HERMÈS - 2018 Registration document

Consolidated financial statements Notes to the consolidated financial statements

2017

Assets at fair value 1

Liabilities at amortised cost

Held-to- maturity assets

Effective interest rate

Available- for-sale assets

Liabilities at fair value 1

Loans and receivables

Net carrying amount

Evaluation level

Interest rate

Fair value

Note

In millions of euros

Financial investments

-

138.3

- -

120.8

- - -

- - -

259.1 259.1

- - -

- - -

Liquidity contract

10.6

- -

- -

10.6

10.6

1

Other financial assets

-

0.0

0.0

0.0

-

Other non- consolidated investments

-

-

-

1.0

-

-

1.0

1.0

-

-

-

Held-to-maturity securities Financial assets

-

-

-

-

-

-

-

-

-

-

-

15 17

10.6 138.3 0.0 121.9

- -

- -

270.8 270.8

Loans and deposits Trade and other receivables Foreign currency derivative assets Cash and cash equivalents Bank overdrafts

-

47.6

-

-

47.6

47.6

-

-

-

19

-

570.4

-

-

-

-

570.4 570.4

-

-

-

23.2.3

-

-

101.1

-

-

-

-

-

101.1 101.1

2

20

974.9 1,957.0

-

-

-

-

2,931.9 2,931.9

1

-

-

-

- - - -

- - - -

- - - -

- - - -

- - - -

(20.7)

(20.7)

(20.7)

-

1

Loan Brazil Loan India

(9.0) (1.6) (1.1)

(9.0) (1.6) (1.1)

(9.0) (1.6) (1.1)

- 11.2% 11.2%

- -

8.6% 8.6% 2.4% 2.4%

Other borrowings Current accounts in debit

-

-

-

-

-

-

-

-

-

-

1

23

Financial debts

-

-

-

-

-

(32.5)

(32.5)

(32.5)

-

-

5

Trade payables and other liabilities Foreign currency derivative liabilities Other derivatives - liabilities

27

-

-

-

-

-

(1,250.5) (1,250.5) (1,250.5)

-

-

-

23.2.3

-

-

-

-

(17.4)

-

(17.4)

(17.4)

2

-

-

-

-

-

-

(1.4)

-

(1.4)

(1.4)

2

-

-

(1) Interest rates correspond to floating rates.

PROVISIONS

NOTE 24

Exchange rate impact

Other and reclassifications 2

31/12/2017

Depreciations

Reversals 1

31/12/2018

In millions of euros

Current provisions

151.7

89.7

(37.0)

2.7

(70.0)

137.2

Non-current provisions

7.1

0.1

(1.4)

(0.0)

(0.0)

5.7

TOTAL

158.8

89.8

(38.4)

2.7

(70.0)

142.9

(1) Of which €12.4 million reversed and used. (2) Corresponds to uncertain tax liabilities reclassified under “Current tax liabilities” pursuant to IFRIC 23.

Current provisions concern risks, disputes and litigation as well as provisions for returns of goods in the normal course of operations.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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