ADP_REGISTRATION_DOCUMENT_2017
FINANCIAL INFORMATION ON ASSETS, FINANCIAL POSITION AND RESULTS
RESEARCH AND DEVELOPMENT, PATENTS AND LICENCES
INFORMATION CONCERNING TRENDS
PROFIT FORECASTS
ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES
COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES
SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION
MAIN SHAREHOLDERS
OPERATIONS WITH RELATED PARTIES
◆ Area allocation income: Area allocation income is recognized by the issuance of monthly invoices based on the contracts made for allocated areas in the terminal; ◆ Catering services income: Catering services income is recognized when services are provided; ◆ Commission: TAV Airport subcontracts the right to operate certain duty free operations and the catering services to third parties. The third parties pay TAV Airports a specified percentage of their sales for the right to operate these concessions. The commission revenue is recognized based on the sales reports provided from the subcontractor entities in every 2 to 3 days; ◆ Other revenue of TAV Airports (ground handling services, bus and car parking operations, airline taxi services, software and system sales) are recognized when services are provided or goods are delivered. The revenue of TAV Airports also includes the actuarial gains related to the financial asset of TAV Esenboga (Ankara) recognised pursuant to IFRIC Interpretation 12 (see note 6.1.1).
◆ ADP Ingénierie : revenues of this subsidiary are realized in connection with its airport design missions, consultancy services, assistance to the project owner and prime contractor. These services are mainly carried out internationally over periods covering several months and/or years. Revenues from these long-term contracts are accounted by using the percentage-of- completion method. ◆ ADP International ’s revenues are mainly related to its international airport management activity and directors’ fees related to investments in airport companies. Other activities sector Revenue from this sector comprises mostly revenue generated by the subgroups Hub Safe (until end of September 2017 – see note 2) and Hub One described below: ◆ Hub One offers telecom operator services, as well as traceability and mobility solutions of goods with its subsidiary Hub One Mobility; ◆ Hub Safe provides services in airport security. Its main non group customer is the airport of Nantes Atlantique, through its subsidiary Hub Safe Nantes. 5.
The breakdown of the Group’s revenue per operating sector after eliminations is as follows:
2017
International and airport developments
Other activities
Retail and services Real estate
Aviation
(in millions of euros)
Airport fees Ancillary fees
1,055
-
- - -
203
- - - - - - -
230 487
7
4
Revenue from airport safety and security services
-
-
Retail activities
- - -
459 171 40 107
2
225
Car parks and access roads Industrial services revenue
- -
15
3
Rental income Other revenue
14
197
22
26
23
-
190
124
Operating financial revenue
-
-
9
4
-
TOTAL
1,812
807
208
666
124
20
2016
International and airport developments
Other activities
Retail and services Real estate
Aviation
(in millions of euros)
Airport fees Ancillary fees
1,003
-
- - -
- - - - - - -
- - - - - - -
220 480
6
Revenue from airport safety and security services
-
Retail activities
- - -
449 174 40 106
2
Car parks and access roads Industrial services revenue
- -
Rental income Other revenue
14
205
28
15
1
83
118
Operating financial revenue
-
-
3
-
-
TOTAL
1,745
790
211
83
118
177
AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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