SOMFY_HALF-YEAR_FINANCIAL_REPORT_2018

02 2018 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FINANCIAL ASSETS AND LIABILITIES NOTE 10.2

Financial assets Note 10.2.1

Financial assets (Fair value recognised in reserves)

Loans Deposits and guarantees

Other Current and non-current financial assets

Realisable within 1 year

Non-current financial assets

€ thousands

6,305

5,405

At 1 January 2018

1,148 2,095

2,989

73 —

900 140

958

818

Increase Decrease

671

1

286

-3,801 1,502

-443

— -3,801 — 1,502

— — — —

-3,358

1,502

Net change in provisions Impact of changes in foreign exchange rates

—

16

11

22

2

-8

—

5

Impact of changes in consolidation scope and method

-527

-120

— —

-457

-70

-407

281

-3,102 4,070

Other movements AT 30 JUNE 2018

— 282

— —

3,384

1,842

79

2,810

3

4,734

663

Financial assetsavailable for sale are recorded at fair value. Financial assetsrealisablewithin one year mainly comprise short-term deposits. The change of consolidation method mainlyconcerns Dooya (see note 1.1). Financial liabilities Note 10.2.2

Borrowings from credit institutions

Lease commit- ments

Other borrowings and financial liabilities

Total liabilities from financing activities 110,099

Bank overdrafts

Current and non-current financial liabilities

Due within 1 year

Non-current financial liabilities

€ thousands

At 1 January 2018

110,368 13,792

33,516

20,081 6,148

83,870

269

76,852 13,719 -1,092

73

73

Increase in borrowings

72

—

—

13,719

-1,038

-1,399

-307 -234

Reimbursement of borrowings Total cash movements Impact of the revaluation of put options Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

-100 -582 -28 -582

-357 -356

-361

-966

13,358

12,392 12,627

108

108

108

— — 108

—

—

321

686

406

-21

— 342

365

280

-63,162

-63,162

-5,136

-18,500

— -44,661

—

-58,026

-9,724

-9,724

-16,759

Other movements

— — -9,724

—

7,035

Total non-cash movements

-18,521

— -53,936 -72,457

365 -72,092 -50,712 -21,380

AT 30 JUNE 2018

1,532 5,566

29,578

36,676

13,993

50,668 38,767

11,901

The subsequent fair values of liabilities corresponding to put options granted to holders of non-controlling interests are recognised in equity. Other borrowings and financial liabilities include the debt relating to the put options granted to the holders of non-controllinginterests and to earnouts, which amounted to €29.1 million at 30 June 2018 and €78.1 million at 31 December 2017, as well as deferred settlements of €5.2 million at31 December 2017. At 30 June 2018, the put option granted to the Dooya minority shareholders included a derivative whose value (€16.6 million) was equal to the differencebetween the contractualvalue of that optionand its underlying fairvalue as determinedby an independent expert. The change of consolidation method mainlyconcerns Dooya (see note 1.1)and explains the majority ofthe change in financialliabilities. Other movementsrelate to the revaluationof earnouts concerningMyfox (see note 1.5).

28

SOMFY – HALF-YEAR FINANCIAL REPORT 2018