SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED CASH FLOW STATEMENT

€ thousands

Notes

31/12/18 31/12/17*

Consolidated net profit

140,366

157,742

Net profit from operations treated in accordance with IFRS 5

-2,630

6,627

Net profit from continuing operations

137,736 48,685

164,368 35,163

Depreciation and amortisation of assets (excluding current assets)

Charges to/reversals of provisions for liabilities

-106

-391 -601

Unrealised gains and losses related to fair value movements

-9,212 -1,475 4,093 41,985

Unrealised foreign exchange gains and losses

6,359 1,790

Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items

42,321

Profit on disposal of assets and others Share of net profit/(loss) from associates

90

1,615

-1,429

968

Deferred tax expense

174

-1,600

Cash flow

178,556

207,673

Cost of net financial debt (excluding non-cash items)

1,249

634

Tax expense (excluding deferred tax) Change in working capital requirements

29,357 -1,506 -36,551 171,106

5,589

(8.3)

-21,618 -18,459 173,819

Tax paid

NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –

(8.2)

-58,378 -1,465

-56,776 -1,526

non-current financial assets –

Disposal-related proceeds: intangible assets and property, plant and equipment –

(8.2)

1,035

746

non-current financial assets – Change in current financial assets

1

9,795

4,690 -7,110

877

Acquisition of companies, net of cash acquired Dividends paid by non-consolidated companies

(8.4)

– 8

–

Interest received

435

382

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-60,793

-46,492

Increase in loans

171

61

Reimbursement of loans

-1,869

-2,113

Net increase in shareholders’ equity of subsidiaries

1

5

Dividends and interim dividends paid

-44,705

-41,909

Movement in treasury shares

-463

271

Interest paid

-2,294

-2,266

NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C) Net cash flow from operations treated in accordance with IFRS 5 (D) Impact of changes in foreign exchange rates on cash and cash equivalents (E) NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D + E)

-49,158 -20,340

-45,951 6,527 -1,587 86,316 126,249

(2.4)

34

40,849 212,564 253,413

CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

(8.1) (8.1)

212,564 The financial statements have been restated following the change in the consolidation method of Dooya (application of IFRS 5, see note 2.4.2). *

78

SOMFY – ANNUAL FINANCIAL REPORT 2018