Inhaltsverzeichnis Table of contents

Annual Report 2013

Inhaltsverzeichnis of contents Table of contents Table Cologne Bonn Airport Gateway to Europe... 4 Foreword.... 6 Executive bodies of the Company... 8 Cologne Bonn Airport in figures... 11 The year at a glance.... 12 Passenger destinations in 2014... 20 Cargo destinations in 2014... 22 Framework conditions... 24 Management Report of Cologne Bonn Airport GmbH... 32 Notes of the Financial Statements for the 2013 Financial Year.... 48 Auditor s Report... 56 Balance sheet as of 31 December 2013... 58 Income statement for the period from 1 January to 31 December 2013... 60 Statement of fixed assets movements.... 62 Report of the Supervisory Board... 64 Imprint... 66 3

Cologne Bonn Airport Gateway to Europe 3 runways: Intercontinental runway 14L/32R: 3,815 m x 60 m Parallel runway 14R/32L: 1,863 m x 45 m Cross wind runway 06/24: 2,459 m x 45 m 9 aprons: 5 aprons for passenger traffic 4 aprons for cargo traffic 116 parking positions: 18 positions close to terminals (bridge positions) 98 remote positions 24 2 terminals: 53 shops and restaurants 86 check-in desksr: 46 in Terminal 1 40 in Terminal 2 55 gates (total) 19 passenger bridges 3 car parks: 12,535 parking lots 1 L 4 4 Cologne Bonn Airport

3 C 32 R 32 L 06 14 R 6 7 O 9 12 14 15 18 S Airport premises: 1,000 hectares N 0 33 32 30 27 W 25 24 21 Annual Report 2013 5

Foreword Foreword Ladies and Gentlemen, The first nine months of 2013 were anything but good. It was not until the fourth quarter that the traffic figures at Cologne Bonn Airport moved into the positive sector. Until then, the passenger traffic had been impacted by the cost-cutting measures of the major German airlines and the air traffic tax. However, new airlines, which went into operation in winter, and the increase in flights offered provided for an upturn. In the first nine months, the cargo airlines were very much under strain, feeling the pinch of the European financial crisis. The cargo figures were therefore lower than expected. In the past year, a total of 9.1 million passengers were transported, which is a minus of 2.2 per cent compared to 2012. Approximately 740,000 tonnes of cargo also meant a decline of 1.6 per cent. Nevertheless, sales revenues increased by 2.3 per cent to 271.1 million euros. This is mainly due to the income from non-aviation business. Investments here in the past year amounted to 27.6 million euros. Almost eight million euros were spent alone on the construction of the new Germanwings administration building. Fortunately, we were able to achieve an annual surplus, with a net profit of one million euros. At this point in time, we are expecting a positive development for the current year, as far as both the revenues and traffic figures are concerned. On the other hand, we are concerned that the Germany aviation industry is increasing- ly losing ground on an international basis. The responsibility here lies with the heavy pressure arising from the air traffic tax or constraints caused by the increasingly expanding night flight restrictions. In order to keep the location competitive, politicians must create general conditions which strengthen the location instead of weakening it. Therefore, the following still applies: Germany does, at the end of the day, need a comprehensive air traffic concept. We can look back with pride at the two very important awards Cologne Bonn Airport recently received from the aviation industry. We were placed first in Europe in the categories for cargo in the Air Cargo Excellence Awards and for the Total Package Airport in the Skytrax World Airport Awards 2014 : Cologne/Bonn was selected as the Best Regional Airport of Europe, i.e. the best European airport which is not an intercontinental hub. The awards were the result of a survey carried out with 13 million passengers worldwide. These two awards testify to the appreciation shown by the passengers and airlines. They demonstrate how important it is for an airport to continuously work on improving its services and amenities. Moreover, it is essential to invest in increasing the attractiveness of the terminals. The fact that Cologne/Bonn did so outstandingly well here is, however, also due to the excellent work our employees do every single day. They have rightly deserved these awards. Michael Garvens (Chairman of the Management Board) Athanasios Titonis (Technical Management Board) 6 Cologne Bonn Airport

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Executive bodies of the Company Board of Management Members of the Supervisory Board Michael Garvens Chairman of the Board of Management Bergisch Gladbach Dr. Volker Hauff State of Rhine-Westphalia Chairman Former Federal Minister Dr. Martina Hinricher Federal Republic of Germany 3rd Deputy Chairwoman Ministerial Director Bernhard Braun Employees representative Employee of Flughafen Köln/Bonn Athanasios Titonis Technical Managing Director Bonn Hans-Dieter Metzen Employees representative 1 st Deputy Chairman Employee of Flughafen Köln/Bonn GmbH Jochen Ott City of Cologne 2 nd Deputy Chairman Former Superior Educational Counsellor Gunther Adler State of North Rhine-Westphalia State Secretary Nuretdin Aydin Employees representative Loading Supervisor Flughafen Köln/Bonn GmbH Winrich Granitzka City of Cologne Business Consultant Reinhard Limbach State of North Rhine-Westphalia Real Estate Professional (since 14.06.2013) 8 Cologne Bonn Airport

Waltraud Mayer Employees representative Employee of Flughafen Köln/Bonn GmbH Dr. Rüdiger Messal State of North Rhine-Westphalia State Secretary Gerold Reichle Federal Republic of Germany Ministerial Director (until 31.03.2014) Jürgen Roters City of Cologne Lord Mayor Petra von Wick Federal Republic of Germany Ministerial Counsellor Karl-Heinz Wildschrei Employees representative Employee of Flughafen Köln/Bonn GmbH Eduard Wolf Rheinisch Bergisch District Employee (until 14.06.2013) Annual Report 2013 9

10 Cologne Bonn Airport Cologne Bonn Airport in Figures

2009 2010 2011 2012 2013 Traffic development Aircraft movements 000 132.2 134.3 130.9 125.3 120.4 Passengers 000 9,742.3 9,851.7 9,625.5 9,281.7 9,079.0 Air cargo 000 tonnes 562.0 656.1 742.3 751.2 739.5 Business development Sales revenues million 254.6 270.1 271.5 265.0 271.1 Investments million 144.6 31.4 25.2 24.4 27.6 Amortisations million 39.1 34.2 33.3 34.9 36.5 Fixed assets million 523.0 744.3 732.3 719.1 706.9 Balance sheet total million 543.5 767.3 760.5 746.3 744.0 No. of employees (Closing date 31.12.) 1,803 1,769 1,829 1,829 1,829 Annual Report 2013 11

year at a glance The year at a glance The January Start of the nationwide 4-Litre Campaign In the middle of January, the aviation industry went into the offensive. The German Aviation Association (BDL), in cooperation with its members one of which is also Cologne Bonn Airport, started an efficiency campaign Vier bringen Sie weiter. This means as much as Advancing things with just four litres. With this, they want to underline the average kerosene consumption of an aircraft, which is currently less than four litres per person and per 100 kilometres. One of Cologne Bonn Airport s contributions to this campaign included an enormous poster (32 x 14 metres) on Car Park 3, which was presented there on 14 January at the start of the campaign. March Heavy-weight ITB reception At the traditional Airport reception at the ITB in Berlin, the football expert, Reiner Calmund (r.) and Michael Garvens put on a witty sketch. In front of some 250 invited guests, Calli and Garvens, playing passengers on the fictive flight 4711 from Cologne to Berlin Tegel, discussed various topics, such as the air traffic tax, airline cost-saving programmes and the future of BER. As in every year, Cologne Bonn Airport had its own stand at the World s Leading Travel Trade Show. 12 Cologne Bonn Airport

May On the winners rostrum Among the world-best airports with 5 10 million passengers, Cologne/Bonn came home with an excellent third place; in the Best Regional Airports in Europe, it came in second, and fifth in the best airports of Central Europe. This was the result of a survey carried out by the renowned London aviation research institution Skytrax. For the internationally renowned World Airport Awards 2013, more than 12 million passengers from more than 100 nations were interviewed at 395 airports. Loud aircraft paying significantly more At the beginning of May, the new scale of tariffs for the Airport came into effect. Since then, loud aircraft have to pay significantly more than quieter planes, especially when they are flying at night. The noiserelated proportion of landing fees is considerably higher than before. Also, the differentiation between loud and low-noise aircraft and between day and night landings has been increased. In addition to this, the Airport offers considerable financial incentives for airlines which operate new, low-noise aircraft at Cologne Bonn Airport. Over a period of three years, airlines can save up to one million euros if they work with the aircraft Boeing 777, Boeing 747/800 or Airbus A330. Annual Report 2013 13

year at a glance The year at a glance The June Place of contemplation In June, the new Prayer Room opened its doors, offering passengers, visitors and Airport staff members a place that offers peace and relaxation. The Prayer Room on the ground floor of Terminal 2 is open to all visitors, regardless of belief and denomination, and it was a deliberate decision to forego any religious symbolism. In setting up this room, the Airport worked in close cooperation with the Cologne Council of Religions. Big Airport Party with 30,000 visitors On 8th June, 30,000 visitors came to the Aviation Day at the Airport and revelled in the unique Airport atmosphere. For this day, parts of the apron were transformed into an enormous event area covering 20,000 m². Demonstrations of ground handling equipment were given and same time, same place the REWE Family Day attracted guests with catering and event stands and an enormous show stage, featuring stars such as Detlef D. Soost, Cassandra Steen and the winner of the German TV Talent Show DSDS, Beatrice Egli. Holy mass in the Terminal This was a first for the Airport. On Ascension Day, the Roman Catholic priest Johannes Mahlberg from the Christus König Parish in Porz, celebrated a holy mass for the first time at Cologne Bonn Airport. Some 200 believers came to the worship service on the ground floor of Terminal 2. 14 Cologne Bonn Airport

July Aircraft baptized Cologne On 1st July, and with the help of a replica of a glass amphora from the Roman-Germanic Museum filled with water from the Rhine, Cologne s Lord Mayor, Jürgen Roters baptized a Germanwings Airbus A319, giving it the name Köln. The occasion for this was the first flight of the new Germanwings. The airline had launched a new product and brand concept and now ranks as the third largest airline in Germany. Vocational Training Fair in Terminal 2 On 5th July, almost 1,000 school children and potential apprentices/trainees came to the Vocational Training Fair, which the Airport organises in cooperation with the Cologne Chamber of Commerce in Terminal 2. Presentations were given by the air traffic control, customs and excise, Nayak, FedEx, UPS, and many more companies based at the Airport offering vocational training. Largest SunExpress location The holiday airline SunExpress, a joint venture of Lufthansa and Turkish Airlines, has considerably extended the flights on offer from Cologne Bonn Airport. At the end of July, the airline stationed two more Boeing 737-800 s here. Now, with a total of three aircraft, Cologne/Bonn is the largest SunExpress location in Germany. In summer, the route network to warm water destinations was also extended. Let s go electric over the apron Electricity instead of fuel: in its fleet of vehicles, Cologne Bonn Airport switched from traditional petroldriven vehicles to battery-driven electro-vehicles. In the major project ColognE-Mobil Electric mobility solutions for NRW, the Airport acquired two completely battery-driven Ford Focus vehicles plus four Ford C-Max with a plug-in hybrid drive. All in all, the Airport invested almost half a million euros in electric solutions. Together with their partners, which include Ford, Rheinenergie, TÜV Rheinland and the City of Cologne, the Airport presented the CologneE-Mobil to the general public. Annual Report 2013 15

Das Jahr im The year at a glance The year at a glance Überblick August The most family-friendly airport Cologne Bonn Airport is Germany s most family-friendly airport. This was the result of a nationwide customer survey carried out by ServiceValue GmbH in cooperation with the Sunday newspaper WELT am SONNTAG and with academic monitoring carried out by the Goethe-Universität Frankfurt. 35,000 families with children evaluated the family-friendliness of more than 300 companies from 35 sectors. In the airport sector, Cologne/Bonn took first place, ahead of Munich and Frankfurt on the Main. September Aviation and Aerospace Day On Sunday, 22nd September, more than 30,000 visitors came to the German Aerospace Centre (DLR) in Porz. The DLR and the European Space Agency (ESA) presented the latest research projects from aviation and aerospace, and also in the sectors safety, energy and traffic. Cologne Bonn Airport was also a jointorganizer. The Airport s Zulu parking position was a big attraction for aircraft fans. Here, the DLR presented their research fleet, the special military air mission, including the government aircraft Airbus A 319. UPS and FedEx also exhibited their modern cargo aircraft. 16 Cologne Bonn Airport

Oktober Norwegian expands Starting with the winter timetable, Norwegian Air Shuttle also included four sun destinations in their schedule. With this, the Norwegian low-cost airline, which started in Cologne/Bonn with flights to Oslo in March 2012, clearly expanded their operations. Now, alongside Oslo, there are also flights to Alicante, Gran Canaria, Malaga and Tenerife. To mark the first take-off to Las Palmas/Gran Canaria, the crew was presented a Mediterranean-blue maiden flight cake. November Germanwings moves into their new administration building The construction period for the new Germanwings administration building only lasted seven months. At the beginning of November, the Germanwings team was able to start moving in. The six-storey building, made up of 120 modules, is home to 350 offices. Michael Garvens elected to the Steering Committee of BDL (Federal Aviation Association) The German Airports Association (ADV) elected Michael Garvens as a member of the Steering Committee of BDL (Federal Association of German Aviation and Space Industry). BDL has representatives from German airlines, airports, German Air Traffic Services (DFS) and aviation service providers. Annual Report 2013 17

year at a glance The year at a glance The December UPS 200-million dollar reconstruction completed After just under a year s construction period, UPS completed the expansion and reconstruction works amounting to some 200 million US dollars. With this, Cologne/Bonn is now the second largest worldwide UPS air traffic hub, after Louisville (USA). They now have almost an additional 10,000 m² space. The sorting capacity of the facility, which is now almost as large as four football pitches, was increased from 110,000 to 190,000 parcels per hour, and large investments were also made in the conveyor system of the original hall, which was opened in 2006. Climate donation by Smartphone Cologne Bonn Airport is the first airport in Germany to offer passengers the opportunity of making a climate donation via their smartphone. This way, it is easier for them to offset the amount of CO ² emissions caused by their flight. The money donated goes directly to climate protection projects in Brazil. Passengers can make their donation at the Airport via their smartphone, using the QR code on the large myclimate posters in the waiting areas in the terminals. Myclimate is a Swiss organisation which supports worldwide projects to reduce greenhouse gases. Cologne/Bonn Airport has been working with this independent and non-profit organisation since 2008. 18 Cologne Bonn Airport

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destinations in 2014 Passenger destinations in 2014 Passenger Reykjavik Oslo Stockholm Edinburgh Rostock Knock Manchester Hamburg Heringsdorf/ Usedom Gdansk Dublin Birmingham Amsterdam Berlin Leipzig-Halle Warsaw London Cologne/Bonn Dresden Prague Katowice Lisbon Faro Jerez de la Frontera Tangiers Madrid Malaga Nador Alicante Girona Barcelona Palma de Majorca Ibiza Mahon Algiers Munich Salzburg Friedrichshafen Vienna Klagenfurt Zurich Bern Verona Nice Milan Bologna Olbia Pisa Calvi Bastia Cagliari Tunis Enfidha Venice Rijeka Zagreb Rome Palermo Naples Catania Bari Budapest Pula Zadar Sarajevo Split Malta Dubrovnik Lamezia-Terme Tirana Skopje Corfu T At Funchal Casablanca Marrakesh Djerba Las Palmas Tenerife- South Arrecife Fuerteventura Boavista Sal Varadero/Cuba 20 Cologne Bonn Airport

Riga Moscow Kiev e Varna Burgas Kavala Istanbul Thessaloniki Izmir Athens Mykonos Bodrum Ankara Antalya Samsun Kayseri Gaziantep Trabzon Santorini Kos Dalaman Rhodes Heraklion Adana Gazipasa Tehran Tel Aviv Sharm el Sheikh Hurghada Marsa Alam Status May 2014 Annual Report 2013 21

Cargo destinations in 2014 Keflavik Helsinki Oslo Stockholm Malmö Edinburgh Hamilton/Toronto Belfast Halifax NewYork Shannon Dublin Copenhagen Hamburg Berlin East Midlands Cologne/ Bonn Leipzig Frankfurt London Philadelphia Louisville Memphis Moscow Paris Munich Basel Geneva Lyons Tiflis Warsaw Katowice Tehran Prague Zurich Budapest Vienna Bergamo Timisoara Ljubljana Milan Venice Bordeaux Bucharest Zagreb Marseilles Sofia Barcelona Porto Valencia Madrid Lisbon Casablanca Palma de Majorca Rome Sharjah Dubai Varna Bourgas Istanbul Ankara Thessaloniki Athens Izmir Tel Aviv Nador Las Palmas/Tenerife Cairo 22 Cologne Bonn Airport Antalya

Alma Ata Seoul Chengdu Tokyo Shanghai Guangzhou Mumbai (Bombay) Shenzhen Taipei Hong Kong Status May 2014 Annual Report 2013 23

conditions Framework conditions Framework Political framework conditions For Germany as an aviation location, 2013 was not an easy year. After a very weak start, the aviation industry in Germany did actually pick up in the course of the year, with a positive development at most airports, particularly due to the favourable forecasts for the European economy. Despite this upwards trend, the aviation industry in Germany could enjoy an even better development if it were not curbed by the current political environment. This environment is putting the competitiveness of Germany as an air traffic location at jeopardy. In the past years, new aviation growth centres have developed in Asia and the Middle East. Not only are the airlines from these regions performing better than their European competitors as regards income and profitability, but hubs like Frankfurt have lost passengers in transfer traffic to other turnaround airports such as Dubai. In other words, growth is moving away. Mid-March 2014, the Handelsblatt Research Institute, in cooperation with the German Aviation Association (BDL), published a survey titled Competitive capacity determinants in international air traffic, which compared the conditions of competition in 24 Cologne Bonn Airport

the international aviation industry. In this survey, air traffic in Germany came off badly, since, as the authors of the study put it, it has to face up to the international competition in shackles. The authors also concluded that competitiveness of German airlines and airports can only be improved if the air traffic tax and operational restrictions were abolished. Other factors also have a distorting effect on competition, for instance complex approval procedures, and the different social standards of the airlines. Even though the competition is global, the general conditions in the home countries are decisive for success prospects. Therefore, the airports and airlines would like the politicians to finally create general conditions which would strengthen the position of Germany as an air traffic location. As early as mid-january 2014, the BDL Cologne Bonn Airport is also a member of this association presented a 16- page catalogue with corresponding proposals and demands to the Federal Government after it had been stipulated in their coalition agreement that such a concept would be developed. Annual Report 2013 25

conditions Framework conditions Framework A successful development in this direction is still impeded by the air traffic tax, which was introduced on 1 January 2011. This puts a disproportionate strain on German airlines. In 2013 alone, the German airlines had to pay more than half a billion euros tax to the German government. As these taxes have their impact on the ticket prices, many passengers meanwhile prefer to fly from airports in the neighbouring countries. So far, this has been an imposing five million passengers every year. It is the airports close to the national borders with a high proportion of domestic flights which are particularly hit by this. Cologne/Bonn is the best example for this effect. The negative impact of the air traffic tax can be seen in how the general economic growth is developing in relation to the growth in the air traffic sector. Under normal circumstances, i.e. without intervention by policy makers, air traffic would grow faster than the national economy. This changed with the introduction of the tax. While air traffic in Germany is getting nowhere, the aviation sector in the rest of Western Europe is growing much faster than the national economy. For the airports in Germany s neighbouring countries, the air traffic tax can be seen a as kind of subvention programme. So, although the Federal Ministry of Finance has earned a billion euros with the tax, in turn, a large part of the shortfall in income has been eaten up by the loss of revenue on the part of the airlines and airports. There is a consensus among the German air traffic industry that the air traffic tax must be abolished as soon as possible. The hopes set in the new Federal Government have, however, not been fulfilled to date. On the contrary, the politicians and the public are increasing the pressure by tightening the operational restrictions for airports. Here are two examples that affect Cologne/Bonn: At the beginning of the year 2014, the North Rhine-Westphalian Government announced once again that it would 26 Cologne Bonn Airport

