SOMFY - Annual Financial Report 2020

02 MANAGEMENT BOARD MANAGEMENT REPORT

LIST OF EXISTING BRANCHES (ARTICLE L. 232-1 OF THE COMMERCIAL CODE)

Somfy had no such branches at 31 December 2020.

VALUE OF INTERCOMPANY LOANS GRANTED (ARTICLE L. 511-6 3 BIS OF THE MONETARY AND FINANCIAL CODE)

Somfy SA had not granted any intercompany loans at 31 December 2020.

INFORMATION ON PAYMENT TERMS (ARTICLE L. 441-6-1 OF THE COMMERCIAL CODE)

Trade receivables specific to Somfy SA’s activity represent payment terms generally less than 45 days from the end of the month.

Article D. 441 l.-1°: Invoices received , unpaid and overdue at year-end

Article D. 441 l.-2°: Invoices issued , unpaid and overdue at year-end

0 day (for

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

0 day (for

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

informa- tion only)

informa- tion only)

(A) Late payment ranges Number of invoices concerned

–

29

–

–

–

–

–

17

Total value of invoices concerned exc. VAT Percentage of total value of purchases exc. VAT over the financial year Percentage of revenue exc. VAT over the financial year

–

1,355,513

–

–

–

–

– 754,315

–

–

–

–

14.11% –

–

–

–

–

–

20.18% –

–

–

–

(B) Invoices excluded from (A) relating to contested or unrecorded trade payables and receivables Number of invoices excluded – – – – – – – – – – – – Total value of invoices excluded exc. VAT – – – – – – – – – – – – (C) Standard payment terms used (contractual or statutory period - Article L. 441-6 or Article L. 443-1 of the Commercial Code) Payment terms used for calculating late payments Contractual terms R Contractual terms: Within 10 days after the end of the month R Statutory terms * Statutory terms *

32

SOMFY – ANNUAL FINANCIAL REPORT 2020