Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON 6 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

6.2.1 IFRS 16 Lease contracts, Groupe ADP as Lessee

Contracts on the scope of this standard mainly concern real estate and vehicles lease contracts. In accordance with the provisions of the standard, the Group has chosen to use the two practical expedients offered to to lease agreements and not apply IFRS 16 restatement to contracts which: ◆ the underlying asset is of low value; the Group has adopted €5 thousand as a threshold; ◆ the initial duration of the contract is less than or equal to 12 months. The right of use related to lease contracts restated are included in tangible assets and the lease debt is included in current debt for the part less than one year, and in non-current dept for the part higher than one year (see note 9.4.1). Interest expense on lease obligations is presented in the financial result in Note 9.3.

The Group applies IFRS 16 “Leases”. This standard requires for each lease agreement in which the Group is a lessee, with some exceptions, the recognition of an asset related to the right of use for lease contracts previously classified as operating leases pursuant to IAS 17 and a lease debt equivalent to the present value of the remaining payments of the lease. The Group discounts the lease obligations of the contracts at the marginal borrowing rate taking into account the remaining term of the contracts at the date of first application of the standard. The Group assesses whether a contract is a lease under the new IFRS 16 standard at the contract’s inception. This valuation requires the exercise of judgment to assess whether the contract relates to a specific asset, and if the Group obtains substantially all the economic benefits associated with the use of the asset and has the ability to control the use of that asset.

The assets related to the use right are detailed as follows:

Land and improvements

Plant and equipment 1

Total

of land Buildings

Other

(in millions of euros)

Gross value

52

86

12

1

151

Accumulated amortisation, depreciation and impairment

(11)

(21)

(7)

- 1 1 - - - -

(39)

Carrying amount as at Jan 1, 2022

41

65

5

112

Purchases

-

2

- -

3

Disposals and write-offs

(1)

-

(1)

Amortisation, depreciations et impairment

(4)

(10)

(3)

(17)

Effect of IAS 29 - Hyperinflation

- -

5

- -

5

Transfers to and from other headings Carrying amount as at 31 December 2022

1

1

36

63 93

2

2

103 157

Gross value

51

12

1 1

Accumulated amortisation, depreciation and impairment

(15)

(30)

(10)

(54)

1 Including vehicles.

6.3 Investment property

Mixed-use buildings that meet the definition of investment properties are retained up to the amount of the share of the floor space occupied by third parties. Investment properties appear on a specific line of the balance sheet and as allowed by IAS 40, are valued using the historical cost method, their cost diminished by the accumulated depreciation and cumulative impairment losses. These losses represent the difference between the net book value and the expert value of an asset if the latter is less than the historical cost less depreciation. The buildings concerned are depreciated on a straight-line basis based on the lifetimes of the various components, ranging from 20 to 50 years.

Investment properties are real estate (land, building, building complex or part of one of these elements) whether held in full ownership or through a ground lease contract and to be leased to third parties and / or in the prospect of a capital gain. Investment properties are defined as opposed to buildings occupied by Groupe ADP for its own needs (head offices, administrative buildings, or operating buildings.) Those buildings are valued in the balance sheet under the item Tangible fixed assets. Vacant buildings that are not intended to be used by Groupe ADP for its own needs are treated as investment properties. Those are essentially owned by Aéroports de Paris SA.

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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022