Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...

AMADEUS IT HOLDING, S.A. AND SUBSIDIARIES
DIRECTORS’ REPORT FOR THE YEAR ENDED DECEMBER 31, 2011
2.1.7 Profit for the period from continuing operations
As a result of the above, profit from continuing operations for the fourth quarter of 2011
(adjusted for extraordinary IPO costs) amounted to €75.5 million, an increase of 78.5% vs. a
profit of €42.3 million in the fourth quarter of 2010. For the full year period, profit from
continuing operations increased by 52.9% to €466.0 million.
2.1.8 Profit for the period from discontinued operations
On June 30, 2011 the Group completed the sale of Opodo Ltd and its subsidiaries. At
December 31, 2011, Opodo is presented as a discontinued operation in our Group income
statement.
As a result of this sale the Group booked a gain of c.€270.9 million (net of taxes). This gain,
together with the extraordinary costs related to the sale, are presented within "Profit from
discontinued operations". As a result, Profit for the period from discontinued operations in the
year amounted to €276.5 million vs. €79.0 million in 2010.
2.1.9 Profit for the period
Profit for 2011, adjusted for extraordinary costs related to the IPO, amounted to €742.4
million, an increase of €358.6 million vs. a profit of €383.8 million in 2010.
2.2 Statement of financial position (condensed)
Dec 31, Dec 31,
Figures in million euros 2011 2010
Tangible assets 282.3 282.8
Intangible assets 1,778.4 1,641.5
Goodwill 2,070.7 2,070.7
Other non-current assets 76.6 132.7
Non-current assets 4,208.1 4,127.7
Assets held for sale 0.0 273.6
Current assets 443.0 394.9
Cash and equivalents 393.2 535.1
Total assets 5,044.3 5,331.4
Equity 1,266.2 767.3
Non-current debt 2,015.1 2,893.9
Other non-current liabilities 745.0 632.5
Non-current liabilities 2,760.1 3,526.4
Liabilities associated with assets held for sale 0.0 95.1
Current debt 226.5 193.5
Other current liabilities 791.6 749.1
Current liabilities 1,018.0 942.6
Total liabilities and equity 5,044.3 5,331.4
Net financial debt (1)
(1) Includes €15.8 million cash reported within the "Assets held for sale" line at
December 31, 2010
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1,848.4 2,536.4