Euronext - 2020 Universal Registration Document

Financial Statements

Notes to the Consolidated Financial Statements

Nordics Holding AS. The loan has a maturity of ten years with a fixed interest rate of 3%. In January 2020, Oslo Børs VPS Holding ASA repaid NOK 130 million to Euronext N.V. The outstanding amount of NOK 145 million loan with Oslo Børs VPS Holding ASAwas transferred to Euronext Nordics Holding AS. The loan maintains a maturity of five years from the grant date of 1 August 2019 and bears an interest rate of NIBOR three month plus 0.300%. As at 31 December 2020, the total outstanding amount of non- current related party loans are €459.7 million (2019: €504.7 million).

Furthermore, Euronext N.V. has loan agreements with Euronext US Inc. at a total amount of $115.3 million, of which $110.0 million was grated in order to finance the acquisition of FastMatch Inc.. These loans have a maturity of ten years and bear a weighted average interest rate of 3.36%. The interest amounts of these loans are recognised monthly and are included in Note 50. On 1 August 2019, Euronext N.V. entered into a loan agreement of NOK 275 million with Oslo Børs VPS Holding ASA. The loan has a maturity of five years and bears an interest rate of NIBOR three month plus 0.300%. On 23 December 2019, Euronext N.V. entered into a loan agreement of NOK 3,500 million with Euronext

NOTE 47 FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

The financial assets at fair value through Other Comprehensive Income of €137.4million (2019: €132.8million) represent the direct investment in Euroclear S.A./N.V. For additional information on this investment, reference is made to Note 20 of the Consolidated Financial Statements.

NOTE 48 OTHER NON-CURRENT FINANCIAL AND OTHER ASSETS

The increase of other non-current financial and other assets is due to the recognition of the issue costs that were linked to the syndicated bridge loan facility agreement entered into with a group of banks to prefinance the acquisition of Borsa Italiana Group for a total of €4.6 million. These capitalised costs will be amortised over

the life of the bridge loan facility. Reference is made to Notes 29 of the Consolidated Financial Statements for more information on the bridge loan facility agreement. For additional information on Other non-current financial and other assets, reference is made to Note 37.4 of the Consolidated Financial Statements.

NOTE 49 TRADE AND OTHER RECEIVABLES

As at 31 December 2020

As at 31 December 2019

In thousands of euros

Trade receivables Contract receivables

11,940 10,720

14,701

9,124

Allowance for expected credit losses Trade and contract receivables net

(19)

(35)

8

22,641 36,806

23,790 27,168

Related party receivables

Tax receivables (excluding income tax) Prepayments and accrued income

1,451

1,619

174

136

Other receivables

4,980

4,298

TOTAL

66,052

57,011

Trade receivables are non-interest bearing and generally on terms of 30 to 90 days. Contract receivables represent amounts in respect of unbilled revenue, for which the Group has an unconditional right to the consideration (i.e. only the passage of time is required before payment of the consideration is due).

Other receivables contains the accrued interest income from the interest rate swaps entered into in April 2018 (see Note 23 of the Consolidated Financial Statements). The fair value of the receivables approximates the book value, due to their short-term character.

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2020 UNIVERSAL REGISTRATION DOCUMENT