EURONEXT_Registration_Document_2017
FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
NOTE 20 TRADE AND OTHER RECEIVABLES
2017 61,156
2016 46,383
In thousands of euros
Trade receivables
Less provision for impairment of trade receivables
(1,256)
(1,206)
Trade receivables net
59,900
45,177
Tax receivables (excluding income tax)
7,673
5,927
Prepayments and accrued income
24,492
24,114
Other receivables
2,921
6,381
TOTAL
94,986
81,599
The movement in the provision for impaired trade receivables in 2017 reflects usages of €0.3million (2016: €0.8million) and accruals of €0.3 million (2016: €0.5 million) recorded during the year. Management considers the fair value of the trade and other receivables to approximate their carrying value. The carrying value represents the Group’s maximum exposure to credit risk.
As of 31 December 2017, the total amount of trade receivables that were past due but not impaired was €19.0 million (2016: €11.5 million) of which €2.3 million (2016: €2.3 million) was overdue by more than three months.
NOTE 21 CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of the following:
2017
2016
In thousands of euros
Cash and bank balances
162,387
129,717
Short term investments
25,398
44,784
TOTAL
187,785
174,501
Short term investments are presented as cash and cash equivalents if they have a maturity of three months or less from the date of acquisition and are repayable with 24 hours’ notice with no loss of interest.
NOTE 22 SHAREHOLDERS’ EQUITY
As of 31 December 2017, the Company’s issued share capital amounts to €112,000,000 and is divided into 70,000,000 Ordinary Shares. The Priority Share is currently not outstanding. The fully paid ordinary shares carry one vote per share and rights to dividends, if declared. The Group’s ability to declare dividends is limited to distributable reserves as defined by Dutch law.
Under the Articles of Association, the Company’s authorised share capital amounts to €200,000,001.60 and is divided into 125,000,000 Ordinary Shares and one Priority Share, each with a nominal value of €1.60 per share. All of Euronext’s shares have been or will be created under Dutch law.
6
Number of shares outstanding:
2017
2016
(In numbers of shares)
Issued shares
70,000,000
70,000,000
Treasury shares Treasury shares as at 1 January
(463,799)
(464,387)
Liquidity contract
30,691
(33,010)
Share buy back
(45,659)
-
From share-based payments vesting
65,447
33,598
Treasury shares as at 31 December OUTSTANDING AS AT 31 DECEMBER
(413,320)
(463,799)
69,586,680
69,536,201
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2017 REGISTRATION DOCUMENT
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