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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
228
PARENT COMPANY FINANCIAL STATEMENTS
6
NOTE TO THE FINANCIAL STATEMENTS
15.1.1 Net currency position
In millions of euros
Monetary
assets/
(liabilities)
Future cash
flows
Net position
before hedging
Derivatives
1
Net position
after hedging
Hedging ratio 10% sensitivity
As at 31/12/2016
Hong Kong dollar
(103.2)
3.4
(99.8)
100.1
0.4
100%
0.0
US dollar
(90.7)
11.9
(78.9)
78.8
(0.1)
100%
(0.0)
Pound sterling
(29.9)
2.5
(27.5)
27.8
0.4
101%
0.0
Yen
2.4
6.4
8.8
(6.6)
2.3
74%
0.3
Yuan
4.6
4.0
8.6
(8.1)
0.5
94%
0.1
Swiss franc
0.6
7.9
8.5
(10.8)
(2.3)
127%
(0.3)
Singapore dollar
1.6
5.6
7.3
(7.7)
(0.4)
105%
(0.0)
Canadian dollar
0.3
0.8
1.1
(0.9)
0.3
77%
0.0
Australian dollar
(2.4)
1.7
(0.7)
0.3
(0.4)
42%
(0.0)
Mexican peso
0.1
0.4
0.4
(0.6)
(0.2)
144%
(0.0)
Rouble
0.1
0.2
0.3
(0.5)
(0.1)
140%
(0.0)
Thai baht
0.0
0.1
0.1
0.0
0.1
(0)%
0.0
Turkish lira
0.1
-
0.1
(0.0)
0.1
0%
0.0
Czech crown
0.0
0.0
0.0
(0.0)
(0.0)
100%
(0.0)
Emirati dirham
(0.0)
-
(0.0)
-
(0.0)
-
(0.0)
Summary
(216.4)
45.0
(171.4)
171.9
0.5
100%
0.1
As at 31/12/2015
US dollar
7.1
10.9
18.0
(17.9)
0.1
99%
0.0
Pound sterling
(18.5)
2.7
(15.7)
15.7
(0.0)
100%
(0.0)
Australian dollar
(11.4)
1.6
(9.9)
9.7
(0.1)
99%
(0.0)
Swiss franc
1.3
7.8
9.1
(10.0)
(0.9)
110%
(0.1)
Singapore dollar
2.1
5.1
7.3
(7.6)
(0.3)
105%
(0.0)
Yen
1.1
5.6
6.7
(5.7)
1.0
85%
0.1
Yuan
2.8
2.5
5.3
(5.1)
0.2
97%
0.0
Hong Kong dollar
0.3
3.1
3.3
(3.3)
(0.0)
100%
(0.0)
Canadian dollar
0.3
0.7
1.0
(0.7)
0.3
71%
0.0
Mexican peso
0.1
0.4
0.5
(0.5)
0.0
98%
0.0
Rouble
0.3
0.2
0.5
(0.3)
0.2
61%
0.0
Czech crown
0.1
0.0
0.1
(0.1)
0.0
75%
0.0
Thai baht
0.0
0.1
0.1
(0.0)
0.1
36%
0.0
Turkish lira
0.0
-
0.0
-
0.0
-
0.0
Emirati dirham
(0.0)
-
(0.0)
-
(0.0)
-
(0.0)
Summary
(14.3)
40.8
26.4
(25.9)
0.5
98%
0.1
(1) Purchase/(Sale).