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Financial Statements
• Concerning Airport’s Offices & Auxiliary Space Leases, a drop in the overall occupancy rate of 2.7%, was recorded as
a result of the tenants’ efforts to consolidate and/or vacate towards minimizing their operating costs.
• In the area of Assets & Utilities Management, AIA has qualified as an Electricity Grid Manager, with the Public Power
Corporation SA (PPC) being the only other such licensed entity operating in Greece, with the right to exercise grid
utilisation tolls.
Forming a milestone investment improving non-aeronautical revenue performance, while reducing the airport’s
ecological footprint, the new Photovoltaic (PV) Park of 8MWp commenced operations in mid-July, producing more than
6,300MWh. The PV Park will produce and sell to the national transmission system operator, more than 12,000MWh of
energy annually, which corresponds to about 9% of the Airport’s total annual demand, being at the time of start of
operations the second largest in Greece and the largest in an airport worldwide.
Information Technology & Telecommunications
IT&T maintains as a strategic priority to provide operational excellence and efficiency. Within this context, a number
of projects were executed in 2011 for AIA’s systems improvement. Among them, the first in Greece Oracle e-Business
Suite upgrading, providing enhanced functionality and new features to users, the data network consolidation with
regards to the Building Automation System network project, and a new “ATH Airport” widget providing flight and
airport information for all smartphone devices. In addition, AIA’s Internet bandwidth increased and new reduced prices
were offered for the related services, while the Common Use Terminal Equipment back-office service is now offered at
discounted prices. A new innovative service for third parties now provides an integrated e-invoicing solution, optimizing
costs and promoting environmentally friendly solutions. Among other initiatives, the passenger check in self-service
concept was expanded with ten new Common Use Self Service kiosks, and the Wi-Fi Wireless Coverage of apron and
landside areas was completed successfully, including the Airport Commercial Park area.
Other Corporate Projects & Developments
With regards to major development projects, our Company progressed throughout 2011 as follows:
• AIA continued to develop its external business activities, by exporting airport development and operations and IT
know-how to the aviation market. A number of assignments were secured with customers in Greece and abroad,
while we continued to support our existing clientele with services from our business service portfolio.
• Following the Greek State’s invitation to explore the option of extending the period of the concession agreement
with AIA, in accordance with the stipulations of Article 4 of the ADA, and to explore the best options for the Greek
State’s shareholding in the Company, we entered into the relevant discussions with the support of our financial and
legal advisors. Although significant progress was made, the relevant discussions have not yielded a result yet, and we
expect these to continue in 2012.
• A change in shareholding took place during the year under review: pursuant to a joint ministerial decision, the Greek
State transferred 9.000.000 shares, i.e. 30% of the Airport Company’s share capital, to the Hellenic Republic Asset
Development Fund, which is a société anonyme of special purpose with the Greek State as sole shareholder.
On November 1st, 2011, Dr. Yiannis Paraschis, Chief Executive Officer of Athens International Airport was unanimously
elected as the Chairman of the ACI World for a two-year term, during the ACI World Annual General Assembly, having
already served as Vice Chairman of ACI World since 2009 and as Chairman of ACI Europe for two successive terms
(2007 – 2009).
3. Corporate Responsibility
ΑΙΑ follows a balanced, stakeholder-focused approach for action plans and sustainability objectives. We adopt
fundamental CR principles, in line with international standards. We continuously redefine and prioritize the material
issues, i.e. those of significant impact on the company and its stakeholders. We disclose our performance through the
annual CR Report, which is subject to external assurance. The policies and procedures that relate to AIA’s sustainability
are continuously updated in line with emerging changes in requirements and global best practice. In 2011, AIA revised
Financial Statements as at 31 December 2011 (Amounts in Euros unless otherwise stated) Page 7 of 50
• Concerning Airport’s Offices & Auxiliary Space Leases, a drop in the overall occupancy rate of 2.7%, was recorded as
a result of the tenants’ efforts to consolidate and/or vacate towards minimizing their operating costs.
• In the area of Assets & Utilities Management, AIA has qualified as an Electricity Grid Manager, with the Public Power
Corporation SA (PPC) being the only other such licensed entity operating in Greece, with the right to exercise grid
utilisation tolls.
Forming a milestone investment improving non-aeronautical revenue performance, while reducing the airport’s
ecological footprint, the new Photovoltaic (PV) Park of 8MWp commenced operations in mid-July, producing more than
6,300MWh. The PV Park will produce and sell to the national transmission system operator, more than 12,000MWh of
energy annually, which corresponds to about 9% of the Airport’s total annual demand, being at the time of start of
operations the second largest in Greece and the largest in an airport worldwide.
Information Technology & Telecommunications
IT&T maintains as a strategic priority to provide operational excellence and efficiency. Within this context, a number
of projects were executed in 2011 for AIA’s systems improvement. Among them, the first in Greece Oracle e-Business
Suite upgrading, providing enhanced functionality and new features to users, the data network consolidation with
regards to the Building Automation System network project, and a new “ATH Airport” widget providing flight and
airport information for all smartphone devices. In addition, AIA’s Internet bandwidth increased and new reduced prices
were offered for the related services, while the Common Use Terminal Equipment back-office service is now offered at
discounted prices. A new innovative service for third parties now provides an integrated e-invoicing solution, optimizing
costs and promoting environmentally friendly solutions. Among other initiatives, the passenger check in self-service
concept was expanded with ten new Common Use Self Service kiosks, and the Wi-Fi Wireless Coverage of apron and
landside areas was completed successfully, including the Airport Commercial Park area.
Other Corporate Projects & Developments
With regards to major development projects, our Company progressed throughout 2011 as follows:
• AIA continued to develop its external business activities, by exporting airport development and operations and IT
know-how to the aviation market. A number of assignments were secured with customers in Greece and abroad,
while we continued to support our existing clientele with services from our business service portfolio.
• Following the Greek State’s invitation to explore the option of extending the period of the concession agreement
with AIA, in accordance with the stipulations of Article 4 of the ADA, and to explore the best options for the Greek
State’s shareholding in the Company, we entered into the relevant discussions with the support of our financial and
legal advisors. Although significant progress was made, the relevant discussions have not yielded a result yet, and we
expect these to continue in 2012.
• A change in shareholding took place during the year under review: pursuant to a joint ministerial decision, the Greek
State transferred 9.000.000 shares, i.e. 30% of the Airport Company’s share capital, to the Hellenic Republic Asset
Development Fund, which is a société anonyme of special purpose with the Greek State as sole shareholder.
On November 1st, 2011, Dr. Yiannis Paraschis, Chief Executive Officer of Athens International Airport was unanimously
elected as the Chairman of the ACI World for a two-year term, during the ACI World Annual General Assembly, having
already served as Vice Chairman of ACI World since 2009 and as Chairman of ACI Europe for two successive terms
(2007 – 2009).
3. Corporate Responsibility
ΑΙΑ follows a balanced, stakeholder-focused approach for action plans and sustainability objectives. We adopt
fundamental CR principles, in line with international standards. We continuously redefine and prioritize the material
issues, i.e. those of significant impact on the company and its stakeholders. We disclose our performance through the
annual CR Report, which is subject to external assurance. The policies and procedures that relate to AIA’s sustainability
are continuously updated in line with emerging changes in requirements and global best practice. In 2011, AIA revised
Financial Statements as at 31 December 2011 (Amounts in Euros unless otherwise stated) Page 7 of 50
