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 Group effectively sold on June 30, 2011, through its subsidiary Amadeus IT
Group S.A., 100% of the capital of Opodo Ltd and its subsidiaries after the clearance
to the transaction received from the European Commission (competition authority),
as detailed in note 14.
3. PROPOSED APPROPRIATION OF THE PARENT COMPANY´S RESULT
The Board of Directors will submit to the General Shareholders´ Meeting for
approval, a gross dividend of EUR 0.37 per ordinary share carrying dividend rights,
against 2011 profit for the year. Based on the above, the proposed appropriation of
the results for the year ended December 31, 2011, is as follows:
Euros
Amount for appropriation
Net profit for the year 324,021,738.84
Appropriation to:
Legal reserve 805,647.51
Other reserves 157,610,769.83
Dividends 165,605,321.50
5
324,021,738.84
On November 30, 2011 the Board of Directors of the Company approved the
proposal for distributing an interim dividend of EUR 0.175 per existing share with
dividends rights against profit of the year 2011. The dividend was paid in full on
January 30, 2012, and therefore the complementary dividend to achieve the
proposed final gross dividend amounts to EUR 0.195 per share with dividends rights.
In accordance with Article 277 of the Spanish Corporations Law, the following table
shows the provisional statement obligatory issued by the Directors to substantiate
the Company has sufficient liquidity at that time to distribute the interim dividend.
KEUR
Net income after tax for the period (profit) as at October 31, 2011 325,436
Mandatory appropriation to reserves for the period 2011 (806)
Distributable income 324,630
Interim dividend proposed (maximum amount) (78,000)
Cash and cash equivalents as at October 31, 2011 81
Cash and cash equivalents estimated as at January 30, 2012 78,443