SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

Contract nominal value

31/12/17 € thousands

Sales 1,434 2,394

Purchases

Net total

Fair value

1,434 2,394

AUD CAD CHF CNY GBP HKD NOK PLN RUB SEK SGD THB TRY USD ILS JPY

– – – – – – – – – – – – –

43 39 28

427

427

-17,298

–

-17,298

265

4,396

4,396

17 21

467

467

3,915

3,915

-4

444

444

43 70

1,413

1,413 3,424

551 677 511 749 312 880

-2,873

7

677 511 749 312 880

-3

4

-6 -3

-36

-834

–

-834

-3

21,442

-21,005

437

483

Foreign exchange hedges by type

Contract nominal value

31/12/18 € thousands

Sales

Purchases

Net total

Fair value

6,128

Fair Value Hedges Cash Flow Hedges

13,761 33,140

-7,634 -11,043

-49

22,097

– –

Net Investment Hedges

– –

– –

– –

Trading

46,901

-18,676

28,225

-49

Contract nominal value

31/12/17 € thousands

Sales

Purchases

Net total

Fair value

-68 506

Fair Value Hedges Cash Flow Hedges

11,389 10,053

-11,458 -9,547

483

– –

Net Investment Hedges

– –

– –

– –

Trading

21,442

-21,005

437

483

Interest rate risk

The majority of the Group companies’ financial liabilities is at variable rate. The Group applies hedge accounting to interest rate hedge instruments. The effective portion of fair value movements is therefore taken to items of other comprehensive income and the ineffective portion is recognised in net financial income/(expense). The Group did not use any interest-rate hedging instruments during the 2018 financial year, as was also the case in 2017.

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SOMFY – ANNUAL FINANCIAL REPORT 2018