SOMFY - 2021 Half-year financial report

02 2021 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

FINANCIAL ITEMS NOTE 9 — NET FINANCIAL INCOME/(EXPENSE) NOTE 9.1

30/06/21 6 months

30/06/20 6 months

€ thousands

Cost of net financial debt

-1,326

-929

Financial income from investments – Financial expenses related to borrowings – Of which financial charges related to IFRS 16 ●

363

552

-1,689

-1,481

-434

-496

Effect of foreign currency translation

1,076 3,105 2,855

-4,883 1,845 -3,967

Other

NET FINANCIAL INCOME/(EXPENSE)

Net financial income was €2.9 million for the six months to 30 June 2021, compared with an expense of €4.0 million for the period ended 30 June 2020. The increase was mainly due to more favourable unrealised exchange rate effects on foreign currency receivables and payables (BRL in particular, which deteriorated significantly in 2020), and by a higher reversal of the provision on Garen’s financial assets (€3.2 million in2021 compared with €1.9 million in 2020).

FINANCIAL ASSETS AND LIABILITIES NOTE 9.2

Financial assets Note 9.2.1

Equity investments

Loans Deposits and guarantees

Other Current and non-current financial assets

Realisable within 1 year

Non-current financial assets

€ thousands

4,060

3,653

At 1 January 2021

1,929

142

1,986

3

406

252

252

Increase Decrease

50

— 202

— -3

—

-782

—

— -733 — 3,168

-46

-782

3,168

3,168

Net change in impairment Impact of changes in foreign exchange rates

— —

—

817

812

— 817

— —

6

Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income

162

162

— — 81

81

—

—

—

— —

— —

—

147

-680

Other movements AT 30 JUNE 2021

— 146

1

— 80 78

827 457

1,979 3,540 1,979 3,479

2,223 1,830

7,823 7,367

7,367

— —

Non-current financial assets Current financial assets

— —

457

— 61

393

3

The impact of changes in consolidation scope is linked to the acquisition of Répar’stores.

Financial assets realisable within one year mainly comprise short-termdeposits.

24

SOMFY – HALF-YEAR FINANCIAL REPORT 2021