ANNUAL REPORT ‘12
NOTES TO THE FINANCIAL STATEMENTS
169
NOTES TO THE FINANCIAL STATEMENTS
Index
PRELIMINARY NOTE
1.
ACTIVITY
172
1.1 Group structure
172
1.2 Object and framework of activity
173
1.3 Concession of public airport services contract
173
1.4 Legal regulatory framework
176
2.
ACCOUNTING POLICIES
179
2.1 Basis for the presentation
179
2.2 IFRS disclosures – new rules as of 31 December 2012
179
2.3 Consolidation
182
2.4 Report per segment
183
2.5 Foreign exchange conversions
184
2.6 Concession assets
184
2.7 Concession right
186
2.8 Impairment of non-financial assets
187
2.9 Financial assets
188
2.10 Inventories
188
2.11 Cash and cash equivalents
189
2.12 Dividends
189
2.13 Financial liabilities
189
2.14 Loans obtained
189
2.15 Payables
190
2.16 Retirement benefits
190
2.17 Provisions
190
2.18 Subsidies
190
2.19 Leasing
191
2.20 Hedging policy
191
2.21 Fair value of financial assets and liabilities
193
2.22 Income tax
193
2.23 Income
194
2.24 IFRIC 12 impacts on ANA, S.A.’s Concession Contract
194
