Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
6
PARENT COMPANY FINANCIAL STATEMENTS CHANGES IN EQUITY
6.3 CHANGES IN EQUITY
Legal reserve, other reserves, and retained earnings
Number of shares
Share, merger or contribution premiums
Net income for the
In millions of euros
outstanding Share capital
financial year Regulated provisions
Equity
Note
9
9
As at 31December 2020 before allocation of net income
105,569,412
54
50
4,102
1,343
0
5,549
Allocation of net income 2020
-
-
-
1,343
(1,343)
-
-
Dividends paid in respect of the financial year
-
-
-
(485)
-
-
(485)
Net income for financial year 2021
-
-
-
-
1,165
-
1,165
Other changes
-
-
-
(69)
-
0
(69)
As at 31December 2021 before allocation of net income
105,569,412
54
50
4,891
1,165
0
6,160
Allocation of net income 2021
-
-
-
1,165
(1,165)
-
-
Dividends paid in respect of the financial year
-
-
-
(845)
-
-
(845)
Net income for financial year 2022
-
-
-
-
2,529
-
2,529
Other changes
-
-
-
-
-
(0)
(0)
Balance as at 31December 2022 before allocation of net income
105,569,412
54
50
5,212
2,529
0
7,844
6.4 STATEMENT OF CASH FLOWS
In millions of euros
Note
2022
2021
Net income
2,529
1,165
Depreciation and amortisation
25
22
Change in provisions and impairment
80
121
Capital gains/(losses) on disposals
1
73
Operating cash flows
2,635
1,381
Change in trade and other receivables
(31)
503
Change in trade and other payables
187
591
Change in working capital requirements
156
1,094
Net cash flows from operating activities
2,791
2,475
Acquisitions of property, plant and equipment and intangible assets
6
(29)
(37)
Acquisitions of investment securities
7.2
(28)
(180)
Acquisitions of other financial assets
7.2
(145)
(185)
Disposals of property, plant and equipment and intangible assets
0
0
Proceeds from disposal of investment securities
1
4
Proceeds from disposal of other financial assets
7.2
5
0
Change in receivables and payables related to fixed assets
(1)
0
Net cash flows from investing activities
(197)
(398)
Dividends paid
(845)
(485)
Treasury share buybacks net of disposals
(120)
(157)
Net cash flows from financing activities
(965)
(642)
CHANGE IN NET CASH POSITION
1,630
1,435
Net cash at the beginning of the period
7.5
5,050
3,615
Net cash at the end of the period
7.5
6,680
5,050
CHANGE IN NET CASH POSITION
1,630
1,435
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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