Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

ژ

2016

2018

Total

3

1

2

3

4

5

Tranches

Free shares outstanding at 31 ژ Dec. 2018

140,000 15,000 402,500 342,500 342,500 342,500 1,585,000

-

-

-

-

-

-

-

Award

(70,000) (15,000)

-

-

-

- (85,000)

Vesting

-

-

-

-

-

-

-

Exercise

(70,000)

- (205,000) (145,000) (145,000) (145,000) (710,000)

Loss

Free shares outstanding at 31 ژ Dec. 2019

-

- 197,500 197,500 197,500 197,500 790,000

May 2019

Feb 2019

March ژ 2020

March ژ 2021

March ژ 2022

March ژ 2023

Expiry date

-

Each tranche is contingent on the employee being present in the Group throughout the vesting period, and on a series of conditions relating to performance and share price. Econocom Group 15.3.1.3. share-based payment expense in the income statement The total expense taken to profit or loss in 2019 in respect of share-based payments amounted to €0.7 ژ million, and was recorded in personnel costs within recurring operating profit. A tax effect was recognised for an amount that was not material. The total expense taken to profit or loss in 2018 in respect of share-based payments amounted to €1.1 ژ million, and was recorded in personnel costs within recurring

operating profit. A tax effect was recognised for an amount that was not material. PROVISIONS FOR PENSIONS 15.3.2. AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS The impact of provisions for pensions and other post-employment benefits on consolidated equity is set out in note ژ 17. TREASURY SHARES 15.3.3. Treasury shares and the related transaction costs are recorded as a deduction from equity. When they are sold, the consideration received in exchange for the shares net of the transaction costs is recorded in equity.

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2019 annual report