Annual Report 2013 27

conditions Framework conditions Framework enforce a night flight ban for passenger aircraft. Only a few weeks later, a private suit was lodged by neighbours of Cologne Bonn Airport at the Administrative Appeals Tribunal (OVG) in Münster. With this, they want to topple all night flights at Cologne Bonn Airport. However, the Airport is quite relaxed when it comes to the State Government s intention. Two years ago, the Federal Ministry of Transport under Peter Ramsauer rejected the NRW thrust on the grounds that the intended partial revocation of the operational approval was not legally viable. Since then, there has been no change in the legal situation. Cologne/Bonn Airport sees hardly any chance of success for the action at the OVG in Münster, where the key point is that Cologne/Bonn Airport is operating illegally under air traffic regulations. On the basis of this legal situation, the demand of the petitioner should be rejected by the Court. The plans of the State Government of Hesse to further restrict operations in Frankfurt, one of the largest and most important hubs in Europe, are also extremely serious. The coalition agreement here between the CDU and the Greens includes a regular night noise intermission of seven hours and the introduction of a noise maximum limit. If these propositions were to be implemented, this would have serious consequences for Germany s largest airport. This intervention in the existing operational authorisation would above all greatly jeopardise the competitive capacity of Fraport. If the German economy, which is very much export-oriented, wants to remain competitive on an international basis, it will need airports which also operate by night. The air cargo handled here links international markets and integrates Germany in these worldwide interwoven production chains. This applies in particular for express cargo, which is handled overnight at hubs like Cologne/Bonn. Consignments from Asia or America are re-distributed here and then directly delivered to the customer on the next day. These overnight connections are extremely important for the German economy. Suspending these night flights would have far-reaching consequences for Germany. Not only would airlines operating express cargo flights move to neighbouring countries, the German economy would also lose an enormous number of jobs. Therefore, it is important that a policy should be found to determine which airports are of significance for the German economy and thus can operate at night. Cologne/Bonn is one of the airports of supra-regional significance for the German economy. So that this can continue, the politicians must provide a guarantee for the operation regulations on a long-term basis and secure development opportunities. An important step here is that the new North Rhine-Westphalian regional development plan classifies Cologne Bonn Airport as an important location for the State of 28 Cologne Bonn Airport

NRW. The prerequisite for this regional development objective is the preservation of the status quo. For this reason, the formulation included in the current regional development plan must be maintained: The international competitive capacity of the commercial airport Cologne/Bonn, in particular its function as important German cargo airport, should be secured and consolidated. Just how much the German economy and labour market benefit from air traffic is shown in the report Aviation and Economy, published jointly in 2013 by BDL and the ifo Institut Munich. For its business climate index, the ifo Institut evaluated more than 7,000 reports from business enterprises from the industrial sector, main constructions trades and the retail and wholesale business. The structure of the companies interviewed reflects the entire German economy: from global corporations to small-scale enterprises. According to the survey, air connections are either important or very important for 56.2 per cent of all business enterprises in Germany. For the key business sectors in Germany, mechanical engineering (89.6 %), automotive engineering (79.6 %) and the chemical industry (79.2 %), air traffic is a factor of even greater importance. In 2012, cargo and passenger aircraft transported foreign trade merchandise with a value amounting to 204 billion euros. This is 10.1 per cent of Germany s imports and exports. In comparison to all other modes of transport, aircraft actually transport the smallest proportion of merchandise; however, if one considers the value of the goods to be transported per tonne, then aviation is, with 75,000 euros per tonne, number one in Germany, followed by road (2,800 euros/tonne), ship (1,900 euros/ tonne) and rail (1,200 euros/tonne). And, Annual Report 2013 29

conditions Framework conditions Framework by the way, almost a fifth of the air cargo volume is handled in Cologne/Bonn. The report also verifies the significance of German air traffic as an employer. In 2012, approximately 823,000 were employed in the aviation industry and associated supplier sectors. The airlines and their employees in that year paid a total of 23.1 billion euros in taxes and social security contributions. Nevertheless, it cannot be accepted that small airports which have neither a sufficient catchment area nor future prospects are kept alive with public funding. The best or worst example for this is Kassel- Calden Airport, which went into operation last year. It is therefore all the more important that the EU Commission has issued new aid guidelines. These directives stagger the state aid according to the number of passengers. The highest subsidies these can be as much as 75 per cent are awarded to airports with fewer than a million passengers per year. For airports with a passenger volume of five million or more passengers, no subsidisation is authorised. The EU Commission has reasonably enough drawn a limit which stipulates that, after ten years, regional airports themselves have to generate their operational expenses. Now it is time for the aid guidelines to be formulated at national level and this within the framework of a national comprehensive air traffic concept. 30 Cologne Bonn Airport

Instead of uneconomic airport projects, Germany needs a competitive air traffic network that can meet the demands of the economy. This also means that airports must have the opportunity and possibility to grow. However, compared to aviation projects abroad, any German extension project is faced with complex planning, approval and decision-making processes. Such processes are not in place for global competitors, such as Dubai or China. All in all, the Federal Government should play a more important role in the future, and coordinate the activities of the individual German Federal States regarding air traffic. Whereas the Federal Transport Infrastructure Plan has for years been considering all major projects for road and rail, there are no similar regulations for air traffic. Germany needs a binding air traffic concept, since only such a concept can ensure planning security. This does not only apply for the business enterprises involved in aviation, but also for all the population. Air traffic has to be socially accepted on a wide basis. The airports, for their part, see themselves obliged to take the concerns of their neighbours seriously, in particular when it comes to aircraft noise protection. In order to find a balance between the economic interests of aviation and the requirements for environmental protection, the noise protection measures will have to be improved. Annual Report 2013 31

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management 1. Fundamentals of the Company Business model Cologne Bonn Airport is one of the largest commercial airports in Germany. About 9.1 million passengers were transported and about 740,000 tonnes of cargo were handled in 2013. At the same time, Cologne Bonn Airport is an important economic factor for the region. More than 13,000 people are employed at the Airport alone and a further 24,000 jobs are dependent on the Airport in the surrounding area. About 1,820 people are employed with the Airport Company itself. Cologne Bonn Airport thereby generates a wide range of positive effects, also for the surrounding area and the related regional economy. The airport is one of the ten largest employers and an important contracting entity in the region. Tourists and business travellers coming to Cologne and Bonn via the Airport bring additional pur-chasing power to the region and contribute to its economic stability. Furthermore, Cologne Bonn Airport has established itself as one of the most important freight logistics centres in Germany. This sector is all the more significant in light of the fact that the State of North Rhine-Westphalia is very export-oriented and special importance is therefore attached to the cargo volume. Numerous jobs in North Rhine-Westphalia are directly or indirectly dependent on the export. Here, too, Cologne Bonn Airport thus ensures the economic attractiveness of the region. Its central location makes it the ideal hub for cargo traffic and an important location for global logistics service providers such as UPS, FedEx or DHL. Additionally, the Airport has a positive effect on the image of Cologne, Bonn and the surrounding Rhineland in general. As a flight destination, it campaigns internationally for the region, and at the same time, makes it an attractive place to live for people who are active and keen on travelling. These people are, in turn, often much sought-after qualified specialists who also spend their well-earned salary here, which again is a plus point for the regional economy. 32 Cologne Bonn Airport

2. Goals and strategies a. Investments In 2014, as in prior years, Cologne Bonn Airport continues making targeted investments to implement the future requirements and to be able to ensure safe and smooth operation. The most important planned measures are the acquisition of the combined heat and power unit (CHPU) for securing in economic and ecological terms the energy supply to the Airport in the long run, planning services for the new construction of a cargo hall as well as the relocation of a baggage hall. outside the hubs to Germanwings. As a result the new Germanwings and its Cologne/Bonn headquarters were strengthened significantly. At the same time the appropriateness of the decisions taken in 2002 was confirmed: firstly, having been the first large airport to acquire low-cost carriers; secondly, focusing on the Lufthansa subsidiary as the premium low-coster. In parallel, however, Cologne/Bonn also integrated its challengers into the Airport strategy. In 2012, two pure low-cost airlines, Ryanair and Norwegian, were settled in Cologne/Bonn since then, both of them have been growing constantly by expanding To be able to permanently provide highperformance infrastructure, the Company will take certain renewal measures concerning the present infrastructure such as the establishment of a new examination room within the baggage sorting facilities and the reconstruction of boarding bridges. Overall, the planned investments amount to about EUR 47 million, thereof EUR 12.6 million relating to the structural engineering segment, EUR 15.7 million to operating facilities and EUR 5.9 million to replacement investments for vehicles and equipment. Moreover, new acquisitions in the amount of EUR 6.6 million are made for the IT infrastructure. b. Marketing strategies of Cologne Bonn Airport (1) Passage For more than ten years Cologne Bonn Airport has defended its leading position in the German low-cost segment and has also paved the way for recent developments in this dynamic market in good time. In mid-2013 the Lufthansa Group began to assign the loss-making European traffic Annual Report 2013 33

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management their route networks. The considerable importance of this dual strategy became evident after the transformation of the business model of Ryanair: now the large airports are increasingly being served in order to win more business travellers. Moreover, FKB succeeded in acquiring a longhaul route with Condor to the Caribbean. Considering the increasing operational restrictions at competing airports, e. g. Frankfurt, Cologne/Bonn sees good opportunities of further developing and expanding this segment, too. (2) Air cargo Cologne/Bonn is the third largest express cargo airport in Europe. With UPS, FedEx and DHL, the Top 3 of the world s largest express service providers are established at Cologne/Bonn. This strong position is intended to be further maintained and advanced. It is crucial to secure the necessary political and infrastructural framework conditions for this; they include in particular the night-flight operations, which are important for the cargo, and the provision of new areas. Besides, Cologne/Bonn is further developing the general cargo business. An investor is to be acquired for the Cologne Bonn Cargo Center to enable a further extension. (3) Non-Aviation Non-aviation revenues could be more than doubled within the past 12 years and reached the record level of almost EUR 90 million in 2013. Cologne Bonn Airport intends to continue this successful development in the future. Air- and landside offers for passengers and visitors are continually optimized by new gastronomy offerings (e. g. StäV ) and attractive pathways (e. g. Starwalk). After the legal barriers have been removed, the way is open for the construction of a second hotel at the location. The idea is to create not only a hotel and congress centre but a real world of experience with attractive offers such as a casino. 34 Cologne Bonn Airport

