SOMFY - Half-Year Financial Report 2019

2019 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 02

FINANCIAL ASSETS AND LIABILITIES NOTE 9.2 Financial assets Note 9.2.1

Equity investments

Loans Deposits and guarantees

Other Non-current and current financial assets

Realisable within 1 year

Non-current financial assets

€ thousands

4,297

3,849

At 1 January 2019

1,509

286 597

2,499

3

448

947

946

Increase Decrease

239

111 -68

— —

1

-1,170

—

— -1,102

-1,170

262

262

Net change in impairment

1

261

— —

—

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income

—

-2

— 1

-1

—

2

—

—

— — — —

—

—

—

— — — —

—

250

-972

Other movements AT 30 JUNE 2019

— 250

— —

1,222

1,749 1,749

294 230

2,541 2,103

3

4,587 4,083

504

4,083

— —

Non-current financial assets Current financial assets

—

— —

504

— 64

438

3

Financial assets realisable within one year mainly comprise short-term deposits. Financial liabilities Note 9.2.2

Borrowings from credit institutions

Lease liabilities

Other borrowings and financial liabilities

Total liabilities from financing activities

Bank overdrafts

Non-current and current financial liabilities

Due within 1 year

Non- current financial liabilities

€ thousands

At 1 January 2019

31,316

37,248

11,597

1,532 4,973 24,810 — — 2

5,932 1,309

25,650

2

1,312

2

Increase in borrowings

1,309

Repayment of borrowings and lease liabilities Other movements related to business acquisitions Impact of the application of IFRS 16 from 1 January 2019 Impact of the revaluation of put options Impact of changes in foreign exchange rates Total cash movements

-7,067

-7,067

—

-170 -6,863

-34

-1

-7,067

-869

-869

—

— — -869

—

-869

-170 -6,863

-901

-7,933

1,309

-6,625 -6,627

2

42,105

42,105

30,671

— 42,105

—

—

11,434

123

123

123

— — 123

—

—

156

123

-913

6

146

3

-33

1,036

14,099

14,099

14,099

New lease liabilities

— 14,099

—

—

—

Impact of changes in consolidation scope and method

—

—

—

— — —

—

—

1

1

-798

Other movements

— — 1

—

799

Total non-cash movements

6 56,350

127

56,483 79,866 54,782 25,084

-33

56,451 13,269 43,182 87,074 32,292 54,782

AT 30 JUNE 2019

1,369 54,461 24,037

7,207

54,782 32,292

— —

Non-current financial liabilities Current financial liabilities

1,160 46,808

6,814

—

— —

208 7,653 17,223

7,207

Financial liabilities have been impacted by the application of IFRS 16 on 1 January 2019 in the amount of €42.1 million. Other borrowings and financial liabilities include the debt relating to the put options granted to the holders of non-controlling interests and to earnouts, which amounted to €24.0 million at 30 June 2019 and €24.8 million at 31 December 2018.

25

SOMFY – HALF-YEAR FINANCIAL REPORT 2019