Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Internal transactions include: sales of goods and services: the Group • ensures that these transactions are performed at arm’s length and that it does not carry any significant internal margins; cross-charging of overheads and • personnel costs.

The Group’s segment profit corresponds to “Profit (loss) from continuing operations”. This corresponds to operating profit before non-recurring operating income and expenses and amortisation of intangible assets from acquisitions.

3.2 Breakdown of revenue by geographical area

Revenue by geographical area (origin) 2019 2018 restated*

in € ڳ millions

1,545.3

1,510.4

France

391.2

395.4

Benelux

528.6

621.2

Southern Europe and Morocco

261.1

264.9

Northern & Eastern Europe

200.4

207.0

Americas

Total

2,926.6

2,999.0

In accordance with IFRS 5 (see 2.2.5), 2018 income and expenses of operations considered discontinued in 2019 are * reclassified to "Profit (loss) from discontinued operations" in the 2018 income statement. However, in accordance with the provisions of IFRS 16, which came into force on 1 January 2019, the 2018 data is not restated for the impact of this regulation on leases (see 1.1.1.1). In addition, the 2018 consolidated income statement is impacted by the recognition henceforth on the principal basis (within the meaning of IFRS 15) of direct deliveries (cf. 1.2.2.). 2019 Southern Europe turnover of €528.6 million breaks down as €306.4 million for Italy and €222.2 million for Spain. In 2018 the corresponding figures were €397.9 million for Italy and €201.4 million for Spain (after an IFRS 16 restatement of €21.9 million).

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2019 annual report