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

Financial income Financial expenses Financial income 2018 1

(in millions of euros)

Gross interest expenses on debt Net income (expense) on derivatives

-

(178) (22)

(178)

8 8

(14)

Cost of gross debt

(200)

(192)

Income from cash and cash equivalents

12

(3)

9

Cost of net debt

20

(203)

(183)

Income from non-consolidated investments

7

-

7

Net foreign exchange gains (losses)

30

(46)

(16)

Impairment and provisions

2

(8)

(6)

Other

12 51 71

(46)

(34) (49)

Other financial income and expenses

(100) (303)

Net financial income

(232)

1 Restated figures as described in notes 2.2 & 12.

Gains and losses by category of financial instruments are as follows:

2019 (188) (206)

2018 1 (191) (178)

(in millions of euros)

Income, expenses, profits and loss on debt at amortised cost

Interest charges on debt at amortised cost Interest expenses linked to lease obligations

(5) (5)

-

Net interest on derivative instruments held as cash-flow hedges

(13)

Change in value of fair value hedging instruments

23

- -

Change in value of hedged items

5 7 7

Gains and losses of financial instruments recognized at fair value in the income statement

10 10

Gains on cash equivalents (fair value option) Profits and losses on assets held for sale

18

13 13

1 1

Dividends received

Other profits and losses on loans, credits and debts and amortised cost

(29)

(44) (16) (28)

Net foreign exchange gains (losses)

(1)

Other net profit or losses

(28)

Financial allowances to provisions for employee benefit obligations Financial allowances to provisions for employee benefit obligations TOTAL NET GAINS (NET LOSSES) RECOGNIZED IN THE INCOME STATEMENT

(9) (9)

(8) (8)

(206)

(232)

Change in fair value (before tax) recognized in equity

(24) (24)

15 15

TOTAL NET GAINS (NET LOSSES) RECOGNIZED DIRECTLY IN EQUITY

1 Restated figures as described in notes 2.2 & 12.

9.4 Financial debt

Bond issues and other interest-bearing liabilities are initially recognized at their fair value, which corresponds to the amount received, less attributable transaction costs, such as issue premiums and expenses. Subsequently, the debt is recognized according to the method of the amortised cost using the effective interest rate of the instrument.

The effective rate corresponds to the rate that enables to obtain the booked value of a bond at its initial date, when discounting future cash flows related to the instrument. Financial debts with maturities greater than one year are recognized as non-current debt. Financial debts due for repayment within less than one year are recognized as current debt.

233

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019