SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

TAX CONSOLIDATION NOTE 4.2

List of companies included in tax consolidation Somfy SA Parent company

The tax consolidation agreement signed between Somfy SA and its direct and indirect subsidiaries was renewed on 1 January 2013 for an indefinite period of time. In accordance with the agreement, the difference calculated between the income tax chargeable on the combined profits of the tax consolidation and the sum of the Group companies’ individual tax charges is credited to Somfy SA, the Group’s parent company. At 31 December 2020, tax savings resulting from the transfer of losses from subsidiaries are considered to be tax income. Should a subsidiary cease to be a member of the tax consolidation, it will be compensated by Somfy SA in accordance with a jointly-agreed exit methodology, taking account of the situation at that date.

Cluses Cluses

Somfy Activités SA

Simu CMC

Arc-les-Gray

Cluses Rumilly

Domis SA

Automatismes BFT France

Saint-Priest

SEM-T

Cluses

Saint Laurent du Var

BFT Sud-Est

Opendoors

Cluses

Épagny Metz-Tessy

Currently there are no available Group tax losses to be used.

Overkiz

Somfy Protect by Myfox

Labège

NET PROFIT NOTE 5 — Net profit totalled €101.0 million.

NON-CURRENT ASSETS NOTE 6 — GROSS NON-CURRENT ASSETS NOTE 6.1

Gross value 31/12/19

Increase Decrease

Merger movements

Other movements

Gross value 31/12/20

€ thousands

Intangible assets

215

– –

– –

– – – – – – –

– –

215

Property, plant and equipment

2

2

Financial assets

440,328 406,886 22,458

1,287

-10,549

-1,014 -1,014

430,051 405,871 15,566

Equity investments*

–

–

490 463 334

-7,382

– – –

Receivables from equity investments**

Other financial assets

3,327 7,658

-457

3,333

Bonds*** 5,282 Other movements include a €1,400 thousand negative adjustment to the earnout on Somfy Protect by Myfox shares and the capitalisation of a * €386 thousand receivable related to Somfy Colombia. Movements in receivables from equity investments is linked to the refunding or granting of financial advances made to certain subsidiaries. ** Bond receivables fell by €2,710 thousand as a result of the revaluation and redemption of 2020 instalments by Garen. *** The increases also relate to Garen (capitalisation of 2020 interest). It should be noted that the value of the shares in the company under joint control Dooya, indirectly held by Somfy SA, amounts to €110,972 thousand at 31 December 2020. -2,710

AMORTISATION AND DEPRECIATION NOTE 6.2

Amount at 31/12/19

Charges

Reversals

Merger movements

Other movements

Amount at 31/12/20

€ thousands

Intangible assets

214 214

– – – –

– – – –

– – – –

– – – –

214 214

Concessions, patents and licences Property, plant and equipment

2

2

216

216

160

SOMFY – ANNUAL FINANCIAL REPORT 2020