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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
192
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
In millions of euros
Nominal amounts
of derivatives
Nominal amounts
of derivatives used
to hedge foreign
exchange risk
Market value of the contracts as at 31/12/2015
1
Future cash
flow hedge Fair value hedge
Unallocated
Total
Options purchased
US
dollar put
33.8
33.8
0.7
0.7
US dollar collar
133.7
133.7
0.5
0.5
Chinese yuan put
17.6
17.6
1.1
1.1
Chinese yuan collar
69.0
69.0
3.5
3.5
Japanese yen put
33.4
33.4
0.9
0.9
Japanese yen call
-
Japanese yen collar
120.6
120.6
1.7
1.7
Singapore dollar put
26.2
26.2
1.1
1.1
Singapore dollar collar
103.4
103.4
3.2
3.2
Hong Kong dollar put
21.9
21.9
0.5
0.5
Hong Kong dollar collar
86.4
86.4
0.2
0.2
646.1
646.1
13.5
-
-
13.5
Forward currency agreements
2
US dollar
177.8
177.8
(6.3)
(0.0)
(6.4)
Yuan
93.0
93.0
(0.6)
(0.0)
(0.6)
Yen
80.6
80.6
(2.2)
-
(2.2)
Singapore dollar
43.1
43.1
0.2
(0.0)
0.2
Hong Kong dollar
83.3
83.3
(3.8)
(0.1)
(3.9)
Pound sterling
80.3
80.3
(0.6)
(0.0)
(0.6)
Euro
3
60.2
60.2
0.7
0.1
0.8
Swiss franc
27.5
27.5
0.1
-
0.1
Canadian dollar
26.7
26.7
1.6
(0.0)
1.6
Thai baht
19.0
19.0
0.1
-
0.1
Rouble
15.0
15.0
3.2
-
3.2
South Korean won
(9.2)
(9.2)
(0.2)
-
(0.2)
Australian dollar
17.1
17.1
0.0
(0.1)
(0.1)
Others
22.3
22.3
0.8
-
0.8
736.9
736.9
(7.0)
-
(0.1)
(7.1)
Currency swaps
2
US dollar
77.2
73.3
(0.7)
(0.1)
(0.8)
Yuan
128.1
127.0
(1.1)
(0.0)
(1.2)
Yen
11.4
11.4
(0.2)
-
(0.2)
Singapore dollar
31.6
30.5
(0.3)
(0.0)
(0.3)
Hong Kong dollar
35.6
29.0
(0.4)
(0.1)
(0.4)
Pound sterling
(5.9)
(8.1)
0.2
(0.8)
(0.6)
Euro
3
8.6
9.0
0.0
0.0
0.0
Swiss franc
7.0
6.0
0.0
0.0
0.0
Canadian dollar
2.4
2.0
0.0
0.0
0.0
Thai baht
5.0
4.9
(0.0)
(0.0)
(0.0)
Rouble
3.6
3.6
0.2
-
0.2
Australian dollar
(11.2)
(10.3)
0.0
(0.0)
0.0
Others
3.4
3.4
(0.0)
-
(0.0)
296.7
281.8
(2.3)
-
(0.9)
(3.2)
TOTAL
1,679.6
1,664.7
4.2
-
(1.0)
3.2
(1) Gain/(Loss).
(2) Sale/(Purchase).
(3) Euro foreign exchange risk for subsidiaries having a different functional currency.