SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

Analysis by category Note 7.2.2.1

Borrowings from credit institutions

Due within 1 year

Non current financial liabilities

Lease liabilities

Other borrowings and financial liabilities

Total liabilities from financing activities

Bank overdrafts

Current and non current financial liabilities

€ thousands

At 1 January 2022 Increase in loans

94,634

95,040

63,796

831 53,929

39,874

406

31,244

132

185

132

9

-

123

53

53

Repayment of borrowings and lease liabilities Other movements related to business acquisitions Total cash movements Impact of the revaluation of put options Impact of changes in foreign exchange rates

-17,449

-17,635

-

-864 -16,410

-175

-186

-17,635

-540

-540

-

-

-

-540

-

-540

-855 -16,410

-592 -17,857

-133 -17,990 -18,122

132

5,631

5,631

5,305

-

-

5,631

-

326

255

442

287

-

275

-20

187

155

22,006

22,006

22,006

New lease liabilities

-

22,006

-

-

-

Adjustments to lease liabilities with no cash impact

-1,423

-1,423

-

-

-1,423

-

-

-1,423

Impact of changes in consolidation scope and method

95,258

95,255

93,077

3,683

2,609

88,966

-3

2,177

-

-

-30,952

Other movements

-

-

-

-

30,952

Total non-cash movements AT 31 DECEMBER 2022 Non-current financial liabilities Current financial liabilities

3,683 23,467

94,577 121,727

184 121,910 32,188 89,723 457 198,960 45,310 153,650

3,659 60,986 133,858 198,504

153,650 44,853

153,650 45,310

2,515 45,708 105,427

-

- -

- -

1,144 15,278

28,431

457

The impact of changes in consolidation scope is linked to the acquisition of Teleco Automation. Other borrowings and financial liabilities mainly include the fair value of the put option granted to the Dooya partners, the amount of which is equal to the difference between the estimated contractual value that would result from the exercise of the put option and the fair value of the portion corresponding to the underlying assets. The liability derivative was stable between 31 December 2022 and 2021 at €16.6 million. The balance of Other borrowings and financial liabilities includes the debt relating to the put options granted to the holders of non-controlling interests, changes in which are recognised in equity, and earn-outs, changes in which are recognised in the income statement. This item increased by €94 million as a resultof the acquisition of Teleco Automation.

115

SOMFY – ANNUAL REPORT 2022