SOMFY - Annual financial report 2019
07 CONSOLIDATED FINANCIAL STATEMENTS
The application of IFRS 16 “Leases” from 1 January 2019 and its impact are detailed in note 1.4.1. IAS 17 applies to periods up to 31 December 2018.
Land Buildings
Right- of-use assets Land and buildings
Plant, machi- nery and tools
Right- of-use assets Plant, machi- nery and tools
Other property, plant and equip- ment
Right- of-use assets Other property, plant and equip- ment
In progress and advance payments
Total
€ thousands
– 22,187 551,726
Gross value at 1 January 2019 Impact of the application of IFRS 16 from 1 January 2019
22,710 161,468
– 278,180
– 67,182
42,105
–
– 34,523
–
420
– 7,162
–
19,138 41,047
New right-of-use assets
–
– 13,955
–
816
– 4,367
–
Acquisitions
250 1,232
– 7,274
– 4,532
– 27,759
– -22,420
Disposals
-47 -2,158 -666 -12,502
-65 -6,305 -677
Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method
1,820
76
317
388
430
1
518
42
48
–
–
–
–
–
–
–
–
–
-71
Other movements
-6,366 -9,956 23,305 20,265
6 3,209
104 -30,638
AT 31 DECEMBER 2019
16,623 150,903 71,505 293,647 1,178 69,136 10,998 19,355 633,344
Accumulated depreciation at 1 January 2019 Depreciation charge for the period
– -307,828
-965 -83,380
– -176,376
– -47,106
–
– -48,528
-254 -5,505 -9,419 -21,640 -322 -6,870 -4,518
20,997
Disposals
1 1,763
367 12,100
38 6,202
526
–
Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method
-685
-9 -121
-13 -206
–
-329
-6
–
–
–
–
–
–
–
–
–
–
14
Other movements
– 8,167 -8,151
59
-6
-16
-39
–
AT 31 DECEMBER 2019
-1,227 -79,077 -17,216 -186,063 -290 -48,120 -4,037
– -336,030
NET VALUE AT 31 DECEMBER 2019
15,396 71,826 54,289 107,584
888 21,016 6,961 19,355 297,314
The impact of IFRS 16 adoption with effect from 1 January 2019 on property, plant and equipment is €42.1 million. Other movements in leased assets also include the reclassification at 1 January 2019 of finance leases restated under IAS 17, consisting of land and buildings with a gross value of €23.3 million and €8.2 million in associated accumulated depreciation. At 31 December 2019, uncapitalised lease expenses relating to services and short-term or low-value leases are broken down as follows: €1.6 million in respect of property lease expenses, €1.6 million in respect of vehicle lease expenses and €1.0 million in respect of other lease expenses.
104
SOMFY – ANNUAL FINANCIAL REPORT 2019
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