EURONEXT_Registration_Document_2017

6

FINANCIAL STATEMENTS

Notes to the Company Financial Statements

NOTE 47 BORROWINGS

For additional information on the borrowings positions, a reference is made to Note 25 of the Consolidated Financial Statements.

NOTE 48 RELATED PARTY BORROWINGS

AS AT 1 JANUARY2017

LOAN SETTLEMENTS

AS AT 31 DECEMBER 2017

MADE LOANS ADVANCED INTEREST PAID

In thousands of euros

Current Euronext Paris S.A.

200,000

-

57,639

-

257,639

Euronext Technologies Holding S.A.S.

84,686

-

-

-

84,686

Euronext Amsterdam N.V.

25,000

-

-

-

25,000

Euronext Brussels S.A./N.V.

60,000

-

-

-

60,000

Interest payable on intercompany loan

74

-

-

(1)

73

TOTAL

369,760

-

57,639

(1)

427,398

AS AT 1 JANUARY2016

LOAN SETTLEMENTS

AS AT 31 DECEMBER 2016

MADE LOANS ADVANCED INTEREST PAID

In thousands of euros

Current Euronext Paris S.A.

860,000

(660,000)

-

-

200,000

Euronext Technologies Holding S.A.S.

84,686

-

-

-

84,686

Euronext Amsterdam N.V.

25,000

-

-

-

25,000

Euronext Brussels S.A./N.V.

60,000

-

-

-

60,000

Interest payable on intercompany loan

545

-

-

(471)

74

TOTAL

1,030,231

(660,000)

-

(471)

369,760

an increase/decrease of the interest income by €0.4 million (2016: €0.4 million). The €25.0 million loan payable to Euronext Amsterdam N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/decrease of the interest income by €0.1 million (2016: €0.1 million). The €60.0 million loan payable to Euronext Brussels S.A./N.V. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EURIBOR 3 months plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €0.3 million (2016: €0.3 million).

The fair value of the related party loans payable approximate their carrying values. The €257.6 million loan payable to Euronext Paris S.A. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EONIA OIS plus 0.125% payable annually on one loan. The sensitivity of the related party loan payables to changes in the EONIA interest rate is that a 0.5% increase/decrease of the interest rate will result in an increase/ decrease of the interest income by €1.3 million (2016: €1.0 million). The €84.7 million loan payable to Euronext Technologies Holdings S.A.S. has no maturity and is repayable at lender’s or borrower’s request upon 48 hours’ notice. The interest is EURIBOR 3 months plus 0.125% payable annually on two loans. The sensitivity of the related party loan payables to changes in the EURIBOR interest rate is that a 0.5% increase/decrease of the interest rate will result in

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2017 REGISTRATION DOCUMENT