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

/ / BREAKDOWN OF OTHER OPERATING CHARGES Other operating expenses include in particular the amount of fees for concessions, patents, licenses, rights and similar items, losses on bad debts and subsidies granted.

4.6 Trade payables and related accounts Trade payables and related accounts are detailed below:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Operating payables Accounts payable

289 301 590

199 223 422

TOTAL

4.7 Other receivables and prepaid expenses The details of other receivables and prepaid expenses are as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Prepaid concession expenses < 1 year Advances and deposit paid on orders

42

72

12

4

Tax receivables

74

79

Receivables related to employees and social charges

2

4

Prepaid expenses Other receivables

34 75

33

51

TOTAL

239

243

Prepaid concession expenses only relate to Atatürk airport, operated by TAV Istanbul. A payment of 5.5% if the total rent amount is made within the five workdays of each rental year following the first rental year. Furthermore, TAV Istanbul also paid in advance development expenses related to the installation of EDS Security Systems (explosives screening system) in the terminals (cf. Note 6.1).

4.8 Other payables and deferred income The details of other payables and deferred income are as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Advances and deposits received on orders

13

13

Employee-related liabilities

278

249

20

Tax liabilities (excl. current income tax)

64 28

47 22 114

Credit notes Other debts

144 138

Deferred income

130

Concession rent payable < 1 year

90 38

117 32

Debt related to the minority put option

TOTAL

793

724

Deferred income are mainly related to Aéroports de Paris SA and consist mainly in: ◆ fixed rent revenue, i.e. €78 million as of 31 December 2018 (€81 million as of 31 December 2017); ◆ car park: subscription and reservation, i.e €14 million as of 31 December 2018 (€13 million as of 31 December 2017);

◆ the rent to Air France of terminal T2G, i.e. €3 million as of 31 December 2018 (€3 million as of 31 December 2017). The debt of the concession rent payables relate to TAV Airport for TAV Tunisia, TAV Macedonia, TAV Milas Bodrum and TAV Ege: ◆ TAV Tunisia: the concession fee is based on the annual revenue of Monastir and Enfidha airports on which a rate between 11% and 26% is applied;

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018