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