Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Gross debt 14.2.

31 Dec. 2020 31 Dec. 2019

in € millions

181.2 54.7

188.2 54.7 147.1 390.0

Convertible bond (OCEANE)

Non-convertible bond debt (Euro PP)

12.7

Non-convertible bond debt ( Schuldschein )

248.7

Bonds loans – non-current

25.6 50.3 75.9

2.8

Other debt

58.8 61.6

Finance lease liabilities (1)

Financial liabilities – non-current

324.6

451.5

Non-current interest-bearing liabilities

1.0 1.6

1.0

Convertible bond debt (OCEANE) – current portion

47.6

Non-convertible bond debt (Euro PP) – current portion

Non-convertible bond debt ( Schuldschein bond) – current portion

137.3

2.8

139.9

51.5

Bonds loans – current portion

119.0

289.2

Commercial paper and other bank borrowings

7.5

4.0

Factoring payables (2)

11.4

-

Other current borrowings and debt with recourse

25.9

31.6

Finance lease liabilities (1)

163.8 303.7 628.3

324.8 376.3

Financial liabilities – current portion (3)

Current interest-bearing liabilities

Gross debt total (3) 827.8 Primarily liabilities relating to contracts refinanced with recourse. This debt is backed by customers’ rental (1) payments in which the Group retains a portion of the credit risk. The Group has therefore added back a similar amount of unassigned receivables in accordance with IAS 32 – Financial Instruments: Presentation. Factoring liabilities consist of residual risks arising from factoring agreements. (2) Excluding bank overdrafts. (3)

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2020 annual report