HERMÈS - 2019 Universal Registration Document

PARENT COMPANY FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

SHARE CAPITAL

NOTE 12

As at 31 December 2019, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of €0.51 each, or the same as at 31 December 2018.

FREE SHARE PLANS

NOTE 13

The information relating to the free share plans is provided in section 3.5.5 of this document (Table 9.1). In 2019, operating income included a net expense of €19.0 million (compared with €12.5 million in 2018).

After taking income and expenses relating to the French and foreign subsidiaries into account, the net impact of the free share plans on net income before tax is an expense of €41.0 million in 2019, compared with an expense of €3.9 million in 2018.

PROVISIONS AND IMPAIRMENT

NOTE 14

Reversals

Provisions used

Provisions not used

Note

31/12/2018

Depreciations

31/12/2019

In millions of euros

Provisions for impairment

675.9 629.1

152.6

(50.2) (28.9) (21.4) (50.1)

-

778.2 693.9

Financial assets

9

93.7 58.9

Trade and other receivables

46.8

84.3

Provisions for risks and expenses

303.5 150.3 114.5

109.2

(12.4)

350.2 223.2

Free share plans

82.4

(9.5)

Net negative position of subsidiaries Other provisions for risks and expenses 1

4.3

(46.2)

72.6 54.4

38.8

22.5

(3.9)

(2.9)

Other provisions for risks and expenses mainly includes retirement. (1)

BREAKDOWN OF LIABILITIES BY MATURITY

NOTE 15

31/12/2019

31/12/2018

between 1 and 5 years

6

< 1 year

Net amount

Net amount

In millions of euros Financial debts Bank borrowings

4.8 0.6 4.2

19.5

24.3

23.2

-

0.6

0.3

Miscellaneous borrowings and financial liabilities 1

19.5 14.8

23.7

22.9 79.0 25.1 53.9

Operating liabilities

228.0

242.7

Trade and other payables

19.6

-

19.6

Tax and social-security liabilities

208.4 400.1

14.8 13.1

223.2 413.2

Miscellaneous liabilities

527.2

Amounts payable to fixed asset suppliers

2.3

-

2.3

2.3

Other 2 TOTAL

397.8 632.9

13.1 47.3

410.9 680.2

524.9 629.4

Funds held in trust for employees under the statutory employee profit-sharing plan. (1) Mainly financial current accounts of the subsidiaries amounting to €391 million. (2)

2019 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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