Hermès - Registration Document 2016

PARENT COMPANY FINANCIAL STATEMENTS

NOTE TO THE FINANCIAL STATEMENTS

EQUITY

NOTE 10

As at 31 December 2016, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each, or the same as at 31 December 2015.

PROVISIONS

NOTE 11

Reversals

Provisions not used

31/12/2015

Depreciations

Provisions used

31/12/2016

Note

In millions of euros

Provisions for impairment

443.7 433.2

144.1

-

(12.6)

575.3 481.9

Financial assets

7

53.8 90.4

(5.0) (7.6) (0.2) (0.2) (2.5)

Trade and other receivables Regulated provisions Accelerated depreciation Provisions for contingencies 1

10.5

93.3

0.4 0.4

0.2 0.2

-

0.4 0.4

196.1 640.3

78.8

(95.1) (95.1)

177.2 753.2

TOTAL

223.2

(15.3)

(1) Provisions for contingencies mainly include the cost of free share allocation plans granted in May 2012 and 2016 as well as retirement benefits and expenses associated with the supplementary pension plan for senior executives and senior managers. These amounts are periodically paid over to pension funds.

ANALYSIS OF LIABILITIES BY MATURITY

NOTE 12

31/12/2016

31/12/2015

> 1 year and < 5 years

< 1 year

Net amount

Net amount

In millions of euros

6

Financial debts Bank borrowings 1

2.6 0.5 2.2

19.7

22.3

34.0 13.9 20.1 73.2 30.0 43.2

-

0.5

19.7

21.9 54.5 18.3 36.2

Miscellaneous borrowings and financial liabilities 2

Operating liabilities

53.1 18.3 34.9

1.4

Trade and other payables 3

1.4 5.0

Tax and social security liabilities 4

Miscellaneous liabilities

338.2

343.2

112.6

Amounts payable to fixed asset suppliers

2.3

2.3

2.1

335.9 394.0

5.0

340.9 420.0

110.5 219.8

Others 5

TOTAL

26.1

(1) Bank overdrafts. (2) Funds held in trust for employees under the statutory employee profit-sharing plan. (3) Including €8.6 million in invoices not yet received and €2.9 million with related companies. (4) Including €21.8 million in tax and employee-related provisions payable. (5) Mainly comprise financial current accounts of subsidiaries amounting to €333.5 million.

2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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