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)
51
31/12/2011 31/12/2010
Discount rate for Obligations 4.85% 5.10%
Discount rate for Expense 5.10% 5.69%
Long–term rate of return on Plan Assets 5.82% 5.90%
Rate of Future Compensation Increases 3.22% 3.23%
Rate of Pension Increases 0.83% 0.87%
Medical rate and ultimate rate 8% / 5% 8% / 5%
The above summary is a weighted average based on the defined benefit obligation of
each country.
The sensitivity of the overall pension plan liability to changes in the weighted
principal assumptions is:
Increase
25bps
Decrease
25bps
Discount rate for Obligations (3,342) 4,139
Salary rate 1,201 (1,151)
The expense for defined contribution plans amounted to KEUR 31,100 and KEUR
32,708 for the periods ended December 31, 2011, and 2010, respectively.
d) Late Payments in trade payables Directive
Pursuant to the Spanish legislation in force, the disclosures related to the Directive
on late payments in trade payables at December 31, 2011 are reported on the
Company’s standalone annual accounts and other Spanish subsidiaries standalone
annual accounts.