HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

FINANCIAL ASSETS

NOTE 15

Exchange rate impact

31/12/2017

Increases 1

Decreases

Other 2

31/12/2018

In millions of euros

Financial investments and accrued interest

267.3

80.0

(69.1)

0.8

22.8

301.8

Liquidity contract

10.6

(0.3)

-

-

10.3

Other non-consolidated investments

1.1 0.0

0.1 8.3

-

(0.0)

1.2

Other financial assets TOTAL GROSS VALUES

(0.0)

-

5.9

14.2

278.9

88.4

(69.4)

0.8

28.6

327.3

Impairments

8.0

-

-

-

5.4

13.5

TOTAL NET VALUES

270.9

88.4

(69.4)

0.8

23.3

313.9

(1) The increase in financial investments corresponds to investments that do not meet the criteria for cash equivalents, notably on account of their original maturity of more than three months. (2) Changes in the value of financial assets at fair value by equity in are recorded in «Revaluation adjustments» in equity (see Note 20.3), in compliance with the method described in Note 1.9.

Classification and measurement of fair value from these financial assets is presented in Note 23.4.

INVESTMENTS IN ASSOCIATES

NOTE 16

2018

2017

In millions of euros

Balance as at 1 January

72.5

87.3 (0.1)

Impact of changes in scope of consolidation

-

5

Net income from associates

19.6

5.3

Dividends paid

(17.6)

(18.1)

Exchange rate impact

0.7

(2.0)

Other

-

-

Balance at end of period

75.1

72.5

LOANS AND DEPOSITS

NOTE 17

Exchange rate impact

31/12/2017

Increases

Decreases

Other

31/12/2018

In millions of euros

Loans and deposits 1

61.8 14.2 47.6

8.3 5.8 2.4

(5.3) (0.9) (4.4)

0.7

0.1

65.6 18.9 46.7

Impairments

(0.2)

(0.0) (0.1)

TOTAL

0.9

(1) Security deposits amounted to €43.9 million as at 31 December 2018, compared with €39.1million as at 31 December 2017.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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