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)
The detail of tax receivables and payables as of December 31, 2011, and 2010, is as
follows:
Tax receivable
97
31/12/2011 31/12/2010
Income tax receivable 23,841 58,892
VAT (note 12) 64,093 60,766
Others receivable (note 12) 40,270 31,367
Total 128,204 151,025
Tax payable
Income tax payable 21,547 5,659
VAT (note 12) 6,053 5,680
Other tax payable (note 12) 19,403 18,495
Total 47,003 29,834
The Group’s deferred tax balances as of December 31, 2011, are set forth as follows:
Assets 01/01/2011
Net
charged to
income
statement
Charged
to equity
Translation
changes 31/12/2011
Amadeus Operations KG – acquisition 13,925 (6,963) - - 6,962
Unused tax losses 398 750 - - 1,148
Unused investment tax credits 11,781 (9,723) - - 2,058
Finance leases 1,029 (471) - - 558
Net cancellation reserve 6,643 (1,548) - - 5,095
Depreciation and amortization 13,900 (1,310) - (117) 12,473
Bad debt provision 9,840 (1,174) - 17 8,683
Hedge accounting 6,017 - 11,171 17,188
Employees benefits 16,116 (1,760) 2,778 64 17,198
Dividends tax credits 2,388 (398) - - 1,990
Tax audit 3,401 (1,061) - - 2,340
Offsetting obligations 1,114 (261) - - 853
Other 10,512 (2,310) - 161 8,363
97,064 (26,229) 13,949 125 84,909
Netting (50,260) (936) - (96) (51,292)
Total 46,804 (27,165) 13,949 29 33,617