HERMÈS - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

2018

Assets at fair value through profit or loss 1 2

Financial assets at amortised cost

Liabilities at amortised cost

Non-recyclable financial assets at fair value through equity

Net carrying amount

Effective interest rate

Liabilities at fair value 2

Fair value

Evaluation level

Interest rate

Notes

In millions of euros

Financial investments

-

150.0

143.7

- - -

- - -

293.7 293.7 10.3 10.3

2 1 2

- - -

- - -

Liquidity contract

10.3

- -

- -

Other financial assets Other non-consolidated investments Financial assets Loans and deposits Trade and other receivables Foreign currency derivative assets Cash and cash equivalents Bank overdrafts Other borrowings Financial liability Trade payables and other liabilities Loan Brazil

8.8

8.8

8.8

-

-

1.2

- - -

- - -

1.2

1.2

2

- - -

- - -

17 19.1 150.0

144.9

313.9 313.9 46.7 46.7

- -

19

-

46.7

-

21

-

527.1

-

-

-

527.1 527.1

2

-

-

25.2.3 34.9

-

-

-

-

34.9 34.9

2

-

-

22 1,181.2 2,297.9

- - - - -

- - - - -

- 3,479.1 3,479.1

1

-

- -

25 25 25 25

- - - -

- - - -

(14.3)

(14.3)

(14.3)

- - -

3

(8.0) (1.3)

(8.0) (1.3)

(8.0) (1.3)

8.0% 8.0% 2.0% 2.0%

(23.6)

(23.6)

(23.6)

-

-

29

-

-

-

- (1,470.6) (1,470.6) (1,470.6)

-

-

-

Foreign currency derivative liabilities 25.2.3

- - Classification in the category Assets at fair value through profit or loss is imposed in accordance to IFRS 9 depending on the business model for these assets. (1) Before hedge accounting. (2) Interest rates correspond to floating rates. (3) - - (57.8) - (57.8) (57.8) 2 -

5

PROVISIONS

NOTE 26

31/12/2018

Exchange rate impact

Other and reclassifications 2 31/12/2019

Reversals 1

restated Depreciations

In millions of euros Current provisions

96.3 16.4

39.4

(38.1)

1.2 0.4 1.6

2.5

101.4

Non-current provisions

0.6

(6.1)

17.7 20.2

29.0

TOTAL

112.8

40.0

(44.1)

130.4

Of which €20 million reversed and used. (1) Corresponds essentially to provisions for restoration costs, established or revised during the financial year in return for the right-of-use asset, which is amortised over (2) the lifespan of the leases (see 1.1.1.1).

Current provisions concern provisions for risks, disputes and litigation, as well as provisions to cover the share of the negative position of equity-accounted associates (see Note 18). Non-current provisions mainly include provisions for restoration.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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