Hermès - Registration Document 2016

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

INTANGIBLE ASSETS

NOTE 11

Exchange rate impact

31/12/2015

Increases 1

Decreases

Others

31/12/2016

In millions of euros

Leasehold rights

69.9 72.0

-

(0.9) (0.7) (2.1) (3.7) (0.6) (0.7) (2.0) -

1.2 0.5 3.5 0.0 5.2 0.9 0.4 2.6 0.0 3.9 1.3

(2.9) 84.3

67.2

Concessions, patents, licences and software

22.5

178.6

Other intangible assets Assets under construction TOTAL GROSS VALUES

151.9

8.3

(76.1)

85.5 22.1

13.1

16.1 47.0

(7.2) (1.9) (2.6) 37.2

306.9

353.5

Amortisation of leasehold rights

40.7 50.5 90.6

2.8

41.2

Amortisation of concessions, patents, licences and software

28.6

116.0

Amortisation of other intangible assets

8.7 6.6

(36.1)

63.9 10.3

Impairment losses

2.7

-

1.0

TOTAL AMORTISATION AND IMPAIRMENT

184.6 122.3

46.7

(3.3) (0.4)

(0.5) (1.3)

231.4 122.1

TOTAL NET VALUES

0.2

(1) Investments mainly relate to the acquisition and/or implementation of integrated management software packages in accordance with IAS 38; the relevant assets are presented under “Concessions, patents, licences and software” as at 31 December 2016.

PROPERTY, PLANT AND EQUIPMENT

NOTE 12

Exchange rate impact

31/12/2015

Increases 1

Decreases

Others

31/12/2016

In millions of euros

Land

162.5 784.6 293.0 709.3 320.2

0.6

(0.4) (3.1)

6.7

0.4 2.2

170.0 819.3 299.5 752.3 344.4

Buildings

23.8 26.6 77.9 27.2 59.1 33.0 20.4 74.1 33.8 21.4

11.8 (4.6)

Industrial machinery, plant and equipment

(14.2) (77.0)

(1.3) 35.4

Store fixtures and furnishings

6.8 1.2 0.2

Other property, plant and equipment assets

(6.1) (8.9)

2.0

Assets under construction TOTAL GROSS VALUES Depreciation of buildings

60.9

(42.6)

68.7

2,330.5

215.2 (109.7)

22.1

(3.9) (1.4) (4.0) (5.1) (2.4) (3.4) (0.5) 9.6

2,454.2

265.9 167.6 382.7 188.9

(4.2)

4.9

298.2 167.9 385.1 211.6

Depreciation of plant, machinery and equipment Depreciation of store fixtures and furnishings Depreciation of other property, plant and equipment

(14.1) (84.4)

(2.0)

3.0 0.7 0.1 6.7

(6.8) (0.3)

38.1

56.9

Impairment losses 2

TOTAL AMORTISATION AND IMPAIRMENT

1,043.1 1,287.4

182.9 (109.7)

1,119.6 1,334.6

TOTAL NET VALUES

32.3

0.0

15.4

(1) Investments made during the year related mainly to the opening and renovation of stores and capital expenditure to expand production capacity. (2) Impairment losses relate to production lines and stores deemed not to be sufficiently profitable. It is noted that the cash generating units on which impairment losses have been recognised are not individually material when compared with the Group’s overall business.

No item of property, plant or equipment has been pledged as debt collateral. Furthermore, the amount of such assets in temporary use is not material when compared with the total value of property, plant and equipment.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL