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)
is not an unusual circumstance, and does not present an impediment for the normal
development of its business.
ii) Use of estimates
Use of estimates and assumptions, as determined by Management, is required in the
preparation of the consolidated annual accounts in accordance with IFRS-EU. The
estimates and assumptions made by management affect the carrying amount of
assets and liabilities. Those with a significant impact in the consolidated annual
accounts are discussed in different sections of this document.
a) Estimated recoverable amounts used for impairment testing purposes
(notes 7, 8 and 9)
b) Provisions (note 18)
c) Pension and post-retirement benefits (note 11)
d) Income tax liabilities (note 22)
e) Cancellation reserve (note 11)
f) Doubtful debt provision (note 11)
g) Share-based payments (note 20)
The estimates and assumptions are based on the information available at the date of
issuance of the consolidated annual accounts, past experience and other factors
which are believed to be reasonable at that time. The actual results may differ from
the estimates.
b) Comparison of information
For comparative information purposes, the Group presents, together with the
amounts included in the consolidated statement of financial position, the
consolidated statement of comprehensive income, the consolidated statement of
changes in equity, and the consolidated statement of cash flows at and for the years
ended December 31, 2011, and 2010. The Group presents comparative information
in the notes when it is relevant to understand the current period’s financial
statements.
The presentation and classification of certain line items in the notes to the annual
accounts have been revised and comparative information has been reclassified
accordingly.
c) Consolidation scope
The Appendix to these consolidated annual accounts lists the subsidiaries,
associates and joint-ventures in which the Group has direct or indirect holdings at
December 31, 2011, and 2010, as well as the consolidation method applied in each
case.
The Group effectively sold on April 29, 2011, indirectly through its subsidiary
Amadeus IT Group S.A., 27% shares of Topas CO. Ltd. (note 14).
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