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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 Segment information

Segment information

Schiphol Group has identified fourteen operating segments, which have been combined into nine segments for reporting purposes.

The Aviation business area operates at Amsterdam Airport Schiphol and provides services and facilities to airlines, passengers and handling agents. The Aviation business area has been subdivided into two segments: Aviation and Security. Aviation generates most of its revenue from airport charges (charges related to aircraft and passengers) and concession fees (paid by oil companies for the right to provide aircraft refuelling services). The source of revenue for Security consists of airport charges (security-related charges). The Netherlands Competition Authority supervises the charges levied and returns generated.

The activities of the Consumer Products & Services business area consist of granting and managing concessions for shops and food service outlets (Concessions segment, generating revenue from concessions and leasing retail locations), operating car parks (Parking segment, generating revenue from parking charges) and shops, marketing advertising opportunities at Amsterdam Airport Schiphol and operating management contracts at airports outside the Netherlands (Other segment, generating revenue from retail sales, leasing advertising space and management fees respectively).

The Real Estate business area, which is also a segment, develops, manages, operates and invests in property at and around domestic and foreign airports. The greater part of the portfolio, comprising both operations buildings and commercial properties, is located at and around Amsterdam Airport Schiphol. Sources of revenue include income from developing and letting land and buildings. The business area also makes a major contribution to Schiphol Group results with other income from property (sales, fair value gains or losses on property and granting long leases).

The Alliances & Participations business area comprises the Domestic Airports, Foreign Airports and Other Subsidiaries segments. Airport charges and parking charges are the main sources of revenue of the regional airports (Rotterdam The Hague, Eindhoven and Lelystad). Foreign Airports, which holds interests in Aéroports de Paris S.A., Brisbane Airport Corporation Ltd and JFK IAT Member LLC, contributes to Schiphol Group’s results with performance fees and dividends as recognised in the share in results of associates, interest and intellectual property fees. Other Subsidiaries include Schiphol Telematics and Utilities. Schiphol Telematics provides telecom services in and around the airport. Utilities generates revenue from the transmission of electricity and gas and the supply of water.

Information relating to alliances specifically associated with a particular business area is presented under the segments of that business area. Information relating to other alliances is presented under the segments of the Alliances & Participations business area. Group overheads are allocated to the segments largely on the basis of their relative share in the direct costs of Schiphol Group.

The Management Board and Corporate Treasury review liabilities and financial income and expenditure at group level rather than segment level. Transactions between the segments are conducted at arm’s length.

Since Schiphol Group’s current activities are concentrated almost entirely in the Netherlands (approximately 99% of consolidated revenue in 2012), there is no geographical segmentation. Around 33% of revenue relates to one external customer and is generated primarily in the Aviation and Security segments.

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

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

Fair value gains and losses on investment property

-

-

-

-

-

- 23,250

-

- 770

-

- 24,021

Depreciation and amortisation

- 132,471

- 30,350

- 11,725

- 9,913

- 3,916

- 15,081

- 14

- 4,456

- 6,971

- 214,897

Impairment

-

-

-

-

-

- 22,741

-

-

-

- 22,741

Operating result

57,619

5,804

120,929

49,998

7,454

22,874

7,548

13,228

11,040

296,494

Share in results of associates1

557

-

-

-

-

260

55,092

-

38

55,947

Total assets

2,269,290

254,800

132,481

173,158

18,567

1,787,319

941,549

119,990

91,305

5,788,459

Total non-current assets (excl. income tax)

1,898,025

213,113

110,807

144,829

15,530

1,494,906

787,508

100,359

76,367

4,841,444

Investments in associates and other financial interests

3,174

-

-

-

-

33,457

703,497

-

26,359

766,486

2011

Aviation

Consumer Products & Services

Real Estate

Alliances & Partipications

(in thousands of euros)

Aviation

Security

Concessions

Parking

Other

International airports

Domestic Airports

Other
participations

Total

Total revenue2

486,881

247,507

147,020

85,795

106,803

171,562

12,511

62,079

76,7972

1,396,954

Elimination of internal revenue2

- 368

- 87

- 28,599

- 898

75

- 35,427

- 574

- 156

- 52,6212

- 118,654

Revenue

486,513

247,420

118,421

84,897

106,878

136,135

11,937

61,923

24,175

1,278,300

Fair value gains and losses on investment property

-

-

-

-

-

- 1,692

-

1,028

-

- 664

Depreciation and amortisation

- 124,853

- 27,902

- 13,237

- 8,152

- 4,327

- 16,339

- 12

- 4,329

- 6,984

- 206,134

Impairment

-

-

-

-

-

- 1,473

-

-

-

- 1,473

Operating result

48,370

663

105,148

37,465

5,418

72,212

9,089

14,212

11,611

304,188

Share in results of associates1

642

-

-

-

-

1,348

41,522

-

534

44,047

Total assets

2,227,651

257,848

138,168

136,549

19,886

1,850,955

937,876

93,079

73,278

5,735,290

Total non-current assets (excl. income tax)

1,891,161

218,899

117,297

115,923

16,882

1,571,365

786,192

79,019

62,210

4,858,949

Investments in associates and other financial interests

2,995

-

-

-

-

33,626

679,456

-

15,113

731,190

  • The share in results of associates includes the share in results of associates presented as such in the profit and loss account and the share of interest income and dividends presented as part of financial income and expenses that is attributable to investments in associates, lease receivables and other financial interests.
  • 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.