Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

NOTE 10 DEPRECIATION AND AMORTIZATION

Year ended 31 December 2019 31 December 2018

In thousands of euros

Depreciation of tangible fixed assets

(9,898)

(7,224)

Amortisation of intangible fixed assets

(22,831)

(16,176)

Amortisation of right-of-use assets

(10,947)

-

(23,400)

TOTAL

(43,676)

from newly acquired companies as from their acquisition dates (see Note 18). The adoption of IFRS 16 led to the recognition of amortisation of right-of-use assets in 2019.

Depreciation of tangible fixed assets primarily increased due to newly acquired subsidiaries in 2019. Amortisation of intangible fixed assets included €14.5 million (2018: €7.3 million) of software and customer relations amortisation

NOTE 11 OTHER OPERATIONAL EXPENSES

Year ended 31 December 2019 31 December 2018

In thousands of euros

Systems and communications

(26,385)

(26,208)

Professional services

(37,070)

(47,011)

Clearing expenses

(29,402)

(29,846)

Accommodation

(5,467)

(10,430)

(28,219)

(28,800)

Other expenses (a)

TOTAL

(126,543)

(142,295)

(a) Other expenses include marketing, taxes, insurance, travel, professional membership fees, corporate management and other expenses.

Professional services expenses decreased following Optiq® go-live for Cash markets in 2018. The decrease in accommodation expenses is related to the adoption of IFRS 16 in 2019.

NOTE 12 EXCEPTIONAL ITEMS

Year ended 31 December 2019 31 December 2018

In thousands of euros

Restructuring costs

(5,671)

(8,126)

Acquisition costs

(11,730)

(2,088)

DB contract termination

-

(4,752)

Settlement Algomi investment and related items

(1,341)

(3,226)

Termination of contracts

(2,245)

(2,000)

Litigation provisions/settlements

-

(520)

Onerous contract costs

(857)

(893)

Other

(27)

131

(21,474)

TOTAL

(21,871)

208

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2019 UNIVERSAL REGISTRATION DOCUMENT