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

NOTE 7 NOTES TO THE CASH FLOW STATEMENT

7.1

Change in working capital

2018

2017

(in millions of euros)

Change in inventories Accounts receivable

(2)

1

25

37

Customers – doubtful accounts

(3)

3

Customers – invoice to be established Taxe receivable other than income taxes Depreciation of receivable accounts

(14)

(1)

7 6

13

(3)

Other

(47) (27)

2

Total trade and other receivables

52

Trade payables

6

(40) (10)

Staff

-

Social security expenses

(3) (2)

-

Tax liabilities excluding income taxes

(1)

Accrued liabilities Deferred income

-

(4)

(7) (6)

4

Employees’ profit sharing

(2)

Other

-

4

Total trade and other payables CHANGE IN WORKING CAPITAL

(12)

(50)

(40)

3

Other debtors, in the amount of -€47 million, include CDG Express for €38 million, SNCF Réseau for €6 million and €3 million for assistance to local residents.

7.2 Acquisition of participation

2018

2017

(in millions of euros)

ADP Ingénierie

- -

11

ADP Immobilier Tertiaire

17

SAS Coeur d’Orly Investissement

15 17 31

-

20

Other

22 50

ACQUISITION OF SUBSIDIARIES AND INVESTMENTS IN OTHER ENTITIES

Aéroports de Paris SA has subscribed to two new investment funds: €10 million for CATHAY II and €7 million for White Star.

7.3 Change in other financial assets The €579 million change in other financial assets is the result of: ◆ the change in cash advances in the amount of -€13 million, of which €8 million for ADP Immobilier Tertiaire and €5 million for EPIGO; ◆ the change in current account assets of -€567 million (see Note 6.3). 7.4 Dividends received Aéroports de Paris SA received €79 million, of which €57 million in dividends for the year and €22 million for the previous year.

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AÉROPORTS DE PARIS ® REGISTRATION DOCUMENT 2018