Hermès - Registration Document 2016

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

20.2 Foreign currency adjustments

The change in foreign currency adjustments in 2016 is analysed below:

31/12/2016

31/12/2015

In millions of euros

Balance as at 1 January

165.3

47.7 22.7 38.0

Yen

9.0

US dollar

16.0 (3.7)

Yuan

4.1

Rouble

3.1

(1.7)

Pound sterling Macao pataca

(31.5)

4.5 6.3

1.9 1.5 1.4

Swiss franc

16.0 17.9 15.3 (5.6)

Singapore dollar Hong Kong dollar Other currencies

(0.9)

1.1

Balance as at 31 December

163.3

165.3

20.3 Financial instruments

In 2016, changes in derivatives and financial investments were broken down as follows (after tax):

2016

2015

In millions of euros

Balance as at 1 January

22.2 (1.9)

(13.5)

Amount transferred to equity in the year in respect of derivatives Amount transferred to equity in the year in respect of financial investments Adjustments in the value of derivatives at the end of the period Other deferred foreign exchange gains/(losses) recognised in comprehensive income

17.4

5

0.0

0.0 1.9

(6.3)

(11.1)

16.3 22.2

Balance as at 31 December

2.8

20.4 Income and expenses recognized directly in equity

In 2016, income and expenses recognized directly in equity was broken down as follows:

Gross impact

Tax effect

Net impact

Notes

In millions of euros

Actuarial gains and losses Foreign currency adjustments

25.3.4

(14.4)

3.1

(11.3)

20.2 20.3

(2.3)

-

(2.3)

Financial instruments attributable to equity

(29.0)

9.7

(19.4)

Other items

-

-

-

Balance as at 31 December 2016

(45.7)

12.7

(32.9)

And for 2015

Gross impact

Tax effect

Net impact

Notes

In millions of euros

Actuarial gains and losses Foreign currency adjustments

25.3.4

(14.0) 117.6

4.8

(9.2)

20.2 20.3

-

117.6

Financial instruments attributable to equity

55.3

(19.6)

35.7

Other items

-

-

-

Balance as at 31 December 2015

158.9

(14.9)

144.0

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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