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)
(including servers and storage equipment) and software products (including
operating system software, database software, monitoring software) function as a
unit to provide the necessary production platforms to run all of Amadeus products
- from flight bookings to the Altea suite.
j) Leases
Leases where the Group assumes substantially all the risks and rewards of
ownership are classified as finance leases. The assets are capitalized at an
amount equal to the lower of their fair value and the present value of the minimum
lease payments at the inception of the lease, and a liability is recognised for such
amount. Each lease payment is allocated between the liability and interest
expense based on a constant rate of interest on the outstanding principal. The
capitalized leased assets are depreciated by applying the straight-line method
over the above-mentioned useful lifes.
Operating lease payments are charged to the statement of comprehensive
income within the “Other operating expenses” caption as incurred over the term
of the lease.
k) Non-current assets held for sale and discontinued operations
Non-current assets and disposal groups classified as held for sale are measured
at the lower of carrying amount and fair value less costs to sell.
Non-current assets and disposal groups are classified as held for sale if their
carrying amounts will be recovered through a sale transaction rather than through
continuing use. This condition is deemed to be met only when the asset or
disposal group is available for immediate sale in its present condition and the
sale is highly probable. A sale is considered highly probable when the
appropriate level of management is committed to a plan to sell, the sale price
marketed is reasonable in relation to the asset current fair value, an active
program to locate a buyer and complete the sale plan must have been initiated,
actions required to complete the plan indicate that it is unlikely that the plan will
be significantly changed or withdrawn, and the plan is expected to qualify for
recognition as a completed sale within one year from the date of classification
except in certain limited circumstances.
Discontinued operations consist of operating segments and, disposal groups if
they represent a major line of business or geographical area of operations, which
have either been sold during the period or are classified as held for sale at year
end. The financial performance and cash flows of discontinued operations are
separately reported in the note 14.
l) Pension and other post-retirement obligations
The Group operates a number of defined benefit and defined contribution pension
plans. Liabilities of the Group arising from defined benefit obligations are
15