Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Change in non-controlling interests 15.4. At 31 December 2020, non-controlling interests amounted to €66.8 million (€73.7 million at 31 December 2019). The table below shows changesin this item:

Non-controlling interests

in € millions

73.7

At 31 December 2019

3.2

Share of comprehensive income attributable to non-controlling interests

-

Impact of put options granted to non-controlling shareholders

Reclassifications between equity attributable to owners of the parent and non-controlling interests following acquisitions of additional shares

-

(10.1) 66.8

Miscellaneous transactions impacting reserves of non-controlling interests

At 31 December 2020

The share of profit recognised in the income statement for non-controlling interests represents +€3.4 million for 2020 (comparedwith +€3.9 million in 2019). Information regarding non-controlling interests 15.5.

At 31 December 2020, non-controlling interests primarily concerned Econocom’s “Satellites” in the Digital Services & Solutions activity: Altabox, Alter Way, Asystel Italia, Exaprobe, Helis and Infeeny. Together these companies accounted for 9.8% of total assets and 21.2% of consolidated equity at 31 December 2020. Taken individually, none of these entities represents a significant percentage of

Econocom

group’s

total

assets

or

consolidated equity.

Currentaccountsgrantedto thesecompanies by Econocom Finance SNC amounted to -€4.0 million at 31December2020. After eliminating items between these companies and other Group companies, these entities contributed €396.3 million to revenue in 2020.

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2020 annual report