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 main reconciling items corresponding to contribution are:
Reconciliation 31/12/2011 31/12/2010
Contribution 1,406,282 1,335,720
Indirect cost (1) (435,461) (422,817)
Indirect capitalizations and research incentives (2) 68,145 63,455
Extraordinary item (note 24) 51,721 -
Extraordinary items (3) (20,815) (325,565)
Depreciation and amortization (4) (238,646) (338,909)
Operating income 831,226 311,884
(1) Principally comprises indirect costs that are shared between the Distribution and IT Solutions operating segments, such as:
(i) costs associated with our technology systems, including our processing of multiple transactions, and (ii) corporate support,
including various corporate functions such as finance, legal, human resources, internal information systems, etc.
(2) Principally capitalization of expenses included within the indirect costs, and research incentives received from the French
government in respect of certain IT/GDS product development activities in Amadeus s.a.s. and which have not been allocated to
an operating segment.
(3) Principally comprises extraordinary variable compensations and other expenses related to the IPO process in 2010 and mainly
extraordinary compensation during 2011.
(4) Includes the capitalization of certain depreciation and amortization costs in the amount of KEUR 3,582 and KEUR 3,303, in the
years ended December 31, 2011, and 2010, respectively.
Geographical information
The Group operates in the travel industry and, accordingly, events that significantly
affect the industry could also affect the Group’s operations and financial position. The
geographical revenue distribution set forth below is disclosed attending to the country
where the legal entity has its registered address.
31/12/2011 31/12/2010
Spain 2,571,115 2,380,792
France 22,191 37,941
Germany 92,365 90,143
Other 31,876 27,477
Europe 2,717,547 2,536,353
North America 21,546 36,131
Rest of the world 19,987 21,104
Total 2,759,080 2,593,588
Amadeus IT Group, S.A. is based in Spain and is the counterparty to all key
contractual arrangements with airlines and other travel providers for Distribution and
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