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 deferred tax assets and liabilities charged to equity in the year 2010 amounted to
KEUR 5,871 and KEUR 25,851, respectively. During 2010, Iberia Líneas Aéreas de
España, S.A., reduced its participation in the capital of the Company, in accordance
with section 2, article 95 of the Reviewed Text of Spanish Corporate Tax Act (note
16), which resulted in a reduction of the deferred tax liability against additional paid-in
capital. As of December 31, 2010, this deferred tax liability amounts KEUR 418.
A deferred tax related to the discontinued operation of Opodo Group was recognised
in 2010 by an amount of KEUR 52,026. During 2011 Opodo Group has been
disposed of, as detailed in note 14.
The table below shows the expiration date of unused tax losses for which no deferred
tax asset was recognized in the financial statements, mainly due to the uncertainty of
their recoverability as at December 31, 2011, and 2010:
Year(s) of expiration 31/12/2011 31/12/2010
0-1 - 2,829
1-2 - 897
2-3 - 509
3-4 - 25
4-5 - -
More than 5 years 21,198 51,578
Unlimited 18,955 11,396
Total 40,153 67,234
As of December 31, 2011, and 2010, the total unrecognized tax losses includes the
tax credit derived from negative tax bases, amounting KEUR 21,198, as generated
by the Company for the year ended July 31, 2005, prior to the application of the
Special Tax Consolidation System. These tax bases pending offset will not be
recognised until the Company is certain that they can be offset against any tax
benefit in the periods until 2021.
In the year ended December 31, 2010, the total unrecognized tax losses includes the
Opodo Group’s by an amount of KEUR 34,640.
100