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
Report to the Audit and Risk Committee We submit a report to the Audit and Risk Committee which includes in particular a description of the scope of the audit and the audit program implemented, as well as significant audit findings. We also report, if any, significant deficiencies in internal control regarding the accounting and financial reporting procedures that we have identified. Our report to the Audit and Risk Committee includes the risks of material misstatement that, in our professional judgment, were of most significance in the audit of the financial statements of the current period and which
are therefore the key audit matters that we are required to describe in this report. We also provide the Audit and Risk Committee with the declaration provided for in Article 6 of Regulation (EU) N° 537/2014, confirming our independence within the meaning of the rules applicable in France such as they are set in particular by Articles L. 822-10 to L. 822-14 of the French Commercial Code (Code de commerce) and in the French Code of Ethics (Code de déontologie) for statutory auditors. Where appropriate, we discuss with the Audit and Risk Committee the risks that may reasonably be thought to bear on our independence, and the related safeguards.
Neuilly-sur-Seine and Paris-La Défense, March 6, 2018 The Statutory Auditors French original signed by
Deloitte & Associés
ERNST & YOUNG Audit
Christophe Patrier
Olivier Broissand
Jacques Pierres
Alban de Claverie
20.5 PRO FORMA FINANCIAL DATA
20.5.1 Groupe ADP’s pro forma financial statements as of 31 december 2017
Groupe ADP accounts including TAV Airports’ H1 results (historical data)
Pro forma accounts for Groupe ADP
Pro forma adjustments
Groupe ADP (in millions d’euros)
Revenue EBITDA
4,138 1,767
(1) (1)
4,137 1,766 1,093
Operating income from ordinary activities
1,181
(89) (89)
Operating income
1,204 (229)
1,115
Financial result
1
(228)
20
Income before tax
976 684 603
(88) (71) (32)
889 614
Net income
Net income attributable to the Group
571
This pro forma income statement has been prepared for the sole purpose of illustrating the effect of acquiring control of the company TAV Havalimanları Holding A.Ş. (“TAV Airports”) on 7 July 2017 could have had on the consolidated income statement for the financial year ended 31 December 2017 of the company Aéroports de Paris, if the transaction had taken place with effect from 1 January 2017. This pro forma financial data has been prepared based on the following information: ◆ the audited historical data of Groupe ADP for the 2017 financial year as published and including that of TAV Airports fully integrated from the date of acquisition (7 July to 31 December 2017); ◆ the historical data from 1 January to 6 July 2017 of TAV Airports;
◆ the pro forma adjustments including (i) impairment of the intangible assets at fair value as of 7 July 2017 (namely the intangible asset represented by the concession for Istanbul Atatürk, airport operating rights and the contractual relatinship with certain customers), on the assumption that the amounts in question would have been determined using the same method at 1 January 2017, and (ii) the share of income from TAV restated by the equity method for H1. The impact on the financial result of an acquisition taking place on 1 January 2017 was deemed immaterial. The transaction is described in Note 2.1 to the consolidated financial statements presented in Section 20.1.
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AÉROPORTS DE PARIS REGISTRATION DOCUMENT 2017
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