Econocom - 2019 Universal registration document

06 consolidated financial statements

otes to the consolidated financial statements

31 ژ Dec. 2019

31 ژ Dec. 2018

in € ڳ millions

Recoverable within 12 months, before netting, by tax jurisdiction Recoverable after 12 months, before netting, by tax jurisdiction

(4.1)

9.2

31.3

18.0

Net deferred tax assets (liabilities)

27.2

27.2

Tax loss carryforwards At 31 ژ December 2019, the Group’s tax loss carryforwards amounted to €178 million, versus €139.7 million at 31 ژ December 2018. The increase in tax loss carryforwards primarily concerns Econocom International Italia, Econocom Austria, Econocom Deutschland Holding, Aragon and Synertrade SES AG. Unrecognised deferred tax assets on tax loss carryforwards totalled €29.2 million versus €18.4 million at 31 ژ December 2018. This increase is in line with the increase in unrecognised losses in 2019. If anything this is financial year, but exercice is not in the TM as a defined term, and is rarely sued. Basic earnings per share 8.

Basic earnings per share is calculated by dividing profit for the period attributable to owners of the parent by the weighted average number of shares outstanding during the ژ year, excluding treasury shares on a pro rata basis.

instruments carrying deferred rights to the parent company’s capital, issued either by the parent company itself or by any one of its subsidiaries. Dilution is calculated separately for each instrument, based on the conditions prevailing at the end of the reporting period and excluding non-diutive

Diluted earnings per share is calculated by

instruments.

taking

into

account

all

financial

Basic earnings per share attributable to owners of the parent

2019 2018 restated*

in € ڳ millions, except for per share data and number of shares

Consolidated profit (loss) for the period

44.7

39.4

Consolidated profit (loss) attributable to owners of the parent from continuing operations Consolidated profit (loss) attributable to owners of the parent from discontinued operations Recurring consolidated profit (loss) attributable to owners of the parent (1)

53.9

45.2

(9.2)

(5.9)

72.1

62.4

Average number of shares outstanding

227,816,144

234,888,774

Consolidated profit (loss) for the period per share (in €) Earnings per share from continuing operations (in €) Earnings per share from discontinued operations (in €)

0.196 0.237

0.168 0.193

(0.041)

(0.025)

Recurring earnings per share attributable to owners of the parent (1) (in €)

0.317

0.266

Pursuant to the application of IFRS 5 (see 2.2.5.). * Recurring earnings for the year attributable to owners of the parent corresponds to profit for the year attributable (1) to owners of the parent, before the following items:

amortisation of intangible assets from acquisitions, net of tax effects; • other non-recurring operating income and expenses, net of tax effects; ژ • other non-recurring financial income and expenses, net of tax effects; • profit from discontinued operations. •

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2019 annual report