SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Allocated intangible assets

Develop- ment costs

Patents and brands

Software

Other intangible assets

In progress and advance payments

Total

€ thousands

119,784 17,557

Gross value at 1 January 2020

9,791 37,045

4,149 56,048

2,393 10,358

Acquisitions

– –

88

52

662

34 16,721

-5,523

Disposals

-4,870

-41 -11

-433 -111

-179

– –

-314

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

-112

-22

-58

–

–

–

–

–

–

–

–

Other movements

–

3,730

–

3,521

330

-7,580

AT 31 DECEMBER 2020

9,679 35,971 -8,030 -22,188

4,149 59,686 -3,581 -45,059

2,519 19,499 131,503

-80,566 -10,883

Accumulated amortisation at 1 January 2020

-1,707

– – – –

Amortisation charge for the period

-939

-5,559 4,870

-431

-3,814

-139

5,479

Disposals

–

35

432

142

278

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

110

22

7

83

56

–

–

–

–

–

–

–

–

Other movements

–

–

55

-55

–

–

AT 31 DECEMBER 2020

-8,859 -22,855 820 13,116

-3,915 -48,412 234 11,274

-1,648

– -85,690

NET VALUE AT 31 DECEMBER 2020

871 19,499* 45,814

Including €7.2 million in development expenses in progress. *

Allocated intangible assets

Develop- ment costs

Patents and brands

Software

Other intangible assets

In progress and advance payments

Total

€ thousands

124,437 11,613 -16,376

Gross value at 1 January 2019

9,789 48,957

4,244 53,588

2,061

5,799

Acquisitions

–

–

75

1,201

8 10,329

Disposals

– -15,492

-176

-708

– 2

– 1

38

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

1

-1

5

32

–

–

–

–

–

–

–

71

Other movements

1

3,582

1

1,935

323 -5,771

AT 31 DECEMBER 2019

9,791 37,045

4,149 56,048

2,393 10,358 119,784

-87,373 -9,490 16,337

Accumulated amortisation at 1 January 2019

-7,027 -33,763 -3,304 -41,617 -1,662

– – – –

Amortisation charge for the period

-1,004 -3,975

-441 -4,026

-44

Disposals

– 15,507

168

662 -23

– –

-26

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

1

1

-4

–

–

–

–

–

–

–

-14

Other movements

–

41

–

-55

–

–

AT 31 DECEMBER 2019

-8,030 -22,188 -3,581 -45,059 -1,707

– -80,566

NET VALUE AT 31 DECEMBER 2019

1,761 14,857

568 10,989

686 10,358* 39,219

Including €5.9 million in development expenses in progress. *

Development expenses fulfilling the criteria of IAS 38 are capitalised and deemed as internally-generated intangible assets. At 31 December 2020, the gross value of these assets was €43.2 million, of which €7.2 million was in progress and the net value was €20.4 million.

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SOMFY – ANNUAL FINANCIAL REPORT 2020