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.

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2017 REGISTRATION DOCUMENT