HERMÈS - 2018 Registration document

5

Consolidated financial statements Notes to the consolidated financial statements

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 (0.0)

In millions of euros

Thai baht

3.5 2.3

3.5 2.0

(0.0)

- - - - - - - - - - -

-

Rouble

0.1

0.0

0.2

Swiss franc Danishkrone

14.6

10.3

(0.0)

(0.0)

(0.0)

6.8 6.6

6.8 5.5

0.0 0.0

-

0.0 0.1

Other

0.0 0.2

74.1

44.8

(0.2)

(0.0)

Options sold US dollar put Calls US dollar

(93.3)

- - - - -

- - - - -

(0.3) (1.0) (0.1) (0.6) (2.0) (0.1)

(0.3) (1.0) (0.1) (0.6) (2.0)

62.6

Hong Kong dollar put Calls Hong Kong dollar

(60.2)

40.3

(50.7)

TOTAL

2,278.7

2,252.6

(22.6)

(0.3)

(23.0)

(1) Gain/(Loss). (2) Sales/(Purchases). (3) Euro foreign exchange risk for subsidiaries having a different functional currency.

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of the contracts as at 31 December 2017 1

Nominal amounts of derivatives

Future cash flow

hedge Fair value hedge

Unallocated

TOTAL

In millions of euros

Options purchased US dollar put 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 Hong Kong dollar collar

34.0

34.0

3.3

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

- - - - - - - - - -

3.3

135.9

135.9

12.8

12.8

12.2 85.5 23.1

12.2 85.5 23.1

0.9 4.8 2.1 0.9 5.4 2.2 8.6

0.9 4.8 2.1 0.9 5.4 2.2 8.6

115.6

115.6

10.2

10.2

16.2

16.2

113.1

113.1

22.5 90.1

22.5 90.1

648.2

648.2

51.4

-

51.4

Forward currency agreements 2 US dollar

210.7 150.9 102.4 98.7 77.1 63.5 36.8 23.7 13.7 37.6 27.4 102.3

210.7 149.0 102.4 99.0 77.1 63.5 36.8 23.7 13.7 37.6 27.4 102.3

11.5 (0.3)

(0.0) (0.0)

11.4 (0.4)

Yuan

Yen

7.8 1.1 6.1

-

7.8 1.1 6.1

Singapore dollar Hong Kong dollar

(0.0) (0.0)

(1.5)

-

(1.5)

Euro 3

Pound sterling Canadian dollar

1.0 0.9

(0.0)

1.0 0.9

- - -

Thai baht

(0.4)

(0.4)

Rouble

0.4 2.7 0.3

0.4 2.7 0.3

Swiss franc

0.0

Australian dollar

-

272

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL