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Financial Statements
5.9 Intangible assets
Intangible assets
Acquisition cost Concession Cohesion Software & Total
assets fund other
1,690,294,083
Balance as at 2,058,406,262 (380,686,471) 12,574,292
1 January 2010 652,933
428,925 0 224,008 (256,189)
Acquisitions (256,189) 0 0 5,607,332
Disposals 4,747,731 0
Transfers 0 859,601 0
Reclassifications 0 0
(380,686,471) 1,696,298,159
Balance as at 2,063,326,729 13,657,901
31 December 2010 (380,686,471) 1,696,298,159
2,063,326,729 13,657,901
Balance as at 0 308,417
1 January 2011 196,547 0 111,870 0
0 0 0
Acquisitions 0 2,705,233
Disposals 2,022,946 682,287 0
Transfers 0 (380,686,471) 0
Reclassifications 1,699,311,809
2,065,546,222 14,452,058
Balance as at
31 December 2011
Depreciation of intangible assets
Depreciation Concession Cohesion Software & Total
assets fund other
580,409,203
Balance as at 701,148,742 (131,919,501) 11,179,962
1 January 2010 68,273,101
(15,076,768) 947,027 0
Depreciation charge for the year 82,402,842 0 0
Impairment losses 0 0 0 (113,562)
Disposals 0 0 0
Transfers (113,562) 0 0 0
Reclassifications 0
0 (146,996,269) 12,126,989 648,568,742
Balance as at 783,438,022 (146,996,269) 12,126,989 648,568,742
31 December 2010
(15,076,768) 864,319 68,472,484
Balance as at 783,438,022 0 0 0
1 January 2011 0 0 0
0 0 0
Depreciation charge for the year 82,684,933 0 0 0
Impairment losses 0
Disposals 0 (162,073,037) 12,991,308 717,041,226
Transfers 0
Reclassifications 0
Balance as at 866,122,955
31 December 2011
Carrying amounts of intangible assets
Carrying Amount Concession Cohesion Software & Total
assets fund other
As at 1 January 2010 1,357,257,520 (248,766,970) 1,394,330 1,109,884,880
As at 31 December 2010 1,279,888,707 (239,690,202) 1,530,912 1,047,729,417
As at 1 January 2011 1,279,888,707 (233,690,202) 1,530,912 1,047,729,417
As at 31 December 2011 1,199,423,267 (218,613,434) 1,460,750 982,270,583
The concession assets represent the right granted to the Company by the Greek State for the use and operation of the Athens International Airport under the ADA.
Financial Statements as at 31 December 2011 (Amounts in Euros unless otherwise stated) Page 37 of 50
5.9 Intangible assets
Intangible assets
Acquisition cost Concession Cohesion Software & Total
assets fund other
1,690,294,083
Balance as at 2,058,406,262 (380,686,471) 12,574,292
1 January 2010 652,933
428,925 0 224,008 (256,189)
Acquisitions (256,189) 0 0 5,607,332
Disposals 4,747,731 0
Transfers 0 859,601 0
Reclassifications 0 0
(380,686,471) 1,696,298,159
Balance as at 2,063,326,729 13,657,901
31 December 2010 (380,686,471) 1,696,298,159
2,063,326,729 13,657,901
Balance as at 0 308,417
1 January 2011 196,547 0 111,870 0
0 0 0
Acquisitions 0 2,705,233
Disposals 2,022,946 682,287 0
Transfers 0 (380,686,471) 0
Reclassifications 1,699,311,809
2,065,546,222 14,452,058
Balance as at
31 December 2011
Depreciation of intangible assets
Depreciation Concession Cohesion Software & Total
assets fund other
580,409,203
Balance as at 701,148,742 (131,919,501) 11,179,962
1 January 2010 68,273,101
(15,076,768) 947,027 0
Depreciation charge for the year 82,402,842 0 0
Impairment losses 0 0 0 (113,562)
Disposals 0 0 0
Transfers (113,562) 0 0 0
Reclassifications 0
0 (146,996,269) 12,126,989 648,568,742
Balance as at 783,438,022 (146,996,269) 12,126,989 648,568,742
31 December 2010
(15,076,768) 864,319 68,472,484
Balance as at 783,438,022 0 0 0
1 January 2011 0 0 0
0 0 0
Depreciation charge for the year 82,684,933 0 0 0
Impairment losses 0
Disposals 0 (162,073,037) 12,991,308 717,041,226
Transfers 0
Reclassifications 0
Balance as at 866,122,955
31 December 2011
Carrying amounts of intangible assets
Carrying Amount Concession Cohesion Software & Total
assets fund other
As at 1 January 2010 1,357,257,520 (248,766,970) 1,394,330 1,109,884,880
As at 31 December 2010 1,279,888,707 (239,690,202) 1,530,912 1,047,729,417
As at 1 January 2011 1,279,888,707 (233,690,202) 1,530,912 1,047,729,417
As at 31 December 2011 1,199,423,267 (218,613,434) 1,460,750 982,270,583
The concession assets represent the right granted to the Company by the Greek State for the use and operation of the Athens International Airport under the ADA.
Financial Statements as at 31 December 2011 (Amounts in Euros unless otherwise stated) Page 37 of 50
