Aéroport de Paris - 2018 Registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 20 COMPANY FINANCIAL STATEMENTS AND NOTES OF AÉROPORTS DE PARIS S.A

5.5 Taxes other than income taxes

2018 (96)

2017 (93) (57) (54) (21) (22)

(in millions of euros)

Property tax

Territorial financial contribution

(71)

Non-refundable VAT on safety expenditure

(54) (21) (23)

Tax on earnings

Other taxes

TAXES OTHER THAN INCOME TAXES

(265)

(247)

Duties and taxes increased by 7% for a total of €265 million at 31 December 2018: ◆ in terms of Property tax, the increase (+€3 million) is primarily the result of the updating of our tax bases and of the application of the reform of lease values implemented in 2017;

◆ with respect to the CET (Contribution Economique Territoriale), the increase (+€14 million) is the result of the changes made to our property bases plus the effect of the increase in the added value for the period.

5.6

Employee benefit costs

2018 (376) (162)

2017 (381) (165)

(in millions of euros)

Salaries

Social security expenses

Profit-sharing bonus

(14) (19)

(13) (19)

Works Council

Tax credit for competitivity and employment

4

4

Other employee expenses EMPLOYEE BENEFIT COSTS

(19)

(17)

(586)

(590)

Other employee benefit costs include the PEE/PERCO contributions, meals for employees of Aéroport de Paris SA outside the restaurants managed by the Works Committee, and additional retirement benefits. The amount of additional retirement benefits for 2018 increased by €2 million compared to 2017, following retirements under an early retirement plan.

Employee benefit costs amounted to €586 million as of 31 December 2018, a reduction of €4 million compared to last year. The decrease in average headcount of -1.5% resulted in a decrease in employee benefit costs by approximately -€6 million.

5.7 Operating depreciations, amortisations and reversals

2018

2017

Additions

Reversals

Additions

Reversals

(in millions of euros)

Intangible assets

(20)

- - -

(19)

- - -

Property, plant and equipment

(432) (453)

(420) (439)

Depreciation and Amortisation of fixed assets

Provisions for risks

(6)

18 15

(11)

17 18

Provisions for expenses

(13) (19)

(24) (36)

Provisions for liabilities and expenses Trade receivables and related accounts

33

35

(7) (7)

1 1 -

(3) (3)

6 6

Depreciation of receivables Transfer of operating charges

-

-

1

TOTAL

(477)

35

(477)

42

Provisions for liabilities and expenses amount to €19 million, including mainly provisions for commitments for end-of-career benefits. The amount of allowances for impairment of doubtful and disputed receivables is €7 million.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018