HERMÈS - 2019 Universal Registration Document
CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
28.3.5 ANALYSIS OF EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT OR LOSS
Post- employment plans
Post- employment plans
Other long-term benefits
Other long-term benefits
2019 16.5
2018 16.4
In millions of euros
Service costs Interest costs
15.0
1.5 0.3
15.2
1.2 0.2
2.7
3.0
2.2
2.4
Financial income on assets
(0.6) 19.9
-
(0.6) 20.1
(0.5)
- - - - -
(0.5)
(Gains)/Loss related to past service costs 1
0.2
0.5
0.5
Change in scope
- -
-
-
- -
- -
Net actuarial (gains)/losses recognised
1.9
1.9 0.2
Administrative expenses
0.2
-
0.2
0.2
Expense on post-employment and similar benefit obligations
37.2 19.0 Corresponds mainly to the impact of the vesting of rights in respect of certain plans following the entry into force of the French PACTE law and the Order of 3 July (1) 2019. 3.9 41.1 17.6 1.4
Plan assets 28.4 The weighted average breakdown of plan assets by investment type is as follows:
31/12/2019
31/12/2018
Value
Breakdown
Value
Breakdown
In millions of euros
Shares
6.3
10% 70% 20%
5.6
10% 70% 20%
Obligations
44.1 12.6 63.0
38.9 11.1 55.5
Other TOTAL
100%
100%
5
Information by geographical area 28.5
31/12/2019
31/12/2018
Value
Breakdown
Value
Breakdown
In millions of euros
France
215.4
61% 21% 15%
148.8
58% 22% 17%
Europe (excl. France)
75.5 51.1
58.0 44.7
Japan
Asia-Pacific (excl. Japan)
8.5 0.7
2% 0%
6.4 0.5
2% 1%
Americas
Present value of obligations
351.2
100% 258.4
100%
France
15.9 46.6
25% 74%
14.5 40.6
26% 73%
Europe (excl. France)
Asia-Pacific (excluding Japan) Fair value of hedge assets
0.5
1%
0.5
1%
63.0
100%
55.5
100%
France
199.5
69% 10% 18%
134.3
66%
Europe (excl. France)
28.9 51.1
17.4 44.7
9%
Japan
22%
Asia-Pacific (excl. Japan)
8.0 0.7
3% 0%
5.9 0.5
3% 0%
Americas
Provisions for post-employment and similar benefit obligations
288.2
100% 202.9
100%
2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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