HERMÈS - 2020 Universal registration document

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

2019

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

10.0 180.0 3

143.7

- - -

- - -

333.9 333.9 12.0 12.0

2 1 2

- - -

- - -

Liquidity contract

12.0

- -

- -

Other financial assets Other non-consolidated investments Financial assets 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 Brazil loan

1.4

1.4

1.4

-

-

10.2

- - -

- - -

10.2 10.2 357.4 357.4 58.1 58.1

2

- - -

- - -

17 23.4 180.0

153.9

-

19

-

58.1

-

2

21

-

547.8

-

-

-

547.8 547.8

-

-

-

25.2.3 36.5

-

-

-

-

36.5 36.5

2

-

-

22 1,608.2 2,776.0

- - - - -

- - - - -

-

4,384.2 4,384.2

1

-

- -

25 25 25 25

- - - -

- - - -

(12.6)

(12.6)

(12.6)

- - -

4

(7.8) (1.0)

(7.8) (1.0)

(7.8) (1.0)

7.1% 7.1% 1.6% 1.6%

(21.5)

(21.5)

(21.5)

-

-

29

-

-

-

- (1,673.1) (1,673.1) (1,673.1)

-

-

-

Foreign currency derivative liabilities 25.2.3

- - Classification in the category “Assets at fair value through profit or loss” is imposed in accordance with IFRS 9 depending on the business 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) - - (47.1) - (47.1) (47.1) 2 -

PROVISIONS

NOTE 26

Exchange rate impact

Other and reclassifications 2

Reversals 1

31/12/2019

Allocations

31/12/2020

In millions of euros Current provisions

101.4

48.9

(56.8)

(1.2) (1.4) (2.6)

7.5 1.5 9.0

99.9 21.7

Non-current provisions

29.0

0.7

(8.1)

TOTAL

130.4

49.6

(64.8)

121.6

Of which €31.8 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 term of the leases (see 1.8).

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.

388 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL