SOMFY - Half-Year Financial 2020
02 2020 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
CONSOLIDATEDCASHFLOWSTATEMENT
Notes
30/06/20 6 months
30/06/19 6 months
€ thousands
Consolidated net profit
80,909 27,638
91,187 28,135
Depreciation and amortisation of assets (excluding current assets)
Charges to/reversals of provisions for liabilities
303
19 82
Unrealised gains and losses related to fair value movements
-301
Unrealised foreign exchange gains and losses
5,828 3,460
-1,962 2,908 29,181
Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items
36,928
Profit on disposal of assets and others Share of net profit/(loss) from associates
109
84
-1,409 1,122
-1,333 -1,708
Deferred tax expense
Cash flow
117,659
117,412
Cost of net financial debt (excluding non-cash items)
929
1,074
Tax expense (excluding deferred tax) Change in working capital requirements
17,207 -38,971 -6,810 90,013
24,231 -53,130 -10,220 79,366
(9.2)
Tax paid
NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: intangible assets and property, plant and equipment –
-22,679
-24,463
non-current financial assets –
-577
-350
Disposal-related proceeds: intangible assets and property, plant and equipment –
193 346
159
Change in current financial assets
1,169
Acquisition of companies, net of cash acquired
(8.2.2)
-769
-869
Interest received
426
360
NET CASH FLOW FROM INVESTING ACTIVITIES (B)
-23,061
-23,995
Increase in loans
(8.2.2) (8.2.2)
205
2
Repayment of borrowings and lease liabilities Dividends and interim dividends paid*
-7,326
-7,067
— -48,094
Movement in treasury shares
-187
919
Interest paid
-1,481 -8,788 -2,383 55,781 386,190 441,971
-1,685
NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C) Impact of changes in foreign exchange rates on cash and cash equivalents (D)
-55,924
1,443
NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
890
(9.1) (9.1)
253,413 254,304
€43 million in dividends was paid on 2 July 2020 due to the postponement of the Annual General Meeting until the end of June. *
13
SOMFY – HALF-YEAR FINANCIAL REPORT 2020
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