Hermès // 2021 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT

Comments on the consolidated financial statements are set out in chapter 1 "Presentation of the Group and its results", § 1.8.

CONSOLIDATED INCOME STATEMENT

5.1

2021

2020

Notes

In millions of euros

Revenue

3 and 4

8,982

6,389

Cost of sales Gross margin

4

(2,580)

(2,013)

6,402

4,376

Sales and administrative expenses

4.2 4.3

(2,137)

(1,699)

Other income and expenses Recurring operating income

(734) 3,530

(696) 1,981

3

Other non-recurring income and expenses

4.4

-

91

Operating income Net financial income Net income before tax

3

3,530

2,073

9.1

(96)

(86)

3,435

1,986 (613)

Income tax

6 8

(1,015)

Net income from associates CONSOLIDATED NET INCOME

34

16

2,454

1,390

Non-controlling interests

(8)

(4)

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

2,445 23.37 23.30

1,385 13.27 13.21

Basic earnings per share ( in euros) Diluted earnings per share ( in euros)

11.6 11.6

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

5.2

2021

2020

Notes

In millions of euros

Consolidated net income

2,454

1,390 (103)

Changes in foreign currency adjustments 1

141

Hedges of future cash flows in foreign currencies 1 2

11.5 11.5

(110)

55 36 18

change in fair value s

(87) (23)

recycling through profit or loss s

Assets at fair value 2

11.5 11.5

87

-

Employee benefit obligations: change in value linked to actuarial gains and losses 2

9

(2)

Net comprehensive income

2,582 2,573

1,339 1337

attributable to owners of the parent s attributable to non-controlling interests s

9

2

Transferable through profit or loss. (1) Net of tax. (2)

360 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL