Aéroports de Paris - 2019 Universal registration document
OPERATIONS WITH RELATED PARTIES
FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019
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
ADDITIONAL INFORMATION ON THE SHARE CAPITAL AND PROVISIONS OF THE ARTICLES OF ASSOCIATION
MATERIAL CONTRACTS
◆ impairment of intangible and tangible assets and other non-current assets in particular (cf note 4.9.2); ◆ analysis and assessment of the nature of the control in investments (cf. note 2.1); ◆ qualification and valuation of pension plans, termination benefits and other post-employment benefits (cf. note 5); ◆ evaluation of provisions for risks and litigation (cf. note 8); ◆ qualification in investment property and measurement at fair value (cf. note 6.3.2). 1.2 Accounting policies Adopted IFRS as endorsed by the EU The Group’s financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union as at 31 December 2019. These standards are available on the European Commission’s web site at the following address: http://ec.europa.eu/finance/company-reporting/ifrs-financial-statements/ index_en.htm These accounting principles do not differ from the International Financial Reporting Standards issued by the IASB, insofar as the standards and interpretations published by the IASB, but have not yet been approved by the European Union, do not have any significant impact on the consolidated financial statements of Groupe ADP. Standards, amendments and interpretations that have been endorsed by the EU and mandatory effective on January 1, 2019 Standards, standards amendments and interpretations effective on 1 January 2019 and that have not been applied earlier by the group are the following: ◆ IFRS 16 – Leases (issued in January 2016). This standard replaces the standard IAS 17 as well as related IFRIC4 Interpretation, SIC 15 and SIC 27; ◆ IFRIC 23 – Uncertainty over income tax treatment (issued in June 2017). This interpretation adopted by Europe as at 23 October 2018 clarifies
the application of IAS 12 – Income taxes regarding the accounting and valuation of income tax when it is subject to uncertainty; ◆ Amendments to IAS 28 – Long-term interests in associates and joint. These amendments have been endorsed by the UE on February 8, 2019; ◆ Annual improvements to IFRS Standards 2015-2017 Cycle (issued in December 2017); These amendments have been endorsed by the EU on March 14, 2019; ◆ Amendments to IAS 19 – Plan Amendment, Curtailment or Settlement (issued in February 2018). These amendments have been endorsed by the EU March 13, 2019; ◆ Amendments to IFRS 9 – Prepayment features with negative compensation (issued in October 2017). These amendments have been endorsed by the EU on March 22, 2018. The analysis of the impacts of IFRS 16 for the Group as at January 1, 2019 is presented in note 1.3. The remaining standards, interpretations and amendments mentioned above do not have a significant impact on the consolidated financial statements of the Group. Standards, amendments and interpretations that have been endorsed by the EU and applicable after January 1, 2019 and not adopted early by the Group The Group has not applied the following standards, amendments and interpretations that are not applicable in 2019 but should subsequently be mandatory: ◆ Amendments to references to the conceptual framework in IFRS standards (issued in March 2018). These amendments must be applied as from 1 January 2020 subject to their endorsement by the EU. These amendments must be applied as from 1 January 2020 subject to their endorsement by the EU; ◆ Amendments to IFRS 3 – “Business combinations, definition of a Business” (issued in October 2018). These amendments clarify the application guide to help stakeholders differentiate between a company and a group of assets. They should be mandatory as of 1 January 2020 subject to its endorsement by Europe; ◆ Amendments to IAS 1 and IAS 8: “definition of material” (issued on October 2018). These amendments should be mandatory as at 1 January 2020 subject to its endorsement by the EU.
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1.3 Impact related to the first application of IFRS 16 The impacts related to the first application of IFRS 16 are presented below:
As at Jan 1, 2019
As at Dec 31, 2018 published
IFRS 16
(in millions of euros)
Non-current assets
12,890
51
12,941 3,162 16,103
Current assets TOTAL ASSETS
3,177
(15)
16,067
36
As at Jan 1, 2019
As at Dec 31, 2018 published
IFRS 16
(in millions of euros)
Shareholders’ equity - Group share
4,850
-
4,850
Non-controlling interests Shareholders’ equity Non-current liabilities
951
951
951
5,801 7,656 2,610
-
5,801 7,683 2,619 16,103
27
Current liabilities
9
TOTAL EQUITY AND LIABILITIES
16,067
36
195
AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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