SOMFY // 2022 Annual Report

05 CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

121

ANALYSIS OF CASH FLOW NOTE 8 STATEMENT

ACCOUNTING PRINCIPLES 94 NOTE 1 Consolidated financial statements – Note 1.1 Basis for preparation 94 Compliance with accounting standards Note 1.2 94 Judgements and estimates Note 1.3 94

Note 8.1 121

Cash and cash equivalents

Note 8.2

Intangible assets and property, plant

121

and equipment

Note 8.3 121

Change in working capital requirements Business acquisitions and disposals, net of cash

Note 1.4 95

New applicable standards and interpretations

Note 8.4

121

CONSOLIDATION SCOPE 95 NOTE 2 Consolidation method Note 2.1 95 Foreign exchange translation Note 2.2 96 Business combinations Note 2.3 96

acquired or disposed of

122

PROVISIONS AND CONTINGENT NOTE 9 LIABILITIES

Note 9.1 122 Note 9.2 123

Provisions

Note 2.4 97

Operations treated in accordance with IFRS 5

Contingent liabilities

SEGMENT REPORTING 98 NOTE 3 Accounting principles Note 3.1 98 Detailed information Note 3.2 98

EMPLOYEE INFORMATION NOTE 10 123 Workforce Note 10.1 123 Employee benefits Note 10.2 123 Share-based payments Note 10.3 125 CURRENT AND DEFERRED TAX 126 NOTE 11 Tax proof Note 11.1 127 Deferred tax recognised in items of other Note 11.2 comprehensive income 128 Analysis by type Note 11.3 129

PERFORMANCE-RELATED DATA NOTE 4 99 Sales Note 4.1 99 Other non-current operating income Note 4.2 and expenses 100 Alternative performance measures Note 4.3 101 Inventories Note 4.4 102 Trade receivables Note 4.5 103 Other current and non-current receivables Note 4.6 104 Other current and non-current liabilities Note 4.7 104

129

OFF-BALANCE SHEET NOTE 12 COMMITMENTS

Note 12.1 129 Note 12.2 129

Commitments given Commitments received

105

INTANGIBLE ASSETS NOTE 5

AND PROPERTY, PLANT AND EQUIPMENT Goodwill and impairment tests

Note 12.3

Commitments to acquire additional shares in companies not fully consolidated

129

Note 5.1 105 Note 5.2 106 Note 5.3 109

130

INVESTMENTS IN ASSOCIATES NOTE 13 AND JOINT VENTURES AND RELATED PARTIES

Other intangible assets

Property, plant and equipment

EQUITY AND EARNINGS PER SHARE NOTE 6 112 Equity Note 6.1 112 Earnings per share Note 6.2 112

Note 13.1 130 Note 13.2 130

Investments in associates and joint ventures

Related-party disclosures

STATUTORY AUDITORS’ FEES 131 NOTE 14 LIST OF CONSOLIDATED AND NOTE 15 EQUITY-ACCOUNTED ENTITIES 131

FINANCIAL ITEMS 113 NOTE 7

Note 7.1 113 Note 7.2 113 Note 7.3 119

Net financial income/(expense) Financial assets and liabilities Financial risk management policy

93

SOMFY – ANNUAL REPORT 2022