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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
196
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
In millions of euros
Notes
2015
Assets at
fair value
Loans and
receivables
Held-to-
maturity
assets
Available-
for-sale
assets
Liabilities
at fair
value
Liabilities at
amortised
cost
Net carrying
amount
Fair value
Evaluation
level
Interest
rate
Effective
interest
rate
Financial investments
14
-
20.3
-
12.7
-
-
32.9
32.9
-
-
Liquidity contract
14 9.3
-
-
-
-
-
9.3
9.3
1
-
-
Other financial assets
14
-
-
0.0
-
-
-
0.0
0.0
-
-
-
Other non-consolidated
investments
14
-
-
-
0.1
-
-
0.1
0.1
-
-
-
Held-to-maturity
securities
14
-
-
-
-
-
-
-
-
-
-
-
Financial assets
14
9.3 20.3 0.0 12.8
-
-
42.4
42.4
Loans and deposits
16
-
50.6
-
-
-
-
50.6
50.6
-
-
-
Trade and other
receivables
18
-
523.8
-
-
-
-
523.8 523.8
-
-
-
Foreign currency
derivative assets
22.2.3
39.0
-
-
-
-
-
39.0
39.0
2
Cash and cash
equivalents
19
839.5 749.7
-
-
-
-
1,589.2 1,589.2
1
-
-
Bank overdrafts
22
-
-
-
-
-
(17.6)
(17.6)
(17.6)
-
*
-
Loan Brazil
22
-
-
-
-
-
(5.9)
(5.9)
(5.9)
- 15.3% 15.3%
Loan Japan
22
-
-
-
-
-
(4.2)
(4.2)
(4.2)
-
0.3% 0.3%
Loan India
22
-
-
-
-
-
(2.5)
(2.5)
(2.5)
-
9.6% 9.6%
Other borrowings
22
-
-
-
-
-
(1.8)
(1.8)
(1.8)
-
2.3% 2.3%
Current accounts in
debit
22
-
-
-
-
-
(0.1)
(0.1)
(0.1)
-
*
-
Financial debts
22
-
-
-
-
-
(32.0)
(32.0)
(32.0)
-
-
Trade payables and
other liabilities
26
-
-
-
-
- (1,088.4) (1,088.4) (1,088.4)
-
-
-
Foreign currency
derivative liabilities
22.2.3
-
-
-
-
(35.8)
-
(35.8)
(35.8)
2
-
-
Other derivatives –
liabilities
-
-
-
-
(1.2)
-
(1.2)
(1.2)
2
-
-
* Interest rates are floating rates.
For 2016 and 2015, there were no transfers between levels 1 and 2 for financial assets and liabilities recognised at fair value.
NOTE 23
PROVISIONS
In millions of euros
31/12/2015
Depreciations
Reversals
1
Exchange rate
impact
Other and
reclassifications
31/12/2016
Current provisions
58.8
65.5
(23.0)
0.5
(7.0)
94.7
Non-current provisions
2.6
1.9
(3.9)
0.0
2.7
3.5
TOTAL
61.4
67.5
(26.9)
0.5
(4.3)
98.1
(1) Of which €15.9 million reversed and used.