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

6.4 Impairment of intangible, tangible and investment properties

Intangible assets, property, plant and equipment and investment properties are tested for impairment when the Group identifies indices of impairment. For intangible assets with an indefinite useful life, a test is performed at least once a year and whenever an indication of impairment appears. For land that is assumed non-depreciable, it is tested for impairment if there is an indication of impairment. Intangible assets, property, plant and equipment and investment properties are tested at the level of the relevant asset group (isolated asset or Cash Generating Unit – CGU) determined in accordance with the requirements of IAS 36. In the case where the recoverable amount is less than net book value, an impairment loss is recognized for the difference between these two amounts. The recognition of an impairment loss results in a review of the base and the schedule of amortization/depreciation of the assets concerned.

In accordance with IAS 36, the criteria used to assess impairment indicators may include underperformance, a decrease in traffic, a significant change in market data or the regulatory environment, or obsolescence or material deterioration not initially foreseen in the amortization/depreciation plan. Impairment losses on property, plant and equipment or intangible assets may be reversed later if the recoverable amount becomes higher than the net book value. The value of the asset after reversal of the impairment loss is capped at the carrying amount that would have been determined net of amortization if no impairment loss had been recognized in prior years. The Group did not recognize any significant impairment losses on its property, plant and equipment (see note 6.2) and intangible assets (see note 6.1).

NOTE 7 EQUITY AND EARNINGS PER SHARE

7.1 Equity Equity breaks down as follows:

Non- controlling interests

Group share 4,577

Share capital

Share premium

Treasury shares

Retained earnings Other equity items

Total

(in millions of euros)

As at 31 Dec. 2017

297

543

-

3,834

(97)

857 5,434

7.1.1 Share capital Aéroports de Paris SA’ aggregate share capital amounts to €296,881,806 divided into 98,960,602 fully paid shares of €3 each, which were not subject to any change during the financial year 2017. The share capital is accompanied by a share premiumof 542,747 thousands of euros pertaining to the issuance of shares in 2006.

7.1.2 Treasury shares

Treasury shares held by the Group are booked as a deduction from equity at their cost of acquisition. Any gains or losses connected with the purchase, sale or cancellation of treasury shares are recognised directly in equity without affecting the income statement. Over the period, Aéroports de Paris SA transferred 105,516 shares in respect of the bonus share allocation component of the employee share ownership plan decided in 2015. In addition, as part of its liquidity contract and in accordance with the authorization given by the shareholders at the ordinary general meeting of 11 May 2017, during the period, the company repurchased 124,529 shares and sold 119,529 shares. Thus, the number of treasury shares that was nil as at 31 December 2016 is also nil as at 31 December 2017 under this contract.

20

7.1.3 Other equity items Other equity items break down as follows:

As at 1 Jan. 2017

As at 31 Dec. 2017

As at 1 Jan. 2016

Comprehensive income – 2016

As at 31 Dec. 2016

Comprehensive income – 2017

(in millions of euros)

Translation adjustments Actuarial gain/(loss)*

3

1

4

4

(14)

(10) (84)

(84)

(10)

(94)

(94)

10

Fair value reserve

-

5

5

5

(8)

(3)

TOTAL

(81)

(4)

(85)

(85)

(12)

(97)

* Cumulative losses on variances, net of deferred tax.

197

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017