Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Operating assets and liabilities 12. Inventories 12.1.

For the Group, inventories are: assets held for sale in the ordinary course • of business and measured at the lower of cost (weighted average cost) and net realisable value; or

materials or supplies to be used in • the rendering of services, measured at cost and impaired in line with the useful life of the infrastructure to which theyrelate.

31 Dec. 2020

31 Dec. 2019

in € millions

Gross Impairment

Net

Gross Impairment

Net

Equipment in the process of being refinanced

21.7

(2.4)

19.3

21.3

(2.5)

18.8

64.2

(6.8)

57.4 47.9

(6.6)

41.3

Other inventories

IT equipment and telecoms

56.3

(3.3)

52.9

35.0

(3.0)

32.0

8.0

(3.5) (9.2)

4.5

12.9

(3.6) (9.1)

9.3

Spare parts

Total

85.9

76.7

69.2

60.1

Gross value

Reclassifi- cation under assets held for sale

Changes in scope of consoli- dation

Changes in inven- tories

31 Dec. 2019

Other changes

31 Dec. 2020

in € millions

Equipment in the process of being refinanced

21.3

0.4

-

-

-

21.7

47.9

16.6

-

0.2

(0.4)

64.2

Other inventories

IT equipment and telecoms

35.0

(2.1)

-

-

23.4

56.3

12.9

18.6 16.9

- -

0.2 0.2

(23.8) (0.5)

8.0

Spare parts

Total

69.2

85.9

210

2020 annual report