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

The flows explaining the changes in provision are as follows:

Present value of employee benefit obligation

Fair value of plan assets

Net actuarial liability

(in millions of euros)

As at Jan 1, 2018

468

- - - - - - - - - - - - -

468

Service costs for the period

33

33

Interest costs

(17)

(17)

Actuarial gain/(loss) in the period

17

17

Cash flows: Payments to beneficiaries

(38)

(38)

Contributions paid

(3)

(3)

Other changes

33

33

As at Dec 31, 2018

493

493

Service costs for the period

28

28

Interest costs

9

9

Actuarial gain/(loss) in the period

68

68

Reduction/curtailment

(44)

(44)

Change in consolidation scope Cash flows: Payments to beneficiaries

3

3

(27)

3

(24)

Contributions paid

(3)

(3)

(6)

Payments received from third parties

-

- - -

-

Other changes

(2)

(2)

AS AT DEC 31, 2019

525

525

5.2.3 Assumptions and sensitivity analysis The main assumptions used are as follows:

18

France 0.70%

Turkey 11.70% 8.20% 9.20%

Jordan 5.60% 2.50% 3,20%

As at Dec 31, 2019

Discount rate / Expected rate of return on plan assets

Inflation rate

1.60%

Salary escalation rate (inflation included) Future increase in health care expenses

1.60% -3.40%

2,50%

N/A

N/A

Average retirement age

62 -65 years

51-52 years

55-60 years

As at Dec 31, 2018

France

Turkey 18.00%

Jordan 5.60% 2.50% 3,20%

Discount rate / Expected rate of return on plan assets

1.50% 1.75%

Inflation rate

10.0% 11.0%

Salary escalation rate (inflation included) Future increase in health care expenses

1.75% -3.55%

2,50%

N/A

N/A

Average retirement age

62 -65 years

51-52 years

55-60 years

For the rates used in France: The rate used for discounting the commitment is representative of the rate of return for first-class bonds in euros with duration comparable to those of the commitments involved (weighted average duration of 12.0 years).

Mortality assumptions used are those defined by: ◆ mortality tables of men/women INSEE prospective 2007-2060 on the service period of beneficiaries; and ◆ generational tables of men/women TGH05-TGF-05 on the annuity phase.

217

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019