ANNUAL REPORT ‘12
ECONOMIC AND FINANCIAL ANALYSIS
103
assets, under the terms of the concession right, an
amount close to 20.6 million euros. According to IFRIC
12, the acquisition/construction of assets that increase
the value of the concession right are treated as a
service provided to the grantor, and the corresponding
revenue is recorded, having as its counterpart the
recognition of the expenses incurred (external
supplies and services – construction contracts).
The turnover in 2012 rose by 1.8%, being calculated
at 358.3 million euros.
The positive pattern occurring in the areas of non-
aviation businesses contributed to a good performance
of the turnover, particularly in the retail activities, which
registered growth of 8.7% compared to 2011. Aviation
revenues remained fairly stable (+0.6%), as revenues
from fees charged to passengers were strong (+2.4%),
offset by the minimal increase in landing/take-off
revenues (+0.1%). This trend is explained by the 1.4
p.p. increase in the load factor (aircraft occupancy
rate), as one can see on the table below.
The revenue generated by the service to persons with
reduced mobility (PRM) decreased 3.5%, a result of the
decrease in the fees charged per passenger, reflecting
gains in efficiency in the management of resources
allocated to this activity. See section 7.4 – Security and
assistance to persons with reduced mobility.
Under the heading other operating income (other
revenues), there was a decrease of 26.1% (3.3 million
euros). The year before there was an extraordinary
entry recorded for a contractual fine applied to a
supplier for non-compliance with binding deadlines
(6.5 million euros). This variation is attenuated by the
fact that in 2012 a contractual penalty was applied to
a rent-a-car concessionaire, as part of the process of
canceling the corresponding licence (1.5 million euros).
Operating costs
Operating costs varied as shown in the table “ANA, S.A.
operating costs”.
Aviation revenues
201,754
200,544
192,952
0.6%
Security
39,070
37,818
35,433
3.3%
PRM
6,614
6,856
6,630
(3.5%)
Non-aviation revenues
110,817
106,793
103,785
3.8%
Turnover without construction contracts
358,256
352,011
338,800
1.8%
Construction contracts
20,634
0
0
n.a.
Turnover
378,890
352,011
338,800
3.9%
2010
ANA, S.A. turnover
2011
ĝ
12/11
2012
(thousand euros)
Operating costs without IFRIC 12 impact
254,452
251,512
256,763
1.2%
IFRIC 12 impact
62,664
0
0
n.a.
Operating costs
317,115
251,512
256,763
26.1%
(thousand euros)
2010
2011
Δ %
12/11
2012
ANA, S.A. operating costs
