HERMÈS - 2020 Universal registration document

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

INTANGIBLE ASSETS

NOTE 13

Exchange rate impact

31/12/2019 Increases 1

Decreases

Other 31/12/2020

In millions of euros

Concessions, patents, licences and software

356.2 136.3

73.6

(0.1) (0.3) (0.0) (0.4)

(0.8) (5.6) (0.0) (6.4) (0.6) (4.8) (0.3) (5.8) (0.6)

22.3 (1.9)

451.2 134.1

Other intangible assets

5.6

Fixed assets under construction

32.8

29.4

(25.3)

36.8

TOTAL GROSS VALUES

525.3

108.5

(4.9)

622.1

Amortisation of concessions, patents, licences and software

217.5 103.4

59.8

(0.1) (0.3)

(0.3) (2.2)

276.2 101.8

Amortisation of other intangible assets

5.8 2.1

Impairment losses

20.3

-

0.7

22.9

TOTAL AMORTISATION AND IMPAIRMENT

341.2 184.1

67.6 40.9

(0.4) (0.0)

(1.8) (3.1)

400.8 221.3

TOTAL NET VALUES

Investments mainly concern the acquisition, implementation and/or development of software and ERP. (1)

In 2019, changes in intangible assets were as follows:

Exchange rate impact

31/12/2018 Increases 1

Decreases

Other 31/12/2019

In millions of euros

Concessions, patents, licences and software

279.4 141.2

60.4

(0.4)

0.8 3.1

16.1 (1.1)

356.2 136.3

Other intangible assets

6.0

(12.9)

Fixed assets under construction

22.0

28.3 94.7

-

-

(17.5)

32.8

TOTAL GROSS VALUES

442.6

(13.3)

3.9

(2.6)

525.3

Amortisation of concessions, patents, licences and software

175.6 110.9

40.8

(0.4)

0.6 2.8 0.1 3.5 0.4

0.8

217.5 103.4

Amortisation of other intangible assets

5.6 6.6

(12.5)

(3.4)

Impairment losses

14.0

(0.4)

0.0

20.3

TOTAL AMORTISATION AND IMPAIRMENT

300.5 142.1

53.0 41.7

(13.3)

(2.6)

341.1 184.2

TOTAL NET VALUES

(0.0)

0.0

Investments mainly concern the acquisition, implementation and/or development of software and ERP. (1)

LEASES NOTE 14 Right-of-use assets 14.1 The breakdown of right-of-use assets by nature of the underlying asset is as follows:

Amortisation and impairment

Gross

31/12/2020 Net

31/12/2019 Net

In millions of euros

Stores

1,914.8

(684.1) (145.5) (829.7)

1,230.7

791.7 162.6 954.3

Offices and other

361.0

215.4

TOTAL

2,275.8

1,446.1

374 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL