class=\"_ _3b\"></span>\u00e9valu\u00e9 au <span class=\"_ _37\"> </span>montant <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plus <span class=\"_ _44\"> </span>bas <span class=\"_ _37\"> </span>entre <span class=\"_ _44\"> </span>sa <span class=\"_ _44\"> </span>valeur <span class=\"_ _37\"> </span>comptable <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>sa <span class=\"_ _37\"> </span>juste <span class=\"_ _44\"> </span>valeur diminu\u00e9e des co\u00fbts de la vente\ue61f;\u2022l\u2019<span class=\"_ _0\"></span>actif cesse d\u2019<span class=\"_ _0\"></span>\u00eatre amorti \u00e0 compter de la date du transfert.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-259-5": {
   "value": "Une <span class=\"_\"> </span>activit\u00e9 <span class=\"_\"> </span>arr<span class=\"_ _0\"></span>\u00eat\u00e9e <span class=\"_\"> </span>ou <span class=\"_\"> </span>en <span class=\"_\"> </span>cours <span class=\"_\"> </span>de <span class=\"_\"> </span>cession <span class=\"_ _47\"> </span>est <span class=\"_\"> </span>une <span class=\"_ _47\"> </span>composante <span class=\"_\"> </span>du Groupe <span class=\"_ _3\"></span>dont <span class=\"_ _3b\"></span>celui<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _3b\"></span>s\u2019<span class=\"_ _0\"></span>est <span class=\"_ _3b\"></span>s\u00e9par\u00e9 <span class=\"_ _3b\"></span>(par <span class=\"_ _3\"></span>sa <span class=\"_ _3b\"></span>vente <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>d\u2019une <span class=\"_ _3b\"></span>autre <span class=\"_ _3\"></span>mani\u00e8re) ou qui est d\u00e9tenue en vue de sa vente.Conform\u00e9ment <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _37\"></span>l\u2019IFRS\ue61f5, <span class=\"_ _3b\"></span>pour <span class=\"_ _37\"></span>\u00eatre <span class=\"_ _3b\"></span>class\u00e9es <span class=\"_ _37\"></span>en <span class=\"_ _37\"></span>\u00ab\ue61fActivit\u00e9s <span class=\"_ _3b\"></span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou en cours de cession\ue61f\u00bb,\ue61f:\u2022les <span class=\"_ _3b\"></span>activit\u00e9s <span class=\"_ _3\"></span>doivent <span class=\"_ _3b\"></span>avoir <span class=\"_ _3b\"></span>\u00e9t\u00e9 <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3b\"></span>ou <span class=\"_ _3b\"></span>\u00eatre <span class=\"_ _3\"></span>pr\u00e9alablement <span class=\"_ _3b\"></span>class\u00e9es en \u00ab\ue61fActifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s\ue61f\u00bb\ue61f;\u2022les <span class=\"_ _37\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>arr\u00eat\u00e9es <span class=\"_ _37\"></span>ou <span class=\"_ _37\"> </span>en <span class=\"_ _44\"> </span>cours <span class=\"_ _37\"> </span>de <span class=\"_ _44\"> </span>cession <span class=\"_ _37\"> </span>doivent <span class=\"_ _44\"> </span>\u00eatre <span class=\"_ _37\"></span>clairement distingu\u00e9es <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>reste <span class=\"_ _44\"> </span>du <span class=\"_ _44\"> </span>Groupe<span class=\"_ _0\"></span>, <span class=\"_ _44\"> </span>sur <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>plan <span class=\"_ _44\"> </span>op\u00e9rationnel <span class=\"_ _44\"> </span>et <span class=\"_ _44\"> </span>pour <span class=\"_ _44\"> </span>la communication d\u2019informations financi\u00e8res\ue61f;\u2022celles<span class=\"ffb78\">\u2011</span>ci <span class=\"_ _37\"></span>doivent <span class=\"_ _37\"></span>repr\u00e9senter <span class=\"_ _3b\"></span>une <span class=\"_ _44\"> </span>ligne <span class=\"_ _3b\"></span>d\u2019activit\u00e9 <span class=\"_ _3b\"></span>significative <span class=\"_ _37\"> </span>(ou <span class=\"_ _37\"> </span>une r\u00e9gion g\u00e9ographique principale et distincte)\ue61f; et\u2022faire partie d\u2019un plan de cession ou d\u2019ab<span class=\"_ _0\"></span>andon <span class=\"_ _3\"></span>unique et coordonn\u00e9 ou \u00eatre une