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

4.9.2 Impairment tests on investments in associates and joint ventures Investments in associates are tested for impairment when the Group identifies one or more indices of impairment likely to have an impact on the future estimated cash flows from these associates. An impairment loss is recognized if the recoverable value of the investment falls below its carrying value.

In 2017, the Group recognized a provision for depreciation of international investment of €46 million (in 2016, another provision for depreciation of international investment was recognized for €45 million).

4.9.3 Breakdown of balance sheet amounts The amounts relating to holdings entered in line with the equity method can be analysed as follows:

As at 31 Dec. 2017

As at 31 Dec. 2016

(in millions of euros)

International and airport developments

654

1,071

Retail and services

10 10

10

Real estate

9

Other activities

1

-

TOTAL ACTIVITIES FROM OPERATING ASSOCIATES TOTAL ACTIVITIES FROM NON-OPERATING ASSOCIATES

675

1,090

11

11

TOTAL INVESTMENT IN ASSOCIATES

686

1,101

The definitive goodwill included within the shares consolidated under the equity method above amounts to: ◆ €120 million for Schiphol; ◆ €3 million for Hub Safe. 4.9.4 Changes in share of net assets Changes in the Group’s share of the net asset value of associates and joint ventures at the beginning and ending of the periods are as follows:

Share of net profit (loss)

Change in translation adjustment reserves

Net amount as at 31 Dec. 2017

Change in other reserves and reclassifications

Subscription of share capital

Change in consolidation scope

Net amount as at 1 Jan, 2017

Dividends paid 1

for the period

(in millions of euros)

International and airport developments Retail and services

1,071

77

(489)

4

(6)

33

(36)

654

10

3

- - 1

- - -

- - -

-

(3)

10 10

Real estate

9

(2)

(12)

15

Other activities

-

-

-

-

1

TOTAL ACTIVITIES FROM OPERATING ASSOCIATES TOTAL ACTIVITIES FROM NON-OPERATING ASSOCIATES TOTAL INVESTMENT IN ASSOCIATES

20

1,090

78

(488)

4

(6)

21

(24)

675

11

-

8

-

-

(6)

(2)

11

1,101

78

(480)

4

(6)

15

(26)

686

1 Including the results of tax-transparent real estate companies.

183

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017