HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

CASH AND CASH EQUIVALENTS

NOTE 20

20.1 Change in net cash position

Exchange rate impact

Impact on scope of consolidation

31/12/2017

Cash flows

Others 1

31/12/2018

In millions of euros

Cash and cash equivalents Marketable securities 2

1,005.9 1,926.5 2,932.4

25.9

19.1 10.7 29.8 (0.0) 29.8

0.0

(0.2)

1,050.7 2428.7 3479.4

491.5 517.4

-

-

Sub-total

0.0

(0.2)

Bank overdrafts and current accounts in debit

(20.7)

6.4

-

-

(14.3)

NET CASH POSITION

2,911.7

523.9

0.0

(0.2)

3,465.1

(1) Corresponds with the mark-to-market on cash and cash equivalents. (2) Primarily invested in money market UCITS, term accounts, term deposits and other, and cash equivalents maturing in less than three months.

All cash and cash equivalents have a maturity of less than three months and a sensitivity of less than 0.5%. Cash and cash equivalents are available for the Group’s needs without any particular restrictions.

The gains and losses generated through disposal of marketable secu- rities during the financial year and recorded through profit or loss were equal to -€0.3million in 2018 (versus - €0.2 million in 2017). No unrea- lised gain or loss existed as at 31 December 2018.

20.2 Change in working capital requirements

Working capital requirements changed as follows:

31/12/2018

31/12/2017

In millions of euros

Inventories and work-in-progress Trade and other receivables

(66.3) (12.3)

(26.7)

16.2 19.5 16.5 25.4

5

Trade and other payables

(0.6)

Other receivables and payables

156.0

TOTAL

76.7

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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