Euronext - 2019 Universal Registration Document

Financial Statements 8

Consolidated Statement of Changes in Equity

NOTE 55 RELATED PARTY BORROWINGS

As at 1 January 2019

Loan settlements made

Interest accrued/ (paid)

As at 31 December 2019

Loans advanced

In thousands of euros Current Euronext Paris S.A.

257,639 84,686 25,000 60,000

- - - - - - -

- - - -

- - - - -

257,639 84,686 25,000 60,000

Euronext IP & IT Holding B.V. Euronext Amsterdam N.V. Euronext Brussels S.A./N.V. Euronext Corporate Services B.V. Interest payable on intercompany loan

-

3,500

3,500

121

-

2 2

123

TOTAL

427,446

3,500

430,948

As at 1 January 2018

Loan settlements made

Interest accrued/ (paid)

As at 31 December 2018

Loans advanced

In thousands of euros Current Euronext Paris S.A.

257,639 84,686 25,000 60,000

- - - - - -

- - - - - -

- - - -

257,639 84,686 25,000 60,000

Euronext Technologies Holding S.A.S.

Euronext Amsterdam N.V. Euronext Brussels S.A./N.V.

Interest payable on intercompany loan

73

48 48

121

TOTAL

427,398

427,446

The €25.0 million loan payable to Euronext Amsterdam N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/decrease of the interest income by €0.1 million (2018: €0.1 million). The €60.0 million loan payable to Euronext Brussels S.A./N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is Euribor 3 months plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €0.3 million (2018: €0.3 million). The €3.5 million loan payable to Euronext Corporate Services B.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA plus 0.125% payable annually on one loan.

The fair value of the related party loans payable approximate their carrying values. The €257.6 million loan payable to Euronext Paris S.A. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA OIS plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €1.3 million (2018: €1.3 million). The €84.7 million loan payable to Euronext IP & IT Holding B.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is Euribor 3months plus 0.125%payable annually on two loans.The sensitivity of the related party loan payables to changes in the Euribor interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/decrease of the interest income by €0.4million (2018: €0.4million).These loanswere previously held by Euronext Technologies Holding S.A.S. This subsidiary merged with Euronext Technologies S.A.S. in December 2018.

NOTE 56 TRADE AND OTHER PAYABLES

As at 31 December 2019

As at 31 December 2018

In thousands of euros

Trade payables

23

181

Amounts due to subsidiaries

113,049

12,658

Other TOTAL

5,059

5,079

118,131

17,918

The amounts due to subsidiaries contained a €104.1 million payable position with Euronext Paris S.A. (2018: €2.9 million).

The carrying values of current trade and other payables are reasonable approximations of their fair values. These balances do not bear interest.

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2019 UNIVERSAL REGISTRATION DOCUMENT