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

Gains and losses by category of financial instruments are as follows:

2018 (193) (180)

2017 (127) (126)

(in millions of euros)

Income, expenses, profits and loss on debt at amortised cost

Interest charges on debt at amortised cost

Net interest on derivative instruments held as cash-flow hedges Net interest on derivative instruments held as fair value hedges

(13)

(6)

- - -

4

Change in value of fair value hedging instruments

(56)

Change in value of hedged items

57

Gains and losses of financial instruments recognized at fair value in the income statement

15 15

7 7

Gains on cash equivalents (fair value option)

Gains realized and unrealized on derivative instruments not classified as fair value hedges (trading derivatives)

- 1

-

Profits and losses on assets held for sale

(9)

Dividends received

1

- -

Gains (losses) on disposal Net allowances to provisions

- -

(9)

Other profits and losses on loans, credits and debts and amortised cost

(20)

(42) (27)

Net foreign exchange gains (losses)

3

Other net profit

(23)

(15) (8)

Financial allowances to provisions for employee benefit obligations Financial allowances to provisions for employee benefit obligations TOTAL NET GAINS (NET LOSSES) RECOGNIZED IN THE INCOME STATEMENT

(9) (9)

(8)

(206)

(179)

9.4 Financial debt Bond issues and other interest-bearing liabilities are initially recognized at their fair value, which corresponds to the amount received, less attributable transaction costs, such as issue premiums and expenses. Subsequently, the debt is recognized according to the method of the amortised cost using the effective interest rate of the instrument. The effective rate corresponds to the rate that enables to obtain the booked value of a bond at its initial date, when discounting future cash flows related to the instrument.

Similarly, trade payables are recognized at their fair value at the date of their initial recognition. They are subsequently recognized at the amortised cost. Financial debts with maturities greater than one year are recognized as non-current debt. Financial debts due for repayment within less than one year are recognized as current debt.

20

9.4.1 Details of loans and financial debt Loans and financial debt at the closing date may be analysed in this way:

Non- current portion

As at 31 Dec., 2018

Non-current portion

Current portion

Current portion

As at 31 Dec., 2017

(in millions of euros)

Bonds

4,678 2,078

4,379 1,350

299 728

4,179 1,623

4,179 1,057

-

Bank loans 1

566

Other loans and assimilated debt

212 98

180

32 98

42 67

35

7

Accrued interest

-

-

67

Debt (excluding derivatives)

7,066

5,909

1,157

5,911

5,271

640

Derivative financial instruments (liabilities)

63

61

2

54

49

5

TOTAL DEBT 645 1 The current portion of bank loan liabilities notably includes bank loans contracted by TAV Tunisia. Due to the no-respected funding convention, bank loans of TAV Tunisia are classified under the exigible debts for an amount of €342 million as at 31 December 2018. 7,129 5,970 1,159 5,965 5,320

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018