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Appendix 1 of the Consolidated Financial Statements

T.87 Changes in Fixed Assets 2018 (€ million)
Purchase costs Accumulated depreciation Carrying amounts
Balance
1/1/2018		 Currency changes
and other
changes		 Additions/
retransfers		 Changes
in group of
consol­idated companies		 Disposals Balance
12/31/2018		 Balance
1/1/2018		 Currency changes
and other
changes		 Additions/
retransfers1)		 Changes
in group of
consol­idated companies		 Disposals Balance
12/31/2018		 Balance
12/31/2018		 Balance
12/31/2017
PROPERTY, PLANT AND EQUIPMENT
Land, land rights and buildings including buildings on third party land 131.8 34.7 3.7 -1.2 169.0 -42.1 -6.4 0.9 -47.7 121.4 89.7
Technical equipment and machines 19.2 -1.4 14.4 -0.5 31.7 -9.1 0.7 -2.9 0.4 -10.9 20.8 10.1
Other equipment, factory and office equipment 360.2 4.7 67.6 -28.4 404.1 -238.2 -0.3 -55.6 27.3 -266.8 137.3 122.0
Payments on account and assets under construction 38.3 -42.5 20.3 -1.0 15.2 0.0 0.0 15.2 38.3
549.5 -4.5 106.0 -31.0 620.0 -289.5 0.4 -65.0 28.7 -325.4 294.6 260.1
INTANGIBLE ASSETS
Goodwill 288.2 3.9 -1.6 290.5 -46.3 -0.1 1.6 -44.8 245.7 241.9
Intangible assets with an indefinite useful life 136.2 5.6 141.8 -17.7 -17.7 124.1 118.5
Other intangible assets 156.0 0.6 32.2 -5.3 183.7 -103.7 -0.3 -17.2 5.1 -116.1 67.5 52.4
580.4 10.3 32.2 -6.9 616.0 -167.7 -0.5 -17.2 6.7 -178.6 437.4 412.7
1) There was an impairment for fixed assets in the amount of € 0.6 million in the financial year 2018 (see chapter 9). No impairment loss was recognized for intangible assets (see chapter 10).
T.88 Changes in Fixed Assets 2019 (€ million)
Purchase costs Accumulated depreciation Carrying amounts
Balance*
1/1/2019		 Currency changes
and other
changes		 Additions/
retransfers		 Changes
in group of
consol­idated companies		 Disposals Balance
12/31/2019		 Balance*
1/1/2019		 Currency changes
and other
changes		 Additions/
retransfers1)		 Changes
in group of
consol­idated companies		 Disposals Balance
12/31/2019		 Balance
12/31/2019		 Balance
12/31/2018
PROPERTY, PLANT AND EQUIPMENT
Land, land rights and buildings including buildings on third party land 169.0 3.0 -0.7 171.3 -47.7 -0.1 -6.2 0.6 -53.4 117.9 121.4
Technical equipment and machines 22.5 -1.6 0.5 -0.2 21.3 -10.2 0.8 -2.3 0.2 -11.5 9.8 20.8
Other equipment, factory and office equipment 404.1 18.6 93.7 -27.6 488.7 -266.8 -4.7 -66.4 24.4 -313.4 175.3 137.3
Payments on account and assets under construction 15.2 -13.2 90.6 -0.9 91.7 91.7 15.2
610.8 3.8 187.8 -29.3 773.1 -324.7 -4.0 -74.9 25.2 -378.3 394.8 294.6
RIGHT-OF-USE ASSETS
Real Estate - Retail stores 409.6 8.2 97.7 -6.5 509.0 -90.3 1.0 -89.3 419.6
Real Estate - Warehouses & offices 188.9 4.0 143.6 -4.5 332.0 -0.1 -51.0 0.8 -50.3 281.7
Others (technical equipment and machines and vehicles) 18.0 7.8 -1.0 24.8 -0.8 -6.7 0.4 -7.0 17.7
616.5 12.3 249.0 -12.1 865.7 -0.8 -0.1 -148.0 2.2 -146.7 719.0
INTANGIBLE ASSETS
Goodwill 290.5 4.1 294.6 -44.8 -0.1 -44.9 249.7 245.7
Intangible assets with an indefinite useful life 141.8 2.4 144.2 -17.7 -17.7 126.5 124.2
Other intangible assets 183.7 3.0 31.8 -2.4 216.1 -116.1 -0.3 -23.5 2.2 -137.8 78.3 67.5
616.0 9.5 31.8 -2.4 654.9 -178.6 -0.5 -23.5 2.2 -200.4 454.5 437.4
1) There was no impairment on fixed assets (in 2018: € 0,6 million, see chapter 9) or intangible assets (in 2018: € 0,0 million, see chapter 10) in the financial year.
* Due to the first-time application of IFRS 16, there was a reclassification between property, plant and equipment and right-of-use assets, see in detail chapter 1.

