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

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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. 39
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 carrying value of tangible assets under finance lease is as follows: 40 31/12/2011 31/12/2010 Land and buildings 60,555 62,466 Data processing hardware and software 7,577 7,360 Other 9,274 7,604 Total 77,406 77,430 The depreciation charge related to assets acquired under finance leases, for the period ended December 31, 2011 is KEUR 8,357, and KEUR 8,072 for the period ended December 31, 2010. The acquisitions of tangible assets under finance leases were KEUR 13,852 for the period ended December 31, 2011. From these additions, KEUR 7,478 corresponds to Amadeus Data Processing GmbH’s acquisitions via finance lease of a building and the technical equipment for an energy center annexe to the Data Center, as detailed in note 15. The additions for the year ended 2010 amounted KEUR 4,742.
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FORM ANNUAL CORPORATE GOVERNANCE RE
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A.3 Please complete the following t
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A.8 Please complete the following t
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B.1.2 Please complete the following
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Central Bank to assume a role with
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Reasons As a result of the placemen
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B.1.8 Please detail any Board membe
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Other Benefits Amount in thousands
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B.1.13 Please identify the total am
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Please specify whether the Board at
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MR. ENRIQUE DUPUY DE LOME CHAVARRI
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B.1.19 Please specify the procedure
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B.1.24 Please specify whether the c
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Please specify, if applicable, the
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Outgoing auditor Incoming auditor I
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Explanation of procedure its books,
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egulatory requirements, the proper
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l) issue a report annually, prior t
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OPERATION: The Nomination and Remun
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C. RELATED-PARTY TRANSACTIONS C.1.
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- To analyze, measure and evaluate
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shareholders and provided that said
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E.6 Please provide details of any a
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7.- Report on the remuneration poli
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) Identity of grantor and represent
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c) Transactions whose effect is equ
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2. Transactions carried out at pric
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Complies 15. That when the number o
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Complies 25. Companies should organ
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34. That whenever, due to resignati
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vii) Remuneration of executive Boar
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50. That the Audit Committee shall
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It is the power of the Nomination a
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Section B.1.13 There are no indemni
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COMPLEMENTARY INFORMATION TO THE CO
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AMADEUS AMADEUS IT IT HOLDING, HOLD
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The Human Resources Unit is respons
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In 2011 Amadeus’ Finance Function
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In addition the Audit Committee has
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Use of estimates and assumptions, a
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The SLA should include next minimum
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The Committee supports and oversees
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Key terms � “ACH”: refers to
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