ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON 6 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

Mortality assumptions used are those defined by: ◆ mortality tables of men/women INSEE prospective 2007-2060 on the service period of beneficiaries; and ◆ generational tables of men/women TGH05-TGF-05 on the annuity phase.

For the rates used in France: The rate used for discounting the commitment is representative of the rate of return for first-class bonds in euros with duration comparable to those of the commitments involved (weighted average duration of 12.0 years).

The table below shows the sensitivity of the commitment to the main actuarial assumptions

Impact on present value of obligation at 31/12/2021

Impact on present value of obligation at 31/12/2021

High assumption

Low assumption

(in millions of euros)

Drift in medical costs

-1.00% -0.50% -1 year -0.50%

(4)

1.00% 0.50% +1 year 0.50%

4

Discount rate / Expected rate of return on plan assets

24

(22)

Mortality rate

4

(4)

Salary escalation rate (inflation included)

(17)

18

Impact on present value of obligation at 31/12/2020

Impact on present value of obligation at 31/12/2020

High assumption

Low assumption

(in millions of euros)

Drift in medical costs

-1.00% -0.50% -1 year -0.50%

(5)

1.00% 0.50% +1 year 0.50%

5

Discount rate / Expected rate of return on plan assets

24

(22)

Mortality rate

4

(4)

Salary escalation rate (inflation included)

(17)

18

5.4 Provisions for employee benefit commitments on the balance sheet Provisions for employee benefit obligations have evolved as follows on the liabilities of the balance sheet:

2021

2020

(in millions of euros)

Provisions as at 1 January

748

525 362

Increases

65

Operating allowances Financial allowances

31

35

3

5

Provision for non-reccurring items

31

313

Increase due to changes in consolidation scope

- -

-

Recognition of actuarial net losses

9

Decreases

(159) (73) (31) (48)

(139)

Provisions used

(17)

Recognition of actuarial net gains

-

Reduction/curtailment

(115)

Recognition of actuarial net losses

-

-

Other changes

(7)

(7)

Provisions at 31 December

654

748 644

Non-current portion

513

Current portion

141

104

5.4.1 Best estimate of the contributions to be paid The amount of contributions that the Group believes will need to be paid for the defined benefits plans on the assets side in 2021 is not significant.

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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 202 1