Universal Registration Document 2022

F I NANC I AL I NFORMAT I ON

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2022

11.4 Deferred tax assets and liabilities broken down by category Deferred tax assets and liabilities are presented on the balance sheet as follows:

As at 31 Dec. 2022

As at 31 Dec. 2021

(in millions of euros)

In respect of deductible temporary differences Employee benefit obligation Tax loss carryforward - tax consolidation group

112

167

-

45

Tax loss carryforward - other entities Provisions and accrued liabilities

18

16

9 2

6

Finance leases

-

Investment incentives

14 10 62

10

Lease obligations

11

Other

64

For taxable temporary differences Accelerated tax depreciation and other regulated provisions Property and equipment, airport operation rights and intangible assets

(347)

(333) (110) (92)

(98) (95)

Purchase Price Allocation

Loans and borrowings

(6)

(7)

Derivatives

(10)

6

Effects of IAS 29 - Hyperinflation

(5)

-

6

Other

(57)

(57)

NET DEFERRED TAX ASSETS (LIABILITIES)

(391)

(274)

As of 31 December 2021, the Group has recognized deferred tax assets in respect of tax loss carry forwards generated by the French tax group, amounting to €45 million of deferred tax assets based on a tax rate of 25.83%. For the year 2022, the Group has fully deducted these losses against the profit for the period.

11.5 Table of changes in deferred tax assets and liabilities Deferred tax assets and liabilities evolved as follows between the beginning and the end of the period:

Net amount

Assets

Liabilities

(in millions of euros)

As at 1 January 2022

26

300

(274)

Amount recognized directly through equity on employee benefit obligations

1

18

(17)

Effect of IAS 29 - Hyperinflation

-

-

-

Amount recognized directly through equity on fair value change

(2)

12

(14) (75) (12)

Amounts recognized for the period

17

92

Translation adjustments

(1)

11

Changes in consolidation scope

1

-

1

As at 31 December 2022

42

433

(391)

The amounts of deferred tax assets and liabilities are presented net for each taxable entity (IAS 12.74).

413

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