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FINANCIAL STATEMENTS
2009 2008
Interest rates fluctuation +1%
Grant of rights fee payable +1% -1% (124.215) -1%
Provision for major restoration expenses (156.449) 72.449
Total impact on interest expenses (70.506) 22.730 (280.664) 179.138
251.587
(210.504) 243.582
(281.010) 266.312
The impact from possible future interest rates on the Company’s financial performance from the settlement of the financial
assets is presented in note 4.4 “Net financial expenses”.
c) Price Risk
The Company’s exposure to equity securities price risk is limited to the investment in an unlisted entity which represents
less than 1% of total asset. The Company is not exposed to commodity price risk.
d) Credit Risk
The Company has established a credit policy and implements credit control procedures aiming in minimizing collection
losses by obtaining, where appropriate, securities extended by its customers. Credit control assesses the credit quality
of the customers, taking into account their financial and credit standing position, past experience and other factors.
Additional real or other securities are asked for where it is necessary.
Trade and other receivables are analysed as follows in terms of credit risk:
Trade and other receivables analysis 2009 2008
Fully performed 27.441.521 22.653.846
Past due but not impaired
Tested for impairment 7.621.985 4.231.278
Total trade and other receivables analysis 107.728.975 153.587.981
142.792.482 180.473.105
The aging analysis of the past, but not impaired amount is presented in the following table:
Aging analysis of past due 2009 2008
but not impaired receivables 6.305.408 895.384
973.682
1-30 days 775.499 2.362.212
541.078 4.231.278
31-60 days 7.621.985
Over 60 days
Total of past due but not impaired receivables
• Credit Quality of Financial Assets
The Company has established a credit policy which requires the customers to extend securities for the use of airport’s services
and facilities. The securities held by the Company are in the form of cash
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 35 OF 69
2009 2008
Interest rates fluctuation +1%
Grant of rights fee payable +1% -1% (124.215) -1%
Provision for major restoration expenses (156.449) 72.449
Total impact on interest expenses (70.506) 22.730 (280.664) 179.138
251.587
(210.504) 243.582
(281.010) 266.312
The impact from possible future interest rates on the Company’s financial performance from the settlement of the financial
assets is presented in note 4.4 “Net financial expenses”.
c) Price Risk
The Company’s exposure to equity securities price risk is limited to the investment in an unlisted entity which represents
less than 1% of total asset. The Company is not exposed to commodity price risk.
d) Credit Risk
The Company has established a credit policy and implements credit control procedures aiming in minimizing collection
losses by obtaining, where appropriate, securities extended by its customers. Credit control assesses the credit quality
of the customers, taking into account their financial and credit standing position, past experience and other factors.
Additional real or other securities are asked for where it is necessary.
Trade and other receivables are analysed as follows in terms of credit risk:
Trade and other receivables analysis 2009 2008
Fully performed 27.441.521 22.653.846
Past due but not impaired
Tested for impairment 7.621.985 4.231.278
Total trade and other receivables analysis 107.728.975 153.587.981
142.792.482 180.473.105
The aging analysis of the past, but not impaired amount is presented in the following table:
Aging analysis of past due 2009 2008
but not impaired receivables 6.305.408 895.384
973.682
1-30 days 775.499 2.362.212
541.078 4.231.278
31-60 days 7.621.985
Over 60 days
Total of past due but not impaired receivables
• Credit Quality of Financial Assets
The Company has established a credit policy which requires the customers to extend securities for the use of airport’s services
and facilities. The securities held by the Company are in the form of cash
Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated) PAGE 35 OF 69
