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

11.2 Analysis of the income tax expense Within the income statement, the income tax expense is detailed as follows:

2017 (267)

2016

(in millions of euros)

Current tax expense Deferred tax expense INCOME TAX EXPENSE

(225)

7

23

(260)

(202)

These amounts do not include income tax on profit/loss associates and joint ventures, the amounts that appear for these items on the appropriate line of the income statement being net of income tax. 11.3 Tax reconciliation The reconciliation between the theoretical income tax based on the tax rate applicable in France and the effective income tax is as follows:

2017

2016

(in millions of euros)

Net income after tax

614

438

Share of profit or loss from associates and joint ventures 1

(79) 260 795

44

Income tax expense

202 684

Income before tax and profit/loss of associates

Theoretical tax rate applicable in France

34.43%

34.43%

Theoretical tax expense

(274)

(236)

Impact on theoretical tax of:  Different rate on foreign taxable income and payment at source

12

5

 Extraordinary contribution of 15% on the tax rate

(32)

- -

 Income receivable related to the cancellation of the 3% dividend contribution

24

 Additional tax on dividends

(6)

(8)

 Tax losses incurred in the period for which no deferred tax asset was recognized

(1) 26

(1) 29

 Evolution of tax rates 1

 Changes in unrecognized temporary differences  Non-deductible expenses and non-taxable revenue

1

-

(16)

5 4

 Tax credits

5

 Adjustments for prior periods

1

-

Effective tax expense

(260)

(202)

Effective tax rate

32.65%

29.44%

20

1 Impact due to the reduction of the tax rate from 2020 voted in the budget law at the end of December 2017

215

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017