Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

2018

2020

Total

2

3

4

5

1

2

3

Tranches

Free shares outstanding at 31 Dec. 2019

197,500 197,500 197,500 197,500

-

-

- 790,000

- -

- - -

- - -

- 300,000 900,000 400,000 1,600,000

Award

- -

- -

- -

-

-

Vesting

(50,000)

- (50,000)

Exercise

Loss or cancellation Free shares outstanding at 31 Dec. 2020

(147,500) (137,500) (137,500) (137,500)

-

-

- (560,000)

- 60,000 60,000 60,000 300,000 900,000 400,000 1,780,000

March 2020

March 2021

March 2022

March 2023

July 2021

July 2022

July 2023

Expiry date

-

Each tranche is contingent on the employee being present in the Group throughout the vesting period, and on a series of conditions relating to performance andshare price. Econocom group 15.3.1.3. share-based payment expense in the income statement The total expense taken to profit or loss in 2020 in respect of share-based payments amounted to €0.8 million, and was recorded in personnel costs within profit (loss) from current operating activities. A tax effect was recognised for an amount that was not material. The total expense taken to profit or loss in 2019 in respect of share-based payments amounted to €0.7 million, and was recorded in personnel costs within profit (loss) from

current operating activities. A tax effect was recognised for an amount that was not material. PROVISIONS FOR PENSIONS 15.3.2. AND OTHER POST-EMPLOYMENT BENEFIT OBLIGATIONS The impact of provisions for pensions and other post-employment benefits on consolidatedequity is set out in note17. TREASURY SHARES 15.3.3. Treasury shares and the related transaction costs are recorded as a deduction from equity.When they are sold, the consideration received in exchange for the shares net of the transactioncosts isrecorded in equity.

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2020 annual report