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

Maximum exposure to credit risk concerning receivables and loans on the closing date, broken down by customers, is as follows:

As at 31 Dec. 2021

As at 31 Dec. 2020

(in millions of euros)

Air France

105

96

Easy Jet

7

1

Federal Express Corporation

23

20

Turkish Airlines Other airlines Subtotal airlines

6

4

31

24

172 320

145 135

Direction Générale de l’Aviation Civile 1

ATU

-

-

Other trade receivables

335 373

287 524

Other loans and receivables less than one year

TOTAL LOANS AND RECEIVABLES LESS THAN ONE YEAR

1,200

1,091

1 The payment of Agence France Trésor is presented as a liability for an amount of €241 million.

The anteriority of current receivables is as follows:

As at 31 Dec. 2021

Gross value

Net value

(in millions of euros)

Outstanding receivables

1,065

1,059

Due receivables:

from 1 to 30 days from 31 to 90 days from 91 to 180 days from 181 to 360 days more than 360 days

55 25

55 24

18 21

17 13

137

32

CURRENT LOANS AND RECEIVABLES (ACCORDING TO THE SCHEDULE - SEE § LIQUIDITY RISKS)

1,321

1,200

The development of trade receivables is detailed in note 4.4.

FINANCIAL INSTRUMENTS COMPENSATION Derivatives contracts of the Group may include a compensation right if specific events occur such as a change in control or a credit event.

However, these contracts do not include any comprehensive compensation agreement conferring a legally enforceable right to compensate the financial instruments, nor collateralization agreement.

The following table presents the book value of the assets and liabilities derivatives and the impact of the compensation agreement mentioned above, as of 31 December 2021:

Effect of “other offsetting agreements” (that do not meet the offsetting criteria of IAS 32) (d)

Net amounts presented in the statement of financial position (c) = (a) - (b)

Amounts that are set off in the statement of financial position (b)

Gross amounts recognised before offsetting (a)

Net exposure (c) - (d)

Financial instruments

Collateral fair value

(in millions of euros)

Derivatives: interest rate swap Derivatives: currency swap

- -

- -

- -

- -

- -

- -

TOTAL FINANCIAL ASSETS - DERIVATIVES

-

- - -

-

- - -

- - -

-

Derivatives: interest rate swap Derivatives: currency swap

(38)

(38)

(38)

-

-

-

TOTAL FINANCIAL LIABILITIES - DERIVATIVES

(38)

-

(38)

-

-

(38)

348

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