Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
PARENT COMPANY FINANCIAL STATEMENTS ACCOUNTING PRINCIPLES
RELATED‑PARTY TRANSACTIONS
NOTE 11
In addition, Hermès International charges Émile Hermès SAS for certain service provisions and expenses incurred. Hermès International charged back €0.5 million in 2022: trademark license agreements: Hermès International receives brand royalties from Hermès Sellier (€266 million), Comptoir Nouveau de la Parfumerie (€22 million) and La Montre Hermès (€13 million); s Studio des Fleurs: Studio des Fleurs offers photography and retouching services for packshots of e‑commerce products. The amounts paid in 2022 came to €3.1 million. s
Related‑party transactions were not material during financial year 2022 in comparison with the overall results of Hermès International. The companies mentioned below are considered related parties insofar as certain members of management of the Company or certain members of the Supervisory Board or Executive Management Board of Émile Hermès SAS have personal interests therein and exercise significant influence. The most significant relationships with related parties are summarised as follows: Émile Hermès SAS, Active Partner (see chapter 3 “Corporate governance”, §3.3.1): each year, Hermès International pays 0.67% of its distributable profits for the financial year to the Active Partner. s
EVENTS AFTER THE REPORTING PERIOD
NOTE 12
None.
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2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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