HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

23.2.3 Analysis of currency agreements

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of the contracts as at 31 December 2018 1

Nominal amounts of derivatives

Future cash flowhedge Fair value hedge

Unallocated

TOTAL

In millions of euros

Options purchased US dollar put Calls US dollar US dollar collar Chinese yuan put Chinese yuan collar Japanese yen put Japanese yen collar Singapore dollar put Singapore dollar collar Hong Kong dollar put Calls Hong Kong dollar Hong Kong dollar collar

128.8 (62.6) 123.2

35.5

0.8

0.3 1.0

1.1 1.0 1.7 0.8 4.0 0.4 0.3 1.0 0.5 0.6 0.9

123.2

1.7 0.8 4.0 0.4 0.3 1.0 0.4

15.2

15.2

167.6

167.6

28.9

28.9

201.1

201.1

(0.5)

(0.5)

20.0

20.0

140.3

140.3

83.7

23.5

0.1 0.6

(40.3)

82.0

82.0

0.9

887.9

837.3

10.0

-

2.0

12.0

Forward currency agreements 2 US dollar

353.5 199.4 126.2 117.7 158.6 42.1 32.9 14.3 51.9 37.9 10.0 11.1 12.0 (12.7) 80.0 106.4

353.5 199.4 126.2 119.5 159.9 42.1 32.9 14.3 52.0 37.9 10.0 11.1 12.0 (12.7) 80.0 106.4

(12.9)

(0.3)

(0.0)

(13.2)

Yuan

(3.4) (4.4) (9.0) (7.3)

- - - - - - - - - - - - - - - - - - - - - - - - - -

- -

(3.4) (4.4) (9.1) (7.3)

Yen

Singapore dollar Hong Kong dollar

(0.1) (0.0) (0.1) (0.0)

5

3.4 0.6

3.3 0.6

Euro 3

Pound sterling Canadian dollar

(0.0) (0.3)

- - - - - -

(0.0) (0.3)

Thai baht

Rouble

0.8

0.8

Swiss franc

(1.6)

0.0

(1.6)

Australian dollar South Korean won

2.4

2.4

(0.1) (0.1) (0.6) (0.1)

(0.1) (0.1) (0.6) (0.1)

Brazilian real Mexican peso

(0.0)

Malaysian ringgit

-

Danishkrone Turkish lira

6.9 8.5

6.9 8.5

0.0 0.3

0.0

0.0 0.3

-

Other

10.8

10.8

(0.0)

(0.0) (0.2)

(0.0)

1,367.3

1,370.6

(32.4)

(0.3)

(32.9)

Currency swaps 2 US dollar

(218.9)

(232.1)

(1.3)

0.1 0.0

(1.1)

Yuan

127.7

127.7

0.8

0.8

Yen

18.2 63.9 31.7 11.7

17.8 57.6 31.0 13.8 (3.9)

(0.4)

(0.0)

(0.4)

Singapore dollar Hong Kong dollar

0.0 0.3 0.0 0.0 0.1

0.0 0.0

0.0 0.3 0.0 0.0 0.1

(0.0) (0.0)

Euro 3

Pound sterling Canadian dollar

1.2 4.9

4.9

0.0

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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