Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

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

Trade and other operating payables Total change in working capital requirements

(1,381.0)

4.0

(9.1)

18.1 (1,367.9)

-

(139.5)

Mainly corresponding to changes in the scope of consolidation, in fair value and translation adjustments. (1) Changes in the residual interest in leased assets are shown in cash flows from operating activities. (2) Corresponding to changes in residual financial assets excluding the currency effect and discounting in the period. (3)

Breakdown of net cash from (used in) in investing 18.2. activities Net cash from investing activities totalled €125.5 million, primarily reflecting: contingent consideration and deferred debt;

net cash inflows of +€140.4 million mainly • related to the disposals of “Econocom Business Continuity” and “Econocom Digital Security”, the acquisition of the cash of “Les Abeilles”, less the payment of

cash outflows of -€14.9 million resulting • from investments in property, plant and equipment and intangible assets relating to the Group’s IT infrastructure and applications (see note 10).

Breakdown of net cash from (used in) in financing 18.3. activities Net cash from financing activities amounted to -€287.1 million, mainly reflecting: cash outflows of €25.6 million relating to • net treasury share buybacks; the repayment of commercial paper in • the amount of €159.5 million; lease payments in the amount of • €24.8 million related to leases where Econocom is the lessee (buildings and vehicles) and presented here in accordance with IFRS 16;

cash outflows of €27.5 million relating to • compensation of shareholders during the year (dividend payments); the decrease in lease refinancing liabilities • of €14.0 million; outflows of €12,5 million in repayments of • financial debts;

disbursements in the amount of • €9.7 million related to the buybacks of part of the OCEANE bonds (see note14); interest payments totalling €15.2 million • in the year (including coupon payments on loans bonds).

243

2020 annual report