HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

21.3 Revaluation adjustments

2018 movements in derivatives (future cash flow hedges in foreign currencies) and financial investments break down as follows (after tax):

2018

2017

In millions of euros

Balance as at 1 January

131.4 (34.9) (33.3)

2.8 6.3

Amount transferred to equity in the year in respect of derivatives

Revaluation of derivatives

59.4 72.7 (9.9)

Revaluation of financial investments

27.6 (8.6)

Other deferred foreign exchange gains/(losses) recognised in comprehensive income

First-time application of IFRS 9

(34.2)

0.0

Balance at end of period

48.0

131.4

21.4 Income and expenses recognised directly in equity

In 2018, income and expenses recognised directly in equity breaks down as follows:

Gross impact

Tax effect

Net impact

Note

In millions of euros

Actuarial gains and losses Foreign currency adjustments Revaluation adjustments Balance as at 31 December 2018

26.3.4

7.2

(1.7)

5.5

21.2 21.3

74.4

-

74.4

(94.6)

45.4

(49.2)

30.7

For financial year 2017:

Gross impact

Tax effect

Net impact

Note

In millions of euros

5

Actuarial gains and losses Foreign currency adjustments Revaluation adjustments Balance as at 31 December 2018

26.3.4

3.4

(12.0)

(8.6)

21.2 21.3

(149.6)

-

(149.6)

196.2

(67.6)

128.6 (29.6)

NON-CONTROLLING INTERESTS

NOTE 22

31/12/2018

31/12/2017

In millions of euros

Balance as at 1 January

6.6 5.0

2.2 4.3

Net income attributable to non-controlling interests

Dividends paid to non-controlling interests

(4.3)

(2.6) (0.1)

Foreign currency translation adjustments on foreign entities

0.4

Other changes

(2.9)

2.8 6.6

Balance at end of period

4.8

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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