Hermès // 2021 Universal Registration Document
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
10.2.3 BREAKDOWN OF FOREIGN EXCHANGE CONTRACTS
Market value of the contracts as at 31 December 2021 1 Cash flow hedge Fair value hedge Unallocated Total
Nominal amounts of derivatives used to hedge foreign exchange risk
Nominal amounts of derivatives
In millions of euros
Options purchased Chinese yuan puts Chinese yuan collars
99
99
1
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - -
1
296
296
(3)
(3)
US dollar puts US dollar collars
65
65
0
0
259
259
(2)
(2)
Singapore dollar puts Singapore dollar collars Hong Kong dollar puts Hong Kong dollar collars Japanese yen puts Japanese yen collars
57
57
0
0
227
227
(1)
(1)
48
48
0
0
193
193
(1)
(1)
38
38
1 3
1 3
191
191
1,472
1,472
(1)
(1)
Forward currency agreements 2 US dollar
369
369
(15)
(0)
0
(15)
Euro 3
68
68
4
(0) (0)
4
Chinese yuan
671
671
(46)
(46)
Singapore dollar Hong Kong dollar Pound sterling
91
91
(5)
-
(5)
143 131 178
143 131 178
(11)
(0)
(11)
(4)
- -
(4)
Japanese yen
0
0
Swiss franc
39 66
40 66
(2) (2)
0
(2) (2)
Canadian dollar Australian dollar
-
5
101
101
5 2 0
(0)
5 2 0
Thai baht
53
53
-
Other currencies
146
146
0 0
2,058
2,059
(73)
(0)
(74)
Currency swaps 2 US dollar
(193)
(192)
4
(0) (0) (0)
4
Chinese yuan
330
294
(1) (0)
(1) (0)
Singapore dollar Hong Kong dollar
6
6
(268)
(270)
3
0
3
Swiss franc
41 29 26 62 34
41 25 26 56
(0) (0)
(0) (0)
(0) (0)
Pound sterling Japanese yen Other currencies
0
0 0
0 0 5
(0)
(14)
5
(0) (0)
TOTAL
3,564
3,517
(69)
(0)
(70)
Gain/(Loss). (1) Purchase/(Sale). (2) Euro foreign exchange rate risk for subsidiaries that have a different functional currency. Exceptionally, this may also include internal transactions in euros, excluding (3) sales of goods, with subsidiaries that have a different functional currency.
2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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