EURONEXT_Registration_Document_2017
6
FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
NOTE 27 PROVISIONS
LEGAL CLAIMS
PLAN AGENTS OTHERS
RESTRUCTURING BUILDING JUBILEE
TOTAL
In thousands of euros
Changes in provisions AS AT 1 JANUARY 2017
1,935
317
2,338
80
1,368
2,702
8,740
Additional provisions charged to income statement
251
204
160
840
-
1,180
2,635
Used during the year
(1,837)
-
(108)
(1)
-
-
(1,946)
Unused amounts reversed
(92)
-
(195)
-
-
(2,702)
(2,989)
Exchange differences
(15)
-
-
-
-
-
(15)
AS AT 31 DECEMBER 2017 Composition of provisions Current
242
521
2,195
919
1,368
1,180
6,425
242
521
-
581
-
-
1,344
Non Current
-
-
2,195
338
1,368
1,180
5,081
TOTAL
242
521
2,195
919
1,368
1,180
6,425
Restructuring The provision decreased following the execution of the restructuring plan for the relocation of Belfast IT operations to Porto in the first half of the 2017. Building The increase in building provision fully relates to the Praetorium building in Paris. Jubilee The Jubilee provision decreased, mainly due to the increase in discount rates.
Legal Claims The increase in legal claims provision related to two individual litigation settlement cases, which expenses were recognised in exceptional items (see Note 12). Plan Agents The provision for Plan Agents relates to a retirement allowance for retired stockbrokers in Belgium, which is determined using actuarial assumptions. No cash outflows are expected for 2018. Others As per 31December 2017, the Others provision relates to a €1.2million provision made for stamp duty tax on cash-pooling arrangements in Portugal (see Note 13). The unused amounts reversed of €2.7 million fully reflect the opening balance position at 1 January 2017. This opening balance position related to provisionsmade in 2014 for certain taxes, which have been fully released in 2017.
NOTE 28 TRADE AND OTHER PAYABLES
2017 3,539
2016 4,408
In thousands of euros
Trade payables
Social security and other taxes (excluding income tax)
21,290
20,149
40,315
38,118
Employees’ entitlements and other payables (a)
Accrued expenses
28,772
27,286
Other
5,245
646
TOTAL
99,161
90,607
(a) Amounts include salaries payable, bonus accruals, severance (signed contracts) and vacation accruals.
The carrying values of current trade and other payables are reasonable approximations of their fair values. These balances do not bear interest.
180
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2017 REGISTRATION DOCUMENT
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