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) The breakdown of the “Other liabilities” caption as of December 31, 2011, and 2010 is as follows: 53 31/12/2011 31/12/2010 Deferred purchase consideration - 2,339 Other non-current liabilities 13,292 7,710 Deferred revenue non-current 102,135 42,804 Total other non-current liabilities 115,427 52,853 Taxes payable – non income tax (note 22) 25,456 24,175 Deferred revenue current 9,629 5,643 Other public institutions payable 37,691 34,726 Other 810 934 Total other current liabilities 73,586 65,478 Total other liabilities 189,013 118,331 The “Deferred purchase consideration” caption is the long-term portion of the deferred consideration liability related to certain corporate acquisitions carried out by the Group in prior years. The “Deferred revenue” caption reflects the deferred revenue for the cash received from customers to develop software which is controlled by the Group but that will be used by that customer, mainly due to the application of IFRIC 18. The Group recognises the revenue when the service is performed over the term of the agreement with the customer or during the useful life of the asset, if the agreement does not state a period. The increase in both current and non-current “Deferred revenue” caption mainly reflects the increase of the Altéa implementation projects in 2011 period under the IT solutions business segment. The main additions during 2011, by KEUR 77,061, are related to the implementation of Altéa Reservation, Altéa Inventory, Altéa Departure Control and e-commerce modules, partially offset by the projects became operating during the year 2011 by an amount of KEUR 13,071. The “Taxes payable - non income tax” caption includes VAT payable and other taxes payable (see note 22). “Other public institutions payable” caption includes mainly social costs payable.
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) 13. BUSINESS COMBINATIONS The main impacts of these transactions on the statement of financial position at December 31, 2011, and 2010, are as follow: 54 31/12/2011 31/12/2010 Purchase consideration of current transactions - 5,877 Equity in net assets acquired - (2,603) Excess purchase price from currents transactions - 3,274 Deferred consideration from prior periods (13) 174 Excess purchase price (13) 3,448 Allocation of fair value of net assets acquired (note 7) - (1,572) Total (13) 1,876 The reconciliation between the cash paid for current acquisitions and the net cash invested in subsidiaries at December 31, 2011, and 2010 is as follows: 31/12/2011 31/12/2010 Cash paid for current transactions - 5,877 Cash paid on deferred purchase consideration from prior period 4,040 3,834 Cash acquired as a result of current acquisition - (906) Net cash invested in subsidiaries and associates (*) 4,040 8,805 (*) On November 23, 2011, the Group, indirectly through its subsidiary Traveltainment A.G., has paid KEUR 112 regarding the newly created Joint Ventures named Travelaudience GmbH. In the consolidated statement of cash flows this payment is included in the Investment in subsidiaries, associates and joint ventures, net of cash acquired. a) Business combinations In the financial year ended December 31, 2011, the Group has not carried out any equity investment. In the financial year ended December 31, 2010, the Group acquired, indirectly through its subsidiary Amadeus IT Group S.A. and Traveltainment A.G., 100% equity interest in Perez Informatique, S.A. and subsidiaries, and Pixell Online Marketing GmbH, respectively. The purchase consideration paid for the main acquisition of the period (Perez Informatique, S.A. and subsidiaries) and the excess purchase price resulting are set forth in the table below:
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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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