HERMÈS - 2019 Universal Registration Document

6

PARENT COMPANY FINANCIAL STATEMENTS CHANGES IN EQUITY IN 2019

CHANGES IN EQUITY IN 2019

6.3

Legal reserve, other reserves, and retained earnings

Share, merger or contribution premiums

Number of shares outstanding

Net income for the financial year

Regulated provisions

Share capital

Equity

In millions of euros

Notes

12

12

Balance as at 31 December 2017 before allocation of net income

105,569,412

53.8

49.6

2,354.1

778.3

0.4

3,236.2

Allocation of net income 2017

- - -

- - -

- - -

778.3

(778.3)

- - -

-

Dividends paid in respect of the financial year

(954.0)

-

(954.0) 1,238.5

Net income for financial year 2018

-

1,238.5

Balance as at 31 December 2018 before allocation of net income

105,569,412

53.8

49.6

2,178.5 1,238.5 (482.6)

1,238.5 (1,238.5)

0.4

3,520.7

Allocation of net income 2018

- - - -

- - - -

- - - -

- - -

-

Dividends paid in respect of the financial year

-

(482.6) 1,653.1

Net income for financial year 2019

- -

1,653.1

Other changes

-

0.1

0.1

Balance as at 31 December 2019 before allocation of net income

105,569,412 4,691.3 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. 53.8 49.6 2,934.3 1,653.1 0.5

STATEMENT OF CASH FLOWS FOR 2019

6.4

2019

2018

Note

In millions of euros

Net income/(loss)

1653.1

1238.5

Depreciation and amortisation

11.3

7.7

Change in provisions and impairment Capital gains/(losses) on disposals

149.0

103.9

29.3

48.5

Operating cash flows

1,842.7 (118.4)

1,398.5

Change in trade and other receivables Change in trade and other payables Change in working capital requirements NET CASH FLOWS FROM OPERATING Acquisitions of operating assets Acquisitions of investment securities Acquisitions of other financial assets Proceeds from disposal of operating assets Proceeds from disposal of investment securities Proceeds from disposal of other financial assets

26.8

48.6

110.7 137.5

(69.8)

1,772.8

1,536.1

8 9 9

(21.1)

(17.5)

(101.7)

(156.0)

(85.7)

(80.1)

-

0.2 0.6

11.9 35.0

-

Change in receivables and payables related to fixed assets

0.0

(0.0)

NET CASH FLOWS FROM INVESTING

(161.6) (482.6)

(252.8) (954.0)

Dividends paid

Treasury share buybacks net of disposals NET CASH FLOWS FROM FINANCING CHANGE IN NET CASH POSITION Net cash at the beginning of the period Net cash at the end of the period CHANGE IN NET CASH POSITION

(51.5)

(59.3)

(534.1) 1,077.2 2,388.6 3,465.8 1,077.2

(1,013.3)

269.9

16 16

2,118.7 2,388.6

269.9 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.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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