Euronext - 2020 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

NOTE 52 SHAREHOLDERS’ EQUITY

The movements in shareholder’s equity were as follows:

Legal reserves and other

Non-distributable profits and other gains regarding subsidiaries

Reserve for translation differences

Issued capital

Share premium

Reserve for own shares

Retained earnings

Profit for the year

Revaluation reserve

Total

In thousands of euros

As at 31 December 2018 112,000 107,562

(17,816)

321,440 215,968

9,541

40,633

1,765 791,093

Share based payments

–

–

–

6,943

–

–

–

–

6,943

Appropriation of the result of preceding year

–

–

– 108,729 (215,968)

–

–

– (107,239)

Net result for the period

–

–

–

– 221,966

–

–

– 221,966

Transfers within equity

–

–

– (13,580)

–

13,580

–

–

–

Exchange rate differences

–

–

–

–

–

–

–

(2,380)

(2,380)

Revaluation subsidiaries

–

–

–

963

–

–

–

–

963

Other revaluations

–

–

–

–

–

–

7,745

–

7,745

Purchase of shares

–

–

896

–

–

–

–

–

896

Other movements

–

–

5,726 (7,573)

–

–

–

– (1,847)

(11,194)

416,922 221,966

23,121

48,378

(615) 918,140

As at 31 December 2019 112,000 107,562

Share based payments

–

–

–

8,469

–

–

–

–

8,469

Appropriation of the result of preceding year

–

–

– 111,346 (221,966)

–

–

– (110,620)

Net result for the period

–

–

–

– 315,484

–

–

– 315,484

Transfers within equity

–

–

– (6,664)

–

6,664

–

–

–

Exchange rate differences

–

–

–

–

–

–

–

(55,462)

(55,462)

Revaluation subsidiaries

–

–

–

728

–

–

–

–

728

Other revaluations

–

–

–

–

–

–

3,917

–

3,917

Acquisition of NCI subsidiaries

–

–

– (6,906)

–

–

–

– (6,906)

Purchase of shares

–

–

(13,228)

–

–

–

–

– (13,228)

Other movements

–

–

4,554 (6,328)

–

–

–

– (1,774)

517,567

315,484

29,785

52,295

(56,077) 1,058,748

(19,867)

AS AT 31 DECEMBER 2020 112,000 107,562

Revaluation reserve The revaluation reserve is maintained for the revaluation for the financial assets at FVOCI, net of tax. This reserve is a non- distributable legal reserve. Reserve for translation differences The reserve for translation differences concerns all exchange rate differences arising from the translation of the net investment in foreign entities and the related goodwill. This reserve is a non- distributable legal reserve.

For further information to the shareholder’s equity, see Note 26 of the Consolidated Financial Statements. The movements in the shareholder’s equity are before the proposed profit appropriation (see Note 60). The proposed profit appropriation includes the following items: the addition to retained earnings (€151.1million), legal reserves (€6.7million) and proposed dividends (€157.7 million).

Non-distributable profits and other gains regarding subsidiaries

As at 31 December 2020, profits and other gains from subsidiaries are not freely available for distribution for an amount of €29.8million relating to legal reserves (2019: €23.1 million). In 2020 and 2019, the increases of legal reserves are mainly relating from Irish Stock Exchange plc.

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2020 UNIVERSAL REGISTRATION DOCUMENT