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

11.5 Table of changes in deferred tax assets and liabilities Deferred tax assets and liabilities evolved as follows between the beginning and the end of the period:

Net amount

Assets

Liabilities

(in millions of euros)

As at Jan 1, 2019

-

383 (16)

(383)

Amount recognized directly through equity on employee benefit obligations

1

17

Amount recognized directly through equity on fair value change

3

(3)

6

Amounts recognized for the period

39 (7)

(24)

63

Translation adjustments

(1) 32

(6)

Changes in consolidation scope

1

(31)

As at Dec 31, 2019

37

371

(334)

Deferred tax assets and deferred tax liabilities of subsidiaries of the sub-group TAV Airports were until now compensated, the sub-group TAV Airports being until 31 December 2018 considered as a single consolidated entity. The deferred tax asset amounting to €37 million as at 31 December 2019 is mainly linked to TAV Milas Bodrum and TAV Ege airport concessions.

11.6 Current tax assets and liabilities Current tax assets correspond to the amount to be recovered from the tax authorities. Current tax liabilities correspond to the amounts remaining to be paid to these authorities. These tax assets and liabilities appear as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Current tax assets Aéroports de Paris SA and tax-consolidated companies

24

-

Other consolidated entities

41

6 6

TOTAL

65

Current tax liabilities Aéroports de Paris SA and tax-consolidated companies

18

-

21 16

Other consolidated entities

107 107

TOTAL

37

The Group has no knowledge of any contingent tax assets or liabilities as of 31 December 2019.

249

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019