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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
221
PARENT COMPANY FINANCIAL STATEMENTS
6
NOTE TO THE FINANCIAL STATEMENTS
NOTE 3
SOCIAL SECURITY AND SIMILAR EXPENSES
In millions of euros
2016
2015
Cost of shares issued to employees of Hermès International (2012 plan)
31.1
-
2010 free share allocation plans
1.4
3.3
2012 free share allocation plans
23.2
33.7
2016 free share allocation plans
30.3
-
Social security expenses
19.0
18.3
SOCIAL SECURITY AND SIMILAR EXPENSES
105.0
55.3
The social security expenses and other personnel costs include the
expenses relative to the free share allocation plans for all beneficiaries.
The costs of the free shares for personnel of the French entities resulted
in accrued income (refer to Note 2 relative to operating income).
NOTE 4
NET EXTRAORDINARY INCOME
In millions of euros
2016
2015
Extraordinary income
135.6
18.6
Reversals of provisions for accelerated depreciation
0.2
0.2
Reversals of impairment losses
1.8
-
Disposals of property, plant and equipment and non-current financial assets
133.6
18.5
Extraordinary expenses
(123.2)
(20.2)
Provisions for accelerated depreciation
(0.2)
(0.2)
Additions to impairment
(6.9)
(1.8)
Net value of fixed assets sold
(116.0)
(18.2)
NET EXTRAORDINARY INCOME
12.5
(1.6)
The extraordinary income includes €62.3 million charged back to subsi-
diaries, €31.1million for the cost of the free shareallocationplans for the
employees as decided in 2010 and 2012 and that have matured, and
the transfer of expenses for the cost of the shares provided to Hermès
International employees, as well as the net income from disposals of
property, plant and equipment for €16.6 million.
The extraordinary expenses are mainly comprised of the cost of shares
issued to employees for €92.9million, as part of the free share allocation
plans mentioned above, and an impairment loss on intangible assets of
€5.1 million.