Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

As at 31 December 2019 and 2018 the interest rate exposure of the Company was as follows:

Currency

Position in Euros

Positions in Pound Sterling

Positions in Dollar

Positions in Kroner

Floating rate with maturity < 1 year

Floating rate with maturity > 1 year

Floating rate with maturity < 1 year

Floating rate with maturity > 1 year

Floating rate with maturity < 1 year

Floating rate with maturity > 1 year

Floating rate with maturity < 1 year

Floating rate with maturity > 1 year

Type of rate and maturity In thousands of euros

2019 Interest bearing financial assets (a) Interest bearing financial liabilities

201,403

-

25,622

-

9,343

-

64,099

-

62

-

-

-

-

-

-

-

Net position before hedging

201,341

-

25,622

-

9,343

-

64,099

-

Net position after hedging

201,311

(500,000)

25,622

-

9,343

-

64,099

-

2018 Interest bearing financial assets (a) Interest bearing financial liabilities

238,777

6,000

13,043

-

12,793

-

-

-

(126)

-

-

-

-

-

-

-

Net position before hedging

238,650

6,000

13,043

-

12,793

-

-

-

Net position after hedging

238,650

(494,000)

13,043

-

12,793

-

-

-

Currency

Position in Euros

Positions in Pound Sterling

Positions in Dollar

Positions in Kroner

Fixed rate with maturity < 1 year

Fixed rate with maturity > 1 year

Fixed rate with maturity < 1 year

Fixed rate with maturity > 1 year

Fixed rate with maturity < 1 year

Fixed rate with maturity > 1 year

Fixed rate with maturity < 1 year

Fixed rate with maturity > 1 year

Type of rate and maturity In thousands of euros

2019 Interest bearing financial assets (a) Interest bearing financial liabilities

45,815

-

5,909

-

14,909

-

19,098

-

7,000

1,011,527

-

-

-

-

-

-

Net position before hedging

38,815 (1,011,527)

5,909

-

14,909

-

19,098

-

Net position after hedging

61,531

(511,527)

5,909

-

14,909

-

19,098

-

2018 Interest bearing financial assets (a) Interest bearing financial liabilities

135,888

-

5,568

-

13,471

-

-

-

(3,704)

(504,940)

-

-

-

-

-

-

8

Net position before hedging

132,184

(504,940)

5,568

-

13,471

-

-

-

Net position after hedging

132,184

(4,940)

5,568

-

13,471

-

-

-

(a) Includes cash and cash equivalents and non-current financial assets at amortised cost.

The Group was a net lender in US Dollar at 31 December 2019 and 2018. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on net interest income based on the positions at 31 December 2019 and 2018. The Group was a net lender in Norwegian Kroner at 31 December 2019. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would have resulted in an increase/decrease of net interest income of €0.3 million based on the positions at 31 December 2019.

The Group is exposed to cash-flow risk arising from net floating-rate positions. The Group was a net borrower in Euros at 31 December 2019 and 2018. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would have resulted in an increase/decrease of net interest income of €1.5 million based on the positions at 31 December 2019 (2018: €1.3 million). The Group was a net lender in Pound Sterling at 31 December 2019 and 2018. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on the net interest income based on the positions at 31 December 2019 and 2018.

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2019 UNIVERSAL REGISTRATION DOCUMENT