HERMÈS - 2020 Universal registration document
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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
28.3.4 ANALYSIS OF EXPENSES RECOGNISED IN THE INCOME STATEMENT
Other long-term benefits
Other long-term benefits
Post-employment plans
Post-employment plans
2020 18.0
2019 16.5
In millions of euros
Service cost Interest cost
16.0
2.0 0.2
15.0
1.5 0.3
1.0
1.2
2.7
3.0
Financial income on assets
(0.1)
-
(0.1) (2.0)
(0.6) 19.9
-
(0.6) 20.1
(Gains)/Losses related to past service costs 1 Net actuarial (gains)/losses recognised
0.8
(2.8)
0.2 1.9
-
0.4
0.4 0.2
-
1.9 0.2
Administrative expenses
0.2
-
0.2
-
EXPENSES ON POST-EMPLOYMENT AND SIMILAR BENEFIT OBLIGATIONS
17.8 41.1 In 2019, corresponds mainly to the impact of the vesting of rights in respect of certain plans following the entry into force of the French “Pacte” law and the Order of (1) 3 July 2019. (0.2) 17.6 37.2 3.9
Plan assets 28.4 The weighted average breakdown of plan assets by investment type is as follows:
31/12/2020
31/12/2019
Value
Breakdown
Value
Breakdown
In millions of euros
Shares
6.5
10% 70% 20%
6.3
10% 70% 20%
Obligations
45.3 12.9 64.7
44.1 12.6 63.0
Other TOTAL
100%
100%
Information by geographical area 28.5
31/12/2020
31/12/2019
Value
Breakdown
Value
Breakdown
In millions of euros
France
226.9
62% 22% 14%
215.4
61% 21% 15%
Europe (excl. France)
79.5 51.1
75.5 51.1
Japan
Asia-Pacific (excl. Japan)
9.2 1.4
3% 0%
8.5 0.7
2% 0%
Americas
Present value of obligations
368.1
100%
351.2
100%
France
15.5 48.6
24% 75%
15.9 46.6
25% 74%
Europe (excl. France) Asia-Pacific (excl. Japan) Fair value of plan assets
0.6
1%
0.5
1%
64.7
100%
63.0
100%
France
211.4
70% 10% 17%
199.5
69% 10% 18%
Europe (excl. France)
30.9 51.1
28.9 51.1
Japan
Asia-Pacific (excl. Japan)
8.6 1.4
3% 0%
8.0 0.7
3% 0%
Americas
Provisions for post-employment and similar benefit obligations
303.5
100%
288.2
100%
392 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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