HERMES_REGISTRATION_DOCUMENT_2017

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

INTANGIBLE ASSETS

NOTE 11

Exchange rate impact

31/12/2016

Increases 1

Decreases

Other

31/12/2017

In millions of euros

Leasehold rights

67.2

-

-

(1.7) (1.9) (1.6) (0.0) (5.3) (11) (1.5) (1.6)

-

65.5

Concessions, patents, licences and software

178.6

33.3

(11.8)

17.6

215.9

Other intangible assets Assets under construction TOTAL GROSS VALUES

85.5 22.1

1.6

(1.0)

0.2

84.7 15.8

14.4 49.3

-

(20.6)

353.5

(12.8)

(2.8) (2.7)

381.9

Amortisation of leasehold rights

41.2

2.1

-

39.5

Amortisation of concessions, patents, licences and software

116.0

25.6

(6.3) (1.0) (5.4)

0.4 2.1

134.0

Amortisation of other intangible assets

63.9 10.3

6.4 1.7

69.9

Impairment losses

0.0

(0.1) (0.3) (2.5)

6.5

TOTAL AMORTISATION AND IMPAIRMENT

231.4 122.1

35.8 13.4

(12.8)

(4.2) (1.1)

250.0 131.9

TOTAL NET VALUES

(0.0)

(1) Investments mainly concern the acquisition and/or implementation of integrated management software packages.

PROPERTY, PLANT AND EQUIPMENT

NOTE 12

Exchange rate impact

31/12/2016

Increases 1

Decreases

Other

31/12/2017

In millions of euros

Land

170.0 819.3 299.5 752.3 344.4

-

-

(11.6) (32.3)

-

158.4 820.3 301.9 769.4 341.5

Buildings

29.4 21.3 46.9 30.1 88.3 31.7 22.2 78.1 34.0 38.6

(24.6) (14.3) (24.4) (10.9)

28.6 (1.0) 47.1

Industrial machinery, plant and equipment

(3.6)

Store fixtures and furnishings

(52.5)

Other property, plant and equipment assets

(5.2) (3.6)

(16.9) (61.5)

Assets under construction TOTAL GROSS VALUES Depreciation of buildings

68.7

(0.7)

91.3

2,454.2

216.0

(74.9)

(108.8)

(3.8) (8.5)

2,482.8

298.2 167.9 385.1 211.6

(6.8)

(12.1)

302.6 174.8 427.6 213.1

Depreciation of plant, machinery and equipment Depreciation of store fixtures and furnishings Depreciation of other property, plant and equipment

(14.2) (39.7) (10.6)

(1.6)

0.6

(26.7)

30.8

(3.6) (2.9)

(18.2) (11.0)

56.9

(0.2)

81.3

Impairment losses 2

TOTAL AMORTISATION AND IMPAIRMENT

1,119.6 1,334.6

204.7

(71.6)

(46.9) (61.9)

(6.3)

1,199.5

TOTAL NET VALUES

11.3

(3.3)

2.5 1,283.3

(1) Investments made in 2017 concern mainly the opening and renovation of stores and capital expenditure to expand production capacity. (2) Impairment losses relate to production lines and stores deemed not to be sufficiently profitable. It is noted that the cash generating units on which impairment losses have been recognised are not individually material when compared with the Group’s overall business.

No item of property, plant or equipment has been pledged as debt collateral. Furthermore, the amount of such assets in temporary use is not material when compared with the total value of property, plant and equipment.

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL