SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

MARKET VALUE OF DERIVATIVES NOTE 15 — FOREIGN EXCHANGE RISK NOTE 15.1

Somfy’s exposure to foreign exchange risk is primarily related to its operational activities (intragroup sales of manufactured products distributed by commercial subsidiaries outside the Euro zone, these sales being denominated in local currencies, and purchases denominated in local currencies). Subsidiaries’ hedges in these areas are made through the parent company Somfy SA. Commercial transactions are covered for a period of less than 12 months. The main hedging instruments usually used by the company are forward purchases and sales.

Foreign exchange hedges by currency

Contract nominal value

31/12/20 € thousands

Sales 7,367 3,262 4,073

Purchases

Net total

Fair value

7,367 3,262 2,870

AUD CAD CHF CNY CZK GBP HKD HUF MXN NOK PLN RON RUB SEK SGD THB TRY USD ILS JPY

– –

-186

7

-1,203 -17,451 -4,001 -4,173

43

-17,451 -4,001

– –

262

29

5,949

10,122

-28

462 409

809 409

-347

27

– – – – – – – – –

-1

3,929 2,925 1,028 2,407 2,522 1,181 2,173 1,289 565

3,929 2,925 1,028 2,407 2,522 1,181 2,173 1,535 565

-29

25

-35

-118

-5 -7

-21 -98

-247

-2 -3

381

381

– –

2,271 -8,475 11,064

2,271

-70

–

-8,475

-342 -554

46,961

-35,897

165

SOMFY – ANNUAL FINANCIAL REPORT 2020