Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Tax loss carry forwards At 31 December 2020, the Group’s tax loss carry forwards amounted to €170.4 million, versus €127.1 millionat 31 December2019.

The increase in tax loss carry forwards mainly concerns entities in Italy, Germany and Benelux. Unrecogniseddeferred tax assets on tax loss carry forwards totalled €25.7 million versus €19.9 millionat 31 December2019.

Basic earning per share 8. Basic earning per share is calculated by dividing profit for the period attributable to owners of the parent by the weighted average number of shares outstanding during the year, excluding treasury shares on a pro rata basis.

carrying deferred rights to the parent company’s share capital, issued either by the parent company itself or by any one of its subsidiaries. Dilution is calculated separately for each instrument, based on the conditions prevailing at the end of the reporting period and excluding non-dilutive

Diluted earning per share is calculated by taking into account all financial instruments

instruments.

Basic earning per share attributable to owners of the parent

in € millions, except for per share data and number of shares Consolidated profit (loss) for the period attributable to owners of the parent Consolidated profit (loss) for the period attributable to owners of the parent, continuing operations Consolidated profit (loss) for the period attributable to owners of the parent, discontinued operations Recurring consolidated profit (loss) attributable to owners of the parent (1) Consolidated profit (loss) for the period per share (in €) Earning per share from continuing operations (in €) Earning per share from discontinued operations (in €) Average number of shares outstanding

2020

2019 restated*

46.8

44.7

46.0

56.1

0,7

(11.4)

68.2

73.2

216,865,774

227,816,144

0.216 0.212 0.003

0.196 0.246

(0.050)

Recurring earning per share attributable to owners of the parent (1) (in €)

0.314

0.321

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. Recurring earning for the year attributable to owners of the parent corresponds to profit for the year attributable (1) to owners of the parent, before the following items:

amortisation of intangible assets from acquisitions, net of tax effects; • other non-recurring operating income and expenses, net of tax effects; • other non-recurring financial income and expenses, net of tax effects; • profit from discontinued operations. •

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2020 annual report