Econocom - 2019 Universal registration document

06 consolidated financial statements

notes to the consolidated financial statements

Related-party 22.2. transactions

transactions carried out with the Chairman of the Board of Directors, its Vice-Chairman, the Managing directors and the Executive Directors, or with companies controlled by the Group or over which it exercises significant influence. These transactions exclude the components of compensation presented above.

Transactions between the parent company and its subsidiaries, which are related parties, are eliminated on consolidation and are not presented in this note. The related-party transactions outlined below primarily concern the main

Transactions between related parties are carried out on an arm’s length basis.

Income Payables 2019 2018 2019 2018 2019 2018 2019 2018 Expenses Receivables

in € ڳ millions

Econocom International BV (EIBV)

ژ 0.3 0.6

ژ (2.4)

(2.7)

- ژ

-

ژ 0.1

0.1

ژ 0.6

- - - - - - - -

ژ (2.5) ژ (1.3)

(2.4) (1.0)

ژ 2.7 2.1 ژ 0.2 0.2 0.3 0.3

ژ - - ژ - ژ - ژ - ژ - ژ - ژ

- - - - - - - -

SCI Dion-Bouton

- ژ - ژ - ژ - ژ - ژ - ژ

SCI Maillot Pergolèse

(1.1)

(1.1)

SCI JMB

(0.2)

-

- ژ - ژ - ژ - ژ

- - - - -

APL

- ژ

(0.8) (0.4)

GMPC

ژ (0.5)

Bay Consulting SPRL

(1.2) (1.0)

(1.3)

Orionisa consulting

-

-

-

0.6

Métis

Total

ژ 0.9 0.6

ژ 10.2 (9.7)

ژ 3.2 2.6

ژ 0.7 0.1

Relations with companies controlled by Jean-Louis Bouchard SCI Dion-Bouton, of which Jean-Louis Bouchard is Managing Partner, owns the building in Puteaux, and it received €2.5 million in rent in 2019 (€2.4 million in 2018). A receivable of €0.6 million was booked following the vacating of the premises on 1 October 2019. In addition, the Econocom Group booked receivables of €2.7 million representing the deposits paid by Econocom France SAS to SCI Dion-Bouton and the repayments expected from it.

Econocom International BV (EIBV) – of which Jean-Louis Bouchard is a Partner – is a non-listed company that directly holds 36.40% of the capital of Econocom Group SE at 31 ژ December 2019. Econocom International BV billed fees of €2.4 million to Econocom Group SE and its subsidiaries in 2019 for managing and coordinating the Group. These fees amounted to €2.7 million in 2018. It was also rebilled an amount of €0.3 million by Econocom Group entities. Debt totalling €0.1 million corresponds to trade payables due from the Spanish entities to SCI EIBV.

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2019 annual report