Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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PARENT COMPANY FINANCIAL STATEMENTS ACCOUNTING PRINCIPLES

SHARE CAPITAL

NOTE 9

As at 31December 2022, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each, unchanged from 31December 2021.

PROVISIONS FOR RISKS AND EXPENSES AND OFF‑BALANCE SHEET COMMITMENTS

NOTE 10

Accounting principles Provisions for risks and charges mainly include the cost of pensions and retirement benefits as well as the annual provision for free share plans for all Group employees. This provision is transferred to

personnel costs for the share of Hermès International employees and transferred to extraordinary income for the other beneficiary employees of subsidiaries.

10.1 Provisions for risks and expenses

Reversals

Provisions used

Unused provisions

Note

31/12/2021 Allocations

31/12/2022

In millions of euros

Free share plans

3.4

101

39

140

Provisions for pensions, retirement benefits and medals

3.3

121

4

(20)

(26)

78

Net negative position of subsidiaries

31

37

(31)

37

Other provisions for risks and expenses

12

10

(1)

(9)

12

PROVISIONS FOR RISKS AND EXPENSES

264

90

(52)

(36)

267

10.2 Off‑balance sheet commitments

31/12/2022

31/12/2021

In millions of euros

Bank guarantees given

12 13

2 9

Irrevocable commitments to purchase financial assets

Other commitments

275 300

149 160

TOTAL

The bank guarantees subscribed on behalf of the subsidiaries are the subject of commissions that are re‑invoiced to them. The other commitments mainly concern real estate leases signed or guaranteed by Hermès International.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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