Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Net debt 2020

Non-cash flows

Changes in scope of consoli- dation

31 Dec. 2019

Cash flows

31 Dec. 2020

Amortised costof the loan

in € millions

Conversion Other

Cash and cash equivalents*

593.8 31.3

-

25.6

(2.4)

0.9 649.3

(18.2)

18.1

-

-

- (0.7)

(0.8)

Bank overdrafts**

Cash and cash equivalents net of bank overdrafts (1) Commercial paper and bank debt

575.6 49.5

-

25.6

(2.4)

0.2 648.5

(292.0)

130.3

-

3.4

-

2.4 (155.9)

283.6 179.8

-

29.0

(2.4)

2.7 492.7

Net cash at bank

Convertible bond (OCEANE)

(189.2)

11.6 (4.7)

-

-

- (182.2)

Bond debt (Euro PP)

(102.3)

48.1

(2.1)

-

-

-

(56.3)

Bond debt ( Schuldschein )

(149.9)

2.8 (2.9)

-

-

- (150.0)

Leases refinanced with recourse Factoring liabilities with recourse Other non-current liabilities

(90.3)

14.0

-

-

0.1

-

(76.2)

(4.0)

(3.5)

-

-

-

-

(7.5)

-

(0.1)

-

-

-

-

(0.1)

Sub-total

(535.8)

72.9 (9.7)

-

0.1

- (472.5)

(Net debt)/Cash surplus

(252.2)

252.6 (9.7)

29.0

(2.2)

2.7 20.2

Positive gross cash and cash equivalents. * Including current bank overdraftstotalling€0.8 millionat 31 December 2020and €18.2 million at31 December 2019. ** The €72.9 million change in net cash and cash equivalents as shown in the statement of cash flows is equal (1) to the sum of monetary outflows (€49.5 million), cash acquired (€28.6 million) less translation adjustments (-€2.4 million) and translation losses (€2.8 million).

This cash surplus corresponds to the amount after financing of TMF self-funded contracts in the amount of €185.9 million.

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2020 annual report