Appendix 2 of the Consolidated Financial Statements

Members of the Management Board and Supervisory Board and their mandates

Status: 31 December 2019

Members of the Management Board and their mandates

Bjørn Gulden
Chief Executive Officer (CEO)

Membership of other supervisory boards and controlling bodies:

  • Tchibo GmbH, Hamburg
  • Borussia Dortmund GmbH & Co. KGaA, Dortmund
  • Salling Group A/S, Brabrand/Denmark (previously Dansk Supermarked A/S)

Michael Lämmermann
Chief Financial Officer (CFO)

Lars Radoor Sørensen (member until 31 January 2019)
Chief Operating Officer (COO)

Membership of other supervisory boards and controlling bodies:

  • Scandinavian Brake Systems A/S, Svendborg/Dänemark
  • Hoyer Group A/S, Kopenhagen/Dänemark
  • Skiold A/S, Sæby/Dänemark

Anne-Laure Descours (member since 1 February 2019)
Chief Sourcing Officer (CSO)

Members of the Supervisory Board and their mandates

Jean-François Palus
(Chairman)

London, United Kingdom
Group Managing Director and member of the Board of Directors of Kering S.A., Paris/France, responsible for Strategy, Operations and Organization

Membership of other supervisory boards and controlling bodies1:

  • Kering Americas, Inc., New York/USA
  • Kering Tokyo Investment Ltd., Tokyo/Japan
  • Sowind Group S.A., La Chaux-de-Fonds/Switzerland
  • Guccio Gucci SpA., Florence/Italy
  • Gucci America, Inc., New York/USA
  • Kering Eyewear S.p.A., Padua/Italy
  • Yugen Kaisha Gucci LLC, Tokyo/Japan
  • Birdswan Solutions Ltd., Haywards Heath/West Sussex/United Kingdom
  • Paintgate Ltd., Haywards Heath/West Sussex/United Kingdom
  • Kering Asia Pacific Ltd., Hong-Kong/China
  • Kering South East Asia PTE Ltd., Singapore
  • Altuzarra LLC, New York/USA
  • Tomas Maier Holding LLC, New York/USA
  • Tomas Maier Distribution LLC, New York/USA

1 All mandates of Mr Palus are mandates within the Kering-Group. Kering S.A. is a listed company. All other companies within the Kering-Group are not listed.

Thore Ohlsson
(Deputy Chairman)

Falsterbo, Sweden
President of Elimexo AB, Falsterbo/Sweden

Membership of other supervisory boards and controlling bodies:

  • Docktricks AB, Uppsala/Sweden
  • Elite Hotels AB, Stockholm/Sweden
  • Tomas Frick AB, Vellinge/Sweden
  • Tjugonde AB, Malmö/Sweden
  • Dahlqvists Fastighetsförvaltning AB, Kristianstad/Sweden
  • Dofab AB, Malmö/Sweden
  • Orrefors Kosta Boda AB, Kosta/Sweden

Jean-Marc Duplaix (member until 18 April 2019)

Paris, France
Chief Financial Officer (CFO) of Kering S.A., Paris/France

Membership of other supervisory boards and controlling bodies:

  • Redcats S.A., Paris/France
  • E_lite S.p.A., Milan/Italy
  • Pomellato S.p.A., Milan/Italy
  • Kering Japan Ltd., Tokyo/Japan
  • Kering Luxembourg S.A., Luxembourg/Luxembourg
  • Qeelin Holding Luxembourg S.A., Luxembourg/Luxembourg
  • E-Kering Lux S.A., Luxembourg/Luxembourg
  • Kering Spain S.L. (previously named Noga Luxe S.L.), Barcelona/Spain
  • Kering Eyewear S.p.A., Padua/Italy
  • GPo Holding S.A.S., Paris/France
  • Design Management Srl, Florence/Italy
  • Design Management 2 Srl, Florence/Italy
  • Kering Studio S.A.S., Paris/France
  • Balenciaga Asia Pacific Ltd., Hong Kong/China
  • Kering Eyewear Japan Ltd., Tokyo/Japan
  • Redcats Management Services S.A.S., Paris/France
  • Balenciaga S.A., Paris/France
  • Kering Investments Europe B.V., Amsterdam/Netherlands
  • Altuzarra LLC, New York/USA
  • Pomellato Japan Co. Ltd., Tokyo/Japan
  • Bottega Veneta Japan Ltd., Tokyo/Japan
  • Richard Ginori Asia Pacific Co. Ltd., Tokyo/Japan
  • Kering Korea Ltd., Seoul/Republic of Korea
  • KTK Netherlands BV, Amsterdam/Netherlands

Béatrice Lazat (member until 18 April 2019)

Paris, France
Human Resources Director, Kering S.A., Paris/France

Membership of other supervisory boards and controlling bodies:

  • Castera S.A.R.L., Luxembourg/Luxembourg
  • Augustin S.A.R.L., Paris/France
  • Conseil et Assistance S.N.C., Paris/France

Héloïse Temple-Boyer (member since 18 April 2019)

Paris, France
Human Resources Director, Kering S.A., Paris/France

Membership of other supervisory boards and controlling bodies2:

  • Kering S.A., Paris/France
  • Giambattista Valli S.A.S., Paris/ France
  • Société d’exploitation de l’hebdomadaire le Point S.A., Paris/France
  • Royalement Vôtre Editions S.A.S., Paris/France
  • ACHP Plc, London/United Kingdom
  • Christie’s International Plc, London/United Kingdom
  • Palazzo Grassi Spa, Venice/Italy

2 All mandates are mandates within the ARTÈMIS-Group. Kering S.A. is a listed company.

Fiona May (member since 18 April 2019)

Calenzano, Italy
Independent Management Consultant

Membership of other supervisory boards and controlling bodies:

  • R.C.S. Media Group Active Team Srl, Milano/Italy

Martin Koeppel (Employees’ Representative)

Weisendorf, Germany
Chairman of the Works Counsel of PUMA SE

Bernd Illig (Employees’ Representative)

Bechhofen, Germany
Administrator IT Systems of PUMA SE

Supervisory Board Committees

Personnel Committee

  • Jean-François Palus (Chairman)
  • Béatrice Lazat (until 18 April 2019)
  • Fiona May (since 18 April 2019)
  • Martin Köppel

Audit Committee

  • Thore Ohlsson (Chairman)
  • Jean-Marc Duplaix (until 18 April 2019)
  • Héloïse Temple-Boyer (since 18 April 2019)
  • Bernd Illig

Nominating Committee

  • Jean-François Palus (Chairman)
  • Jean-Marc Duplaix (until 18 April 2019)
  • Béatrice Lazat (until 18 April 2019)
  • Héloïse Temple-Boyer (since 18 April 2019)
  • Fiona May (since 18 April 2019)