SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

Land Buildings

Plant, machinery and tools

Other property, plant and equipment

In progress and advance payments

Total

€ thousands

574,173 47,881 -11,215

Gross value at 1 January 2018

22,525 176,070 269,925

74,600 6,296 -4,811

31,053 32,752

Acquisitions

98

464 -83

8,271 -6,229

Disposals

-92

–

-1,730

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

-148

-368

-808

-196

-209

-57,389

–

-27,166

-11,718

-11,920

-6,585

Other movements

6

327

12,551

18,739

3,213

-34,825

AT 31 DECEMBER 2018

22,710 161,468 278,180

67,182 -50,061 -6,810

22,187 551,726

-302,159 -31,663

Accumulated depreciation at 1 January 2018

-832 -242

-82,406 -168,861

– – – –

Depreciation charge for the period

-5,750

-18,861

10,216

Disposals

92 17

71

5,796

4,257

195

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

-60

198

40

15,595

–

4,765

5,352

5,478

–

Other movements

-10

–

–

–

-10

–

AT 31 DECEMBER 2018

-965

-83,380 -176,376 78,087 101,804

-47,106 20,076

– -307,828

NET VALUE AT 31 DECEMBER 2018

21,745

22,187 243,898

The change in consolidation method mainly concerned Dooya at 31 December 2018.

There is no significant property, plant and equipment (buildings, machinery and tools) in continuing use, with a net book value of zero. There are no contractual commitments to purchase property, plant and equipment.

NOTE 6 EQUITY AND EARNINGS PER SHARE — EQUITY NOTE 6.1

Treasury shares Note 6.1.2

The Group holds treasury shares for the following purposes: to stimulate the secondary market or ensure the liquidity of – the Somfy share, by way of an investment services provider within a liquidity contract that complies with practices recognised by regulations; to retain the shares purchased and subsequently exchange – them or use them as payment within the framework of potential acquisitions; to ensure the coverage of stock option plans and/or free – share allocation plans (or similar) granted to employees and/or corporate officers of the Group, as well as all other shares allocated under a company or group savings scheme (or similar), in relation to employee profit-sharing and/or any other form of allocation to employees and/or corporate officers of the Group; to cover marketable securities giving right to the allocation of – company shares, in accordance with applicable regulations; to proceed with the possible cancellation of shares acquired. – Treasury shares directly held by the Group or through a liquidity contract are recognised as a reduction from equity. On their disposal, the consideration received for the disposal of treasury shares is directly recognised as an increase of Group equity, no gain or loss is thus recognised in net profit/loss for the financial year.

Transactions between shareholders Note 6.1.1

In the event of acquisition of additional interests in a subsidiary, the difference between the price paid and the book value of non-controlling interests acquired and any related acquisition costs is recognised as a reduction of the Group’s consolidated shareholders’ equity, and vice versa in case of disposal of interests without loss of control.

105

SOMFY – ANNUAL FINANCIAL REPORT 2019