Euronext - 2020 Universal Registration Document

GLOSSARY, CONCORDANCE TABLES & ANNEX

For the year ended 31 December 2019

Post Trade group

Chief Operating and Information Offices

Total Group Non Departmental

Capital Markets

Information Services

Corporate & Management

Continuing

In thousands of euros

Total admission fees

7,947

1,807

- - - - - -

-

- -

- -

9,754 4,490

Total training fees

-

-

4,490

Total transaction fees

102,657

48,163

- - - - - - - -

96

95

151,010

Point in time – Total other revenue Total revenue shares and discounts

-

3,457

812

- - - -

- - - -

4,269 2,024

2,024 5,373

-

Total settlement fees receivable

9,332

14,705 45,715

Total clearing fees

148

45,567

Point in time – Revenue

118,149

108,325

812

4,490

96

95

231,967

Total licence fees

-

- - - - -

18,710 21,137

-

18,710 31,556 39,077 21,839 12,634 19,586 25,674

Over time – Data fees

10,382 39,077 18,355

- - - - -

37

Total annual and subscription fees

- - - -

- - - -

Total connectivity fees Total consultancy fees

3,484

-

12,634

Over time – Total membership fees

13,991

5,595 4,336 9,931

-

Over time – Total other revenue

5,754

1,554

13,999 30,117 34,606

8 8

23 60

Over time – Revenue

87,559

41,400 42,212

169,074 401,041

Revenue

205,709

118,256

103

155

estimated this time performing an historical analysis of the average duration of listing of the securities in each of the abovementioned markets. The estimated service period inherently incorporates an element of uncertainty since it is subject to factors outside of the Company’s control. The time of listing has been estimated equal to 12 years for the MTA and ETF markets and 4 years for the AIM market.

Starting from 1 st January 2018 Borsa Italiana S.p.A. has adopted, with a retrospective approach, IFRS 15 over the admission fees for the markets MTA, AIM and ETF, which were previously recognised at the time of admission to trading under IAS 18. In accordance with IFRS 15, such fees are now considered as one performance obligation and recognised from the date of admission over a period equal to the estimated time of listing. The Company has

The following table shows the geographical breakdown of revenues:

For the year ended 31 December 2020 Continuing

For the year ended 31 December 2019 Continuing

In thousands of euros

Revenue UK

10,892

14,975

Italy

399,859

379,315

France

1,977 4,444

2,332 4,420

USA

TOTAL

417,172

401,041

NOTE 5

NET TREASURY INCOME THROUGH CCP BUSINESS

the result of interest earned on cash assets lodged with the clearing house, less interest paid to the members on their margin and default fund contributions. Where negative interest rates apply, the Group recognises interest paid on cash assets as a treasury expense and interest received on clearing members’ margin as treasury income.

Income recognised in the CCP clearing businesses includes net treasury income earned on margin and default funds, held as part of the risk management process. For the year ended 31 December 2020 the item amounts to €55,687 thousand (31 December 2019 €55,330 thousand) and is

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2020 UNIVERSAL REGISTRATION DOCUMENT