Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Impacts on the consolidated financial position In the consolidated statement of financial position, the right of use is recognised on the non-current assets side and lease requirements are recognised on the liabilities side. At 31 ژ December 2019, the application of this standard impacted the consolidated financial position as follows: €57.9 million under "Rights of use assets" • (compared with €67.1 million at 1 January 2019); €37.7 million under "Long-term lease • liabilities" (compared with €54.0 million at 1 January 2019); and €21.5 million under "Short-term lease • liabilities" (compared with €17.0 million at 1 January 2019).

Impacts on the statement of cash flows The statement of cash flows shows rent payments as a decrease in lease liabilities. At 31 ژ December 2019, the application of this standard impacted the statement of cash flows as follows: +€25.3 million under "Cash flows from • operating activities after cost of net debt and income tax"; +€1.6 million under "Cost of net debt" and • -€26.9 million under cash flows from • (used in) financing activities.

Reconciliation table with lease commitments (IAS ژ 17

in € ڳ millions

88.7 (4.6) (2.2) (4.3) +1.3 (1.7) (4.4) 71.0 (1.8)

Operating lease liabilities at 31 ژ December 2018

Leases dated after 1 ژ January 2019

Rents of optional periods

Payments for non-lease components

Impact of discounting

Finance lease liabilities

Calculation of variable rents

Other

Lease liabilities at 1 ژ January 2019

Presentation of the impacts 1.1.1.3 of the application of IFRS ژ 16 on the financial statements as lessor The Econocom group has been applying IFRS ژ 16 since 1 ژ January 2019 according to the simplified retrospective approach. Consequently, the 2018 financial statements have not been restated.

Operating lease expense for 2018 In 2018, operating lease expenses totalled €33.6 million for the group overall (including rental charges of €23.8 million) and €9.8 million for the leases of vehicles and other equipment.

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2019 annual report