HERMÈS - 2020 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

ACCOUNTS PAYABLE AND OTHER LIABILITIES

NOTE 29

Other current and non-current liabilities mainly consist of tax and social liabilities. The breakdown is as follows:

31/12/2020

31/12/2019

In millions of euros Accounts payable

372.5

405.5

Amounts payable to fixed asset suppliers

75.6

74.8

Trade and other payables

448.2 217.8 794.9

480.4 360.1 800.2

Tax liabilities

Other current liabilities Other non-current liabilities

36.2

32.5

ACCOUNTS PAYABLE AND OTHER LIABILITIES

1,497.1

1,673.1

OFF-BALANCE SHEET COMMITMENTS, CONTINGENT ASSETS AND LIABILITIES

NOTE 30 Financial commitments 30.1 Financial commitments were discounted using a rate of 8.10% in 2020 (8.45% in 2019).

< 1 year

1 to 5 years

> 5 years

31/12/2020

31/12/2019

In millions of euros

Bank guarantees given Bank guarantees received

3.3 9.9

7.0 2.9

3.0 0.0

13.2 12.7 25.2

17.5 10.2 24.7

Commitments to purchase financial assets

-

14.5 43.3

10.7 20.9

Other commitments

57.2

121.4

123.4

Other off-balance sheet commitments 30.2 The Group has no knowledge of any commitments other than those mentioned herein and that are not reflected in the financial statements for the year ended 31 December 2020. To date, there is no exceptional event or dispute that would be liable to have a likely and material impact on the Group’s financial position. Furthermore, in the normal course of its business operations, the Group is involved in legal actions and is subject to controls. A provision is recorded when a risk is identified and when its cost can be estimated.

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2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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