Hermès - Registration Document 2016

4

COMMENTS ON THE FINANCIAL YEAR AND OUTLOOK

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS, ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS, ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES

4.3

INFORMATION ON PARENT COMPANY FINANCIAL STATEMENTS

INFORMATION ON ACCOUNTS PAYABLE DUE DATES

4.3.1

4.3.2

The parent company financial statements as presented were approved by the ExecutiveManagement on 7 February 2017 andwill be submitted to the shareholders for approval at the General Meeting of 6 June 2017. The parent company financial statements were also reviewed by the Audit Committee at its meeting of 16 March 2017. Revenue Revenue amounted to €177.6 million in 2016, as compared with €207.2 million in 2015. The Company’s revenue consists of sales of services that are charged back toGroup subsidiaries for advertising andpublic relations, rent, staff provided on secondment, insurance and professional fees and of royal- ties on the revenue of the production subsidiaries. Statement of financial position and statement of profit or loss Hermès International’s statement of financial position and statement of profit or loss appear on pages 214 to 215. The parent company financial statements are drawn up in accordance with the provisions of French laws and regulations and with generally accepted accounting principles. As at 31 December 2016, total assets amounted to €3,465.6 million compared with €2,544.5 million as at 31 December 2015. The state- ment of profit or loss shows net income of €1,091.2 million, compared with €842.8 million in 2015. As at 31 December 2016, share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each. 4.3.1.1 4.3.1.2

In application of Articles L. 441-6-1, D. 441-4 and D. 823-7-1 of the French Commercial Code ( Code de commerce ), the breakdown of the balance of debt with regard to suppliers bymaturity is given on page 226.

INFORMATION ON SUBSIDIARIES AND ASSOCIATES

4.3.3

A list of companies whose registered office is located in French territory and in which the Company owns a material interest, whether directly or indirectly, is provided in the notes to the parent company financial state- ments (pages 234 and 235). Activity of subsidiaries TheactivitiesofthemainsubsidiariesoftheGroupareshownonpage15. Equity investments in companies having their registered office in france (Art. L. 233-6 of the french commercial code ( Code de commerce )) In 2016, Hermès International and its subsidiaries made equity invest- ments in companies having their registered office in France: s Compagnie Hermès de Participations 2 has acquired a mino- rity stake in the share capital of Maison Pierre Hardy (33% at 31 December 2016). 4.3.3.1 4.3.3.2

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL