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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
225
PARENT COMPANY FINANCIAL STATEMENTS
6
NOTE TO THE FINANCIAL STATEMENTS
NOTE 10
EQUITY
As at 31 December 2016, Hermès International’s share capital amounted to €53,840,400.12, made up of 105,569,412 shares with a par value of
€0.51 each, or the same as at 31 December 2015.
NOTE 11
PROVISIONS
In millions of euros
Note
31/12/2015
Depreciations
Reversals
31/12/2016
Provisions used
Provisions
not used
Provisions for impairment
443.7
144.1
-
(12.6)
575.3
Financial assets
7
433.2
53.8
(5.0)
481.9
Trade and other receivables
10.5
90.4
(7.6)
93.3
Regulated provisions
0.4
0.2
-
(0.2)
0.4
Accelerated depreciation
0.4
0.2
(0.2)
0.4
Provisions for contingencies
1
196.1
78.8
(95.1)
(2.5)
177.2
TOTAL
640.3
223.2
(95.1)
(15.3)
753.2
(1) Provisions for contingencies mainly include the cost of free share allocation plans granted in May 2012 and 2016 as well as retirement benefits and expenses
associated with the supplementary pension plan for senior executives and senior managers. These amounts are periodically paid over to pension funds.
NOTE 12
ANALYSIS OF LIABILITIES BY MATURITY
In millions of euros
31/12/2016
31/12/2015
< 1 year
> 1 year and
< 5 years
Net amount
Net amount
Financial debts
2.6
19.7
22.3
34.0
Bank borrowings
1
0.5
-
0.5
13.9
Miscellaneous borrowings and financial liabilities
2
2.2
19.7
21.9
20.1
Operating liabilities
53.1
1.4
54.5
73.2
Trade and other payables
3
18.3
18.3
30.0
Tax and social security liabilities
4
34.9
1.4
36.2
43.2
Miscellaneous liabilities
338.2
5.0
343.2
112.6
Amounts payable to fixed asset suppliers
2.3
2.3
2.1
Others
5
335.9
5.0
340.9
110.5
TOTAL
394.0
26.1
420.0
219.8
(1) Bank overdrafts.
(2) Funds held in trust for employees under the statutory employee profit-sharing plan.
(3) Including €8.6 million in invoices not yet received and €2.9 million with related companies.
(4) Including €21.8 million in tax and employee-related provisions payable.
(5) Mainly comprise financial current accounts of subsidiaries amounting to €333.5 million.