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

9.4.1 Details of loans and financial debt Loans and financial debt at the closing date may be analysed in this way:

As at Dec 31, 2019

Non-current portion

Current portion

As at Dec 31, 2018

Non-current portion

Current portion

(in millions of euros)

Bonds

5,167 1,758

4,669

498 677

4,678 2,078

4,379 1,350

299 728

Bank loans (i)

1,081

Lease obligations

82

73

9

-

-

-

Other loans and assimilated debt

245

188

57 119

212

180

32 98

Accrued interest

119

-

98

-

Debt (excluding derivatives)

7,371

6,011

1,360

7,066

5,909

1,157

Derivative financial instruments (liabilities)

68

66

2

63

61

2

TOTAL DEBT

7,439

6,077

1,362

7,129

5,970

1,159

(i) The current portion of bank loans includes in particular the bank loans of TAV Tunisia. Not having respected the financing agreements, the bank loans of TAV Tunisia are presented in current debts for an amount of €341 million as of 31 December 2019. Negotiations are underway to restructure this debt and refinancing agreements should be signed in early 2020 (see note 2).

Changes in loans and financial debt as at 31 December 2019 are as follows:

Changes in consolidation scope

As at Dec 31, 2019

Other changes

As at Dec 31, 2018

Increase / subscription 1 Repayment 1

Exchange differences

Change in fair value

(in millions of euros)

Bonds

4,678 2,078

786

(303) (380)

-

3

-

3

5,167 1,758

Bank loans

62 55

5

(8)

3

(2)

Lease obligations

-

(10)

-

-

-

37

82

Other loans and assimilated debt

212

29

(66) (116)

3

- -

80 (13)

245

Accrued interest Debt (excluding derivatives)

98

134

-

-

3

119

7,066

1,066

(875)

8

(5)

83

28

7,371

Derivative financial instruments (liabilities)

63

-

-

-

4

-

1

68

TOTAL DEBT

7,129

1,066

(875)

8

(1)

83

29

7,439

1 The increases/subscriptions and repayments excluding derivatives, leases obligations and excluding accrued interests are disclosed in the consolidated cash flow statement respectively under the lines “Proceeds from long-term debt” and “Repayment of long-term debt”.

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019