HERMÈS - 2019 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME

5.1

2018 restated 1

2019

Notes

In millions of euros

Revenue

4 5

6,883.4 (2,124.9) 4,758.5 (1,815.7) (604.0) 2,338.9

5,966.1 (1,791.8) 4,174.3 (1,562.3) (536.7) 2,075.3

Cost of sales Gross margin

Selling, marketing and administrative expenses

6 7 4 8

Other income and expenses Recurring operating income

Other non-recurring income and expenses

-

52.7

Operating income Net financial income Net income before tax

2,338.9

2,128.0

9

(68.6)

(61.8)

2,270.3 (751.0)

2,066.2 (672.2)

Income tax

10 18

Net income from associates CONSOLIDATED NET INCOME

15.9

16.6

1,535.3

1,410.6

Net income attributable to non-controlling interests

24

(7.0)

(5.1)

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

1,528.2

1,405.5

Earnings per share in euros

11 11

14.66 14.55

13.48

Diluted earnings per share in euros 13.40 Including the impact of IFRS 16 on leases. In accordance with IAS 8, Hermès has applied the new standard on a full retrospective basis, and has restated the financial (1) statements for the period ended 31 December 2018.

N.B. The values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy in the totals or changes.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

5.2

2018 restated 1

2019

Notes

In millions of euros

Consolidated net income

1,535.3

1,410.6

Changes in foreign currency adjustments 2 Future cash flow hedges in foreign currencies 2 3

23.4 23.4

50.1

74.8

2.8

(76.8) (37.6) (39.3)

change in fair value s

(32.9)

recycling through profit or loss s

35.7

23.4 23.4

-

27.6

Assets at fair value 3

Employee benefit obligations: change in value linked to actuarial gains and losses 3

(36.0)

5.5

Net comprehensive income

1,552.2 1,544.4

1,441.7 1,436.3

attributable to owners of the parent s attributable to non-controlling interests s

7.7 5.5 Including the impact of IFRS 16 on leases. In accordance with IAS 8, Hermès has applied the new standard on a full retrospective basis, and has restated the (1) financial statements for the period ended 31 December 2018. Transferable through profit or loss. (2) Net of taxes. (3)

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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