SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

Non-current provisions Note 9.1.1

Provisions for guarantees

Provisions for litigation

Provision for agents

Provisions for liabilities and charges

Total 2018

€ thousands

11,751

At 1 January 2018

6,105

1,225

429

3,992

849

Charges

82

512

27

228 -85

-542 -412

Reversals used Reversals unused

– –

-438 -223

-19

– – – –

-189

-17

Impact of changes in foreign exchange rates

-23

-2

8

-2,660

Impact of changes in consolidation scope and method

-512

– –

-2,148

Other movements

-32

-32

–

AT 31 DECEMBER 2018

5,620

1,074

437

1,805

8,936

The change in consolidation method mainly concerns Dooya (see Highlights).

Current provisions Note 9.1.2

Provisions for guarantees

Provisions for litigation

Provisions for liabilities and charges

Total 2018

€ thousands

7,727 1,908

At 1 January 2018

5,267

312 409 -79

2,148 1,499

Charges

–

-864 -508

Reversals used Reversals unused

-129

-656 -508

–

–

-14

Impact of changes in foreign exchange rates

-7

-1

-6

-791

Impact of changes in consolidation scope and method

-791

– –

– –

Other movements

32

32

AT 31 DECEMBER 2018

4,371

641

2,477

7,489

A provision of €1.2 million has been established for the termination costs of a project in China. The change in consolidation method mainly concerns Dooya (see Highlights).

CONTINGENT LIABILITIES NOTE 9.2

Contingent liabilities correspond to potential obligations arising from past events, whose existence will only be confirmed by the occurrence of uncertain future events that are beyond the entity’s control, or from current obligations for which no cash outflow is likely to occur. Except for those resulting from business combinations, they are not recognised but disclosed in the notes to the financial statements.

All the Group's contingent liabilities are listed in the Highlights.

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SOMFY – ANNUAL FINANCIAL REPORT 2018