SOMFY_ANNUAL_FINANCIAL_REPORT_2017
07 CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED CASH FLOW STATEMENT
€ thousands
Notes
31/12/17 31/12/16*
Consolidated net profit
157,742 43,440
143,297 43,693
Depreciation and amortisation of assets (excluding current assets)
Charges to/reversals of provisions for liabilities
–607 –601 6,359 1,790
–203
Unrealised gains and losses related to fair value movements
263
Unrealised foreign exchange gains and losses
–5,877
Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items
3,631
50,381
41,508
Profit on disposal of assets and others Share of net profit/(loss) from associates
1,846
1,523
968
37
Deferred tax expense
–2,831 208,106
–4,673 181,693
Cash flow
Cost of net financial debt (excluding non-cash items)
1,454 5,929
845
Tax expense (excluding deferred tax) Change in working capital requirements
35,956 –27,344 –35,350 155,799
(8.3)
–9,905 –19,562 186,021
Tax paid
NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –
(8.2)
–65,801 –1,536
–65,579
non-current financial assets –
–591
Disposal-related proceeds: intangible assets and property, plant and equipment –
(8.2)
1,309 9,795
1,053 4,400 1,556
non-current financial assets – Change in current financial assets
687
Acquisition of companies, net of cash acquired Disposal of companies, net of cash disposed Dividends paid by non-consolidated companies
(8.4) (8.4)
– – 8
–4,629
1,205
1
Interest received
387
222
NET CASH FLOW FROM INVESTING ACTIVITIES (B)
–55,152
–62,362
Increase in loans
4,925
–
Reimbursement of loans
–2,113
–23,783
Net increase in shareholders’ equity of subsidiaries
5
5
Dividends and interim dividends paid
–41,909
–39,126
Movement in treasury shares
271
–49
Interest paid
–3,089 –41,911 –2,642 86,316 126,249 212,564
–2,840 –65,793
NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C) Impact of changes in foreign exchange rates on cash and cash equivalents (D)
–667
NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
26,976 99,272 126,249
(8.1) (8.1)
* The financial statements have been restated following the determination of the fair value of Myfox’s assets and liabilities (see note 2.3).
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SOMFY – ANNUAL FINANCIAL REPORT 2017
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