Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Other recurring operating income and expenses 4.7. Other recurring operating income and expenses break down as follows:

2020 2019 restated*

in € millions

15.8

7.9

Cross-charging and indemnities received

Capital losses on sales of property, plant and equipment and intangible assets – recurring operating activities

0.1

(0.9)

(6.6)

(2.5)

Cross-charging and indemnities paid

Total 4.5 In accordance with IFRS 5 (see 2.2.5), 2019 income and expenses of operations considered discontinued in 2020 * are reclassified to “Profit (loss) from discontinued operations” in the 2019 income statement. 9.3

Net finance income (expense) from operations 4.8. The following table breaks down financial income and expenses relating to operating activities by type of income/expenses:

2020 2019 restated*

in € millions

Financial income related to Technology Management & Financing operations

23.7

22.6

1.1

1.7

Miscellaneous financial income from operating activities

Total financial income – operating activities

24.9

24.3

Financial expenses related to Technology Management & Financing operations

(19.1)

(17.9)

(1.7)

(1.4)

Miscellaneous financial expenses from operating activities

(1.9)

(0.1)

Exchange losses

Total financial expenses – operating activities

(22.7)

(19.4)

Total

2.2

4.8

In accordance with IFRS 5 (see 2.2.5), 2019 income and expenses of operations considered discontinued in 2020 * are reclassified to “Profit (loss) from discontinued operations” in the 2019 income statement.

Financial income and expenses relating to Technology Management & Financing operations reflect the unwinding of the discount during the year on the gross liability for purchases of leased assets, the Group’sresidual interest in leased assets and lease payments outstanding. Net exchange losses result mainlyfrom fluctuations in thepound sterling and US dollar.

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2020 annual report