HERMÈS - 2018 Registration document

Parent company financial statements

Statement of cash flows for 2018

STATEMENT OF CASH FLOWS FOR 2018

6.4

2018

2017

Notes

In millions of euros

Net income/(loss)

1,238.5

778.3

Depreciation and amortisation

7.7

0.5

Change in provisions and impairment Capital gains/(losses) on disposals

103.9

124.2

48.5

59.5

Operating cash flows

1,398.5

962.5 238.2 (92.5)

Change in intra-group current accounts

87.8 43.1

Change in other receivables

Change in trade and other payables Change in working capital requirements NET FLOWS COMING FROM OPERATIONS

6.6

23.9

137.5

169.6

1,536.1

1,132.1

Acquisitions of intangible assets

8 8 9 9

(12.2)

(8.6) (2.3)

Acquisitions of property, plant and equipment

(5.3)

Acquisitions of investment securities Acquisitions of other financial assets

(156.0)

(70.5) (71.2)

(80.1)

Disposals

0.8

2.7

Change in receivables and payables related to fixed assets

(0.0)

(0.1)

NET FLOWS ASSIGNED TO INVESTMENT

(252.8) (954.0)

(150.) (399.3) (188.5) (587.8)

Dividends paid

Treasury share buybacks net of disposals NET CASH FLOWS FROM FINANCING CHANGE IN NET CASH POSITION Net cash at the beginning of the period Net cash at the end of the period CHANGE IN NET CASH POSITION

(59.3)

(1,013.3)

269.9

394.3

16 16

2,118.7 2,388.6

1,724.4 2,118.7

269.9

394.3

6

N.B: the values shown in the tables are generally expressed in millions. In certain cases, the effects of rounding up/down can lead to a slight discrepancy in the totals.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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