Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Notes to the consolidated 18. statement of cash flows Definition of cash flows

Cash as presented in the statement of cash flows includes cash and cash equivalents, presented net of bank overdrafts. Year-on-year changes in cash and cash equivalents can be broken down as follows in 2019 and 2018:

Cash flows are presented in the statement of cash flows, which analyses changes in cash flows from all activities, including continuing and discontinued operations as well as activities held for sale.

2019

2018

in € ڳ millions

ژ 604.8

232.9

Net cash and cash equivalents at 1 ژ January

ژ (29.3)

372.0

Change in net cash and cash equivalents

ژ 575.6

604.8

Net cash and cash equivalents at 31 ژ December

18.1. Comments on the consolidated statement of cash flows from (used in) operating activities

contracts) for -€7.7 million in 2019 (€39.0 million in 2018); • requirement (down €7.6 million in 2019 compared with a drop of 80.2 million in 2018); this decline reflects the constant attention paid to the reduction of the cash requirements of each entity; income tax paid before tax credits of • €29.6 million. other drops in working capital

Net cash used in operating activities totalled €125.8 ژ million in 2019 compared to €119.9 ژ million in 2018, reflecting: cash flow from operating activities • totalling €140.1 million in 2019 versus €105.7 million in 2018; the financing of innovative digital or • non-IT contracts in the Technology Management & Financing business (through the funding entity in Ireland and more generally through self-funded

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2019 annual report