Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

As at 31 December 2020 and 2019 the interest rate exposure of the Company was as follows:

Currency

Position in EUR

Positions in GBP

Positions in USD Positions in NOK Positions in DKK

Floating rate with maturity < one year

Floating rate with maturity > one year

Floating rate with maturity < one year

Floating rate with maturity > one year

Floating rate with maturity < one year

Floating rate with maturity > one year

Floating rate with maturity < one year

Floating rate with maturity > one year

Floating rate with maturity < one year

Floating rate with maturity > one year

Type of rate and maturity In thousands of euros

2020 Interest bearing financial assets (a) Interest bearing financial liabilities Net position after hedging 2019 Interest bearing financial assets (a) Interest bearing financial liabilities

355,941

–

30,735

–

16,002

–

80,682

–

39,068

–

16

– –

–

– – –

–

– – –

–

– – –

–

– – –

Net position before hedging 355,925

30,735 30,735

16,002 16,002

80,682 80,682

39,068 39,068

356,043 (500,000)

201,403

–

25,622

–

9,343

–

64,099

–

–

–

62

– –

–

– – –

–

– – –

–

– – –

– – –

– – –

Net position before hedging 201,341

25,622 25,622

9,343 9,343

64,099 64,099

Net position after hedging

201,311 (500,000)

Currency

Position in EUR

Positions in GBP

Positions in USD Positions in NOK Positions in DKK

Fixed rate with maturity < one year

Fixed rate with maturity > one year

Fixed rate with maturity < one year

Fixed rate with maturity > one year

Fixed rate with maturity < one year

Fixed rate with maturity > one year

Fixed rate with maturity < one year

Fixed rate with maturity > one year

Fixed rate with maturity < one year

Fixed rate with maturity > one year

Type of rate and maturity In thousands of euros

2020 Interest bearing financial assets (a) Interest bearing financial liabilities Net position before hedging Net position after hedging 2019 Interest bearing financial assets (a) Interest bearing financial liabilities Net position before hedging Net position after hedging

95,469

3,516

19,334

–

16,143

–

30,531

–

37,795

–

8,227 1,272,510 87,242 (1,268,994) 114,195 (768,994)

–

– – –

–

– – –

77

– – –

–

– – –

19,334 19,334

16,143 16,143

30,454 30,454

37,795 37,795

45,815

–

5,909

–

14,909

–

19,098

–

–

–

7,000 1,011,527 38,815 (1,011,527) 61,531 (511,527)

–

– – –

–

– – –

–

– – –

– – –

– – –

5,909 5,909

14,909 14,909

19,098 19,098

8

(a) Includes cash and cash equivalents and non-current financial assets at amortised cost.

in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on net interest income based on the positions at 31 December 2020 and 2019. The Group was a net lender in Norwegian Kroner at 31 December 2020 and 2019. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would have resulted in an increase/decrease of net interest income of €0.4 million based on the positions at 31 December 2020 (2019: €0.3 million). The fluctuation of the DKK against the EUR is set within the bandwidth +/-2.25% as an exchange rate mechanism established by the Denmarks Nationalbank. Therefore, currency risk sensitivity inherent to the Group exposure to that currency is deemed to be irrelevant.

The Group is exposed to cash-flow risk arising from net floating-rate positions. The Group was a net borrower in Euros at 31 December 2020 and 2019. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would have resulted in an increase/decrease of net interest income of €0.7 million based on the positions at 31 December 2020 (2019: €1.5 million). The Group was a net lender in Pound Sterling at 31 December 2020 and 2019. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on the net interest income based on the positions at 31 December 2020 and 2019. The Group was a net lender in US Dollar at 31 December 2020 and 2019. The sensitivity of net interest income to a parallel shift

279

2020 UNIVERSAL REGISTRATION DOCUMENT