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

5.8 Financial income Financial income in 2018 amounted to €49 million and includes:

2018

2017

(in millions of euros)

Income from investments Swap interest income Other financial income

57

109

9

9

41

23

Financial income Interest on loans

106

141

(114)

(108)

Swap interest charges Other financial expenses Financial expenses FINANCIAL INCOME

(6)

(6)

(35)

(37) (151) (10)

(155) (49)

Financial income amounts to €106 million and mainly comprises: ◆ dividends received (€57 million), of which €37 million for the share of the holding in Tank Alpha and €12 million for Schiphol; ◆ interest income from swaps amounting to €9 million. Other financial income is mainly made up with: ◆ reversal of impairment on Tank Alpha securities in the amount of €3 million; ◆ reversal of impairment on current account of the Cœur d’Orly Investissement of €7 million;

Financial expenses for the 2018year primarily comprise interest on borrowings and swaps amounting to €120 million. The change in this type of expenses is consistent with the variation in borrowings and debt swaps (see Note 6.9 “Financial debt”). Other Financial expenses contains: ◆ impairment of €8 million on ADP International securities; ◆ net impairment of the Cœur d’Orly Investissement securities of €6 million; ◆ impairment of other securities of €4 million; ◆ impairment of other EPIGO receivables of €3 million; ◆ exchange losses amounting to €2 million.

◆ exchange gains amounting to €9 million; ◆ interest on current accounts of €8 million.

Breakdown of Group 1 and non-Group net financial income

Other financial income and expenses

Amortisation and reversal of provisions

Income from investments

Total

(in millions of euros)

TANK Holding ÖW Schiphol Group ADP International

-

- -

- -

-

12

12

- -

(8)

4

(4)

SAS Coeur d’Orly Investissement

1

- -

1

20

Hub One

2

-

2

TANK ÖWA alpha GmbH

37

3

12

52

Média ADP

2 3

-

-

2 2

Others

(3) (6)

1

Group Financial result Net financial income

56

18

68

- - -

- - -

- - -

(111)

Other financial income and expenses Financial result outside the Group

(6)

(117) (49)

FINANCIAL INCOME

-

-

-

1 Here, the Group encompasses all subsidiaries and shareholdings held by Aéroports de Paris SA.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018