ANNUAL REPORT ‘12
NOTES TO THE FINANCIAL STATEMENTS
183
The identifiable assets that were acquired and the liabilities and contingent liabilities undertaken in a merger have
initially been measured at the fair value on the date of the acquisition, irrespective of the existence of non-controlled
interests. The surplus cost of acquisition with regard to the fair value of the Group’s share of the identifiable assets
that have been recorded has been recorded as goodwill. If the cost of the acquisition was lower than the fair value
of the Group’s share of the net assets of the subsidiary that has been acquired, the difference is recorded directly
on the income statement.
Internal transactions, balances and unrealised gains in transactions between Group companies have been eliminated.
Unrealised losses have also been eliminated, except in cases where the transaction proves to be evidence of the
impairment of a transferred asset. The accounting policies of subsidiaries are altered whenever necessary, so as to
ensure consistency with the policies adopted by the Group.
The non-controlled interests are initially recognised by the respective proportion of the fair value of the identified
assets, liabilities and contingent liabilities. Transactions with non-controlled interests are recognised as transactions
with shareholders, so that any difference in the acquisition or sale to non-controlled interests is recorded in equity,
and there is no need to enter any gains, losses or goodwill.
Investments in subsidiaries, presented for ANA, S.A.’s separate financial statements, are entered at acquisition cost,
less any impairment losses.
2.4_REPORT PER SEGMENT
An operating segment is a component of an entity:
a) which develops business activities from which revenues can be obtained and expenditure can be incurred
(including revenues and expenditure related to transactions with other components of the same entity);
b) whose operating results are regularly reviewed by the main body responsible for making operating decisions
for the entity, for the purpose of making decisions about the allocation of resources to the segment and for
assessing its performance; and
c) with regard to which separate financial information is available.
The ANA Group has identified the Board of Directors as being responsible for making operating decisions. This is
the body that reviews internal information that has been prepared so as to assess the performance of the activities
of the Group and the allocation of resources. The operating segments were defined on the basis of the information
that is analysed by the Board of Directors and no new segments were defined apart from the segments that have
already been reported in the past.
The operating segments of the ANA Group are: airports, commercial activities and handling:
• airports – includes all activities related to the provision of public service support to civil aviation;
• commercial activities – includes all activities carried out by the business units of Retail, Real Estate and
Parking;
• handling – includes all the activities in support of aircraft using the airports of ANAM, S.A. and ANA, S.A., and
the passenger, baggage and air freight support services provided by Portway, S.A..
