Universal Registration Document 2024

FINANCIAL INFORMATION 6

GROUPE ADP CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 DECEMBER 2024

9.5.2 Fair value hierarchy

Fair value hierarchy IFRS 13, "Fair Value Measurement", establishes a fair value hierarchy and distinguishes three levels: u level 1: fair value based on quoted prices for the same instrument in an active market (without modification or repackaging). This level mainly applies to marketable securities whose prices are reported by the French Financial Markets Authority (Autorité des Marchés Financiers); u level 2: fair value based on quoted prices for similar assets or liabilities and valuation techniques whose major data are based on observable market data. This level applies mainly to derivative instruments whose

recorded valuations are provided by the Group's banking counterparties. This level applies mainly to derivative instruments whose recorded valuations are provided by the Group's banking counterparties. Valuations are reviewed by the Group Treasury department on the basis of information supplied by Reuters/Bloomberg; u level 3: fair value based on valuation techniques whose major data are not all based on observable market data. This level is used for equity securities issued by TAV Tunisia, for the loan granted to GMR Airports and the related derivatives.

The fair value hierarchy for financial instruments in 2024 and 2023 is as follows:

Level 1 Quoted prices

Level 2 Prices base on observable data

Level 3 Prices base on non observable data

As at 31 Dec. 2024

in active markets

Book value Fair value

(in millions of euros)

ASSETS Equity instruments - fair value through P&L Loans and receivables excluding finance leases receivables

145

145

–

145

–

1,594 1,049

1,594 1,049

– – –

680

914

Trade receivables

1,049

– 7 – – – –

Derivatives

65

65

58

Cash and cash equivalents

1,958

1,958

1,958

–

LIABILITIES Bonds Bank loans

7,726 1,893

7,827 2,228

– – – – – – – –

7,827 2,228

Lease liabilities

168 175 180 530

168 175 180 530

168 160 180

Other loans and assimilated debt

15

Accrued interest

–

Derivatives

–

530

Other non-current liabilities

812

812

812

– –

Other payables and deferred income

1,355

1,355

1,355

Level 1 Quoted prices

Level 2 Prices base on observable data

Level 3 Prices base on non observable data

As at 31 Dec. 2023

in active markets

Book value Fair value

(in millions of euros)

ASSETS Equity instruments – fair value through P&L Loans and receivables excluding finance leases receivables

99

99

–

99

–

1,492 1,028

1,492 1,028

– – – – – – – – – – – –

598

894

Trade receivables

1,028

–

Derivatives

65

65

42

23

Cash and cash equivalents

2,343

2,343

2,343

– –

– – – – –

LIABILITIES

–

–

Bonds

7,691 1,689

7,671 2,027

7,671 2,027

Bank loans

Lease liabilities

111

111

111

Other loans and assimilated debt

175 156 565 756

175 156 565 756

152 156

23

Accrued interest

–

Derivatives

10

555

Other non-current liabilities

756

– –

Other payables and deferred income

1,239

1,239

1,239

613

UNIVERSAL REGISTRATION DOCUMENT 2024 w AÉROPORTS DE PARIS