Universal Registration Document 2024

FINANCIAL INFORMATION 6

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

9.3 Net financial expense

Financial income and expenses include interest payable on borrowings calculated using the effective interest rate method, interest on investments, interest on social liabilities resulting from defined benefit plans, foreign exchange gains and losses on hedging instruments that are recognised in the income statement As such, it

includes realised income derivatives carried by Groupe ADP, whether or not documented hedges. Financial income and expenses also include the accretion of debts on concession rents and the impairment of loans granted to companies accounted for using the equity method.

The analysis of net financial expense is as follows respectively for 2024 and 2023:

Financial income

Financial expenses

2024 net financial expense

(in millions of euros)

Gross interest expenses on debt

– –

(280)

(280)

Interest expenses linked to lease obligations

(6)

(6) 60

Net income (expense) on derivatives and changes in derivative values

76 76

(16)

Cost of gross debt

(302)

(226)

Income from cash and cash equivalents

120 196

1

121

Cost of net debt

(301)

(105)

Income from non-consolidated investments

4

–

4

Gains and losses on disposal of non-consolidated investments

–

(10)

(10) (11) (31)

Net foreign exchange gains (losses)

169

(180) (50) (54) (294) (595)

Impairment and provisions

19

Other

55

1

Other financial income and expenses Net financial income (expense)

247 443

(47) (152)

Financial income

Financial expenses

2023 net financial expense

(in millions of euros)

Gross interest expenses on debt

– –

(272)

(272)

Interest expenses linked to lease obligations

(6)

(6) 40

Net income (expense) on derivatives and changes in derivative values

595 595

(555) (833)

Cost of gross debt

(238)

Income from cash and cash equivalents

94

–

94

Cost of net debt

689

(833)

(144)

Income from non-consolidated investments

5 2

–

5

Gains and losses on disposal of non-consolidated investments

(1)

1

Net foreign exchange gains (losses)

151

(187) (38) (56) (282) (1,115)

(36)

Impairment and provisions

41

3

Other

–

(56) (83)

Other financial income and expenses Net financial income (expense)

199 888

(227)

Financial income and expenses also include impairment losses on loans granted to companies accounted for by the equity method, the results of which are no longer recognised (see note 4.9.1), other financial income and expenses related to restructuring operations and the positive impact of IAS 29

linked to hyperinflation. Income and expenses on derivatives and changes in the value of derivatives recorded in financial income and expense mainly concern derivatives linked to the merger between GIL, GIDL and GAL for €29 million.

607

UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS