HERMÈS - 2019 Universal Registration Document

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CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Fair value and hierarchy by level of fair value 25.4 of financial assets and liabilities The assets and liabilities recorded at fair value are classified according to the following three fair value levels: level 1 : prices listed on an active market. If listed prices in an active s market are available, they are used as a priority in order to determine market value;

level 2 : internal model with parameters observable using internal s valuation techniques. These techniques require the use of the usual mathematical calculation methods that include data that can be observed within the markets (future prices, yield curve, etc.). The calculation of most financial derivatives traded within markets is performed on the basis of models that are commonly used by participants in order to assess these financial instruments; level 3 : internal model with non-observable parameters. s For 2019 and 2018, there were no transfers between levels 1 and 2 for financial assets and liabilities recognised at fair value.

2019

Assets at Fair Value through profit or loss 1 2

Financial assets at amortised cost

Liabilities at amortised cost

Non-recyclable financial assets at Fair Value through equity

Net carrying amount

Effective interest rate

Liabilities at Fair Value 2

Fair value

Evaluation level

Interest rate

Note

In millions of euros

Financial investments

10.0 180 3

143.7

- - -

- - -

333.9 333.9 12.0 12.0

2 1 2

- - -

- - -

Liquidity contract

12.0

- -

- -

Other financial assets Other non-consolidated investments Financial assets Loans and deposits Trade and other receivables Foreign currency derivative assets Cash and cash equivalents Bank overdrafts Other borrowings Financial debts Trade payables and other liabilities Loan Brazil

1.4

1.4

1.4

-

-

10.2

- - -

- - -

10.2 10.2 357.4 357.4 58.1 58.1

2

-

-

17 23.4 180.0

153.9

19

-

58.1

-

2

-

-

21

-

547.8

-

-

-

547.8 547.8

-

-

-

25.2.3 36.5

-

-

-

-

36.5 36.5

2

22 1,608.2 2,776.0

- - - - -

- - - - -

- 4,384.2 4,384.2

1

-

- -

25 25 25 25

- - - -

- - - -

(12.6)

(12.6)

(12.6)

- - -

4

(7.8) (1.0)

(7.8) (1.0)

(7.8) (1.0)

7.1% 7.1% 1.6% 1.6%

(21.5)

(21.5)

(21.5)

-

-

29

-

-

-

- (1,673.1) (1,673.1) (1,673.1)

-

-

-

Foreign currency derivative liabilities 25.2.3

- - Classification in the category Assets at fair value through profit or loss is imposed in accordance to IFRS 9 depending on the business model for these assets. (1) Before hedge accounting. (2) Comprised of EMTNs and term deposits not meeting the criteria of cash and cash equivalents. (3) Interest rates correspond to floating rates. (4) - - (47.1) - (47.1) (47.1) 2 -

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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