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

NOTE 12 NET RESULT FROM DISCONTINUED ACTIVITIES

In accordance with IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”, Groupe ADP disclose a single amount in the statement of comprehensive income on the line net income from discontinued operations, all components 1 that have been disposed by the Group (shutdown of operations) or which are classified as held for sale, and: ¯ represents a separate major line of business or geographical area of operations; ¯ is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations; or ¯ is a subsidiary acquired exclusively with a view to resale. For discontinued operations, this reclassification applies at the date the activity has been disposed.

1 By component is meant an element that comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity.

The analysis of net income from discontinued operations related to the end of the Atatürk International Airport concession (see note 2.2) is as follows:

2019

2018

(in millions of euros)

Revenue EBITDA

124

471 281 115 26 141

71

Operating income 1 Financial income Income before tax Income tax expense 2

85

(4)

82

(26)

(38)

Net results from discontinued activities NET INCOME ATTRIBUTABLE TO THE GROUP

55 26

103

48

1 The operating income for the year 2019 includes a net gain of €47 million linked to the DHMI compensation, decreased by the accounting value of the discontinued assets. 2 The income tax expense for the year 2019 includes a net tax expense related to the DHMI compensation decreased by the accounting value of the discontinued assets, for an amount of €16 million.

Earnings per share from discontinued activities are disclosed in note 7.1.7.

Restated accounts 2018 Comparative figures for the 31 December 2018 take into account the end of TAV Istanbul concession. The following tables present the impact of these changes on the consolidated income statement, consolidated statement of comprehensive income and consolidated statement of cash flows:

/ / CONSOLIDATED INCOME STATEMENT

2018 published

2018 restated

(in millions of euros)

Revenue EBITDA

4,478

4,007 1,680

1,961

Share in associates

81

81

Operating income from ordinary activities

1,238 1,236 (206) 1,030 (335)

1,123 1,121

Operating income Financial income Income before tax Income tax expense

(232)

889

(297)

Net results from continuing activities Net results from discontinued activities

695

592 103 695 610

-

Net income

695 610

NET INCOME ATTRIBUTABLE TO THE GROUP

250

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019