HERMES_REGISTRATION_DOCUMENT_2017
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
COST OF SALES
NOTE 4
Cost of sales mainly comprises purchases, the cost of labour for production, the portion of depreciation that is allocated to the production cost, impairment of inventories, losses on inventories and variable selling expenses.
SELLING, MARKETING AND ADMINISTRATIVE EXPENSES
NOTE 5
2017
2016
In millions of euros
Communication
(275.5)
(242.3)
Other selling, marketing and administrative expenses
(1,380.9) (1,656.3)
(1,303.0) (1,545.3)
TOTAL
OTHER INCOME AND EXPENSES
NOTE 6
2017
2016
Note
In millions of euros
Amortisation
(167.1) (32.2) (16.6) (48.8) (41.9) (74.8) (25.9)
(168.1)
Net change in recurring provisions Cost of defined-benefit plans
(23.2) (16.6) (39.8) (30.3) (60.6) (12.9)
25
Sub-total
Impairment losses
Expenses linked to bonus share allocation plans and similar expenses
30
Other expenses Other products
47.0
33.1
Sub-total
(95.7)
(70.6)
TOTAL
(311.6)
(278.5)
Total depreciation and amortisation of tangible and intangible assets included in operating expenses (“Other income and expenses” and “Cost of sales”) amounted to €201.1 million in 2017, compared with €201.8 million in 2016.
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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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