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

Cash and cash equivalents break down as follows:

As at Dec 31, 2019

As at Dec 31, 2018

(in millions of euros)

Marketable securities

1,195 787

1,288

768

Cash 1

Bank overdrafts 2

(9)

(1)

CASH AND CASH EQUIVALENTS

1,973

2,055

1 Including €36 million of cash dedicated to aid to local residents funding collected through the tax on airborne noise nuisances (TNSA). 2 Included in Current liabilities under debt.

are complex in the short term for mainly regulatory reasons. As of 31 December 2019, the amount of this items is less than €1 million.

As part of its cash management, Groupe ADP has mainly invested in euro-denominated UCITS. Cash and short-term cash equivalents for the Group include the bank accounts of certain subsidiaries for which repatriation conditions

13.2 Cash flows 13.2.1 Cash flows from operating activities

/ / INCOME AND EXPENSE WITH NO IMPACT ON NET CASH

2019 730 (90)

2018 1

(in millions of euros)

Depreciation, amortisation and impairment losses (excluding current assets)

600 (81)

Profit/loss of associates Net gains on disposals

(7)

(3)

Other

(14) 619

3

INCOME AND EXPENSE WITH NO IMPACT ON NET CASH

519

1 Restated figures as described in notes 1.4, 2.2 & 12.

/ / CHANGE IN WORKING CAPITAL

2019

2018 1

(in millions of euros)

Inventories

7

-

Trade and other receivables Trade and other payables CHANGE IN WORKING CAPITAL

70 68

11

(55) (44)

145

1 Restated figures as described in notes 2.2 & 12.

13.2.2 Cash flows from investing activities

/ / ACQUISITION OF SUBSIDIARIES AND ASSOCIATES (NET OF ACQUIRED CASH)

2019 (35)

2018 1

(in millions of euros)

Acquisitions of subsidiaries and investments (net of cash acquired) Proceeds from sale of subsidiaries (net of cash sold) and investments

(630)

-

1

1 Restated figures as described in notes 2.2 & 12.

252

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019