HERMÈS - 2020 Universal registration document

6

PARENT COMPANY FINANCIAL STATEMENTS CHANGE IN EQUITY IN 2020

CHANGE IN EQUITY IN 2020

6.3

Legal reserve, other reserves, and retained earnings

Share, merger or contribution premiums

Net income for the financial year

Number of shares outstanding

Share capital

Regulated provisions

Equity

In millions of euros

Note

12

12

Balance as at 31 December 2018 before allocation of net income Allocation of net income 2018 Dividends paid in respect of the financial year Net income for financial year 2019 Balance as at 31 December 2019 before allocation of net income Allocation of net income 2019 Dividends paid in respect of the financial year Net income for financial year 2020 Other changes

105,569,412

53.8

49.6

2,178.5 1,238.5

1,238.5 (1,238.5)

0.4

3,520.7

-

-

-

-

-

- - -

- - -

- - -

(482.6)

-

- -

(482.6) 1,653.1

- -

1,653.1

-

0.1

0.1

105,569,412

53.8

49.6

2,934.3 1,653.1

1,653.1 (1,653.1)

0.5

4,691.3

-

-

-

-

-

- - -

- - -

- - -

(485.1)

-

- -

(485.1) 1,343.2

- -

1,343.2

Other changes

-

(0.2)

(0.2)

Balance as at 31 December 2020 before allocation of net income

105,569,412 5,549.2 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. 53.8 49.6 4,102.2 1,343.2 0.3

STATEMENT OF CASH FLOWS FOR 2020

6.4

2020

2019

Note

In millions of euros

Net income

1,343.2

1,653.1

Depreciation and amortisation

16.3

11.3

Change in provisions and impairment Capital gains/(losses) on disposals

(19.1) 166.0

149.0

29.3

Operating cash flows

1,506.4 (554.9)

1,842.7 (118.4)

Change in trade and other receivables Change in trade and other payables Change in working capital requirements NET CASH FLOWS FROM OPERATING Acquisitions of operating assets Acquisitions of investment securities Acquisitions of other financial assets Proceeds from disposal of operating assets Proceeds from disposal of investment securities Proceeds from disposal of other financial assets

(96.7)

48.6

(651.6)

(69.8)

854.8 (29.9) (52.9) (27.1)

1,772.8

8 9 9

(21.1)

(101.7)

(85.7)

- -

-

11.9 35.0

9

10.0

Change in receivables and payables related to fixed assets

-

0.0

NET CASH FLOWS FROM INVESTING

(99.9)

(161.6) (482.6)

Dividends paid

(485.1) (120.9) (606.0)

Treasury share buybacks net of disposals NET CASH FLOWS FROM FINANCING CHANGE IN NET CASH POSITION Net cash at the beginning of the period Net cash at the end of the period CHANGE IN NET CASH POSITION

(51.5)

(534.1) 1,077.2 2,388.6 3,465.8

149.1

16 16

3,465.8 3,614.9

149.1 1,077.2 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.

408 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL