Universal Registration Document 2024
6 FINANCIAL INFORMATION
GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024
The breakdown of revenue by country of destination is as follows:
2024 4,192
2023 3,868
(in millions of euros)
France Turkey
648 495 277 149 397
540 415 277 107 288
Kazakhstan
Jordan Georgia
Rest of the world
REVENUE
6,158
5,495
The breakdown of non-current assets by country is as follows:
2024 9,078 2,353
2023 8,711 2,276
(in millions of euros)
France Turkey
Kazakhstan
648 789 568
560 613 882 242 674
Jordan
India
Georgia
183
Rest of the world
1,013
TOTAL NON-CURRENT ASSETS (INTANGIBLE ASSETS, PROPERTY, PLANT AND EQUIPMENT, INVESTMENT PROPERTY AND INVESTMENTS IN ASSOCIATES)
14,632
13,958
4.2 Revenue
Groupe ADP applies IFRS 15 “revenue from Contracts with Customers”for services offered to its clients and IFRS 16 “Leases” for lease agreements as a lessor. Accounting principles for Groupe ADP's revenue according to its five segments breaks down as follows: 1. Aviation segment Airport and ancillary fees of Aéroports de Paris SA: these fees are framed by legislative and regulatory provisions, including in particular the limitation of the overall revenue from airport charges to the costs of services provided and the fair remuneration of the capital invested by Aéroports de Paris assessed with regard to the weighted average cost of capital (WACC) of the regulated scope. This regulated scope includes all Aéroports de Paris SA activities at airports in the Paris region except for activities related to retail and services, land and real estate activities that are not aviation-related, activities linked to security and safety financed by the airport tax, the management by Aéroports de Paris SA of assistance with soundproofing for local residents, and other activities carried out by subsidiaries. Even if the economic regulation of Aéroports de Paris is based preferentially on economic regulation agreements (ERA), the 2024 tariff period took place in a legal framework outside ERA. In any case, the annual procedure for setting fee tariffs, with or without ERA, requires Aéroports de Paris to consult users on the annual price
proposal and to submit a request for approval to ART (Autorité de Régulation des Transports). When the ART is contacted, it ensures, among other things, that the tariffs comply with the general rules applicable to fees. In its decision n°2024-087 of 12 December 2024, the ART approved Aéroports de Paris' airport fees for the tariff period from 1 April 2025 to 31 March 2026. For Paris Charles de Gaulle and Paris-Orly airports, this approval means an average increase in fees of 4.5%, including a 25% increase in PHMR assistance fees (fees for people with disabilities and reduced mobility), and an average increase of 5.5% for Paris-Le Bourget airport. Airport fees include fees per passenger, landing fees and parking fees, calculated respectively according to the number of boarded passengers, the weight of the aircraft and parking time. These fees are recognised as revenue when the corresponding services are used by the airline. Ancillary fees include fees for the provision of facilities such as check-in and boarding desks, baggage sorting facilities and fixed installations for the supply of electricity. They also include fees for support services for disabled people and those with reduced mobility and other ancillary fees linked to check-in and boarding technology, airport circulation (badges), and the use of solid waste shredding and de-icing stations. These fees are recognised as revenue when the corresponding services are used by the airline.
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AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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