ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

Note 17 Prepaid expenses and accrued income 17.1 Prepaid expenses

31-Dec-2021

31-Dec-2020

(in €k)

668 201 230

772 188 138 118

Tax

Professional Membership Insurance and others

31

Rent

656 715

- -

Fees and Others

TOTAL PREPAID EXPENSES

2,501

1,216

17.2 Accrued income

ACCOUNTING PRINCIPLES Antin presents accrued income, reported as contract assets, separately related to management fees and related to carried interest. Contract assets related to management fees arise primarily from timing differences between the time

of generating the revenue and payment. Timing differences mainly occur at the beginning of the life of a fund and before the final closing of a fund.

Specifications of changes in contract assets related to carried interest

31-Dec-2021

31-Dec-2020

(in €k)

Opening balance

12,882

462

140

1,259

Revenue recognised during the period

Realisation of carried interest

(472)

-

Acquisition/(Transfer of commitment) Closing balance of accrued income

(6,999)

11,161 12,882

5,552

Acquisition/(transfer of commitment) of (€7.0) million recognised in 2021 comprises the acquisition of investments in the Carry Vehicle for Mid Cap Fund I and Fund III-B for €1.7 million and the transfer of commitment in the Carry Vehicle for Fund III-B, Flagship Fund III and Flagship Fund IV equivalent to €8.7 million. Specifications of changes in contract assets related to management fees

31-Dec-2021

31-Dec-2020

(in €k)

Opening balance

4,468

9,282

(4,468)

(9,282)

Transfers from contract assets recognised at the beginning of the period to receivables Revenue recognised during the period not yet invoiced/not yet chargeable

371 371

4,468 4,468

Closing balance of accrued income

Note 18 Trade payables and other current liabilities

31-Dec-2021

31-Dec-2020

(in €k)

9,869 2,740

8,413 6,944 7,474 1,319

Tax liabilities (other than income tax)

Personnel and social liabilities

15,276

Other current liabilities

495

TOTAL TRADE PAYABLES AND OTHER CURRENT LIABILITIES

28,380

24,150

Personnel and social, tax liabilities mainly relate to personnel expenses (bonus accruals, holiday accruals), social charges related to personnel expenses and taxes due in connection with personnel expenses. These liabilities are principally settled at the beginning of the year.

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