EURONEXT_Registration_Document_2017

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FINANCIAL STATEMENTS

Notes to the Consolidated Financial Statements

NOTE 10 DEPRECIATION AND AMORTIZATION

31 DECEMBER 2017

31 DECEMBER 2016

In thousands of euros

Depreciation of tangible fixed assets

(6,684)

(6,075)

Amortisation of intangible fixed assets

(10,248)

(9,013)

TOTAL

(16,932)

(15,088)

In 2017, the amortisation of intangible fixed assets includes €2.4 million of software and customer relations amortisation from newly acquired companies in 2017 (see Note 17).

NOTE 11 OTHER OPERATIONAL EXPENSES

YEAR ENDED

31 DECEMBER 2017

31 DECEMBER 2016

In thousands of euros

Systems and communications

(22,354)

(17,099)

Professional services

(45,545)

(38,382)

Clearing expenses

(27,925)

(26,311)

Accommodation

(9,961)

(10,237)

(24,364)

(20,737)

Other expenses (a)

TOTAL

(130,149)

(112,766)

(a) Other expenses include marketing, taxes, insurance, travel, professional membership fees, corporate management and other expenses.

NOTE 12 EXCEPTIONAL ITEMS

YEAR ENDED

31 DECEMBER 2017

31 DECEMBER 2016

In thousands of euros

Restructuring costs

(2,159)

(7,082)

ICE Clear Netherlands termination fee

(5,000)

-

Acquisition costs

(5,280)

(3,322)

Portuguese pension plan settlement

(1,565)

-

Refund pre-retirement plan Paris

2,208

-

Litigation provisions/settlements

(388)

-

Impairment intangible assets

(2,621)

-

Other

18

366

TOTAL

(14,787)

(10,038)

In 2017, exceptional items included:  €2.2 million of restructuring costs mainly related to expenses for employee termination benefits in the various Euronext locations;

 €5.0 million of breakup fee following the terminated agreement on derivatives clearing signed with ICE Clear Netherlands in 2017 (see Note 2);  €5.3 million of costs incurred for contemplated acquisitions of major significance to the Group, potentially changing the Group’s form or character (transformational acquisitions);

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2017 REGISTRATION DOCUMENT