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

NOTE 14 RELATED PARTIES DISCLOSURE

In accordance with IAS 24, the Group discloses the following related parties: ¯ associated and jointly controlled companies; ¯ the State, public institutions and State participations; and ¯ its senior executives and shareholders.

Transactions with related parties are summarised as follows:

Associates and jointly controlled companies

State or state participations

Other related parties

TOTAL GROUP

2019

2019 1,347

2019

2019

2018 1

2018 1 1,326

2018 1

2018 1 1,827

(in millions of euros)

Revenue

192

421

89

80 1,628

External expenses (inc. purchases of fixed assets)

90

76

23

40

66

93

179

209

Financial assets

17 17

15

-

-

12

5

29

20

Other assets

66

130

154

95

77

242

297 190 203

Financial liabilities

-

-

-

-

212 278

190 106

212

Other liabilities

25

24

86

73

389

1 Restated figures as described in notes 2.2 & 12.

14.1 Relations with associated or jointly controlled companies

CDG Express CDG Express, the Infrastructure management company (“GI CDG Express in french”) created at the end of 2018 and co-owned by Groupe ADP, SNCF Réseau and the Caisse des Dépôts et Consignations , signed on February 14, 2019 a concession agreement with the French Government relating to all works to be performed for the CDG Express project. Under this contract, the GI CDG Express has committed to finance, design, build and maintain the CDG Express railway for 50 years. Design and construction have been delegated, to Groupe ADP and SNCF Réseau under two construction contracts. Each company will carry out respectively 11% and 89% of the works. In this context, Aéroports de Paris SA and the GI CDG Express have entered into a construction and design contract for studies and works carried out on Paris CDG airport land for a price of €204.5 million. These revenues are recognized using the percentage of completion method as per the IFRS 15 norm, ADP having an enforceable right for the payment of costs relating to work carried out to date, including in the event of termination of the contract.

Revenues relating to studies and works contributing to the realization of assets belonging to Groupe ADP having a compensatory nature are recognized in other income. Those made on behalf of the concessionaire are recognized in Revenues. Revenue recognized in 2019 for studies and works amounted to €34 million of which €29 million (€25 Other Operating Income and €4 million Revenue) were carried out by Aéroports de Paris SA and €5 million income from “CDG Express etudes” share of revenue. Retail joint ventures As part of the development of commercial activities, Aéroports de Paris SA and the company EPIGO, sign agreements permitting these companies to operate within Paris-Orly and Paris-Charles de Gaulle airports. Transactions between Aéroports de Paris SA and this company relate to: ◆ fees collected under the operational rights granted by Aéroports de Paris SA; ◆ rents for the occupation of sales areas; and ◆ similarly, TAV Airports and ATU concluded contracts allowing ATU to operate retail shops within its airport platforms.

18

14.2 Relations with the French State and State participations

Relations with the french state The French State holds 50.6% of the share capital of Aéroports de Paris SA and 58.6% of the voting rights as at 31 December 2019. The State is entitled in the same way as any majority shareholder to control decisions that require approval by the shareholders.

Public authorities exercise control over Aéroports de Paris SA with regard to its status as a state-owned company and with regard to its duties, in particular its public service.

255

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019