ANNUAL REPORT 2006

Antwerp AIRPORT 2006 Annual report

Antwerp Airport

 Table of Contents

PREFACE 5 1 2006 Highlights 9 2 MANAGEMENT AND MANAGEMENT RESULTS 13 3 FIVE ASSETS OF ANTWERP AIRPORT 15 3.1 20-MINUTE CONCEPT 15 3.2 FREE PARKING AREA 15 3.3 ACCESSIBLE BY CAR, TRAIN AND BUS 16 3.4 SITUATED AT ’ ECONOMIC HEART 16 3.5 NEW PASSENGER TERMINAL 16 4 TRAFFIC 17 4.1 PASSENGERS 17 4.2 MOVEMENTS 18 4.3 FREIGHT 18 5 INVESTMENTS 19 6 AIRPORT SECURITY 20 6.1 TRAINING 20 6.2 NEW GUIDELINES FOR THE CONTROL OF PASSENGERS AND THEIR HAND BAGGAGE 21 6.3 ACCESS CONTROL FOR INDIVIDUALS AND VEHICLES 21 7 EMPLOYMENT 22 7.1 PUBLIC SERVICES 22 7.2 AIRPORT-BASED BUSINESSES 22 8 ENVIRONMENTAL LICENCE 23 9 PROMOTION 24 BALANCE SHEET 27 INCOME AND EXPENDITURE ACCOUNT 33

  Preface

Passenger numbers rise for the first time in 5 years

Following several years of falling figures, this trend was broken in 2006: 147,849 passengers used Antwerp Airport. The increase by 3.6% compared to the previous year is not just a reward for all the hard work during the past year, but also provides a stimulus for the future.

The extension of VLM ’ activities has largely contributed to this rise in passenger numbers. The service to City has been extended to 7 flights on weekdays. In addition, on 30 October, the first flight was made to the new destination of Manchester. This connection is provided by VLM Airlines from Antwerp twice a day.

Also in 2006, numerous investment projects were finalized through the joint efforts of the airport, the users and external partners, in view of Antwerp Airport’s further development as a modern and fast business airport.

For instance, after one and a half years of alterations, the renovated passenger terminal was put into use. Thanks to the modular glass walls which let in a lot of light and create a feeling of space, passengers can wait for their flights in a pleasant and comfortable environment.

Two business aviation companies, Flying Group and ASL, invested in the construction of new hangars at the airport. Both companies have also extended their fleet so as to meet the ever-growing demand. Now that an existing hangar has been completely renovated, Abelag also has an establishment of its own in Antwerp.

In this way, both the home-based carrier and the business aviation companies express their confidence in Antwerp Airport. Now that the airport has been granted the safety certificate by the Aviation Directorate-General on 15 December, the number of passengers is expected to rise to 150,000.

  2007 prospects

In 2007, Antwerp Airport will present its completely renewed web site which contains information for passengers, companies and people living in the neighbourhood of the airport. At the same time a new logo will be introduced. We seek to make the assets of Antwerp Airport more well-known through a targeted communication strategy.

Furthermore, various investments are planned in the field of infrastructure and equipment. In 2007, the renovation of the airport building will be completed with a thorough renovation of the Belair restaurant. The food and drink area will be divided into a brasserie and a business restaurant. A new outdoor café will also be built which will look out onto the airport premises.

A second important infrastructure project is the construction of a taxiway which will connect Platform 2 to taxiway Bravo. Following the recent extension of the number of hangars near Platform 2, the air traffic flow was considerably hampered. The connection with the taxiway Bravo allows for an additional opening up, which to a large extent solves this safety issue.

Mid-2007, Belgocontrol will modernize the Instrument Landing System (ILS). The ILS indicates the desired glideslope angle and the runway axis during landing. This allows pilots to conduct an approach and to land safely, even in case of reduced visibility. At the same time the day and night thresholds are combined. In addition, Air Traffic Control will have its own radar images, as a result of which air traffic will pass off even more smoothly.

