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

NOTE 6 INTANGIBLE ASSETS, TANGIBLE ASSETS AND INVESTMENT PROPERTY

6.1

Intangible assets

incurred. An impairment loss is recognized if the recoverable value falls below its carrying value. Impairment loss are irreversible. The identifiable intangible assets acquired in a business combination are measured at fair value. Intangible assets acquired or produced outside of a business combination are measured initially at their historic cost in accordance in accordance with IAS 38, Intangible assets. Other intangible assets are mainly composed of the intangible asset related to Istanbul Atatürk concession (see paragraph below) and contractual relationships recognised as part of the identification and evaluation of the identifiable assets and liabilities of TAV Airports. Intangible assets are depreciated using the straight-line method according to their estimated useful life and estimated traffic:

Intangible assets include: ¯ airports operation rights (see Note 6.1.1); ¯ goodwill generated by business combinations in accordance with the principles outlined in Note 2.3; ¯ patents and licenses; ¯ contractual relationships; ¯ computer software; ¯ usage rights. Goodwill is not amortizable. In compliance with IAS 36, Impairment of assets, goodwill is subject to an annual impairment test or more frequently if there is objective evidence that an impairment loss has been

Software

4 to 10 years 4 to 10 years

Patent and licenses

User right

15 years

Airport operation right 1

Concession agreement period

1 See Note 6.1.1.

Istanbul Atatürk operations contract: Considering that TAV Istanbul has control over a significant part of revenue and tariffs, the Group considers that the concession agreement related to Istanbul Atatürk, which terminates as of 2 January 2021 at midnight, does not fall in the scope of IFRIC Interpretation 12 “Service Concession Arrangements”. The Group recognized an intangible asset included in the category “other” in

the below table, resulting from the right to receive a remuneration from the users of Istanbul Atatürk airport. This right to receive a remuneration was valued at fair value at initial recognition. Considering the anticipated closure of the Atatürk airport, this asset is amortized based on passenger traffic over the estimated remaining term of the concession, taking into account its residual value.

Intangible assets are detailed as follows:

Fixed assets in progress, related advances & prepayments

Airport operation

right 1 Software Other

Total

Goodwill

(in millions of euros)

Gross value

139 (7) 132

2,021

315 690

29 3,194

Accumulated amortisation & depreciation

(41)

(236)

(102)

-

(386)

Carrying amount as at Jan 1, 2018

1,980

79 588

29 2,808

Purchases

- - -

17

4

- -

24

45

Change in advances and prepayments

-

-

9

9

Depreciation and Amortisation, net of reversals

(123)

(27)

(141)

- - -

(291)

Changes in consolidation scope

52

862

- -

13

927

Translation adjustments

2

39 (2)

1

42 20

Transfers to and from other headings Carrying amount as at 30 June 2018

13

34

-

(25)

199 206

2,773 2,938 (165)

90 461

37 3,560 37 4,232

Gross value

351

700

Accumulated amortisation & depreciation

(7)

(261) (239)

-

(672)

1 See Note 6.1.1

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018