SOMFY - Half-Year Financial 2020
02 2020 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
FINANCIAL ITEMS NOTE 8 — NET FINANCIAL INCOME/(EXPENSE) NOTE 8.1
30/06/20 6 months
30/06/19 6 months
€ thousands
Cost of net financial debt
-929
-1,074
Financial income from investments – Financial expenses related to borrowings –
552
604
-1,481
-1,678
Of which financial charges related to IFRS 16 ●
-496
-529 -942
Effect of foreign currency translation
-4,883 1,845 -3,967
Other
117
NET FINANCIAL EXPENSE
-1,898
Net financial expense was €4.0 million for the six months to 30 June 2020, compared with an expense of €1.9 million for the period ended 30 June 2019. The fall was mainly due to an increase in unrealised exchange rate losses on foreign currency receivables and payables (BRL in particular), partly offset by a higher reversal of the provisions on Garen’s financial assets (€1.9 million in 2020 compared with€0.3 million in2019).
FINANCIAL ASSETS AND LIABILITIES NOTE 8.2
Financial assets Note 8.2.1
Equity invest- ments
Loans
Deposits and guarantees
Other
Current and non-current financial assets
Realisable within 1 year
Non-current financial assets
€ thousands
4,693
4,216
At 1 January 2020
1,958
285
2,447
3 1
477
579
577
Increase Decrease
463
1
114
2
-346
—
— -346 — 1,915
— —
— —
-346
1,915
1,915
Net change in impairment Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income
—
-1,924
-1,918
— -1,885
-39
—
-5
—
—
—
—
—
—
—
—
—
—
—
—
—
—
182
-204
Other movements AT 30 JUNE 2020
— 182
—
—
386 514
2,421 2,421
152
2,523 2,076
4
5,100 4,586
4,586
— —
Non-current financial assets Current financial assets
88 64
—
— —
514
—
447
4
Financial assetsrealisablewithin one year mainly comprise short-term deposits.
25
SOMFY – HALF-YEAR FINANCIAL REPORT 2020
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