Hermès // 2021 Universal Registration Document

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

NOTE 6

Accounting principles Intangible assets include software and the cost of websites, which are amortised on a straight-line basis over a period of up to four years. Property, plant and equipment are valued at their acquisition cost.

Depreciation is calculated using the straight-line or declining balance method: buildings: straight-line over 30 years; s building fixtures and fittings: straight-line method over 10 to s 40 years; office furniture and equipment: straight-line or declining-balance s method over 4 to 10 years; IT equipment: straight-line or declining balance over one to five s years; vehicles: straight-line method over 4 years. s

31/12/2020

Increases

Decreases

Other

31/12/2021

In millions of euros Intangible assets

75 53 23 58

26 19

(0)

(0)

101

Software

-

0

72 29 69

Other intangible assets

7

(0) (0)

(0)

Property, plant and equipment

11

0

Land

0 0

0 0

Buildings

Fittings

31 27

6 5

(0) (0) (0)

6

43 25

Other property, plant and equipment assets

(6)

Total gross values

134 (38) (22) (15) (34) (22) (12) (72) (0)

37

0

170 (55) (36) (19) (38) (24) (14) (93) (0)

Amortisation of intangible assets

(18) (14)

0

-

Software

Other intangible assets

(4) (4)

0 0

Depreciation of property, plant and equipment

-

Buildings

Fittings

(2) (2)

6

Other property, plant and equipment assets Total depreciation and amortisation

0 0

(22)

-

Impairment

- -

- -

Total impairment TOTAL NET VALUES

-

-

-

62

15

(0)

0

77

2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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