Hermès - Registration Document 2016

5

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Nominal amounts of derivatives used to hedge foreign exchange risk

Market value of the contracts as at 31/12/2015 1

Nominal amounts of derivatives

Future cash flow hedge Fair value hedge

Unallocated

Total

In millions of euros

Options purchased US dollar put US dollar collar Chinese yuan put Chinese yuan collar Japanese yen put Japanese yen call Japanese yen collar Singapore dollar put Singapore dollar collar Hong Kong dollar put Hong Kong dollar collar

33.8

33.8

0.7 0.5 1.1 3.5 0.9 1.7 1.1 3.2 0.5 0.2

0.7 0.5 1.1 3.5 0.9 1.7 1.1 3.2 0.5 0.2 -

133.7

133.7

17.6 69.0 33.4

17.6 69.0 33.4

120.6

120.6

26.2

26.2

103.4

103.4

21.9 86.4

21.9 86.4

646.1

646.1

13.5

-

-

13.5

Forward currency agreements 2 US dollar

177.8

177.8

(6.3) (0.6) (2.2)

(0.0) (0.0)

(6.4) (0.6) (2.2)

Yuan

93.0 80.6 43.1 83.3 80.3 60.2 27.5 26.7 19.0 15.0 (9.2) 17.1 22.3

93.0 80.6 43.1 83.3 80.3 60.2 27.5 26.7 19.0 15.0 (9.2) 17.1 22.3

Yen

-

Singapore dollar Hong Kong dollar Pound sterling

0.2

(0.0) (0.1) (0.0)

0.2

(3.8) (0.6)

(3.9) (0.6)

Euro 3

0.7 0.1 1.6 0.1 3.2

0.1

0.8 0.1 1.6 0.1 3.2

Swiss franc

-

Canadian dollar

(0.0)

Thai baht

- - -

Rouble

South Korean won Australian dollar

(0.2)

(0.2) (0.1)

0.0 0.8

(0.1)

Others

-

0.8

736.9

736.9

(7.0)

-

(0.1)

(7.1)

Currency swaps 2 US dollar

77.2

73.3

(0.7) (1.1) (0.2) (0.3) (0.4)

(0.1) (0.0)

(0.8) (1.2) (0.2) (0.3) (0.4) (0.6)

Yuan

128.1

127.0

Yen

11.4 31.6 35.6 (5.9)

11.4 30.5 29.0 (8.1)

-

Singapore dollar Hong Kong dollar Pound sterling

(0.0) (0.1) (0.8)

0.2 0.0 0.0 0.0

Euro 3

8.6 7.0 2.4 5.0 3.6

9.0 6.0 2.0 4.9 3.6

0.0 0.0 0.0

0.0 0.0 0.0

Swiss franc

Canadian dollar

Thai baht

(0.0)

(0.0)

(0.0)

Rouble

0.2 0.0

-

0.2 0.0

Australian dollar

(11.2)

(10.3)

(0.0)

Others

3.4

3.4

(0.0) (2.3)

-

(0.0) (3.2)

296.7

281.8

- -

(0.9) (1.0)

TOTAL

1,679.6

1,664.7

4.2

3.2

(1) Gain/(Loss). (2) Sale/(Purchase). (3) Euro foreign exchange risk for subsidiaries having a different functional currency.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL