Hermès - Registration Document 2016

6

PARENT COMPANY FINANCIAL STATEMENTS

NOTE TO THE FINANCIAL STATEMENTS

15.1.1 Net currency position

Monetary assets/ (liabilities)

Net position after hedging

Future cash flows

Net position before hedging

Hedging ratio 10% sensitivity

Derivatives 1

In millions of euros

As at 31/12/2016 Hong Kong dollar

(103.2)

3.4

(99.8) (78.9) (27.5)

100.1

0.4

100% 100% 101%

0.0

US dollar

(90.7) (29.9)

11.9

78.8 27.8 (6.6) (8.1)

(0.1)

(0.0)

Pound sterling

2.5 6.4 4.0 7.9 5.6 0.8 1.7 0.4 0.2 0.1

0.4 2.3 0.5

0.0 0.3 0.1

Yen

2.4 4.6 0.6 1.6 0.3 0.1 0.1 0.0 0.1 0.0

8.8 8.6 8.5 7.3 1.1 0.4 0.3 0.1 0.1 0.0

74% 94%

Yuan

Swiss franc

(10.8)

(2.3) (0.4)

127% 105%

(0.3) (0.0)

Singapore dollar Canadian dollar Australian dollar Mexican peso Thai baht Turkish lira Czech crown Emirati dirham Rouble

(7.7) (0.9)

0.3

77% 42%

0.0

(2.4)

(0.7)

0.3

(0.4) (0.2) (0.1)

(0.0) (0.0) (0.0)

(0.6) (0.5)

144% 140%

0.0

0.1 0.1

(0)%

0.0 0.0

-

(0.0) (0.0)

0%

0.0

(0.0) (0.0)

100%

(0.0) (0.0)

(0.0)

-

(0.0)

-

-

Summary

(216.4)

45.0

(171.4)

171.9

0.5

100%

0.1

As at 31/12/2015 US dollar

10.9

18.0

(17.9)

0.1

99%

0.0

7.1

Pound sterling Australian dollar

(18.5) (11.4)

2.7 1.6 7.8 5.1 5.6 2.5 3.1 0.7 0.4 0.2 0.0 0.1

(15.7)

15.7

(0.0) (0.1) (0.9) (0.3)

100%

(0.0) (0.0) (0.1) (0.0)

(9.9)

9.7

99%

Swiss franc

1.3 2.1 1.1 2.8 0.3 0.3 0.1 0.3 0.1 0.0 0.0

9.1 7.3 6.7 5.3 3.3 1.0 0.5 0.5 0.1 0.1 0.0

(10.0)

110% 105%

Singapore dollar

(7.6) (5.7) (5.1) (3.3) (0.7) (0.5) (0.3) (0.1) (0.0)

Yen

1.0 0.2

85% 97%

0.1 0.0

Yuan

Hong Kong dollar Canadian dollar

(0.0)

100%

(0.0)

0.3 0.0 0.2 0.0 0.1 0.0

71% 98% 61% 75% 36%

0.0 0.0 0.0 0.0 0.0 0.0

Mexican peso

Rouble

Czech crown Thai baht Turkish lira Emirati dirham

- -

- -

- -

(0.0)

(0.0) 26.4

(0.0)

(0.0)

Summary

(14.3)

40.8

(25.9)

0.5

98%

0.1

(1) Purchase/(Sale).

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL