HERMES_REGISTRATION_DOCUMENT_2017

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 Executive Management on 21 March 2018 and will be submitted to the shareholders for approval at the General Meeting of 5 June 2018. The parent company financial statements were also reviewed by the Audit Committee at its meeting of 15 March 2018. Revenue Revenue amounted to €216.6 million in 2017, as compared with €177.6 million in 2016. 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 248 to 249. 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 2017, total assets amounted to €4,021.9 million compared with €3,465.6 million as at 31 December 2016. The state- ment of profit or loss shows net income of €778.3million, comparedwith €1,091.2 million in 2016. As at 31 December 2017, 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 trade payables by due date is given on page 272.

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 268 and 269). Activity of subsidiaries The activities of the main subsidiaries of the Group are shown on page 31. 4.5.3.1

4

Equity investments in companies with registered offices in France (Article. L. 233- 6 of the French Commercial Code (Code de commerce) )

4.5.3.2

In 2017, Hermès International and its subsidiaries made the following equity investments in companies with registered offices in France: s Castille Investissements acquired an additional stake (49%) in the share capital of Beyrand (100% on 31 December 2017).

2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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