SOMFY - Annual financial report 2019

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MESSAGE FROM THE MANAGEMENT BOARD3
01. INVESTOR RELATIONS7
BREAKDOWN OF CAPITAL IN %8
CAPITAL8
GROSS DIVIDEND8
NET PROFIT8
LISTING8
CONTRACT8
2020 FINANCIAL CALENDAR8
02. ORGANISATION9
SUPERVISORY BOARD10
AUDIT COMMITTEE10
REMUNERATION COMMITTEE10
MANAGEMENT BOARD10
AUDITORS10
FOR FURTHER INFORMATION10
03. OVERVIEW OF THE CONSOLIDATED FINANCIAL STATEMENTS11
04. MANAGEMENT BOARD MANAGEMENT REPORT13
HIGHLIGHTS OF THE YEAR14
PRESENTATION OF FINANCIAL STATEMENTS15
STOCK MARKET PERFORMANCE16
POST-BALANCE SHEET EVENT16
OUTLOOK16
LIST OF EXISTING BRANCHES17
VALUE OF INTERCOMPANY LOANS GRANTED17
INFORMATION ON PAYMENT TERMS17
INFORMATION ON THE DISTRIBUTION OF SHARE CAPITAL AND HOLDINGS18
INFORMATION ON TRANSACTIONS PERFORMED BY DIRECTORS DURING THE FINANCIAL YEAR20
INFORMATION ON RESEARCH AND DEVELOPMENT ACTIVITIES21
2019 NON-FINANCIAL PERFORMANCE STATEMENT21
INFORMATION ON RISKS40
DESCRIPTION OF INTERNAL CONTROL AND MANAGEMENT OF RISKS PROCEDURES RELATIVE TO THE PREPARATION AND PROCESSING OF FINANCIAL AND ACCOUNTING INFORMATION42
APPROVAL OF THE PARENT COMPANY AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 201944
INFORMATION ON NON-DEDUCTIBLE CHARGES44
ALLOCATION OF NET PROFIT44
COMBINED GENERAL MEETING OF 13 MAY 2020(1)44
05. REPORT ON CORPORATE GOVERNANCE49
CORPORATE GOVERNANCE50
INFORMATION ON REMUNERATION57
INFORMATION ON ELEMENTS LIABLE TO HAVE AN IMPACT IN THE EVENT OF A PUBLIC OFFERING70
OBSERVATIONS OF THE SUPERVISORY BOARD ON THE MANAGEMENT BOARD’S MANAGEMENT REPORT AND THE FINANCIAL STATEMENTS FOR THE YEAR JUST ENDED71
06. SOMFY SA FINANCIAL RESULTS FOR THE LAST FIVE YEARS73
07. CONSOLIDATED FINANCIAL STATEMENTS75
KEY FIGURES76
2019 HIGHLIGHTS79
POST-BALANCE SHEET EVENT80
CONSOLIDATED INCOME STATEMENT81
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME82
CONSOLIDATED BALANCE SHEET - ASSETS83
CONSOLIDATED BALANCE SHEET - EQUITY AND LIABILITIES84
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY85
CONSOLIDATED CASH FLOW STATEMENT86
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS87
08. PARENT COMPANY FINANCIAL STATEMENTS129
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2019130
BALANCE SHEET AT 31 DECEMBER 2019131
PROPOSED ALLOCATION OF 2019 PROFIT131
NOTES TO THE SOMFY SA FINANCIAL STATEMENTS132
09. LEGAL DOCUMENTS147
STATUTORY AUDITORS’ REPORT ON THE PARENT COMPANY FINANCIAL STATEMENTS148
STATUTORY AUDITORS’ SPECIAL REPORT ON REGULATED AGREEMENTS151
STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS152
INDEPENDENT THIRD-PARTY BODY’S REPORT ON THE CONSOLIDATED NON-FINANCIAL STATEMENT155
STATUTORY AUDITORS’ REPORT ON THE SHARE CAPITAL REDUCTION158
DRAFT RESOLUTIONS TO THE COMBINED GENERAL MEETING OF 13 MAY 2020159
STATEMENT OF THE PERSON RESPONSIBLE FOR THE ANNUAL FINANCIAL REPORT163
10. RECENT EVENTS SINCE 2 MARCH 2020165
PRESS RELEASE OF 23 MARCH 2020166
PRESS RELEASE OF 7 APRIL 2020166

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