Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

SUMMARISED BALANCE SHEET

LCH SA 31 December 2020 31 December 2019

(In thousands of euros)

Non-current assets

121,432

117,488

Current assets

530,580,180

474,207,180

Non-current liabilities

(16,700)

(17,200)

Current liabilities

(530,293,200)

(473,929,300)

378,168

Net assets

391,712

Reconciliation to carrying amounts: Opening net assets 1 January

378,168

355,144

Adjustments

(4,356)

(2,276)

88,500

72,200

Profit/(loss) for the year (a)

Other comprehensive income

400

(900)

Dividends paid

(71,000)

(46,000)

378,168

Closing net assets Group’s share in %

391,712

11.1%

11.1%

43,481

41,977

Group’s share in thousands of euros

Goodwill

17,980

17,980

CARRYING AMOUNT 59,957 (a) In 2020, LCH SA contributed a €9.4 million profit (2019: €7.7 million) to the line Share of net profit/(loss) of associates and joint ventures accounted for using the equity method, and impairments thereof’ in the Consolidated Statement of Profit or Loss. 61,461

SUMMARISED STATEMENT OF COMPREHENSIVE INCOME

LCH SA

2020

2019

(In thousands of euros)

Revenue

181,800

160,500

Profit from continuing operations Profit from discontinued operations

88,500

72,200

–

–

Profit for the year

88,500

72,200

Other comprehensive income

400

(900)

71,300

TOTAL COMPREHENSIVE INCOME Dividends received from associates

88,900

7,870

5,097

8

7.4 Individually Immaterial Associates and Joint Ventures In addition to the interest in material associates and joint ventures disclosed above, the Group also has interests in individually immaterial associates and individually immaterial joint ventures, that are all accounted for using the equity method.

Individually immaterial associates The Group has an 23.5% interest in Tokeny Solutions, a tokenization platform that provides users end-to-end solutions to issue, manage and transfer tokenized securities on public blockchain. On 10 March 2020, associate Tredzone S.A.S., a low latency software developer was dissolved. Subsequently the Group’s interest of 34.04% in Tredzone S.A.S. was derecognised.

245

2020 UNIVERSAL REGISTRATION DOCUMENT