Universal Registration Document 2024

6 FINANCIAL INFORMATION

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

Derivatives are entered on the assets side of the statement of financial position under "Other current financial assets" or on the liabilities side under "Current borrowings and debt". Such derivatives can be cancelled at any time by paying or receiving a cash amount corresponding to their fair value.

u market value for interest rate and foreign exchange instruments, valued using discounting of differential future cash flows or on the basis of quoted prices issued by third party financial institutions. The fair value for forward contracts to sell foreign currencies corresponds to the difference between the currency amounts converted at the contractually fixed rates for each maturity and the currency amounts converted at the forward rate at the closing date for the same maturities. The fair value of a financial instrument reflects the effect of non- performance risk: the counterparty credit risk (Credit Valuation Adjustment - CVA) and the own credit risk of the Group (Debit Valuation Adjustment - DVA). For derivatives, the Group has elected to determine the CVA using a mixed model including market data (use of counterparty's spreads CDS) and historical statistic data. Concerning the supplier debts, which are measured at their fair value on initial recognition, subsequently at the amortised cost.

Fair value of financial instruments Measuring method of fair value

The best criterion for measuring the fair value of a contract is the price agreed upon between a buyer and seller operating on a free market under market conditions. At the date of the agreement, this is generally the transaction price. Subsequently, the value of the contract must be based on observable market data which constitute the most reliable indication of fair value for financial instruments: u discounted future cash flows for bonds and bank loans; u quoted prices on an organised market for non consolidated listed investments;

9.5.1 Categories of financial assets and liabilities

Breakdown by category of financial instrument

Hedging derivatives

Fair value

Trading debt derivatives or derivatives at fair value through P&L (2)

Equity instr. – FV through P&L

Equity instr. – FV through OCI

Fair value hedge

Cash flow hedge

As at 31 Dec. 2024

Fair value option (1)

Amortised cost

(in millions of euros)

Other non-current financial assets

1,688 1,049

– – – –

921

145

– – – – – – – – – – –

564

– – – – – – – – – – –

58

Trade receivables Other receivables (3)

– – – –

– – – –

1,049

– – – –

206 234

206 234

Other current financial assets Cash and cash equivalents TOTAL FINANCIAL ASSETS Non-current borrowings and debt Other payables and other non current liabilities (3) Current borrowings and debt TOTAL FINANCIAL LIABILITIES Trade payables

1,958 5,135 8,887

1,958 1,958

–

921

145

2,053 8,887

58

– –

– –

– –

– –

790

790

1,641 1,785

– – –

–

– – –

1,641 1,255

– – –

530 530

13,103

12,573

1 Identified as such at the outset. 2 Classified as held for trading purposes. The bond loan granted to GIL and the associated put option are shown under "Other non-current financial assets", while the call option associated with the transaction is shown under "Short-term borrowings". 3 Other receivables and other payables exclude all accounts which do not constitute, within the terms of IAS 32, contractual rights and obligations, such as tax and social security debts or receivables.

The Group does not recognise any equity instruments at fair value through OCI.

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