HERMÈS - 2020 Universal registration document

6

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

FINANCIAL ASSETS

NOTE 9

31/12/2019

Increases

Decreases

Other

31/12/2020

Note

In millions of euros

Affiliates 1

1,349.3

52.9 27.5 27.1

-

- - - - - - - - -

1,402.2

Other financial assets Financial investments

250.6 215.7

(12.9) (10.1)

265.2 232.6

Treasury shares (including liquidity contract) 2

27.3

-

(1.1) (1.6)

26.2

Deposits and guarantees Other long-term investments

7.6 2.8

0.4

6.4 2.8

-

-

TOTAL GROSS VALUES

1,602.7 (693.9)

80.4

(12.9)

1,670.2 (769.6)

Impairment

14

(80.9)

5.3

TOTAL NET VALUES

908.8

(0.6)

(7.6)

900.6

Details of the portfolio of investment securities are presented in section 6.6. The main changes in the year are shown in the notes below: The increase mainly concerns the recapitalisation of certain subsidiaries. (1) As at 31 December 2020, Hermès International held 83,188 treasury shares (liquidity contract and unallocated shares intended for external growth operations). (2) These shares were valued on the basis of their acquisition price. The average price of treasury shares at 31 December 2020 was €314.52.

BREAKDOWN OF ASSETS BY MATURITY

NOTE 10

31/12/2020

31/12/2019

Between 1 and 5 years Gross amount

Net amount 241.6

< 1 year

Impairment

Net amount

Note

In millions of euros

Other financial assets

9

-

265.2

265.2

(23.6)

237.0 779.0

Current assets 1

1,376.8

36.4

1,413.2

(154.6)

1,258.6

Trade and other receivables Other operating receivables

45.4 72.8

0.9

46.3

- -

46.3

78.2

35.5

108.3

108.3

114.0 586.7

Other receivables 2

1,258.5

- - - -

1,258.5

(154.6)

1,104.0

Prepayments and accruals

4.8 3.3 1.4

4.8 3.3 1.4

- - -

4.8 3.3 1.4

4.3 3.1 1.1

Leases Other TOTAL

1,381.5

301.6

1,683.2

(178.2)

1,505.0

1,020.2

Current assets include a gross amount of €1,304 million in receivables due from related companies. (1) Other receivables mainly correspond to the financial current accounts of subsidiaries. (2)

MARKETABLE SECURITIES

NOTE 11

31/12/2020

31/12/2019

In millions of euros

Open-ended investment companies (SICAVs) and mutual funds

318.6

698.3

Negotiable debt securities

2,584.7

2,333.8

437.5

481.5

Treasury shares 1

TOTAL GROSS VALUES

3,340.8

3,513.6

Impairment

(0.4)

-

TOTAL NET VALUES 3,513.6 Treasury shares correspond to 883,605 Hermès International shares held under free share allocation plans for employees (compared with 1,275,597 shares at (1) 31 December 2019). These shares were valued on the basis of their acquisition price. The average price of treasury shares at 31 December 2020 was €495.16. During 2020, Hermès International acquired 168,780 shares for an amount of €123.2 million and granted 560,772 free shares to employees for an amount of €167.2 million. 3,340.5

SHARE CAPITAL

NOTE 12

As at 31 December 2020, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each, unchanged from 31 December 2019.

414 2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL