Euronext // 2021 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

SUMMARISED BALANCE SHEET

LCH SA 31 December 2021 31 December 2020

In thousands of euros

Non-current assets

131,776

121,432

Current assets

533,620,624

530,580,180

Non-current liabilities

(12,700)

(16,700)

Current liabilities

(533,299,800)

(530,293,200)

Net assets

439,900

391,712

Reconciliation to carrying amounts: Opening net assets 1 January

391,712

378,168

Adjustments

(4,812)

(4,356)

Profit/(loss) for the year (a)

112,700

88,500

Other comprehensive income

300

400

Dividends paid

(60,000)

(71,000)

Closing net assets Group’s share in %

439,900

391,712

11.1%

11.1%

Group’s share in thousands of euros

48,829

43,481

Goodwill

17,980

17,980

CARRYING AMOUNT 61,461 (a) In 2021, LCH SA contributed a €12.0 million profit (2020: €9.4 million) to the line “Share of net profit/(loss) of associates and joint ventures accounted for using the equity method, and impairments thereof” in the Consolidated Statement of Profit or Loss. 66,809

SUMMARISED STATEMENT OF COMPREHENSIVE INCOME

LCH SA

2021

2020

In thousands of euros

Revenue

210,700

181,800

Profit from continuing operations Profit from discontinued operations

112,700

88,500

—

—

Profit for the year

112,700

88,500

Other comprehensive income

300

400

TOTAL COMPREHENSIVE INCOME Dividends received from associates

113,000

88,900

6,699

7,870

7.4

Individually immaterial associates and joint ventures

The acquisition of Borsa Italiana Group included an interest of 23.0% in MTS Associated Markets S.A., offering an electronic trading platform for sovereign securities ( e.g. government bonds). The acquisition of Borsa Italiana Group also included an interest of 26% in the HUB Exchange Ltd. (“HubX”), a provider of solutions for financial professionals to digitise core private placement and deal syndication activities. In 2021, the investment in HubX was disposed.

In addition to the interest in material associates and joint ventures disclosed above, the Group also has interests in individually immaterial associates and individually immaterial joint ventures, that are all accounted for using the equity method. Individually immaterial associates The Group has an 18.93% interest in Tokeny Solutions, a tokenisation platform that provides users end-to-end solutions to issue, manage and transfer tokenised securities on public blockchain. In the first half of 2021, following indications of a deteriorated future cash flow situation, the investment in associate Tokeny Solutions was impaired by €4.3 million to zero value.

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2021 UNIVERSAL REGISTRATION DOCUMENT