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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
187
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
20.2
Foreign currency adjustments
The change in foreign currency adjustments in 2016 is analysed below:
In millions of euros
31/12/2016
31/12/2015
Balance as at 1 January
165.3
47.7
Yen
9.0
22.7
US dollar
16.0
38.0
Yuan
(3.7)
4.1
Rouble
3.1
(1.7)
Pound sterling
(31.5)
4.5
Macao pataca
1.9
6.3
Swiss franc
1.5
16.0
Singapore dollar
1.4
17.9
Hong Kong dollar
(0.9)
15.3
Other currencies
1.1
(5.6)
Balance as at 31 December
163.3
165.3
20.3
Financial instruments
In 2016, changes in derivatives and financial investments were broken down as follows (after tax):
In millions of euros
2016
2015
Balance as at 1 January
22.2
(13.5)
Amount transferred to equity in the year in respect of derivatives
(1.9)
17.4
Amount transferred to equity in the year in respect of financial investments
0.0
0.0
Adjustments in the value of derivatives at the end of the period
(6.3)
1.9
Other deferred foreign exchange gains/(losses) recognised in comprehensive income
(11.1)
16.3
Balance as at 31 December
2.8
22.2
20.4
Income and expenses recognized directly in equity
In 2016, income and expenses recognized directly in equity was broken down as follows:
In millions of euros
Notes
Gross impact
Tax effect
Net impact
Actuarial gains and losses
25.3.4
(14.4)
3.1
(11.3)
Foreign currency adjustments
20.2
(2.3)
-
(2.3)
Financial instruments attributable to equity
20.3
(29.0)
9.7
(19.4)
Other items
-
-
-
Balance as at 31 December 2016
(45.7)
12.7
(32.9)
And for 2015
In millions of euros
Notes
Gross impact
Tax effect
Net impact
Actuarial gains and losses
25.3.4
(14.0)
4.8
(9.2)
Foreign currency adjustments
20.2
117.6
-
117.6
Financial instruments attributable to equity
20.3
55.3
(19.6)
35.7
Other items
-
-
-
Balance as at 31 December 2015
158.9
(14.9)
144.0