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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
229
PARENT COMPANY FINANCIAL STATEMENTS
6
NOTE TO THE FINANCIAL STATEMENTS
15.1.2 Analysis of currency agreements
Hedging operations areperformedover-the-counter, exclusivelywith leading banks. TheCompany thereforedoes not incur any significant counterparty
risk.
In millions of euros
Nominal amounts of
derivatives
Nominal amounts
of derivatives used
to hedge foreign
exchange risk
Market value of
the contracts as at
31/12/2016
1
Options purchased
US
dollar put
36.5
36.5
0.5
US dollar collar
182.7
182.7
(1.8)
Japanese
yen put
22.7
22.7
1.2
Japanese yen collar
100.5
100.5
3.2
Hong
Kong dollar put
23.5
23.5
0.4
Hong Kong dollar collar
117.5
117.5
(0.9)
Singapore
dollar put
20.4
20.4
0.6
Singapore dollar collar
132.5
132.5
2.7
Chinese
yuan put
12.6
12.6
0.8
Chinese yuan collar
82.0
82.0
4.1
730.8
730.8
10.7
Forward currency agreements
2
US dollar
(209.4)
(195.1)
12.6
Yen
(116.7)
(116.7)
(1.4)
Hong Kong dollar
(137.8)
(137.8)
8.0
Singapore dollar
(147.2)
(147.2)
3.1
Yuan
(90.5)
(90.5)
0.5
Swiss franc
7.9
7.9
(0.1)
Pound sterling
2.4
2.4
0.2
Australian dollar
1.7
1.7
(0.1)
Others
1.4
1.6
(0.1)
(688.2)
(673.8)
22.7
Currency
swaps
2
US dollar
(88.7)
(112.3)
(0.9)
Yen
0.1
0.1
0.0
Hong Kong dollar
(103.3)
(103.5)
(0.1)
Singapore dollar
2.0
2.0
0.0
Yuan
4.1
3.5
(0.0)
Swiss franc
2.9
2.9
(0.0)
Pound sterling
(30.3)
(30.3)
(0.6)
Australian dollar
(2.0)
(2.0)
(0.0)
Others
0.6
2.1
(0.0)
(214.5)
(237.4)
(1.6)
TOTAL
(171.9)
(180.5)
31.7
(1) Gain/(Loss).
(2) (Purchase)/Sale.