SOMFY_ANNUAL_FINANCIAL_REPORT_2017

08 PARENT COMPANY FINANCIAL STATEMENTS

SHAREHOLDERS’ EQUITY NOTE 10 —

STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY NOTE 10.1

Balance at 31/12/16 before allocation of net profit

Allocation of net profit for the year to 31/12/16

2017 movements

Balance at 31/12/17 before allocation of net profit

Proposed allocation of 2017 net profit

Balance at 31/12/17 after allocation of net profit

€ thousands Share capital Share premium

7,400 1,866 5,929

– – – – –

– – – – – –

7,400 1,866 5,929

– – – – –

7,400 1,866 5,929

Revaluation reserve

Legal reserve

740

740

740

Regulated reserves

–

–

–

Other reserves

333,773

77,289 –3,054

411,062

62,242 –3,231

473,304

Retained earnings

3,054

3,231

3,231

– – –

Net profit

119,375 –119,375

107,111

107,111 –107,111

Regulated provisions

–

–

–

–

–

472,137

–45,140

110,342

537,339

–48,100

489,239

The €3.2 million change in 2017 "Retained earnings" corresponds to dividends not paid to treasury shares.

SHARE CAPITAL NOTE 10.2

Euros

Number of shares

Par value

Shares – At the start of the year At the end of the year

7,400,000 37,000,000

1.0 0.2

Convertible bonds and similar securities –

–

–

TREASURY SHARES NOTE 10.3

€ thousands

31/12/16*

Increase

Decrease

Transfer

31/12/17

€ thousands

50,283

– –

– –

– –

50,283

Stock options and free shares

number

1,426,185

1,426,185

€ thousands

235

11,585 138,418

–11,370 –142,986

479

929

Liquidity contract

number

3,080

12,500

11,012 48,056

€ thousands

48,535

– – – –

– – – –

–479

Shares retained for potential acquisitions

number

1,234,270

–12,500

1,221,770

€ thousands

– –

– – – –

– –

Treasury shares

number

€ thousands

99,053

11,585 138,418

–11,370 –142,986

99,269

TOTAL TREASURY SHARES

number

2,663,535

2,658,967

* 2016 figures have been restated to reflect the 5-for-1 share par value split carried out in 2017.

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SOMFY – ANNUAL FINANCIAL REPORT 2017