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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
217
PARENT COMPANY FINANCIAL STATEMENTS
6
STATEMENT OF CASH FLOWS FOR 2016
6.4
STATEMENT OF CASH FLOWS FOR 2016
In millions of euros
Notes
2016
2015
Net income
1,091.2
842.8
Depreciation and amortisation
11.6
8.0
Change in provisions and impairment
11
112.7
117.8
Capital gains/(losses) on disposals
76.2
0.3
Operating cash flows
1,291.7
968.9
Change in intra-group current accounts
(13.9)
10.0
Change in other receivables
8.9
(15.7)
Change in trade and other payables
(10.8)
4.7
Change in working capital requirements
(15.8)
(1.1)
NET CASH FLOWS FROM OPERATING ACTIVITIES
1,275.9
967.8
Purchase of intangible assets
6
(6.3)
(6.4)
Purchase of property, plant and equipment assets
6
(3.8)
(5.7)
Investments in subsidiaries and associates
7
(34.1)
(193.2)
Purchase of other financial assets
7
(8.5)
(3.7)
Disposals
39.4
21.1
Change in receivables and payables related to fixed assets
0.2
0.7
NET CASH FLOWS ALLOTTED TO INVESTING ACTIVITIES
(13.1)
(187.2)
Dividends paid
(356.0)
(833.9)
Treasury share buybacks net of disposals
(108.1)
(5.2)
NET CASH FLOWS FROM FINANCING ACTIVITIES
(464.1)
(839.1)
CHANGE IN NET CASH POSITION
798.8
(58.5)
Net cash position at the beginning of the period
13
925.6
984.1
Net cash position at the end of the period
13
1,724.4
925.6
CHANGE IN NET CASH POSITION
798.8
(58.5)
Financial liabilities relating to employee profit-sharing have been reclassified under other liabilities.
N.B.: the values shown in the tables are generally expressed in millions of euros. In certain cases, the effects of rounding up/down can lead to a slight discrepancy on the level of the totals or
changes.