Universal Registration Document 2024
6 FINANCIAL INFORMATION
COMPANY FINANCIAL STATEMENTS OF AEROPORTS DE PARIS SA AT 31 DECEMBER 2024
Other commitments given mainly comprise: u the amount of capital contributions to be made by Aéroports de Paris SA to finance the CDG Express project, in the amount of €138 million. This project is partly financed by an equity bridge loan contract, which will have to be repaid on commissioning by the partners of the Infrastructure Manager (IM). Aéroports de Paris SA owns 33% of the GI;
u the commitment to make the remaining payments of €66 million from the investment funds; u a €22 million vendor warranty granted to Artelia in connection with the sale of ADP Ingénierie.
Aéroports de Paris SA, as lessor, shall receive the following minimum payments on the lease agreements in force as at 31 December 2024:
Total 3,330
<1 year
1 to 5 years
>5 years
(in millions of euros)
Minimun future payments to be received
300
932
2,098
8.2 Contingent liabilities In the ordinary course of its business, Aéroports de Paris SA is involved in a certain number of judicial and arbitral proceedings. Aéroports de Paris SA is also subject to certain claims and lawsuits which fall outside the scope of the ordinary course of its business.
The amount of provisions made is based on Aéroports de Paris SA’s assessment of the level of risk on a case-by-case basis and depends on its assessment of the basis for the claims, the stage of the proceedings and the arguments in its defense, it being specified that the occurrence of events during proceedings may lead to a reappraisal of the risk at any moment. At 31 December 2024, there are no contingent liabilities.
NOTE 9 REMUNERATION AND HEADCOUNT
9.1 Remuneration allocated to members of administrative and management bodies Senior executives at Aéroports de Paris SA are: the Chairman and Chief Executive Officer, the members of the Executive Committee (15) and the board members appointed by the General Meeting and by the State (12 eligible board members and 4 censors). This compensation amounts to €8.7 million in 2024 in comparison to €8.3 million in 2023.
This compensation includes short-term benefits (fixed and variable compensation and benefits in kind), as well as the corresponding employer charges, post-employment benefits, and directors’ compensation. The increase is linked to the increase in the total payroll of Executive Committee members and is mainly due to the difference between the performance bonuses paid in 2023 (in respect of 2022), which had been significantly affected by the failure to achieve the "satisfaction rate at departure" target, and the performance bonuses paid in 2024 (in respect of 2023) which took account of the achievement of all the 2023 targets set. Details of compensation are presented in the following table:
As at 31 Dec. 2024 As at 31 Dec. 2023
(in thousands of euros) Salaries and wages
5,814 2,311 8,125
5 490 2 186 7 676
Social security expenses
Total short term remuneration
Post employment benefit
135 452
196
Directors' fees
430
TOTAL
8,712
8 302
674
AÉROPORTS DE PARIS w UNIVERSAL REGISTRATION DOCUMENT 2024
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