Change in consolidation
On 13 December 2017, Schiphol Group sold its interest in Schiphol Hotel Holding B.V. and the related subsidiaries Schiphol Operational Company and Schiphol Property Company. As per this date the assets and liabilities, as well as the results of Schiphol Hotel Holding B.V. have no longer been consolidated. The assets and liabilities were classified as 'held for sale' since 31 December 2015. In 2017 the contribution of this group to net revenues and to the operating profit was 30 million euros and 6.3 million euros respectively.
As a consequence of the sale there is a positive result of 26 million euros in 2017, which is recorded as part of other income. The net cash received in respect of the sale amounts to 144.5 million euros.
(in thousands of euros) | 13 December 2017 |
---|---|
Assets used for operating activities | 122,166 |
Cash and cash equivalents | 2,912 |
Trade and other receivables | 1,768 |
Assets held for sale | 126,846 |
|
|
Deferred tax liabilities | 2,255 |
Trade and other payables | 2,600 |
Liabilities held for sale | 4,855 |
|
|
Net assets and liabilities held for sale | 121,991 |
|
|
Consideration received in cash | 147,369 |
Cash and cash equivalents disposed | -2,912 |
Net cash inflow | 144,457 |
|
|
Other income |
|
Consideration received in cash | 147,369 |
Consideration receivable | 1,685 |
Total income on disposal of controlling interest | 149,054 |
|
|
Selling expenses | -1,024 |
Disposed net assets and liabilities | -121,991 |
Total result on disposal of controlling interest | 26,039 |
In 2018 there were no changes in consolidation.
Most-read sections
Facts and figures
- 327 destinations from Schiphol, 79.2 million passengers in total ...Passenger and airline journey
- As an airport operator, we are responsible for the ...Strategic themes
- The guiding principles of our strategy have been formulated in ...2019 Management agenda
- Every year, we translate our long-term strategy into a four-year ...Network of destinations
- Schiphol welcomed 71.1 million passengers ...Financial Statements
- Our consolidated and company financial statements ...