SOMFY_ANNUAL_FINANCIAL_REPORT_2017

07 CONSOLIDATED FINANCIAL STATEMENTS

Movements between 2016 and 2017 can be analysed as follows:

RETIREMENT BENEFITS – FRANCE

Gross obligation

Plan assets Net obligation Balance sheet position

€ thousands

At 31 December 2016

20,080 –1,098 –1,098

–2,550

17,530 –1,139 –1,098

17,530 –1,139 –1,098

Net expense for the period:

–41

Current service cost and financial cost –

–

Return on plan assets – Employee contributions –

– – –

–41

–41

–41

–

–

–

–150 –669 –271

Contributions paid

–150 1,888

–150 –669 –271

Benefits paid

–2,557

Actuarial gains & losses/Past service cost

–272

1 –

Changes in consolidation scope

–

–

–

AT 31 DECEMBER 2017

16,153

–852

15,301

15,301

Gross obligation

Plan assets Net obligation Balance sheet position

€ thousands

At 31 December 2015

15,720

–2,594

13,126

13,126

1,521 1,572

Net expense for the period:

1,572 1,572

–51

1,521 1,572

Current service cost and financial cost –

–

Return on plan assets – Employee contributions –

– – –

–51

–51

–51

– –

– –

– –

Contributions paid

–174 2,321

Benefits paid

–222 2,274

48 47

–174 2,321

Actuarial gains & losses/Past service cost

Changes in consolidation scope

736

736

–

736

AT 31 DECEMBER 2016

20,080

–2,550

17,530

17,530

RETIREMENT BENEFITS – OTHER COUNTRIES

Gross obligation

Plan assets Net obligation Balance sheet position

€ thousands

At 31 December 2016

20,390

–15,551

4,839

4,839

644

Net expense for the period:

1,079 1,079

–435

644

Current service cost and financial cost –

–

1,079 –435

1,079 –435

Return on plan assets – Employee contributions –

– – –

–435

–

–

–

–1,045

Contributions paid

–1,045

–1,045

–353 –250 –178

Benefits paid

–353

–

–353 –250 –178

Actuarial gains and losses

–2

–248 1,944

Changes in foreign exchange rates Changes in consolidation scope

–2,122

–

–

–

–

AT 31 DECEMBER 2017

18,992

–15,335

3,657

3,657

104

SOMFY – ANNUAL FINANCIAL REPORT 2017