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

Financial covenants In addition to the remark related to TAV Tunisia detailed in note 9.4.1, financing agreements linked to concessions operated by TAV Istanbul, TAV Esenboga and TAV Macedonia also include early repayment clauses

in case of non-compliance with financial ratios. These contracts account for 4.40% of the total bank loans of the Group as at 31 December 2017. For these contracts, ratios were all met at 31 December 2017. The maturity schedule of loans and receivables is as follows:

As at 31 Dec. 2017

0 -1 year

1 -5 years

Over 5 years

(in millions of euros)

Receivables and current accounts from associates

90

39

3

48

Other receivables and accrued interest related to investments

13 12

9 4 4

-

4

Loans and security deposits

7

1

Receivables, as lessor, in respect of finance leases

147

24

119

Receivables from asset disposals

1

1

-

-

Other financial assets Trade receivables Other receivables 1 Loans and receivables

305

188 641

102

15

641

- -

- -

161

161

1,370

1,047

136

187

1 Other receivables exclude all accounts which do not constitute, within the terms of IAS 32, contractual rights, such as tax and social security receivables.

CREDIT RISKS

Credit risk represents the risk of financial loss to the Group in the case where a customer or counter-party to a financial instrument failing to meet its contractual obligations. This risk essentially results from customer debts and investment securities.

The book value of financial assets represents the maximum exposure to credit risk. This maximum exposure to credit risk on the closing date is as follows:

As at 31 Dec. 2017

As at 31 Dec. 2016

(in millions of euros)

Available-for-sale financial assets

29 27

19

Financial assets recognized at fair value through the income statement

35

Loans and receivables less than one year Loans and receivables more than one year

1,045 324 1,912

658

75

Cash and cash equivalents

1,657

Interest rate swaps held for hedging purposes

-

56

TOTAL

3,337

2,500

Maximum exposure to credit risk concerning receivables and loans on the closing date, broken down by customers, is as follows:

20

As at 31 Dec. 2017

As at 31 Dec. 2016

(in millions of euros)

Air France

104

121

Easy Jet

7 9

9 6

Federal Express Corporation

Turkish Airlines Other airlines Subtotal airlines

29

-

109 258

77

213

Direction Générale de l’Aviation Civile Société de Distribution Aéroportuaire

62 33

92 43

ATU

7

-

Other trade receivables

281

200

Other loans and receivables less than one year

404

110

TOTAL LOANS AND RECEIVABLES LESS THAN ONE YEAR

1,045

658

211

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017