3. Economic report a. Macroeconomic and sector-specific background In 2013 the economic situation in Germany has improved further. The calendar-adjusted gross domestic product increased by 0.5 %. This is a solid growth in the overall framework of the euro zone but must be rated rather low compared with the longer-term development. Positive effects resulted in particular from the foreign trade but also from investments in machinery, equipment and construction. A stronger increase in gross domestic product is expected for 2014. The world economy as well continued to recover in 2013 and the growth accelerated in the past year, however, it still must be considered as moderate. It is thus clearly recognisable that the financial crisis and its consequences have not yet been completely overcome. Many countries are likely to have a need for structural adjustment over the coming years, which will significantly impact on the pace of growth. Measured in traffic units, the growth rate in national air traffic amounted to 0.6 % in 2013 the trend of the year 2012 (0.5 %) was thus continued. Overall, more than 202 million passengers used a German airport in the year 2013. At 2.0 %, the traffic development of Cologne/Bonn Airport, related to the traffic units, was slightly below the industry s average in 2013. b. Trend of business operations Competitive and market conditions In 2013 the passenger volume at Cologne Bonn Airport decreased by 2.2 % to around 9.1 million passengers compared with the prior year. The national average was + 0.5 % in 2013. Regarding the passenger numbers, Cologne Bonn Airport could meet the forecast for 2013 with pinpoint accuracy. A distinct Annual Report 2013 35

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management recovery of the passenger traffic could be observed during the course of the year. In the fourth quarter Cologne Bonn Airport could even report an increase in the passenger volume of 3 %. The first three quarters were strongly marked by the reductions at the Lufthansa Group as well as at Air Berlin. In contrast, Ryanair has proven to be a growth carrier. Girona/Barcelona and Palma have been served since last year s winter. They will be added by Malaga and Faro in summer and by Tenerife in winter. Pegasus, Turkish Airlines, SunExpress and Norwegian were further growth carriers in 2013. The cargo volume at Cologne Bonn Airport declined in 2013 ( 1.6 %) and amounted to approximately 740,000 tonnes. The cargo development was thus weaker than expected. A tonnage increase of 1.2 % was assumed in the forecast. The decline is attributable to significant decreases at FedEx and in the general cargo business. In 2013 the air cargo turnover in Germany totalled more than 4.3 million tonnes. Although the general conditions were not easy because of the European economic crisis, the German air sector succeeded to perform well. The average cargo turnover at German commercial airports was 0.3 %. The number of aircraft movements fell by 3.9 % (German average 3.6 %), the maximum take-off weight (MTOW), however, decreased by 3 % only. In the liberalised ground services market, the Airport Company held a market share of 79.8 % (prior year: 70.1 %). ADV expects a positive development for 2014: The forecast for the passenger volume amounts to 2.2 % and to 2.5 % for the cargo volume. 4. Position a. Net assets and financial position The balance sheet total decreased by EUR 2.3 million to EUR 744.0 million. Intangible assets increased by EUR 1.1 million to EUR 10.7 million. Self-produced intangible assets exclusively relate to passive noise protection measures. Property, plant and equipment decreased by EUR 13.1 million to EUR 695.5 million. The Company s capital investments in 2013 amounted to EUR 27.6 million. About EUR 7.9 million were invested, inter alia, in the new Germanwings building. Another EUR 2.2 million were spent on the de-icing system, EUR 1.3 million on the extension of the baggage claim system, EUR 0.6 million on the parking space and EUR 0.4 million on the lighting system. Receivables and other assets rose significantly by EUR 8.6 million to EUR 30.6 million, being mainly attributable to the cut-off-date-related increase in trade receivables (+ EUR 6.3 million) and to increased VAT claims (+ EUR 0.9 million). Cash in hand and bank balances showed a cut-off-date-related slight increase by EUR 0.5 million to EUR 1.9 million. Equity amounts to EUR 259.6 million, having increased by EUR 1.0 million. As of 31 December 2013, the equity ratio thus is 34.9 % (prior year: 34.6 %). Provisions showed an increase by EUR 7.0 million to EUR 50.9 million. This is especially attributable to the rise in personnel provisions and the increased provision for fire prevention. Liabilities to banks amounted to EUR 306.6 million as of the balance sheet date, being lower by EUR 7.4 million compared to the prior year. The liability due to other lenders was EUR 22.5 million (prior year: EUR 22.5 million). All loans were duly repaid. 36 Cologne Bonn Airport

Annual Report 2013 37

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management Sufficient liquidity was available to the Company at all times. The Company repaid EUR 28.4 million of the loans. Trade payables decreased by EUR 4.6 million to EUR 15.6 million. Deferred tax liabilities rose by EUR 1.1 million to EUR 80.0 million. Flughafen Köln/Bonn GmbH has not conducted derivative or other hedging transactions. The cash flow from operating activities amounted to EUR 35.2 million and was used for capital expenditures for fixed assets and for loan repayments. The Company s net assets and financial position are in good order. Liquidity is ensured at all times and, from a current perspective, also in the future. The Company does not expect any major loss of receivables. Overall, the business performance was positive in 2013. This is mirrored in the annual result which exceeded the budget targets. However, the result was also significantly influenced by special effects both on the revenue side and the expenditure side. b. Results of operations Sales revenues rose by 2.3 % to EUR 271.1 million in 2013. EUR 172.7 million thereof (prior year: EUR 173.2 million) relate to airport tax and ground handling services, EUR 87.7 million (prior year: EUR 85.8 million) to rental, leaseholds and supply services, and EUR 10.6 million (prior year: EUR 5.9 million) to other revenues. The increase is largely attributable to the revenues from the non-aviation segment. Other operating income increased to EUR 8.7 million, which was due to income from the release of provisions (EUR 3.4 million) and also to special effects such as a compensation payment by DB AG in the amount of EUR 1.0 million. The cost of materials increased by 11.8 % to EUR 90.9 million (prior year: EUR 81.3 million). This is mainly due to increased maintenance measures, however, other factors such as higher spending on spreading materials also led to this rise. Personnel expenses rose by EUR 8.1 million to EUR 114.8 million. The increase was largely attributable to an early retirement and severance programme that was implemented on a voluntary basis. This resulted in an additional expense of EUR 3.7 million that will be amortised in the next 1.7 years, 38 Cologne Bonn Airport

however. Moreover, collectively agreed salary adjustments became effective as of January and August 2013 respectively. At EUR 23.3 million, other operating expenses almost remained at the prior year s level (EUR 23.5 million). EBITDA fell by 11.4 % to EUR 52.8 million. EBIT dropped by EUR 8.5 million to EUR 16.3 million mainly as a result of the increases in amortisation and depreciation and personnel expenses. The financial result decreased by EUR 3.0 million to EUR -12.3 million as a result of reduced interest expenses as in the prior year. The item also includes interest income from the compensation payment by DB AG in the amount of EUR 0.8 million. The tax result as well decreased by EUR 2.5 million to EUR 3.0 million primarily as a result of the reduced expense for deferred taxes. The net income for the year thus amounts to EUR 1.0 million (prior year: EUR 4.0 million). Annual Report 2013 39

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management c. Comments on FKB s fields of activity as per 6b (3) EnWG A statement of activities is prepared with respect to the activity of electricity distribution. FKB operates a closed distribution network in accordance with 110 (2) of the German Power Industry Law ( EnWG ) and is therefore obliged to prepare an activity report as per 6b (3) EnWG. Please refer to the comments on this statement of activities, in particular the information on depreciation methods and the rules according to which the assets and liabilities as well as the amounts of income and expense have been assigned to the activity accounts ( 6b (3) p. 7 EnWG). d. Financial performance indicators For the management of its business divisions, Cologne Bonn Airport makes use of a key figure report which is forwarded to the respective persons responsible on a monthly basis. These key figures present an overview of the development in the past 12 months. Individual values have been set for the key figures and in the event of a value being exceeded, increased attention will be paid or, respectively, an action plan will come into effect. e. Non-financial performance indicators (1) Personnel 1,829 persons are employed with FKB at year-end 2013. Calculated on a full-time equivalent basis, the number of employees comes to 1,788. The staff turnover rate was 4 % in 2013. Following a collectively agreed adjustment, the salaries of the employees have increased by 1.4 % as of 1 January 2013, and by another 1.4 % as of 1 August 2013. Furthermore, the staff employed under the terms of collective wage agreements received, in accordance with the provisions of the collective pay agreement effective from 2013 concerning profit sharing for airport employees, a one-off payment in the amount of EUR 600.00 gross in December 2013. Three company agreements entered into force in 2013. A new company agreement sets out terms for the organisation of working time for the staff of the airport fire brigade and the medical staff. Likewise, the rules for the organization of working time in the ground handling services have been revised. Furthermore, a revised version of the company agreement on the monitoring of traffic regulations in the non-public area and on the duties and powers of the traffic safety committee entered into force in autumn 2013. Since October 2013, the salaries of the airport employees have been paid using the SEPA scheme. Moreover, the new ordinance governing the certification of remuneration has been implemented, which provides for nationwide uniform remuneration certificates. Besides, the electronic wage tax card (ELStAM) was introduced. It should be noted that an early retirement and severance programme was available for the staff in 2013, which was conducted on a purely voluntary basis. Under this programme, 44 employees signed a termination agreement with the Airport Company. 18 employees left the Company against payment of compensation and have been looking for new challenges on the labour market. 26 staff members decided to take early retirement in return for severance payment. The expenditure for the early retirement and severance programme totals EUR 3.7 million. However, these expenses will be amortised within 1.7 years, since the vacant positions will not at all be reoccupied, or only half of them. (2) Environment It is Cologne Bonn Airport s permanent objective to protect the neighbourhood of the airport against noise. The main innovation in 2013: since May, loud aircrafts 40 Cologne Bonn Airport

