Euronext // 2021 Universal Registration Document

Financial Statements 8 Notes to the Consolidated Financial Statements

Restructuring The restructuring provision relates to employee termination benefits that have an uncertain character. The decrease for the year was primarily related to the use of the restructuring plan in VP Securities. Leases The leases provision relates to estimated future dismantling or removing costs, primarily for the lease of its “Praetorium” office in Paris and the VP Securities office. Jubilee The Jubilee provision decreased, mainly due to the increase in discount rates.

Legal claims The legal claims provision relates to individual litigation settlement cases. Plan Agents The provision for Plan Agents relates to a retirement allowance for retired stockbrokers in Belgium, which is determined using actuarial assumptions. No cash outflows are expected for 2022. Others The “Others” provision primarily relates to a compensation scheme in Oslo, that gives employees compensation for a change in their historical DB pension arrangements. Furthermore, the provision comprises stamp duty tax and onerous cost related to terminated commercial contracts. The movements that occurred during the year related to these components.

NOTE 32 TRADE AND OTHER PAYABLES

2021

2020 56,259 36,928 60,089 32,561

In thousands of euros

Trade payables

211,124 47,772 93,291 84,449

Social security and other taxes (excluding income tax)

Employees’ entitlements (a)

Accrued expenses

Other payables

3,220

—

TOTAL

439,856

185,837

(a) Amounts include salaries payable, bonus accruals, severance (signed contracts) and vacation accruals.

In addition, the increase in trade payables included an impact of €146.8 million related to Nord Pool power purchases, as a result of higher trading volumes and energy prices at the end of 2021.

The carrying values of current trade and other payables are reasonable approximations of their fair values. These balances do not bear interest. In general, the increase of trade and other payables, was primarily due to the acquisition of the Borsa Italiana Group in 2021.

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2021 UNIVERSAL REGISTRATION DOCUMENT