filiale acquise exclusivement dans le but de la r<span class=\"_ _0\"></span>evente.Le <span class=\"_ _3\"></span><span class=\"ls0 ws0\">r\u00e9sultat <span class=\"_ _3\"></span>net <span class=\"_ _3\"></span>des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>pr\u00e9sent\u00e9 </span>sur <span class=\"_ _3\"></span>une ligne <span class=\"_ _3\"></span>distincte <span class=\"_ _3\"></span>du <span class=\"_ _3\"></span>compte de <span class=\"_ _3\"></span>r\u00e9sultat, <span class=\"_ _3\"></span>une analyse <span class=\"_ _3\"></span>d\u00e9taill\u00e9e <span class=\"_ _3\"></span>de ce montant <span class=\"_ _44\"> </span>\u00e9tant <span class=\"_ _44\"> </span>donn\u00e9 <span class=\"_\"> </span>ci<span class=\"ffb78\">\u2011</span>dessous<span class=\"_ _0\"></span>. <span class=\"_ _47\"> </span><span class=\"ls4 ws4\">Le <span class=\"_ _44\"> </span></span>compte <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>r<span class=\"_ _0\"></span>\u00e9sultat <span class=\"_\"> </span>des <span class=\"_ _44\"> </span>exercices pr\u00e9c\u00e9dents fait alors l\u2019<span class=\"_ _0\"></span>objet de reclassements pour pr\u00e9senter sur une ligne distincte <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>r\u00e9sultat des <span class=\"_ _3\"></span>activit\u00e9s <span class=\"_ _3\"></span>arr\u00eat\u00e9es <span class=\"_ _3\"></span>ou <span class=\"_ _3\"></span>en <span class=\"_ _3\"></span>cours <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>cession. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ans <span class=\"_ _3\"></span>le tableau des \ufb02ux de tr\u00e9sorerie, les \ufb02ux li\u00e9s \u00e0 ces activit\u00e9s <span class=\"_ _3\"></span>sont pr\u00e9sent\u00e9s de mani\u00e8re s\u00e9par\u00e9e des \ufb02ux des activit\u00e9s poursuivies<span class=\"_ _0\"></span>.Lorsqu\u2019un actif <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ou <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>groupe d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>courant ne <span class=\"_ _3\"></span>remplit plus <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>crit\u00e8res <span class=\"_ _47\"> </span>d\u2019<span class=\"_ _0\"></span>actifs <span class=\"_ _44\"> </span>d\u00e9tenus <span class=\"_\"> </span>en <span class=\"_ _47\"> </span>vue <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>la <span class=\"_ _44\"> </span>vente, <span class=\"_\"> </span>ils <span class=\"_ _44\"> </span>cessent <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>\u00eatre class\u00e9s dans cette rubrique.D<span class=\"_ _0\"></span>ans ce cas, ils sont \u00e9valu\u00e9s au plus bas entre\ue61f:\u2022la <span class=\"_\"> </span>valeur <span class=\"_ _47\"> </span>comptable <span class=\"_\"> </span>av<span class=\"_ _0\"></span>ant <span class=\"_\"> </span>classement <span class=\"_\"> </span>de <span class=\"_\"> </span>l\u2019<span class=\"_ _1\"></span>actif <span class=\"_\"> </span>(ou <span class=\"_\"> </span>groupe <span class=\"_\"> </span>d\u2019<span class=\"_ _1\"></span>actif<span class=\"_ _3b\"></span>) comme <span class=\"_ _3b\"></span>d\u00e9tenu <span class=\"_ _3b\"></span>en <span class=\"_ _3b\"></span>vue <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>la <span class=\"_ _3b\"></span>vente, <span class=\"_ _3b\"></span>ajust\u00e9 <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>amortissement <span class=\"_ _3b\"></span>qui aurait <span class=\"_ _3\"></span>\u00e9t\u00e9 <span class=\"_ _3b\"></span>comptabilis\u00e9 <span class=\"_ _3b\"></span>si <span class=\"_ _3b\"></span>l\u2019<span class=\"_ _0\"></span>actif <span class=\"_ _3b\"></span>(ou <span class=\"_ _3b\"></span>le <span class=\"_ _3b\"></span>Groupe <span class=\"_ _3b\"></span>d\u2019<span class=\"_ _0\"></span>actifs) n\u2019<span class=\"_ _0\"></span>avait <span class=\"_ _3b\"></span>pas <span class=\"_ _3\"></span>\u00e9t\u00e9 class\u00e9 