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)
e) Unrealized gains reserve
The consolidated changes in the components of “Other comprehensive income” (or
“Unrealized gains reserve” on our statement of financial position) for the years ended
at December 31, 2011, and 2010, are set out in the table below:
Exchange
rates
hedges
Cash-flow hedges
Interest
rate swaps
Equity
forward
70
Availablefor-sale
financial
instruments
Actuarial
gains
and
losses
Exchange
differences
on
translation
of foreign
operations
Balance at
December 31,
2009 105,955 (46,796) - 7,335 (4,525) (20,793) 41,176
Changes in fair
value (32,713) 44,356 1,774 (1,790) (2,271) 8,278 17,634
Tax effect of
changes in fair
value 9,771 (13,310) (532) 451 617 - (3,003)
Transfers to
income and
expense (8,796) (851) 1,842 (8,693) 256 - (16,242)
Tax effect of
transfers 2,639 255 (553) 2,692 (78) - 4,955
Balance at
December 31,
2010 76,856 (16,346) 2,531 (5) (6,001) (12,515) 44,520
Changes in fair
value (17,333) 6,367 (553) (1) (5,581)
Total
(696) (17,797)
Tax effect of
changes in fair
value 5,180 (1,862) 166 - 2,395 - 5,879
Transfers to
income and
expense (10,068) 2,640 (3,355) - - - (10,783)
Tax effect of
transfers 3,020 (792) 1,006 - - - 3,234
Balance at
December 31,
2011 57,655 (9,993) (205) (6) (9,187) (13,211) 25,053
The “Cash-flow hedges” component of our “Unrealized gains reserve” is, as detailed
in note 21, a reserve used to recognize the changes in fair value, net of taxes, of
certain effective hedge instruments held by the Group in order to cover foreign
exchange, interest rate and own shares valuation risks.