Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Other non-recurring operating 5. income and expenses

restructuring costs and costs associated • with downsizing plans; costs relating to acquisitions (acquisition • fees); the costs of relocating premises; • changes in the fair value of • acquisition-related liabilities (contingent consideration); changes in the fair value of put and call options to buy out noncontrolling interests are recognised directly in equity.

Nonrecurring operating income and expenses mainly include: income and expenses that are deemed • unusual in terms of their frequency, nature or amount; goodwill impairment losses; • material gains and losses on disposals of • property, plant and equipment and intangible assets, or of operating assets and investments;

2019 2018 restated*

in € ڳ millions

29.8

(15.2)

Restructuring costs

5.0

4.7

Other non-recurring expenses and income

Total

(24.8)

(19.9)

Following the application of IFRS ژ 5 (see 2.2.5.). *

Restructuring costs relate to the transformation plan launched in 2019 and the continuation of performance improvement plans during the year. Other non-current income and expenses includes the exceptional items recorded in 2019 in connection with the events which Econocom was a victim of in Italy, impairment losses of certain intangible assets (IT) and the capital gain from the disposal of Rayonnance.

184

2019 annual report