Econocom - 2019 Universal registration document

239 2019 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: in € ڳ millions 2019 consolidated income statement Discounting and change in fair value Currency impact and other Cost of net debt in 2019 Net financial expense – operating activities ژ 4.7 (1.5) ژ (1.0) ژ 2.2 Other financial income and expenses ژ (19.2) ژ 0.6 ژ 1.2 ژ (17.3) Total (14.5) (0.8) 0.2 (15.2) CHANGE IN WORKING CAPITAL REQUIREMENT 18.1.3. Changes in working capital can be analysed as follows: in € ڳ millions Notes 31 ژ Dec. 2018 Change in working capital in 2019 Reclassif. of assets /Liabilities held for sale Other changes (1) 31 ژ Dec. 2019 Other long-term receivables, gross 10.4 15.2 ژ 1.9 (2.6) ژ (0.9) ژ 13.6 Inventories, gross 12.1 72.0 ژ 13.5 (14.5) ژ (1.9) ژ 69.2 Trade receivables, gross 12.2 1,240.9 ژ (114.4) (60.9) ژ (1.3) ژ 1,064.3 Other receivables, gross 12.2 91.2 ژ 28.6 (8.4) ژ (8.0) ژ 103.4 Residual interest in leased assets (2) 11.1 163.8 ژ - - ژ 1.1 ژ 165.0 Current tax assets ژ 10.2 ژ - (0.1) ژ 8.0 ژ 18.1 Other current assets 12.2 66.2 ژ 1.5 (5.4) (4.0) 58.4 Trade receivables and other operating assets ژ 1,659.5 (68.9) (91.8) (6.9) 1 492.0 Other non-current liabilities 12.5 (69.9) (1.0) - 28.5 (42.4) Trade payables 12.3 (854.0) 71.9 23.0 2.2 (756.9) Other payables 12.3 (250.3) (6.1) 20.7 12.0 (223.7) Current tax liabilities ژ (14.9) (0.5) 1.0 (3.6) (18.0) Other current liabilities 12.4 (275.2) (14.6) 13.2 38.2 (238.4) Gross commitments on residual financial assets (3) 11.2 (98.1) (0.7) - (2.7) (101.5)