SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

Movements between 2017 and 2018 can be analysed as follows:

RETIREMENT BENEFITS – FRANCE

Gross obligation

Plan assets

Net obligation

Balance sheet position

€ thousands

AT 31 DECEMBER 2017

16,153

-852

15,301

15,301

974 987 -13

Net expense for the period:

987 987

-13

974 987 -13

current service cost and financial cost –

–

return on plan assets – employee contributions –

– –

-13

–

–

–

-40

Contributions paid

-99

59

-40

–

Benefits paid

–

–

–

1,644

Actuarial gains & losses/Past service cost

1,663

-19

1,644

Changes in consolidation scope

–

–

–

–

AT 31 DECEMBER 2018

18,704

-825

17,879

17,879

Gross obligation

Plan assets -2,550

Net obligation

Balance sheet position

€ thousands

AT 31 DECEMBER 2016

20,080 -1,098 -1,098

17,530 -1,139 -1,098

17,530 -1,139 -1,098

Net expense for the period:

-41

current service cost and financial cost –

–

return on plan assets – employee contributions –

– – –

-41

-41

-41

–

–

–

-150 -669 -271

Contributions paid

-150

-150 -669 -271

Benefits paid

-2,557

1,888

Actuarial gains & losses/Past service cost

-272

1 –

Changes in consolidation scope

–

–

–

AT 31 DECEMBER 2017

16,153

-852

15,301

15,301

RETIREMENT BENEFITS – OTHER COUNTRIES

Gross obligation

Plan assets

Net obligation

Balance sheet position

€ thousands

AT 31 DECEMBER 2017

18,992

-15,335

3,657

3,657

801

Net expense for the period:

1,246 1,246

-445

801

current service cost and financial cost –

–

1,246

1,246

return on plan assets – employee contributions –

– – –

-445

-445

-445

–

–

–

-859 -240

Contributions paid

-859

-859 -240

Benefits paid

-240

–

1,642

Actuarial gains & losses

-7

1,649

1,642

53

Changes in foreign exchange rates Changes in consolidation scope

759

-706

53

–

–

–

–

AT 31 DECEMBER 2018

20,750

-15,696

5,054

5,054

112

SOMFY – ANNUAL FINANCIAL REPORT 2018