SOMFY // 2022 Annual Report

06 PARENT COMPANY FINANCIAL STATEMENTS

Foreign exchange hedges by type

Contract nominal value

31/12/22 € thousands

Sales

Purchases

Net total -5,737 -15,481

Fair value

Fair Value Hedges Cash Flow Hedges

13,684 20,910

-19,421 -36,391

221

- -

Net Investment Hedges

- -

- -

- -

Trading

34,594

-55,812

-21,218

221

Contract nominal value

31/12/21 € thousands

Sales

Purchases

Net total

Fair value

6,663 3,507

Fair Value Hedges Cash Flow Hedges

21,960 21,270

-15,297 -17,763

232

- -

Net Investment Hedges

- -

- -

- -

Trading

43,230

-33,060

10,170

232

RAW MATERIAL RISK NOTE 15.2 SOMFY SA protects its manufacturing subsidiaries against fluctuations in the price of raw materials via hedging agreements for materials on the financial markets (copper and zinc paper hedging) on components that cannot be physically covered. Income and expenses on completed hedging transactions have been reinvoiced infull to the subsidiaries concerned. The unrealised loss resulting from the recognition at fair value of the financial instruments, whose nature as a hedge cannot be demonstrated, was recognised at the end of the financial year. At 31 December 2022, the effective portion of hedges wasvalued at a negative €0.2 million and the ineffective portionwas nil.

31/12/22

Tonnes Hedging of items off-balance sheet € thousands

Fair value € thousands

Types

Copper

1,105

8,487 2,710

74

Swap Swap

Zinc

906

-227 -153

2,011

11,197

31/12/21

Tonnes Hedging of items off-balance sheet € thousands

Fair value € thousands

Types

Copper

250 695 945

1,979 1,839 3,818

154 315 470

Swap Swap

Zinc

STATUTORY AUDITORS’ FEES NOTE 16 — The amount of the Statutory Auditors’ fees, excluding tax and disbursements, paid by SOMFY SA (issuer) is provided in note 14 to the consolidated financial statements.

149

SOMFY – ANNUAL REPORT 2022