SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

ACCOUNTING PRINCIPLES NOTE 1 80

109

ANALYSIS OF CASH FLOW NOTE 8 STATEMENT

Note 1.1

Consolidated financial statements – Basis for

80

preparation

Note 8.1 109

Cash and cash equivalents

Note 1.2 80 Note 1.3 80 Note 1.4 80

Compliance with accounting standards

Note 8.2

Intangible assets and property, plant and

109

equipment

Judgements and estimates

Note 8.3 109

Change in working capital requirements

New applicable standards and interpretations

Note 8.4

Companies acquisitions and disposals, net of cash

109

CONSOLIDATION SCOPE NOTE 2 82 Consolidation method Note 2.1 82 Foreign exchange translation Note 2.2 82 Business combinations Note 2.3 83

acquired or disposed of

109

PROVISIONS AND CONTINGENT NOTE 9 LIABILITIES

Note 9.1 109 Note 9.2 110

Provisions

Note 2.4 83

Operations treated in accordance with IFRS 5

Contingent liabilities

SEGMENT REPORTING NOTE 3 87 PERFORMANCE-RELATED DATA NOTE 4 88 Sales Note 4.1 88 Other operating income and expenses Note 4.2 89 Alternative performance measures Note 4.3 89 Inventories Note 4.4 90 Trade receivables Note 4.5 91 Other current and non-current receivables Note 4.6 92 Other current and non-current liabilities Note 4.7 92

EMPLOYEE INFORMATION NOTE 10 111 Workforce Note 10.1 111 Employee benefits Note 10.2 111 Share-based payments Note 10.3 114 CURRENT AND DEFERRED TAX NOTE 11 115 Tax proof Note 11.1 116 Deferred tax recognised in items of other Note 11.2 comprehensive income 116 Analysis by nature Note 11.3 117

93

INTANGIBLE ASSETS AND NOTE 5

118

OFF-BALANCE SHEET NOTE 12 COMMITMENTS

PROPERTY, PLANT AND EQUIPMENT

Note 5.1 93 Note 5.2 95 Note 5.3 97

Goodwill and impairment tests

Note 12.1 118 Note 12.2 118

Commitments given Commitments received

Other intangible assets

Property, plant and equipment

Note 12.3

Commitments to acquire additional shares in

118

companies not fully-consolidated

EQUITY AND EARNINGS PER SHARE NOTE 6 100 Equity Note 6.1 100 Earnings per share Note 6.2 100

118

INVESTMENTS IN ASSOCIATES AND NOTE 13 JOINT VENTURES AND RELATED PARTIES

FINANCIAL ITEMS NOTE 7 101

Note 13.1 118 Note 13.2 119

Investments in associates and joint ventures

Note 7.1 101 Note 7.2 101 Note 7.3 105

Net financial income/(expense) Financial assets and liabilities Financial risk management policy

Related-party disclosures

STATUTORY AUDITORS’ FEES NOTE 14 119 LIST OF CONSOLIDATED AND NOTE 15 EQUITY-ACCOUNTED ENTITIES 120

79

SOMFY – ANNUAL FINANCIAL REPORT 2018