Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

The breakdown of restated net cash by maturity and rate type is as follows:

As at 31/12/2022

< 1 year 9,486 2,028

1 to 5 years

> 5 years

Total

Floating rate

Fixed rate

In millions of euros Financial assets

260

- - - - - - - - -

9,746 2,028 7,197

3,741 1,827 1,544

6,005

Liquidities

- -

201

Marketable securities

7,197

5,654

Cash investments with maturity over three months from the date of acquisition

261

260

521

371

150

1

Financial liabilities

2

1 1

3 1 2

2

1 1

Medium and long‑term financial liabilities

-

-

Bank overdrafts

2

- -

2

(0)

Current accounts in debit

-

-

-

-

RESTATED NET CASH POSITION

9,484

258

9,742

3,739

6,004

(1) Excluding commitments to buy out non‑controlling interests (see note 9.4).

The gains and losses generated through disposal of marketable securities during the financial year and recorded through profit or loss amounted to -€3.7 million. Unrealised gains or losses as at 31December 2022 stood at +€4.5 million.

As at 31/12/2021

< 1 year 6,761 1,925 4,771

1 to 5 years

> 5 years

Total

Floating rate

Fixed rate

In millions of euros Financial assets

310

- - - - - - - - -

7,071 1,925 4,771

3,439 1,824 1,240

3,632

Liquidities

- -

102

Marketable securities

3,531

Cash investments with maturity over three months from the date of acquisition

65

310

375

375

- - - - -

1

Financial liabilities

1 0 1 0

0 0

1 0 1 0

1 0 1 0

Medium and long‑term financial liabilities

Bank overdrafts

- -

Current accounts in debit

RESTATED NET CASH POSITION

6,760

310

7,070

3,437

3,632

(1) Excluding commitments to buy out non‑controlling interests (see note 9.4).

The gains and losses generated through disposal of marketable securities during the financial year and recorded through profit or loss amounted to -€0.4 million. Unrealised gains or losses as at 31December 2021 stood at -€2.3 million.

9.4 Put options granted to holders of non‑controlling interests

Accounting principles In compliance with IAS32 Financial instruments : presentation , when holders of non‑controlling interests have put options to sell their interests to the Group, a financial liability is recognised corresponding to the exercise price of the option. This debt is posted through equity: as a deduction from “Non‑controlling interests”, in the amount of the carrying amount of the securities subject to the put option; s

This entry is adjusted at the end of each period in accordance with change in the exercise price of the options and the carrying amount of the non‑controlling interests. Changes in fair value are recognised directly in equity. for the balance, as a deduction against the “Equity attributable to owners of the parent”. s

Put options granted to holders of non‑controlling interests amounted to €34 million as at 31December 2022, compared to €24 million as at 31December 2021.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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