SOMFY_HALF-YEAR_FINANCIAL_REPORT_2018

02 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

CONSOLIDATEDCASHFLOWSTATEMENT

Notes

30/06/18 6 months

30/06/17* 6 months

€ thousands

Consolidated net profit

83,198 -2,630 80,568 27,207 -9,629 1,529 2,362 21,665 196

83,535

Net profit from operations treated in accordance with IFRS 5

1,195

Net profit from continuing operations

84,730 18,577

Depreciation and amortisation of assets (excluding current assets)

Charges to/reversals of provisions for liabilities

-631 -436

Unrealised gains and losses related to fair value movements

Unrealised foreign exchange gains and losses

3,989

Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items

-466

21,033

Profit on disposal of assets and others Share of net profit/(loss) from associates

3 4

164 204 346

Deferred tax expense

-580

Cash flow

101,661

106,478

Cost of net financial debt (excluding non-cash items)

644

144

Tax expense (excluding deferred tax) Change in working capital requirements

21,288 -66,911 -12,450 44,233

16,127 -59,871 -17,079 45,798

(11.2)

Tax paid

NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –

-29,718

-27,422 -1,099

non-current financial assets –

-819

Disposal-related proceeds: intangible assets and property, plant and equipment –

629

125

non-current financial assets – Change in current financial assets

—

4,400

3,218 -1,442

509

Acquisition of companies, net of cash acquired

—

Interest received

175

200

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-27,956

-23,287

Increase in loans

73

33

Reimbursement of loans

-1,038 -44,707

-1,159 -41,909 1,055 -1,070 -43,051

Dividends and interim dividends paid

Movement in treasury shares

-482

Interest paid

-1,118

NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C) Net cash flow from operations treated in accordance with IFRS 5 (D) Impact of changes in foreign exchange rates on cash and cash equivalents (E) NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D + E)

-47,273 -20,340

(4) & (5)

118

-681

-878

-52,017 212,564 160,547

-21,299 126,249

CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

(11.1) (11.1)

104,950 * The financial statements have been restated following the determination of the fair value of Myfox’s assets and liabilities and the reclassification of Dooya pursuant to IFRS 5 (see note 4).

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SOMFY – HALF-YEAR FINANCIAL REPORT 2018