SOMFY - 2021 Half-year financial report
02 2021 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
ANALYSIS OF CASH FLOW STATEMENT NOTE 10 — CASH AND CASH EQUIVALENTS NOTE 10.1
30/06/21 6 months 588,519 588,925
30/06/20 6 months 386,190 387,547
€ thousands
CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD
Cash and cash equivalents at the start of the period
Bank overdrafts
-405
-1,357
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
608,097 608,922
441,971 442,930
Cash and cash equivalents at the end of the period
Bank overdrafts
-825
-959
CHANGE IN WORKING CAPITAL REQUIREMENTS NOTE 10.2
30/06/21 6 months
30/06/20 6 months
€ thousands
Net decrease/(increase) in inventory
355
2,108
Net decrease/(increase) in trade receivables Net (decrease)/increase in trade payables Net movement in other receivables and payables CHANGE IN WORKING CAPITAL REQUIREMENTS
-89,452
-43,052
6,749 3,602
996 977
-78,746
-38,971
BUSINESS ACQUISITIONS AND DISPOSALS NET OF CASH ACQUIRED OR DISPOSED OF NOTE 10.3
Net cash flows from acquisitions included €27.5 million from the acquisition of Répar’stores (see note 4), €0.8 million from payment of the last earnout on Somfy Protect and €0.1 millionarising from the buyout of non-controlling interests from BFT India. Net cash flows from disposals correspond to the partial payment of current receivables onthe CIAT disposal (see “Highlights”).
PROVISIONS AND CONTINGENT LIABILITIES NOTE 11 — PROVISIONS NOTE 11.1
Non-current provisions Note 11.1.1
Provision for agents
Provisions for liabilities and charges
Total 2021
Provisions for guarantees
Provisions for litigation
€ thousands
9,645 1,665
At 1 January 2021
4,825
2,730
443
1,647
Charges
539 -59
899
18
209
-680 -432
Used reversals Unused reversals
-434
-47
-140
— -432
— — — —
— -3 — —
29 — —
Impact of foreign exchange rates
32 — —
— — —
Impact of changes in consolidation scope and method
Other movements AT 30 JUNE 2021
5,337
2,763
414
1,713
10,227
26
SOMFY – HALF-YEAR FINANCIAL REPORT 2021
Made with FlippingBook flipbook maker