SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Land Buildings Right-of- use Land and buildings

Plant, machi- nery and tools

Right-of- use Plant, machi- nery and tools

Other property, plant and equip- ment

Right-of- use Other property, plant and equip- ment

In progress and advance payments

Total

€ thousands

16,623 150,903 71,505 293,647 1,178 69,136 10,998 19,355 633,344

Gross value at 1 January 2020

15,275 32,699

New right-of-use assets

– –

– 10,067

–

193

– 5,015

–

Acquisitions

947

– 6,424

– 3,067

– 22,260

– -23,040

Disposals

-5

-701 -2,247 -12,276

-179 -5,358 -2,274

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

-8,031

-393 -1,392 -1,556 -2,829

-2 -1,363

-242

-254

–

–

–

–

–

–

–

–

–

–

Other movements

684 15,346 -14,721* 17,140

–

959

– -19,408

AT 31 DECEMBER 2020

16,908 165,103 63,047 302,106 1,190 66,441 13,497 21,953 650,246

Accumulated depreciation at 1 January 2020 Depreciation charge for the period

– -336,030

-1,227 -79,077 -17,216 -186,063

-290 -48,120 -4,037

– -49,591

-252 -6,021 -9,187 -22,520

-337 -6,784 -4,490 180 5,158 1,996

20,760

Disposals

1

649 1,569 11,206

–

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

2,872

64

131

447 1,311

–

838

80

–

–

–

–

–

–

–

–

–

–

–

Other movements

– -7,428 7,436 -955 -1,414 -91,746 -16,951 -197,020 15,494 73,357 46,096 105,086

–

947

–

–

AT 31 DECEMBER 2020

-446 -47,961 -6,451

– -361,989

NET VALUE AT 31 DECEMBER 2020

744 18,481 7,045 21,953 288,257

Exercise of option for a land and building lease. *

At 31 December 2020, uncapitalised lease expenses relating to services and short-term or low-value leases are broken down as follows: €1.2 million in respect of property lease expenses, €1.4 million in respect of vehicle lease expenses and €0.9 million in respect of other lease expenses. Covid-19-related rent concessions were not material. They are recognised in the income statement as a negative variable rent in accordance with the amendment to IFRS 16. Since 2019, the Group has applied IFRIC provisions over the enforceable duration of the leases. Amid the health crisis, no indicators of impairment were identified that would have resulted in impairment losses being recognised against certain items of property, plant and equipment.

126

SOMFY – ANNUAL FINANCIAL REPORT 2020