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)
Additions for years ended 2011 and 2010, mainly relate to the data processing
hardware and software acquired by the subsidiary Amadeus Data Processing GmbH
by KEUR 29,927 and KEUR 23,438, respectively. Also there are significant additions
of “Other Tangible Assets” due to Amadeus Americas Inc. has entered into a new
lease agreement with a third party and has relocated its corporate headquarters. As
a result of the move, the Company has acquired new furniture, equipment and
building installations. In connection with the new lease, the Company received an
incentive payment totalling approximately KEUR 3,699 from the lessor which the
Company recorded as a non current liability. This incentive is being amortized over
the life of the lease agreement.
In year ended 2010, the additions due to acquisitions relate to the assets of Pixell
Online Marketing GmbH and Perez Informatique S.A. and subsidiaries, as detailed in
note 13.
Retirements for the year ended 2010 include the net assets of Amadeus Hospitality
Group, for an amount of KEUR 2,053, as a result of the sale by the Group, as
described in note 14.
In addition, some write-offs of tangible assets were made, mainly data processing
hardware, in the gross amount of KEUR 61,184 as of December 31, 2011, and KEUR
64,677 as of December 31, 2010. The Group has derecognized these assets as they
were not expected to generate future economic benefits. The equipment was already
fully depreciated at the time it was written off. Also, as a result of Amadeus Americas
Inc. lease agreement, the Company wrote off approximately KEUR 33,499 in fully
depreciated and amortized leasehold improvements, fixtures, furniture and
equipment that related to the former headquarters that were disposed in connection
with the relocations.
In year ended 2010, the “Assets classified as held for sale” caption presents the
transfer of the assets corresponding to Opodo Group. This Group has been sold in
year 2011, as described in note 14.
The amount of expenditure recognised in the carrying amount of tangible assets
under construction for the period ended December 31, 2011, is KEUR 3,019 and
KEUR 648 for the period ended December 31, 2010.
The Group has contractual commitments for the acquisition of tangible assets at
December 31, 2011, in the amount of KEUR 7,904. The commitments at December
31, 2010, were KEUR 4,708.
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