SOMFY_ANNUAL_FINANCIAL_REPORT_2017

07 CONSOLIDATED FINANCIAL STATEMENTS

Non-current provisions Note 9.1.1

Provisions for guarantees

Provisions for litigation

Provision for employee liability

Provisions for liabilities and charges

Total 2017

€ thousands

13,180

At 1 January 2017

6,238

1,844

447

4,651

848

Charges

30

651

49

118 –60 –63

–970 –485 –364

Used reversals Unused reversals

– –

–843 –422

–67

– – – –

Changes in foreign exchange rates Changes in consolidation scope

–163

–5

–196

–

– –

– –

–

Other movements

–458

–458 3,992

AT 31 DECEMBER 2017

6,105

1,225

429

11,751

Current provisions Note 9.1.2

Provisions for guarantees

Provisions for litigation

Provisions for liabilities and charges

Total 2017

€ thousands

8,581

At 1 January 2017

5,536 –109

1,226

1,819

509

Charges

137

482

–476

Used reversals Unused reversals

– –

–192 –860

–284 –285

–1,145

–201

Changes in foreign exchange rates Changes in consolidation scope

–160

1 – –

–42

–

– –

–

Other movements

458

458

AT 31 DECEMBER 2017

5,267

312

2,148

7,727

CONTINGENT LIABILITIES NOTE 9.2

Contingent liabilities correspond to potential obligations arising from past events, whose existence will only be confirmed by the occurrence of uncertain future events that are beyond the entity’s control, or from current obligations for which no cash outflow is likely to occur. Except for those resulting from business combinations, they are not recognised but disclosed in the notes to the financial statements.

All the Group’s contingent liabilities are listed in the Highlights.

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SOMFY – ANNUAL FINANCIAL REPORT 2017