ADP_REGISTRATION_DOCUMENT_2017

FINANCIALINFORMATIONONTHEASSETS,FINANCIALPOSITIONANDCONSOLIDATEDFINANCIALSTATEMENTSAT31DECEMBER2017 20 COMPANY FINANCIAL STATEMENTS AND NOTES OF AÉROPORTS DE PARIS SA AT 31 DECEMBER 2017

5.7 Employee benefit costs

2017 (381) (165)

2016

(in millions of euros)

Salaries

(380) (165)

Social security expenses

Profit-sharing bonus

(13) (19)

(14) (18)

Works Council

Tax credit for competitivity and employment

4

4

Other employee expenses EMPLOYEE BENEFIT COSTS

(17)

(12)

(590)

(585)

Employee benefit costs amounted to €590 million as of 31 December 2017 and are on the rise (-€5 million) compared to last year. The decrease in average headcount of -0.6% resulted in a decrease in employee benefit costs by approximately -€2.4 million.

Other employee expenses include the PEE/PERCO contributions and meals for employees of Aéroport de Paris outside the restaurants managed by the employee committee. The contributions were up by €3 million in 2017 compared to 2016, due in part to the employee share scheme, Agatha, which were recorded as exceptional charges.

5.8 Operating depreciations, amortisations and reversals

2017

2016

Additions

Reversals

Additions

Reversals

(in millions of euros)

Intangible assets

(19)

- - -

(14)

- - -

Property, plant and equipment

(420) (439)

(398) (412)

Depreciation and Amortisation of fixed assets

Provisions for risks

(11)

17 18

(8)

11

Provisions for expenses

(24) (36)

(33) (41)

19

Provisions for liabilities and expenses Trade receivables and related accounts

35

30

(3) (3)

6 6

(2) (2)

16 16

Depreciation of receivables Transfer of operating charges

-

1

-

1

TOTAL

(477)

42

(471)

46

Provisions for risks and charges amount to €36 million, including, in particular provisions for commitments linked to retirement benefit schemes of €22 million.

The amount of reversals of provisions for doubtful and contested receivables amount to €6 million. At the same time, doubtful receivables are entered as a loss amounting to €5 million.

5.9 Income tax expenses Break down of tax

Net income excluding profit sharing

Income before tax

Taxes (233)

(in millions of euros)

Current result

771

538 (14)

Extraordinary income

(20)

6 4

Tax consolidation revenue

-

4

TOTAL (EXCLUDING PROFIT SHARING)

751

(223)

528

Aéroports de Paris does not recognise deferred tax in its statutory financial statements.

246

AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017