HERMÈS - 2020 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

25.2.3 BREAKDOWN OF FOREIGN EXCHANGE CONTRACTS

Market value of the contracts as at 31 December 2020 1 Future cash flow hedge Fair value hedge Unallocated

Nominal amounts of derivatives

Nominal amounts of derivatives used to hedge foreign exchange risk

Total

In millions of euros

Options purchased Chinese yuan puts Chinese yuan collars

93.6

93.6

3.2 8.0 5.5 2.3 6.2 2.2 8.2 3.9

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - -

3.2 8.0 5.5 2.3 6.2 2.2 8.2 3.9

226.5

226.5

US dollar puts US dollar collars

69.3

69.3

146.5

146.5

14.2

14.2

Singapore dollar puts Singapore dollar collars Japanese yen puts Japanese yen collars Hong Kong dollar puts Hong Kong dollar collars

67.4

67.4

145.3

145.3

48.8

48.8

155.6

155.6

50.9

50.9

111.1

111.1

10.0 63.8

10.0 63.8

1,115.0

1,115.0

Forward currency agreements 2 US dollar

206.1

211.0

15.0 (1.8) (0.4) (0.3)

0.6

0.6

16.2 (1.9) (0.4) (0.3) 10.0

Euro 3

58.2

58.2

(0.0)

Chinese yuan

394.8

394.8

-

Singapore dollar Hong Kong dollar Pound sterling

49.9

49.9

0.0 0.1

101.1 130.2 114.8

104.9 129.1 118.0

9.9 1.0 5.6 0.4 0.6

-

1.0 5.6 0.4 0.6

Japanese yen

0.0

Swiss franc

35.8 54.8 52.5 39.8

35.8 54.8 52.5 39.8

(0.0)

Canadian dollar Australian dollar

- - -

5

(4.7) (0.4)

(4.7) (0.4)

Thai baht

Other currencies

100.4

100.4

1.9

0.1 0.7

2.0

1,338.4

1,349.2

26.8

0.6

28.1

Currency swaps 2 US dollar

47.2

35.0

0.4

0.0 0.0

0.4 0.0 0.1 0.4 0.1

Chinese yuan

228.2 (16.7)

229.3 (17.1)

(0.0)

Singapore dollar Hong Kong dollar Japanese yen Australian dollar

0.1 0.3 0.1

(0.0)

63.0 28.3 36.8 40.6 72.0

51.8 20.3 37.7 37.2 64.6

0.1 0.0 0.0

(0.8)

(0.8)

Swiss franc

0.1

(0.0) (0.1)

0.1

Other

(0.1)

(0.1)

499.4

458.9

0.1

0.1 0.8

0.1

TOTAL

2,952.8

2,923.0

90.6

0.6

92.1

Gain/(Loss). (1) Sale/(Purchase). (2) Euro foreign exchange risk for subsidiaries having a different functional currency. Exceptionally, this may also include internal transactions in euros, excluding sales of (3) goods with subsidiaries that have a different functional currency.

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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