Aéroports de Paris - 2019 Universal registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 18 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2019

4.6 Trade payables and related accounts Trade payables and related accounts are detailed below:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Operating payables Accounts payable

374 305 679

289 301 590

TOTAL

4.7 Other receivables and prepaid expenses The details of other receivables and prepaid expenses are as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Prepaid concession expenses < 1 year (i) Advances and deposit paid on orders

-

42

19

12

Tax receivables

98

74

Receivables related to employees and social charges

2

2

Prepaid expenses

27

34 75

Other receivables (ii)

236 382

TOTAL

239

(i) Prepaid concession expenses only relate to Atatürk airport, operated by TAV Istanbul, whose activity was discontinued on 6 April 2019 (see note 2.2). (ii) Other receivables include the current portion (€192 million) of compensation corresponding to the end of the TAV Istanbul concession (see note 2.2).

4.8 Other payables and deferred income The details of other payables and deferred income are as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Advances and deposits received on orders

19

13

Employee-related liabilities

274

278

Tax liabilities (excl. current income tax)

89 34

64 28

Credit notes

Deferred income

165 90

138 90

Concession rent payable < 1 year

Debt related to the minority put option

14

38

Other debts

127 812

144 793

TOTAL

Deferred income are mainly related to Aéroports de Paris SA and consist mainly in: ◆ fixed rent revenue, i.e. €79 million as of 31 December 2019 (€78 million as of 31 December 2018); ◆ car park: subscription and reservation, i.e. €15 million as of 31 December 2019 (€14 million as of 31 December 2018). The debt of the concession rent payables relate to TAV Airport for TAV Tunisia, TAV Macedonia, TAV Milas Bodrum and TAV Ege: ◆ TAV Tunisia: the concession fee is based on the annual revenue of Monastir and Enfidha airports on which a rate between 5% and 39% is applied;

◆ TAV Macedonia: the concession rent of TAV Macedonia is 15% of the annual income turnover until the number of passengers using the two airports (Skopje and Ohrid) reaches to 1 million, and when the number of passengers exceeds 1 million, this rent percentage shall change between 2% and 4% depending on the number of passengers; ◆ TAV Milas Bodrum and TAV Ege: the fixed concession rents are defined in the concession contract for the operation of international and domestic terminals of Milas Bodrum and Izmir Adnan Menderes airports (see note 8.2). The debt related to the minority put option relates to TAV Airports for the minority interests in TAV Tunisia (see note 9.4.2).

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019