Universal Registration Document 2024

FINANCIAL INFORMATION 6

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

6.2.1 IFRS 16 Leases, Groupe ADP as Lessee

The Group applies IFRS 16 "Leases". This standard requires for each lease agreement in which the Group is a lessee, with some exceptions, the recognition of an asset related to the right of use for lease contracts previously classified as operating leases pursuant to IAS 17 and a lease debt equivalent to the present value of the remaining payments of the lease. The Group discounts the lease obligations of the contracts at the marginal borrowing rate taking into account the remaining term of the contracts at the date of first application of the standard. The Group assesses whether a contract is a lease under the new IFRS 16 standard at the contract's inception. This valuation requires the exercise of judgement to assess whether the contract relates to a specific asset, and if the Group obtains substantially all the economic benefits associated with the use of the asset and has the ability to control the use of that asset.

Contracts on the scope of this standard mainly concern real estate and vehicles lease contracts. In accordance with the provisions of the standard, the Group has chosen to use the two practical expedients offered to lease agreements and not apply IFRS 16 restatements to contracts which: u the underlying asset is of low value; the Group has adopted €5,000 as a threshold; u the initial duration of the contract is less than or equal to 12 months. The right of use related to lease contracts restated are included in tangible assets and the lease debt is included in current debt for the part less than one year, and in non current debt for the part higher than one year (see note 9.4.1). Interest expense on lease obligations is presented in the financial income and expenses in note 9.3.

The assets related to the rights of use are detailed as follows:

Land and improvements of land

Plant and equipment (1)

Buildings

Other

Total

(in millions of euros)

Gross value

–

115

18

4

198

Accumulated depreciation and impairment

(19)

(43)

(15)

(1)

(78) 120

Carrying amount as at 1 Jan. 2024

42

72

3

3 –

Purchases

–

2

1

3

Depreciation and impairment Changes in consolidation scope

(4)

(14) 124

(3)

(1)

(22)

– – – 7

– – –

2 – – – 4 4

126

Translation adjustments

7 3

7 3

Effects of IAS 29 – Hyperinflation Transfers to and from other headings Carrying amount as at 31 Dec. 2024

10

4 5

21

45 58

204 274 (70)

258 358

Gross value

22

Accumulated depreciation and impairment

(13)

(17)

–

(100)

1

Including vehicles.

Changes in consolidation scope relating to property, plant and equipment reflect the acquisition of Extime PS in October 2024 (see note 2 on Significant events).

6.3 Investment properties

Investment properties are real estate (land, building, building complex or part of one of these elements) whether held in full ownership or through a ground lease contract and to be leased to third parties and/or in the prospect of a capital gain. Investment properties are defined as opposed to buildings occupied by Groupe ADP for its own needs (head offices, administrative buildings, or operating buildings.) Those buildings are valued in the balance sheet under the property, plant and equipment. Vacant buildings that are not intended to be used by Groupe ADP for its own needs are treated as investment properties. Those are essentially owned by Aéroports de Paris SA. Mixed-use buildings that meet the definition of investment properties are retained up to the amount of the share of the floor space occupied by third parties. Investment properties appear on a specific line of the statement of financial position and as allowed by IAS 40,

are valued using the historical cost method, their cost diminished by the accumulated depreciation and cumulative impairment losses. These losses represent the difference between the net book value and the expert value of an asset if the latter is less than the historical cost less depreciation. The buildings concerned are depreciated on a straight-line basis based on the lifetimes of the various components, ranging from 20 to 50 years. The breakdown by component is the same as for property, plant and equipment (see note 6.2). Long-term leases of land of in Building Leases and Temporary Occupation Authorisations for which the Group is the lessor are generally for a minimum term of 40 years. These leases also provide that, in addition to fixed cash payments throughout the lease, the Group obtains, at the end of the contract, full ownership of the buildings built by the lessee unless the Group waives it. In this case, the lessee will bear the demolition costs.

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UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS