HERMÈS - 2019 Universal Registration Document

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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

25.2.3 ANALYSIS OF CURRENCY AGREEMENTS

Market value of the contracts as at 31 December 2019 1

Nominal amounts of derivatives

Nominal amounts of derivatives used to hedge foreign exchange risk

Future cash flow hedge

Fair value

hedge Unallocated

Total

In millions of euros

Options purchased US dollar puts US dollar collars Chinese yuan puts Chinese yuan collars Japanese yen puts Japanese yen collars Singapore dollar puts Singapore dollar collars Hong Kong dollar puts Hong Kong dollar collars

50.7

50.7

1.3 4.5 0.9 4.2 0.6 2.7 0.7 1.6 0.7 2.3

- - - - - - - -

-

1.3 4.5 0.9 4.2 0.6 2.7 0.7 1.6 0.7 2.3

279.0

279.0

- - - - -

20.0

20.0

220.4

220.4

32.1

32.1

236.8

236.8

46.8

46.8

-

232.1

232.1

-

32.6

32.6

- - -

-

177.8

177.8

-

1,328.3

1,328.3

19.5

-

19.5

Forward currency agreements 2 US dollar

339.2

339.2

(3.5)

(0.2)

-

(3.7)

Euro 3

(336.6)

(336.6)

6.4

- - - - - - - - - - - - - - - - - - -

(0.1)

6.3

Yuan

249.4 148.5 134.1 130.9 126.6

249.4 148.5 134.1 130.9 126.6

(3.3) (6.9) (6.0) (5.8) (0.8) (1.6) (1.8)

- - - - - - - - - -

(3.3) (6.9) (6.0) (5.8) (0.8) (1.6) (1.8)

Singapore dollar Hong Kong dollar Pound sterling

Yen

Swiss franc

59.1 48.5 45.6 41.2 81.2

59.1 48.5 45.6 41.2 81.1

Canadian dollar Australian dollar

0.9

0.9

Thai baht

(1.7) (5.1)

(1.7) (5.1)

Other

1,067.6

1,067.6

(29.2)

(0.2)

(0.1)

(29.5)

Currency swaps 2 US dollar

14.3

(7.9)

(0.0)

0.3

0.3 0.1 0.0 0.2 0.0

Yuan

140.3

141.0

0.1 0.0 0.2 0.0

- - - - - -

Singapore dollar Hong Kong dollar

22.8 22.1 22.6 61.5 49.3

22.8 22.1 21.1 62.2 45.8

Yen

Australian dollar

(1.1) (0.1) (0.9)

(1.0) (0.2) (0.6)

Other

332.9

307.1

0.3 0.2

TOTAL

2,728.8

2,703.1

(10.6)

(0.2)

(10.6)

Gain/(Loss). (1) Sale/(Purchase). (2) Euro foreign exchange rate risk for subsidiaries that have a different functional currency. Exceptionally, this may include internal transactions in euros, excluding sales (3) of goods with subsidiaries that have a different functional currency.

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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