Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

NOTE 6

Accounting principles Intangible assets include software and the cost of websites, which are amortised on a straight‑line basis over a period of between one and four years. Property, plant and equipment are valued at their acquisition cost. Depreciation is calculated using the straight‑line or declining balance method:

building fixtures and fittings: straight‑line method over 10 to 40 years; s office furniture and equipment: straight‑line or declining‑balance method over 4 to 10 years; s IT equipment: straight‑line or declining balance over one to five years; s vehicles: straight‑line method over 4 years. s

buildings: straight‑line over 30 years; s

31/12/2021

Increases

Decreases

Other

31/12/2022

In millions of euros

Intangible assets

101

24

-

-

125

Software

72

21

-

1

93

Other intangible assets

29

3

(0)

(1)

32

Property, plant and equipment

69

4

(0)

(0)

74

Land

0

0

Buildings

0

0

Fittings

43

2

(0)

1

46

Other property, plant and equipment

25

3

(0)

(1)

27

Total gross values

170

29

(0)

(0)

199

Amortisation of intangible assets

(55)

(21)

0

0

(76)

Software

(36)

(16)

(52)

Other intangible assets

(19)

(5)

0

(24)

Depreciation of property, plant and equipment

(38)

(5)

0

0

(43)

Buildings

(0)

(0)

6

Fittings

(24)

(3)

(27)

Other property, plant and equipment

(14)

(2)

0

(16)

Total depreciation and amortisation

(93)

(25)

0

0

(118)

Impairment

-

-

Total impairment

-

-

-

-

-

TOTAL NET VALUES

77

3

(0)

(0)

80

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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