Aéroports de Paris - 2019 Universal registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 18 COMPANY FINANCIAL STATEMENTS AND NOTES OF AÉROPORTS DE PARIS SA AT 31 DECEMBER 2019

5.5 Taxes other than income taxes

2019 (125) (62) (56) (22) (24)

2018 (96)

(in millions of euros)

Property tax

Territorial financial contribution

(71)

Non-refundable VAT on safety expenditure

(54) (21) (23)

Tax on earnings

Other taxes

TAXES OTHER THAN INCOME TAXES

(290)

(265)

Duties and taxes increased by 9% for a total of €290 million at 31 December 2019. ◆ in terms of Property tax, the increase (+€29 million) is primarily the result of the updating of our 2019 tax bases, adjustments on 2018 taxes, rate increase and the entry into service of new buildings;

◆ in terms of the regional economic tax (CET), the decrease (-€9 million) is mainly due to the reimbursement of prior year value added cap.

5.6

Employee benefit costs

2019 (378) (166)

2018

(in millions of euros)

Salaries

(376) (162)

Social security expenses

Profit-sharing bonus

(16) (17)

(14) (19)

Works Council

Tax credit for competitivity and employment

-

4

Other employee expenses EMPLOYEE BENEFIT COSTS

(19)

(19)

(596)

(586)

The rise in social security contributions (+€4 million) is due to the increase in salaries and the higher average contribution rate, partially offset by the decrease in sickness contributions following the discontinuation of the Competitiveness Employment Tax Credit (CICE). Other employee benefit costs include PEE/PERCO contributions and meals for employees of Aéroport de Paris SA outside the restaurants managed by the Works Committee.

Employee benefit costs amounted to €596 million as of 31 December 2019, an increase of €10 million compared to the previous year. The fall in average headcount of 1.0% led to a decrease in employee benefit costs (-€3 million), partially offsetting the increase in salaries (€5 million) as a result of general and individual measures.

5.7 Operating depreciations, amortisations and reversals

2019

2018

Additions

Reversals

Additions

Reversals

(in millions of euros)

Intangible assets

(23)

- - -

(20)

- - -

Property, plant and equipment

(461) (484)

(432) (453)

Depreciation and Amortisation of fixed assets

Provisions for risks

(1)

9

(6)

18 15

Provisions for expenses

(31) (32) (25) (25)

13

(13) (19)

Provisions for liabilities and expenses Trade receivables and related accounts

22

33

6 6

(7) (7)

1 1 -

Depreciation of receivables Transfer of operating charges

-

1

-

TOTAL

(540)

29

(477)

35

284

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019