HERMÈS - 2018 Registration document

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Comments on the financial year and outlook

Information on the parent company financial statements, on accounts payable due dates, subsidiaries and associates

INFORMATION ON THE PARENT COMPANY FINANCIAL STATEMENTS, ON ACCOUNTS PAYABLE DUE DATES, SUBSIDIARIES AND ASSOCIATES

4.5

INFORMATION ON PARENT COMPANY FINANCIAL STATEMENTS

INFORMATION ON ACCOUNTS PAYABLE DUE DATES

4.5.1

4.5.2

The parent company financial statements as presented were approved by the ExecutiveManagement on 7 February 2019 andwill be submitted to the shareholders for approval at the General Meeting of 4 June 2019. The parent company financial statements were also reviewed by the Audit and Risk Committee at its meeting of 14 March 2019. Revenue Revenue amounted to €247.6 million in 2018, as compared with €216.6 million in 2017. The Company’s revenue consists of sales of services that are charged back toGroup subsidiaries for advertising andpublic relations, rent, staff provided on secondment, insurance and professional fees and of royal- ties on the revenue of the production subsidiaries. Statement of financial position and statement of profit or loss Hermès International’s statement of financial position and statement of profit or loss appear on pages 296 to 297. The parent company financial statements are drawn up in accordance with the provisions of French laws and regulations and with generally accepted accounting principles. As at 31 December 2018, total assets amounted to €4,463.4 million compared with €4,021.9 million as at 31 December 2017. The state- ment of profit or loss shows net income of €1,238.5 million, compared with €778.3 million in 2017. As at 31 December 2018, share capital amounted to €53,840,400.12, divided into 105,569,412 shares with a par value of €0.51 each. 4.5.1.1 4.5.1.2

In application of Articles L. 441-6-1, D. 441-4 and D. 823-7-1 of the French Commercial Code ( Code de commerce ), the breakdown of the balance of liabilities with respect to accounts payable by maturity is indi- cated on page 320.

INFORMATION ON SUBSIDIARIES AND ASSOCIATES

4.5.3

A list of companies whose registered office is located in French territory and in which the Company owns a material interest, whether directly or indirectly, is provided in the notes to the parent company financial state- ments (pages 316 and 317). Activity of subsidiaries TheactivitiesofthemainsubsidiariesoftheGroupareshownonpage32. Equity investments in companies with registered offices in France (Article. L. 233-6 of the French Commercial) In 2018, Hermès International did not make any equity investments in companies with registered offices in France. 4.5.3.1 4.5.3.2

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL