SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED CASH FLOW STATEMENT

€ thousands

Notes

31/12/20 31/12/19

Consolidated net profit

212,990 58,856

163,209 57,739

Depreciation, amortisation and impairment loss of assets (excluding current assets) Charges to/reversals of provisions for liabilities (excluding employee benefits)

1,213

-379

Unrealised gains and losses related to fair value movements

96

-14

Unrealised foreign exchange gains and losses

6,884 5,563

-1,238 4,854 60,963

Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items

72,613

Profit on disposal of assets and others

-868

33

Share of net profit/(loss) from associates and joint ventures

-10,858

-3,845

Deferred tax expense

617

-270

Cash flow

274,493

220,091

Cost of net financial debt (excluding non-cash items)

2,281

1,995

Tax expense (excluding deferred tax) Change in working capital requirements

51,891 19,333 -31,147 316,850

37,439 14,001 -25,774 247,752

(8.3)

Tax paid

NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –

(8.2)

-50,885

-54,257

non-current financial assets –

-686

-514

Disposal-related proceeds: intangible assets and property, plant and equipment –

(8.2)

1,044

950

non-current financial assets – Change in current financial assets

343

–

1,357

2,274

Acquisition of companies, net of cash acquired

(8.4)

-793

-870

Interest received

701

812

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-48,919

-51,605

Increase in loans

427

–

Repayment of borrowings and lease liabilities

-14,459 -42,976

-14,868 -48,094

Dividends and interim dividends paid

Movement in treasury shares

209

747

Interest paid

-3,234

-3,308

NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C)

-60,033

-65,523

-5,569

2,152

Impact of changes in foreign exchange rates on cash and cash equivalents (D)

NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

202,329 386,190 588,519

132,776 253,413 386,190

(8.1) (8.1)

107

SOMFY – ANNUAL FINANCIAL REPORT 2020