HERMÈS - 2019 Universal Registration Document

6

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

FINANCIAL ASSETS

NOTE 9

31/12/2018

Increases

Decreases

Other 31/12/2019

Note

In millions of euros Investments 1

1,280.9

101.7

(33.3) (35.0) (35.0)

- -

1,349.3

Other financial assets Financial investments

199.2 168.4

86.4 82.2

250.6 215.7

Treasury shares (including liquidity contract) 2

26.6

0.7 3.4 0.0

27.3

Deposits and guarantees Other long-term investments

4.2 2.7

7.6 2.8

(0.0)

- - - -

TOTAL GROSS VALUES

1,482.9 (629.1)

188.1 (93.7) 188.1

(68.3)

1,602.7 (693.9)

Impairments

14

28.9

TOTAL NET VALUES

853.8

(68.3)

908.8

Details of the portfolio of investment securities are presented in Note 6.6. The main changes in the year are shown in the notes below: The increase concerns mainly the recapitalization of the subsidiary Castille Investissements. The decrease concerns the internal disposal of shares of Manufacture de (1) Haute Maroquinerie and Maroquinerie de Belley. As at 31 December 2019, Hermès International held 86,032 treasury shares (liquidity contract and unallocated shares intended for external growth operations). (2) These shares were valued on the basis of their acquisition price. The average price of treasury shares at 31 December 2019 was €317.23.

BREAKDOWN OF ASSETS BY MATURITY

NOTE 10

31/12/2019

31/12/2018

Gross amount Impairment 250.6 (13.6) 863.2 (84.3)

< 1 year between 1 and 5 years

Net amount

Net amount

Note

In millions of euros

Other financial assets

9

-

250.6

237.0 779.0

191.2 693.7

Current assets 1

153.7

38.6

Trade and other receivables Other operating receivables Miscellaneous receivables 2 Prepayments and accruals

74.9 78.8

3.4

78.2

- -

78.2

82.4

35.2

114.0

114.0 586.7

102.8 508.6

- - - - -

671.0 (84.3)

-

4.3

- - - -

4.3

6.9 1.9 3.0 1.9

Communication fees

-

-

Leases Other TOTAL

3.1 1.1

3.1 1.1

153.7

289.2

1,118.1 (97.9)

1,020.2

891.8

Current assets include a gross amount of €832 million in receivables due from related companies. (1) Miscellaneous receivables consist of financial current accounts of subsidiaries. (2)

MARKETABLE SECURITIES

NOTE 11

31/12/2019

31/12/2018

In millions of euros

Open-ended investment companies (SICAVs) and mutual funds

698.3

240.5

Negotiable debt securities

2,333.8

1,678.9

Treasury shares 1

481.5

438.7

TOTAL GROSS VALUES

3,513.6

2,358.1

Impairments

-

-

TOTAL NET VALUES 2,358.1 Treasury shares correspond to 1,275,597 Hermès International shares held under free share allocation plans for employees (compared with 1,229,840 shares at (1) 31 December 2018). These shares were valued on the basis of their acquisition price. The average price of treasury shares at 31 December 2019 was €377.46. During 2019, Hermès International acquired 84,757 shares for an amount of €52.4 million and granted 39,000 free shares to employees for an amount of €9.6 million. 3,513.6

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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