SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Analysis by category Note 7.2.2.1

Borrowings from credit institutions

Lease liabilities

Other borrowings and financial liabilities

Total liabilities from financing activities

Bank overdrafts

Current and non-current financial liabilities

Due within 1 year

Non- current financial liabilities

€ thousands

At 1 January 2020 Increase in loans

75,940

77,297 32,267

45,030

924 51,998

23,018

1,357

427

427

359

–

–

427

–

68

Repayment of borrowings and lease liabilities Other movements related to business acquisitions

-14,459

-17,890 -18,830

940

-325 -14,134

–

-3,431

-769

-769

–

–

–

-769

–

-769

Total cash movements

-325 -14,134

-342 -14,801 -3,431 -18,232 -19,531 1,299

-442

-442

-442

Impact of the revaluation of put options Impact of changes in foreign exchange rates

–

–

-442

–

–

-1,390

1,090

-1,082

– -1,359

-31

2,480

2,172

15,271

15,271

15,271

New lease liabilities

– 15,271

–

–

–

Adjustments to lease liabilities with no cash impact Impact of changes in consolidation scope and method

-983

-983

-983

– -983

–

–

–

-3

-3

-4

–

–

-3

–

1

-2,651

-2,651 15,908

-18,559

Other movements

–

-1

-2,649

–

Total non-cash movements AT 31 DECEMBER 2020 Non-current financial liabilities Current financial liabilities

– 12,928

-3,125 9,803 19,551 70,942

2,480

12,283 18,081 -5,799 71,348 30,817 40,531

599 50,792 274 38,143 325 12,649

405

40,531 30,411

40,531 30,817

– –

2,114

–

– –

17,437

405

Other borrowings and financial liabilities mainly include the fair value of the put option granted to the Dooya partners, the amount of which is equal to the difference between the estimated contractual value that would result from the exercise of the put option and the fair value of the portion corresponding to the underlying assets. The amount of this liability derivative remains stable at 31 December 2020 and 2019 at €16.6 million. The balance of other borrowings and financial liabilities include the debt relating to the put options granted to the holders of non-controlling interests, whose variations are recognised in equity, and to earnouts, whose variations are recognised in the income statement.

131

SOMFY – ANNUAL FINANCIAL REPORT 2020