SOMFY - Annual Financial Report 2020

06 PARENT COMPANY FINANCIAL STATEMENTS

RAW MATERIAL RISK NOTE 15.2 Somfy SA protects its manufacturing subsidiaries against fluctuations in the price of raw materials via hedging agreements for materials on the financial markets (copper and zinc paper hedging) on components that cannot be physically covered. Income and expenses on completed hedging transactions have been reinvoiced in full to the subsidiaries concerned. The unrealised loss resulting from the recognition at fair value of the financial instruments, whose nature as a hedge cannot be demonstrated, was recognised at the end of the financial year. At 31 December 2020, the effective portion of hedges was valued at €0.7 million and the ineffective portion was nil.

Tonnes

Hedging of items off-balance sheet € thousands

Fair value € thousands

Types

31/12/20

Copper

170

830

250 407 657

Swap Swap

Zinc

1,300 1,470

2,520 3,350

Tonnes

Hedging of items off-balance sheet € thousands

Fair value € thousands

Types

31/12/19

Copper

700

3,584 3,571 7,155

230 -69 160

Swap Swap

Zinc

1,760 2,460

STATUTORY AUDITORS’ FEES NOTE 16 — The amount of the Statutory Auditors’ fees, excluding tax and disbursements, paid by Somfy SA (issuer) is provided in note 14 to the consolidated financial statements. SUBSIDIARIES AND INVESTMENTS NOTE 17 —

Share capital and premium

Reserves and retained earnings before allocation of net profit

Share of capital held (%)

Profit/ (loss) for the last financial year

Sales Dividends received

€ thousands

Subsidiaries (at least 34% of share capital held by the company) DSG Coordination Center SA 668

18 100.00%

275

–

– – – – – – – – – – – – – –

Somfy Activités SA

35,000

146,634 100.00% 63,389 512,785

CMC

8

168 100.00% 13,425 100.00% 957 100.00% 2,477 100.00% 2,794 100.00% 132 100.00% 234 100.00% 45 100.00% 198 100.00% 1,889 100.00% 99.99%

453

– –

Somfybat Somfy Ltd

6,830

1,793

146 306 348

731 15,254 1,863 16,575 3,413 41,595

Somfy PTY. Limited

341

N.V Somfy S.A

Somfy Brasil LTDA

11,188

-11,533

170

4,646

Somfy GmbH (Germany) Somfy Kereskedelmi Kft

1,500

17,095 100.00% 13,348 195,597

787 177 132 307 314

570

5,327

Somfy spol s.r.o.

1,858 29,033 3,847 58,814

Somfy spolka z ograniczona odpowiedzialnoscia

Somfy S.R.L.

218 180

2,869 7,506

Chusik Hoesa Somfy Somfy Italia SRL Somfy España SA Somfy Systems Inc Somfy SA (Suisse)

2,000

16,443

95.00%

6,856 24,941

10,010

79,891 100.00% 12,138 30,818 10,000

8,786

12,357 100.00% 1,161 100.00%

7,774 94,127 3,176 34,208

– –

30

167

SOMFY – ANNUAL FINANCIAL REPORT 2020