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

9.4.2 Net financial debt

to the minority put option, reduced by derivative financial instruments in an asset position, receivables and current accounts from associates, cash and cash equivalents and restricted bank balances.

Net financial debt as defined by Groupe ADP corresponds to the amounts appearing on the liabilities of the balance sheet under the items non-current loans and debts, and current loans and debts, debt related

This net financial debt appears as follows at the closing date:

As at Dec 31, 2019

Non-current portion

Current portion

As at Dec 31, 2018

Non-current portion

Current portion

(in millions of euros)

Debt

7,439

6,077

1,362

7,129

5,970

1,159

Debt related to the minority put option

36

22

14

91

53

38

Gross financial debt

7,475

6,099

1,376

7,220

6,023

1,197

Derivative financial instruments (assets) Receivables and current accounts from associates

15

11

4

21

17

4

138

95

43

117

72

45

Cash and cash equivalents Restricted bank balances (i)

1,982

- -

1,982

2,056

- -

2,056

86

86

84

84

Net financial debt

5,254

5,993

(739)

4,942

5,934

(992)

Gearing

87%

85%

(i) Restricted bank balances relate to TAV Airports. Certain subsidiaries, namely TAV Esenboğa, TAV Tunisia, TAV Macedonia, TAV Milas Bodrum, TAV Ege and TAV Holding (“the Borrowers”) opened Project Accounts designated mainly in order to reserve required amount to reimburse project debt or elements defined in the agreements with their lenders (lease payments to DHMI, operational charges, tax…).

18

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019