Aéroport de Paris - 2018 Registration document
ORGANISATION CHART
RISK MANAGEMENT AND CONTROL
PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT
STATUTORY AUDITORS
SELECTED FINANCIAL INFORMATION
INFORMATION ON THE COMPANY
BUSINESS OVERVIEW
REAL ESTATE ASSETS AND FACILITIES
REVIEW OF THE FINANCIAL POSITION AND INCOME
EQUITY AND CASH FLOWS
Human resources risks – Extra-financial risk
RISK IDENTIFICATION
RISK MONITORING AND MANAGEMENT
Achieving the Group’s ambition requires, specifically, the commitment and mobilisation of the men and women who work for it, based around shared objectives and common values. The achievement of Groupe ADP’s objectives and results may be affected by: ® inadequate human resources and skills for its needs and development; ® a sudden deterioration in the labour-management relations climate.
The Human Resources (HR) policy contributes directly to the priorities of the Connect 2020 strategic plan and the ERA 2016- 2020, in particular by: ® anticipating and managing changes in organisations and jobs; ® promoting the development of employees and the development of a managerial culture; ® attracting and retaining talent, whilst complying with the Company’s CSR commitments. In France, Aéroports de Paris SA negotiated a new agreement in 2018 that redefines the employment and skills policy. It aims to prepare for the challenges of changes to employment and skills on a 2025 horizon. Managing talents and career paths allows us to: ® meet the strategic needs of the Company and organisations, including the Group and international dimensions; ® provide visibility to employees. Aéroports de Paris SA places particular importance on the quality of labour-management discussions. A significant step forward for the future and the quality of labour-management discussions will be made through the ongoing work on changing the current bodies into a Social and Economic Committee (CSE). In Turkey, TAV Airports has prepared a plan to support redundancies brought about by the early end to the Atatürk airport concession. The goals, policies and achievements of this extra-financial risk are described in the “Social policy” paragraph of the “Social, environmental and societal responsibility information” chapter.
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Financial risk In addition to derivative instruments, the Group’s main financial liabilities consist of bank loans and overdrafts, bonds, rental financing debts, supplier debts and rental contracts. The main objective of these financial liabilities is to finance the Group’s operating activities. The Group has other financial assets such as customer debts, cash and short-term deposits that are generated directly by its activities.
The Group also holds derivative instruments, mainly interest rate swaps. The objective of these instruments is the management of interest rate risks linked to the financing of the Group. The main risks linked to the Group’s financial instruments are:
◆ market risk; ◆ liquidity risk; ◆ credit risk.
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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018
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