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)
would have been contributed to the Group’s net income if this company would have
been consolidated for the full year was KEUR 248.
b) Other equity investments
In the financial year ended December 31, 2011, indirectly through its subsidiary
Amadeus IT Group, S.A., the Group carried out the following equity investments:
i) Newly created companies:
� 100% interest in Amadeus Integrated Solutions (Pty) Ltd
� 100% interest in Amadeus Korea Ltd
� 47.248% interest in Travelaudience GmbH (Joint Venture)
ii) Capital Increases
� Content Hellas Electronic Tourism Services S.A.
In the financial year ended December 31, 2010, indirectly through its subsidiary
Amadeus IT Group, S.A., the Group carried out the following equity investments:
i) Capital Increases:
� Content Hellas Electronic Tourism Services S.A.
� Amadeus México, S.A. de C.V.
� Amadeus Central and West Africa S.A. (loan capitalisation)
14. DIVESTITURES, DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE
a) Divestitures
On February 9, 2011, the Group, indirectly through its subsidiary Amadeus IT Group
S.A., and subject to the approval of competition authorities, reached an agreement
for the sale of the 100% of its equity stake in Opodo Limited.
On May 30, 2011, the European Commission notified not to oppose the acquisition
and to declare it compatible with the internal market and with the European
Economic Area Agreement.
The Opodo sale was effective on June 30, 2011, for a total amount of KEUR
566,529. As of December 31, 2010, Opodo was presented as a group of assets held
for sale and discontinued operation as described on section b) and c) of this note.
The gain on disposal detailed below could change as a result of certain adjustments
coming from the resolution of the purchase price adjustments and other issues.
The carrying amount of assets and liabilities derecognised at the sale date were as
follows:
56