ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the statutory financial statements

Notes to the income statement

Note 5 Net financial income

2021

(in €k)

16,500

Dividends received Interests income Expenses on deposit

34

(467)

TOTAL NET FINANCIAL INCOME

16,067

The Company received dividends of €8.3 million from AIP SAS and €8.2 million from AIP UK in December 2021. Expenses on deposit correspond to interest paid on cash deposits held by the Company at an average interest rate of (0.5%).

Note 6 Corporate income tax

The determination of the tax result is as follows:

2021

(in €k)

Profit before income tax

13,697

Add backs

200 200

Directors’ fees add-backs

Deductions

15,675 15,675 (1,778)

Other deductible or non-taxable operations

Taxable profit

Notes to the balance sheet

Note 7 Intangible assets

Addition/ (Amortisation)

Disposal/ (Reversal)

31-Dec-2020

31-Dec-2021

(in €k)

Gross value

-

20,896 20,896 (1,145) (1,145) 19,751 19,751

-

20,896 20,896 (1,145) (1,145) 19,751 19,751

-

-

Establishment costs

Amortisation, impairment

-

-

-

-

Establishment costs

NET VALUE

-

-

Establishment costs

-

-

Intangible assets comprise capitalised expenses in relation to the IPO of the Company on Euronext Paris. This includes primarily fees for legal, financial, accounting, commercial and other advice. The total amounts to €20.9 million and will be amortised

over a period of 5 years on a straight-line basis. The amortisation for the year ended 31 December 2021 is on a prorata basis starting from 23 September 2021, the pricing date of the IPO.

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