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

6.2

Tangible assets

Since 1 January 2019, The Group as a lessee holds lease contracts related to real property and vehicles covered by IFRS 16 “Leases”. Assets related to the right of use are classified as property, plant and equipment (see Note 6.2.1). As part of the CRE 2016-2020 signed with the French State, the Group pursues an investment program on the regulated scope (see note 4.2.1 which defines the term “regulated scope”), which must comply with the effective implementation of an investment allowance of €2,978 million over the period as well as an investment calendar constraint. Depreciable tangible assets, which have been purchased outright or under finance lease agreements, are depreciated using the straight-line method according to their estimated useful life:

The identifiable tangible assets acquired in a business combination are measured at fair value from the date of the business combination. Tangible assets acquired or produced outside of a business combination are recognized at cost less accumulated depreciation and any accumulated impairment losses. The cost of an asset produced by the Group itself includes exclusively direct labor costs. Subsequent costs are included in the asset’s carrying amount when it is probable that these costs generate future economic benefits and can be reliably measured. Current maintenance costs are recorded when they are incurred. The borrowing costs are capitalised for eligible assets according to IAS 23.

Airport terminal and underground car park buildings

30 to 60 years 20 to 50 years 10 to 20 years 10 to 50 years 10 to 20 years 20 to 25 years 5 to 20 years 20 years

Non-terminal buildings

Development/layout of terminal and non-terminal buildings

Land development

Turning areas, aprons, bridges, tunnels, roads Baggage handling facilities/equipment

Airbridges

Safety and security facilities/equipment

Computer hardware

5 years

is expected from its use or disposal. Any gain or loss resulting from derecognition of an asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the income statement (disclosed in a separate line “Other operating income and expenses”). In accordance with IFRS 5, in the event of discontinuation of operations, assets intended to be scrapped or abandoned are not classified as assets held for sale. When non-current assets are discontinued during the year, the results and cash flows are presented as those of a discontinued operation when they meet the criteria for a discontinued operation (see note 12).

The residual value and useful life of an asset are reviewed at least at each financial year end and adjusted if appropriate, in order to reflect the foreseen usage period. When it is probable or highly probable that an asset or a group of asset will be recovered principally through a sale transaction rather than through continuing use, the asset or the group of asset is reclassified on a separate line in the balance sheet, Non-current assets held for sale. Non-current assets or disposal groups that are classified as held for sale are measured at the lower carrying amount and fair value less costs to sell and the carrying amount is no longer amortized. A tangible asset is derecognized when withdrawn or when no future economic benefit

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019