Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Level in the fair value hierarchy

Book value

in € millions

Fair value through profit or loss

Fair value through equity

Balance sheet headings

Notes Amortised cost

Level 1 Level 2 Level 3

628.3

0.8

-

0.8 628.3

-

Gross debt

14.2

Non convertible bonds

206.3

-

-

- 206.3

-

182.2

-

-

-

182.2

-

Convertible bonds

Bank debt, commercial paper and other Liabilities relating to contracts refinanced with recourse Non-current non-interest bearing liabilities Gross liability for purchases of leased assets Lease liabilities

156.0

0.8

-

0.8 156.0

-

83.7

-

-

-

83.7

-

57.5

-

-

-

57.5

-

6.6

3.5

45.0

-

6.6 48.5

12.5

103.7

-

-

-

103.7

-

11.2

775.2

-

-

-

775.2

-

Trade payables

12.3

Other payables (excluding derivative instruments)

215.7

215.7

12.3

Other current (financial) liabilities

5.5

1.3

12.1

5.5 13.4

12.4

Financial liabilities

1,792.5

5.6

57.1

0.8 1,792.5 61.9

Non-current non-interest-bearing liabilities and other current liabilities estimated at fair value through profit or loss (Level 3) correspond to contingent consideration liabilities arising on acquisitions of companies for €4.8 million(see note 2.4). Non-current non-interest-bearing liabilities and other current liabilities estimated at fair value through equity (Level 3) correspond to liabilities under put and call options on

non-controlling interests for €61.9 million (see note 2.4). Contingent consideration liabilities are measured based on the estimated future performance of the entities concerned ( e.g. EBIT multiples, expected future cash flows, etc.). Based on the informationheld by the Group, the fair value of financial liabilities approximates their book value.

218

2020 annual report