Universal Registration Document 2024

FINANCIAL INFORMATION 6

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

4.4 Trade receivables Trade receivables break down as follows:

As at 31 Dec. 2024 As at 31 Dec. 2023

(In millions of euros) Trade receivables (1) Doubtful receivables

1,049

1,028

81

112

Accumulated impairment

(81)

(112)

NET AMOUNT

1,049

1,028

1 The receivable from Direction Générale de l'Aviation Civile (DGAC) amounts to €394 million. This receivable does not include an advance of €221 million paid by Agence France Trésor (AFT) to cover operating expenses (see note 4.8 Other payables and deferred income).

Impairment losses applied in accordance with the IFRS 9 have changed as follows:

As at 31 Dec. 2024 As at 31 Dec. 2023

(in millions of euros)

Accumulated impairment at beginning of period

(112)

(108)

Increases Decreases

(14)

(25)

39 (2)

14

Translation adjustments

3

Change in consolidation scope

7

-

Other changes

1

4

Accumulated impairment at end of period

(81)

(112)

Groupe ADP recognised a net impairment reversal on trade receivables of €25 million in 2024, compared to a net impairment loss of €11 million in 2023. The change in consolidation scope line representing €7 million mainly corresponds to the sale of ADP Ingénierie.

The Group classifies receivables by risk of customer default with which a percentage of impairment is associated depending on the age of the claim. A review of risk levels was carried out after the recognition of bad debts. Impairment taken against receivables was stable compared with 31 December 2023, while the ratio of impairment to receivables improved.

4.5 Recurring operating expenses

Current operating expenses are reported according to their nature and comprise raw material and consumables used, external services and charges, taxes other than income taxes and other operating charges. With regards to taxes, the Group considers that the company value-added contribution (Cotisation sur Ajoutée des Entreprises - CVAE) cannot be analyzed as an income tax.

4.5.1 Purchases used in production Purchases used in production are broken down as follows:

2024 (538) (251)

2023 (424) (225)

(In millions of euros) Cost of goods Cost of fuel sold

Electricity

(69)

(48)

Studies, research and remuneration of intermediaries

(9)

(7)

Gas and other fuels Operating supplies Winter products

(16) (15) (14) (31)

(19) (13)

(8)

Operating equipment and works

(57) (36)

Other purchases

23

TOTAL

(920)

(837)

The increase in purchases used in production of €83 million compared with 2023 is mainly attributable to the cost of fuel sold and the cost of goods in line with increased activity comparatively 2023. Other purchases include discounts and rebates for €73 million obtained by Extime Duty Free Paris and ETEP Operations SNC.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS