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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
189
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
22.2.1 Net currency position
As at 31/12/2016
In millions of euros
Monetary assets/
(liabilities)
1
Future cash flows
Net position
before hedging
Derivatives
2
Net position
after hedging
Hedging ratio
US dollar
(46.1)
394.2
348.1
(382.8)
(34.7)
110%
Yuan
118.6
192.6
311.2
(281.8)
29.3
91%
Yen
23.5
237.8
261.3
(254.6)
6.6
97%
Singapore dollar
43.8
209.9
253.6
(248.8)
4.9
98%
Hong Kong dollar
(82.0)
195.8
113.8
(122.4)
(8.6)
108%
Euro 3
12.9
58.8
71.7
(68.0)
3.7
95%
Pound sterling
(18.7)
79.3
60.6
(56.5)
4.1
93%
Swiss franc
11.2
35.1
46.3
(44.9)
1.4
97%
Canadian dollar
4.5
35.0
39.4
(38.7)
0.7
98%
Australian dollar
3.9
23.6
27.6
(26.3)
1.3
95%
Rouble
4.3
21.9
26.3
(25.8)
0.5
98%
Thai baht
3.6
22.0
25.6
(25.4)
0.3
99%
South Korean won
(0.2)
(10.0)
(10.2)
10.0
(0.2)
98%
Mexican peso
0.6
8.8
9.4
(9.1)
0.3
97%
Brazilian real
1.4
6.7
8.1
(6.7)
1.4
83%
Turkish lira
(0.0)
6.0
6.0
(6.0)
0.0
100%
Indian rupee
0.6
4.6
5.2
(4.7)
0.5
91%
Czech crown
0.1
4.1
4.2
(4.1)
0.1
98%
Danish krone
0.0
3.8
3.9
(3.8)
0.0
99%
Emirati dirham
0.0
(3.0)
(3.0)
2.9
(0.1)
97%
Argentine peso
1.1
-
1.1
-
1.1
Swedish krona
0.1
-
0.1
-
0.1
Summary
83.1
1,527.2
1,610.3
(1,597.6)
12.6
99%