Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

NOTE 8

REVENUE FROM CONTRACTS WITH CUSTOMERS

8.1 Disaggregated revenue information Substantially all of the Group’s revenues are considered to be revenues from contracts with customers. At 31 December 2019 and 2018, there were no customers that individually exceeded 10% of the Group’s revenue. Set out below is the disaggregation of the Group’s revenue from contracts with customers:

Timing of revenue recognition

Timing of revenue recognition

Product or service transferred

Product or service transferred

Year ended 31 December 2019

Year ended 31 December 2018

at a point in time

at a point in time

Major revenue stream In thousands of euros

over time

over time

Listing

128,951

7,587

121,364

106,490

4,704

101,786

Trading revenue

272,810

272,810

-

276,572

276,572

-

of which

Cash trading

205,565

205,565

-

210,947

210,947

-

Derivatives trading

44,324

44,324

-

43,910

43,910

-

FX trading

22,921

22,921

-

21,715

21,715

-

Investor services

5,735

244

5,491

-

-

-

Advanced data services

128,756

1,210

127,546

118,298

1,003

117,295

Post-trade

104,831

70,791

34,040

77,381

57,672

19,709

of which

Clearing

55,237

55,237

-

55,331

55,331

-

Custody & Settlement and other

49,594

15,554

34,040

22,050

2,341

19,709

Euronext Technology Solutions & other revenue

37,805

1,885

35,920

36,063

813

35,250

Other income

220

220

-

229

229

-

TOTAL REVENUE FROM CONTRACTS WITH CUSTOMERS

354,747

324,361

615,033

340,993

274,040

679,108

Set out below is the geographical information of the Group’s revenue from contracts with customers:

United Kingdom Belgium Portugal Ireland

United States Norway Sweden

Hong Kong

France Netherlands

Total

In thousands of euros

2019 Revenue from contracts with customers (a) 2018 Revenue from contracts with customers (a)

331,248

160,072

5,299 30,966 33,236 35,668 23,202 57,075 2,293

49 679,108

328,255

170,990

286 32,874 35,021 24,517 21,835

-

1,202

53 615,033

(a) Advanced data services revenues are attributed to the country where the exchange is domiciled. Revenues from other categories are attributed to the billing entity.

8.2 Contract balances The Group has recognised the following assets and liabilities related to contracts with customers:

31 December 2019 31 December 2018

1 January 2018

In thousands of euros

Trade receivables (Note 21)

93,856

70,815

61,156

Contract receivables (Note 21)

19,878

21,996

15,814

Contract liabilities (Note 33)

108,620

96,948

76,342

206

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2019 UNIVERSAL REGISTRATION DOCUMENT