HERMÈS - 2020 Universal registration document

6

PARENT COMPANY FINANCIAL STATEMENTS INCOME STATEMENT FOR 2020

INCOME STATEMENT FOR 2020

6.1

2020

2019

Note

In millions of euros Operating income

2

405.0 317.7

403.1 315.0

Revenue

Other products

3.7

0.7

Reversals of provisions and expenses reclassified

83.6

87.4

Operating expenses

(370.7) (141.7)

(375.8) (142.4)

Other purchases and external expenses

Tax and duties

(19.4)

(14.2)

Compensation and other personnel costs Depreciation, amortisation and provisions

3 4

(108.1)

(100.8) (116.2)

(98.0)

Other expenses

(3.5) 34.3

(2.3) 27.3

OPERATING INCOME

Income from subsidiaries and affiliates 1 Net additions/(reversals) of provisions

1,328.3

1,740.6

(77.9)

(61.1)

Other elements

5

(3.0)

7.8

NET FINANCIAL INCOME

1,247.4 1,281.7

1,687.2 1,714.5

CURRENT INCOME

EXTRAORDINARY INCOME

6

43.5

(49.5)

NET INCOME BEFORE TAX AND EMPLOYEE PROFIT-SHARING

1,325.2

1,665.0

Employee profit-sharing

(4.3) 22.3

(4.8) (7.1)

Income tax

7

NET INCOME 1,653.1 N.B.: the values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy in the totals. (1) Detail in the table of subsidiaries and affiliates in section 6.6. 1,343.2

406 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL