HERMÈS - 2020 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

SENIOR EXECUTIVE COMPENSATION

NOTE 32

A breakdown of total compensation paid to members of the Executive Committee and the Supervisory Board, in respect of their functions within the Group, is as follows:

2020 20.6

2019 18.1

In millions of euros

Short-term benefits

Post-employment benefits Other long-term benefits Share-based payments

3.0 0.2 3.7

2.9 0.2 4.3

TOTAL

27.4

25.4

Short-term benefits include compensation and bonuses paid to Executive Committee members during the financial year, as well as directors’ fees paid to members of the Supervisory Board. Share-based payments correspond to the amounts expensed in the year.

SHARE-BASED PAYMENTS

NOTE 33

The expense recognised in 2020 in respect of free share allocation plans totalled €117.8 million, compared with €114.1 million at end-2019. The shares outstanding changed as follows during the financial year:

2020

2019

In shares

Outstanding as at 1 January

1,255,800

820,540

of which exercisable s

- -

-

Issued

500,544 (39,000)

Exercised Cancelled Forfeited

(560,772)

5

-

-

(23,660) 671,368

(26,284)

Outstanding as at 31 December

1,255,800

of which exercisable s

-

-

Information on the free share allocation plans is provided in section 3.7.4 of this document (Table 10).

INFORMATION ON FEES

NOTE 34

During the 2020 financial year, the fees paid to the Statutory Auditors and to members of their networks were as follows:

Didier Kling & Associés, member of the Grant Thornton network

PricewaterhouseCoopers 1

2019 Breakdown

2020 Breakdown

2019 Breakdown

2020 Breakdown

Certification of financial statements o/w Hermès International (parent company) s

0.3 1.5 1.8

12% 66%

0.3 1.5

12% 64%

0.2 0.8

19% 81%

0.2 0.6

22% 78%

o/w fully consolidated subsidiaries s

Sub-total

78% 1.7

75% 1.0

99% 0.8 100%

Services other than certification of financial statements 2 o/w Hermès International (parent company) s

0.2 0.3 0.5

7%

0.3 0.3

12% 13%

-

-

-

-

o/w fully consolidated subsidiaries s

15%

0.0

1% 1%

0.0

0%

Sub-total

22% 0.6

25% 0.0

-

-

TOTAL

2.3 100%

2.3 100%

1.0 100%

0.8 100%

Of which €0.7 million for certification of the financial statements and €0.2 million for services other than certification of financial statements by (1) PricewaterhouseCoopers Audit, Statutory Auditors of the Company and its French subsidiaries. Services other than certification of financial statements essentially concern the work of an independent third party on labour, societal and environmental information, and internal control reviews. Services other than certification of the financial statements mainly include technical consultations for our foreign subsidiaries relating to compliance with local and (2) international tax regulations, as well as various certifications and reviews of compliance and internal control.

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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