HERMÈS - 2018 Registration document

Parent company financial statements

Notes to the financial statements

AMORTISATION, DEPRECIATION AND PROVISIONS

NOTE 4

Amortisation, depreciation, and operating provisions break down as follows:

2018

2017

In millions of euros

Depreciation of assets

8.0

6.6

Depreciation of current assets Provisions for risks and expenses

(0.4) 67.0 74.7

(0.6) 73.6 79.6

AMORTISATION, DEPRECIATION AND PROVISIONS

Provisions for risks and expenses include the cost of free share plans and pensions.

OTHER ELEMENTS OF FINANCIAL INCOME

NOTE 5

Foreign exchange differences and other items include the following:

2018

2017

In millions of euros

Interest and similar income

2.1

0.6

Foreign exchange gains and losses Interest and similar expenses

(8.5) (6.0) (0.3)

(3.7) (1.6) (0.2) (5.0)

Net income from disposals of marketable securities OTHER ELEMENTS OF NET FINANCIAL INCOME

(12.7)

EXTRAORDINARY INCOME

NOTE 6

2018

2017

6

In millions of euros

Extraordinary income

104.9

63.2 32.2

Free share plan

54.9

Reversals of provisions for accelerated depreciation

0.1

0.2

Other extraordinary income Disposals of property, plant and equipment and non-current financial assets

49.9

30.7

Extraordinary expenses

(96.8) (46.9)

(121.7)

Free share plan

(56.8)

Provisions for accelerated depreciation

(0.2)

(0.2) (2.0)

Other extraordinary expenses Net value of fixed assets sold EXTRAORDINARY INCOME

(49.7)

(62.7) (58.6)

8.1

Extraordinary income primarily includes the re-invoicing to subsidiaries of free share plans granted in 2012 and that matured in 2018.

Extraordinary expenses include costs relating to the free share plans for beneficiaries other than Company employees in the amount of €46.9 million in respect of plans granted in 2012 and 2016.

2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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