SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

WRITEDOWN OF NON-CURRENT ASSETS NOTE 6.3

Amount at 31/12/19

Charges Reversals used

Reversals unused

Merger movements

Other movements

Amount at 31/12/20

€ thousands

Equity investments*

29,638

715 201

– –

-4,562

– – – –

– – – –

25,791

Receivables from equity investments

5,683 2,005

-806

5,078

Other financial assets**

– -1,036

–

969

37,327

916 -1,036

-5,368

31,839

Net reversals for the financial year primarily relate to shares in Lian Da. * These reversals primarily relate to Garen. **

ANALYSIS OF MATURITY OF RECEIVABLES NOTE 7 — € thousands

Total amount Less than 1 year More than 1 year

Non-current receivables Receivables from equity investments

15,566

649

14,917

Other financial assets

3,333 5,282

–

3,333 4,198

Bonds

1,083

Current receivables Trade receivables

1,050

1,050

– – –

Miscellaneous receivables

43,378

43,378

Prepaid expenses and translation adjustment

9,629

9,629

78,238

55,790

22,448

Other receivables mainly comprise €29,188 thousand of intragroup current accounts, primarily originating from the implementation of cash pooling at Group level, as well as receivables on the disposal of CIAT totalling €9,652 thousand.

DEFERRED INCOME AND OTHER RECEIVABLES NOTE 8 — € thousands Dividends

– 5

Accrued interest on cash accounts Trade receivables, invoices to be issued

385

Government, tax and duties

5,990 9,759

Other (incl. CIAT)

The balance of the item “Government, tax and duties” mainly includes tax credits not yet allocated.

ASSET TRANSLATION ADJUSTMENTS IN FOREIGN CURRENCY DENOMINATED DEBTS NOTE 9 AND RECEIVABLES — Asset side impact € thousands Total

Provision for liability

Bonds

6,778 2,685

6,778 2,685

Receivables from equity investments

Miscellaneous receivables

129

129

Financial debts

–

–

9,592

9,592

161

SOMFY – ANNUAL FINANCIAL REPORT 2020