Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

The impact of respectively the hedging instrument and the hedged item on the balance sheet as at 31 December 2019 was as follows:

Fair value of derivative financial instruments Assets Liabilities

Notional amount

In thousands of euros

Foreign exchange contract

31,919

-

141

Change in fair value used for measuring ineffectiveness for the period

Foreign currency translation reserve

Fair value

In thousands of euros

Net investment in foreign subsidiaries

32,060

141

141

The impact of respectively the hedging instrument and the hedged item on the balance sheet as at 31 December 2018 was as follows:

Fair value of derivative financial instruments Assets Liabilities

Notional amount

In thousands of euros

Foreign exchange contract

29,658

-

85

Change in fair value used for measuring ineffectiveness for the period

Foreign currency translation reserve

Fair value

In thousands of euros

Net investment in foreign subsidiaries

30,213

87

87

The hedging gain/(loss) recognised in Other Comprehensive Income before tax is equal to the change in fair value used for measuring effectiveness. The tax effect on the change in fair value of the derivative instrument was insignificant as per 31 December 2019 and 2018.

Impact of hedging on equity Set out below is the reconciliation of each component of equity and the analysis of Other Comprehensive Income:

Foreign currency translation reserve

In thousands of euros

As at 1 January 2018

(2,549)

Changes in fair value of the hedging instrument

(85)

Foreign exchange forward point excluded from the hedge

(14)

Foreign currency revaluation of the net foreign operations

5,999

As at 31 December 2018

3,351

Changes in fair value of the hedging instrument

(1,824)

8

(418)

Foreign exchange forward point excluded from the hedge

Foreign currency revaluation of the net foreign operations

(139)

AS AT 31 DECEMBER 2019

970

219

2019 UNIVERSAL REGISTRATION DOCUMENT