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

4.4 Receivables and related accounts Trade receivables and related accounts break down as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Trade receivables

645

637

Guaranteed passenger fee receivable < 1 year 1

-

20 54

Doubtful receivables

46

Accumulated impairment

(63) 628

(70)

NET AMOUNT

641

1 Guaranteed passenger fee receivable < 1 year were transfered to Other current financial assets on 1 January 2018 (see Note 9.5.1).

The primary analyses of the historical losses on receivable per client category led the Group to recognise an additional impairment loss of €3 million as at 1 January 2018. Upon initial application of the standard IFRS 9, the impairment loss was recognised through equity (see Note 1.3).

The Group applies the new IFRS 9 standard which entered into force on 1 January 2018. This standard requires a change in the depreciation method of financial assets. The new method consists in recognising expected credit losses upon the initial recognition of receivables instead of recognising losses when they are actually incurred.

Impairment evolved as follows:

As at 31 Dec., 2018 As at 31 Dec., 2017

(in millions of euros)

Accumulated impairment at beginning of period

(70) (14)

(57) (15)

Increases Decreases

38

11 7

Translation adjustments

-

Change in consolidation scope

(13)

(15)

Other changes

(4)

(1)

Accumulated impairment at closing of period

(63)

(70)

4.5 Current operating expenses

Current operating expenses are reported according to their nature and comprise raw material and consumables used, external services and charges, taxes other than income taxes and other operating charges. With regards to taxes, the Group considers that the company value-added contribution (Cotisation sur la Valeur Ajoutée des Entreprises – CVAE) cannot be analyzed as an income tax.

20

4.5.1 Consumed purchases The consumed purchases are detailed as follows:

2018 (67) (37) (17) (16) (12) (10) (12) (29)

2017 (54) (29)

(in millions of euros)

Cost of goods

Electricity

Studies, research and remuneration of intermediaries

(19) (12) (12)

Gas and other fuels Operational supplies

Winter products

(8) (8)

Operating equipment and works

Other purchases

(23)

TOTAL

(200)

(165)

199

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018