SOMFY - Annual financial report 2018

08 PARENT COMPANY FINANCIAL STATEMENTS

RAW MATERIAL RISK NOTE 15.2 Somfy SA protects its manufacturing subsidiaries against fluctuations in the price of raw materials via hedging agreements for materials on the financial markets (copper and zinc paper hedging) on components that cannot be physically covered. Income and expenses on completed hedging transactions have been reinvoiced in full to the subsidiaries concerned. The unrealised loss resulting from the recognition at fair value of the financial instruments, whose nature as a hedge cannot be demonstrated, was recognised at the end of the financial year. At 31 December 2018, the effective portion of hedges was valued at €0.1 million and the ineffective portion was nil.

Tonnes

Hedging of off-balance sheet items € thousands

Fair value € thousands

Types

31/12/18

Copper

319 608 927

1,714 1,352 3,066

-63 -56

Swap Swap

Zinc

-119

Tonnes

Hedging of off-balance sheet items € thousands

Fair value € thousands

Types

31/12/17

Copper

285 570 855

1,627 1,556 3,183

85

Swap-options Swap-options

Zinc

6

91

STATUTORY AUDITORS’ FEES NOTE 16 — The amount of the Statutory Auditors' fees, excluding tax and disbursements, paid by Somfy SA (issuer) is in note 14 to the consolidated financial statements.

SUBSIDIARIES AND INVESTMENTS NOTE 17 —

Share capital and premium

Reserves and retained earnings before allocation of net profit

Share of capital held (%)

Profit/(loss) for the last financial year

Sales Dividends received

€ thousands

Subsidiaries (at least 34% of share capital held by the company) DSG Coordination Center SA 668

212

100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.99% 100.00% 100.00% 100.00% 100.00% 100.00% 95.00% 100.00% 100.00% 100.00%

210

–

– – – – – – – –

Somfy Activités SA

35,000

108,042

43,827

450,377

CMC

8

-64

130

– –

Somfybat Somfy Ltd

6,830

13,577

1,690

146 306 348

212

303

13,288 14,241 30,525

Somfy PTY Ltd NV Somfy SA

14 55

1,121 2,016 -1,221 10,122

Somfy Brasil LTDA

11,188

-9,956 5,719

4,780

Somfy GmbH (Germany) Somfy Kereskedelmi KFT

1,500

163,175

1,200

787 177

-158

105

4,249

– –

Somfy Spol sro

86

2,042

21,402

Somfy spolka z ograniczona odpowiedzialnoscia

132

131

3,253

37,932

–

Somfy SRL

307 314

76

67 64

1,948 6,335

– – –

Chusik Hoesa Somfy Somfy Italia SRL Somfy España SA Somfy Systems Inc.

1,989 8,051

2,000

1,534

23,961

10,010

73,785

17,314

30,049 14,600

8,786

4,675

6,377

85,024

–

139

SOMFY – ANNUAL FINANCIAL REPORT 2018