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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
204
CONSOLIDATED FINANCIAL STATEMENTS
5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
28.3
Lease agreements with related parties
Address
Lessor
Lessee
Lease type
Period
Start
End
Security
deposit
28/30/32 rue du Faubourg St Honoré
SAS SIFAH
Hermès
International
Commercial
lease
9 years 01/01/2007 31/12/2015
1
3 months
28/30/32 rue du Faubourg St Honoré
SAS SIFAH Hermès Sellier
Commercial
lease
9 years 01/01/2007 31/12/2015
1
3 months
26 rue du Faubourg St Honoré
SAS SIFAH
Hermès
International
Commercial
lease
9 years 01/01/2014 31/12/2022 3 months
26 rue du Faubourg St Honoré
SAS SIFAH
Hermès
International
Commercial
lease
9 years 01/01/2008 31/12/2016 3 months
23 rue Boissy d’Anglas
SAS SIFAH Hermès Sellier
Commercial
lease
9 years 01/01/2009 31/12/2017 3 months
74 rue du Faubourg St Antoine
S.C.I. 74 rue
du Faubourg
Saint-Antoine
Hermès
International
Commercial
lease
9 years 01/07/2008 30/06/2017 3 months
4 rue du Pont Vert
27400 Le Vaudreuil
Briand Villiers I
Comptoir
Nouveau de la
Parfumerie
Commercial
lease 9 years firm 01/07/2014 30/06/2023 3 months
(1) In process of being renewed.
Total rental expenses for the abovementioned leases amounted to
€9 million in 2016 (versus €9 million in 2015).
All of the transactions described were carried out on an arm’s length
basis,
i.e.
on terms that would apply if the transactions had occurred
between unrelated parties.
NOTE 29
SENIOR EXECUTIVE COMPENSATION
A breakdown of total compensation paid to members of the Executive Committee and the Supervisory Board, in respect of their functions within the
Group, is as follows:
In millions of euros
2016
2015
Short-term benefits
11.2
13.5
Post-employment benefits
3.1
3.4
Other long-term benefits
0.1
0.2
Share-based payments
1.8
2.5
TOTAL
16.3
19.6
Short-termbenefitsincludecompensationandbonusespaidtoExecutive
Committee members during the year, as well as directors’ fees paid to
members of the Supervisory Board. Share-based payments correspond
to the amounts expensed in the year.