SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

SHAREHOLDERS’ EQUITY NOTE 10 — STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY NOTE 10.1

Balance at 31/12/19 before allocation

Allocation of net profit 31/12/19

2020 movements

Balance at 31/12/20 before allocation

Proposed allocation of 2020 net profit

Balance at 31/12/20 after allocation

of net profit 7,400 1,866 5,929

of net profit 7,400 1,866 5,929

of net profit 7,400 1,866 5,929

€ thousands Share capital Share premium

– – – – –

– – – – –

– – – – –

Revaluation reserve

Legal reserve

740

740

740

Regulated reserves

–

–

–

Other reserves

523,200

72,444 -3,706

– 595,644

35,784 631,428

Retained earnings

3,706

3,274

3,274

-3,274

– – –

Net profit

114,988 -114,988 100,960 100,960 -100,960

Regulated provisions

–

–

–

–

–

657,828

-46,250 104,234 715,812

-68,450 647,362

The €3.3 million change in 2020 “Retained earnings” corresponds to dividends not paid to treasury shares.

COMPOSITION OF SHARE CAPITAL NOTE 10.2

Euros

Number of shares

Par value

Shares – At the start of the year At the end of the year

37,000,000 37,000,000

0.2 0.2

Convertible bonds and similar securities –

–

–

TREASURY SHARES NOTE 10.3

€ thousands

31/12/19

Increase

Decrease

Transfer

31/12/20

Stock options and free shares

€ thousands

49,348

– –

– –

– – – –

49,348

number

1,387,241

1,387,241

Liquidity contract

€ thousands

648

2,966

-2,669 -29,239

945

number

7,636

28,717

7,114

Shares retained for potential acquisitions and cancellation

€ thousands

48,056

–

–

–

48,056

number

1,221,770

– – –

– – –

– – – – –

1,221,770

Treasury shares

€ thousands

– –

– –

number

€ thousands

98,052

2,966

-2,669 -29,239

98,349

TOTAL TREASURY SHARES

number

2,616,647

28,717

2,616,125

162

SOMFY – ANNUAL FINANCIAL REPORT 2020