SOMFY_ANNUAL_FINANCIAL_REPORT_2017

07 CONSOLIDATED FINANCIAL STATEMENTS

The financial statements published at 31 December 2016 have been restated following the allocation of the acquisition cost of Myfox.

Newly-acquired companies are consolidated from the date effective control is assumed.

Details on the restatement of the historical data are provided below:

INCOME STATEMENT

31/12/16 Published

Allocation of Myfox acquisition cost

31/12/16 Restated 216,816 –39,605 177,603 177,385 –2,117 175,268 –31,286

€ thousands

EBITDA

216,816 –39,465 177,743 177,525 –2,117 175,408 –31,286

–

Amortisation and depreciation charges

–140 –140 –140

CURRENT OPERATING RESULT

OPERATING RESULT

NET FINANCIAL EXPENSE

–

PROFIT BEFORE TAX

–140

Income tax

– –

Share of net profit/(loss) from associates

–684

–684

CONSOLIDATED NET PROFIT Attributable to Group share

143,437 141,097

–140 –140

143,297 140,957

Attributable to Non-controlling interests

2,341

–

2,341

BALANCE SHEET

Assets € thousands

31/12/16 Published Net

Allocation of Myfox acquisition cost

31/12/16 Restated Net

Non-current assets Goodwill Net intangible assets Equity and liabilities € thousands Shareholders’ equity Net profit for the period Non-controlling interests Total Shareholders’ equity Non-current liabilities Other financial liabilities Group share

205,568 44,515

–5,174

200,394 48,575

4,060

31/12/16 Published

Allocation of Myfox acquisition cost

31/12/16 Restated

141,097 657,660

–140 –140

140,957 657,520

252

–

252

657,911

–140

657,771

36,348

–974

35,374

80

SOMFY – ANNUAL FINANCIAL REPORT 2017