SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

Allocated intangible assets

Develop- ment costs

Patents and brands

Software

Other intangible assets

In progress and advance payments

Total

€ thousands

124,437 11,613 -16,376

Gross value at 1 January 2019

9,789 48,957

4,244 53,588

2,061

5,799

Acquisitions

–

–

75

1,201

8 10,329

Disposals

– -15,492

-176

-708

– 2

– 1

38

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

1

-1

5

32

–

–

–

–

–

–

–

71

Other movements

1

3,582

1

1,935

323

-5,771

AT 31 DECEMBER 2019

9,791 37,045 -7,027 -33,763

4,149 56,048 -3,304 -41,617

2,393 10,358 119,784

-87,373 -9,490 16,337

Accumulated amortisation at 1 January 2019

-1,662

– – – –

Amortisation charge for the period

-1,004

-3,975

-441

-4,026

-44

Disposals

– 15,507

168

662 -23

– –

-26

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

1

1

-4

–

–

–

–

–

–

–

-14

Other movements

–

41

–

-55

–

–

AT 31 DECEMBER 2019

-8,030 -22,188 -3,581 -45,059 -1,707

– -80,566

NET VALUE AT 31 DECEMBER 2019

1,761 14,857

568 10,989

686 10,358* 39,219

Including €5.9 million in development expenses in progress. *

Allocated intangible assets

Develop- ment costs

Patents and brands

Software

Other intangible assets

In progress and advance payments

Total

€ thousands

139,693

Gross value at 1 January 2018

29,963 42,926

8,267 48,549

2,294

7,694 8,365

9,919

Acquisitions

–

553

42

911

48

-871

Disposals

-261

–

– 7

-331

-279

– –

-77

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

-52

-10

-20

-2

-24,220

-19,861

86

-4,072

-374

–

–

-6

Other movements

–

5,401

–

4,853

– -10,260

AT 31 DECEMBER 2018

9,789 48,957 -19,928 -29,892

4,244 53,588 -3,577 -38,671

2,061 -1,860

5,799 124,437

-93,928 -8,937

Accumulated amortisation at 1 January 2018

– – – –

Amortisation charge for the period

-1,173

-3,753

-451

-3,474

-86 278

743

Disposals

140

–

-1 -8

326

53

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method

31

10

19

1

14,685

13,902

-86

737

132

–

–

10

Other movements

–

-41

-4

51

4

–

AT 31 DECEMBER 2018

-7,027 -33,763 2,762 15,194

-3,304 -41,617 940 11,971

-1,662

– -87,373

NET VALUE AT 31 DECEMBER 2018

398 5,799* 37,064

Including €4.7 million in development expenses in progress. * The change in consolidation method mainly concerned Dooya at 31 December 2018.

Development expenses fulfilling the criteria of IAS 38 are capitalised and deemed as internally-generated intangible assets. At 31 December 2019, the gross value of these assets was €42.9 million, of which €5.9 million was in progress and the net value was €20.7 million.

102

SOMFY – ANNUAL FINANCIAL REPORT 2019