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FINANCIAL STATEMENTS
• In recognition of AIA’s outstanding performance, the company was awarded by SITA the 2nd prize of the Sales Excellence
Awards, amongst 12 Value Added Resellers from around the world.
Other Corporate Projects & Developments
With regards to major development projects, our company progressed throughout 2009 as follows:
• During 2009, the outline design of the Satellite Utilisation Project (SUP) was completed. The project primarily addresses
the issue of the underutilisation of the Satellite Terminal Building (STB) and the consequential strain applied on the
Main Terminal Building. Within this context, the concept foresees the efficient utilization of the STB as a dedicated
Extra Schengen terminal, with improved passenger access by means of a pedestrian bridge and the enhancement of
the commercial space.
• Facing increasing demand for car parking users over the last years, and within our plans to accommodate future needs,
we initiated the detailed design of a multi-storey car parking facility to be constructed at the existing area of P1 short
term parking area. The new facility will have a total surface of approximately 100,000m2 and will accommodate 3,700
parking spaces. The design describes a modern parking facility targeting high quality services to the users using the
latest technologies, while the project produces attractive financial returns.
• As part of our activities of environmental concern we are planning to invest in a Photovoltaic Park (PV-Park) of 8.05MWp
within the airport’s premises, which combines green energy with financial value added for our company. During
2009, we have succeeded in obtaining the official Electricity Production License, in addition to the already acquired
Grid Manager and Provider License. In this context, the International Call for Expression of Interest, for the PV-Park has
been successfully concluded, paving the way for construction in 2010, upon final verification of the project feasibility.
The PV-Park shall cover more than 30% of the airport’s power needs and shall contribute to the aversion of more than
10.000T of CO2, equivalent to the absorption capacity of more than 1.5 million trees or to the needs of 3,000
homes.
• In the context of our financial strategy focusing on increased flexibility, reduction of financial expenses and optimization
of liquidity, AIA and EIB concluded the Debt Restructuring, which involves the release of the Greek State Guarantee on
the outstanding EIB Loan by 50%, with effective date the 31st July 2009, having obtained the consent and the signature
of the relevant documents by the Greek State.
• As of July 15th, 2009, the company’s new organizational structure, designed to address the new challenges and aiming
to strengthen the Business Unit (BU) organization, became effective.
• On 6/5/2009, AIA purchased 335,495 shares of Athens Airport Fuel Pipeline Company S.A. (AAFPC) from Olympic
Airways Services, corresponding to a 17% shareholding. Following this development, AIA currently holds a total of
34% of AAFPC’s shares.
• Capitalising on the fact that airports are more than infrastructure providers, with a wider positive impact on the
economy and society, AIA assigned a study to the Athens University of Economics and Business (AUEB) in order to assess,
measure and demonstrate the impact of our airport. The study, which was conducted and presented to various audiences
throughout 2009 measured this impact in terms of jobs generated and economic added value on a local (Mesogheia),
regional (Attica) and national level. This dimension which was analyzed for the first time showed that Athens International
Airport contributes substantially to the national economy with an annual total added value of €4.9 billion, corresponding
to 2.14% of Greece’s GDP. At the same time, the Airport is a powerful employment engine, having created more than
63,000 jobs in Greece, inside and outside its fence. The Airport’s annual contribution amounts
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 8 OF 69
• In recognition of AIA’s outstanding performance, the company was awarded by SITA the 2nd prize of the Sales Excellence
Awards, amongst 12 Value Added Resellers from around the world.
Other Corporate Projects & Developments
With regards to major development projects, our company progressed throughout 2009 as follows:
• During 2009, the outline design of the Satellite Utilisation Project (SUP) was completed. The project primarily addresses
the issue of the underutilisation of the Satellite Terminal Building (STB) and the consequential strain applied on the
Main Terminal Building. Within this context, the concept foresees the efficient utilization of the STB as a dedicated
Extra Schengen terminal, with improved passenger access by means of a pedestrian bridge and the enhancement of
the commercial space.
• Facing increasing demand for car parking users over the last years, and within our plans to accommodate future needs,
we initiated the detailed design of a multi-storey car parking facility to be constructed at the existing area of P1 short
term parking area. The new facility will have a total surface of approximately 100,000m2 and will accommodate 3,700
parking spaces. The design describes a modern parking facility targeting high quality services to the users using the
latest technologies, while the project produces attractive financial returns.
• As part of our activities of environmental concern we are planning to invest in a Photovoltaic Park (PV-Park) of 8.05MWp
within the airport’s premises, which combines green energy with financial value added for our company. During
2009, we have succeeded in obtaining the official Electricity Production License, in addition to the already acquired
Grid Manager and Provider License. In this context, the International Call for Expression of Interest, for the PV-Park has
been successfully concluded, paving the way for construction in 2010, upon final verification of the project feasibility.
The PV-Park shall cover more than 30% of the airport’s power needs and shall contribute to the aversion of more than
10.000T of CO2, equivalent to the absorption capacity of more than 1.5 million trees or to the needs of 3,000
homes.
• In the context of our financial strategy focusing on increased flexibility, reduction of financial expenses and optimization
of liquidity, AIA and EIB concluded the Debt Restructuring, which involves the release of the Greek State Guarantee on
the outstanding EIB Loan by 50%, with effective date the 31st July 2009, having obtained the consent and the signature
of the relevant documents by the Greek State.
• As of July 15th, 2009, the company’s new organizational structure, designed to address the new challenges and aiming
to strengthen the Business Unit (BU) organization, became effective.
• On 6/5/2009, AIA purchased 335,495 shares of Athens Airport Fuel Pipeline Company S.A. (AAFPC) from Olympic
Airways Services, corresponding to a 17% shareholding. Following this development, AIA currently holds a total of
34% of AAFPC’s shares.
• Capitalising on the fact that airports are more than infrastructure providers, with a wider positive impact on the
economy and society, AIA assigned a study to the Athens University of Economics and Business (AUEB) in order to assess,
measure and demonstrate the impact of our airport. The study, which was conducted and presented to various audiences
throughout 2009 measured this impact in terms of jobs generated and economic added value on a local (Mesogheia),
regional (Attica) and national level. This dimension which was analyzed for the first time showed that Athens International
Airport contributes substantially to the national economy with an annual total added value of €4.9 billion, corresponding
to 2.14% of Greece’s GDP. At the same time, the Airport is a powerful employment engine, having created more than
63,000 jobs in Greece, inside and outside its fence. The Airport’s annual contribution amounts
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 8 OF 69