These and other projects contribute to the further development of Antwerp Airport as a modern, comfortable and customer-friendly airport where all passengers, and not just business travellers, feel at home. We hope to be able to welcome you here soon.

Eddy Cleirbaut Airport Commander

  1 2006 Highlights

30 January

VLM Airlines is awarded the ‘Regional of the Year’ title by Air Transport World (ATW), the leading magazine “serving the needs of the global airline and commercial air transport manufacturing communities”. The decisive factors for being awarded this title were the 12% increase in passenger numbers as well as the well thought out strategy of VLM Airlines. As regional airline company, VLM Airlines has succeeded for seven consecutive years now to make a profit by providing connections between busy business centres throughout Western Europe with its own fleet of aircraft. It has done so without making any business commitments with larger airline companies.

8 March

Johan Vanneste, CEO of VLM Airlines, receives the “Manager of the Year Award” from the Aviation Press Club (APC). This professional organisation consists of journalists who are experts in aviation. Like each year, this award ceremony took place at Aviapartner.

9 May

The Flemish Minister for Public Works, Energy, the Environment and Nature, Kris Peeters, pays a work visit to the airport. Following on from this visit, he attends a press conference where he explains the measures he will take to secure the future of Antwerp Airport. These measures include the elimination of any obstacles to air navigation, the realisation of RESAs (Runway End Safety Areas) and the renovation of the passenger terminal.

27-28 May

As an annual tradition, the Antwerp Stampe Center, together with ASA, organises the 16th Stampe Fly-In. Historic aircraft, mainly of the type SV4, come together at Antwerp Airport where pioneers Stampe and Vertongen built these aircraft in the nineteen-twenties. On Sunday, a formation flight is performed. Visitors can make their first flight or simply enjoy the beauty of these aircraft.

  6 June 30 October

After one and a half years of alterations, the renovated passenger terminal is put into use. VLM Airlines launches a new direct connection to Manchester. Until then, this destination On this occasion the first passengers receive a small present. Apart from the departure and could only be reached through . Passenger numbers reveal that, arrival halls, the new terminal also houses the offices of the airport services, such as the compared to other Manchester-bound routes of VLM Airlines, the highest number of security, inspection and navigation services, as well as the offices of external services, such passengers departs from Antwerp. That is why a direct flight is now scheduled from Antwerp as the Federal Police and Customs. twice a day.

20 June 1 December

At the beginning of a three-day state visit, the Dutch Queen Beatrix arrives at Antwerp Airport, together with Crown Prince Willem-Alexander and Princess Maxima. They are welcomed by the Belgian royal couple, Crown Prince Philip and Princess Mathilde, and numerous dignitaries. Afterwards, the group departs for the Antwerp Grand Place to attend the official welcome ceremony.

28 July

Flemish Minister Kris Peeters plants the first tree of the future forest in Borsbeek. In order to meet the international safety requirements, a very small area (0.58 ha) at Fort III must be deforested, and

a number of trees (3.09 ha) need to be The aviation business ASL opens a new hangar of 1,500 m², with annexed buildings. At cut down and pruned. This is a turbulent operation. By means of compensation, 3.37 ha of the same time the new Beech 1900 D Airliner aircraft is presented. With this 5 million new forest are planted in the immediate environment of Fort III. In time, a total of 7.5 ha of euro investment, ASL not only seeks to further extend its air-taxi service, but also to make new forest will be planted in Borsbeek and the immediate surroundings. charters for 10 to 20 people possible.

18 September 15 December Due to the growing success of the Antwerp-London City connection, VLM Airlines increases

the number of flights on weekdays from 4 to 7. This guarantees business passengers Flemish Minister Kris Peeters gives the safety certificate to Airport Commander Eddy travelling to the heart of London even more flexibility and choice. One flight is operated on Cleirbaut. The Aviation Directorate-General issued this certificate after the obstacles to air Saturdays, and two flights are introduced on Sundays. Thirteen years ago, Antwerp-London navigation at and around Fort III had been removed. City was the very first flight route from the network of VLM Airlines.

