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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
184
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 15
INVESTMENTS IN ASSOCIATES
In millions of euros
2016
2015
Balance as at 1 January
85.4
91.3
Impact of changes in scope of consolidation
4.6
0.1
Net income from associates
10.9
17.7
Dividends paid
(14.1)
(15.7)
Exchange rate fluctuations
0.6
2.8
Others
-
(10.8)
Balance as at 31 December
87.3
85.4
NOTE 16
LOANS AND DEPOSITS
In millions of euros
31/12/2015
Increases
Decreases
Exchange rate
impact
Others
31/12/2016
Loans and deposits
1
55.9
11.2
(1.3)
1.1
(4.8)
62.2
Impairments
5.3
8.9
(0.1)
0.2
0.5
14.7
TOTAL
50.6
2.4
(1.1)
0.9
(5.3)
47.5
(1) Security deposits amounted to €39.3 million as at 31 December 2016, compared with €35.9 million as at 31 December 2015.
NOTE 17
INVENTORIES AND WORK-IN-PROGRESS
In millions of euros
31/12/2016
31/12/2015
Gross
Impairment
Net
Gross
Impairment
Net
Retail, intermediate and finished goods
1,029.5
448.1
581.5
978.0
407.6
570.4
Raw materials and work-in-progress
547.9
214.3
333.6
533.1
154.2
378.9
TOTAL
1,577.4
662.4
915.1
1,511.1
561.8
949.2
Net income/(expense) from impairment
of retail, intermediate and finished goods
-
(38.5)
-
-
(79.1)
-
Net income/(expense) from impairment
of raw materials and work in progress
-
(59.8)
-
-
(10.1)
-
No inventories were offered as collateral to secure financial debt.