Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Impacts on the income statement and statement of cash flows As of 1 ژ January 2019, profit from these operations is presented on a separate line of the income statement, under “Profit (loss) from discontinued operations”. In accordance with IFRS ژ 5, comparative figures are restated. The application of IFRS ژ 5 impacts the 2019 and 2018 consolidated income statements as follows:

2019

2018

in € ڳ millions

Revenue from continuing operations

(161.2)

(220.5)

Operating expenses*

163.3

216.8 (3.7)

Profit (loss) from continuing operations

2.1 6.1

Other non-recurring operating income and expenses

8.7 5.0 0.4 5.4 0.4

Operating profit

8.2 3.5 11.7

Other financial income and expenses

Profit before tax Income tax expense

(2.4) (9.2)

Profit (loss) from discontinued operations (5.9) In accordance with IFRS 5, property, plant and equipment was not amortised in 2019, amortisations which would * have represented €7.2 million (in 2018 amortisations represented €6.6 million). Cash flows from discontinued operations are also presented on a separate line of the statement of cash flows. In accordance with IFRS ژ 5, comparative figures are restated. The application of IFRS ژ 5 impacts the 2019 and 2018 consolidated cash flow tables as follows:

2019

2018

in € millions

Net cash from (used in) operating activities Net cash from (used in) investing activities Net cash from (used in) financing operations

(10.3)

(5.3) +7.6 (2.0) (0.2)

- ژ - ژ

Impact of change in exchange rate

(0.2)

Net cash from (used in) discontinued operations

(10.5)

-

Assets and liabilities held for sale The assets and liabilities of these operations are presented solely at 31 ژ December 2019, on separate lines of the statement of financial position. In accordance with the requirements of the standard, the statements of financial position at 31 ژ December 2018 are not restated. At 31 ژ December 2019, the application of IFRS ژ 5 impacted the consolidated statement of financial position as follows:

31 ژ Dec. 2019

in € ڳ millions

Non-current assets

124.6

Current assets

73.1

Cash and cash equivalents

3.4

Assets held for sale Non-current liabilities

201.1

9.0

Current liabilities

74.3 83.3

Liabilities held for sale

169

2019 annual report