HERMES_REGISTRATION_DOCUMENT_2017

4

COMMENTS ON THE FINANCIAL YEAR AND OUTLOOK

COMMENTS ON THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS COMMENTS ON THE SUMMARY CONSOLIDATED STATEMENT OF PROFIT OR LOSS

4.1

184

4.2

185

Financial position

4.2.1

185

Investments

185

4.2.2

CREATION OF VALUE

4.3

186

EXCEPTIONAL EVENTS

4.4

186

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS, ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES Information on parent company financial statements

4.5

187 187 187 187

4.5.1

4.5.1.1 Revenue

4.5.1.2 Statement of financial position and statement of profit or loss

Information on accounts payable due dates Information on subsidiaries and associates

187

4.5.2

4.5.3

187 187

4.5.3.1 Activity of subsidiaries

4.5.3.2 Equity investments in companies with registered offices in France (Article. L. 233-6 of the French Commercial Code (Code de commerce) )

187

Information on branches

188

4.5.4

Information on the amount of inter-company loans

4.5.5

188

OUTLOOK

4.6

189

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

183