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

NOTE 12 CASH AND CASH EQUIVALENTS AND CASH FLOWS

12.1 Cash and cash equivalents

Cash and cash equivalents comprise current accounts at banks and short-term liquid investments subject to negligible risks of fluctuations of value. Cash equivalents consist essentially of money market funds. Bank overdrafts are not included in cash and are reported under current financial liabilities. “Cash management financial assets” comprises units in UCITS, made with a short-termmanagement objective, satisfying the IAS 7 criteria for recognition as cash.

Cash and cash equivalents break down as follows:

As at 31 Dec. 2017

As at 31 Dec. 2016

(in millions of euros)

Marketable securities

1,404

1,556

Cash 1

508

101 (1)

Bank overdrafts 2

(2)

CASH AND CASH EQUIVALENTS

1,910

1,656

1 Including €22 million of cash dedicated to aid to local residents funding collected through the tax on airborne noise nuisances (TNSA). 2 Included in Current liabilities under debt.

As part of its cash management, Groupe ADP has mainly invested in euro-denominated UCITS. Cash and short-term cash equivalents for the Group include the bank accounts of certain subsidiaries for which repatriation conditions are 12.2 Cash flows 12.2.1 Cash flows from operating activities Income and expense with no impact on net cash

complex in the short term for mainly regulatory reasons (€2 million at 31 December 2017).

2017

2016

(in millions of euros)

Depreciation, amortisation and impairment losses (excluding current assets)

616

471

Profit/loss of associates from operating activities

(78) (89)

52

Net gains on disposals

(34)

Other

11

(5)

INCOME AND EXPENSE WITH NO IMPACT ON NET CASH

460

484

20

The net gains on disposals mainly relate to the profit linked to the cargo hub buildings and the disposal of 80% of the subsidiary Hub Safe (see note 2). Change in working capital

2017

2016

(in millions of euros)

Inventories

3

(7)

Trade and other receivables Trade and other payables Change in working capital

160

(53) (17) (77)

(49)

114

217

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017