Euronext - 2020 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

NOTE 46 INVESTMENTS IN CONSOLIDATED SUBSIDIARIES, ASSOCIATES, JOINT VENTURES AND NON-CURRENT RELATED PARTY LOANS

Investments in consolidated subsidiaries

Investments in associates and joint ventures

Related party loans

Total

In thousands of euros

Net book amount as at 31 December 2018

1,202,896

72,685

118,678

1,394,258

Investments

363,155

5,194

380,080

748,429

Capital contributions/(settlements)

(324)

1,231

–

907

Exchange differences

(6,157)

(2)

5,978

(180)

Share-based payments, subsidiaries

6,921

–

–

6,921

Actuarial gains/losses IAS 19

(1,632)

–

–

(1,632)

Revaluation financial assets at FVOCI

2,595

–

–

2,595

Share in result of participations

233,589

1,844

–

235,433

Dividend received

(196,971)

(5,097)

–

(202,068)

Reclassification

–

(8,760)

–

(8,760)

Other

(1,765)

(70)

–

(1,835)

Total movements in book value

399,411

(5,660) 67,025

386,058 504,736

779,810

1,602,307

2,174,068

NET BOOK AMOUNT AS AT 31 DECEMBER 2019

Investments

217,296

–

(13,154)

204,142

Capital contributions/(settlements)

(1,050)

–

–

(1,050)

(63,136)

(22)

(31,877)

(95,035)

Exchange differences

Share-based payments, subsidiaries

8,520

–

–

8,520

Actuarial gains/losses IAS 19

(1,198)

–

–

(1,198)

Revaluation financial assets at FVOCI

1,926

–

–

1,926

Share in result of participations

345,878

8,956

–

354,834

Dividend received

(203,916)

(7,870)

–

(211,786)

Reclassification

–

(39)

–

(39)

Other

(14,471)

–

–

(14,471)

Total movements in book value

289,849

1,025

(45,031) 459,705

245,843

1,892,156

68,051

2,419,911

NET BOOK AMOUNT AS AT 31 DECEMBER 2020

Investments in consolidated subsidiaries In 2020, Euronext N.V. acquired and/or increased the interest/ investment in VP Securities AS and Euronext Nordics Holding AS for a total of €217.3 million. The Company transferred its investment in Enternext S.A. to Euronext Paris S.A. for the amount of €1.0 million. The cost of employee shares vesting in the subsidiaries for a total of €13.0 million is included in Other (2019: €7.4 million). In 2019, Euronext N.V. acquired and/or increased the interests/ investments in Euronext US Inc., Euronext Nordics Holding AS, and Finance Web Working SAS for a total of €363.2 million. For additional information on these acquired and/or increased interests/investments please refer to Notes 4 and 5 of the Consolidated Financial Statements. Investments in associates and joint ventures In 2020, Euronext N.V. neither acquired nor increased the interests/ investments in associates and joint ventures.

In 2019, Euronext N.V. acquired and/or increased the interests/ investments in Tokeny Solutions and LiquidShare SAS for a total of €5.2 million. The Company impaired its investment in EuroCCP for the amount of €6.0 million. The residual investment in EuroCCP was reclassified as asset held for sale with the amount of €8.8 million. On 1 July 2020, the Group sold its 20% investment in associate EuroCCP to CBOE Global Markets for a cash consideration of €8.8million. The investment, classified as an asset held for sale, was subsequently derecognised (see Note 7 and 22 of the Consolidated Financial Statements). Amounts due from subsidiaries As at 1 January 2019, Amounts due from subsidiaries contains a loan agreement of £16.3 million that Euronext N.V. entered with Euronext UK Holdings Ltd. to enable the acquisition of Commcise Software Ltd. This loan has a maturity of ten years and bears an interest rate of LIBOR UK one month plus 0.125%. The interest amount is received monthly and is included in Note 50.

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2020 UNIVERSAL REGISTRATION DOCUMENT