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

5.9 Extraordinary income

2018

2017

(in millions of euros)

Accelerated depreciation write-off Other extraordinary income from assets Extraordinary income from assets

79

73 36

8

87

109

Reversal of provisions for liabilities and expenses

15 19

19

Other extraordinary income Sundry exceptional income

2

34

21

Extraordinary income

122

130

Accelerated depreciation expenses Other extraordinary expenses on assets Extraordinary expenses on assets

(100)

(107) (20) (127) (20)

(12)

(112)

Provisions for extraordinary liabilities and expenses

(1)

Other extraordinary expenses Sundry extraordinary expenses

(16) (17)

(3)

(23)

These adjustments relate mainly to the depreciation of intangible assets (concession agreements, customer relationship)

(130)

(150) (20)

EXTRAORDINARY INCOME

(8)

Aéroports de Paris SA benefits from a system codified in Article 217 octies of the French General Tax Code which allows companies subject to income tax to implement accelerated tax depreciation over five years for their cash investments in innovation SMEs under certain conditions.

In 2018, the main changes in other extraordinary income concern the CET tax relief for financial years 2010 to 2014 in the total amount of €19 million. Accelerated tax depreciation consists primarily of accelerated tax depreciation on property, plant and equipment.

5.10 Income tax expenses Break down of tax

Net income excluding profit sharing

Income before tax

Taxes (262)

(in millions of euros)

Current result

856

594

Extraordinary income

(8)

3 4

(6)

Tax consolidation revenue

-

4

TOTAL (EXCLUDING PROFIT SHARING)

847

(256)

592

Aéroports de Paris does not recognise deferred tax in its statutory financial statements.

270

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018