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