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

The table below recapitulates all employee benefit obligations by illustrating: ◆ the change in actuarial value;

◆ a voluntary retirement age of 62 for supervisory and senior supervisory employees, and 64 for the management category. The company uses the corridor method for the accounting of actuarial differences (10%).

◆ liabilities entered on the balance sheet; ◆ expense analysis for the financial year.

Aviation industry long service medals

Additional retirement benefits

Health cover

Retirement

Total

Plan PARDA

(in millions of euros)

Actuarial value of obligation at opening

303

11 2

75

49

2

439

Interest costs

16

3

-

- - - - - - - - - - - - - -

22

Service costs for the period

5

-

1

1

7

Services provided

(6)

(1)

(5)

(3)

(15)

Reduction/curtailment Actuarial gain or loss

2 5

-

-

-

2 11

3

2

1

Actuarial value of obligation at closing Deferred actuarial difference on balance sheet

323 (48)

15

75

47

2

462 (88)

3

(48)

4

Market value of assets at closing

- -

- -

1

- -

1

Past service costs

-

-

Liabilities recognized in the balance sheet

275

18

28

51

2

373

Discount expenses

5

-

1

1

7

Amortisation of actuarial gains/losses

1

(1)

3 3

(16)

(13)

Service costs for the period

16

2

- - -

21

Past service costs

(3)

- - 1

(1)

(4)

Reduction/curtailment

2

-

2

EXPENSE FOR THE PERIOD

21

7

(15)

13

6.9 Financial debts Changes in financial debts

As at 31 Dec., 2018

As at 31 Dec., 2017 Increases Decreases

(in millions of euros)

Bonds

4,200

502 250

-

4,702

Loans from credit institutions

517

(100)

667

20

Other loans

5

1

(1)

4

Deposits, estimated fees and deposits received

15

6

(5)

17

Accrued interest on loans

69

72

(69) (175)

72

TOTAL

4,806

830

5,462

The proceeds from long-term debt consist primarily of €753 million in loans minus €4 million in bond redemption premiums and an increase of €6 million in deposits received. Accrued interest on loans stood at €72 million, including:

(in millions of euros) Acrued interest on bonds

68

Accrued interest on loans swapped

3

279

AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018