Euronext - 2019 Universal Registration Document

Financial Statements

Consolidated Statement of Changes in Equity

NOTE 53 SHAREHOLDERS’ EQUITY

The movements in shareholder’s equity were as follows:

Legal reserves and other

Non- distributable

profits and other gains regarding subsidiaries

Reserve for translation differences

Issued capital

Share premium

Reserve for own shares

Retained earnings

Profit for the year

Revaluation reserve

Total

In thousands of euros

As at 31 December 2017 Change in accounting policy subsidiaries Share based payments Appropriation of the result of preceding year Net result for the period Transfers within equity Exchange rate differences Revaluation subsidiaries

112,000 107,562

(17,269)

249,931 241,297

1,139

24,744

(4,135) 715,269

- -

- -

- -

(50,297)

- -

- -

- -

- (50,297)

3,979

-

3,979

- - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - -

- - - - - - -

120,856 (241,297)

- -

- - - - - - - -

- (120,441) - 215,968

-

215,968

(8,402)

- - - - - - -

8,402

-

-

-

- - - - - -

5,900 5,900

15,591

- - - - -

15,591 15,889 (3,575) (5,787) (1,404)

Other revaluations

-

15,889

Acquisition of NCI subsidiaries

(3,575)

Purchase of shares Other movements

(5,787)

-

5,240 (6,644)

(17,816)

321,440 215,968

9,541

40,633

1,765 791,093

As at 31 December 2018 Share based payments Appropriation of the result of preceding year Net result for the period Transfers within equity Exchange rate differences Revaluation subsidiaries

112,000 107,562

-

6,943

-

-

-

-

6,943

- - - - - -

108,729 (215,968)

- -

- - - - -

- (107,239) - 221,966

-

221,966

(13,580)

- - - - - -

13,580

-

-

-

- - - - -

(2,380)

(2,380)

963

- - - -

963

Other revaluations Purchase of shares Other movements

- -

7,745

7,745

896

- -

896

5,726 (7,572)

(1,846)

23,121

48,378

(615) 918,140

(11,194)

416,922 221,966

AS AT 31 DECEMBER 2019 112,000 107,562

Revaluation Reserve The revaluation reserve is maintained for the revaluation for the financial assets at FVOCI, net of tax. This reserve is a non- distributable legal reserve. Reserve For Translation Differences The reserve for translation differences concerns all exchange rate differences arising from the translation of the net investment in foreign entities and the related goodwill. This reserve is a non- distributable legal reserve.

For further information to the shareholder’s equity, see Note 26 of the Consolidated Financial Statements. The movements in the shareholder’s equity are before the proposed profit appropriation (see Note 60). The proposed profit appropriation includes the following items: the addition to retained earnings (€84.5million), legal reserves (€26.5million) and proposed dividends (€111.0 million).

8

Non-Distributable Profits and Other Gains Regarding Subsidiaries

As at 31 December 2019, profits and other gains from subsidiaries are not freely available for distribution for an amount of €23.1million relating to legal reserves (2018: €9.5 million). The increase is mainly due to the constraints from Irish Stock Exchange plc.

NOTE 54 BORROWINGS

For additional information on the borrowing positions, a reference is made to Note 29 of the Consolidated Financial Statements.

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2019 UNIVERSAL REGISTRATION DOCUMENT