Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

NOTE 16 PROPERTY, PLANT AND EQUIPMENT

Land & Buildings

Hardware & IT Other Equipment (a)

Total

In thousands of euros

As at 31 December 2018 Cost

25,779

34,576

50,564

110,919

Accumulated depreciation and impairment

(5,445)

(26,007)

(40,583)

(72,035)

Net book amount

20,334 20,334

8,569 8,569

9,981 9,981

38,884 38,884

As at 1 January 2019 net book amount

(81)

16

(19)

(84)

Exchange differences

Additions

7,674

2,930

4,059

14,663

Disposals & other

(1)

42

(90)

(49)

Acquisitions of subsidiaries

11,250

–

4,123

15,373

Depreciation charge (Note 10)

(680)

(4,745)

(4,473)

(9,898)

As at 31 December 2019 net book amount

38,496

6,812

13,582

58,890

As at 31 December 2019 Cost

48,455

37,632

74,649

160,736

(9,959)

(30,820)

(61,067)

(101,846)

Accumulated depreciation and impairment

Net book amount

38,496 38,496

6,812 6,812

13,582 13,582

58,890 58,890

As at 1 January 2020 net book amount

(653)

(54)

(405)

(1,112)

Exchange differences

Additions

861

4,310

1,478

6,649

Disposals & other

131

(494)

60

(303)

Transfers

–

2,768

(2,768)

–

Acquisitions of subsidiaries (Note 5)

–

1,328

666

1,994

Depreciation charge (Note 10)

(1,366)

(6,082)

(2,646)

(10,094)

As at 31 December 2020 net book amount

37,469

8,588

9,967

56,024

As at 31 December 2020 Cost

52,454

55,115

59,767

167,336

(14,985)

(46,527)

(49,800)

(111,312)

Accumulated depreciation and impairment

Net book amount

37,469

8,588

9,967

56,024

(a) Other Equipment includes building fixtures and fitting and lease improvements.

Last year, the significant increase in Property Plant and Equipment was primarily related to the acquired stock exchange building included in the acquisition of Oslo Børs VPS.

8

NOTE 17 LEASES

options. Furthermore, the Group has very limited leases that contain variable lease payments and has no leases that are exposed to residual value guarantees. Payments associated with short-term leases (containing a lease term of 12 months or less) and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss.

The Group leases offices in the various locations from which the Group operates its business, IT-hardware equipment such as data servers, racks and mainframes and leases of other equipment for use by its staff in offices. Lease of offices generally have an average lease term of four years, while hardware IT equipment generally have an average lease term of three years. Rental contracts are typically made for fixed periods, but may occasionally have extension

253

2020 UNIVERSAL REGISTRATION DOCUMENT