Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2018

RESEARCH AND DEVELOPMENT, TRADEMARKS PATENTS AND LICENCES

INFORMATION CONCERNING TRENDS

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

OPERATIONS WITH RELATED PARTIES

¯ Revenue of TAV Airports breaks down as follows: aviation income: Aviation income is recognized based on the daily reports obtained from the related airline companies for terminal service income charged to passengers, as well as for ramps utilized by aircraft and check-in counters utilized by the airlines; area allocation income: Area allocation income is recognized by the issuance of monthly invoices based on the contracts made for allocated areas in the terminal; catering services income: Catering services income is recognized when services are provided; commission: TAV Airport subcontracts the right to operate certain duty free operations and the catering services to third parties. The third parties pay TAV Airports a specified percentage of their sales for the right to operate these concessions. The commission revenue is recognized based on the sales reports provided from the subcontractor entities in every 2 to 3 days; construction revenue and expenditure: Construction revenue is recognized using the percentage-of-completion method. Variations in contact work, claims and incentive payments are included to the extent that they have been agreed with the customer. Where the outcome of a construction contract cannot be estimated reliably, revenue is recognized to the extent of contract costs incurred that it is probable will be recoverable. Contract costs are recognized as expenses in the period in which they are incurred and as intangible or financial assets on the balance sheets. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognized as an expense immediately; other revenue of TAV Airports (ground handling services, bus and car parking operations, airline taxi services, software and system sales) are recognized when services are provided or goods are delivered. The revenue of TAV Airports also includes the actuarial gains related to the financial asset of TAV Esenboga (Ankara) recognized pursuant to IFRIC Interpretation 12 (see Note 6.1). ¯ Revenue of AIG breaks down as follows:

aviation income: Aviation income include passenger fees, aircraft circulation fees, revenues related to the provision of common terminal equipment (CUTE), as well as other revenues (ground handling, fuel charges). These revenues are recognized when it is probable that the economic benefits will be perceived by the Group and that they can be quantified as reliable; commission: the revenue is recognized at the beginning of each quarter based on traffic projections and a commission per passenger, Minimum Revenue Guaranteed (MRG). Each month AIG records the highest amount between the MRG and 30% of the sales made during the month; area allocation income: recognized on a linear basis over the term of the lease: ¯ the revenue of ADP Ingénierie is realized in connection with its airport design missions, consultancy services, assistance to the project owner and prime contractor. These services are mainly carried out internationally over periods covering several months and/ or years. Revenues from mostly of these long-term contracts are accounted by using the percentage-of-completion method through costs incurred, ¯ the revenue of ADP International is mainly related to its international airport management activity and directors’ fees related to investments in airport companies. 5. Other activities sector Revenue from this sector comprises revenue generated by the subgroup Hub One, the subgroup Hub Safe was disposed in September 2017. This revenue is described below: ¯ Hub One offers telecom operator services, as well as traceability and mobility solutions of goods with its subsidiary Hub One Mobility. Its revenue is presented in others incomes; ¯ Hub Safe provided services in airport security. As 80% of the shares were sold on 30 September 2017, no revenue is recorded in 2018.

The breakdown of the Group’s revenue per sector after eliminations is as follows:

2018

International and airport developments

Other activities

Retail and services Real estate

Aviation

Total

(in millions of euros)

Airport fees Ancillary fees

1,114 239

-

- -

529

- -

1,643

20

10

6

255

Revenue from airport safety and security services

499

-

-

-

- - - - - -

499

Retail activities

- - -

490

2

449

941

Car parks and access roads Industrial services revenue

173

- -

33

206

41

5

46

Rental income

14

109

198

53 28

374

Revenue from long term contracts

-

20

-

48

Other revenue

23

15

3

288

116

445

Operating financial revenue

-

-

14

7

-

21

TOTAL

1,889

858

217

1,398

116

4,478

197

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018