2023 UNIVERSAL REGISTRATION DOCUMENT

Payables at 31 December 2023

,non-inclus	Gross	Of which
(in € millions)	non-inclus	Within 1 year	Between 1 and 5 years	After 5 years
Bonds	7,822	64	2 574	5,185
Amounts owed to financial institutions		33	-	-
Borrowings and financial debt		460	-	-
Cash management current accounts of related companies	5,563	5 563	-	-
Financial debt	13,878	6 119	2 574	5,185
Trade payables and related accounts	71	71	-	-
Tax, employment and social benefit liabilities	30	30	-	-
Liabilities related to non current assets and related accounts	2	2	-	-
Other payables	410	170	240	-
Deferred income	98	98	-	-
Other payables	612	372	240	-
Total	14,490	6,491	2,814	5,185

7.2 Accrued income and expense, by balance sheet item

Acrued expenses

(in € millions)	31/12/2023	31/12/2022
Accrued interest on bonds	Accrued interest on bonds 31/12/2023 64	Accrued interest on bonds 31/12/2022 68
Trade payables and related accounts	Trade payables and related accounts 31/12/2023 64	Trade payables and related accounts 31/12/2022 35
Other tax, employment and social benefit liabilities	Other tax, employment and social benefit liabilities 31/12/2023 22	Other tax, employment and social benefit liabilities 31/12/2022 20
Liabilities related to non-current assets and related accounts	Liabilities related to non-current assets and related accounts 31/12/2023 0	Liabilities related to non-current assets and related accounts 31/12/2022 1
Other payables	Other payables 31/12/2023 3	Other payables 31/12/2022 2

Acrued income

(in € millions)	31/12/2023	31/12/2022
Financial assets	Financial assets31/12/2023	Financial assets31/12/2022
Receivables connected with investments in subsidiaries and affiliates	Receivables connected with investments in subsidiaries and affiliates 31/12/2023 23	Receivables connected with investments in subsidiaries and affiliates 31/12/2022 23
Receivables	Receivables31/12/2023	Receivables31/12/2022
Trade receivables and related accounts	Trade receivables and related accounts 31/12/2023 471	Trade receivables and related accounts 31/12/2022 456
Other	Other 31/12/2023 9	Other 31/12/2022 5
Cash	Cash 31/12/2023 49	Cash 31/12/2022 29

7.3 Deferred expenses

(in € millions)	31/12/2022	Augmentations	Amortissement	31/12/2023
Debt issuance costs	18	1	(5)	14
Redemption premium	35	5	(5)	34
Deferred expenses	53	5	(10)	48

The €5 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”, page 389).

C. Notes to the income statement

8. Net financial income/(expense)

(in € millions)	2023	2022
Income from subsidiaries and affiliates	Income from subsidiaries and affiliates 2023 2,098	Income from subsidiaries and affiliates 2022 2,768
Net interest income/(expense)	Net interest income/(expense) 2023 168	Net interest income/(expense) 2022 (127)
Foreign exchange gains and losses	Foreign exchange gains and losses 2023 31	Foreign exchange gains and losses 2022 80
Provisions and other	Provisions and other 2023 (9)	Provisions and other 2022 29
Net financial income/(expense)	Net financial income/(expense) 20232,288	Net financial income/(expense) 20222,750

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.

2023 UNIVERSAL REGISTRATION DOCUMENT

D. Other information and post-balance sheet events

7.2 Accrued income and expense, by balance sheet item

7.3 Deferred expenses

C. Notes to the income statement

8. Net financial income/(expense)