SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

Contract nominal value

31/12/18 € thousands

Sales 4,501 2,179 6,300

Purchases

Net total

Fair value

4,501 1,858 6,300

AUD CAD CHF CNY GBP HKD HUF MXN NOK PLN RON RUB SEK SGD THB TRY USD ILS JPY

–

68 43

-320

–

-85 127

-11,936

–

-11,936

4,886

4,886 1,282

–

16

803 623

-480

-21

623

– – – – – – – – – –

-6

4,421 3,689

4,421 3,689

63

-99 -11

515

515

2,553 5,277

2,553 5,277

56

-35

708

708

-8 -2

1,143 1,950

1,143 1,950

-73 -20 -11

720 518

720

3,838 1,485

-3,320

1,485 -1,790 28,225

–

-125

830

-2,620

74

46,901

-18,676

-49

Foreign exchange hedges by type

Contract nominal value

31/12/19 € thousands

Sales

Purchases

Net total

Fair value

4,668 4,014

Fair Value Hedges Cash Flow Hedges

19,200 28,012

-14,532 -23,999

-511

– –

Net Investment Hedges

– –

– –

– –

Trading

47,213

-38,531

8,682

-511

Contract nominal value

31/12/18 € thousands

Sales

Purchases

Net total

Fair value

6,128

Fair Value Hedges Cash Flow Hedges

13,761 33,140

-7,634 -11,043

-49

22,097

– –

Net Investment Hedges

– –

– –

– –

Trading

46,901

-18,676

28,225

-49

Interest rate risk

The majority of the Group companies’ financial liabilities is at variable rate. The Group applies hedge accounting to interest rate hedge instruments. The effective portion of fair value movements is therefore taken to items of other comprehensive income and the ineffective portion is recognised in net financial income/(expense). The Group did not use any interest-rate hedging instruments during the 2019 financial year, as was also the case in 2018.

113

SOMFY – ANNUAL FINANCIAL REPORT 2019