SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

ACCOUNTING PRINCIPLES NOTE 1 112

138

ANALYSIS OF CASH FLOW NOTE 8 STATEMENT

Note 1.1

Consolidated financial statements – Basis for

112

preparation

Note 8.1 138

Cash and cash equivalents

Note 1.2 112 Note 1.3 112 Note 1.4 112

Compliance with accounting standards

Note 8.2

Intangible assets and property, plant

138

and equipment

Judgements and estimates

Note 8.3 138

Change in working capital requirements Business acquisitions and disposals, net of cash

New applicable standards and interpretations

Note 8.4

138

CONSOLIDATION SCOPE NOTE 2 113 Consolidation method Note 2.1 113 Foreign exchange translation Note 2.2 113 Business combinations Note 2.3 114

acquired or disposed of

138

PROVISIONS AND CONTINGENT NOTE 9 LIABILITIES

Note 9.1 138 Note 9.2 139

Provisions

Note 2.4 114

Operations treated in accordance with IFRS 5

Contingent liabilities

SEGMENT REPORTING NOTE 3 115 PERFORMANCE-RELATED DATA NOTE 4 116 Sales Note 4.1 116 Other non-current operating income and Note 4.2 expenses 117 Alternative performance measures Note 4.3 117 Inventories Note 4.4 119 Trade receivables Note 4.5 119 Other current and non-current receivables Note 4.6 120 Other current and non-current liabilities Note 4.7 120

EMPLOYEE INFORMATION NOTE 10 140 Workforce Note 10.1 140 Employee benefits Note 10.2 140 Share-based payments Note 10.3 143 CURRENT AND DEFERRED TAX NOTE 11 144 Tax proof Note 11.1 145 Deferred tax recognised in items of other Note 11.2 comprehensive income 146 Analysis by type Note 11.3 146

147

OFF-BALANCE SHEET NOTE 12 COMMITMENTS

INTANGIBLE ASSETS NOTE 5

121

AND PROPERTY, PLANT AND EQUIPMENT Goodwill and impairment tests

Note 12.1 147 Note 12.2 147

Commitments given Commitments received

Note 5.1 121 Note 5.2 122 Note 5.3 125

Note 12.3

Commitments to acquire additional shares in

147

Other intangible assets

companies not fully-consolidated

Property, plant and equipment

INVESTMENTS IN ASSOCIATES NOTE 13 AND JOINT VENTURES AND RELATED PARTIES

147

EQUITY AND EARNINGS PER SHARE NOTE 6 128 Equity Note 6.1 128 Earnings per share Note 6.2 128

Note 13.1 147 Note 13.2 148

Investments in associates and joint ventures

Related-party disclosures

FINANCIAL ITEMS NOTE 7 129

STATUTORY AUDITORS’ FEES NOTE 14 148 LIST OF CONSOLIDATED AND NOTE 15 EQUITY-ACCOUNTED ENTITIES 149

Note 7.1 129 Note 7.2 129 Note 7.3 135

Net financial income/(expense) Financial assets and liabilities Financial risk management policy

111

SOMFY – ANNUAL FINANCIAL REPORT 2020