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

– 22,187 551,726

Gross value at 1 January 2019 Impact of the application of IFRS 16 from 1 January 2019

22,710 161,468

– 278,180

– 67,182

42,105

–

– 34,523

–

420

– 7,162

–

19,138 41,047

New right-of-use assets

–

– 13,955

–

816

– 4,367

–

Acquisitions

250 1,232

– 7,274

– 4,532 -65 -6,305

– 27,759

– -22,420

Disposals

-47 -2,158 -666 -12,502

-677

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

1,820

76

317

388

430

1

518

42

48

–

–

–

–

–

–

–

–

–

Other movements

-71

-6,366 -9,956 23,305 20,265

6 3,209

104 -30,638

AT 31 DECEMBER 2019

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

Accumulated depreciation at 1 January 2019 Depreciation charge for the period

– -307,828

-965 -83,380

– -176,376

– -47,106

–

– -48,528

-254 -5,505 -9,419 -21,640

-322 -6,870 -4,518

20,997

Disposals

1 1,763

367 12,100

38 6,202

526

–

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

-685

-9

-121

-13 -206

–

-329

-6

–

–

–

–

–

–

–

–

–

–

Other movements

14

– 8,167 -8,151

59

-6

-16

-39

–

AT 31 DECEMBER 2019

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

-290 -48,120 -4,037

– -336,030

NET VALUE AT 31 DECEMBER 2019 15,396 71,826 54,289 107,584

888 21,016 6,961 19,355 297,314

In 2019, the impact of IFRS 16 adoption with effect from 1 January 2019 on property, plant and equipment is €42.1 million. Other movements in leased assets also include the reclassification at 1 January 2019 of finance leases restated under IAS 17, consisting of land and buildings with a gross value of €23.3 million and €8.2 million in associated accumulated depreciation. At 31 December 2019, uncapitalised lease expenses relating to services and short-term or low-value leases are broken down as follows: €1.6 million in respect of property lease expenses, €1.6 million in respect of vehicle lease expenses and €1.0 million in respect of other lease expenses. There is no significant property, plant and equipment (buildings, machinery and tools) in continuing use, with a net book value of zero. There are no contractual commitments to purchase property, plant and equipment.

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SOMFY – ANNUAL FINANCIAL REPORT 2020