SOMFY - Annual Financial Report 2020

05 CONSOLIDATED FINANCIAL STATEMENTS

Movements between 2019 and 2020 can be analysed as follows:

RETIREMENT BENEFITS

2020

2019

France

Other countries

Total

France

Other countries

Total

€ thousands

GROSS COMMITMENTS Opening balance Net expense for the period:

21,690

21,968

43,658

18,704

20,750

39,454

2,803 2,803

1,666 1,666

1,835 1,835

968 968

583 583

1,083 1,083

current service cost and financial cost –

return on plan assets – employee contributions –

– – –

– – –

– – –

– – –

– – –

– – –

Contributions paid

-386

-520

Benefits paid

-32

-354

-293

-227

87

2,713

Actuarial gains & losses/Past service cost Changes in foreign exchange rates

87

–

2,696

17

-1,543

345

– –

-1,543

– –

345

Changes in consolidation scope

–

–

–

–

Closing balance PLAN ASSETS Opening balance

23,580

21,039

44,619

21,690

21,968

43,658

-560

-18,070

-18,630

-825

-15,696

-16,521

-428

-424

Net expense for the period:

-3

-425

-12

-412

current service cost and financial cost –

–

–

–

–

–

–

return on plan assets – employee contributions –

-3

-425

-12

-412

-428

-424

– –

–

– –

–

–

–

-876

-1,598

Contributions paid

-876

-1,598

57

282 -78

Benefits paid

32

25

282

–

1,565

Actuarial gains and losses

-3

1,568

-5

-73

– –

-291

Changes in foreign exchange rates Changes in consolidation scope

– –

– –

– –

-291

–

–

Closing balance

-534

-17,778

-18,312 25,028 26,307

-560

-18,070

-18,630 22,933 25,028

OPENING BALANCE OF PROVISION CLOSING BALANCE OF PROVISION

21,130 23,046

3,898 3,261

17,879 21,130

5,054 3,898

TOTAL MOVEMENTS RECOGNISED DURING THE FINANCIAL YEAR

-1,833

-541

-2,374

-563

-670

-1,233

141

SOMFY – ANNUAL FINANCIAL REPORT 2020