Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

COST OF NET DEBT 18.1.2. The reconciliation of financial expense booked in the income statement with financial expense relating to the cost of debt as presented in the statement of cash flows can be presented as follows:

2019 consolidated income statement

Discounting and change in fair value

Currency impact and other

Cost of net debt in 2019

in € ڳ millions

Net financial expense – operating activities Other financial income and expenses

ژ 4.7

(1.5)

ژ (1.0)

ژ 2.2

ژ (19.2)

ژ 0.6

ژ 1.2

ژ (17.3)

Total

(14.5)

(0.8)

0.2

(15.2)

CHANGE IN WORKING CAPITAL REQUIREMENT 18.1.3. Changes in working capital can be analysed as follows:

Reclassif. of assets /Liabilities held for sale

Change in working capital in 2019

Other changes (1)

31 ژ Dec. 2018

31 ژ Dec. 2019

Notes

in € ڳ millions

Other long-term receivables, gross

15.2

ژ 1.9

(2.6)

ژ (0.9)

ژ 13.6

10.4

72.0

ژ 13.5

(14.5)

ژ (1.9) ژ (1.3) ژ (8.0)

ژ 69.2

Inventories, gross

12.1

1,240.9

ژ (114.4)

(60.9)

ژ 1,064.3

Trade receivables, gross

12.2

91.2

ژ 28.6

(8.4)

ژ 103.4

Other receivables, gross

12.2

Residual interest in leased assets (2)

163.8

ژ -

-

ژ 1.1

ژ 165.0

11.1

10.2 66.2

ژ -

(0.1) (5.4)

ژ 8.0

ژ 18.1

Current tax assets

ژ

ژ 1.5

(4.0)

58.4

Other current assets

12.2

Trade receivables and other operating assets

1,659.5 (68.9)

(91.8)

(6.9) 1 492.0

ژ

(69.9)

(1.0) 71.9 (6.1) (0.5) (14.6)

-

28.5 (42.4) 2.2 (756.9) 12.0 (223.7)

Other non-current liabilities

12.5

(854.0) (250.3)

23.0 20.7

Trade payables

12.3

Other payables

12.3

(14.9)

1.0

(3.6)

(18.0)

Current tax liabilities

ژ

(275.2)

13.2

38.2 (238.4)

Other current liabilities

12.4

Gross commitments on residual financial assets (3)

(98.1)

(0.7)

-

(2.7)

(101.5)

11.2

239

2019 annual report