SOMFY_HALF-YEAR_FINANCIAL_REPORT_2018

02 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

Other current receivables Note 7.5.2

30/06/18

31/12/17 Restated for operations treated in accordance with IFRS 5

31/12/17

€ thousands

Gross values Receivables from employees Other taxes (including VAT)

700

611

4,103 9,470 6,896

5,012 8,766 9,751

8,870 6,549

Prepaid expenses Other receivables

10,723 26,753

11,928 32,397

TOTAL

24,229

The item “Other receivables” notably includes current receivables on the disposal of CIAT totalling €7.6 million at both 30 June 2018 and 31 December 2017.

INTANGIBLE ASSETS AND PROPERTY, PLANT AND EQUIPMENT NOTE 8 —

GOODWILL AND IMPAIRMENT TESTS NOTE 8.1

Goodwill Note 8.1.1

€ thousands

Value

At 1 January 2018

196,842 -90,027

Impact of changes in consolidation scope and method

Impact of changes in foreign exchange rates

-307

Charge for impairment

-9,700 96,807

AT 30 JUNE 2018

The change in consolidation method resulted in a €90.5 million reduction for Dooya and a €0.5 million increase for Neocontrol (see notes 1.1 and 1.3). The charge for impairmentrelated to Myfox (seenote 1.5). Impairment tests Note 8.1.2 The revision ofthe Myfox business plan ledto the recognition ofgoodwill impairment of €9.7 millionat 30 June 2018. For the purposeof the impairmenttest, a discount rate of 14.0% and a growth rate to infinity of 2.0% were used. No indicationof impairment wasnoted on other GroupCGUs at 30 June 2018 as part of the review of material intangibleassets. Sensitivity analysis The Group conducted sensitivity analyses on the results ofimpairment testsusing different assumptions for EBITDA ratio and discount rate. Analyses of the sensitivity of calculations to assumptions considered individually, including changes deemed reasonably possible in these assumptions, have highlighted scenarios where the recoverable value would fall below the book value of assets subject to the tests, therefore requiring additionalimpairment of thelatter: half a percentage point increase in the discount rate could result in the need to recognise an additional €1.7 million impairment of – Myfox’s goodwill. A one and a half percentage point decrease in the EBITDA to sales ratio used in the calculation of the terminal value would have required anadditional impairment of €2.1 million.

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SOMFY – HALF-YEAR FINANCIAL REPORT 2018