Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

2.3 Operating receivables

Accounting principles Receivables are recorded at par value. A provision for impairment is recognised where there is a risk of non‑recovery.

Operating receivables break down according to the following maturities:

31/12/2022

31/12/2021

Between 1 and

< 1 year

5 years Gross amount

Impairment

Net amount

Net amount

In millions of euros

Current assets

874

34

908

(118)

790

824

Trade and other receivables

62

6

69

-

69

69

Other operating receivables

55

28

83

-

83

71

Other receivables

756

-

756

(118)

638

684

Prepayments and accruals

7

-

7

-

7

7

Leases

4

-

4

-

4

5

Other

2

-

2

-

2

2

TOTAL

880

34

914

(118)

797

831

Current assets include a gross amount of €822 million in receivables due from related companies. Other receivables mainly correspond to the financial current accounts of subsidiaries in the amount of €751 million. Impairment movements for the year can be analysed as follows:

Reversals

Unused provisions 31/12/2022

31/12/2021

Allocations Provisions used

In millions of euros

Other receivables

81

118

(81)

-

118

2.4 Liabilities from operations Liabilities from operations break down according to the following maturities:

6

31/12/2022

31/12/2021

Between 1 and 5 years

< 1 year

Net amount

Net amount

In millions of euros

Operating liabilities

91

1

91

76

Trade and other payables

14

-

14

17

Tax and social‑security liabilities

76

1

77

59

Other payables

1,199

22

1,221

1,064

Amounts payable to fixed asset suppliers

1

-

1

2

Other

1,198

22

1,220

1,062

TOTAL

1,290

23

1,312

1,140

Other payables correspond mainly to financial current accounts of the subsidiaries amounting to €1,188 million.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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