Hermès - Registration Document 2016

6

PARENT COMPANY FINANCIAL STATEMENTS

NOTE TO THE 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

In millions of euros

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

33.8

33.8

0.7 0.5 0.9 1.7 0.5 0.2 1.1 3.2 1.1 3.5 6.7 3.3 4.7 1.3 0.5 0.0

133.7

133.7

33.4

33.4

120.6

120.6

21.9 86.4 26.2

21.9 86.4 26.2

103.4

103.4

17.6 69.0

17.6 69.0

646.1

646.1

13.5

Forward currency agreements 2 US dollar

(156.9) (148.5) (105.2) (124.5)

(156.9) (148.5) (105.2) (124.5)

Yen

Hong Kong dollar Singapore dollar

Yuan

(84.1)

(84.1)

Swiss franc

7.8 2.7 1.5 1.3

7.8 2.7 1.5 1.3

Pound sterling Australian dollar

(0.0) (0.1)

Other

0.2

(605.7)

(605.7)

16.6

Treasury swaps 2 US dollar

7.2 0.1 0.3 2.5 2.6 2.2

3.4 0.1

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

Yen

Hong Kong dollar Singapore dollar

(6.3)

1.3 1.6 1.2

Yuan

Swiss franc

0.0

Pound sterling Australian dollar

(18.4) (11.3)

(20.6) (10.3)

(0.8)

0.0 0.0

Other

0.3

0.3

(14.5)

(29.4)

(0.9) 29.2

11.0

TOTAL

25.9

(1) Gain/(Loss). (2) (Purchase)/Sale.

15.2 Other financial commitments at 31 December 2016

31/12/2016

31/12/2015

In millions of euros

Bank guarantees given 1

0.7

0.8

Irrevocable commitments to purchase financial assets

21.6

20.3 79.8

157.3 179.6

Other commitments 2

TOTAL

100.9

(1) The guarantees assumed on behalf of subsidiaries are re-invoiced to the beneficiary subsidiaries. (2) The other commitments primarily relate to lease payments by Hermès International or by subsidiaries, for which Hermès International is the guarantor. The increase relative to 2015 is due to the update of guarantees given on the New York stores.

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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL