EURONEXT_Registration_Document_2017

6

FINANCIAL STATEMENTS

Notes to the Consolidated Financial Statements

order to (i) fund the acquisition of 89.8% of the shares and voting rights in FastMatch Inc and (ii) refinance the acquisition of 60% of the shares and voting rights in iBabs B.V. previously financed through

the Facility. The Bank Loan and Facility are together referred to as Instruments.

MATURITY BETWEEN

MATURITY < 1 YEAR

1 AND 5 YEARS MATURITY > 5 YEARS

TOTAL

In thousands of euros

2017 Trade and other payables

99,161

-

-

99,161

Other short-term financial liabilities

6,654

-

-

6,654

Borrowings

753

166,165

-

166,918

Other long-term financial liabilities

-

10,000

-

10,000

2016 Trade and other payables

90,607

-

-

90,607

Other short-term financial liabilities

-

-

-

-

Borrowings

497

70,112

-

70,609

Note 32.2. Interest rate risk Substantially all significant interest-bearing financial assets and liabilities of the Group are either based on floating rates or based on fixed rates with an interest term of less than one year. As a result, the Group is not exposed to fair value risk affecting fixed-rate financial assets and liabilities. The Group may enter into derivatives contracts in order to hedge interest rate risk if need be. The sole purpose of using derivatives would be to limit interest rate exposure to safeguard shareholder value. The Group will not use derivative instruments for speculative purposes. As at 31 December 2017, the Group has not any interest rate derivatives contracts outstanding As at 31 December 2017, the interest rate exposure of the Company was as follows:

CURRENCY

POSITION IN EUROS

POSITIONS IN POUND STERLING

POSITIONS IN DOLLAR

FLOATING RATE (OR FIXED RATE WITH MATURITY < 1 YEAR)

FLOATING RATE (OR FIXED RATE WITH MATURITY > 1 YEAR)

FLOATING RATE (OR FIXED RATE WITH MATURITY < 1 YEAR)

FLOATING RATE (OR FIXED RATE WITH MATURITY > 1 YEAR)

FLOATING RATE (OR FIXED RATE WITH MATURITY < 1 YEAR)

FLOATING RATE (OR FIXED RATE WITH MATURITY > 1 YEAR)

TYPE OF RATE AND MATURITY In thousands of euros 2017 Interest bearing financial assets (a)

165,137

6,000

13,329

-

9,319

-

Interest bearing financial liabilities

(203)

(164,682)

-

-

-

-

Net position before hedging

164,934

(158,682)

13,329

-

9,319

-

Net position after hedging

164,934

(158,682)

13,329

-

9,319

-

2016 Interest bearing financial assets (a)

129,064

6,000

45,437

-

-

-

Interest bearing financial liabilities

(96)

(69,005)

-

-

-

-

Net position before hedging

128,968

(63,005)

45,437

-

-

-

Net position after hedging

128,968

(63,005)

45,437

-

-

-

(a) Includes cash and cash equivalent and non-current other receivables.

shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on the net interest income based on the positions at 31 December 2017 (2016: €0.2 million). The Group was a net lender in US Dollar at 31 December, 2017 and 2016. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on net interest income based on the positions at 31 December 2017.

The Group is exposed to cash-flow risk arising from net floating- rate positions. The Group was a net lender in Euros at 31 December, 2017 and 2016. The sensitivity of net interest income to a parallel shift in the interest curves is that a 0.5% increase/decrease of the rate would not have had a material impact on the net interest income based on the positions at 31 December 2017 (2016: €0.3 million). The Group was a net lender in Pound Sterling at 31 December, 2017 and 2016. The sensitivity of net interest income to a parallel

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2017 REGISTRATION DOCUMENT