Euronext // 2021 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

NOTE 16 PROPERTY, PLANT AND EQUIPMENT

Land & Buildings

Hardware & IT Other Equipment (a)

Total

In thousands of euros

As at 31 December 2019 Cost

48,455

37,632

74,649

160,736

Accumulated depreciation and impairment

(9,959)

(30,820)

(61,067)

(101,846)

Net book amount

38,496 38,496

6,812 6,812

13,582 13,582

58,890 58,890

As at 1 January 2020 net book amount

Exchange differences

(653)

(54)

(405)

(1,112)

Additions

861

4,310

1,478

6,649

Disposals & other

131

(494)

60

(303)

Transfers

—

2,768

(2,768)

—

Acquisitions of subsidiaries

—

1,328

666

1,994

Depreciation charge (Note 10)

(1,366)

(6,082)

(2,646)

(10,094)

As at 31 December 2020 net book amount

37,469

8,588

9,967

56,024

As at 31 December 2020 Cost

52,454

55,115

59,767

167,336

Accumulated depreciation and impairment

(14,985)

(46,527)

(49,800)

(111,312)

Net book amount

37,469 37,469

8,588 8,588

9,967 9,967

56,024 56,024

As at 1 January 2021 net book amount

Exchange differences

404

168

163

735

Additions

4,908

21,824

6,635

33,367

Disposals & other

(123)

264

(180)

(39)

Transfers

—

—

—

—

Acquisitions of subsidiaries (Note 5)

1,528

15,386

6,591

23,505

Depreciation charge (Note 10)

(1,972)

(11,083)

(2,957)

(16,012)

As at 31 December 2021 net book amount

42,214

35,147

20,219

97,580

As at 31 December 2021 Cost

57,025

143,246

76,140

276,411

Accumulated depreciation and impairment

(14,811)

(108,099)

(55,921)

(178,831)

Net book amount

42,214

35,147

20,219

97,580

(a) Other Equipment includes building fixtures and fitting and lease improvements.

In 2021, the significant increase in Property Plant and Equipment was primarily related to the acquisition of Borsa Italiana Group and the purchases of Hardware and IT in relation to the new data centre in Bergamo.

NOTE 17 LEASES

Furthermore, the Group has very limited leases that contain variable lease payments and has no leases that are exposed to residual value guarantees. Payments associated wit short-term leases (containing a lease term of 12 months or less) and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss.

The Group leases offices in the various locations from which the Group operates its business, IT-hardware equipment such as data servers, racks and mainframes and leases of other equipment for use by its staff in offices. Lease of offices generally have an average lease term of 4 years, while hardware IT equipment generally have an average lease term of 3 years. Rental contracts are typically made for fixed periods, but may occasionally have extension options.

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2021 UNIVERSAL REGISTRATION DOCUMENT