EURONEXT_Registration_Document_2017
6
FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
Note 7.4 – Individually immaterial associates and joint ventures In addition to the interest in material associates and joint ventures disclosed above, the Group also has interests in an individually
immaterial associate and two individually immaterial joint ventures, that are all accounted for using the equity method.
Individually Immaterial Associate The Group has an 34.04% interest in Tredzone S.A.S., a low latency software developer, as part of its innovation strategy.
2017 1,145
2016 1,319
(In thousands of euros)
Aggregate carrying amount of individually immaterial associates
Aggregate amounts of the Group’s share of: Profit/(loss) from continuing operations
(175)
(41)
Post-tax profit or loss from discontinued operations
-
-
Other comprehensive income
-
-
TOTAL COMPREHENSIVE INCOME
(175)
(41)
Individually Immaterial Joint Ventures On 10 July 2017 the Group, together with six other leading financial institutions, incorporated LiquidShare, a fintech joint venture with the objective to improve SME’s access to capital markets and improving the transparency and security of post-trading operations
using blockchain technology. The Group, sharing joint control with the other founders, has an interest of 13.57% in LiquidShare. The Group also has an interest of 50% in Algonext Ltd. that was incorporated after the Group entered into a 10 year partnership with fixed income technology provider Algomi Ltd. in 2016, to create a long-term joint venture.
2017 1,799
2016 1,171
(In thousands of euros)
Aggregate carrying amount of individually immaterial joint ventures
Aggregate amounts of the Group’s share of: Profit/(loss) from continuing operations
(181)
-
Post-tax profit or loss from discontinued operations
-
-
Other comprehensive income
-
-
TOTAL COMPREHENSIVE INCOME
(181)
-
NOTE 8
REVENUE
162
www.euronext.com
2017 REGISTRATION DOCUMENT
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