HERMES_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

22.2.3 Analysis of currency agreements

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of the contracts as at 31 December 2017 1 Future cash flow hedge Fair value hedge Unallocated

Nominal amounts of derivatives

Total

In millions of euros

Options purchased US dollar put US dollar collar Chinese yuan put Chinese yuan collar Japanese yen put Singapore dollar put Singapore dollar collar Hong Kong dollar put Hong Kong dollar collar Yen dollar collar

34.0

34.0

3.3

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - -

3.3

135.9

135.9

12.8

12.8

12.2 85.5 23.1

12.2 85.5 23.1

0.9 4.8 2.1 0.9 5.4 2.2 8.6

0.9 4.8 2.1 0.9 5.4 2.2 8.6

115.6

115.6

10.2

10.2

16.2

16.2

113.1

113.1

22.5 90.1

22.5 90.1

648.2

648.2

51.4

51.4

Forward currency agreements 2 US dollar

210.7 150.9 102.4 98.7 77.1 63.5 36.8 23.7 13.7 37.6 27.4 102.3 (10.5)

210.7 149.0 102.4 99.0 77.1 63.5 36.8 23.7 13.7 37.6 27.4 102.3 (10.5)

11.5 (0.3)

(0.0) (0.0)

11.4 (0.4)

Yuan

Yen

7.8 1.1 6.1

-

7.8 1.1 6.1

Singapore dollar Hong Kong dollar

(0.0) (0.0)

(1.5)

-

(1.5)

Euro 3

Pound sterling Canadian dollar

1.0 0.9

(0.0)

1.0 0.9

- - - - - - - - - -

Thai baht

(0.4)

(0.4)

5

Rouble

0.4 2.7 0.3 0.3 0.7 0.7

0.4 2.7 0.3 0.3 0.7 0.7

Swiss franc

0.0

Australian dollar South Korean won

Brazilian real Mexican peso

10.0

10.0

9.2

9.2

Malaysian ringgit

11.4

11.4

(0.4)

(0.4)

Danish krone

7.7 7.0 6.8

7.7 7.0 6.8

0.0 0.5

0.0 0.5

Turkish lira

Other

(0.3) 30.9

(0.0) (0.0)

(0.3) 30.9

986.3

984.6

Currency swaps 2 US dollar

(111.5)

(119.5)

(0.6)

0.2

(0.5)

Yuan

88.2 25.0 45.5 32.8 12.9

85.9 22.3 45.9 32.8 12.9

0.2 0.3 0.3 0.7

(0.0)

0.2 0.3 0.3 0.7

Yen

0.0

Singapore dollar Hong Kong dollar Pound sterling

(0.0)

0.0

(0.0)

-

(0.0)

(65.1)

(71.2)

0.4

0.0

0.4

Euro 3

Swiss franc

5.2 3.2 3.2 8.9 7.3 3.2

5.2 2.9 3.2 4.8 7.0 2.8

(0.0)

-

(0.0)

Canadian dollar

0.0

0.0

0.0

Thai baht

(0.0)

-

(0.0)

Rouble

0.0 0.0 0.0 1.2

0.0 0.0 0.0 0.2 0.2

0.0 0.0 0.0 1.4

Australian dollar

Other

59.0

35.0

- -

TOTAL

1,693.4

1,667.8

83.5

83.7

(1) Gain/(Loss). (2) Sales/(Purchases). (3) Euro foreign exchange risk for subsidiaries having a different functional currency.

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

223