Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Gross liability commitments for purchases 11.2. of leased assets The Group repurchases leased equipment long-term liabilities which are discounted from refinancing institutions at the end of using the same method as for the related the lease term. These purchase obligations leases. They are classified as financial are classified within “gross commitments liabilities but are not included in net debt on residual financial value” and recognised (see 14.3). in balance sheet. They are generally

31 Dec. 2020 31 Dec. 2019

in € millions

Total gross liability commitments for purchases of leased assets – non-current portion (between 1 and 5 years)

75.9

81.1

Total gross liability commitments for purchases of leased assets – current portion (less than 1 year)

27.8

20.4

Total

103.7

101.5

The present value of items recorded in impact of discounting was €7.3 million in “Gross liability for purchases of leased 2020. The pre-discounted value was assets” (current and non-current portions) €111.0millionat 31 December 2020. stands at €103.7 million. The cumulative

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2020 annual report