ADP_REGISTRATION_DOCUMENT_2017

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2017

Gains and losses by category of financial instruments are as follows:

2017 (127) (126)

2016 (107)

(in millions of euros)

Income, expenses, profits and loss on debt at amortised cost

Interest charges on debt at amortised cost

(113)

Net interest on derivative instruments held as cash-flow hedges Net interest on derivative instruments held as fair value hedges

(6)

-

4

4

Change in value of fair value hedging instruments

(56)

(3)

Change in value of hedged items

57

5

Gains and losses of financial instruments recognized at fair value in the income statement

7 7

1 1

Gains on cash equivalents (fair value option)

Gains realized and unrealized on derivative instruments not classified as fair value hedges (trading derivatives)

-

- 1

Profits and losses on assets held for sale

(9)

Gains (losses) on disposal Net allowances to provisions

-

(1)

(9)

2

Other profits and losses on loans, credits and debts and amortised cost

(42) (27)

(1) (1)

Net foreign exchange gains (losses)

Other net profit

(15) (8)

-

Financial allowances to provisions for employee benefit obligations Financial allowances to provisions for employee benefit obligations TOTAL NET GAINS (NET LOSSES) RECOGNIZED IN THE INCOME STATEMENT

(9) (9)

(8)

(179)

(115)

9.4 Financial debt

Bond issues and other interest-bearing liabilities are initially recognized at their fair value, which corresponds to the amount received, less attributable transaction costs, such as issue premiums and expenses. Subsequently, the debt is recognized according to the method of the amortised cost using the effective interest rate of the instrument. The effective rate corresponds to the rate that enables to obtain the booked value of a bond at its initial date, when discounting future cash flows related to the instrument.

Similarly, trade payables are recognized at their fair value at the date of their initial recognition. They are subsequently recognized at the amortised cost. Financial debts with maturities greater than one year are recognized as non-current debt. Financial debts due for repayment within less than one year are recognized as current debt.

202

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017