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

CREDIT RISKS

Credit risk represents the risk of financial loss to the Group in the case where a customer or counter-party to a financial instrument failing to meet its contractual obligations. This risk essentially results from customer debts and investment securities.

The book value of financial assets represents the maximum exposure to credit risk. This maximum exposure to credit risk on the closing date is as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Equity instruments

59

61 21

Financial assets recognized at fair value through the income statement

15

Loans and receivables less than one year Loans and receivables more than one year

1,066

997 325

612

Cash and cash equivalents

1,982 3,734

2,056 3,460

TOTAL

Maximum exposure to credit risk concerning receivables and loans on the closing date, broken down by customers, is as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Air France

109

109

Easy Jet

2

10

Federal Express Corporation

15

7

Turkish Airlines

7

30

Other airlines

57

61

Subtotal airlines

190

217

Direction Générale de l’Aviation Civile Société de Distribution Aéroportuaire

- -

17

34

ATU

1

7

Other trade receivables

418 457

353 369 997

Other loans and receivables less than one year

TOTAL LOANS AND RECEIVABLES LESS THAN ONE YEAR

1,066

244

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019