SOMFY - Annual financial report 2018

04 MANAGEMENT BOARD MANAGEMENT REPORT

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 infor- mation only)

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

0 day (for infor- mation only)

1 to 30 days

31 to 60 days

61 to 90 days

91 days or more

Total (1 day or more)

(A) Late payment ranges Number of invoices concerned 30

1

–

1

–

–

–

52

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

947 945,657

–

2,204,663

947

–

–

–

–

–

–

–

– 0.01%

21.31% 0.01% –

–

–

27.72% –

–

–

–

(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)

R Contractual terms: Within 10 days after the end of the month

R Contractual terms

Payment terms used for calculating late payments

* Statutory terms

* Statutory terms

18

SOMFY – ANNUAL FINANCIAL REPORT 2018