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