_458 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements Note 11. MATURITIES OF PAYABLES AND LONG- AND SHORT‑TERM DEBT (in € thousands) Total Due within one year Due in one to five years Due in more than five years Ordinary bonds and other borrowings (note 8.2) 4,930,951 315,373 1,550,000 3,065,578 Other financial liabilities 949,606 949,606 - - Accrued taxes and payroll costs 3,531 3,531 - - Other liabilities 888,110 888,110 - - TOTAL AT DECEMBER 31, 2023 6,772,198 2,156,620 1,550,000 3,065,578 Note 12. RELATED PARTIES 12.1 Related-party assets and liabilities (in € thousands) Note Related parties Third parties Total in the balance sheet (net book value) Shares in subsidiaries and affiliates 6 9,177,777 - 9,177,777 Loans and advances to subsidiaries and affiliates 6 221,241 - 221,241 Other loans 6 1,869,614 - 1,869,614 Other equity interests 6 12,807 12,807 Receivables 7 860,865 488,718 1,349,583 Other financial liabilities 11 949,606 - 949,606 Other liabilities 11 885,512 2,598 888,110 12.2 Related-party transactions All related-party transactions are on arm's length terms. Note 13. REVENUE Revenue consists entirely of royalties received from related companies, as follows: (in € thousands) 2023 2022 Companies in France 52,939 60,835 Companies outside France 1,737,914 950,127 TOTAL 1,790,853 1,010,962 The increase is due to the application of the new transfer pricing policy (note 2.1).
RkJQdWJsaXNoZXIy NzMxNTcx