Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Cash, gross debt, net debt 14. Cash and cash equivalents 14.1.

These include cash on hand and demand deposits, other highly-liquid investments with maturities of three months or less, and bank overdrafts. Bank overdrafts are included in “Financial liabilities” within current liabilities in the balance sheet.

Changes in fair value are recognised through profit or loss under “Financial income – operating activities”.

Cash as presented in the statement of cash cash equivalents can be broken down as flows includes cash and cash equivalents, follows at end-2020 and end-2019: presented net of bank overdrafts. Cash and

31 Dec. 2020 31 Dec. 2019

in € millions

633.5

588.3

Cash in hand

-

0.1

Demand deposits

633.5

588.2

Sight deposits

15.8 10.6

5.5

Cash equivalents

2.1

Term accounts

5.2

3.4

Marketable securities

649.3

593.8 (18.2) 575.6

Cash and cash equivalents

(0.8)

Bank overdrafts

648.5

Cash and cash equivalents net of bank overdrafts

The cash and cash equivalent balances but €56.2 million at 31 December 2020 versus not wholly owned by the Group totalled partners in companies fully consolidated corresponding to the share of Econocom’s €85.5 million at 31December 2019.

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2020 annual report