Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

SUMMARISED BALANCE SHEET

EuroCCP

LCH SA

31 Dec 2019

31 Dec 2018

31 Dec 2019

31 Dec 2018

(In thousands of euros)

Non-current assets

-

1,391

117,488

100,044

Current assets

-

613,848

474,207,180

363,622,700

Non-current liabilities

-

-

17,200

6,600

Current liabilities

-

570,584

473,929,300

363,361,000

Net assets

-

44,655

378,168

355,144

Reconciliation to carrying amounts: Opening net assets 1 January

-

43,381

355,144

360,321

Adjustments

-

-

(4,056)

(5,377)

1,277

73,000

44,100

Profit/(loss) for the year (a)

Other comprehensive income

-

(3)

80

100

Dividends paid

-

-

(46,000)

(44,000)

Closing net assets Group’s share in %

-

44,655

378,168

355,144

20.0%

20.0%

11.1%

11.1%

-

8,931

41,977

39,421

Group’s share in thousands of euros

Goodwill

-

5,433

17,980

17,980

CARRYING AMOUNT 57,401 (a) In 2019, EuroCCP contributed a €5.6 million loss (2018: €0.3 million profit) to the line “Share of net profit/(loss) of associates and joint ventures accounted for using the equity method, and impairments thereof” in the Consolidated Statement of Profit or Loss. The contribution of LCH SA to this line amounted to €7.7 million (2018: €4.3 million). - 14,364 59,957

SUMMARISED STATEMENT OF COMPREHENSIVE INCOME

EuroCCP

LCH SA

2019

2018 21,248

2019

2018

(In thousands of euros)

Revenue

-

160,500

120,800

Profit from continuing operations Profit from discontinued operations

-

1,277

73,000

44,100

-

-

-

-

Profit for the year

-

1,277

73,000

44,100

Other comprehensive income

-

(3)

80

100

TOTAL COMPREHENSIVE INCOME Dividends received from associates

-

1,274

73,080

44,200

-

-

5,097

4,884

7.4

Individually Immaterial Associates and Joint Ventures

Individually Immaterial Associates On 28 June 2019, the Group acquired a 23.5% stake in Tokeny Solutions, a tokenization platform that provides users end-to-end solutions to issue, manage and transfer tokenized securities on public blockchain. The Group has an 34.04% interest in Tredzone S.A.S., a low latency software developer, as part of its innovation strategy. In 2018, the Group recognised an impairment of €1.0 million in its interest in Tredzone S.A.S. bringing the value down to zero. There were no changes to this value as per 31 December 2019.

In addition to the interest in material associates and joint ventures disclosed above, the Group also has interests in individually immaterial associates and individually immaterial joint ventures, that are all accounted for using the equity method.

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2019 UNIVERSAL REGISTRATION DOCUMENT