SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Detailed information Note 7.2.1.2

Equity investments

Loans

Deposits and guarantees

Other Current and non-current financial assets

Realisable within 1 year

Non-current financial assets

€ thousands

5,336 6,041

4,942 6,041

At 1 January 2022

3,160 5,898

61

2,113

3

394

Increase Decrease

-

142

-

-

-8 -4

-

0

-63

56

-1

-8

-4

Net change in impairment Impact of changes in foreign exchange rates

-4

-

-

-

-

45

26

-

39

-

5

18

Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income

363

300

11

309

34

23

63

-

-

-

-

-

-

-

-

145

Other movements

-

-

-

-

-145

AT 31 DECEMBER 2022

9,065 9,065

346 280

2,345 2,090

30 28

11,772 11,450

322

11,450

Non-current financial assets Current financial assets

- -

- -

322

-

66

255

2

The increase in treasury shares was mainly related to the acquisition of 6.33% of the share capital of Elcia for €5 million (see Significant events). The impact of changes in consolidation scope is linked to the acquisition of Teleco Automation. Financial assetsrealisable within one year mainly comprise short-termdeposits.

Financial liabilities Note 7.2.2

BORROWINGS AND BORROWING COSTS Upon initial recognition, loans and other interest-bearing debts are measured at fair value, increased by transaction costs that are directly attributable to the issuance of the liability. Fair value generally equalsthe amount of cash received. Issuing charges and premiums are taken into consideration in measuring amortised cost according to the effective rate method. Therefore, they are recognised in the income statement on anactuarial basis over the duration of the liability. Interest on loans is recognised as an expense of the period.

114

SOMFY – ANNUAL REPORT 2022