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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
182
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 11
INTANGIBLE ASSETS
In millions of euros
31/12/2015
Increases
1
Decreases
Exchange rate
impact
Others
31/12/2016
Leasehold rights
69.9
-
(0.9)
1.2
(2.9)
67.2
Concessions, patents, licences and software
72.0
22.5
(0.7)
0.5
84.3
178.6
Other intangible assets
151.9
8.3
(2.1)
3.5
(76.1)
85.5
Assets under construction
13.1
16.1
-
0.0
(7.2)
22.1
TOTAL GROSS VALUES
306.9
47.0
(3.7)
5.2
(1.9)
353.5
Amortisation of leasehold rights
40.7
2.8
(0.6)
0.9
(2.6)
41.2
Amortisation of concessions, patents, licences and software
50.5
28.6
(0.7)
0.4
37.2
116.0
Amortisation of other intangible assets
90.6
8.7
(2.0)
2.6
(36.1)
63.9
Impairment losses
2.7
6.6
-
0.0
1.0
10.3
TOTAL AMORTISATION AND IMPAIRMENT
184.6
46.7
(3.3)
3.9
(0.5)
231.4
TOTAL NET VALUES
122.3
0.2
(0.4)
1.3
(1.3)
122.1
(1) Investments mainly relate to the acquisition and/or implementation of integrated management software packages in accordance with IAS 38; the relevant assets
are presented under “Concessions, patents, licences and software” as at 31 December 2016.
NOTE 12
PROPERTY, PLANT AND EQUIPMENT
In millions of euros
31/12/2015
Increases
1
Decreases
Exchange rate
impact
Others
31/12/2016
Land
162.5
0.6
(0.4)
6.7
0.4
170.0
Buildings
784.6
23.8
(3.1)
11.8
2.2
819.3
Industrial machinery, plant and equipment
293.0
26.6
(14.2)
(4.6)
(1.3)
299.5
Store fixtures and furnishings
709.3
77.9
(77.0)
6.8
35.4
752.3
Other property, plant and equipment assets
320.2
27.2
(6.1)
1.2
2.0
344.4
Assets under construction
60.9
59.1
(8.9)
0.2
(42.6)
68.7
TOTAL GROSS VALUES
2,330.5
215.2 (109.7)
22.1
(3.9)
2,454.2
Depreciation of buildings
265.9
33.0
(4.2)
4.9
(1.4)
298.2
Depreciation of plant, machinery and equipment
167.6
20.4
(14.1)
(2.0)
(4.0)
167.9
Depreciation of store fixtures and furnishings
382.7
74.1
(84.4)
3.0
9.6
385.1
Depreciation of other property, plant and equipment
188.9
33.8
(6.8)
0.7
(5.1)
211.6
Impairment losses
2
38.1
21.4
(0.3)
0.1
(2.4)
56.9
TOTAL AMORTISATION AND IMPAIRMENT
1,043.1
182.9 (109.7)
6.7
(3.4)
1,119.6
TOTAL NET VALUES
1,287.4
32.3
0.0
15.4
(0.5)
1,334.6
(1) Investments made during the year related mainly to the opening and renovation of stores and capital expenditure to expand production capacity.
(2) Impairment losses relate to production lines and stores deemed not to be sufficiently profitable. It is noted that the cash generating units on which impairment
losses have been recognised are not individually material when compared with the Group’s overall business.
No item of property, plant or equipment has been pledged as debt collateral. Furthermore, the amount of such assets in temporary use is not material
when compared with the total value of property, plant and equipment.