Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Commercial paper In October 2015, Econocom diversified its financing and set up a commercial paper programme ( Econocom group Société

support its growth. This programme complements the Group’s bank financing and gives it access to short-term liquidity

Européenne Billets de Trésorerie ). Through under

favourable

and

transparent

this programme, capped at €200 million,

conditions, since it borrows from the

the Group optimises and diversifies in the negotiable debtsecurities market. short term the financial resources to Analysis of non-current interest-bearing liabilities by maturity

Beyond 5 years

Total 1 to 5 years

2020 in € millions

Lease payables relating to contracts refinanced with recourse (non-current portion)

50.3

50.3

-

248.7

248.7

-

Bonds loans

25.6

25.6

-

Other debt

Total

324.6

324.6

Beyond 5 years

Total 1 to 5 years

2019 in € millions

Lease payables relating to contracts refinanced with recourse (non-current portion)

58.8

58.8

-

390.0

390.0

- - -

Bonds loans

2.8

2.8

Other debt

Total

451.5

451.5

Net financial debt 14.3. The concept of net debt as used by the Group represents gross debt (see note 14.2) less gross cash (see note 14.1 – cash and cash equivalents). Gross debt includes all interest-bearing debt and debt incurred through the receipt of financial instruments.

It does not include: the gross purchasecommitmentsof leased • assets (liability) and residual interests in leasedassets; the derivative instrument hedging • Schuldschein notes; and lease liabilities. •

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2020 annual report