SOMFY - Annual financial report 2019

08 PARENT COMPANY FINANCIAL STATEMENTS

WRITEDOWN OF NON-CURRENT ASSETS NOTE 6.3

Amount at 31/12/18

Charges Reversals used

Reversals unused

Merger movements

Other movements

Amount at 31/12/19

€ thousands

Equity investments*

26,276

4,054 2,450

– –

-692

– – – –

– – – –

29,638

Receivables from equity investments**

3,233 2,870

– –

5,683 2,005

Other financial assets

–

-865 -865

32,380

6,504

-692

37,327

Charges for the financial year primarily concern Opendoors. * These charges primarily concern Opendoors and Neocontrol. **

ANALYSIS OF MATURITY OF RECEIVABLES NOTE 7 — € thousands

Total amount Less than 1 year More than 1 year

Non-current receivables Receivables from equity investments

22,458

4,583

17,875

Other financial assets

3,327 7,658

–

3,327 6,329

Bonds

1,329

Current receivables Trade receivables

1,052

1,052

– – –

Miscellaneous receivables

66,390

66,390

Prepaid expenses and translation adjustment

7,721

7,721

108,605

81,075

27,530

Miscellaneous receivables mainly comprise €27,176 thousand of intragroup current accounts, primarily originating from the implementation of cash pooling at Group level, as well as receivables on the disposal of CIAT totalling €9,652 thousand.

DEFERRED INCOME AND OTHER RECEIVABLES NOTE 8 — € thousands Dividends

–

Accrued interest on cash accounts Trade receivables, invoices to be issued

93

318

Government, tax and duties

25,254 15,889

Other (incl. CIAT)

The balance of the item “Government, tax and duties” includes the reimbursements expected from the settlement of income tax and tax credits not yet allocated.

ASSET TRANSLATION ADJUSTMENTS IN FOREIGN CURRENCY DENOMINATED DEBTS NOTE 9 AND RECEIVABLES — Asset side impact € thousands Total

Provision for liability

Bonds

4,809 1,323

4,809 1,323

Receivables from equity investments

Miscellaneous receivables

18

18

Financial debts

–

–

6,150

6,150

137

SOMFY – ANNUAL FINANCIAL REPORT 2019