SOMFY - Annual financial report 2018

08 PARENT COMPANY FINANCIAL STATEMENTS

SHAREHOLDERS’ EQUITY NOTE 10 — STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY NOTE 10.1

Balance at 31/12/17 before allocation of net profit

Allocation of net profit for the year to 31/12/17

2018 movements

Balance at 31/12/18 before allocation of net profit

Proposed allocation of 2018 net profit

Balance at 31/12/18 after allocation of net profit

€ thousands Share capital Share premium

7,400 1,866 5,929

– – – – –

– – – – – –

7,400 1,866 5,929

– – – – –

7,400 1,866 5,929

Revaluation reserve

Legal reserve

740

740

740

Regulated reserves

–

–

–

Other reserves

411,062

62,242 -3,231

473,304

49,896 -3,455 -98,241

523,200

Retained earnings

3,231

3,455

3,455

– – –

Net profit

107,111 -107,111

98,241

98,241

Regulated provisions

–

–

–

–

–

537,339

-48,100 101,696

590,934

-51,800

539,135

The €3.5 million change in 2018 “Retained earnings” corresponds to dividends not paid to treasury shares.

COMPOSITION OF SHARE CAPITAL NOTE 10.2

Euros

Number of shares

Par value

Shares – At the start of the year At the end of the year

37,000,000 37,000,000

0.2 0.2

Convertible bonds and similar securities –

–

–

TREASURY SHARES NOTE 10.3

€ thousands

31/12/17

Increase

Decrease

Transfer

31/12/18

Stock options and free shares

€ thousands

50,283

– –

-205

– – – –

50,079

number

1,426,185

-8,525 -11,979 -146,505

1,417,660

Liquidity contract

€ thousands

929

12,170 152,896

1,119

number

11,012

17,403

Shares retained for potential acquisitions

€ thousands

48,056

–

–

–

48,056

number

1,221,770

– – –

– – –

– – – – –

1,221,770

Treasury shares

€ thousands

– –

– –

number

€ thousands

99,269

12,170 152,896

-12,184 -155,030

99,254

TOTAL TREASURY SHARES

number

2,658,967

2,656,833

134

SOMFY – ANNUAL FINANCIAL REPORT 2018