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 distribution of dividends in 2011, in the amount of KEUR 6,548, was registered
as a reduction in the investment in those associates, as it was considered as a
refund of the original investment. The distribution of dividends in 2010 amounted to
KEUR 3,202.
Transfer relates to the adjustment of the share of losses in the joint-venture
Moneydirect Limited and Amadeus Yemen in excess of our investment, which is
being recognised as a provision by KEUR 2,408 and KEUR 21 respectively as of
December 31, 2011. As of December 31, 2010 the excess of this investment in
Moneydirect was recognised as a reduction on the carrying value of a long term loan
to this entity by KEUR 323.
Transfers for the period 2011 also correspond to the book value of the remaining 5%
of Topas shares held by the Group that has been classified under the caption “Other
non-current financial assets”.
Summarised financial information in respect of the Group’s associates is set forth in
the table below:
42
31/12/2011 31/12/2010
Total assets 54,455 83,230
Total liabilities 49,834 49,324
Net assets 4,621 33,906
Group’s share in net assets of associates 7,125 16,160
Total revenue 67,204 94,327
Total profit / (loss) for the period (3,333) 15,180
Group’s share in profits / (losses) of associates (1,599) 5,744