SOMFY - Annual financial report 2019

08 PARENT COMPANY FINANCIAL STATEMENTS

MARKET VALUE OF DERIVATIVES NOTE 15 — FOREIGN EXCHANGE RISK NOTE 15.1

Somfy’s exposure to foreign exchange risk is primarily related to its operational activities (intragroup sales of manufactured products distributed by commercial subsidiaries outside the Euro zone, these sales being denominated in local currencies, and purchases denominated in local currencies). Subsidiaries’ hedges in these areas are made through the parent company Somfy SA. Commercial transactions are covered for a period of less than 12 months. The main hedging instruments usually used by the company are forward purchases and sales.

Foreign exchange hedges by currency

Contract nominal value

31/12/19 € thousands

Sales 3,032 2,877 6,541

Purchases

Net total

Fair value

3,032 2,877 6,541

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

– – –

2

-1

-105

-15,472 -4,762

– –

-15,472 -4,762

236

95

8,486

8,486 1,623

–

-576

709 197

-915

-9

197

–

–

3,823 3,838

4,763 4,084 1,051

-940 -246 -113 -233

-90

66

938 598

-49

831

22

1,034

3,641

-2,608

-17

165

165

– –

–

1,021 2,623 1,999

1,021 2,680 1,999

-39 -56 -29 -21 -55 113

-57

– –

560

560

1,272

1,436 2,225

-165

-10,771

-12,996

-24

–

-24

–

47,213

-38,531

8,682

-511

141

SOMFY – ANNUAL FINANCIAL REPORT 2019