Hermès - Registration Document 2016

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2016 REGISTRATION DOCUMENT

HERMÈS INTERNATIONAL

149

4.1 SUMMARY CONSOLIDATED FINANCIAL STATEMENTS 150 4.1.1 Summary consolidated statement of profit or loss 150 4.1.2 Summary consolidated statement of financial position as at 31 december 2016 150 4.1.3 Summary consolidated statement of cash flows 151 4.2 COMMENTS ON THE CONSOLIDATED RESULTS 152 4.2.1 Consolidated results 152 4.2.2 Investments 152 4.2.3 Financial position 152 4.2.4 Value creation 153 4.2.5 Exceptional events 153 4.3 INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS, ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES 154 4.3.1 Information on parent company financial statements 154 4.3.2 Information on accounts payable due dates 154 4.3.3 Information on subsidiaries and associates 154 4.3.4 Information on branches 155 4.3.5 Information on the amount of inter-company loans 155 4.4 OUTLOOK 156

4

COMMENTS ON THE

FINANCIAL YEAR

AND OUTLOOK