10 11 2 Management and management results

Antwerp Airport is managed as a “Separate Management Service” by the Flemish government, Department of Mobility and Public Works. Its organic rules have been laid down by the Flemish Government Decree of 8 June 1994 (Belgian Official Gazette of 20 October 1994). This form of management allows the airport to operate and to pursue a commercial policy with some degree of autonomy. At the same time it provides the airport with the opportunity to benefit from the integration into the Flemish administration.

Apart from its own aeronautical and non-aeronautical revenues, Antwerp Airport also receives an operating allocation and an investment allocation from the . The airport’s operational staff comes under the Flemish government. Belgocontrol is in charge of traffic control as well as the radio and meteorological services. Under the 30 November 1989 co-operation agreement between the Belgian State and the Flemish and Walloon Regions, Belgocontrol also finances the related costs.

Certification

Following obligations imposed by the International Civil Aviation Organization (ICAO), transposed into the 27 January 2004 Royal Decree amending the 15 March 1954 Royal Decree on the regulation of aviation (Belgian Official Gazette of 23 February 2004), airports must have a certificate for international air traffic, called “Aerodrome Certificate – Annex 14”, in accordance with the level of operation applied for. This level of operation is attuned to the infrastructural features, such as the length and width of the runway, for instance. In application of this international regulation, the Aviation Directorate-General performed a thorough audit at the end of 2005.

Antwerp Airport has made great efforts to put its procedures and equipment in line with these audit results. Within this framework, a Safety Management System was already introduced late 2005. However, the Aviation Directorate-General considered the presence of important obstacles to air navigation at Fort III in Borsbeek as a serious failure to comply with the certification requirements. That is why the certification was made dependent on the implementation of the measures necessary to remove or beacon these obstacles to air navigation, which consisted of a hangar and trees.

The empty hangar was removed early May 2006. The cutting and pruning works at Fort III started in August 2006. Given its size and the fact that it is situated in a habitat area for bats, the necessary initiatives were taken to compensate this loss of natural amenity. In the surroundings of Fort III, outside the airport’s safety surfaces, an area of 7.5 ha is forested, whereas at the Fort itself appropriate plantings are looked for. After examination of the

1212 13 performed cutting and pruning works, the certificate was given to the airport authorities 3 five assets of Antwerp Airport by Flemish Minister Kris Peeters on 15 December 2006. This certificate has a validity of 2 years.

Antwerp Airport mainly presents itself as a modern, fast and customer-friendly regional city Securing the future airport, committed in particular to business traffic. Not just the provision of flights has been The lack of an ICAO-imposed runway end safety area (RESA) of 150m at the side of the attuned to this. The specific features of the airport also hold clear advantages. Because of Krijgsbaan is a second important safety requirement that has not yet been complied with. A its efficient handling and unique location close to the industrial centres, the port and the solution is to be found to this problem in the short term, at the latest by 2009. city, Antwerp Airport is most suitable for business flights and just-in-time freight transport. The airline company VLM Airlines and the business aviation companies Flying Group, ASL With a view to realising this RESA, the Participatiemaatschappij Vlaanderen was asked and Airventure use Antwerp Airport as their home base. The airport also plays an important to request the Consortium, which is currently being negotiated with within the framework role in pilot training. of the establishment of a Public Private Partnership (PPP), to draw up an environmental impact report (EIR) with a three-fold subject: the environmental impact of the construction of a RESA, the realisation of the proposed business plan, and the establishment of an 3.1 20-minute concept industrial estate at the airport site. The small-scale character of Antwerp Airport allows you to realise a considerable gain of For the construction of this RESA, the specifications of the PPP propose a tunnelling of the time, both upon departure and arrival. As a result of the short walking distances, you can Krijgsbaan. Given the very high price tag of this solution, the administration suggested two check in up to 20 minutes before the departure of your flight. Upon arrival at Antwerp cheaper alternatives to divert the Krijgsbaan. This strategic environmental assessment was Airport, you can already leave the airport building about 10 minutes after the landing. submitted for approval to the EIR service by late March 2007. On the basis of the results of this assessment, a plan of appropriate measures will be elaborated, including the required funding, with a view to the swift realisation of the required RESA. 3.2 Free parking area

