Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

NOTE 13 NET FINANCING INCOME/(EXPENSE)

Year ended 31 December 2020 31 December 2019

In thousands of euros

Interest expense (effective interest method)

(17,043)

(11,632)

Interest in respect of lease liabilities

(525)

(555)

Other finance costs

306

336

(11,851)

Finance costs

(17,262)

Contingent consideration payables (see Note 35)

394

(1,310)

(131)

(11,965)

Redemption liabilities (see Note 35)

(13,275)

Change in fair value of financial liabilities Interest income (effective interest method)

263

1,029

1,879

Interest income from interest rate swaps

4,949

4,971

Hedging result

(27)

124

Gain/(loss) on disposal of treasury investments

84

198

Net foreign exchange gain/(loss)

(1,836)

539

7,711

Other net financing income/(expense)

4,199

TOTAL

(12,800)

(17,415)

payable and redemption liability related to Company Webcast B.V. (see Note 35). Other net financing income was negatively impacted by foreign currency translation effects, primarily due to fluctuations in NOK. Hedging result consists of gains or losses resulting from the ineffective part of the fair value hedge and net investment hedge (see Note 23).

Interest expense for the year comprises the full year impacts of interest expenses related to Bond (#1) issued in April 2018 and Bond (#2) issued in June 2019. In addition, it includes the interest expenses following the tap offering on Bond #2, that was issued in June 2020 (see Notes 2 and 29). In 2020, current financial liabilities were remeasured through profit or loss by €0.3 million. The comparative period was primarily impacted by the remeasurement of the contingent consideration

NOTE 14 RESULTS FROM EQUITY INVESTMENTS

Year ended 31 December 2020 31 December 2019

In thousands of euros

Dividend income

1,646

7,270

8

TOTAL

1,646

7,270

In 2020, dividend income relates to dividends received from the Group’s non-current equity investments at FVOCI in Sicovam Holding S.A. In 2019, dividend income relates to dividends received from the Group’s non-current equity investments at FVOCI in Euroclear S.A./N.V. and Sicovam Holding S.A.

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2020 UNIVERSAL REGISTRATION DOCUMENT