Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Income and expenses recognised in profit or loss 17.3. Items of pension cost

31 Dec. 2020 31 Dec. 2019 restated*

in € millions

(3.6)

(3.9)

Service cost

2.2

1.7

Curtailment/termination

(0.3)

(0.6)

Interest expense

0.2

0.3

Expected return on plan assets

Total costs recognised in profit or loss Total costs recognised in other items of comprehensive income

(1.4)

(2.5)

1.4

(0.9)

In accordance with IFRS 5 (see 2.2.5), 2019 income and expenses of operations considered discontinued in 2020 * are reclassified to “Profit (loss) from discontinued operations” in the 2019 income statement.

Service cost is shown within “Employee benefits expense” in the income statement. Interest expense, corresponding to the cost of discounting the obligation, is included in “Financial expenses”. Curtailments and terminations are mainly included in profit (loss) from discontinued operating activities.

Changes in provisions recorded in the balance 17.4. sheet Changes in the 2020 provision

Changes in scopeof consolidation

Benefits paid directly

Actuarial gainsand losses (1)

31 Dec. 2019

Income statement

31 Dec. 2020

in € millions

30.5

2.7

0.9 0.5

(0.4) (0.6)

0.5 0.8

34.2

France

6.6

-

7.3

Other countries

Provisions for pensions Long-service awards (France)

37.1

2.7

1.4 (1.0)

1.4

41.5

0.3

-

-

-

-

0.2

Total 1.4 41.8 Cumulative revaluation gains and losses carried in other comprehensive income represented a net negative (1) amount of €5.1 million in 2020 and €4.3 million in 2019, i.e. , a change of €0.8 million between the two periods, resulting primarily from the change in actuarial assumptions and from changes inscope of consolidation. 37.4 2.7 1.4 (1.0)

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2020 annual report