SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

Non-current provisions Note 9.1.1

Provisions for guarantees

Provisions for litigation

Provision for agents

Provisions for liabilities and charges

Total 2019

€ thousands

8,936 1,449 -1,488

At 1 January 2019

5,620

1,074

437

1,805

Charges

153

942

33

321 -49 -35

Used reversals Unused reversals

-690

-744 -304

-5

-339

–

– – – –

37

Impact of changes in foreign exchange rates

28

– – –

8 –

–

Impact of changes in consolidation scope and method

– –

Other movements

-47

-47

AT 31 DECEMBER 2019

5,111

968

465

2,003

8,548

Current provisions Note 9.1.2

Provisions for guarantees

Provisions for litigation

Provisions for liabilities and charges

Total 2019

€ thousands

7,489 6,198 -1,392 -1,092

At 1 January 2019

4,371

641

2,477 3,371

Charges

828

1,999

Used reversals Unused reversals

-337

-323 -496

-732 -596

–

4 –

Impact of changes in foreign exchange rates

27

– – –

-23

Impact of changes in consolidation scope and method

– –

–

Other movements

47

47

AT 31 DECEMBER 2019

4,889

1,821

4,544

11,253

CONTINGENT LIABILITIES NOTE 9.2

Contingent liabilities correspond to potential obligations arising from past events, whose existence will only be confirmed by the occurrence of uncertain future events that are beyond the entity’s control, or from current obligations for which no cash outflow is likely to occur. Except for those resulting from business combinations, they are not recognised but disclosed in the notes to the financial statements.

All the Group’s contingent liabilities are listed in the Highlights.

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SOMFY – ANNUAL FINANCIAL REPORT 2019