Econocom - 2020 annual report

06 consolidated financial statements

notes to the consolidated financial statements

Other relations with related parties The Group recognised liabilities in 2015 for commitments to one of the managing Directors to purchase non-controlling interests in AlterWay for €0.4 million. Econocom group committed to invest €3 million in investment fund Educapital I FCPI, which is managed by a management company (Educapital SAS), of which Marie-Christine Levet, an independent Director on the Econocom group Board of Directors, is chairwomanand shareholder. Orionisa Consulting, which is controlled by Jean-Philippe Roesch, invoiced consulting services in the amount of €0.3 million.

Transactions with SCI Maillot Pergolèse, which owns the premises in Clichy and of which Jean-Louis Bouchard is Partner and Robert Bouchard Manager, consist of rent for 2020 amounting to €1.2 million. Receivables in the amount of €0.1 million correspond to guarantees issued by Econocom SAS. SCI JMB, which owns the premises in Villeurbanne and of which Jean-Louis Bouchard is Managing Partner, billed the Group a total amount of €1.2 million for rent in both 2020 and 2019. Econocom SAS paid €0.3 million in guarantees to SCI JMB.

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2020 annual report