SOMFY_ANNUAL_FINANCIAL_REPORT_2017

08 PARENT COMPANY FINANCIAL STATEMENTS

RAW MATERIAL RISK NOTE 15.2 Somfy SA protects its manufacturing subsidiaries against fluctuations in the price of raw materials via hedging agreements for materials on the financial markets (copper and zinc paper hedging) on components that cannot be physically covered. Income and expenses on completed hedging transactions have been reinvoiced in full to the subsidiaries concerned. The unrealised loss resulting from the recognition at fair value of the financial instruments, whose nature as a hedge cannot be demonstrated, was recognised at the end of the financial year. At 31 December 2017, the effective portion of hedges was valued at €0.1 million and the ineffective portion was nil.

31/12/17

Tonnes

Hedging of off-balance sheet items € thousands

Fair value € thousands

Types

Copper

285 570 855

1,627 1,556 3,183

85 Swap-Options 6 Swap-Options

Zinc

91

STATUTORY AUDITORS' FEES NOTE 16 — The amount of the Statutory Auditors' fees, excluding tax and disbursements, paid by Somfy SA (issuer) is in note 14 to the consolidated financial statements.

SUBSIDIARIES AND INVESTMENTS NOTE 17 —

Share capital and premium

Reserves and retained earnings before allocation of net profit

Share of capital held (%)

Profit/(loss) for the last financial year

Sales Dividends received

€ thousands

Subsidiaries (at least 34% of share capital held by the company) DSG Coordination Center SA 4,136

182

99.98% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.99% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 95.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 95.00%

391

–

–

Somfy Activités SA

35,000

68,465

40,728

431,330

75

CMC SARL

8

–618

1,631 3,084

– –

– – – – – – – – – – – – – – –

Somfybat SNC

6,830

11,493

Somfy Ltd

146 306 348

–15 332 162

236

11,903 14,054 28,368

Somfy PTY Ltd NV Somfy SA

1,493 1,693

Somfy Brazil LTDA

11,188

–7,468 12,767

–2,519

5,937

77

Somfy GmbH

1,500

9,965

157,767

1,800

Somfy KFT

787 177 132 307 314

–154

21

4,388

Somfy Spol sro Somfy Sp zoo SC Somfy SRL

144

1,206 2,961

18,712 33,135

82

–30

106

1,667 6,652

Somfy Joo

3,103 7,057

57

Somfy Italia SRL Somfy España SA Somfy Systems Inc.

2,000

1,006

22,807 26,715 88,386 27,086

10,010

88,060

10,328

8,005

8,786

343

4,810 1,587

Somfy AG

30 71

1,107 1,166

Somfy Sweden AB

93

6,315 4,126 5,415

Somfy PTE Ltd Somfy Co Ltd

533

216

389 314

10,423

1,326

182

LianDa

6,960

–10,871

3,628

36,839

–

128

SOMFY – ANNUAL FINANCIAL REPORT 2017