Econocom - 2020 annual report
06 consolidated financial statements
notes to the consolidated financial statements
is a subsidiary acquired exclusively with • a view to resale. Profit from discontinued operations includes: the post-tax profit or loss of discontinued • operations generated up until the disposal date, or until the end of the reporting period if the business was not disposed of by the year-end; the post-tax gain or loss recognised on • the disposal of continued operations that have been disposed of by the year-end. interest is therefore stood at 80% as of 31 December 2020. Altabox In the second half of the year, the Group acquired an additional 5% stake following the exercise of a put option; increasing the stake from 75.03% to 80.01%. Asystel Italia In the second half of 2020, the Group exercised its purchase option regarding certain non-controlling interests; increasing its stake from 51% to 70%. Bizmatica group The Group has exercised its call option vis-à-vis the minority shareholders; the percentage of interest has increased from 70% to 100%. Energy Net At the end of the year, the Group acquired the remaining 20% of the shares by exercising its purchase options, increasing its stake to 100% as of 31 December 2020.
Profit from discontinued operations A discontinued operation is a component which the Group has either disposed of or has classified as held for sale, and which: represents a separate major line of • business or geographical area of operations; is part of a single, coordinated plan to • dispose of a separatemajor line of business or geographical area of operations; or 2.2. Changes in the scope of consolidation Econocom group’s scope of consolidation is presented in note 2.3 “Main consolidated companies”. ACQUISITIONS DURING 2.2.1. THE YEAR During the second half of 2020, Econocom group signed with the Bourbon group the takeover of Les Abeilles, a French specialist in towing and rescue on the high seas. CHANGES IN OWNERSHIP 2.2.2. INTEREST Exaprobe and its subsidiaries In the first half of 2020, the Group exercised a purchase option regarding a non- controlling interest, increasing its stake from 90% to 95%. During the second half of the year, the Group exercised another purchase option, increasing its stake to 100%. In the last quarter of 2020, the Group then sold 20% of its shares; the percentage of
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2020 annual report
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