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

12.2.2 Cash flows from investing activities Acquisition of subsidiaries and associates (net of acquired cash)

2017

2016

(in millions of euros)

Proceeds from sale of subsidiaries (net of cash sold) and investments Acquisitions of subsidiaries and investments (net of cash acquired) In 2017, the flow related to acquisition of investments is mainly due to investments in financial funds by the parent company and by capital called unpaid. In 2016, the flow related to acquisition of investments is

21

71

20

(20)

mainly due to the acquisition by ADP International of the Chilean company Nuevo Pudahuel.

Purchase of property, plant & equipment and intangible assets The amount of purchase of property, plant and equipment and intangible assets is broken down in the table below:

2017 (32) (847)

Notes

2016

(in millions of euros)

Purchase of intangible assets

6 6

(25)

Purchase of property, plant and equipment

(767)

PURCHASE OF PROPERTY, PLANT, EQUIPMENT AND INTANGIBLE ASSETS

(879)

(792)

Details of this expenditure are as follows:

2017 (232) (256) (95) (126)

2016

(in millions of euros)

Renovation and quality Increases in capacity

(255) (220) (90) (122) (69) (26)

Cost of studies and supervision of works (FEST)

Real estate development

Restructuring

(81) (55) (34)

Security Other TOTAL

(10)

(879)

(792)

Major projects carried out by Aéroports de Paris SA during the period concern: ◆ investments at Paris-Charles de Gaulle Airport mainly related to: ◆ further work to set up a system of conveying, handling and increasing luggage security under satellites S3 and S4 of terminal 2E, ◆ renovation of terminal 2B and its junction with the terminal 2D, ◆ completion of construction of the new headquarters office, ◆ the acquisition of the northern part of the office building “le Dôme” at Roissypôle, ◆ construction works related to the upgrade to the standards of rainwater systems, ◆ work for international satellites junction in terminal 1, ◆ move of the taxi rear base, ◆ renovation works on the RER station at Roissypôle,

◆ the reworks of the terminal 1 satellites façades, ◆ the redesign of the hall K retail shops in terminal 1, ◆ hotel arrangements in West Roissypôle area, ◆ the reorganization of the secondary road network in Roissypôle area; ◆ investments at Paris-Orly Airport mainly related to: ◆ further work of construction for the junction building between the South and West terminals, ◆ restructuring work of international departure security checks at the South terminal, ◆ expansion works on Golf areas and compliance upgrade of LGN- LIS turn, ◆ the extension of the hall 1 of terminal west in paris-Orly, ◆ the second phase of the airstrip 4 renovation, ◆ construction of additional boarding gates in Hall A of South terminal,

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017