Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
5
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nominal amounts of derivatives used to hedge foreign exchange risk
1
Market value of contracts as at 31 December 2021
Nominal amounts of derivatives
Cash flow hedge Fair value hedge
Unallocated
Total
In millions of euros
Options purchased Chinese yuan puts
99
99
1
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - -
1
296
296
(3)
(3)
Chinese yuan collars
65
65
0
0
US dollar puts
259
259
(2)
(2)
US dollar collars
57
57
0
0
Singapore dollar puts
227
227
(1)
(1)
Singapore dollar collars
48
48
0
0
Hong Kong dollar puts
193
193
(1)
(1)
Hong Kong dollar collars
38
38
1 3
1 3
Japanese yen puts
191
191
Japanese yen collars
1,472
1,472
(1)
(1)
2
Forward foreign exchange contracts US dollar
369
369
(15)
(0)
0
(15)
3
Euro
68
68
4
(0) (0)
4
Chinese yuan
671
671
(46)
(46)
Singapore dollar Hong Kong dollar Pound sterling
91
91
(5)
-
(5)
143 131 178
143 131 178
(11)
(0)
(11)
(4)
- -
(4)
Japanese yen
0
0
Swiss franc
39 66
40 66
(2) (2)
0
(2) (2)
Canadian dollar Australian dollar
-
101
101
5 2 0
(0)
5 2 0
Thai baht
53
53
- -
Other currencies
146
146
2,058
2,059
(73)
(0)
0
(74)
2
Currency swaps US dollar Chinese yuan Singapore dollar Hong Kong dollar Pound sterling Japanese yen Other currencies Swiss franc
(193)
(192)
4
(0) (0) (0)
4
330
294
(1) (0)
(1) (0)
6
6
(268)
(270)
3
0
3
41 29 26 62
41 25 26 56
(0) (0)
(0) (0)
(0) (0)
0
0-
0
(0)
0
0
34
(14)
5
-
(0)
5
TOTAL
3,564
3,517
(69)
(0)
(0)
(70)
(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.
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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