Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

7.3.1 RIGHT‑OF‑USE ASSETS The breakdown of rights‑of‑use by nature of the underlying asset is as follows:

31/12/2022

31/12/2021

Amortisation and impairment

Gross

Net

Net

In millions of euros

Stores

2,222

950 224

1,272

1,319

Offices and other

534

310

198

TOTAL

2,756

1,174

1,582

1,517

The change in right‑of‑use assets during the financial year is as follows:

In millions of euros

2,100

330

1,900

1,582

1,700

8

34

1,517

1,500

(305)

(2)

Q Increase Q Decrease Q Total

1,300

Net values as at 31/12/2021

New contracts

Amortisation and impairment

Expiry of contract

Exchange rate impact

Other

Net values as at 31/12/2022

31/12/2022

31/12/2021

Stores Offices and other

Total

Total

In millions of euros

Gross amount as at 1January

2,107

382 176 (22)

2,489

2,276

Implementation of new leases and revisions Expiry and early termination of leases

153

330

267

(100)

(123)

(176)

Exchange rate impact

53

(2)

51

121

Other movements and reclassifications GROSS VALUE AS AT 31DECEMBER

8

-

8

1

2,222

534

2,756

2,489

31/12/2022

31/12/2021

Stores Offices and other

Total 972 305

Total 830 266

In millions of euros

Amortisation and impairment losses as at 1January

788 244

184

Amortisation and impairment

61

Expiry and early termination of leases

(100)

(21)

(120)

(169)

Exchange rate impact

17

(0)

17

45

Other movements and reclassifications

-

-

-

-

AMORTISATION AND IMPAIRMENT LOSSES AS AT 31DECEMBER

950

224

1,174

972

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

422