Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

NOTE 16 PROPERTY, PLANT AND EQUIPMENT

Land & Buildings

Hardware & IT Other Equipment (a)

Total

In thousands of euros

As at 31 December 2017 Cost

14,776

24,702

50,204

89,682

Accumulated depreciation and impairment

(4,673)

(18,109)

(39,118)

(61,900)

Net book amount

10,103 10,103

6,593 6,593

11,086 11,086

27,782 27,782

As at 1 January 2018 net book amount

-

30

8

38

Exchange differences

Additions

3,539

6,364

1,055

10,958

Disposals & other

-

23

(338)

(315)

Acquisitions of subsidiaries (Note 5)

6,973

309

363

7,645

Transfers

-

-

-

-

Depreciation charge (Note 10)

(281)

(4,750)

(2,193)

(7,224)

As at 31 December 2018 net book amount

20,334

8,569

9,981

38,884

As at 31 December 2018 Cost

25,779

34,576

50,564

110,919

Accumulated depreciation and impairment

(5,445)

(26,007)

(40,583)

(72,035)

Net book amount

20,334 20,334

8,569 8,569

9,981 9,981

38,884 38,884

As at 1 January 2019 net book amount

(81)

16

(19)

(84)

Exchange differences

Additions

7,674

2,930

4,059

14,663

Disposals & other

(1)

42

(90)

(49)

Acquisitions of subsidiaries (Note 5)

11,250

-

4,123

15,373

Depreciation charge (Note 10)

(680)

(4,745)

(4,473)

(9,898)

As at 31 December 2019 net book amount

38,496

6,812

13,582

58,890

As at 31 December 2019 Cost

48,455

37,632

74,649

160,736

(9,959)

(30,820)

(61,067)

(101,846)

Accumulated depreciation and impairment

Net book amount

38,496

6,812

13,582

58,890

(a) Other Equipment includes building fixtures and fitting and lease improvements

The increase in Property Plant and Equipment was primarily related to the acquired stock exchange building included in the acquisition of Oslo Børs VPS.

8

NOTE 17 LEASES

Furthermore, the Group has very limited leases that contain variable lease payments and has no leases that are exposed to residual value guarantees. Payments associated with short-term leases (containing a lease term of 12 months or less) and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss.

The Group leases offices in the various locations from which the Group operates its business, IT-hardware equipment such as data servers, racks and mainframes and leases of other equipment for use by its staff in offices. Lease of offices generally have an average lease term of 4 years, while hardware IT equipment generally have an average lease term of 3 years. Rental contracts are typically made for fixed periods, but may occasionally have extension options.

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2019 UNIVERSAL REGISTRATION DOCUMENT