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)
Share Units awarded), is presented in the statement of comprehensive
income under the “Personnel and related expenses” caption by an amount
of KEUR 91 and KEUR 19, respectively.
iii) The Value Sharing Plan (VSP), is a non-recurring plan targeted at all
employees of the Amadeus Group who as of June 30, 2010 were not
eligible under the Performance Shares Plan (PSP). The plan consists in a
bonus as percentage of salary, linked to the evolution of the Amadeus
share price. The VSP is a bonus with the final payout linked to the
performance of the Amadeus share at the end of the two year vesting
period, from April 29, 2010 to April 29, 2012, and with a payment on
account effective on May 2011. This plan has the accounting consideration
of a cash-settled share-based payment. The total expense recognized for
the years ended as of December 31, 2011, and 2010 amounts to KEUR
18,981 and KEUR 15,796 respectively (including social costs) charged to
the consolidated statement of comprehensive income under the “Personnel
and related expenses” caption.
As a result of the admission to listing of the Company’s shares, effective on April 29,
2010, after the successful Initial Public Offering (IPO) process, the Group settled all
the share-based payments that were conditional on this event. These share-based
payment schemes were considered as cash-settled, and there were 7,172 eligible
employees participating in the remuneration schemes. The Group’s consolidated
statement of comprehensive income for the year ended on December 31, 2010,
presented the corresponding non-recurring staff costs (including social costs) in the
“Personnel and related expenses” caption amounting to KEUR 296,274.
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