ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

Note 11 Property, plant and equipment

ACCOUNTING PRINCIPLES Reference: IAS 16 – IAS 36 Property, plant and equipment

Assets under development Property, plant and equipment that is not ready for use is recorded as a fixed asset under development. It will be depreciated from when it becomes available for use. This relates primarily to office refurbishments. Depreciation Property, plant and equipment is depreciated over the estimated useful life using the straight-line method. The useful life is estimated as follows: 3 furniture: 7-9 years;

Property, plant and equipment includes primarily office furniture, IT equipment and other fixed assets. Property, plant and equipment assets are assets measured at cost less accumulated depreciation and impairments. The cost includes the purchase price of the asset as well as expenditures directly attributable to put the asset in place. Gains or losses arising from disposal of an asset consist of the difference between the sales price and the asset’s carrying amount less the cost of disposal. Gains and losses are recognised as other operating income/expense. Subsequent expenditure Subsequent expenditures are capitalised only if it is probable that future economic benefits associated with the asset will flow to the Group and the cost can be measured reliably. All other subsequent expenditures are recognised as expenses in the period they arise. Repairs are expensed on an ongoing basis.

3 computer equipment: 3-4 years; 3 leasehold improvements: 4-5 years. Impairment

An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit or groups of cash-generating units, exceeds its recoverable amount. The recoverable amount is the higher of the value in use and the fair value less cost of disposal. Impairment tests are performed as soon as any indication of impairment losses arise for individual assets or cash-generating units.

Leashold improvements and furnitures

Under development

Total

(in €k)

COST At 31-Dec-2019

6,968

14 11

6,982

74 14

85

Additions Disposals

(14)

-

Translation difference

(155) 6,900 4,628

-

(155) 6,912 5,206

At 31-Dec-2020

12

579

Additions Disposals

124 145

(135)

(12) 161

Translation difference

15

At 31-Dec-2021

11,797

470

12,267

ACCUMULATED DEPRECIATION AND IMPAIRMENT At 31-Dec-2019

(4,415) (1,146)

- - - - - - - - - - -

(4,415) (1,146)

Depreciation

Accumulated depreciation on disposals

- -

- -

Impairment loss

Translation difference

35

35

At 31-Dec-2020 Depreciation

(5,525)

(5,525)

(838)

(838)

Accumulated depreciation on disposals

- -

- -

Impairment loss

Translation difference

(77)

(77)

At 31-Dec-2021

(6,441)

(6,441)

CARRYING AMOUNT At 31-Dec-2020

1,375 5,356

12

1,387 5,827

At 31-Dec-2021

470

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