have had to pay much more in Cologne/Bonn than quieter ones, especially when flying at night. Not only does the noise-dependent part of the landing fees increase significantly according to the new scale of charges; the differences in terms of prices between loud and quieter aircrafts as well as between landings during the day and at night increased as well. In addition, the airport offers considerable financial incentives to airlines that opt for the use of new, low-noise aircrafts at Cologne Bonn Airport. According to the new scale of charges, the aircraft are divided into eleven noise classes instead of seven as before. As a result, there is a wider spread between loud and quieter machines. In the past the noise surcharges varied between EUR 10 and 560 during the day and between EUR 20 and 1,120 at night. Now the charges amount to between EUR 20 and 625 during the day and between EUR 50 and 1,475 at night. Consequently the noise surcharge for an MD 11, for example, increases roughly threefold. It rises from previously EUR 140 to EUR 375 during the day and from EUR 280 to EUR 925 at night. For a Boeing 747/400 which is not classified as loud as the MD 11, the surcharge increases from previously EUR 140 to EUR 300 in the daytime and from EUR 280 to EUR 650 at night. On the other hand, airlines can save a lot of money if they replace loud aircrafts by quieter ones. In that case Cologne Bonn airport grants rebates which may add up to almost EUR 1 million over a period of three years. With six landings a week, the savings amount to EUR 985,000 for a Boeing 747/800 and to EUR 875,000 for a Boeing 777. Cologne Bonn Airport is thus offering a targeted incentive to use lower-noise aircrafts. The airport charges are made up of different components. The landing fees depend on the weight of the aircraft and on noise emissions. This is added by an emissiondependent part related to pollutants and Annual Report 2013 41

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management a passenger charge levied for passenger flights. The new regulation provided for an increase in the noise-related part of up to 33 percent. One of the most important components of the Airport s noise reduction concept is the Passive Noise Protection Programme. Cologne Bonn Airport started its voluntary programme in 1991 already. Since then, about EUR 74 million have been invested in noise protection measures for 55,000 residents in almost 24,000 residential units with 39,000 bedrooms in the night noise protection zone. Since 2011 the claims to benefits relating to passive noise protection have been settled by the Air Traffic Noise Act. Nevertheless, Cologne Bonn Airport decided in 2012 to continue providing its passive noise protection benefits beyond the legally defined zones in former assisted areas. Moreover, the residents who apply for benefits relating to passive noise protection still have the option to cooperate with the airport when realising the benefits and not only with the Regional Administration, as originally intended by the act. This provides advantages to the applicants: they receive competent support and professional assistance in the constructional noise protection measures to be implemented from the trained employees of the Airport Company. Furthermore, the Airport Company reimburses the applicants for their expenses immediately after completion of the constructional measures and not only as intended by law from December 2016. The Airport is the long-term care insurance for the nature reserve Wahner Heide. Up to now the Airport Company spent about EUR 13 million on the ecological land protection and balance projects concerning the region Wahner Heide. In 1997, the airport has committed itself for the first time to providing for ecological balance in return for the sealed surfaces on its land in the Wahner Heide region. By grazing cows, goats and sheep as well as donkeys and water buffalos on large areas, the open space areas being typical of the Wahner Heide cultural landscape are kept free through the browsing by the animals. Another focus is the renaturation of moorlands. The sustainable landscape conservation is successful, as about 700 endangered plant and animal species grow and live in the Wahner Heide region. In 2013 a donation of EUR 20,000 went to the Cologne Forest School. The Airport thus supports the experiential education programme offered by Schutzgemeinschaft Deutscher Wald (association for the protection of German forests), enabling the association to recruit a second instructor. The Forest School has been domiciled at Gut Leidenhausen in the midst of the Wahner Heide region since 1984. The offer is aimed at primary school children and students with learning disabilities attending the Förderschule. The donation was taken from the budget for ecological compensatory measures. A key business objective of Cologne Bonn Airport still is the reduction of CO ² emissions within the scope of its climate protection strategy. The Airport has committed itself to grow only climate-neutrally by 2020. The central target means: emissions shall at least remain constant on the basis of the level reached in 2005. To achieve this target, the airport focuses on a series of innovative technologies. Photovoltaic facilities and a combined heat and power unit (CHPU) are two important pillars. Five photovoltaic facilities that were installed in the past years produce climate-neutral electricity in the total amount of about 2,380,000 kilowatt hours p.a., which is appropriate to provide 680 three-person households with electricity and to avoid 1,330 tons of carbon dioxide at the same time. The total capital expenditure for the photovoltaic facilities is about EUR 7 million. A combined heat and power unit went into operation on the Airport premises in 1999 already. Since 42 Cologne Bonn Airport

then it has been producing electricity, heat and cooling simultaneously. The electricity production thereby covers about half of the Airport s annual electricity demand. The CHPU is planned to be taken over by Fernwärme Niederrhein and fully incorporated into the technical division of the Airport Company in late 2014. by their flights with their smartphone. The donation goes to the Swiss climate protection organisation myclimate. Since September 2008 already, Cologne Bonn Airport has been cooperating with the non-profit making and independent organisation, which supports climate projects all over the world. Cologne Bonn Airport was the first airport in Germany to give passengers the possibility of offsetting the CO ² emissions caused Annual Report 2013 43

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management 5. Forecast, opportunities and risks report For many years now, Flughafen Köln/Bonn GmbH has had a risk management system in place. Each member of staff is obliged to report any identified risks. Irrespective of this, the Company carries out risk inventory reviews twice a year. Major risks have to be reported immediately to the Risk Management Officer, who forwards them directly to the Management Board. Following the risk inventory reviews, the Risk Committee meets to re-evaluate the reported risks and delegate the supervision of the same to the persons responsible. The Company assumes that the operating license for night flights extended until 2030 by the ministry of the Federal State (NRW) in 2008 will remain valid. The introduction of a ban on night flights between midnight and five a.m. for passenger flights envisaged by the federal state government was rejected by the Federal Minister of Transport. Accordingly, the 24-hour operations will be carried out in full scope. The operating license running until 2030 provides for planning and investing security for both the Company and airport users. The air travel tax continues to be a significant burden, particularly for the commercial airports near the border. It favours above all the neighbouring airports in foreign countries. As expected, the air travel tax has led to a lower number of passengers and substantial growth rates at near airports in adjacent foreign countries. A further risk arises from stricter authorisation procedures. Communities of interests are permanently taking legal action 44 Cologne Bonn Airport

against the Airport Company because of both investments and operating licenses. Fortunately, no complaints have been successful so far. There are currently no risks threatening the continued existence of the Company. As the airport offers a comfortable threerunway system together with an intercontinental runway as well as numerous terminals and cargo halls, additional increases in air traffic movements can be managed any time. The existing motorway and railway networks back up the outstanding infrastructure. The extremely favourable climatic conditions are another advantage, since the airport is located in a hardly fogbound region which is rarely affected by snowfalls. These conditions are especially favourable both for the development of the cargo traffic and that of the passenger traffic, and primarily promote the services and production industry. The development of earnings from take-off and landing charges fell short of the forecast by about 2 % in 2013. This was the result of both less transports (20,000 passengers and 20,000 tonnes of cargo) compared with the planning and slightly reduced average revenues due to a higher capacity utilisation of cargo planes. Expenses for the maintenance of equipment rose more significantly than planned to about EUR 26.5 million. This was mainly due to the formation of a provision for fire protection measures for diverse terminal areas. The personnel expenditure of the year 2013 as well increased more significantly than expected to about EUR 114.8 million. This increase is attributable to the early retirement and severance programme adopted by the Supervisory Board in December. Due to the special effects in the expense area the targeted EBITDA of about EUR 57 million could not be achieved in 2013. The EBITDA only amounted to approximately EUR 53 million. Owing to reduced periods, amortisation and depreciation showed a result that was higher by around EUR 0.7 million than originally planned. The financing costs incurred by the Company largely performed much better than expected due to the market situation. Here, a result could be achieved that exceeded the forecast by approx. EUR 3.7 million. The planned investments amounting to around EUR 45 million were realised at 60 % only. Non-realised projects primarily related to diverse structural engineering measures (e. g. room for subsequent examination through German Federal Police, non-return devices in arrival areas, new cargo halls, staff parking areas) and diverse IT projects (e. g. safety management systems, IT infrastructure). Flughafen Köln/Bonn GmbH assumes slightly increasing passenger numbers (2.4 %) and a moderate growth in the cargo volume (2.7 %) In 2014. The forecasts for the year 2014 correspond more or less to the results for the year 2013. The Airport Company anticipates a net income for the year of EUR 1.0 million and a further growth in air traffic movements as well as a stable earnings trend in the following period. As a consequence of the new fee regulation for take-off and landing charges that entered into force in April 2013 and in January 2014 respectively, sales revenues will increase by about 4 % in the Aviation segment, despite the overall smaller increase in the traffic development. Overall, the increase in sales revenues is not expected to exceed 1 %, which is attributable to differ- Annual Report 2013 45

