230 / 330
2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
230
PARENT COMPANY FINANCIAL STATEMENTS
6
NOTE TO THE FINANCIAL STATEMENTS
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 31/12/2015
1
Options purchased
US dollar put
33.8
33.8
0.7
US dollar collar
133.7
133.7
0.5
Japanese yen put
33.4
33.4
0.9
Japanese yen collar
120.6
120.6
1.7
Hong Kong dollar put
21.9
21.9
0.5
Hong Kong dollar collar
86.4
86.4
0.2
Singapore dollar put
26.2
26.2
1.1
Singapore dollar collar
103.4
103.4
3.2
Chinese yuan put
17.6
17.6
1.1
Chinese yuan collar
69.0
69.0
3.5
646.1
646.1
13.5
Forward currency agreements
2
US dollar
(156.9)
(156.9)
6.7
Yen
(148.5)
(148.5)
3.3
Hong Kong dollar
(105.2)
(105.2)
4.7
Singapore dollar
(124.5)
(124.5)
1.3
Yuan
(84.1)
(84.1)
0.5
Swiss franc
7.8
7.8
0.0
Pound sterling
2.7
2.7
(0.0)
Australian dollar
1.5
1.5
(0.1)
Other
1.3
1.3
0.2
(605.7)
(605.7)
16.6
Treasury swaps
2
US dollar
7.2
3.4
(0.1)
Yen
0.1
0.1
(0.0)
Hong Kong dollar
0.3
(6.3)
(0.0)
Singapore dollar
2.5
1.3
(0.0)
Yuan
2.6
1.6
(0.0)
Swiss franc
2.2
1.2
0.0
Pound sterling
(18.4)
(20.6)
(0.8)
Australian dollar
(11.3)
(10.3)
0.0
Other
0.3
0.3
0.0
(14.5)
(29.4)
(0.9)
TOTAL
25.9
11.0
29.2
(1) Gain/(Loss).
(2) (Purchase)/Sale.
15.2
Other financial commitments at 31 December 2016
In millions of euros
31/12/2016
31/12/2015
Bank guarantees given
1
0.7
0.8
Irrevocable commitments to purchase financial assets
21.6
20.3
Other commitments
2
157.3
79.8
TOTAL
179.6
100.9
(1) The guarantees assumed on behalf of subsidiaries are re-invoiced to the beneficiary subsidiaries.
(2) The other commitments primarily relate to lease payments by Hermès International or by subsidiaries, for which Hermès International is the guarantor. The
increase relative to 2015 is due to the update of guarantees given on the New York stores.