Universal Registration Document 2022

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

11.2 Analysis of the income tax expense Within the income statement, the income tax expense is detailed as follows:

2022 (98) (74) (172)

2021

(in millions of euros)

Current tax expense

146

Deferred tax income/(expense)

(155)

INCOME TAX EXPENSE

(9)

corporate income tax rate applicable to fiscal years beginning on or after 1 January 2022 ( i.e. , 25%). This carry-back claimmay be offset against tax payable in respect of subsequent years and, if not used, will be reimbursed at the end of a five-year period, i.e. , in 2026. After taking into account the corporation tax for the year 2022 and the tax credits, the receivable from the State amounts to €106 million at 31 December 2022.

These amounts do not include income tax on profit/loss associates and joint ventures, the amounts that appear for these items on the appropriate line of the income statement being net of income tax. As a reminder, in 2021, the Group opted for the exceptional carry-back mechanism for the deficit recognized in respect of the year ended 31 December 2020, which was permitted by the 1 st Amending Finance Act (LFR) for 2021. The entire 2020 deficit was carried back to the 2019 profit. 156 million based on the

11.3 Tax reconciliation The reconciliation between the theoretical income tax based on the tax rate applicable in France and the effective expense/income tax is as follows:

2022

2021

(in millions of euros)

Net results from continuing activities

592 (14)

(247)

Share of profit or loss from associates and joint ventures

61

Expense / (Income) tax expense

172

9

Income before tax and profit/loss of associates

750

(177)

Theoretical tax rate applicable in France Theoretical tax (expense)/income

25.83%

28.41%

(194)

50

Impact on theoretical tax of: Different rate on taxable income and payment at source Previously unrecognized tax loss carryforwards used in the period

4 4

12

3

Tax losses incurred in the period for which no deferred tax asset was recognized

(21)

(23)

Changes in unrecognized temporary differences

-

(2) (9)

Evolution of tax rates

1

Non-deductible expenses and non-taxable revenue

15

(38)

Tax credits

5

5

Provisions for income tax

-

-

Investment incentives applicable in Turkey

4

(6) (2)

14

Adjustments for prior periods 1

Others adjustments

(4)

1

Effective tax (expense)/income

(172)

(9)

Effective tax rate

22.96%

4,.71%

1 The adjustments for prior periods relate in part to the regulation of the tax treatment of the return to full ownership of assets from construction leases and temporary occupation authorization.

In 2022, the theoretical tax rate used is 25.83%. In 2021, the theoretical tax rate used by the Group to determine the theoretical tax charge was 28.41%.

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