Hermès // 2021 Universal Registration Document

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL PRESENTATION OF HERMÈS INTERNATIONAL

PRINCIPAL FLOWS BETWEEN HERMÈS INTERNATIONAL AND THE MAIN SUBSIDIARIES

HERMÈS GROUP TAX POLICY

7.1.5

7.1.6

The Hermès Group’s tax policy is described in chapter 2 “Corporate social responsibility”, § 2.7.2.1.1.

As stated in §7.1.2, Hermès International is the Group’s parent company. The main flows between Hermès International and the Group’s subsidiaries are presented in chapter 6 “Parent company financial statements”. They cover mainly the following areas:

INVESTMENTS

7.1.7

The main investments made during the year are described in chapter 1 “Presentation of the Group and its results”, § 1.8.2.

PROVISION OF SERVICES

7.1.5.1

Services are primarily amounts charged back to subsidiaries for advertising and public relations services, rent, staff provided on secondment, insurance and professional fees. These services are detailed in chapter 6 “Parent company financial statements”, Note 2.1 “Operating income”.

TRADEMARK ROYALTIES

7.1.5.2

Hermès International receives royalties from trademarks, licensed exclusively to Group subsidiaries, namely, Hermès Sellier, Le Comptoir Nouveau de la Parfumerie and La Montre Hermès. Royalties are calculated based on the production subsidiaries’ revenue. These fees are detailed in chapter 6 “Parent company financial statements”, Note 2.1 “Operating income”.

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2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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