SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

CUSTOMER RELATIONSHIPS Customer relationships are estimated and recorded as an asset on the balance sheet as part of business combinations. These intangible assets are amortised over their estimated value-in-use.

BRANDS Brands are estimated and recorded as an asset on the balance sheet as part of business combinations. These intangible assets have indeterminate useful lives and are subject to impairment tests at least once a year or more frequently, when events or changes in circumstances indicate that they have been impaired (indication of impairment).

Allocated intangible assets

Deve- lopment costs

Patents and brands

Software Other In progress and advance payments

Total

€ thousands

139,693

Gross value at 1 January 2018

29,963 42,926

8,267 48,549 2,294

7,694 8,365

9,919

Acquisitions

–

553

42

911

48

-871

Disposals

-261

–

– 7

-331

-279

– –

-77

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

-52

-10

-20

-2

-24,220

-19,861

86

-4,072

-374

–

–

-6

Other movements

–

5,401

–

4,853

–

-10,260

AT 31 DECEMBER 2018

9,789 48,957 -19,928 -29,892

4,244 53,588 2,061 -3,577 -38,671 -1,860

5,799 124,437

-93,928 -8,937

Accumulated amortisation at 1 January 2018

– – – –

Amortisation charge for the period

-1,173

-3,753

-451

-3,474

-86 278

743

Disposals

140

–

-1 -8

326

53

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

31

10

19

1

14,685

13,902

-86

737

132

–

–

10

Other movements

–

-41

-4

51

4

–

AT 31 DECEMBER 2018

-7,027 -33,763 2,762 15,194

-3,304 -41,617 -1,662

– -87,373

NET VALUE AT 31 DECEMBER 2018

940 11,971

398

5,799* 37,064

Of which development expenses in progress amounting to €4.7 million. *

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

96

SOMFY – ANNUAL FINANCIAL REPORT 2018