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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated income statement Revenue

1. Revenue

2013

Aviation

Consumer Products & Services

Real Estate

Alliances & Partipications

Airport charges

492,801

270,961

-

-

-

-

-

51,883

-

815,646

Concessions

12,727

-

145,133

3,798

2,384

1,054

-

4,389

-

169,485

Rent and leases

98

-

18,889

371

-

151,811

-

3,408

-

174,577

Parking fees

-

-

-

81,899

-

3,887

-

13,868

-

99,654

Retail sales

-

-

-

-

85,489

-

-

-

-

85,489

Other activities

15,546

1,181

397

4,130

28,639

9,277

9,588

5,082

77,837

151,677

Total revenue

521,172

272,142

164,420

90,197

116,511

166,029

9,588

78,630

77,837

1,496,527

Elimination of internal revenue

- 410

- 224

- 31,824

- 1,144

- 314

- 24,813

- 259

- 418

- 55,054

- 114,459

Revenue

520,762

271,919

132,595

89,054

116,196

141,217

9,329

78,213

22,783

1,382,069

2012

Aviation

Consumer Products & Services

Real Estate

Alliances & Partipications

Airport charges

478,633

265,723

-

-

-

-

-

43,242

-

787,598

Concessions

12,263

-

143,030

3,329

2,182

1,295

-

3,737

-

165,836

Rent and leases

98

-

16,844

377

-

151,393

-

2,561

-

171,271

Parking fees

-

-

-

81,313

-

3,636

-

12,137

-

97,085

Retail sales

-

-

-

-

86,649

-

-

-

-

86,649

Other activities

15,476

1,278

639

3,978

28,127

13,500

11,267

4,766

80,728

159,758

Total revenue

506,469

267,001

160,513

88,996

116,958

169,823

11,267

66,443

80,728

1,468,198

Elimination of internal revenue

- 516

- 318

- 31,475

- 1,155

- 90

- 24,356

- 472

- 134

- 57,142

- 115,658

Revenue

505,952

266,683

129,038

87,841

116,868

145,467

10,795

66,310

23,586

1,352,540

Airport charges

The activities of the Aviation business area (the operation of Amsterdam Airport Schiphol) are regulated, meaning that the annual process of setting the airport charge rates is overseen by the Netherlands Competition Authority and involves consultations with the airlines. When setting the airport charges, the Aviation business area’s profitability is also capped at an average weighted cost of capital for regulated assets; both must be determined in compliance with the Aviation Act. Under the Aviation Act, Schiphol Group must settle surpluses and deficits from specified income and expenses with the industry. In principle, settlement takes place after the close of a financial year and the preparation of financial statements of the Aviation and Security segments using the new airport charge rates. In accordance with the accounting policies, surpluses and deficits eligible for settlement in the airport charge rates are not presented as assets and liabilities in the balance sheet. This procedure does not apply to the airport charges at Rotterdam The Hague, Eindhoven and Lelystad airports, which are recognised in the Domestic Airports segment. There was a shortage for the financial year 2012 of 2.3 million euros for the Aviation segment and a surplus of 1.3 million euros for the Security segment. The shortage of 1.0 million euros will be factored into the charges in force from 1 April 2014.

(in thousands of euros)

2013

2012

Aircraft-related fees

199,018

194,732

Passenger-related fees

311,635

296,952

Security service charges

297,567

287,872

Aircraft parking fees

7,426

8,042

815,646

787,598

Concessions

Schiphol Group’s Concessions segment, which is part of the Consumer Products & Services business area has 99 concession contracts (2012: 100) for a range of commercial activities at Amsterdam Airport Schiphol.

A concession grants the holder non-exclusive rights to operate and manage a commercial activity (outlet) in a specific location designated by Schiphol Group. The concession fees are calculated on a percentage scale of the sales generated by the concession holder. A separate contract is entered into with concession holders for the space, for which a fixed rent is payable. The concessions run for an average of three to five years. At the reporting date, about 65% of the concessions had a remaining term of less than three years (2012 about 62%), 23% had between three and five years to run (2012: 28%) and 12% had more than five years to run (2012: 10%).

Revenue of 12.7 million euros from concessions granted by the Aviation segment (12.3 million euros in 2012) and 3.8 million euros by the Parking segment (3.3 million euros in 2012) related to concession contracts for the third-party supply of aviation fuel and the use of drop-off roads by taxi and car rental services respectively.

Rents and leases

(in thousands of euros)

2013

2012

Investment property: buildings, including service charges

83,509

75,478

Investment property: land

24,952

25,086

Operating property, including service costs

44,359

48,985

Elimination of internal revenue

21,757

21,722

174,577

171,271

Occupancy in the Real Estate segment was 86.3% at 31 December 2013 (91.8% at 31 December 2012).

Approximately 6% of the leases (measured by income from rents and leases) expire within one year (5% in 2012), 46% between one and five years (50% in 2012) and 48% after more than five years (45% in 2012).

Property management expenses were as follows:

(in thousands of euros)

2013

2012

Occupied buildings

31,464

34,852

Unoccupied buildings

5,287

4,701

36,751

39,553

Management expenses for buildings that are only partially leased have been apportioned on the basis of floor area.

Parking charges

(in thousands of euros)

2013

2012

Parking at Amsterdam Airport Schiphol:

Short-stay car park

38,832

39,298

Long-stay car park

24,333

23,997

Other public car parking

4,264

3,053

Business parking

17,440

17,191

84,869

83,539

Parking at other locations

13,868

12,137

Elimination of internal revenue

917

1,409

99,654

97,085

Parking at other locations relates to Rotterdam The Hague, Eindhoven and Lelystad airports and the income is reported in the Domestic Airports segment.

Retail sales

Retail sales of 85.5 million euros in 2013 (86.6 million euros in 2012) represented revenue from alcohol, tobacco and chocolate. The related cost of sales of 41.2 million euros (43.7 million euros in 2012) is recognised under operating expenses in ‘Cost of contracted work and other external costs’.

Other activities

(in thousands of euros)

2013

2012

Advertising

19,352

19,513

Services and activities on behalf of third parties

17,528

19,611

Electricity, gas and water

7,176

6,885

Other operating income

28,155

28,963

Miscellaneous

16,624

19,311

Elimination of internal revenue

62,842

65,475

151,677

159,758