HERMÈS - 2020 Universal registration document

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

Analysis of currency agreements 18.2 Hedging operations are performed over-the-counter, exclusively with leading banks. The Company therefore does not incur any significant counterparty risk.

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of contracts as at 31/12/2020 1

Nominal amounts of derivatives

In millions of euros

Options purchased US dollar puts US dollar collars Hong Kong dollar puts Hong Kong dollar collars Chinese yuan puts Chinese yuan collars Japanese yen puts Japanese yen collars Singapore dollar puts Singapore dollar collars

69.3

69.3

5.5

146.5

146.5

14.2

50.9

50.9

3.9

111.1

111.1

10.0

93.6

93.6

3.2 8.0 2.2 8.2 2.3 6.2

226.5

226.5

48.8

48.8

155.6

155.6

67.4

67.4

145.3

145.3

1,115.0

1,115.0

63.8

Forward currency agreements 2 Chinese yuan

(308.5) (206.0) (200.0) (195.3) (157.7)

(308.5) (206.0) (203.3) (192.1) (161.5)

1.6

Singapore dollar

(4.3)

US dollar

(13.5)

Japanese yen

(8.0)

Hong Kong dollar

(10.0)

Other

23.6

23.6

0.4

(1,043.9)

(1,047.8)

(33.8)

Currency swaps 2 Australian dollar Hong Kong dollar Singapore dollar

45.6 43.8

46.6 32.7

0.9 0.3 0.1

(36.9) (18.3)

(37.3) (22.3)

US dollar

(0.1) (0.0)

Chinese yuan Japanese yen

14.0

15.1 (7.8) 59.1 86.2

0.2

0.0

6

Other

69.9

(0.0) (0.7) 29.4

118.3 189.4

TOTAL

153.3

Gain/(Loss). (1) (Purchase)/Sale. (2)

2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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