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

9.5.2 Fair value hierarchy

Fair value hierarchy IFRS 13, “Fair Value Measurement”, establishes a fair value hierarchy and distinguishes three levels: ¯ level 1: fair value based on quoted prices for the same instrument in an active market (without modification or repackaging). This level mainly applies to marketable securities whose prices are reported by the French Financial Markets Authority ( Autorité des Marchés Financiers );

¯ level 2: fair value based on quoted prices for similar assets or liabilities and valuation techniques whose major data are based on observable market data. This level mainly applies to derivative instruments whose values are provided by Bloomberg; ¯ level 3: fair value based on valuation techniques whose major data are not all based on observable market data. Currently, this level does not apply within the Group.

The fair value hierarchy for financial instruments in 2019 and 2018 is as follows:

As at Dec 31, 2019

Level 3 Prices base on non-observable data

Level 2 Prices base on observable data

Level 1 Quoted prices in activemarkets

Book value

Fair value

(in millions of euros)

Assets Equity instruments - fair value through P&L Loans and receivables excluding finance leases receivables

59

59

-

59

-

646 609

644 609

- - -

644 609

- - - - - - - - - - - -

Trade receivables

Derivatives

15

15

15

Cash and cash equivalents

1,982

1,982

1,982

-

Liabilities Bonds Bank loans

5,167 1,758

5,806 1,963

- - - - - - - -

5,806 1,963

Lease obligations

82

82

82

Other loans and assimilated debt

245

245

245

Accrued interest

119 68

119 68

119 68

18

Derivatives

Other non-current liabilities

798 812

652 813

652 813

Other debts and deferred income

As at Dec 31, 2018

Level 3 Prices base on non-observable data

Level 2 Prices base on observable data

Level 1 Quoted prices in activemarkets

Book value

Fair value

(in millions of euros)

Assets Equity instruments - fair value through P&L Loans and receivables excluding finance leases receivables

61

61

-

61

-

379 628

390 628

- - -

390 628

- - - - - - - - - - -

Trade receivables

Derivatives

21

21

21

Cash and cash equivalents

2,056

2,056

2,056

-

Liabilities Bonds Bank loans

4,678 2,078

5,141

- - - - - - -

5,141

2,330

2,330

Other loans and assimilated debt

212 98

212 98

212 98

Accrued interest

Derivatives

63

63

63

Other non-current liabilities

780 793

804 793

804 793

Other debts and deferred income

239

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019