HERMÈS - 2018 Registration document

Parent company financial statements

Notes to the financial statements

FINANCIAL ASSETS

NOTE 9

Gross value as at 31/12/2017

Acquisitions/ Subscriptions

Disposals/ Reductions

Gross value as at 31/12/2018

Net value as at 31/12/2018

Impairments

In millions of euros

Note

14

1,125.9

156.0

(1.0) (1.1) (0.3) (0.8) (0.0) (2.1) -

1,280.9

(621.0)

659.9 191.2 160.4

Investments 1

Other financial assets Financial investments 2

119.9

80.5 80.0

199.2 168.4

(8.0) (8.0)

88.8 26.2

0.3 0.1 0.0

26.6

- -

26.6

Treasury shares (including liquidity contract) 3

Deposits and guarantees Other long-term investments

4.9 2.7

4.2 2.7

4.2 2.6

(0.1)

FINANCIAL ASSETS

1,248.4

236.5

1,482.9

(629.1)

853.8

Details of the portfolio of investment securities are presented in Note 6.6. The main changes in the year are shown in the notes below: 1) the increase concerns the capital increases of the Group’s subsidiaries (mainly Hermès Cuirs Précieux, Maroquinerie de Franche-Comté and John Lobb). The decrease concerns the dissolution of Boissy Nontron (-€1.0 million); 2) subscription to two financial investments for €80 million with a maturity of five years; 3) as at 31 December 2018, Hermès International held 87,539 treasury shares (liquidity contract and unallocated shares intended for external growth operations). These shares were valued on the basis of their stock market price when they were purchased, i.e. €303.43 per share.

ANALYSIS OF ASSETS BY MATURITY

NOTE 10

31/12/2018

31/12/2017

> 1 year and < 5 years

< 1 year

Gross amount

Impairment

Net amount

Net amount

Note

In millions of euros

9

Other financial assets

-

199.2

199.2 740.5

(8.0)

191.2 693.7

111.9 626.8

668.3

72.2

(46.8)

Current assets 1

Trade and other receivables Other operating receivables Miscellaneous receivables 2 Prepayments and accruals

81.6 31.3

0.7

82.4

- -

82.4

83.9

71.5

102.8 555.4

102.8 508.6

151.2 391.6

6

555.4

- - - - -

(46.8)

6.9 1.9 3.0 1.9

6.9 1.9 3.0 1.9

- - - -

6.9 1.9 3.0 1.9

6.3 1.7 2.7 2.0

Communication fees

Leases Other TOTAL

675.1

271.5

946.6

(54.8)

891.8

744.9

(1) Current assets include a net amount of €688.8 million in receivables due from related companies. (2) Miscellaneous receivables consist of financial current accounts of subsidiaries.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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