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)
determined by applying the projected unit credit method. Independent actuarial
valuations are carried out annually for the largest plans and on a regular basis for
other plans. The actuarial assumptions used to calculate the benefit obligations
vary according to the economic conditions of the country in which the plan is
located. Such plans are either externally funded, with the assets within the
schemes held separately from those of the Group, or unfunded with the related
liabilities carried in the statement of financial position.
For the funded defined benefit plans, the deficit or excess of the fair value of plan
assets over the present value of the defined benefit obligation is recognised as a
liability or an asset in the statement of financial position. However, excess assets
are recognised only to the extent that they represent a future economic benefit
available to the Group, for example in the form of refunds from the plan or
reductions in future contributions.
Actuarial gains and losses arise mainly from changes in actuarial assumptions
and differences between actuarial assumptions and what has actually occurred.
The Group accounting policy is the immediate recognition for all actuarial gains
and losses of the period in equity.
The defined benefit plans actuarial cost charged to the statement of
comprehensive income within the “Personnel and related expenses” caption,
consists of current service cost, interest cost and expected return on plan assets.
Contributions made to defined contribution plans are charged to the statement of
comprehensive income within the “Personnel and related expenses” caption as
incurred. The same accounting policy is applied for defined benefit plans which
are funded by multi-employer plans where sufficient information is not available to
apply defined benefit plan accounting.
m) Capital issuance and listing costs
Expenses incurred in connection with the incorporation or increases in capital are
applied as a reduction to the proceeds received in the “Additional paid-in capital”
caption of the statement of financial position, net of any related income tax
benefit. The portion of listing expenses that can reasonably be allocated to equity
are also accounted through the “Additional paid-in capital” caption of the
statement of financial position net of any related income tax benefit.
n) Revenue recognition
In the distribution business (Distribution), the Group charges fees to travel
providers for each booking made through our Amadeus GDS platform, and for
other services that are closely related to the booking process (ticketing, revenue
maximization products and other optional products). The pricing of the fee is
dependent upon the usage and the level of functionality at which the provider
participates.
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