Report of Cologne Bonn Airport GmbH Management Report of Cologne Bonn Airport GmbH Management ent one-time special effects in the year 2013 especially in the area of rental income and income from auxiliary plants. In the expense area the Company benefits in 2014 from a reduction in personnel expenses, the largest expense item. Here the severance and retirement programme adopted in 2013 contributes to the fact that the cost increase is substantially reduced and, despite further collectively agreed increases, drops to a percentage of roughly 1 %. To cope with the future growth in traffic, the Company will make capital investments of about EUR 47 million in 2014. A large amount of capital is spent on the renewal of important IT systems (EUR 6.7 million) and on the procurement of replacements of older vehicles and equipment (EUR 5.9 million). The financing costs incurred as a result of the investments made and of those still in planning have been taken sufficiently into account in the medium-term profit planning. The same applies to amortisation and depreciation and to maintenance expenses. Accounting-related internal control system Within the scope of an accounting-related internal control system (ICS), the principles, procedures and measures are implemented to ensure the correctness of the financial reporting. This process is continuous and constantly developed. It takes account of the goal of preparing financial statements that are in accordance with the German Commercial Code (HGB). It should be noted that, regardless of the concrete form of the ICS, absolute security can never be achieved. In terms of accounting this means that the security will always be relative and that only material misstatements in the financial reporting can be avoided or detected. From this point of view, risk aspects are defined for the ICS of Flughafen Köln/Bonn GmbH involving both a preventive and a detective verification approach. They include among others: G Functional segregation, in particular adherence to the four-eyes principle G Non-automated and IT-supported reconciliations G IT controls by checking access regulations and monitoring by means of a change management Regular audits conducted by the Internal Audit Department in agreement with the management also serve to ensure the functionality and effectiveness of the ICS within the Company. 6. Post balance sheet events Events of particular significance did not occur after the balance sheet date of the financial year 2013. Cologne, 15 April 2014 Flughafen Köln/Bonn GmbH signed: Michael Garvens (Chairman of the Management Board) signed: Athanasios Titonis (Technical Management Board) 46 Cologne Bonn Airport

Annual Report 2013 47

of the Financial Statements for the 2013 Financial Year Notes of the Financial Statements for the 2013 Financial Year Notes A. General information (1) Preliminary note The annual financial statements have been prepared in accordance with the German Commercial Code ( HGB ) for corporations as well as the regulations under the Law on Limited Liability Companies ( GmbHG ). The company is a large corporation as defined in 267 (3) HGB. The required disclosures which can be optionally provided either in the balance sheet or income statement or in the notes to the financial statements are stated in the notes to the financial statements except for the development of the net retained profits. These disclosures also include the information to be provided according to 268 (4) and (5) HGB. (2) Accounting and valuation policies We have valued assets and liabilities by appropriate application of the valuation methods and regulations under German commercial law and in compliance with the generally accepted accounting principles. There have been no changes in the accounting and valuation rules applied compared to the prior year. The expenses for passive noise protection are reported under self-produced intangible assets. The total amount of research and development costs corresponds to the capitalised self-produced intangible assets. Intangible fixed assets and property, plant and equipment have been valued at acquisition or production cost. Own work capitalised includes direct labour cost as well as appropriate overheads. Amortisation and depreciation is carried out on the basis of the assets expected useful life. Intangible fixed assets and tangible fixed assets were amortised and appreciated, respectively, on a straight-line basis. The useful life of fixed assets running threeshift operation is principally estimated to be shorter. The passive noise protection works shown under self-constructed intangible assets are being depreciated until 30 April 2040. The specific useful lives of buildings range from 25 to 50 years. The flight operations area is depreciated over 15 to 30 years, the other technical equipment and machinery over a period between 5 and 30 years. Other loans are recognised at nominal amounts. Inventories are valued at the average purchase prices and in line with the lower of cost or market value principle. Receivables, other assets and liquid funds have been stated at their nominal value. In the case of the receivables, appropriate specific and general allowances have been made to cover the risks. For employees eligible for pension commitments, provisions have been set up on the basis of Prof Dr Klaus Heubeck s 2005 G Standard Tables for estimating biometric probabilities observing the projected unit credit method based on actuarial principles. The measurement was based on a pay rise trend of 2.5 % p.a. and a pension trend of 2.0 % p.a. The discounting rate accounts for 4.88 % as of 31 December 2013, which was determined and announced by the German central bank on the basis of the average market interest rate of the past seven financial years for an estimated residual term of 15 years in accordance with 253 48 Cologne Bonn Airport

(2) HGB in connection with the German Provision Discounting Regulations (Rück- AbzinsV). The provisions for early-retirement parttime commitments also include the amounts for addition eligible to the employees under an early-retirement part-time employment according to 3 (1) Law on Early-Retirement Part-Time Work (ATG). The part-time employment schemes follow the principles of the so-called block model, under which the provision also includes the proportional remuneration for the redundancy phase. The provisions were calculated on the basis of the projected unit credit method in compliance with the German Provision Discounting Regulations (RückAbzinsV) and were discounted at matching maturities at an interest rate between 3.34 % and 3.93 %. As of 31 December 2012, for the first time, provisions for early-retirement part-time commitments were created also for the fire brigade and medical staff on the basis of the collective agreement newly concluded in 2012. The provision is determined on the basis of biometric probabilities using actuarial tables (Heubeck s 2005 G Standard Tables). The provision is accumulated in proportion to time. A pay rise trend of 2.5 % p.a. and a degree of probable utilisation of 90 % have been taken into account. The discounting rate accounts for 4.88 % as of 31 December 2013, which was determined and announced by the German central bank on the basis of the average market interest rate of the past seven financial years for an estimated residual term of 15 years in accordance with 253 (2) HGB in connection with the German Provision Discounting Regulations (RückAbzinsV). The Company is a member of a supplementary pension fund (Zusatzversorgungskasse), which grants its members employees and their surviving dependants supplementary retirement, reduction in earning capacity and surviving dependants pensions. For possible obligations of the Company to assume liabilities due to short cover of the supplementary pension fund, as in the previous years, no provision was set up by appropriate application of the option to accrue for indirect pension commitments under German commercial law (Article 28 (1) EGHGB [Introductory Act to the German Commercial Code]). The provisions for taxes and other provisions cover all identifiable risks and contingent liabilities and are based on sound business judgement. Measurement is made to the amount of the settlement amount, which is required according to sound business judgement to cover future payment obligations. Future price and cost increases were considered provided that there are sufficient objective indications for their occurrence. Provisions with a residual term of more than one year are discounted with the market interest rate applicable to their residual terms. Liabilities are recognised at their repayment amount. From 2010 onwards, deferred tax assets are established for temporary differences between the financial statements under Commercial Law and tax balance sheets concerning the values recognised for assets and liabilities. In addition to the temporary accounting differences, tax loss carryforwards are considered. The calculation of deferred taxes is based on the combined income tax rate of currently about 32.4 %. This resulted in a deferred tax liability, which is especially a result of differences of the values included in property, plant and equipment. Annual Report 2013 49

Notes of the Financial Statements for the 2013 Financial Notes of the Financial Statements for the 2013 Financial Year Year B. Notes to the balance sheet (3) Fixed assets Fixed assets are presented in the statement of movements in fixed assets attached to these notes to the financial statements. (4) Trade receivables The item refers to accounts receivable from airlines, authorities, lease-holders and tenants. They have as in the previous year a residual term of up to one year. (5) Other assets Other assets basically include tax refund claims within the scope of creditable corporate income tax (EUR 651 thousand), VAT receivables (EUR 1,363 thousand), receivables from employees (EUR 235 thousand) and creditors with debts (EUR 715 thousand). Accounts totalling EUR 479 thousand have a residual term of more than one year (previous year: EUR 288 thousand). (6) Deferred charges and prepaid expenses This item includes certain payments made in advance. (7) Subscribed capital As in the prior year, the share capital amounts to EUR 10,821,000.00 and is held by: % City of Cologne Share % City of Cologne 31.12 Federal Republic of Germany 30.94 Beteiligungsverwaltungsgesellschaft des Landes Nordrhein- Westfalen mbh (BVG) [Holding and management company of the State of North Rhine-Westphalia] Stadtwerke Bonn GmbH [Public utility company of the City of Bonn] 30.94 6.06 Rhein-Sieg District 0.59 (8) Capital reserves These are reserves bound to specific purposes for the expansion of the Airport. (9) Revenue reserve As of 31 December 2013, the revenue reserve amounts to EUR 165.0 million, EUR 4.0 million of which were allocated from the net retained profits in accordance with the shareholder resolution dated 14 June 2013. The revenue reserves are exclusively comprised of other revenue reserves. The amount excluded from distribution as per 268 (8) HGB for the capitalisation of self-produced intangible fixed assets is EUR 2,969 thousand as of 31 December 2013. (10) Tax provisions This item refers to provisions for taxes on income, property and electricity taxes and for VAT payments. (11) Other provisions The components of other provisions are as follows: Maintenance obligations and outstanding invoices Commitments towards employees EUR m 24.0 14.4 Audit and consulting fees 0.8 Other 1.2 40.4 Rheinisch-Bergischer-District 0.35 100.00 50 Cologne Bonn Airport

(12) Liabilities Liabilities and their maturities are shown in the table below: of which with a residual term up to 1 year KEUR more than 5 years KEUR Total amount 31/12/2013 KEUR Residual term up to 1 year Prior year KEUR 1. Liabilities to banks 64,903 77,897 306,623 43,187 2. Trade payables 15,623 0 15,623 20,216 3. Other liabilities 2,829 17,500 28,817 2,148 - of which taxes (1,409) (0) (1.409) (706) - of which relating to social security (12) (0) (12) (60) 83,355 95,397 351,063 65,551 Liabilities to banks include deferred interest of EUR 2,897 thousand. The Company does not have derivatives. (13) Deferred tax liabilities Deferred tax assets of EUR 7.6 million, which predominantly result from tax loss carryforwards, were offset against deferred tax liabilities in the amount of EUR 87.6 million, which are largely due to the remeasurement of fixed assets. Deferred tax liabilities amount to EUR 80.0 million. The corporate income tax rate including solidarity surcharge is 15.83 %, municipal trade tax accounts for 16.59 %. C. Notes to the income statement (14) Revenue Airport fees, ground services Rents, leases and supply services 2013 KEUR Prior year KEUR 172,748 173,241 87,744 85,804 Other services 10,648 5,939 - of which generated in other periods 271,140 264,984 (2,355) (1,609) (15) Other operating income The item primarily includes income from the release of provisions, training programmes for third-party personnel, the sale of assets and other additional revenue. These comprise income related to other periods of EUR 6.9 million (prior year: EUR 2.2 million). (16) Cost of materials Cost of consumables and supplies include costs of EUR 26.6 million incurred for the maintenance of equipment (prior year: EUR 19.8 million). The item includes cost of materials relating to other periods in the amount of EUR 0.9 million (prior year: EUR 0.0 million). (17) Personnel expenses The cost of post-employment benefits come to EUR 7.1 million (prior year: EUR 7.0 million). Annual Report 2013 51

