Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20

Other provisions evolved as follows:

Litigation and claims

Other provisions

Litigation and claims

Other provisions

2018

2017

(in millions of euros)

Provisions as at 1 January

14

75 18

89 23

15 10

54 55

69 65

Increases

5 5

® Additions

6

11

3

13

16

® Provision for non-reccurring items ® Increase due to changes in consolidation scope

-

1

1

-

20

20

- -

7 4

7 4

-

22

22

® Other changes

7

-

7

Decreases

(5)

(52) (16) (36)

(57) (17) (40)

(11)

(34)

(45)

® Provisions used

(1)

-

(7) (7)

(7)

® Provisions reversed

(4)

(11)

(18)

® Decrease due to changes in consolidation scope

- -

- -

- -

- -

(1)

(1)

® Other changes

(19)

(19)

Provisions at closing Of which ® Non-current portion

14

41

55

14

75

89

14

25

39

14

42 33

56 33

® Current portion

-

16

16

-

Provisions for disputes relate to various supplier, employee and commercial issues.

Other provisions include in particular provisions for customer and supplier risks. Information on contingent liabilities is disclosed in Note 14.

8.2 Other non-current liabilities

In compliance with IAS 32, this debt is initially measured at the present value of the option exercise price. The counterpart of this debt is a decrease in the carrying value of the minority interets. The difference between the present value of the option exercise price and the carrying value is recorded in shareholder’s equity – Group share under other reserves. Subsequently, this debt is revalued by an offsetting entry in the income statement at the end of each period.

Items presented as other non-current liabilities include: ¯ investment subsidies: In compliance with the option offered by IAS 20, these subsidies are recorded as liabilities and are are transferred to the income statement as the associated assets are amortized; ¯ concession rent payable for concessions operated by TAV Airports; ¯ revenues from contracts accounted as deferred income; ¯ debt related to the minority put option.

At the end of the period, other non-current liabilities were as follows:

As at 31 Dec., 2018

As at 31 Dec., 2017

(in millions of euros)

Concession rent payable > 1 year

594

621

Investment grants

48 53 83

49

Debt related to the minority put option

18 91

Deferred income

Other TOTAL

2

1

780

780

€259 million for Ege (vs. €280 million and €273 million respectively as at 31 December 2017). The debt related to the minority put option concerns Ville Aéroportuaire Immobilier 1 which option exercise date will be at the end of 2023.

Concession rent payable relate to TAV Airports for TAV Milas Bodrum and TAV Ege which concession rent are fixed as defined in the concession agreements and have been recognized as counterparty for the airport operating right (see Note 6.1.1). As at 31 December 2018, non-current concession rent payable amounts to €269 million for Milas Bodrum and

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018