comme d\u00e9tenu en vue de la vente\ue61f; et\u2022sa valeur recouvrable \u00e0 la date de d\u00e9cision de ne plus vendr<span class=\"_ _0\"></span>e. La valeur recouvrable <span class=\"_ _3\"></span>est <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>la <span class=\"_ _3b\"></span>plus <span class=\"_ _3\"></span>haute <span class=\"_ _3\"></span>entre <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>valeur <span class=\"_ _3\"></span>de <span class=\"_ _3b\"></span>march\u00e9 <span class=\"_ _3\"></span>nette des co\u00fbts de cession et la valeur d\u2019utilit\u00e9.T<span class=\"_ _23\"></span>out <span class=\"_ _44\"> </span>ajustement <span class=\"_\"> </span>de <span class=\"_ _37\"> </span>la <span class=\"_\"> </span>v<span class=\"_ _0\"></span>aleur <span class=\"_\"> </span>comptable <span class=\"_ _37\"> </span>est <span class=\"_\"> </span>inclus <span class=\"_ _44\"> </span>dans <span class=\"_ _44\"> </span>le <span class=\"_ _44\"> </span>compte <span class=\"_ _47\"> </span>de r\u00e9sultat <span class=\"_ _44\"> </span>des <span class=\"_\"> </span>activit\u00e9s <span class=\"_ _44\"> </span>poursuivies <span class=\"_\"> </span>de <span class=\"_ _44\"> </span>la <span class=\"_\"> </span>p\u00e9riode <span class=\"_ _47\"> </span>dans <span class=\"_ _44\"> </span>laquelle <span class=\"_\"> </span>les <span class=\"_ _44\"> </span>actifs cessent d\u2019<span class=\"_ _0\"></span>\u00eatre class\u00e9s comme d\u00e9tenus en vue de la vente<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-270-2": {
   "value": "Note 13<span class=\"_ _c4\"> </span>\u00c9<span class=\"_ _0\"></span>v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tur<span class=\"_ _0\"></span>eLe <span class=\"_ _6f\"> </span><span class=\"ls0 ws0\">8\ue61fmars <span class=\"_ _28\"> </span>2023, <span class=\"_ _28\"> </span>T<span class=\"_ _23\"></span>echnicolor <span class=\"_ _6f\"> </span>Creative <span class=\"_ _28\"> </span>Studios <span class=\"_ _6f\"> </span>(\u00ab\ue61fT<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>S\ue61f\u00bb), <span class=\"_ _6f\"> </span>certains </span>cr\u00e9diteurs <span class=\"_ _3b\"></span>et <span class=\"_ _37\"></span>actionnaires, <span class=\"_ _3b\"></span>dont <span class=\"_ _37\"></span>V<span class=\"_ _1\"></span>antiva <span class=\"_ _3b\"></span>ont <span class=\"_ _37\"></span>conclu <span class=\"_ _3b\"></span>un <span class=\"_ _37\"> </span>accord <span class=\"_ _37\"></span>de <span class=\"_ _37\"></span>principe sur <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>apport <span class=\"_ _3\"></span>d\u2019un <span class=\"_ _3\"></span>nouveau financement <span class=\"_ _3\"></span>de <span class=\"_ _3\"></span>170\ue61fmillions <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>euros<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>incluant <span class=\"_ _3\"></span>une recapitalisation <span class=\"_ _61\"> </span>et <span class=\"_ _64\"> </span>permettant <span class=\"_ _61\"> </span>de <span class=\"_ _60\"> </span>r\u00e9tablir <span class=\"_ _60\"> </span>sa <span class=\"_ _60\"> </span>position <span class=\"_ _64\"> </span>de <span class=\"_ _61\"> </span><span class=\"ffba2\">leader<span class=\"_ _60\"> </span></span> sur <span class=\"_ _60\"> </span>le march\u00e9<span class=\"_ _0\"></span>. <span class=\"_ _3b\"></span><span class=\"ls4 ws4\">Ce <span class=\"_ _3b\"></span></span>plan <span class=\"_ _3\"></span>sera <span class=\"_ _3\"></span>soumis <span class=\"_ _3b\"></span>\u00e0 <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>approbation <span class=\"_ _3\"></span>du <span class=\"_ _3b\"></span>T<span class=\"_ _23\"></span>ribunal <span class=\"_ _3b\"></span>de <span class=\"_ _3\"></span>commerce <span class=\"_ _3\"></span>de Paris <span class=\"_ _47\"> </span>d\u2019ici <span class=\"_\"> </span>la <span class=\"_ _47\"> </span>fin <span class=\"_\"> </span>du <span class=\"_\"> </span>mois <span class=\"_ _44\"> </span>de <span class=\"_\"> </span>mars\ue61f2023. <span class=\"_\"> </span>La <span class=\"_\"> </span>conclusion <span class=\"_\"> </span>d\u00e9finitive <span class=\"_\"> </span>de <span class=\"_\"> </span>cet accord <span class=\"_ _61\"> </span>est <span class=\"_ _61\"> </span>attendue <span class=\"_ _61\"> </span>pour <span class=\"_ _61\"> </span>la <span class=\"_ _61\"> </span>fin <span class=\"_ _60\"> </span>du <span class=\"_ _61\"> </span>premier <span class=\"_ _61\"> </span>semestre. <span class=\"_ _46\"> </span>Av<span class=\"_ _0\"></span>ant <span class=\"_ _60\"> </span>cela, <span class=\"_ _61\"> </span>un financement <span class=\"_ _3b\"></span>provisoire <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>85\ue61fmillions <span class=\"_ _37\"></span>d\u2019<span class=\"_ _0\"></span>euros <span class=\"_ _3b\"></span>venant <span class=\"_ _37\"></span>d\u2019<span class=\"_ _f\"></span>Angelo <span class=\"_ _3b\"></span>Gordon <span class=\"_ _37\"></span>et des pr\u00eateurs de nouveau financement est attendu.Le <span class=\"ls0 ws0\">Groupe s\u2019<span class=\"_ _0\"></span>attend <span class=\"_ _3\"></span>\u00e0 une dilution de sa part <span class=\"_ _3\"></span>dans <span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _3\"></span></span>en cons\u00e9quence de </span>cet accord. Les impacts de <span class=\"_ _3\"></span>cet accord dans la <span class=\"_ _3\"></span>valorisation et la qualification de <span class=\"_\"> </span>la <span class=\"_\"> </span>p<span class=\"_ _0\"></span>articipation <span class=\"_\"> </span>de <span class=\"_\"> </span>V<span class=\"_ _f\"></span>antiva <span class=\"_\"> </span>dans <span class=\"_\"> </span><span class=\"ls4d ws4d\">TC<span class=\"_ _3\"></span>S<span class=\"_ _3\"></span> <span class=\"_\"> </span></span>n\u2019<span class=\"_ _0\"></span>ont <span class=\"_\"> </span>pas <span class=\"_\"> </span>\u00e9t\u00e9 <span class=\"_ _44\"> </span>re\ufb02\u00e9t\u00e9 <span class=\"_\"> </span>dans <span class=\"_\"> </span>les comptes <span class=\"_ _3b\"></span>de <span class=\"_ _3b\"></span>2022\ue61f; <span class=\"_ _3b\"></span>tout <span class=\"_ _3b\"></span>impact <span class=\"_ _3b\"></span>potentiel <span class=\"_ _3b\"></span>sera <span class=\"_ _3b\"></span>consid\u00e9r\u00e9 <span class=\"_ _3b\"></span>dans <span class=\"_ _3b\"></span>les <span class=\"_ _3b\"></span>comptes 2023 de V<span class=\"_ _1\"></span>antiva.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-273-2": {
   "value": "Note 14<span class=\"_ _ca\"> </span>Honor<span class=\"_ _0\"></span>aires des commissair<span class=\"_ _0\"></span>es aux comptesDeloitte<span class=\"_ _c\"> </span>Mazars<span class=\"_ _b7\"> </span>Total(en milliers d\u2019<span class=\"_ _0\"></span>euros)2022<span class=\"_ _80\"> </span><span class=\"ffba5 fc1\">2021\ue662*<span class=\"_ _ab\"> </span></span>2022<span class=\"_ _80\"> </span><span class=\"ffba5 fc1\">2021\ue662*<span class=\"_ _69\"> </span></span>2022<span class=\"_ _17f\"> </span><span class=\"ffba5 fc1\">2021\ue662*</span>Commissariat aux comptes, certi\ue75ccation, ex<span class=\"_ _0\"></span>amen \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662des\ue662comptes individuels et consolid\u00e9sV<span class=\"_ _1\"></span>antiva SA<span class=\"_ _161\"> </span><span class=\"lsa9 wsa9\">768<span class=\"_ _180\"> </span></span>983<span class=\"_ _c2\"> </span><span class=\"ls70 ws70\">889<span class=\"_ _94\"> </span></span>1\ue61f064<span class=\"_ _ab\"> </span>1\ue61f657<span class=\"_ _18f\"> </span>2\ue61f047Filiales<span class=\"_ _367\"> </span>620<span class=\"_ _1fd\"> </span>1\ue61f361<span class=\"_ _8a\"> </span>737<span class=\"_ _180\"> </span>835<span class=\"_ _ac\"> </span>1\ue61f357<span class=\"_ _69\"> </span>2\ue61f196Sous\u2011<span class=\"ffba5\">total<span class=\"_ _f6\"> </span>1\ue662387<span class=\"_ _8d\"> </span>2\ue662344<span class=\"_ _18f\"> </span>1\ue662626<span class=\"_ _a9\"> </span>1\ue662899<span class=\"_ _18f\"> </span>3\ue662013<span class=\"_ _8d\"> </span>4\ue662243</span>Services autres que la certi\ue75ccation des comptes requis \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662(1)par\ue662les\ue662textes l\u00e9gaux et r\u00e9glementaires\ue662V<span class=\"_ _1\"></span>antiva SA<span class=\"_ _196\"> </span>136<span class=\"_ _d7\"> </span>93<span class=\"_ _ae\"> </span>230<span class=\"_ _178\"> </span>-<span class=\"_ _c2\"> </span>366<span class=\"_ _d7\"> </span>93Filiales<span class=\"_ _203\"> </span>18<span class=\"_ _194\"> </span>14<span class=\"_ _d7\"> </span>22<span class=\"_ _9a\"> </span>2<span class=\"_ _58\"> </span>40<span class=\"_ _194\"> </span>15Sous<span class=\"ffba3\">\u2011<span class=\"ffba5\">total<span class=\"_ _196\"> </span>154<span class=\"_ _ae\"> </span>107<span class=\"_ _ae\"> </span></span></span>252<span class=\"_ _9a\"> </span>2<span class=\"_ _83\"> </span><span class=\"ffba5\">406<span class=\"_ _c8\"> </span>108</span>Services autres que la certi\ue75ccation des comptes fournis \ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _4e\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662<span class=\"_ _34\"> </span>\ue662(2)\u00e0\ue662la\ue662demande de l\u2019<span class=\"_ _0\"></span>entit\u00e9\ue662V<span class=\"_ _1\"></span>antiva SA<span class=\"_ _217\"> </span>-<span class=\"_ _1a4\"> </span>7<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _178\"> </span>-<span class=\"_ _97\"> </span>7Filiales<span class=\"_ _302\"> </span>9<span class=\"_ _186\"> </span>52<span class=\"_ _178\"> </span>-<span class=\"_ _d7\"> </span>22<span class=\"_ _9a\"> </span>9<span class=\"_ _194\"> </span><span class=\"ls55 ws55\">74</span>Sous<span class=\"ffba3\">\u2011<span class=\"ffba5\">total<span class=\"_ _ec\"> </span>9<span class=\"_ _1da\"> </span>58<span class=\"_ _178\"> </span></span></span>-<span class=\"_ _186\"> </span>22<span class=\"_ _9e\"> </span><span class=\"ffba5\">9<span class=\"_ _7a\"> </span>80</span>TO<span class=\"_ _3\"></span>TA<span class=\"_ _3\"></span>L<span class=\"_ _368\"> </span><span class=\"ffba5 ls0 ws0\">1\ue662550<span class=\"_ _8c\"> </span>2\ue662509<span class=\"_ _a9\"> </span>1\ue662878<span class=\"_ _12\"> </span>1\ue662923<span class=\"_ _18c\"> </span>3\ue662428<span class=\"_ _12\"> </span>4\ue662431</span>* Les montants de 2021 inclus les honorair<span class=\"_ _0\"></span>es relatifs aux filiales de T<span class=\"_ _f\"></span>echnicolor Creative Studios<span class=\"_ _0\"></span>.(1) Ces prestations couvr<span class=\"_ _0\"></span>ent les rapports sur augmentation de capital <span class=\"ls5e ws5e\">et </span>sur les op\u00e9rations de re<span class=\"_ _0\"></span>financement en 2022 <span class=\"ls5e ws5e\">et <span class=\"_ _3\"></span></span>autres services r<span class=\"_ _0\"></span>equis par textes l\u00e9gaux <span class=\"ls5e ws5e\">et </span>r\u00e9glementaires<span class=\"_ _0\"></span>.(2) Ces prestations couvrent les services fournis \u00e0 la demande de V<span class=\"_ _1\"></span>antiva ou ses filiales (due diligence<span class=\"_ _0\"></span>, assistance juridique <span class=\"ls5e ws5e\">et </span>fiscale, <span class=\"ls5e ws5e\">et </span>attestations diverses).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f159646": {
   "value": "8\u201110 rue du Renard, 75004 Paris",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f159647": {
   "value": "8\u201110 rue du Renard, 75004 Paris",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f159650": {
   "value": "(France)",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f159651": {
   "value": "(France)",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "fr",
    "entity": "scheme:4N6SD705LP5XZKA2A097",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}