Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20

11.5 Table of changes in deferred tax assets and liabilities Deferred tax assets and liabilities evolved as follows between the beginning and the end of the period:

Net amount

Assets

Liabilities

(in millions of euros)

As at Jan 1, 2018

1 -

369

(368)

Amount recognized directly through equity on employee benefit obligations

(4)

4

Amounts recognized for the period

(1)

(24)

23

Translation adjustments

- - -

2

(2)

Changes in consolidation scope

39

(39)

As at 31 Dec., 2018

382

(382)

11.6 Current tax assets and liabilities Current tax assets correspond to the amount to be recovered from the tax authorities. Current tax liabilities correspond to the amounts remaining to be paid to these authorities. These tax assets and liabilities appear as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Current tax assets ® Aéroports de Paris SA and tax-consolidated companies

-

55

® Other consolidated entities

6 6

4

TOTAL

59

Current tax liabilities ® Aéroports de Paris SA and tax-consolidated companies

21 16

1

® Other consolidated entities

24 25

TOTAL

37

The Group has no knowledge of any contingent tax assets or liabilities as of 31 December 2018.

NOTE 12 CASH AND CASH EQUIVALENTS AND CASH FLOWS

12.1 Cash and cash equivalents

“Cash management financial assets” comprises units in UCITS, made with a short-term management objective, satisfying the IAS 7 criteria for recognition as cash.

Cash and cash equivalents comprise current accounts at banks and short-term liquid investments subject to negligible risks of fluctuations of value. Cash equivalents consist essentially of money market funds. Bank overdrafts are not included in cash and are reported under current financial liabilities.

Cash and cash equivalents break down as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Marketable securities

1,288

1,404

Cash1

768

508

Bank overdrafts2

(1)

(2)

CASH AND CASH EQUIVALENTS

2,055

1,910

1 Including €22 million of cash dedicated to aid to local residents funding collected through the tax on airborne noise nuisances (TNSA). 2 Included in Current liabilities under debt.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018