HERMÈS - 2019 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

01/01/2018

IFRS 16 impacts

01/01/2018 restated

In millions of euros

Equity attributable to owners of the parent

5,038.9

(34.3)

5,004.6

Non-controlling interests

6.6

(0.0)

6.6

Equity

5,045.5

(34.3) 846.4

5,011.2

Lease liabilities due in more than one year

-

846.4

Non-current provisions Other non-current liabilities

7.1

12.1

19.2

358.1 365.2

(16.8) 841.7 160.4 (50.0) 110.4 917.8

341.3

Non-current liabilities

1,206.9

Lease liabilities due in less than one year

-

160.4

Other current liabilities

1,357.5 1,357.5 6,768.2

1,307.5 1,467.9 7,686.1

Current liabilities

TOTAL EQUITY AND LIABILITIES

The impact of the new standard on the financial statements at 31 December 2018 is presented below:

Impact on the consolidated balance sheet

Accounts as reported as at 31 December 2018

Financial statements restated as at 31 December 2018

IFRS 16 impacts

In millions of euros

Intangible assets and property, plant and equipment

1,487.4

-

1,487.4

Right-of-use assets

-

982.9

982.9

Other non-current assets

998.0

8.0

1,006.1 3,476.4 4,975.5 8,451.9 5,469.8

Non-current assets

2,485.5 4,982.6 7,468.1 5,503.0

990.9

Current assets TOTAL ASSETS

(7.2)

983.8 (33.2)

Equity attributable to owners of the parent

Non-controlling interests

4.8

0.1

4.9

Equity

5,507.8

(33.1) 936.7

5,474.7

Lease liabilities due in more than one year

-

936.7

Provisions

5.7

10.7

16.4

Other non-current liabilities

373.0 378.8

(65.7) 881.7 179.3 (44.0) 135.3 983.8

307.3

Non-current liabilities

1,260.4

Lease liabilities due in less than one year

-

179.3

Other current liabilities

1,581.4 1,581.4 7,468.1

1,537.4 1,716.7 8,451.9

Current liabilities

TOTAL EQUITY AND LIABILITIES

Impact on the cash flow statement

Accounts as reported as at 31 December 2018

Financial statements restated as at 31 December 2018

IFRS 16 impacts

In millions of euros

CASH FLOWS RELATED TO OPERATING ACTIVITIES Net income attributable to owners of the parent

1,404.6

0.9

1,405.5

Depreciation of fixed assets

217.0

-

217.0 188.8

Amortisation of right-of-use assets

-

188.8

Impairment losses Change in provisions Deferred tax expense

43.0 68.8

27.3

70.3 30.3

(38.5)

(26.8) (23.8)

2.1 0.1

(24.7) (23.8)

Other cash flows from operating activities

Operating cash flows

1,682.7

180.7

1,863.4

Change in working capital requirements

76.7

-

76.7

Change in net cash related to operating activities CASH FLOWS RELATED TO INVESTING ACTIVITIES

1,759.4 (239.3) (958.3)

180.7

1,940.1 (239.3) (958.3) (180.7)

- -

Dividends paid

Repayment of lease liabilities

-

(180.7)

Other cash flows from financing activities

(61.3)

-

(61.3)

CASH FLOWS RELATED TO FINANCING ACTIVITIES

(1,019.6)

(180.7)

(1,200.4)

Foreign currency translation adjustment

52.8

- -

52.8

CHANGE IN NET CASH

553.4

553.4

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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