ANTIN // 2021 Universal Registration Document

OPERATING AND FINANCIAL REVIEW FOR THE YEAR 2021 5 Analysis of the consolidated financial statements

5.4.3 Analysis of the Consolidated Balance Sheet

Principal changes in the Consolidated Balance Sheet in 2021 The following table presents the principal changes that took place in the Consolidated Balance Sheet in 2021. In order to improve the readability of the consolidated statement of financial position, certain line items of a similar nature have been combined.

31-Dec-2021

31-Dec-2020

(€k)

ASSETS Non-current assets Property, equipment and intangible assets

5,827

1,394

Right-of-use assets Financial assets

31,016 34,816 25,202 96,861 29,332 392,558 421,890 518,751

20,313 19,448 20,762 61,917 44,149 14,016 58,165 120,082

Deferred tax assets and other non--current assets

Total non-current assets Current assets Other current assets Cash and cash equivalents

Total current assets

TOTAL ASSETS

EQUITY AND LIABILITIES Total equity

447,742

37,872

Liabilities Non-current liabilities Borrowings and financial liabilities

-

26,303 20,443

Lease liabilities

31,380

Employee benefit liabilities

580

984

Deferred tax liabilities

5,867

5,222

Total non-current liabilities

37,827

52,952

Current liabilities Borrowings and financial liabilities

-

67

Lease liabilities

3,332

1,839

Other current liabilities Total current liabilities

29,850 33,182 71,009 518,751

27,352 29,258 82,210 120,082

TOTAL LIABILITIES

TOTAL EQUITY AND LIABILITIES

Total assets as of 31 December 2021 amounted to €518.8 million, compared to €120.1 million as of 31 December 2020, a substantial increase of €398.7 million which is primarily due to the primary funds raised as part of the IPO. Significant change in financial position To the Company’s knowledge, there has been no material change in the Company’s financial position since 31 December 2021 other than those described in this Universal Registration Document.

126 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021