Econocom - 2020 annual report
06 consolidated financial statements
notes to the consolidated financial statements
Assets and liabilities held for sale The assets and liabilities of these activities are presented on separate lines of the statement of financial position. At 31 December 2020, the application of IFRS 5 impacted the consolidated statement of financial position as follows:
31 Dec. 2020
31 Dec. 2019
in € millions
Non-current assets
33.1
124.6
Current assets
34.6
73.1
Cash and cash equivalents
6.6
3.4
Assets held for sale Non-current liabilities
74.3
201.1
5.6
9.0
Current liabilities
23.8 29.5
74.3 83.3
Liabilities held for sale
ADJUSTMENTS 2.2.6. TO ACQUISITIONS MADE IN THE PREVIOUS FINANCIAL YEAR No material adjustments were made to acquisitions made in the previous financial year.
Cineolia On 28 July 2020, the Group sold its subsidiary. The transaction generated a capital gain for the Group, that impacted the “Profit (loss) from discontinued operations” line on the income statement. Econocom Digital Security On 30 September 2020, the Group sold its shares in Econocom Digital Security to Atos group. The capital gain is recognised in the income statement under “Other non- recurring operating income and expenses”.
DISPOSALS FOR 2.2.7. THE FINANCIAL YEAR Econocom Business Continuity
On 30 June 2020, the Group sold all the shares in Econocom Business Continuity to the investment company Chequers Capital, resulting in a capital gain, that impacted the “Profit (loss) from discontinued operations” line on the income statement.
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2020 annual report
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