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Annual Statements

Financial reporting

Price winner 2012 in the category non-listed

Home Annual Statements Financial Statements 2012 Notes to the consolidated financial statements Notes to the consolidated income statement Revenue

1. Revenue

2012

Aviation

Consumer Products & Services

Real Estate

Alliances & Partipications

(in thousands of euros)

Aviation

Security

Concessions

Parking

Other

International airports

Domestic Airports

Other participations

Total

Airport charges

478,633

265,723

-

-

-

-

-

43,242

-

787,598

Concessions

12,263

-

143,030

3,329

2,182

1,295

-

3,737

-

165,836

Rent and leases

98

-

16,844

377

-

151,393

-

2,561

-

171,271

Parking fees

-

-

-

81,313

-

3,636

-

12,137

-

97,085

Retail sales

-

-

-

-

86,649

-

-

-

-

86,649

Other activities

15,476

1,278

639

3,978

28,127

13,500

11,267

4,766

80,728

159,758

Total revenue

506,469

267,001

160,513

88,996

116,958

169,823

11,267

66,443

80,728

1,468,198

Elimination of internal revenue

- 516

- 318

- 31,475

- 1,155

- 90

- 24,356

- 472

- 134

- 57,142

- 115,658

Revenue

505,952

266,683

129,038

87,841

116,868

145,467

10,795

66,310

23,586

1,352,540

2011

Aviation

Consumer Products & Services

Real Estate

Alliances & Participations

(in thousands of euros)

Aviation

Security

Concessions

Parking

Other

International airports

Domestic Airports

Other participations

Total

Airport charges

458,933

246,514

-

-

-

-

-

39,123

-

744,569

Concessions

12,207

-

130,585

3,429

2,064

1,401

-

3,649

-

153,334

Rent and leases

28

-

15,649

381

-

156,488

-

2,816

-

175,363

Parking fees

-

-

-

77,633

-

2,943

-

11,905

-

92,481

Retail sales

-

-

-

-

78,190

-

-

-

-

78,190

Other activities

15,713

992

785

4,353

26,549

10,730

12,511

4,587

76,797

153,016

Total revenue1

486,881

247,507

147,020

85,795

106,803

171,562

12,511

62,079

76,7971

1,396,954

Elimination of internal revenue1

- 368

- 87

- 28,599

- 898

75

- 35,427

- 574

- 156

- 52,6211

- 118,654

Revenue

486,513

247,420

118,421

84,897

106,878

136,135

11,937

61,923

24,175

1,278,300

  • Comparative figures of the business area Alliances & Participations (segment Other participations) have been changed with regard to Total revenue and Elimination of internal revenue. (Net) revenue has not been restated.
Airport charges

The activities of the Aviation business area (the operation of Amsterdam Airport Schiphol) are regulated, meaning that the annual process of setting the airport charge rates is overseen by the Netherlands Competition Authority and involves consultations with the airlines. When setting the airport charges, the Aviation business area’s profitability is also capped at an average weighted cost of capital for regulated assets; both must be determined in compliance with the Aviation Act. Under the Aviation Act, Schiphol Group must settle surpluses and deficits from specified income and expenses with the industry. In principle, settlement takes place after the close of a financial year and the preparation of financial statements of the Aviation and Security segments using the new airport charge rates. In accordance with the accounting policies, surpluses and deficits eligible for settlement in the airport charge rates are not presented as assets and liabilities in the balance sheet. This procedure does not apply to the airport charges at Rotterdam The Hague, Eindhoven and Lelystad airports, which are recognised in the Domestic Airports segment.

There was a surplus for the financial year 2011 (EUR 5.6 million for the Aviation segment and EUR 9.5 million for the Security segment) which will be factored into the charges in force from 1 April 2013.

Income from airport charges was as follows:

(in thousands of euros)

2012

2011

Aircraft-related fees

194,732

193,051

Passenger-related fees

296,952

283,004

Security service charges

287,872

275,661

Aircraft parking fees

8,042

7,953

Refund of airport charges

-

- 15,100

787,598

744,569

Concessions

Schiphol Group’s Concessions segment, which is part of the Consumer Products & Services business area has 100 concession contracts (2011: 107) for a range of commercial activities at Amsterdam Airport Schiphol.

A concession grants the holder non-exclusive rights to operate and manage a commercial activity (outlet) in a specific location designated by Schiphol Group. The concession fees are calculated on a percentage scale of the sales generated by the concession holder. A separate contract is entered into with concession holders for the space, for which a fixed rent is payable. The concessions run for an average of three to five years. At the reporting date, about 62% of the concessions had a remaining term of less than three years (2011 about 66%), 28% had between three and five years to run (2011: 23%) and 10% had more than five years to run (2011: 11%).

Revenue of EUR 12.3 million from concessions granted by the Aviation segment (EUR 12.2 million in 2011) and EUR 3.3 million by the Parking segment (EUR 3.4 million in 2011) related to concession contracts for the third-party supply of aviation fuel and the use of drop-off roads by taxi and car rental services respectively.

Rents and leases

(in thousands of euros)

2012

2011

Investment property: buildings, including service charges

75,478

71,083

Investment property: land

25,086

25,663

Operating property, including service costs

48,985

47,069

Elimination of internal revenue

21,722

31,548

171,271

175,363

Occupancy in the Real Estate segment was 91.8% at 31 December 2012 (88.5% at 31 December 2011).

Approximately 5% of the leases (measured by income from rents and leases) expire within one year (7% in 2011), 50% between one and five years (47% in 2011) and 45% after more than five years (46% in 2011).

Property management expenses were as follows:

(in thousands of euros)

2012

2011

Occupied buildings

34,852

36,214

Unoccupied buildings

4,701

7,327

39,553

43,541

Management expenses for buildings that are only partially leased have been apportioned on the basis of floor area.

Parking charges

Parking charges were as follows:

(in thousands of euros)

2012

2011

Parking at Amsterdam Airport Schiphol:

Short-stay car park

39,298

37,738

Long-stay car park

23,997

22,939

Other public car parking

3,053

4,509

Business parking

17,191

14,626

83,539

79,812

Parking at other locations

12,137

11,905

Elimination of internal revenue

1,409

764

97,085

92,481

Parking at other locations relates to Rotterdam The Hague, Eindhoven and Lelystad airports and the income is reported in the Domestic Airports segment.

Retail sales

Retail sales of EUR 86.6 million in 2012 (EUR 78.2 million in 2011) represented revenue from alcohol, tobacco and chocolate. The related cost of sales of EUR 43.7 million (EUR 39.4 million in 2011) is recognised under operating expenses in ‘Cost of contracted work and other external costs’.

Other activities

(in thousands of euros)

2012

2011

Advertising

19,513

18,608

Services and activities on behalf of third parties

19,611

18,459

Electricity, gas and water

6,885

6,788

Other operating income

28,963

28,594

Miscellaneous

19,311

19,415

Elimination of internal revenue

65,475

61,152

159,758

153,016