Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2018

The flows explaining the changes in provision are as follows:

Present value of employee benefit obligation

Net actuarial liability

Fair value of plan assets

(in millions of euros)

As at Jan 1, 2017

470

(1)

469

Change in consolidation scope

18

- - - - - -

18

Other changes

(2)

(2)

Service costs for the period

25

25

Interest costs

8

8

Actuarial gain/(loss) in the period

(15) (15)

(15) (15)

Reduction/curtailment

Cash flows: Payments to beneficiaries

(21)

-

(21)

Contributions paid

- -

(3)

(3)

Payments received from third parties

4

4

As at 31 Dec., 2017

468

- - - - - - - - - - -

468

Change in consolidation scope

-

-

Other changes

33 33

33 33

Service costs for the period

Interest costs

(17)

(17)

Actuarial gain/(loss) in the period

17

17

Reduction/curtailment

-

-

Cash flows: Payments to beneficiaries

(38)

(38)

Contributions paid

(3)

(3)

Payments received from third parties

-

-

As at 31 Dec., 2018

493

493

5.2.3 Assumptions and sensitivity analysis The main assumptions used are as follows:

France

Turkey 18.00%

As at 31 Dec., 2018

Discount rate / Expected rate of return on plan assets

1.50% 1.75%

Inflation rate

10%

Salary escalation rate (inflation included) Future increase in health care expenses

1.75% -3.55%

11%

2.50%

N/A

Average retirement age

62 -65 years

51-52 years

For the rates used in France:

Mortality assumptions used are those defined by: ◆ mortality tables of men/women INSEE prospective 2007-2060 on the service period of beneficiaries; and ◆ generational tables of men/women TGH05-TGF-05 on the annuity phase.

The rate used for discounting the commitment is representative of the rate of return for first-class bonds in euros with duration comparable to those of the commitments involved (weighted average duration of 12.0 years).

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018