Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Basis of preparation 1. The consolidated financial statements of Econocom group (“the Group”) for the year ended 31 December 2020 include: the financial statements of Econocom • group SE;

Guidelines applied 1.1. As required by European Commission RegulationNo. 1606/2002 dated 19 July 2002, Econocom’s consolidated financial statements for the 2020 financial year have been prepared in accordance with the International Financial reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB) and adopted by the EuropeanUnion. The accounting principles applied at 31 December 2020 are the same as those used for the year ended 31 December 2019, except for the new standards and interpretations applicable as of 1 January 2020 (see 1.1.1.). These financial statements do not take into accountany draft standardsor interpretations which, at the end of the reportingdate, were being developed as exposure drafts by the IASB (International Accounting Standards Board) or IFRIC (International Financial reporting Interpretations Committee). All the standards adopted by the European Union are available on the European Commission website at the following address: https://ec.europa.eu/info/ business-economy-euro/ company-reporting-and-auditing/ company-reporting/financial-reporting_en

the financial statements of its subsidiaries; • the share of the net assets and profit (loss) • of associates and joint ventures. Econocom is an independent group that designs, finances and oversees companies’ digital transformation. Econocom group SE, the Group’s parent company, is a European company ( societas Europaea ) with its registered office at Place du Champ de Mars, 5, 1050 Brussels. The Company is registered with the Brussels companies registry under number 0422 646 816 and is listed on Euronext Brussels. The Board of Directors Meeting of 24 March 2021 adopted and authorised the publication of the consolidated financial statements for the year ended 31 December 2020. These financial statements will only be deemed final once they have been approved by the shareholders at the Annual General Meeting on18 May 2021.

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2020 annual report