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)
4. ACCOUNTING POLICIES
Adoption of new and revised International Financial Reporting Standards (IFRS)
� “Amendments to IAS 32: Classification of rights issues”. The effective date is
for annual periods starting on or after February 1, 2010. Rights, options and
warrants issued to acquire a fixed number of an entity’s own non-derivative
equity instruments for a fixed amount in any currency are classified as equity
instruments, provided the offer is made pro-rata to all existing owners of the
same class of the entity’s own non-derivative equity instruments.
� “Revised version of IAS 24 Related Party Disclosures”. IAS 24 simplifies the
disclosure requirements for government-related entities and clarifies the
definition of a related party. The revised standard is effective for annual
periods beginning on or after 1 January 2011, with earlier application
permitted.
� “Improvements to International Financial Reporting Standards (2010)”.
Amendments issued in 2010. The amendments are mostly effective for
annual periods beginning on or after 1 January 2011, with earlier application
permitted.
The adoption of the standards listed above has not resulted on a material impact on
the consolidated financial statements. The new disclosures have been included
within the relevant notes to the consolidated financial statements as necessary.
The following are interpretations issued by the International Financial Reporting
Interpretations Committee which are effective for the first time in the current period:
� “Amendments to IFRIC 14 Prepayments of a Minimum Funding
Requirement”. This amendment to IFRIC 14 has an effective date for
mandatory adoption of 1 January 2011, with early adoption permitted for 2009
year-end financial statements. Applies in limited circumstances when an
entity is subject to minimum funding requirements and makes an early
payment of contributions to cover those requirements. The amendment
permits such an entity to treat the benefit of such an early payment as an
asset.
� IFRIC 19 "Extinguishing Financial Liabilities with Equity Instruments" which
provides guidance on how to account for the extinguishment of a financial
liability by the issue of equity instruments. These transactions are often
referred to as debt for equity swaps. The interpretation is effective for annual
periods beginning on or after 1 July 2010.
The Group will apply IFRIC 14 and IFRIC 19 if and when it enters into transactions
within the scope of this interpretation.
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