Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

COST OF NET DEBT 18.1.2. The reconciliation of financial expense booked in the income statement with financial expense relating to the cost of debt as presented in the statement of cash flows can be presented as follows:

2020 consolidated income statement

Discounting and change in fair value

Currency impact and other

Cost of net debt in 2020

in € millions

Net financial expense – operating activities Other financial income and expenses

2.2

(2.7)

1.1

0.6

(16.2)

-

0.5

(15.8)

Total

(14.0)

(2.7)

1.6

(15.2)

CHANGE IN WORKING CAPITAL REQUIREMENT 18.1.3. Changes in working capital requirement can be analysed as follows:

Change in working capital require- ment in 2020

Reclassif. of assets/ Liabilities held for sale

31 Dec. 2019

Other changes (1)

31 Dec. 2020

Notes

in € millions

Other long-term receivables, gross

13.6

7.5

-

3.4

24.5

10.4

69.2

16.9

0.2

(0.4)

85.9

Inventories, gross

12.1

Trade receivables, gross Other receivables, gross Residual interest in leased assets (2)

1,064.3

(132.4)

10.9

(58.7)

884.0

12.2

103.4

(23.3)

(0.4)

7.0

86.6

12.2

165.0

-

10.3

175.2

11.1

18.1

-

(0.1)

(5.4)

12.6

Current tax assets

58.4

(12.2)

0.4

1.1

47.7

Other current assets 12.2

Trade receivables and other operating assets Other non-current liabilities

1,492.0 (143.5)

11.0 (42.8)

1,316.7

(42.4)

8.6

-

(21.3)

(55.1)

12.5

(756.9) (223.7)

(20.3)

(7.3) (0.3) (0.3)

9.3 (775.2) 0.6 (216.8)

Trade payables

12.3

6.6

Other payables

12.3

(18.0)

1.3

3.8

(13.2)

Current tax liabilities

Other current liabilities

(238.4)

7.4

(1.2)

28.4 (203.8)

12.4

Gross commitments on residual financial assets (3)

(101.5)

0.4

-

(2.6)

(103.7)

11.2

242

2020 annual report