HERMES_REGISTRATION_DOCUMENT_2017
PARENT COMPANY FINANCIAL STATEMENTS
STATEMENT OF CASH FLOWS FOR 2017
STATEMENT OF CASH FLOWS FOR 2017
6.4
2017
2016
Notes
In millions of euros
Net income
778.3
1091.2
Depreciation and amortisation
0.5
11.6
Change in provisions and impairment Capital gains/(losses) on disposals
11
124.2
112.7
59.5
76.2
Operating cash flows
962.5 238.2 (92.5)
1,291.7
Change in intra-group current accounts
(13.9)
Change in other receivables
8.9
Change in trade and other payables Change in working capital requirements NET FLOWS COMING FROM OPERATIONS
23.9
(10.8) (15.8)
169.6
1,132.1
1,275.9
Acquisitions of intangible assets
6 6 7 7
(8.6) (2.3)
(6.3) (3.8)
Acquisitions of property, plant and equipment
Acquisitions of investment securities Acquisitions of other financial assets
(70.5) (71.2)
(34.1)
(8.5) 39.4
Disposals
2.7
Change in receivables and payables related to fixed assets
(0.1)
0.2
NET FLOWS ASSIGNED TO INVESTMENT
(150.0) (399.3) (188.5) (587.8)
(13.1)
Dividends paid
(356.0) (108.1) (464.1)
Treasury share buybacks net of disposals NET CASH FLOWS FROM FINANCING CHANGE IN NET CASH POSITION Net cash at the beginning of the period Net cash at the end of the period CHANGE IN NET CASH POSITION
394.3
798.8 925.6
13 13
1,724.4 2,118.7
1,724.4
394.3
798.8
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.
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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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