Cogelec : ANNUAL FINANCIAL REPORT 2022 COGELEC GROUP

25 April 2023

ANNUAL FINANCIAL REPORT

COGELEC GROUP

2022

ANNUAL FINANCIAL REPORT AS AT 31 DECEMBER 2022	1

		25 April 2023
CONTENTS
1.		MANAGEMENT REPORT	8
1.1 KEY EVENTS	9
1.2 INFORMATION ON THE GROUP	10
1.3 COMPANY INFORMATION	14
1.4 STOCK MARKET INFORMATION	15
1.5 SUBSIDIARIES AND EQUITY INTERESTS	17
1.6 BRANCHES	17
1.7 POST-CLOSING EVENTS AND OUTLOOK	17
1.8 RISK MANAGEMENT	18
1.9 INTERNAL CONTROL AND RISK MANAGEMENT PROCEDURES RELATING TO THE PREPARATION AND PROCESSING OF	25
ACCOUNTING AND FINANCIAL INFORMATION
1.10 ELEMENTS OF THE MANAGEMENT REPORT PRESENTED IN OTHER PARTS OF THE ANNUAL FINANCIAL REPORT	26
2.		CORPORATE GOVERNANCE REPORT	27
2.1 CORPORATE GOVERNANCE	28
2.2 INFORMATION ON REMUNERATION	34
2.3 OTHER ELEMENTS OF THE CORPORATE GOVERNANCE REPORT	35
2.4 INFORMATION ON SHARE CAPITAL	36
3. CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP AS AT 31 DECEMBER 2022	41
3.1 CONSOLIDATED BALANCE SHEET	42
3.2 CONSOLIDATED INCOME STATEMENT	43
3.3 COMPREHENSIVE INCOME	44
3.4 CONSOLIDATED CASH FLOW STATEMENT	44
3.5 STATEMENT OF CHANGES IN EQUITY	46
3.6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS	47
4. ANNUAL FINANCIAL STATEMENTS OF THE COMPANY AS AT 31 DECEMBER 2022	98
4.1 INCOME STATEMENT	99
4.2 BALANCE SHEET AS AT 31 DECEMBER 2022	101
4.3 NOTES TO THE COMPANY FINANCIAL STATEMENTS	103
4.4 TABLE OF RESULTS FOR THE LAST FIVE FINANCIAL YEARS	123
5.		STATUTORY AUDITORS' REPORTS		Erre
5.1 STATUTORY AUDITORS' REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS		Erre
5.2 STATUTORY AUDITORS' REPORT ON THE ANNUAL FINANCIAL STATEMENTS	129
5.3 STATUTORY AUDITORS' REPORT ON REGULATED AGREEMENTS AND COMMITMENTS	133
6.		OTHER INFORMATION	135
6.1 COMPANY INFORMATION	136
6.2 STATEMENT BY THE PERSON RESPONSIBLE FOR THE ANNUAL FINANCIAL REPORT	139
		ANNUAL FINANCIAL REPORT AS AT 31 DECEMBER 2022	2

25 April 2023

THE MANAGEMENT COMMITTEE

Roger LECLERC,

Victor d'ALLANCE,

Véronique POCHET,

Chairman and Chief

Director of International

Chief Financial Officer

Executive Officer

Development

Norbert MARCHAL,

Head of advanced research and mechatronic projects

						Xavier BENAITEAU,
	Laurent CARAMELLE,
					Industrial Manager
	Director of the Research &
	Development program

Anne FONTENEAU,		Jean-Philippe HERVOUET,
Head of Human Resources		IT Manager

ANNUAL FINANCIAL REPORT AS AT 31 DECEMBER 2022

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THE COMPANY AND ITS ACTIVITIES

Founded in 2000 in Mortagne-sur-Sèvre (85), COGELEC is a group that is revolutionising access control.

Founded on values of innovation and service quality, the company achieves its primary objective day after day: putting technology to work for its customers and users to make their daily lives easier and more secure.

COGELEC designs and manufactures all of its ranges in France, on its premises, divided between its head office in Vendée, its Research and Development office in Nantes, and its European subsidiaries.

ANNUAL FINANCIAL REPORT AS AT 31 DECEMBER 2022

25 April 2023

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25 April 2023

THE COMPANY, ITS BRANDS, PRODUCTS AND SERVICES

ITS BRANDS

COGELEC covers the entire access control market (collective and individual housing, tertiary sector and local authorities) through the products of its four brands:

ITS PRODUCTS AND SERVICES to meet all its customers' needs

ITS HISTORY

ANNUAL FINANCIAL REPORT AS AT 31 DECEMBER 2022

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