Page 74 - 2board23full
P. 74
Financial Statements
4.2 Critical judgements in applying the entity’s accounting policies
There were no critical judgements necessary in applying the Company’s accounting policies.
5 Notes to the financial statements
5.1 Operating revenues
Analysis of operating revenues 2010 2009
Air activities 181,528,933
43,528,348
Airport Charges 174,322,175 38,315,968
Centralized infrastructure & airside concessions 41,114,665 111,323,871
374,697,120
Building and ground rentals & concessions 37,013,860
49,094,385
Other 21,568,492 18,160,053
Total air activity revenues 274,019,192 10,074,271
Non-air activities 5,467,884
82,796,593
Concession activities 49,336,796 457,493,713
Parking services 18,095,378
Building and ground rentals & concessions 10,153,483
Other 4,938,170
Total non-air activity revenues 82,523,827
Total operating revenues 356,543,019
Operating revenues were measured at the fair value of the consideration received or receivable, taking into account the
amount of any trade discounts or tax-volume rebates.
The fair value of the consideration received or receivable is equal to the invoiced amount, since the Company doesn’t
formally provide any deferred credit terms to its customers, in the form of interest-free instalments or at below market
interest rates.
The Company, in cases where it is likely, based on estimations, that the economic benefits related to a transaction are
not expected to flow to the entity, does not recognise the revenue of the specific transaction.
As at the balance sheet date, the Company has contracted with tenants for the following minimum non-cancellable
operating lease payments:
Analysis of minimum lease payments 2010 2009
Within one year 23,957,262 25,432,786
Between one and five years 78,767,388 87,308,145
More than five years 139,021,847 153,056,096
Total minimum lease payments 241,746,496 265,797,027
Concession fees earned for the year ended 31 December 2010 include over the contractual secured revenues amounting
to €3.146.918 (2009: €4.515.818).
Financial Statements as at 31 December 2010 (Amounts in Euros unless otherwise stated) Page 31 of 51
4.2 Critical judgements in applying the entity’s accounting policies
There were no critical judgements necessary in applying the Company’s accounting policies.
5 Notes to the financial statements
5.1 Operating revenues
Analysis of operating revenues 2010 2009
Air activities 181,528,933
43,528,348
Airport Charges 174,322,175 38,315,968
Centralized infrastructure & airside concessions 41,114,665 111,323,871
374,697,120
Building and ground rentals & concessions 37,013,860
49,094,385
Other 21,568,492 18,160,053
Total air activity revenues 274,019,192 10,074,271
Non-air activities 5,467,884
82,796,593
Concession activities 49,336,796 457,493,713
Parking services 18,095,378
Building and ground rentals & concessions 10,153,483
Other 4,938,170
Total non-air activity revenues 82,523,827
Total operating revenues 356,543,019
Operating revenues were measured at the fair value of the consideration received or receivable, taking into account the
amount of any trade discounts or tax-volume rebates.
The fair value of the consideration received or receivable is equal to the invoiced amount, since the Company doesn’t
formally provide any deferred credit terms to its customers, in the form of interest-free instalments or at below market
interest rates.
The Company, in cases where it is likely, based on estimations, that the economic benefits related to a transaction are
not expected to flow to the entity, does not recognise the revenue of the specific transaction.
As at the balance sheet date, the Company has contracted with tenants for the following minimum non-cancellable
operating lease payments:
Analysis of minimum lease payments 2010 2009
Within one year 23,957,262 25,432,786
Between one and five years 78,767,388 87,308,145
More than five years 139,021,847 153,056,096
Total minimum lease payments 241,746,496 265,797,027
Concession fees earned for the year ended 31 December 2010 include over the contractual secured revenues amounting
to €3.146.918 (2009: €4.515.818).
Financial Statements as at 31 December 2010 (Amounts in Euros unless otherwise stated) Page 31 of 51
