5 _455 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements 4.8 Income tax Income tax in the income statement includes current taxes due by the tax group, tax credits and the fiscal integration gains. 4.9 Other financial liabilities Other financial liabilities are stated at their nominal value. Debt issuance costs are recorded in deferred charges. Note 5. INTANGIBLE ASSETS (in € thousands) December 31, 2022 Additions/ increases Disposals/ decreases December 31, 2023 Brands, patents and other rights 427,758 (379) 427,379 Total cost 427,758 (379) 427,379 Brands, patents and other rights (263,396) (44,846) 379 (307,863) AMORTIZATION (263,396) (44,846) 379 (307,863) TOTAL 164,362 (44,846) - 119,516 In the income statement, the total depreciation and amortization expense of €46,070 thousand mainly corresponds to amortization of brands, patents and other rights. Note 6. INVESTMENTS (in € thousands) December 31, 2022 Additions/ increases Disposals/ decreases December 31, 2023 Shares in subsidiaries and affiliates (note 20) 9,268,720 2,492,047 (2,473,321) 9,287,446 Loans and advances to subsidiaries and affiliates (note 7) 250,066 12,787 (41,612) 221,241 Other loans (note 7) 3,144,931 4,491 (1,279,808) 1,869,615 Other equity interests 10,107 3,402 (91) 13,417 Total cost 12,673,824 2,512,727 (3,794,832) 11,391,719 Shares in subsidiaries and affiliates(1) (note 20) (29,566) (80,101) (109,667) Other loans (note 7) - - - Impairment (29,566) (80,101) (109,667) TOTAL 12,644,258 2,432,626 (3,794,832) 11,282,052 (1) Compared to the amount reported in the income statement under “Amortization and provision expense”, this line also includes amortization of issue premiums amounting to €2 million. See notes 2.2, 2.4 and 2.6 – Significant events of the year.
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