Universal Registration Document 2022
F I NANC I AL I NFORMAT I ON 6 GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022
MATURITIES The maturity schedule of loans and receivables is as follows:
As at 31 Dec. 2022
0 -1 year
1 -5 years
Over 5 years
(in millions of euros)
Receivables and current accounts from associates Other receivables and accrued interest related to investments
181
28
12
141
2
2 2
-
-
Loans and security deposits
19
13
4
Receivables, as lessor, in respect of finance leases
120
5
- -
115
Receivables from asset disposals
3
1
2 5
Other financial assets
337 938
199 938
133
- - -
- - -
Trade receivables 1
Contract assets
4
4
171
171
Other receivables 2
LOANS AND RECEIVABLES
1,775
1,350
158
267
1 Trade receivables include the DGAC receivable of €368 million. 2 Other receivables exclude all accounts which do not constitute, within the terms of IAS 32, contractual rights, such as tax and social security receivables.
CREDIT RISKS
Credit risk represents the risk of financial loss to the Group in the case where a customer or counter-party to a financial instrument failing to meet its contractual obligations. This risk essentially results from customer debts and investment securities.
The book value of financial assets represents the maximum exposure to credit risk. This maximum exposure to credit risk on the closing date is as follows:
As at 31 Dec. 2022
As at 31 Dec. 2021
(in millions of euros)
Equity instruments
189
480
Loans and receivables less than one year Loans and receivables more than one year
1,350
1,200
425
492
Cash and cash equivalents
2,631
2,379
Interest rate swaps held for hedging purposes
54
-
TOTAL
4,649
4,551
The Groupe ADP may be required to provide financial support to these airport management companies in which it is a shareholder. In addition, if the negotiations to rebalance the situation of some of its international concessions fail, the group could be led to make arbitration decisions, including withdrawing from the project.
Loans granted to international subsidiaries were impaired as part of impairment tests carried out on companies consolidated by the equity method for an amount of €171 million for previous years and €9 million in 2022, as well as a reclassification of a provision for risks against impairment of loans to companies accounted for by the equity method for €73 million, i.e. , a total amount of impaired loans of €266 million (see Note 4.9.1).
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AÉROPORTS DE PAR I S / UN I VERSAL REG I STRAT I ON DOCUMENT 2022
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