EURONEXT_Registration_Document_2017

FINANCIAL STATEMENTS

Notes to the Consolidated Financial Statements

Note 7.2 – Contingent liabilities in respect of associates and joint ventures

Note 7.3 – Summarised financial information for associates and joint ventures The tables below provide summarised financial information for those associates and joint ventures that are material to the Group. The information disclosed reflects the amounts presented in the Financial Statements of the relevant associates or joint ventures and not Euronext’s share of those amounts. They have been amended to reflect adjustments made by the entity when using the equity method, including fair value adjustments and modifications for differences in accounting policy.

Financial Guarantee Contract As part of the acquisition of its 20% stake in EuroCCP, Euronext is providing a liquidity guarantee towards ABN Amro Clearing Bank, who acts as liquidity provider to EuroCCP. This liquidity guarantee is an independent first demand guarantee, provided by all shareholders in EuroCCP to ABN Amro Clearing Bank, with a maximum amount of €6.0 million per shareholder. This guarantee serves as security for the due fulfilment by EuroCCP of its obligations towards the liquidity provider. Having concluded that its fair value is insignificant, Euronext is not recognizing a liability for this Financial Guarantee contract.

EUROCCP

LCH S.A.

31 DECEMBER 2017

31 DECEMBER 2016

31 DECEMBER 2017

31 DECEMBER 2016

Summarised balance sheet (In thousands of euros)

Non-current assets

2,216

2,260

102,721

-

Current assets

598,189

539,058

289,076,000

-

Non-current liabilities

-

-

6,400

-

Current liabilities

557,024

501,147

288,812,000

-

Net assets

43,381

40,171

360,321

- -

Reconciliation to carrying amounts:

Opening net assets 1 January

40,171

38,443

324,800

-

Additions

-

-

32,621

-

Profit/(loss) for the year (a)

3,217

4,841

42,600

-

Other comprehensive income

(7)

49

300

-

Dividends paid

-

(3,162)

(40,000)

-

Closing net assets Group’s share in %

43,381

40,171

360,321

-

20.0%

20.0%

11.1%

-

Group’s share in thousands of euros

8,676

8,034

39,996

-

Goodwill

5,433

5,433

17,955

-

CARRYING AMOUNT - (a) The share of profit from EuroCCP recognised in the Group’s Statement of Profit or Loss amounted to €0.6 million in 2017 (2016: €22 k, reflecting the Group’s interest as from the acquisition date of 15 December 2016). The investment in LCH S.A. did not generate any share of profit in 2017, as the acquisition was finalised on 29 December 2017. 14,109 13,467 57,951

6

EUROCCP

LCH S.A.

2017 22,556

2016 23,771

2017

2016

Summarised statement of comprehensive income (In thousands of euros)

Revenue

118,500

-

Profit from continuing operations Profit from discontinued operations

3,217

4,841

42,600

-

-

-

-

-

Profit for the year

3,217

4,841

42,600

-

Other comprehensive income

(7)

49

300

-

TOTAL COMPREHENSIVE INCOME Dividends received from associates

3,210

4,890

42,900

-

-

-

-

-

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2017 REGISTRATION DOCUMENT