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

NOTE 6 INTANGIBLE ASSETS, TANGIBLE ASSETS AND INVESTMENT PROPERTY

6.1

Intangible assets

Intangible assets include: ◆ airports operation rights (see note 6.1.1); ◆ goodwill generated by business combinations in accordance with the principles outlined in note 3.1; ◆ patents and licenses; ◆ contractual relationships; ◆ computer software;

◆ right of way servitudes. The identifiable intangible assets acquired in a business combination are measured at fair value. Intangible assets acquired or produced outside of a business combination are measured initially at their historic cost in accordance in accordance with IAS 38, Intangible assets. Intangible assets are depreciated using the straight-line method according to their estimated useful life and estimated traffic:

Software

4 to 10 years 4 to 10 years

Patent and licenses

Concession agreement period and traffic

Airport operation right 1 Right of way servitudes

15 years

1 See note 6.1.1.

Intangible assets are detailed as follows:

Fixed assets in progress, related advances & prepayments

Airport operation

Total

right 2 Software Other

Goodwill 1

(in millions of euros)

Gross value

206 (7) 199

2,938 (165) 2,773

351

700

37 4,232

Accumulated amortisation & depreciation

(261) (239) 90 461

-

(672)

18

Carrying amount as at Jan 1, 2019

37 3,560

Purchases

-

120

6

-

37

163

Depreciation and Amortisation, net of reversals

(12)

(167)

(30)

(66)

- - -

(275) (150)

Changes in consolidation scope

2

-

- (152)

Translation adjustments

1

7 5

-

- -

8

Transfers to and from other headings Carrying amount as at 31 December 2019

-

39

(46)

(2)

190 209 (19)

2,738 3,071 (333)

105 243 393 317

28 3,304 28 4,018

Gross value

Accumulated amortisation & depreciation

(288)

(74)

-

(714)

1 See note 6.1.2. 2 See note 6.1.1.

Variation between 01/01/2019 and 31/12/2019 of other intangible assets is mainly due to: ◆ the disposal of the remaining operating right from TAV Istanbul for €279 million (cf. significant events); ◆ the recognition of an intangible asset due to the renegociation of minimum payments to be made to the grantor under the concession contracts of Monastir and Enfidha; and

◆ the recognition of an intangible asset corresponding essentially to the leasehold right of SDA and Relay@ADP which, as a result of the takeover, was re-acquired by Aéroports de Paris SA. This lease right is amortised over the lease term (until 2022). The net amount of transfers from other headings relates in particular to the assets reclassification in progress as intangible assets.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019