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)
Reconciliation of the funded status of the plan was as follows:
48
31/12/2011 31/12/2010
Define benefit plan assets (1,320) -
Defined benefit plans liability 41,021 29,439
Funded status 39,701 29,439
Net liability in the statement of financial position 39,701 29,439
The Group recognises in equity all actuarial gains and losses in the period in which
they occur. As a result, actuarial losses of KEUR 3,186 (pre-tax KEUR 5,581) and
KEUR 1,476 (pre-tax KEUR 2,271) were recognised directly through the statement of
comprehensive income, net of tax as of December 31, 2011, and 2010, respectively.
The defined benefit plan amounts recognized in the statement of comprehensive
income at December 31 for the years 2011, and 2010, are as follows:
31/12/2011 31/12/2010
Net Current service cost 3,395 3,399
Interest cost 3,628 3,641
Past service cost - 111
Curtailment losses / (gains) 2,139 (219)
Expected return on plan assets (2,456) (2,281)
Total net periodic pension cost 6,706 4,651
At December 31, 2011, and 2010, balances and movements of the items included
under defined benefit plan liability were as follows:
31/12/2011 31/12/2010
Balance at the beginning of the year 29,439 25,064
Company contributions (3,403) (2,497)
Benefits paid directly by the company (217) (190)
Net periodic pension cost for the year 6,706 4,651
Acquisition, divestures, business combinations, and others 670 (683)
Actuarial gains and losses for the period recognised directly in Equity 5,581 2,271
Exchange rate adjustment 925 823
Balance at the end of the year 39,701 29,439