Hermès // 2021 Universal Registration Document

6

PARENT COMPANY FINANCIAL STATEMENTS CHANGE IN EQUITY

CHANGE IN EQUITY

6.3

Share, merger or contribution premiums

Legal reserve, other reserves, and retained earnings

Number of shares outstanding

Share capital

Net income for the financial year

Regulated provisions

Equity

In millions of euros

Note

9

9

Balance as at 31 December 2019 before allocation of net income Allocation of net income 2019

105,569,412 54

50

2,934 1,653 (485)

1,653

0 4,691

- - - -

- - - -

- - - -

(1,653)

- - -

-

Dividends paid in respect of the financial year

-

(485) 1,343

Net income for financial year 2020

- -

1,343

Other changes

-

(0)

(0)

Balance as at 31 December 2020 before allocation of net income Allocation of net income 2020

105,569,412 54

50

4,102 1,343 (485)

1,343

0 5,549

- - - -

- - - -

- - - -

(1,343)

- - -

-

Dividends paid in respect of the financial year

-

(485) 1,165

Net income for financial year 2021

-

1,165

Other changes (see Note 1)

(69)

-

0 (69)

Balance as at 31 December 2021 before allocation of net income

105,569,412 54

50

4,891

1,165

0 6,160

STATEMENT OF CASH FLOWS

6.4

2021

2020

Note

In millions of euros

Net income

1,165

1,343

Depreciation and amortisation

22

16

Change in provisions and impairment Capital gains/(losses) on disposals

121

(19) 166

73

Operating cash flows

1,381

1,506 (555)

Change in trade and other receivables Change in trade and other payables Change in working capital requirements Net cash flows from operating activities

503 591

(97)

1,094 2,475

(652)

855 (30) (53) (27)

Acquisitions of property, plant and equipment and intangible assets

6

(37)

Acquisitions of investment securities Acquisitions of other financial assets

7.2 7.2

(180) (185)

Disposals of property, plant and equipment and intangible assets

0 4 0

- -

Proceeds from disposal of investment securities Proceeds from disposal of other financial assets

7.2

10

Change in receivables and payables related to fixed assets

-

-

Net cash flows from investing activities

(398) (485) (157) (642) 1,435 3,615 5,050 1,435

(100) (485) (121) (606)

Dividends paid

Treasury share buybacks net of disposals Net cash flows from financing activities 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

149

7.5 7.5

3,466 3,615

149

414 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL