TAV IT

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TAV Airports Holding Annual Report 2008
TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
Macedonia Skopje, Ohrid and Shtip Airports
On 24 September 2008, the 20-year Concession Agreement for the construction and operation of Alexander the Great Airport in
Skopje, renovation and operation of the St. Paul the Apostle Airport in Ohrid, and the construction and optional operation of the
New Cargo Airport in Shtip airports was signed between TAV Macedonia DOOEL Skopje (a new company founded and registered in
order to carry out the Macedonian activities) and the Ministry of Transport and Communication of Macedonia. The operation of the
two airports shall cover all airport activities with the exception of air traffic control, and modernisation activities are contemplated
to include the technical infrastructure.
Operations Contracts
BOT operations and management contracts include the following:
Terminal and airport services-The Group has the right to operate the terminals and airports as mentioned in the preceeding
paragraphs. This includes passenger, ramp and check-in counter services and services for parking-apron-taxi ways (for airport
operations). A fee is charged to each airline based on the number of passengers that utilize the airport, based on the number of
aircrafts that utilize ramps and runways and based on the number of check-in counters utilised by the airlines.
Duty free goods-The Group has the right to manage duty free operations within the terminals which the Group operates. Duty free
shopping is available to both arriving and departing passengers. The duty free shops are either operated by the Group or, in certain
circumstances, subcontracted to other companies in exchange for a commission based on sales.
Catering and airport hotel services-The Group has the right to manage all food and beverage operations within the terminals both
for the passengers and the terminal personnel. The Group subcontracts certain food and beverage operations in exchange for a
commission based on sales.
Area allocation services-As a lessor, the Group leases office space in the airport terminal including the offices leased to the airlines
for ticket office and banks.
Ground handling-The Group has the right to provide all ground handling operations. Ground handling involves providing traffic,
ramp, flight operation, cargo and all other ground handling services for domestic and international flights under the Civil Aviation
Legislation License (“SHY 22”). Additional activities include shuttle bus and car parking.
Lounge services-The Group has the right to operate or rent the lounges to provide CIP or VIP services to the passengers who have the
membership.
Bus and car parking services-The Group has the right to operate the car park and render valet parking services. Revenues from bus
operations include shuttle services running from airports to city centers.
Software and system services-The Group develops software and systems on operational and financial optimisation in aviation,
particularly terminal, flight management system and software programs and to meet the information systems requirements of
group companies and certain third parties.
Security services-The Group operates the security services within the terminals.
The Group employs approximately 11,235 (average: 11,289) people as at 31 December 2008 (31 December 2007: 10,792 (average:
9,473) people).