Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

2019

2018

Effective tax rate

10% 25%

10% 25%

Applicable tax rate

NOTE 46 INVESTMENTS IN CONSOLIDATED SUBSIDIARIES, ASSOCIATES, JOINT VENTURES AND NON-CURRENT RELATED PARTY LOANS

Investments in consolidated subsidiaries

Investments in associates and joint ventures

Related party loans

Total

In thousands of euros

Net book amount as at 31 December 2017

1,251,109

73,860

91,715

1,416,684

Change in accounting policy

(50,297)

-

-

(50,297)

Investments

199,566

-

26,963

226,529

Capital contributions/(settlements)

(4,769)

853

-

(3,915)

Impairments in subsidairies

(1,007)

-

-

(1,007)

Exchange differences

5,872

99

-

5,971

Share-based payments, subsidiaries

3,979

-

-

3,979

Acturial gains/losses IAS 19

1,610

-

-

1,610

Revaluation financial assets at FVOCI

13,981

-

-

13,981

Share in result of participations

217,482

2,757

-

220,239

Dividend received

(428,752)

(4,884)

-

(433,636)

Other

(5,878)

-

-

(5,878)

Total movements in book value

(48,213)

(1,175) 72,685

26,963

(22,425)

1,202,896

118,678

1,394,258

NET BOOK AMOUNT AS AT 31 DECEMBER 2018

Investments

363,155

5,194

386,058

754,407

(324)

1,231

-

907

Capital contributions/(settlements)

Exchange differences

(6,157)

(2)

-

(6,158)

Share-based payments, subsidiaries

6,921

-

-

6,921

Acturial gains/losses IAS 19

(1,632)

-

-

(1,632)

Revaluation financial assets at FVOCI

2,595

-

-

2,595

Share in result of participations

233,589

1,844

-

235,433

Dividend received

(196,971)

(5,097)

-

(202,068)

Reclassification

-

(8,760)

-

(8,760)

8

Other

(1,765)

(70)

-

(1,835)

Total movements in book value

399,411

(5,660) 67,025

386,058 504,736

779,810

1,602,307

2,174,068

NET BOOK AMOUNT AS AT 31 DECEMBER 2019

Investments in Consolidated Subsidiaries In 2019, Euronext N.V. acquired and/or increased the interests/ investments in Euronext US Inc., Euronext Nordics Holding AS, and Finance Web Working SAS for a total of €363.2 million. In 2018, Euronext N.V. acquired and/or increased the interests/ investments in the Irish Stock Exchange plc., Euronext UK Holdings Ltd. and Euronext US Inc. (representing the additional interest in FastMatch Inc.) for a total of €199.6million. For additional information on these acquired and/or increased interests/investments please refer to Notes 4 and 5 of the Consolidated Financial Statements.

Investments in Associates and Joint Ventures In 2019, Euronext N.V. acquired and/or increased the interests/ investments in Tokeny Solutions and LiquidShare SAS for a total of €5.2million. The Company impaired its investment in EuroCCP N.V. for the amount of €6.0 million. The residual investment in EuroCCP N.V. was reclassified as asset held for salewith the amount of €8.8million. In 2018, Euronext N.V. impaired its investment in joint venture Algonext Ltd. (see Notes 2 and 7 of the Consolidated Financial Statements). For additional information on the interest in associates and joint ventures, see Notes 4 and 7 of the Consolidated Financial Statements.

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2019 UNIVERSAL REGISTRATION DOCUMENT