SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Equity investments

Loans Deposits and guarantees

Other

Current and non-current financial assets

Realisable within 1 year

Non-current financial assets

€ thousands

4,693

4,216

At 1 January 2020

1,959 285

2,447

3 – – – –

477

686

686

Increase Decrease

547

–

139

–

-1,934 2,328 -2,048

-577

-577 -830

-526

-1,357

2,328 -2,030

Net change in impairment

1 2,327 – -1,974

–

–

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income

-74

-18

–

–

–

–

–

–

–

–

–

–

–

–

–

–

334

-970

Other movements

– 334

–

– 3 – 3

1,303

AT 31 DECEMBER 2020

1,929 142

1,986 1,640

4,060 3,653

406

3,653

– –

Non-current financial assets Current financial assets

1,929

84 58

– –

406

–

345

Financial assets realisable within one year mainly comprise short-term deposits. Financial liabilities Note 7.2.2

BORROWINGS AND BORROWING COSTS Upon initial recognition, loans and other interest-bearing debts are measured at fair value, increased by transaction costs that are directly attributable to the issuance of the liability. Fair value generally equals the amount of cash received. Issuing charges and premiums are taken into consideration in measuring amortised cost according to the effective rate method. Therefore, they are recognised in the income statement on an actuarial basis over the duration of the liability. Interest on loans is recognised as an expense of the period.

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SOMFY – ANNUAL FINANCIAL REPORT 2020