HERMÈS - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Market value of the contracts as at 31 December 2018 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 Japanese yen puts Japanese yen collars US dollar puts Calls US dollars US dollar collars Chinese yuan puts Chinese yuan collars Singapore dollar puts Singapore dollar collars Hong Kong dollar puts Calls Hong Kong dollars Hong Kong dollar collars

28.9

28.9

0.4

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

- -

0.4

201.1 128.8 (62.6) 123.2

201.1

(0.5)

(0.5)

35.5

0.8

0.3 1.0

1.1 1.0 1.7 0.8 4.0 0.3 1.0 0.5 0.6 0.9

123.2

1.7 0.8 4.0 0.3 1.0 0.4

- - - - -

15.2

15.2

167.6

167.6

20.0

20.0

140.3

140.3

83.7

23.5

0.1 0.6

(40.3)

-

-

82.0

82.0

0.9

-

887.9

837.3

10.0

-

2.0

12.0

Forward currency agreements 2 US dollar

353.5 199.4 158.6 126.2 117.7 106.4

353.5 199.4 159.9 126.2 119.5 106.4

(12.9)

(0.3)

(0.0)

(13.2)

Yuan

(3.4) (7.3) (4.4) (9.0)

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

-

(3.4) (7.3) (4.4) (9.1)

Hong Kong dollar

(0.0)

Yen

-

Singapore dollar Pound sterling

(0.1) (0.0)

0.6

0.6

Swiss franc

51.9 80.0 42.1 37.9 32.9 60.8

52.0 80.0 42.1 37.9 32.9 60.8

(1.6)

0.0

(1.6)

Euro 3

3.4

(0.1)

3.3

Canadian dollar Australian dollar

(0.0)

- - -

(0.0)

5

2.4

2.4

Thai baht

(0.3)

(0.3)

Other currencies

0.2

(0.0) (0.2)

0.2

1,367.3

1,370.6

(32.4)

(0.3)

(32.9)

Currency swaps 2 US dollar

(218.9)

(232.1)

(1.3)

0.1 0.0

(1.1)

Yuan

127.7

127.7

0.8

0.8

Yen

18.2 63.9 31.7 51.6 74.1

17.8 57.6 31.0 42.8 44.8

(0.4)

(0.0)

(0.4)

Singapore dollar Hong Kong dollar Other currencies

0.0 0.3 0.3

0.0 0.0 0.0 0.2

0.0 0.3 0.4

(0.2)

(0.0)

Options sold US dollar puts US dollar calls

(93.3)

- - - - -

- - - - -

(0.3) (1.0) (0.1) (0.6) (2.0) (0.1)

(0.3) (1.0) (0.1) (0.6) (2.0)

62.6

Hong Kong dollar puts Hong Kong dollar calls

(60.2)

40.3

(50.7)

TOTAL

2,278.7

2,252.6

(22.6)

(0.3)

(23.0)

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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