Notes of the Financial Statements for the 2013 Financial Notes of the Financial Statements for the 2013 Financial Year Year (18) Other operating expenses This item comprises inter alia additions to other provisions, advertising and marketing expenses, general and administrative expenses, insurances, rents and leases as well as staff-related costs. Operating expenses of EUR 3.3 million relate to other periods (prior year EUR 2.4 million). (19) Other interest and similar income Income from discounting provisions amounts to EUR 0.2 million (prior year: EUR 0.4 million). The interest includes income relating to other periods in the amount of EUR 1.2 million (prior year: EUR 0.0 million). (20) Interest and similar expenses The accumulation of interest amounts to EUR 0.2 million (prior year: EUR 0.4 million). (21) Income taxes Besides tax refunds for prior years and allocations to provisions, the tax expense largely includes deferred taxes in the amount of EUR 1.1 million (prior year: EUR 2.5 million). D. Other disclosures (22) Other financial commitments The total amount of major other financial obligations not recognised in the balance sheet consists of: The employer s contribution to the supplementary pension fund amounted to EUR 6,933 thousand in 2013 (prior year: EUR 6,711 thousand). Accounts payable to suppliers KEUR 18,933 (23) Breakdown of employees without managing directors and apprentices (annual average) Annual payment obligations under tenancies and leases (of which for an indefinite period EUR 64 thousand p.a.) 3,122 18,398 The Company is a member of the City of Cologne supplementary pension fund ( Zusatzversorgungskasse ), which grants its members employees and their surviving dependants supplementary retirement, reduction in earning capacity and surviving dependants pensions. In addition to the rate of 5.8 % of the remuneration subject to the pension contributions, an additional contribution is levied to build up capital cover, which was at 3.2 % in 2013 (prior year: 3.2 %). The shortage in cover, which was not recognised in exercising the option under Art. 28 Introductory Law to the Commercial Code (EGHGB), amounts to EUR 54,373 thousand as of 31 December 2013. Employees ground service 2013 Number Prior year Number 378 416 Other employees 1,422 1,388 1,800 1,804 (24) Total fees paid to the auditor EUR Audit services 86,700 (25) Compliance with 110 German Power Industry Law (EnWG, new version) With the entry into force of the innovations of the German Power Industry Law ( EnWG ) in August 2011, Flughafen Köln Bonn GmbH, being classified as closed dis- 52 Cologne Bonn Airport

tribution network operator in the electric power area, is committed to satisfying the requirements under 6b (3) EnWG. Consequently, a so-called statement of activities has to be prepared for the electricity network area, consisting of balance sheet and income statement, and separate accounts shall be kept and maintained for the other activities within and outside electricity supply. Flughafen Köln Bonn GmbH fully meets this obligation. Regarding the publication of the statement of activities and the inclusion of explanatory notes in the management report, the Company makes use of the exemptions provided for in 6b (8) EnWG. (26) Management Board Michael Garvens, Bergisch Gladbach/Germany, Administration Director (Chairman of Board of Management) Athanasios Titonis, Bonn/Germany, Technical Director The total emoluments of the active managing directors for the financial year 2013 amounted to EUR 767 thousand and can be broken down as follows: in EUR thousands Michael Garvens Athanasios Titonis Basic pay 255 200 Variable pay (performance-related bonus) 128 100 Benefits in kind and other remuneration 29 55 412 355 Remuneration of former managing directors or their dependants amounted to EUR 462 thousand. As at the balance sheet date, the provision for pension obligations set up for former managing directors or their surviving dependants amounted to EUR 6,320 thousand, and for active managing directors to EUR 1,290 thousand Annual Report 2013 53

Notes of the Financial Statements for the 2013 Financial Notes of the Financial Statements for the 2013 Financial Year Year (27) Members of the Supervisory Board The members of the Supervisory Board received the following remuneration in 2013: Remuneration in 2013 Dr. Volker Hauff Former Federal Minister State of North (Chairman) Rhine-Westphalia EUR 3,525.22 Hans-Dieter Metzen Employee of Flughafen Köln/Bonn GmbH Employees 1st Deputy Chairman representative EUR 1,687.30 Jochen Ott Former Principal ( Oberstudienrat a. D. ) City of 2nd Deputy Chairman Cologne EUR 1,684.17 Dr. Martina Hinricher Federal Republic 3rd Deputy Chairwoman of Germany EUR 1,648.95 Gunther Adler State of North State Secretary Rhine-Westphalia EUR 1,559.47 Nuretdin Aydin Employees Loading Supervisor FKB representative EUR 1,840.70 Bernhard Braun Employees Employee of FKB representative EUR 1,521.12 Winrich Granitzka City of Consultant Cologne EUR 1,572.25 Waltraud Mayer Employees Employee of Flughafen Köln/Bonn GmbH representative EUR 1,469.99 Dr. Rüdiger Messal State of North State Secretary Rhine-Westphalia EUR 1,751.22 Gerold Reichle Federal Republic Ministerial director of Germany EUR 1,572.25 Jürgen Roters City of EUR 2,038.32 Lord Mayor Cologne Petra von Wick Federal Republic Ministerial Secretary of Germany EUR 1,838.87 Karl-Heinz Wildschrei Employees Employee of FKB representative EUR 1.623,39 Eduard Wolf Rheinisch-Bergischer (until 14 June 2013) District EUR 971,48 Reinhard Limbach Rheinisch-Bergischer (since 14 June 2013) District EUR 1.036,23 EUR 27.340,93 (28) Proposal for the appropriation of profits Management proposes to allocate the net income for the year of EUR 1,049,941.70 to the revenue reserves. Cologne, 15 April 2014 Flughafen Köln/Bonn GmbH signed: Michael Garvens (Chairman of Management Board) signed: Athanasios Titonis (Technical Director) 54 Cologne Bonn Airport

Annual Report 2013 55

Report Auditor s Report Auditor s Auditor s Report We have audited the annual financial statements, comprising the balance sheet, the income statement and the notes to the financial statements, together with the bookkeeping system, and the management report of Flughafen Köln/Bonn Gesellschaft mit beschränkter Haftung, Cologne, for the financial year from January 1 to December 31, 2013. In accordance with 6b (5) German Power Industry Law ( EnWG ), the audit also covered compliance with the obligations to submit accounts set out in 6b (3) EnWG, according to which separate accounts must be kept for the activities as per 6b (3) EnWG and statements of activities must be prepared. The maintenance of the books and records and the preparation of the annual finan-cial statements and management report in accordance with German commercial law as well as compliance with the obligations as per 6b (3) EnWG are the responsibility of the Company's management. Our responsibility is to express an opinion on the annual financial statements, together with the bookkeeping system, and the management report based on our audit, as well as on compliance with the obligations to submit accounts according to 6b (3) EnWG. We conducted our audit of the annual financial statements in accordance with 317 of the German Commercial Code [HGB] and the generally accepted standards for the audit of finan-cial statements promulgated by the German Institute of Public Auditors [IDW]. Those stan-dards require that we plan and perform the audit such that misstatements materially affecting the presentation of the net assets, financial position and results of operations in the annual financial statements in accordance with German principles of proper accounting and in the management report are detected with reasonable assurance and that all the main requirements of the accounting obligations in accordance with 6b (3) EnWG have been fulfilled. Knowledge of the business activities and the economic and legal environment of the Company and expectations as to possible misstatements are taken into account in 56 Cologne Bonn Airport

the determination of audit procedures. The effectiveness of the accounting-related internal control system and the evidence supporting the disclosures in the books and records, the annual financial statements and the management report as well as compliance with the obligations to submit accounts according to 6b (3) EnWG are examined primarily on a test basis within the framework of the audit. The audit includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the annual financial statements and management report as well as assessing whether the carrying amounts and account allocations in accordance with 6b (3) EnWG have been de-termined in an appropriate and transparent manner and the consistency principle has been observed. We believe that our audit provides a reasonable basis for our opinion. Taking into consideration the accounting records and the management report, our audit has not led to any reservations. In our opinion, based on the findings of our audit, the annual financial statements of Flughafen Köln/Bonn Gesellschaft mit beschränkter Haftung, Cologne, comply with the legal requirements and give a true and fair view of the net assets, financial position and results of operations of the Company in accordance with German principles of proper accounting. The management report is consistent with the annual financial statements and as a whole provides a suitable view of the Company's position and suitably presents the opportunities and risks of future development. The audit of compliance with the obligations to submit accounts as per 6b (3) EnWG, ac-cording to which separate accounts must be kept for the activities as per 6b (3) EnWG and statements of activities must be prepared, has not led to any reservations. Cologne, 15 April 2014 signed: Hillesheim (Wirtschaftsprüger) signed: Mackenrodt (Wirtschaftsprüfer) Annual Report 2013 57

sheet Balance sheet Balance Balance sheet as of 31 December 2013 Assets Notes (No.) 31.12.2013 31.12.2013 31.12.2012 31.12.2012 A. Fixed assets (3) I. Intangible assets (Tz.) EUR EUR EUR EUR 1. Self-produces industrial and similar rights and assets 4,392,680.00 3,428,924.00 2. Licenses and IT software acquired for a consideration 4,723,940.00 5,082,830.00 3. Advance payments 1,595,464.76 10,712,084.76 1,108,798.54 9,620,552.54 II. Property, plant and equipment 1. Land, land rights and buildings including buildings on third-party land 490,389,173.68 494,773,111.83 2. Technical equipment and machinery 164,508,558.00 168,992,828.00 3. Othe equipment, operational and office equipment 37,554,254.20 37,480,129.00 4. Advance payments and construction in progress 3,008,056.28 695,460,042.16 7,338,241.88 708,584,310.71 III. Financial assets Other loans 743,558.85 859,700.73 B. Current assets 706,915,685.77 719,064,563.98 I. Inventories Consumables and supplies 3,803,253.26 3,239,845.84 II. Accounts receivable and other assets 1. Trade receivables (4) 26,536,509.67 20,234,728.39 2. Other assets (5) 4,093,200.94 30,629,710.61 1,793,921.23 22,028,649.62 III. Cash on hand, cash in banks 1,877,476.86 1,397,365.56 36,310,440.73 26,665,861.02 C. Deferred charges and prepaid expenses (6) 806,919.64 598,279.35 744,033,046.14 746,328,704.35 58 Cologne Bonn Airport

Equipment and liabilities Notes (No.) 31 Dec. 2013 31 Dec. 2012 EUR EUR A. Equity I. Subscribed capital (7) 10,821,000.00 10,821,000.00 II. Capital reserves (8) 82,732,654.49 82,732,654.49 III. Revenue reserves (9) 165,041,380.32 161,033,838.75 IV. Net income for the financial year 1,049,941.70 4,007,541.57 259,644,976.51 258,595,034.81 B. Provisions 1. Pension provisions 7,610,935.03 7,512,134.00 2. Tax provisions (10) 2,910,383.40 4,140,540.00 3. Other provisions (11) 40,379,511.00 32,243,134.00 50,900,829.43 43,895,808.00 C. Liabilities (12) 1. Liabilities due to banks 306,623,344.39 314,046,531.15 2. Trade payables 15,622,718.48 20,215,859.32 3. Othe liabilities 28,817,282.45 28,794,477.83 351,063,345.32 363,056,868.30 D. Deferred income 2,428,381.88 1,888,795.24 E. Deferred tax liabilities (13) 79,995,513.00 78,892,198.00 744,033,046.14 746,328,704.35 Annual Report 2013 59

statement Income statement Income Income statement for the period from 1 January to 31 December 2013 Notes (No.) 2013 2013 2012 2012 (Tz.) EUR EUR EUR EUR 1. Revenue (14) 271,139,629.01 264,983,937.03 2. Othe own work capitalised 1,964,731.13 1,881,064.87 3. Othe operating income (15) 8,705,346.79 4,275,746.20 4. Cost of materials (16) 281,809,706.93 271,140,748.10 a) Cost of raw materials, supplies and purchased goods 36,280,442.75 25,692,429.49 b) Expenses for purchased services 54,631,860.90 90,912,303.65 55,620,383.33 81,312,812.82 5. Personnel expenses (17) a) Wages and salaries 91,442,939.81 83,856,622.26 b) Social security, pension costs and othe benefits 23,348,265.80 114,791,205.61 22,843,794.37 106,700,416.63 6. Amortisation of intangible assets and depreciation of property, plant and equipment 36,514,782.61 34,870,062.86 7. Other operating expences (18) 23,288,658.25 23,507,320.70 8. Income from long-term loans 15,586.44 17,399.67 9. Other interest and similar income (19) 1,348,147.46 382,181.31 10. Interest and similar expenses (20) 13,624,411.64 15,613,431.73 11. Results from ordinary operations 4,042,079.07 9,536,284.34 12. Income taxes (21) 1,028,490.04 2,722,120.04 13. Other taxes 1,963,647.33 2,806,622.73 14. Net income for the financial year 1,049,941.70 4,007,541.57 60 Cologne Bonn Airport

Annual Report 2013 61

of fixed assets movements Statement of fixed assets movements Statement Statement of fixed assets movements Fixed assets Status and Development Acquisition cost I. Intangible Assets 1 Jan. 2013 Additions 2013 Reclassifications 2013 Disposals/ Repayments 2013 31 Dec. 2013 EUR EUR EUR EUR EUR 1. Self-produced industrial and similar rights and assets 3,807,121.84 1,130,566.62 0.00 0.00 4,937,688.46 2. Licenses and IT software 21,449,236.55 577,520.41 314,435.20 0.00 22,341,192.16 3. Advance payments 1,108,798.54 886,443.49 314,435.20 85,342.07 1,595,464.76 26,365,156.93 2,594,530.52 0.00 85,342.07 28,874,345.38 II. Property, plant and equipment 1. Land, land rights and buildings including buildings on third-party land 751,264,753.83 11,893,339.76 1,866,133.46 0.00 765,024,227.05 2. Technical equipment and machinery a. Flight operation areas 134,956,693.16 371,873.15 18,728.35 0.00 135,347,294.66 b. Other technical equipment and machinery 244,240,163.51 5,114,157.92 1,743,757.26 194,645.06 250,903,433.63 3. Other equipment, operational and office equipment 95,882,131.16 5,668,996.14 193,583.03 3,184,101.15 98,560,609.18 4. Advance payments and construction in progress 7,338,241.88 1,987,865.34 3,822,202.10 2,495,848.84 3,008,056.28 1,233,681,983.54 25,036,232.31 0.00 5,874,595.05 1,252,843,620.80 III. Financial assets Other loans 859,700.73 0.00 0.00 116,141.88 743,558.85 Total 1,260,906,841.20 27,630,762.83 0.00 6,076,079.00 1,282,461,525.03 62 Cologne Bonn Airport

1 Jan. 2013 (accumulated) Amortisation, depreciation and write-downs Amortis./ Deprec./ Write downs 2013 Write up 2013 Disposals 2013 Reclassification 2013 31 Dec. 2013 (accumulated) Book values 31 Dec. 2013 31 Dec. 2012 EUR EUR EUR EUR EUR EUR EUR EUR 378,197.84 166,810.62 0.00 0.00 0.00 545,008.46 4,392,680.00 3,428,924.00 16,366,406.55 1,250,845.61 0.00 0.00 17,617,252.16 4,723,940.00 5,082,830.00 0.00 0.00 0.00 0.00 0.00 0.00 1,595,464.76 1,108,798.54 16,744,604.39 1,417,656.23 0.00 0.00 0.00 18,162,260.62 10,712,084.76 9,620,552.54 256,491,642,00 18,143,411.37 0.00 0.00 0.00 274,635,053.37 490,389,173.68 494,773,111.83 88,386,403.16 3,105,972.50 0.00 0.00 0.00 91,492,375.66 43,854,919.00 46,570,290.00 121,817,625.51 8,564,688.63 0.00 132,519.51 0.00 130,249,794.63 120,653,639.00 122,422,538.00 58,402,002.16 5,283,053.88 0.00 2,678,701.06 0.00 61,006,354.98 37,554,254.20 37,480,129.00 0.00 0.00 0.00 0.00 0.00 0.00 3,008,056.28 7,338,241.88 525,097,672.83 35,097,126.38 0.00 2,811,220.57 0.00 557,383,578.64 695,460,042.16 708,584,310.71 0.00 0.00 0.00 0.00 0.00 0.00 743,558.85 859,700.73 541,842,277.22 36,514,782.61 0.00 2,811,220.57 0.00 575,545,839.26 706,915,685.77 719,064,563.98 Annual Report 2013 63

of the Supervisory Board Report of the Supervisory Board Report During the year under review, the Supervisory Board was regularly informed by written and oral reports from the Management Board on the Company s economic situation and development. At its meetings, the quarterly reports submitted by the Management Board on the developments in traffic and business were discussed in detail. The Supervisory Board s major decisions related to its ratification of the following issues: G the 2012 annual financial statement, management report and various cost overruns of the 2012 business plan G the acts of the Management Board for the financial year 2012 G issuing the audit mandate for the financial year 2013 G business, finance and staff plan 2014 G medium-term business and finance plan 2015 2019 G future of the general cargo sector G purchase of combined heat and power unit G conclusion of company agreements G redundancy and early retirement programmes G compensation assessment process G amendment to the company agreement G amendment of rules of procedure for the Supervisory Board and the Executive Committee G various construction projects G personnel matters Further main priorities of the Supervisory Board s work were not only the discussion of Cologne Bonn Airport s general economic situation (quarterly reports), but also involved: G risk inventory G reports on the proceedings of the Commission in accordance with 32b German Air Traffic Law [LuftVG] G measures in the active and passive noise abatement programme, including future developments G designation of building areas in the vicinity of the Airport G Access to Environmental Information Act. The annual financial statement as at 31 December 2013 and the management report were audited by the auditing company KPMG, Cologne, and an unrestricted auditor s certificate was issued. The Supervisory Board discussed the management report and annual financial statement on the basis of the auditor s report by KPMG and the findings of the auditing company under 53 of the Budgeting Principles Act [HGH]. On the basis of its examination, the Supervisory Board raised no objections against the auditor s report or the findings of the auditing company KPMG. The Supervisory Board shall make the following proposal to the Annual General Meeting: G The approved annual financial statement be adopted and the annual surplus amounting to 1,049,941.70 be transferred to the revenue reserves. In the year under revision, there were the following changes in the membership of the Supervisory Board: 64 Cologne Bonn Airport

Mr. Eduard Wolf (Rheinisch-Bergisch District), as a representative of the small members duly retired from the Supervisory Board as of 14.06.2013. In his stead, Mr. Reinhard Limbach (City of Bonn) was elected on to the Supervisory Board on 14.06.2013. The Supervisory Board thanks Mr. Wolf for his professional advice and commitment to the Airport Company s interests. The Supervisory Board would also like to thank the Management Board and all employees for their commitment and the able and successful work they have done throughout the year under review. Cologne, 28.04.2014 The Supervisory Board Dr. Volker Hauff (Chairman) Annual Report 2013 65

Imprint Imprint Publisher: Staff Unit Corporate Communications (SU) Flughafen Köln/Bonn GmbH P.O. Box 98 01 20 D-51129 Cologne Responsible: Walter Römer Editor: Bodo Rinz Layout and prepress: schreibervis D-64404 Bickenbach Photos: Aviation Friends Cologne/Bonn (4), Leith/UFO Luftbild (8), Nickel (2), Norwegian (1), Pletschke (2), Rabsch (2), Rinz (1), Rülcker (24), Steinebach (3), UPS (1), van Melis (1), Wiedermann (1). Illustrations: Page 20 and 22: schreibervis, Bickenbach Status: May 2014 66 Cologne Bonn Airport

Flughafen Köln/Bonn GmbH P.O. Box 98 01 20 D-51129 Cologne www.koeln-bonn-airport.de