HERMES_REGISTRATION_DOCUMENT_2017

PARENT COMPANY FINANCIAL STATEMENTS

STATEMENT OF CASH FLOWS FOR 2017

STATEMENT OF CASH FLOWS FOR 2017

6.4

2017

2016

Notes

In millions of euros

Net income

778.3

1091.2

Depreciation and amortisation

0.5

11.6

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

11

124.2

112.7

59.5

76.2

Operating cash flows

962.5 238.2 (92.5)

1,291.7

Change in intra-group current accounts

(13.9)

Change in other receivables

8.9

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

23.9

(10.8) (15.8)

169.6

1,132.1

1,275.9

Acquisitions of intangible assets

6 6 7 7

(8.6) (2.3)

(6.3) (3.8)

Acquisitions of property, plant and equipment

Acquisitions of investment securities Acquisitions of other financial assets

(70.5) (71.2)

(34.1)

(8.5) 39.4

Disposals

2.7

Change in receivables and payables related to fixed assets

(0.1)

0.2

NET FLOWS ASSIGNED TO INVESTMENT

(150.0) (399.3) (188.5) (587.8)

(13.1)

Dividends paid

(356.0) (108.1) (464.1)

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

394.3

798.8 925.6

13 13

1,724.4 2,118.7

1,724.4

394.3

798.8

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

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2017 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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