SOMFY - Annual financial report 2019

07 CONSOLIDATED FINANCIAL STATEMENTS

Movements between 2018 and 2019 can be analysed as follows:

RETIREMENT BENEFITS – FRANCE

Gross obligation

Plan assets

Net obligation

Balance sheet position

€ thousands

At 31 December 2018

18,704

-825

17,879

17,879

571 583 -12

Net expense for the period:

583 583

-12

571 583 -12

current service cost and financial cost –

–

return on plan assets – employee contributions –

– – –

-12

– –

– –

– –

Contributions paid

-11

Benefits paid

-293

282

-11

2,691

Actuarial gains & losses/Past service cost

2,696

-5

2,691

Changes in consolidation scope

–

–

–

–

AT 31 DECEMBER 2019

21,690

-560

21,130

21,130

Gross obligation

Plan assets

Net obligation

Balance sheet position

€ thousands

At 31 December 2017

16,153

-852

15,301

15,301

974 987 -13

Net expense for the period:

987 987

-13

974 987 -13

current service cost and financial cost –

–

return on plan assets – employee contributions –

– –

-13

–

–

–

-40

Contributions paid

-99

59

-40

–

Benefits paid

–

–

–

1,644

Actuarial gains & losses/past service cost

1,663

-19

1,644

Changes in consolidation scope

–

–

–

–

AT 31 DECEMBER 2018

18,704

-825

17,879

17,879

118

SOMFY – ANNUAL FINANCIAL REPORT 2019