Euronext - 2020 Universal Registration Document

GLOSSARY, CONCORDANCE TABLES & ANNEX G

The following table shows the offsetting breakdown by products:

December 2020

Net amounts as reported

Gross amounts

Amounts offset

In thousands of euros

Derivative financial assets

18,871,668

(12,443,893)

6,427,775

Reverse repurchase agreements

126,738,971

(20,599,664)

106,139,307

Other

10,103

(3,938)

6,165

TOTAL ASSETS

145,620,742

(33,047,495)

112,573,247

(18,871,668)

12,443,893

(6,427,775)

Derivative financial liabilities

(126,738,971)

20,599,664

(106,139,307)

Reverse repurchase agreements

Other

(10,103)

3,938

(6,165)

TOTAL LIABILITIES

(145,620,742)

33,047,495

(112,573,247)

December 2019

Net amounts as reported

Gross amounts

Amounts offset

In thousands of euros

Derivative financial assets

26,866,967

(13,426,166)

13,440,801

Reverse repurchase agreements

174,050,265

(33,737,616)

140,312,649

Other

9,237

(5,207)

4,030

TOTAL ASSETS

200,926,469

(47,168,989)

153,757,480

(26,866,967)

13,426,166

(13,440,801)

Derivative financial liabilities

(174,050,265)

33,737,616

(140,312,649)

Reverse repurchase agreements

Other

(9,237)

5,207

(4,030)

TOTAL LIABILITIES

(200,926,469)

47,168,989

(153,757,480)

NOTE 19 CURRENT TAX ASSETS AND CURRENT TAX LIABILITIES

The item current tax assets typically includes the withholding taxes while this year includes also the effect of the positive tax ruling on Cassa di Compensazione e Garanzia S.p.A. and Monte Titoli S.p.A (see note 9 Taxation). The item current tax liabilities represent the amount outstanding for annual income tax in the different jurisdictions where the Group operates.

Current income tax assets and liabilities aremeasured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date in the countries where the Group operates and generates taxable income, mainly Italy but also United Kingdom, France and United States of America.

December 2020

December 2019

Current tax assets Current tax liabilities

16,162 (5,893)

1,100

(1,566)

354

2020 UNIVERSAL REGISTRATION DOCUMENT