Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Related-party 22.2. transactions

transactions carried out with the Chairman of the Board of Directors, its Vice-Chairman, the managing Directors and the executive Directors, or with companies controlled by the Group or over which it exercises significant influence. These transactions exclude the components of compensation presented above.

Transactions between the parent company and its subsidiaries, which are related parties, are eliminated on consolidation and are not presented in this note. The related-party transactions outlined below primarily concern the main

Transactions between related parties are carried out on an arm’s length basis.

Income Payables 2020 2019 2020 2019 2020 2019 2020 2019 Expenses Receivables

in € millions

Econocom International BV (EIBV)

0.4 0.3 (2.0)

(2.4)

0.1

-

-

0.1

1.6 0.6 (2.1)

(2.5)

2.3

2.7

-

-

SCI Dion-Bouton

SCI Maillot Pergolèse

-

-

(1.2)

(1.3)

0.1

0.2

-

-

- -

- -

(1.2) (0.1)

(1.1)

0.3

0.3

-

- -

SCI JMB

(0.2)

-

-

0.1

APL

Bay Consulting SPRL

-

-

-

(0.5)

-

-

-

Orionisa consulting

-

-

(0.3)

(1.2)

-

-

-

-

-

-

(1.2)

(1.0)

-

-

0.7 0.6

Métis

Total

2.0 0.9 (8.5) (10.2)

2.7 3.2 0.8 0.7

Relations with companies controlled by Jean-Louis Bouchard SCI Dion-Bouton, of which Jean-Louis Bouchard is Managing Partner, owns the building in Puteaux, and it received €2.1 million in rent in 2020 (€2.5 million in 2019). A credit note to be received in the amount of €1.6 million was then collected corresponding to the non-occupancy of the premises over the first three quarters of 2020. In addition, the Econocom group booked receivables of €2.3 million representingthe depositspaid by Econocom France SASto SCI Dion-Bouton.

EconocomInternational BV(EIBV) – of which Jean-Louis Bouchard is a Partner – is a non- listed company that directly holds 40.4% of the share capital of Econocom group SE at 31 December 2020. Econocom International BVbilled fees of €2.0 million to Econocom group SE and its subsidiaries in 2020 for managing and coordinating the Group. These fees amounted to €2.4 million in 2019. It was also rebilled an amount of €0.4 million byEconocom group entities.

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2020 annual report