Euronext // 2021 Universal Registration Document

Financial Statements

Notes to the Company Financial Statements

NOTE 46 INVESTMENTS IN CONSOLIDATED SUBSIDIARIES, ASSOCIATES, JOINT VENTURES AND NON-CURRENT RELATED PARTY LOANS

Investments in consolidated subsidiaries

Investments in associates and joint ventures

Related party loans

Total

In thousands of euros

Net book amount as at 31 December 2019

1,602,307

67,025

504,736 (13,154)

2,174,068

Investments

217,296 (1,050) (63,136)

— —

204,142 (1,050) (95,035)

Capital contributions / (settlements)

—

Exchange differences

(22)

(31,877)

Share-based payments, subsidiaries

8,520

— — —

— — — — — — —

8,520

Actuarial gains/ losses IAS 19

(1,198)

(1,198)

Revaluation financial assets at FVOCI Share in result of participations

1,926

1,926

345,878 (203,916)

8,956

354,834 (211,786)

Dividend received Reclassification

(7,870)

—

(38)

(38)

Other

(14,471) 289,849

—

(14,471) 245,844

Total movements in book value

1,026

(45,031) 459,705 (14,172)

NET BOOK AMOUNT AS AT 31 DECEMBER 2020

1,892,156 4,447,337

68,051

2,419,912 4,433,165

Investments

— — — — — —

Capital contributions / (settlements)

—

—

—

Exchange differences

45,573 10,518

24,336

69,909 10,518

Share-based payments, subsidiaries

— — — — — — —

Actuarial gains/ losses IAS 19

2,682

2,682

Revaluation financial assets at FVOCI Share in result of participations

(4,711) 420,665 (321,220)

(4,711) 428,146 (327,872)

7,481

Dividend received Reclassification

(6,652)

404

(404)

—

Other

(73,466)

—

(73,466)

Total movements in book value

4,527,782 6,419,938

425

10,164 469,869

4,538,371 6,958,283

NET BOOK AMOUNT AS AT 31 DECEMBER 2021

68,476

Investments in consolidated subsidiaries In 2021, Euronext N.V. acquired and/or increased the interest/ investment in Borsa Italiana Group for a total of €4,447.3 million. The line ‘Other’ includes the purchase of additional interests by exercise of call options for the remaining minority shares in iBabs B.V. and Commcise Software Ltd. by respectively Euronext Corporate Services B.V. and Euronext UK Holdings Ltd. for a total amount of €59.3 million. For additional information on these acquired and/or increased interests/investments please refer to Notes 4 and 5 of the Consolidated Financial Statements. In addition, the line ‘Other’ includes the cost of employee shares vesting in the subsidiaries for a total of €13.9 million in 2021 (2020: €13.0 million). In 2020, Euronext N.V. acquired and/or increased the interest/ investment in VP Securities AS and Euronext Nordics Holding AS for a total of €217.3 million. The Company transferred its investment in Enternext S.A. to Euronext Paris S.A. for the amount of €1.0 million.

Investments in associates and joint ventures In 2021, the Company decided to impair its investment in associate Tokeny Solutions by €4.3 million, which negatively impacted ‘share in result of participation’ (see Note 7 of the Consolidated Financial Statements). In 2020, Euronext N.V. neither acquired nor increased the interests/ investments in associates and joint ventures. Amounts due from subsidiaries As per 1 January 2021, Euronext N.V. had two loan agreements with Euronext Nordics Holding AS entered into for an initial total amount of NOK 3,775 million. In May 2021, the NOK 275 million loan agreement (of which NOK 145 million was outstanding) that had a maturity of five years was fully repaid by Euronext Nordics Holding AS. The remaining loan agreement of NOK 3,500 million has a maturity of ten years with a fixed interest rate of 3%.

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2021 UNIVERSAL REGISTRATION DOCUMENT