Hermès - Registration Document 2016

PARENT COMPANY FINANCIAL STATEMENTS

STATEMENT OF CASH FLOWS FOR 2016

STATEMENT OF CASH FLOWS FOR 2016

6.4

2016

2015

Notes

In millions of euros

Net income

1,091.2

842.8

Depreciation and amortisation

11.6

8.0

Change in provisions and impairment Capital gains/(losses) on disposals

11

112.7

117.8

76.2

0.3

Operating cash flows

1,291.7

968.9

Change in intra-group current accounts

(13.9)

10.0

Change in other receivables

8.9

(15.7)

Change in trade and other payables Change in working capital requirements

(10.8) (15.8)

4.7

(1.1)

NET CASH FLOWS FROM OPERATING ACTIVITIES

1,275.9

967.8

Purchase of intangible assets

6 6 7 7

(6.3) (3.8)

(6.4) (5.7)

Purchase of property, plant and equipment assets Investments in subsidiaries and associates

(34.1)

(193.2)

Purchase of other financial assets

(8.5) 39.4

(3.7) 21.1

Disposals

Change in receivables and payables related to fixed assets NET CASH FLOWS ALLOTTED TO INVESTING ACTIVITIES

0.2

0.7

(13.1)

(187.2) (833.9)

Dividends paid

(356.0) (108.1) (464.1)

Treasury share buybacks net of disposals

(5.2)

NET CASH FLOWS FROM FINANCING ACTIVITIES

(839.1)

CHANGE IN NET CASH POSITION

798.8 925.6

(58.5) 984.1 925.6 (58.5)

Net cash position at the beginning of the period Net cash position at the end of the period

13 13

1,724.4

CHANGE IN NET CASH POSITION

798.8

6

Financial liabilities relating to employee profit-sharing have been reclassified under other liabilities. 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.

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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