Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...

AMADEUS IT HOLDING, S.A. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED ANNUAL ACCOUNTS FOR THE YEARS ENDED
DECEMBER 31, 2011, AND 2010
(EXPRESSED IN THOUSANDS OF EUROS - KEUR)
95
Period
Corporate Income Tax 01/08/2005 to 31/12/2007
Value Added Tax 2006 and 2007
Withholding tax on salaries and professional income 2006 and 2007
Withholding tax on income from movable capital 2006 and 2007
Withholding tax on income from property leasing 2006 and 2007
Withholding tax on income from non - residents 2006 and 2007
Within these tax audit procedures, that have not yet concluded, the Spanish Tax
Authorities have issued a reassessment in November 2011, in relation with the Value
Added Tax, for the periods 2006 and 2007, which is final and the Group has agreed
with, resulting in no significant tax liabilities for the Group.
The parent company, Amadeus IT Holding S.A., has the financial years as from the
period beginning on August 1, 2005, open to tax audit, in relation to Corporate
Income Tax, as from January 2008 for the Value Added Tax, and from January 1,
2006, for the main other applicable taxes.
On July 20, 2005, the Extraordinary General Assembly of Amadeus IT Holding, S.A.,
approved the application of the Special Tax Consolidation System, in accordance
with article 70 of the Spanish Act on Corporate Income Tax Act, as approved by
Royal Legislative Decree 4/2004, dated 5 March, for fiscal years starting August 1,
2005 onwards, as dominant company of the Tax Consolidation Group, as the
requirement set forth in article 67 of aforesaid Act were complied with. The Group
number is 256/05.
Spanish Tax Consolidation Group is formed by the following companies:
Parent company: Amadeus IT Holding S.A.
Subsidiaries: Amadeus IT Group, S.A.
Amadeus Soluciones Tecnológicas, S.A., Sociedad Unipersonal
Amadeus Capital Markets, S.A., Sociedad Unipersonal
The Income tax expense/(income) for the years ended on December 31, 2011, and
2010, is detailed as follows:
31/12/2011 31/12/2010
Current 165,320 22,446
Deferred 48,054 (10,553)
Total continuing operations 213,374 11,893
Discontinued operations (note 14) 7,020 (50,519)