Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

PARENT COMPANY FINANCIAL STATEMENTS ACCOUNTING PRINCIPLES

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of contracts as at 31/12/2021 1

Nominal amounts of derivatives

In millions of euros

Options purchased Chinese yuan puts

99

99

1

Chinese yuan collars

296

296

(3)

US dollar puts

65

65

-

US dollar collars

259

259

(2)

Singapore dollar puts

57

57

-

Singapore dollar collars

227

227

(1)

Hong Kong dollar puts

48

48

-

Hong Kong dollar collars

193

193

(1)

Japanese yen puts

38

38

1

Japanese yen collars

191

191

3

1,472

1,472

(1)

2

Forward foreign exchange contracts Chinese yuan

(380)

(380)

32

US dollar

(312)

(312)

17

Singapore dollar

(278)

(278)

14

Hong Kong dollar

(238)

(240)

12

Japanese yen

(224)

(224)

1

Other

25

25

(1)

(1,406)

(1,408)

74

2

Currency swaps Hong Kong dollar

(322)

(323)

3

US dollar

(231)

(230)

4

Singapore dollar

(32)

(32)

-

6

Chinese yuan

25

(11)

(0)

Swiss franc

46

46

(0)

Japanese yen

-

-

-

Other

43

33

(0)

(470)

(518)

6

TOTAL

(405)

(455)

79

(1) Gain/(Loss). (2) (Purchase)/Sale.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

465