ADP_REGISTRATION_DOCUMENT_2017

10

EQUITY AND CASH FLOWS AFR

10.1 SHAREHOLDER EQUITY

101

10.3 INDEBTEDNESS

103

10.2 CASH FLOW

101 102 102 102

10.4 FINANCIAL RISK MANAGEMENT

103

Cash flows from operating activities Cash flow from investing activities Cash flow from financing activities

10.5 GROUP COMMITMENTS

103 103 103 103

Investment commitments

Off-balance sheet commitments Employee benefit obligation

10.1 SHAREHOLDER EQUITY

Group shareholders’ equity was €4,577 million at 31 December 2017 compared with €4,284 million at 31 December 2016. The main changes in 2017 stem from the €136 million increase in 2017 net income, to €571 million and the distribution of a dividend for 2016 of €2.64 per share, or €261 million, corresponding to a net income distribution rate of 60%.

10.2 CASH FLOW

2017 1,270 (888) (114) 254 1,656 1,910

2016

(in millions of euros)

Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities

875

(624) (327) (76) 1,732 1,656

Change in cash flow

Cash at opening Cash at closing

101

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017