HERMES_REGISTRATION_DOCUMENT_2017

PARENT COMPANY FINANCIAL STATEMENTS

NOTE TO THE FINANCIAL STATEMENTS

EQUITY

NOTE 10

As at 31 December 2017, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each, or the same as at 31 December 2016.

PROVISIONS AND IMPAIRMENT

NOTE 11

Reversals

Provisions used

Provisions not used

Note

31/12/2016

Depreciations

31/12/2017

In millions of euros

Provisions for impairment

575.3 481.9

80.7 21.7 59.0

(35.6) (31.3)

-

620.4 472.3 148.1

Financial assets

7

Trade and other receivables Regulated provisions Accelerated depreciation

93.3

(4.3)

0.4 0.4

0.2 0.2

-

(0.2) (0.2) (0.1) (0.3)

0.4 0.4

177.2 753.2

102.9 183.7

(23.6) (59.2)

256.4 877.5

Provisions for risks and expenses 1

TOTAL

(1) The provisions for risks and expenses mainly include the cost of the free share allocation plans granted in May 2012 and 2016 (€143.9 million); they also include retirement benefits and expenses associated with the supplementary pension plan for senior executives and senior managers, risks inherent in subsidiaries in accordance with accounting rules and methods corresponding to negative equity shares, and ongoing litigation.

ANALYSIS OF LIABILITIES BY MATURITY

NOTE 12

31/12/2017

31/12/2016

> 1 year and < 5 years

< 1 year

Net amount

Net amount

In millions of euros

6

Financial debts Bank borrowings 1

6.5 1.2 5.3

18.0

24.5

22.3

-

1.2

0.5

18.0

23.2 61.5 22.1 39.4

21.9 54.5 18.3 36.2

Miscellaneous borrowings and financial liabilities 2

Operating liabilities

57.1 22.1 35.0

4.4

Trade and other payables 3

4.4 9.7

Tax and social-security liabilities 4

Miscellaneous liabilities

425.9

435.5

343.2

Amounts payable to fixed asset suppliers

2.2

2.2

2.3

423.7 489.5

9.7

433.4 521.5

340.9 420.0

Others 5

TOTAL

32.0

(1) Bank overdrafts. (2) Funds held in trust for employees under the statutory employee profit-sharing plan. (3) Including €12.3 million in invoices not yet received and €3.7 million with related companies. (4) Including €21.1 million in tax and employee-related provisions payable. (5) Mainly comprise financial current accounts of subsidiaries amounting to €401.8 million.

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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