ADP // 2021 Universal Registration Document

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2021

9.3 Net financial income

realized and unrealized result on foreign exchange and interest rate derivatives carried by Groupe ADP, whether or not they are documented in hedge accounting. Net financial income also include unwinding of discount on concession rent payable and impairment of loans granted to associates.

Net financial income include interest payable on borrowings, calculated using the effective interest rate method, interest receivable on investments, interests on the employee benefit liability relating to defined benefit plans and gains and losses on foreign exchange and on hedging instruments which are recognized in the income statement. As such, it includes the

The analysis of net financial income is as follows respectively for 2021 and 2020:

Net Financial income 2021

Financial income

Financial expenses

(in millions of euros)

Gross interest expenses on debt

- -

(248)

(248)

Interest expenses linked to lease obligations

(5)

(5)

Net income (expense) on derivatives

11

(38)

(27)

Cost of gross debt

11

(291)

(280)

Income from cash and cash equivalents

5

(10)

(5)

Cost of net debt

16 21

(301)

(285)

Income from non-consolidated investments

-

21 10

Net foreign exchange gains (losses)

173

(163) (50)

6

Impairment and provisions

1

(49)

Other

182 377 393

(97)

85 67

Other financial income and expenses

(310) (611)

Net financial income

(218)

Financial income

Financial expenses

Net Financial income 2020

(in millions of euros)

Gross interest expenses on debt

- -

(242)

(242)

Interest expenses linked to lease obligations

(5)

(5) (3)

Net income (expense) on derivatives

11

(14)

Cost of gross debt

11

(261)

(250)

Income from cash and cash equivalents

6

(6)

-

Cost of net debt

17 15

(267)

(250)

Income from non-consolidated investments

-

15

Net foreign exchange gains (losses)

110

(143) (130)

(33)

Impairment and provisions

-

(130)

Other

49

(41)

8

Other financial income and expenses

174 191

(314) (581)

(140) (390)

Net financial income

335

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