SOMFY_ANNUAL_FINANCIAL_REPORT_2017

08 PARENT COMPANY FINANCIAL STATEMENTS

WRITEDOWN OF NON-CURRENT ASSETS NOTE 6.3

Amount at 31/12/16

Charges Reversals used

Reversals unused

Merger movements

Other movements

Amount at 31/12/17

€ thousands

Writedown provisions on financial assets

30,595

3,308

–1,363

–219

–

–

32,321

30,595

3,308

–1,363

–219

–

–

32,321

ANALYSIS OF MATURITY OF RECEIVABLES NOTE 7 —

€ thousands

Total

Less than 1 year More than 1 year

Non-current receivables Receivables from equity investments

27,639

1,002

26,637

Other financial assets

24

–

24

Bonds

16,539

3,755

12,784

Current receivables Trade receivables

325

325

–

Miscellaneous receivables

68,213

66,126

2,087

Prepaid expenses and translation adjustment

6,938

6,938

–

119,678

78,147

41,531

Miscellaneous receivables mainly comprise €33,553 thousand of intragroup current accounts, primarily originating from the implementation of cash pooling at Group level, as well as receivables on the disposal of CIAT for a total amount of €9,652 thousand.

DEFERRED INCOME AND OTHER RECEIVABLES NOTE 8 — € thousands Dividends

– – –

Accrued interest on cash accounts Trade receivables, invoices to be issued

Government, tax and duties

24,279

Other (incl. CIAT)

9,652

“Government, tax and duties” includes refunds expected upon settlement of income tax, tax credits not yet allocated and applications for tax rebates pending reimbursement.

ASSET TRANSLATION ADJUSTMENTS ON FOREIGN CURRENCY DENOMINATED DEBTS NOTE 9 AND RECEIVABLES —

Asset side impact Total

€ thousands

Provision for liability

Bonds

5,555 1,358

5,555 1,358

Receivables from equity investments

Miscellaneous receivables

– –

– –

Financial debts

6,913

6,913

123

SOMFY – ANNUAL FINANCIAL REPORT 2017