5 2021 CONSOLIDATED FINANCIAL STATEMENTS * 5.1 COMPARED CONSOLIDATED INCOME STATEMENTS 285 5.2 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 286 5.3 COMPARED CONSOLIDATED BALANCE SHEETS 287 5.4 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 288 5.5 COMPARED CONSOLIDATED STATEMENTS OF CASH FLOWS 290 5.6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 291 5.7 CONSOLIDATED COMPANIES AT 31 DECEMBER 2021 340 5.7.1 Fully consolidated companies 340 5.7.2 Equity-accounted companies 342 5.8 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 343 * This information forms an intregral part of the Annual Financial Report as provided in Article L.451-1-2 of the French Monetary and Financial Code. L ’ ORÉAL I UNIVERS AL REGISTRATION DOCUMENT 2021 283

Universal Registration Document - Page 285 Universal Registration Document Page 284 Page 286