Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

10.2.3 BREAKDOWN OF FOREIGN EXCHANGE CONTRACTS

Nominal amounts of derivatives used to hedge foreign exchange risk

1

Market value of contracts as at 31 December 2022

Nominal amounts of derivatives

Cash flow hedge Fair value hedge

Unallocated

Total

In millions of euros

Options purchased Chinese yuan puts Chinese yuan collars

105 316

105 316

7

- - - - - - - - - - -

- - - - - - - - - - -

7

18

18

US dollar puts US dollar collars

94

94

4 9 2 2 3 7 2 5

4 9 2 2 3 7 2 5

283

283

Singapore dollar puts Singapore dollar collars Japanese yen puts Japanese yen collars Hong Kong dollar puts Hong Kong dollar collars

81

81

244

244

51

51

203

203

59

59

176

176

1,612

1,612

58

58

2

Forward foreign exchange contracts US dollar

625

625

(1)

0

(0)

(1)

3

Euro

95

95

3

- - - - - - - - - - - - - - - - - - - -

- - - - - - - - -

3

Chinese yuan

724 258 252 165 280

724 258 252 165 280

18

18

Singapore dollar Hong Kong dollar Pound sterling

(12)

(12)

7 5 6 3 7 1

(0)

7 5 6 3 7 1

5

Japanese yen

Swiss franc

39 86

39 86

(2)

(2)

Canadian dollar Australian dollar

123

123

Thai baht

96

96

Other currencies

146

146

(2) 32

(2) (2)

(4) 30

2,890

2,890

0

2

Currency swaps US dollar Chinese yuan Singapore dollar Hong Kong dollar Pound sterling Japanese yen Other currencies Swiss franc

(30) 293

(30) 223

0

(0) (0)

-

(1) (1)

(1) (1)

59 61 31

59 41 31

- - - -

0

-

(0) (0) (1)

(0) (0) (1)

(24)

(24)

34 48

34 48

(0) (0) (0) (3)

0

-

473

382

(2) 88

(2) 86

TOTAL

4,976

4,884

0

(1) Gain/(Loss). (2) Sale/(Purchase). (3) Euro foreign exchange rate risk for subsidiaries that have a different functional currency. Exceptionally, this may also include internal transactions in euros, excluding sales of goods, with subsidiaries that have a different functional currency.

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