Aéroport de Paris - 2018 Registration document
FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2018
RESEARCH AND DEVELOPMENT, TRADEMARKS PATENTS AND LICENCES
INFORMATION CONCERNING TRENDS
PROFIT FORECASTS
ADMINISTRATION AND EXECUTIVE MANAGEMENT BODIES
COMPENSATION AND BENEFITS OF CORPORATE OFFICERS
FUNCTIONING OF THE BOARD OF DIRECTORS AND MANAGEMENT BODIES
SOCIAL, ENVIRONMENTAL AND SOCIETAL RESPONSIBILITY INFORMATION
MAIN SHAREHOLDERS
OPERATIONS WITH RELATED PARTIES
and operation of a centre for shopping and services on Paris-Charles de Gaulle Airport site. The Court of Appeal, by a decision of 18 March 2015, confirmed the lack of jurisdiction of the civil courts, in favour of the administrative courts. Finally, the Jurisdictional Court, by a decision of 4 July 2016, recognised the jurisdiction of the administrative courts to hear the case and returned the parties to the Paris Administrative Court. By decision of 19 January 2017, the Paris Administrative Court denied JSC Investissements all of its claims. An appeal against this decision has been filed by JSC Investments The hearing before the Administrative Court of Appeal of Paris took place on 1 April. The public rapporteur concluded that the Court should reject JSC's claim and that it should order JSC to pay €1,500 to ADP in respect of article L. 761-1 of the Administrative Justice Code. The ruling will not be rendered before the end of April 2019.
In the ordinary course of its business, Groupe ADP is involved in a certain number of judicial and arbitral proceedings. The Group is also subject to certain claims and lawsuits which fall outside the scope of the ordinary course of its business. The amount of provisions made is based on Groupe ADP’s assessment of the level of risk on a case-by-case basis and depends on its assessment of the basis for the claims, the stage of the proceedings and the arguments in its defense, it being specified that the occurrence of events during proceedings may lead to a reappraisal of the risk at any moment. Main litigations and arbitration proceedings presented below are accounted as liability or depending on the case constitute contingent liabilities or assets: ◆ On 13 July 2013, the Company JSC Investissements initiated an action for compensation before the Paris Commercial Court following the decision of Aéroports de Paris SA not to grant an authorisation of temporary occupation of public property concerning the construction
NOTE 16 SUBSEQUENT EVENTS
Approval of 2019 airport fees tariffs On 11 January 2019, the Independant supervisory authority for airport fees (ASI), through its judgment n°1810-D1, notified Aéroports de Paris with a refusal concerning airport fees tariffs certification, applicable as from 1 April 2019, on the airfield of Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget as well as their modulation, except for the fees related to the assistance provided to disabled persons and persons with reduced mobility. The ASI indeed believes that the aggregate revenue linked to airport public services on the aerodromes, after consideration
of the proposed tariff increase, i.e. +2.94% as at 1 April 2019, exceeds the cost of the services rendered. In accordance with the Article R. 224-3-4 of the Civial aviation code, the Group had one month as from the notification of the refusal, to notify ASI the revised tariffs for airport fees. This new proposal, based on a +1.0% increase on the aerodromes of Paris-Charles de Gaulle and Paris-Orly, and a +3.52% increase on Paris-Le Bourget aerodrome, was notified to ASI on 22 January 2019, and approved by ASI on 12 February.
NOTE 17 AUDITOR’S FEES
The amounts of auditors’ fees recorded are as follows:
As at 31 Dec., 2018
As at 31 Dec., 2017
Deloitte
EY
Deloitte
EY
(in thousands of euros)
20
® Parent company
450 333
527 498
380 286
478 335
® Fully consolidated subsidiaries
Audit, certification, inspection of individual and consolidated financial statements:
783
1,025
666
813
® Parent company
45 25 70
7
36
15
® Fully consolidated subsidiaries Services other than certification:
22 29
15 51
58 73
TOTAL
853
1,054
717
886
Services other than the certification of accounts mainly concern: ◆ the services rendered by the Statutory Auditors related to acquisition and disposal projects by the Group; ◆ the review of environmental, social and societal information; ◆ various certificates.
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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018
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