HERMÈS - 2020 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Fair value and hierarchy by level of fair value 25.4 of financial assets and liabilities The assets and liabilities recorded at fair value are classified according to the following three fair value levels: level 1: prices listed on an active market. If listed prices in an active s market are available, they are used as a priority in order to determine market value;

level 2: internal model with parameters observable using internal s valuation techniques. These techniques involve usual mathematical calculation methods that include observable market data (future prices, yield curve, etc. ). The calculation of most financial derivatives traded on markets is performed on the basis of models that are commonly used by participants in order to evaluate these financial instruments; level 3: internal model with non-observable parameters. s For financial years 2020 and 2019, there were no transfers between levels 1 and 2 for financial assets and liabilities recognised at fair value.

2020

Assets at fair value through profit or loss 1, 2

Financial assets at amortised cost

Financial assets at fair value through non-recyclable equity

Liabilities at amortised cost

Net carrying amount

Effective interest rate

Liabilities at fair value 2

Fair value

Evaluation level

Interest rate

Note

In millions of euros

Financial investments

15.0 180.0 3

143.7

- - - - -

- - - - -

338.9 338.9 14.0 14.0 14.9 14.9 367.7 367.7 55.9 55.9

2 1 2

- - -

- - -

Liquidity contract

14.0

- -

-

Other financial assets

2.1

12.8

Financial assets

17 31.1 180.0

156.5

Loans and deposits Trade receivables and other assets Foreign currency derivative assets Cash and cash equivalents Bank overdrafts Other borrowings Financial liabilities Trade payables and other liabilities Japan loan

19

-

55.9

-

2

-

-

21

-

530.2

-

-

-

530.2 530.2

25.2.3 121.4

-

-

-

-

121.4 121.4

2

5

22 1,522.0 3,210.7

- - - - -

- - - - -

-

4,732.7 4,732.7

1

-

- -

25 25 25 25

- - - -

- - - -

16.4 16.4 16.4

- - -

4

7.9 0.4

7.9 0.4

7.9 0.4

0.2% 0.2% 1.2% 1.2%

24.7 24.7 24.7

-

-

29

-

-

-

- (1,497.1) (1,497.1) (1,497.1)

-

-

-

Foreign currency derivative liabilities 25.2.3

- - Classification in the category “Assets at fair value through profit or loss” is imposed by the IFRS 9 standard according to the management model for these assets. (1) Before hedge accounting. (2) Comprised of EMTNs and term deposits not meeting the criteria of cash and cash equivalents. (3) Interest rates correspond to floating rates. (4) - - (29.3) - (29.3) (29.3) 2 -

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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