BALANCE SHEET

Hennes & Mauritz Reported Balance Sheet (SEK million)

Classification Fiscal year November 30 2,011
ASSETS
Cash and Marketable Securities Short term investmens 6,958
Cash and Marketable Securities Liquid Funds 14,319
Trade Receivables Account reveivable 2,337
Inventories Stock in Trade 13,819
Other current assets Other receivables 919
Other current assets Prepaid expense 1,110
Total Current Asset 39,462

Derivatives Assets Forward contracts 456

Non Current Tangible Asset Leasehold rights 585
Non Current Tangible Asset Building and land 804
Non Current Tangible Asset Equipment, tools, fixtures, and fittings 16,589
Non Current Intangible Asset Brands 302
Non Current Intangible Asset Customer relations 84
Non Current Intangible Asset Goodwill 64
Other Non Operating InvestmentsLeng term-receivables 608
Deffered Tax Assets Deffered tax receivables 1,234
Total Non Current Assets 20,726
TOTAL ASSETS 60,188

LIABILITIES AND SHAREHOLDERS EQUITY

Trades payable Account payable 4,307
Other Current Liabilities Tax liabilities 1,851
Other Current Liabilities Other liabilities 2,278
Other Current Liabilities Accrued expenses 6,171
Total Current Liabilities 14,607
Derivatives Liability Forwards contract 150
Non Current Debt Provisions for pensions 377
Deffered Tax Liabilities Deffered Tax Liabilities 950
Total Non Current Liabilities 1,477

Ordinary Shareholders Equity Share capital 207

Ordinary Shareholders Equity Reserves -487
Ordinary Shareholders Equity Retained earning 28,563
Ordinary Shareholders Equity Profit for the year 15,821
Equity 44,104
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 60,188
 INCOME STATEMENT
Hennes & Mauritz Reported Income Statement (SEK million)
Classification Fiscal year ended November 30 2,011

Sales Sales, excluding VAT 109,999

Cost of sales (function) Cost of good sold -43,852
Gross Profit 66,147

SG & A (Function) Selling expense -42,517

SG & A (Function) administrative expenses -3,251
Operating profit 20,379

Interest income Interest income 568

Interest expense Interest expense -5
Profit before tax 20,942
Tax expense Tax -5,121
Net profit/loss Profit for the year 15,821
 CASH FLOW
Hennes & Mauritz Reported Income Statement (SEK million)
Classification Fiscal year ended November 30 2,011

Profit before interest and tax Profit after financial items 20,942
Profit before interest and tax Net interest expense -563
Tax paid Tax paid -5,666
Non current operating accrual Provision for pensions 120
Non current operating accrual Depreciation 3,262
Interest received Interest received 568
Net or liquidation of operating working capital Changes in current receivables -244

Net or liquidation of operating working capital Changes in stock in trade -2,331

Net or liquidation of operating working capital Changes in current liabilities 1,337

Interest paid Interest paid -5
Cash Flow Form Current Operations 17,420

Net or liquidation of operating or investment

Investment in leasehold rights -71
non current liabilities
Net or liquidation of operating or investment
Sales of/investments in buildings and land -157
non current liabilities
Net or liquidation of operating or investment
Investment in fixed assets -4,946
non current liabilities
Net or liquidation of operating or investment Change in financial investment. 3-12
1,209
non current liabilities mounth
Net or liquidation of operating or investment
Other investment -91
non current liabilities
Cash flow From Investment Activities -4,056

Dividend Payments Dividend -15,723

Cash Flow From Financial Activities -15,723

Exchange rate effect -13

Cash flow for the year -2,372
Liquid funds at beginning of year 16,691
Liquid funds at end of year 14,319