EURONEXT_Registration_Document_2017

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FINANCIAL STATEMENTS

Notes to the Company Financial Statements

NOTE 38 OTHER OPERATING EXPENSES

2017

2016

In thousands of euros

Systems and communications

(116)

(52)

Professional Services

(10,937)

(8,085)

Other expenses

(1,090)

(1,417)

TOTAL

(12,143)

(9,554)

Number of Employees Euronext N.V. had no employees during 2017 and 2016. The remuneration of the Supervisory Board is included in other expenses.

In 2017 the professional services expenses contain €4.6 million (2016: €3.3 million) of acquisition costs which qualify as exceptional item (see Note 12 of the Consolidated Financial Statements).

NOTE 39 FINANCIAL INCOME AND EXPENSES

2017 3,891

2016 3,817

In thousands of euros

Income from available-for-sale financial assets

Interest and similar income

1,478

7,351

Interest and similar expenses

(2,695)

(3,128)

Exchange differences

(2,000)

(475)

TOTAL

674

7,565

The income from available-for-sale financial assets reflects the dividend received from Euroclear plc. The decrease of interest and similar income was due to the non-current related party loan settlement in 2016 (see Note 41). The increase in exchange differences related to foreign exchange impacts resulting from the $110 million non-current related party loan with Euronext US Inc. (see Note 41).

NOTE 40 TAX

2017

2016 (1,989)

In thousands of euros

Result before tax

(11,469)

Corporate income tax current financial year

2,276

(382)

Corporate income tax previous financial years

937

33

TOTAL

3,213

(349)

In 2017, the effective tax rate mainly deviates from the applicable tax rate as a result of acquisition costs not being tax deductible in 2016, becoming tax deductible in 2017 as contemplated acquisition was not closed. In 2016, the effective tax rate mainly deviates from the applicable tax rate as a result of non-deductible acquisition expenses.

2017

2016

Effective tax rate

28%

-18%

Applicable tax rate

25%

25%

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2017 REGISTRATION DOCUMENT