SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED CASH FLOW STATEMENT

€ thousands

Notes

31/12/22 31/12/21

Consolidated net profit

238,430 67,948

259,423 57,496

Depreciation, amortisation and impairment loss of assets (excluding current assets) Charges to/reversals of provisions for liabilities (excluding employee benefits)

-4,443

2,327

Unrealised gains and losses related to fair value movements

-520

-202

Unrealised foreign exchange gains and losses

869

-1,665 5,512 63,468

Income and expenses related to stock options and employee benefits Depreciation, amortisation, provisions and other non-cash items

6,701

70,555

Profit on disposal of assets and others

522

3,540

Share of net profit/(loss) from associates and joint ventures

-24,659

-17,027

Deferred tax expense

384

3,703

Cash flow

285,232

313,108

Cost of net financial debt (excluding non-cash items)

1,351

2,610

Dividends of non-consolidated companies Tax expense (excluding deferred tax) Change in working capital requirements

-2

-

48,139

53,227 -4,559 -58,693 305,693

(8.3)

-102,443 -51,392 180,885

Tax paid

NET CASH FLOW FROM OPERATING ACTIVITIES (A) Acquisition-related disbursements: – intangible assets and property, plant and equipment

(8.2)

-87,385 -6,041

-54,951 -1,612

– non-current financial assets

Disposal-related proceeds: – intangible assets and property, plant and equipment

(8.2)

636

615 187

-

– non-current financial assets Change in current financial assets

8

3,890

Acquisition of companies, net of cash acquired Disposal of companies, net of cash disposed

(8.4) (8.4)

-109,711

-28,381

5,187 1,100

2,879

Dividends paid by associates

-

Dividends paid by non-consolidated companies and companies accounted for using equity method

2

-

Interest received

3,535

566

NET CASH FLOW FROM INVESTING ACTIVITIES (B)

-192,668

-76,807

Increase in loans

132

48

Repayment of borrowings and lease liabilities Net increase in subsidiaries’ shareholders’ equity

-17,449

-17,856

-

10

Dividends and interim dividends paid

-75,127

-63,767

Movement in treasury shares

-682

393

Interest paid

-5,271

-3,377

NET CASH FLOW FROM FINANCING AND CAPITAL ACTIVITIES (C)

-98,397

-84,549

Impact of changes in foreign exchange rates on cash and cash equivalents (D)

-240

3,402

NET CHANGE IN CASH AND CASH EQUIVALENTS (A + B + C + D) CASH AND CASH EQUIVALENTS AT THE START OF THE PERIOD CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

-110,420 736,258 625,839

147,739 588,519 736,258

(8.1) (8.1)

89

SOMFY – ANNUAL REPORT 2022