HERMES_REGISTRATION_DOCUMENT_2017

6

PARENT COMPANY FINANCIAL STATEMENTS

STATEMENT OF PROFIT OR LOSS FOR 2017

STATEMENT OF PROFIT OR LOSS FOR 2017

6.1

2017

2016

Notes

In millions of euros

2

Operating income

284.7 216.6

332.2 177.6

Revenue

Other products

0.7

2.1

Reversals of provisions and expenses reclassified

67.4

152.6 331.2

Operating expenses

286.8 116.7

Other purchases and external expenses

99.1

Tax and duties Compensation

10.2 49.4 29.1 79.6

7.3

47.0

Social security and similar expenses

3

105.0

Amortisation, depreciation, provisions and impairment

71.0

Other expenses

1.7

1.8 1.0

OPERATING INCOME

(2.0)

Financial income

941.7 896.0

1,267.2 1,225.9

Income from subsidiaries and associates Other interest and similar income Reversals of provisions and impairment

0.6

2.3

11

35.9

12.0 26.9

Foreign exchange gains

9.4

Net income from disposals of marketable securities

(0.2)

0.2

Financial expenses

122.7 107.9

179.8 158.0

Additions to provisions and impairment

11

Foreign exchange losses

13.1

21.2

Interest and similar expenses NET FINANCIAL INCOME

1.6

0.7

819.0 816.9

1,087.4 1,088.4

CURRENT INCOME Extraordinary income Extraordinary expenses

63.2

135.6 123.2

121.7 (58.6) 758.4

4

NET EXTRAORDINARY INCOME

12.5

NET INCOME BEFORE TAX AND EMPLOYEE PROFIT-SHARING

1,100.9

Employee profit-sharing

(4.5) 24.4

(3.9) (5.8)

Income tax

5

NET INCOME

778.3

1,091.2

N.B: the values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy in the level of the total changes.

248

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL