Hermès - Registration Document 2016

6

PARENT COMPANY FINANCIAL STATEMENTS

STATEMENT OF PROFIT OR LOSS FOR 2016

STATEMENT OF PROFIT OR LOSS FOR 2016

6.1

2016

2015

Notes

In millions of euros

2

Operating income

332.2 177.6

249.2 207.2

Revenue

Other products

2.1

0.8

Reversals of provisions and expenses reclassified

152.6 331.2

41.2

Operating expenses

264.1

Other purchases and external expenses

99.1

99.2

Tax and duties Compensation

7.3

6.2

47.0

45.6 55.3 52.7

Social security and similar expenses

3

105.0

Amortisation, depreciation, provisions and impairment

71.0

Other expenses

1.8 1.0

5.2

NET OPERATING INCOME/(LOSS)

(14.9)

Financial income

1,267.2 1,225.9

1,015.1

Income from subsidiaries and associates Other interest and similar income Reversals of provisions and impairment

931.0

2.3

6.2

11

12.0 26.9

46.6 30.6

Foreign exchange gains

Net income from disposals of marketable securities

0.2

0.6

Financial expenses

179.8 158.0

123.7 122.2

Additions to provisions and impairment

11

Foreign exchange losses

21.2

-

Interest and similar expenses NET FINANCIAL INCOME RECURRING OPERATING INCOME

0.7

1.5

1,087.4 1,088.4

891.4 876.5

Extraordinary income Extraordinary expenses

135.6 123.2

18.6 20.2 (1.6)

NET EXTRAORDINARY INCOME

4

12.5

NET INCOME BEFORE TAX AND EMPLOYEE PROFIT-SHARING

1,100.9

874.9

Employee profit-sharing

(3.9) (5.8)

(3.9)

Income tax

5

(28.3) 842.8

NET INCOME

1,091.2

N.B.: the values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy on the level of the totals or changes.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL