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The information in the annual financial report is identified in the
contents with the help of the
AFR
pictogram.
Message from the Executive Management 5 Highlights for 2016 6 1 Overview of the Group AFR 9 1.1 Stages of the Group’s history 10 1.2 Key figures 13 1.3 Activity by sector 15 1.4 Activity by geographic area 23 1.5 Simplified Group organisational chart 29 1.6 Property 32 1.7 Fondation d’Entreprise 32 1.8 Risk factors 33 2 Corporate social responsability AFR 37 2.1 Introduction 38 2.2 Savoir-faire 41 2.3 People 44 2.4 Raw materials and suppliers 56 2.5 Environment 63 2.6 Stakeholders and local integration 81 2.7 Report from one of the Statutory Auditors, designated as the independent third party organisation 85 3 Corporate governance AFR 89 3.1 Administrative, management, or supervisory bodies 90 3.2 Report from the Chairman of the Supervisory Board 110 3.3 Statutory Auditors’ report on the report from the Chairman of the Supervisory Board 137 3.4 Compensation and benefits paid to Corporate Officers 138 4 Comments on the financial year and outlook AFR 149 4.1 Summary consolidated financial statements 150 4.2 Comments on the consolidated results 152 4.3 Information on the parent company financial statements, on accounts payable due dates, subsidiaries and associates 154 4.4 Outlook 156 5 Consolidated financial statements AFR 159 5.1 Consolidated statement of profit or loss for 2016 160 5.2 Consolidated statement of other comprehensive income 161 5.3 Consolidated statement of financial position as at 31 december 2016 162 5.4 Consolidated statement of changes in equity as at 31 december 2016 164 5.5 Consolidated statement of cash flows 166 5.6 Notes to the consolidated financial statements 168 5.7 Statutory Auditors’ report on the consolidated financial statements 210 6 Parent company financial statements 213 6.1 Statement of profit or loss for 2016 214 6.2 Statement of financial position as at 31 December 2016 AFR 215 6.3 Changes in equity in 2016 AFR 216 6.4 Statement of cash flows for 2016 AFR 217 6.5 Note to the financial statements AFR 218 6.6 List of investments in subsidiaries and associates as at 31 December 2016 232 6.7 Table of subsidiaries and associates as at 31 December 2016 AFR 234 6.8 Table of results over the last five financial years 238 6.9 Statutory auditors’ report on the annual financial statements AFR 239 7 Information on the Company and its share capital 241 7.1 Presentation of hermès international and Émile Hermès SARL 242 7.2 Information on share capital and shareholders AFR 253 7.3 Financial authorisations 266 7.4 Dividend policy 271 7.5 Stock-market information 272 7.6 Shareholder information 276 8 Combined General Meeting of 6 June 2017 279 8.1 Agenda 280 8.2 Purpose and draft resolutions 282 8.3 Supervisory Board’s report to the Combined General Meeting of 6 June 2017 305 8.4 Statutory Auditors’ reports 306 9 Additional information 317 9.1 Persons responsible for the registration document AFR 318 9.2 Statutory Auditors and their fees AFR 319 9.3 Regulatory Information consultation 320 9.4 Information incorporated by reference 321 9.5 Cross-reference table 322