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

Net depreciation and provisions for liabilities and expenses amounted to €493 million (see cash flow statement). Additions of €516 million and reversals of €22 million.

Provisions for liabilities and expenses amount to €32 million, including mainly provisions for commitments for end-of-career benefits. The amount of allowances for impairment of doubtful and disputed receivables is €25 million, including €21 million due to Aigle Azur and XL Airways liquidation See note 6.3.

5.8 Financial income Financial income in 2019 amounted to €75 million and includes:

2019

2018

(in millions of euros)

Income from investments and other financial shares

61

57

Swap interest income Other financial income

9

9

21

41

Financial income Interest on loans

90

106

(123)

(114)

Swap interest charges Other financial expenses Financial expenses FINANCIAL INCOME

(6)

(6)

(36)

(35)

(165)

(155) (49)

(75)

Financial income amounts to €90 million and mainly comprises: ◆ dividends received (€47 million), of which €31 million for the share of the holding in Tank Alpha and €9 million for Schiphol; ◆ other financial shares revenues (€14 million), of which €10 million for

2019 Financial expenses primarily comprise interest on borrowings and swaps amounting to €129 million. The evolution in this type of expenses is consistent with borrowings and debt swaps variation (see Note 6.9 “Financial debt”). Other Financial expenses contains: ◆ impairment of €22 million on ADP International securities; ◆ impairment of €2 million on Cœur d’Orly Investissement securities; ◆ impairment of €1 million on HOLOGARDE securities.

investment fund CATHAY and €2 million for X ANGE; ◆ interest income from swaps amounting to €9 million. Other financial income is mainly made up with: ◆ exchange gains amounting to €5 million; ◆ current accounts interest amounting to €10 million.

18

Breakdown of Group 1 and non-Group net financial income Here, the Group encompasses all subsidiaries and shareholdings held by Aéroports de Paris SA.

Other financial income and expenses

Amortisation and reversal of provisions

Income from investments

Total

Schiphol Group ADP International

9

-

-

9

- -

(22)

3

(18)

ADP Immobilier Tertiaire

-

1

1

SAS Coeur d'Orly Investissement

1

(2)

- -

(1) (1)

Hologarde

-

(1)

TANK ÖWA alpha GmbH

31

- - - - - - - -

10

41

Média ADP Relay@adp

2 3

- - - - - - -

2 3

Others

-

-

Group Financial result Net financial income

47

(25)

15

38

- - - -

(120)

Other financial income and expenses Financial result outside the Group

7

(113) (75)

FINANCIAL INCOME

1 Here, the Group encompasses all subsidiaries and shareholdings held by Aéroports de Paris SA.

285

AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019