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

11.4 Deferred tax assets and liabilities broken down by category Deferred tax assets and liabilities are presented on the balance sheet as follows:

As at 31 Dec. 2021

As at 31 Dec. 2020

(in millions of euros)

In respect of deductible temporary differences Employee benefit obligation Tax loss carryforward - tax consolidation group

167

171

45

160

Tax loss carryforward - other entities Provisions and accrued liabilities

16

16 16

6 6

Derivatives

8

Investment incentives

10

16

Lease obligations

11

11

Other

64

85

For taxable temporary differences Accelerated tax depreciation and other regulated provisions Property and equipment, airport operation rights and intangible assets

(333) (110) (92)

(314) (101)

Purchase Price Allocation Revaluation reserves Loans and borrowings

(47)

-

(7) (9) (2)

(7)

Finance leases

-

Other

(57)

(46) (43)

NET DEFERRED TAX ASSETS (LIABILITIES)

(274)

In 31 December 2021, the Group recognizes deferred tax assets in respect of tax loss carryforwards generated from the French tax consolidation, i.e. €45 million of deferred tax assets based on a corporate tax rate of 25.83%. The Group considers that these tax losses will be offset against the expected profits for 2022 and subsequent years.

11.5 Table of changes in deferred tax assets and liabilities Deferred tax assets and liabilities evolved as follows between the beginning and the end of the period:

Net amount

Assets

Liabilities

(in millions of euros)

As at 1 January 2021

46

89

(43)

Amount recognized directly through equity on employee benefit obligations Amount recognized directly through equity on fair value change

-

9

(9)

(2)

(1) 141

(1)

Amounts recognized for the period

(16)

(157)

Translation adjustments

(2)

14

(16)

Changes in consolidation scope

-

48

(48)

As at 31 December 2021

26

300

(274)

The amounts of deferred tax assets and liabilities are presented net for each taxable entity (IAS 12.74).

352

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