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
223
AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018
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