2022 Universal Registration Document

Payables at 31 December 2022

	Gross	Of which
(in € millions)		Within 1 year	Between 1 and 5 years	After 5 years
Bonds	6,917	116	1,201	5,599
Amounts owed to financial institutions	28	28
Borrowings and financial debt	1,932	1,932
Cash management current accounts of related companies	4,495	4,495
Financial debt	13,372	6,572	1,201	5,599
Trade payables and related accounts	43	43
Tax, employment and social benefit liabilities	65	65
Liabilities related to non-current assets and related accounts	2	2
Other payables	325	145	180
Deferred income	113	113
Other payables	548	368	180	–
Total	13,920	6,940	1,381	5,599

7.2 Accrued income and expense, by balance sheet item

Accrued expenses

(in € millions)	31/12/2022	31/12/2021
Accrued interest on bonds	Accrued interest on bonds 31/12/2022 68	Accrued interest on bonds 31/12/2021 57
Trade payables and related accounts	Trade payables and related accounts 31/12/2022 35	Trade payables and related accounts 31/12/2021 38
Other tax, employment and social benefit liabilities	Other tax, employment and social benefit liabilities 31/12/2022 20	Other tax, employment and social benefit liabilities 31/12/2021 19
Liabilities related to non-current assets and related accounts	Liabilities related to non-current assets and related accounts 31/12/2022 1	Liabilities related to non-current assets and related accounts 31/12/2021
Other payables	Other payables 31/12/2022 2	Other payables 31/12/2021 1

Accrued income

(in € millions)	31/12/2022	31/12/2021
Financial assets	Financial assets 31/12/2022	Financial assets 31/12/2021
Receivables connected with investments in subsidiaries and affiliates	Receivables connected with investments in subsidiaries and affiliates 31/12/2022 23	Receivables connected with investments in subsidiaries and affiliates 31/12/2021 6
Receivables	Receivables 31/12/2022	Receivables 31/12/2021
Trade receivables and related accounts	Trade receivables and related accounts 31/12/2022 456	Trade receivables and related accounts 31/12/2021 443
Other	Other 31/12/2022 5	Other 31/12/2021 4
Cash	Cash 31/12/2022 29	Cash 31/12/2021 37

7.3 Deferred expenses

(in € millions)	31/12/2021	Increases	Amortisation	31/12/2022
Debt issuance costs	Debt issuance costs 31/12/2021 19	Debt issuance costs Increases 4	Debt issuance costs Amortisation (5)	Debt issuance costs 31/12/202218
Redemption premium	Redemption premium 31/12/2021 24	Redemption premium Increases 14	Redemption premium Amortisation (3)	Redemption premium 31/12/202235
Deferred expenses	Deferred expenses 31/12/2021 43	Deferred expenses Increases 18	Deferred expenses Amortisation (9)	Deferred expenses 31/12/2022 53

The €18 million increase in deferred expenses was due to issuance costs and redemption premiums in respect of new financing arranged during the year (see section A, “Key events in the period”).

C. Notes to the income statement

8. Net financial income/(expense)

(in € millions)	2022	2021
Income from subsidiaries and affiliates	Income from subsidiaries and affiliates 2022 2,768	Income from subsidiaries and affiliates 2021 2,621
Net interest income/(expense)	Net interest income/(expense) 2022 (127)	Net interest income/(expense) 2021 (23)
Foreign exchange gains and losses	Foreign exchange gains and losses 2022 80	Foreign exchange gains and losses 2021 (154)
Provisions and other	Provisions and other 2022 29	Provisions and other 2021 (6)
Net financial income/(expense)	Net financial income/(expense) 2022 2,750	Net financial income/(expense) 2021 2,439

Income from investments in subsidiaries and affiliates corresponds to the dividends received from subsidiaries.

The line item “Provisions and other” mainly relates to transactions in treasury shares.