Euronext - 2019 Universal Registration Document
Financial Statements
Consolidated Statement of Changes in Equity
2019 4,799
2018
(In thousands of euros)
Aggregate carrying amount of individually immaterial associates
-
Aggregate amounts of the Group’s share of: Profit/(loss) from continuing operations
(201)
(137)
Post-tax profit or loss from discontinued operations
-
-
Other comprehensive income
-
-
(137)
TOTAL COMPREHENSIVE INCOME
(201)
Individually Immaterial Joint Ventures The acquisition of Oslo Børs VPS (see Note 5) included an interest of 50% in joint venture FinansNett Norge AS, a company offering data communications through a metropolitan area network (MAN) in Oslo. This network provides communication services for use by backup and disaster recovery solutions as used by brokers and other participants in the financial sector. In addition, the Group (sharing joint control with the other founders) has an interest of 16.23% in LiquidShare SAS, a fintech joint venture with the objective to improve SME’s access to capital markets and
improving the transparency and security of post-trading operations using blockchain technology. The Group also has an interest of 50% in Algonext Ltd. that was incorporated after the Group entered into a 10 year partnership with fixed income technology provider Algomi Ltd., to create a long- term joint venture. In 2018, the Group recognised an impairment of €0.5 million in its interest in Algonext Ltd. bringing the value down to zero. There were no changes to this value as per 31 December 2019. Algonext Ltd. is in the process of being struck off as a company.
2019 2,270
2018
(In thousands of euros)
Aggregate carrying amount of individually immaterial joint ventures
920
Aggregate amounts of the Group’s share of: Profit/(loss) from continuing operations
(3)
(1,373)
Post-tax profit or loss from discontinued operations
-
-
Other comprehensive income
-
-
(1,373)
TOTAL COMPREHENSIVE INCOME
(3)
8
205
2019 UNIVERSAL REGISTRATION DOCUMENT
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