Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

In millions of euros

518

2,800

2,500

5

2,220

2,140

2,200

(8)

(383)

(52)

1,900

1,600

Q Increase Q Decrease Q Total

1,300

Net values as at 31/12/2021

Purchase

Amortisation and impairment

Decreases

Exchange rate impact

Other

Net values as at 31/12/2022

7.2.1 INTANGIBLE ASSETS Over financial year 2022, changes in intangible assets were as follows:

Exchange rate impact

31/12/2021

Increases

Decreases

Other 31/12/2022

In millions of euros

Software, licences, e‑commerce website and patents

560 143

81

(2) (6)

(0)

(61)

578 141

5

Other intangible assets

9

1 0 1

(6)

Fixed assets under construction

38

14

-

(33)

19

TOTAL GROSS VALUES

741

104

(8)

(101)

738

Amortisation of software, licences, e‑commerce website and patents

354 116

75

(2) (6) (0) (8)

(0)

(34)

393 114

Amortisation of other intangible assets

8 4

1 0 1

(4)

Impairment losses

14

0

18

TOTAL AMORTISATION AND IMPAIRMENT

483 258

87 17

(38) (63)

525 213

TOTAL NET VALUES

-

(0)

The “Other” column includes -€49 million related to the application of the IFRIC decision on software in SaaS mode (see note 1.2). In 2021, changes in intangible assets were as follows:

Exchange rate impact

31/12/2020

Increases

Decreases

Other 31/12/2021

In millions of euros

451 134

87 11 28

(3) (6)

1 1 0 2 0 1 0 2

24

560 143

Software, licences, e‑commerce website and patents

3

Other intangible assets

37

-

(27)

38

Fixed assets under construction

622

127

(9)

0

741

TOTAL GROSS VALUES

Amortisation of software, licences, e‑commerce website and patents

276 102

79

(3) (3) (4) (9) (0)

1 8

354 116

8 3

Amortisation of other intangible assets

23

(9) (0)

14

Impairment losses

401 221

90 37

483 258

TOTAL AMORTISATION AND IMPAIRMENT

(0)

0

TOTAL NET VALUES

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

419