Hermès // 2021 Universal Registration Document

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Market value of the contracts as at 31 December 2020 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

94

94

3 8 5 2 6 2 8 4

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - -

3 8 5 2 6 2 8 4

227

227

US dollar puts US dollar collars

69

69

146

146

14

14

Singapore dollar puts Singapore dollar collars Japanese yen puts Japanese yen collars Hong Kong dollar puts Hong Kong dollar collars

67

67

145

145

49

49

156

156

51

51

111

111

10 64

10 64

1,115

1,115

Forward currency agreements 2 US dollar

206

211

15 (2) (0) (0) 10

1

1

16 (2) (0) (0) 10

Euro 3

58

58

(0)

Chinese yuan

395

395

-

Singapore dollar Hong Kong dollar Pound sterling

50

50

0 0

101 130 115

105 129 118

1 6 0 1

-

1 6 0 1

Japanese yen

0

Swiss franc

36 55 52 40

36 55 52 40

(0)

Canadian dollar Australian dollar

- - -

(5) (0)

(5) (0)

Thai baht

Other currencies

100

100

2

0 1

2

1,338

1,349

27

1

28

Currency swaps 2 US dollar

47

35

0

0 0

0 0 0 0 0

Chinese yuan

228 (17)

229 (17)

(0)

Singapore dollar Hong Kong dollar Japanese yen Australian dollar

0 0 0

(0)

63 28 37 41 72

52 20 38 37 65

0 0 0

(1)

(1)

Swiss franc

0

(0) (0)

0

Other currencies

(0)

(0)

499

459

0

0 1

0

TOTAL

2,953

2,923

91

1

92

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.

394 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL