Hermès - Registration Document 2016
5 Consolidated financial statements AFR 159 5.1 Consolidated statement of profit or loss for 2016 160 5.2 Consolidated statement of other comprehensive income 161 5.3 Consolidated statement of financial position as at 31 december 2016 162 5.4 Consolidated statement of changes in equity as at 31 december 2016 164 5.5 Consolidated statement of cash flows 166 5.6 Notes to the consolidated financial statements 168 5.7 Statutory Auditors’ report on the consolidated financial statements 210 6 Parent company financial statements 213 6.1 Statement of profit or loss for 2016 214 6.2 Statement of financial position as at 31 December 2016 AFR 215 6.3 Changes in equity in 2016 AFR 216 6.4 Statement of cash flows for 2016 AFR 217 6.5 Note to the financial statements AFR 218 6.6 List of investments in subsidiaries and associates as at 31 December 2016 232 6.7 Table of subsidiaries and associates as at 31 December 2016 AFR 234 6.8 Table of results over the last five financial years 238 6.9 Statutory auditors’ report on the annual financial statements AFR 239
Message from the Executive Management
5 6
Highlights for 2016
1 Overview of the Group AFR
9
Stages of the Group’s history
10 13 15 23 29 32 32 33 37 38 41 44 56 63 81
1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8
Key figures
Activity by sector
Activity by geographic area
Simplified Group organisational chart
Property
Fondation d’Entreprise
Risk factors
2 Corporate social responsability AFR
Introduction Savoir-faire
2.1 2.2 2.3 2.4 2.5 2.6 2.7
People
Raw materials and suppliers
Environment
Stakeholders and local integration
Report from one of the Statutory Auditors, designated as the independent third party organisation
85
3 Corporate governance AFR
89 90
Administrative, management, or supervisory bodies Report from the Chairman of the Supervisory Board 110
3.1 3.2 3.3
7 Information on the Company and its share capital
241
Statutory Auditors’ report on the report from the Chairman of the Supervisory Board Compensation and benefits paid to Corporate Officers
Presentation of hermès international and Émile Hermès SARL Information on share capital and shareholders AFR
7.1
137
242 253 266 271 272 276
3.4
7.2 7.3 7.4 7.5 7.6
138
Financial authorisations
Dividend policy
Stock-market information Shareholder information
4 Comments on the financial year and outlook AFR
149 150 152
Summary consolidated financial statements Comments on the consolidated results Information on the parent company financial statements, on accounts payable due dates, subsidiaries and associates
4.1 4.2 4.3
8 Combined General Meeting of 6 June 2017 279 8.1 Agenda 280 8.2 Purpose and draft resolutions 282 8.3 Supervisory Board’s report to the Combined General Meeting of 6 June 2017 305 8.4 Statutory Auditors’ reports 306
154 156
Outlook
4.4
9 Additional information
317
Persons responsible for the registration document AFR Statutory Auditors and their fees AFR Regulatory Information consultation Information incorporated by reference
9.1
318 319 320 321 322
9.2 9.3 9.4 9.5
Cross-reference table
The information in the annual financial report is identified in the contents with the help of the AFR pictogram.
Made with FlippingBook