Antwerp Airport has a free parking area for about 600 cars. This parking area is always accessible, even outside the airport’s opening hours, and is situated just outside the airport building.

14 15 3.3 Accessible by car, train and bus 4 Traffic

Antwerp Airport can be reached by car via exit on the Antwerp Ring Road. The table below indicates the evolution of the number of passengers, the number of Signposts then guide you to the airport. Bus route 14 from provides a regular movements and the freight (in tonnes) over the 1996-2006 period. Both the number of connection with the railway stations Antwerpen- and Antwerpen-Centraal, from passengers and the freight transport have increased, whereas the number of movements where national and international train connections will bring you to your destination. has stagnated.

Table 1: 1996-2006 traffic evolution 3.4 Situated at Flanders’ economic heart 4 Traffic Passengers Movements Freight (in tonnes) The table below indicates the evolution of the number of passengers, the number of Antwerp Airport is the perfect operating base for the numerous multinationals situated 1996 272,989 61,182 9,883 movements and the freight (in tonnes) over the 1996-2006 period. Both the number of in the surrounding area of the city and the port. Businesspeople from all over the world passengers and1997 the freight transport 257,887 have increased,66,109 whereas the8,010 number of movements has travel to Antwerp, the world diamond centre. Moreover, the city’s rich cultural past provides stagnated. 1998 221,523 62,462 6,860 numerous places worth seeing. The modern character of vibrant Antwerp is emphasized by its focus on fashion. 1999 231,113 74,370 7,281 Table 1: 1996-2006 traffic evolution 2000 261,576 66,909 7,997 Freight (in 2001 273,208 Passengers Movements69,515 tonnes)6,684 3.5 New passenger terminal 272,989 61,182 9,883 2002 1996 190,362 67,435 5,240 1997 257,887 66,109 8,010 In June 2006, the new passenger terminal of Antwerp Airport was put into use. Consequently, 2003 1998 168,283 221,523 64,000 62,462 6,8604,903 1999 231,113 74,370 7,281 the airport now has modern and flexible arrival and departure zones within the original 2004 2000 152,682 261,576 58,132 66,909 7,9974,281 volume and view of the airport building from the 1930s. 2001 273,208 69,515 6,684 2005 142,737 54,871 4,664 2002 190,362 67,435 5,240 2006 2003 147,849 168,283 55,023 64,000 4,9036,825 2004 152,682 58,132 4;281 2005 142,737 54,871 4,664 2006 147,849 55,023 6,825

4.1 Passengers 4.1 Passengers The overall passenger number for 2006 amounts to 147,849. This is a rise by 3.6% The overall passenger number for 2006 amounts to 147,849. This is a rise by 3.6% compared compared to the previous year. This rise is mainly due to the additional flights on the to the previous year. This rise is mainly due to the additional flights on the Antwerp-London Antwerp-London City connection and to the launch of a new route between Antwerp and City connection and to the launch of a new route between Antwerp and Manchester on 30 Manchester on 30 October 2006. October 2006.

Figure 1: Evolution of passenger numbers over the 1996-2006 period

Passengers

300,000

250,000

200,000

150,000

100,000

50,000

0 16 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

Figure 1: Evolution of passenger numbers over the 1996-2006 period17

12 4.2 Movements 5 investments

4.2 MovementsThe number of flight movements at Antwerp Airport is practically at a status quo, totalling For the year 2006, Antwerp Airport was granted an investment endowment of 2,572,000 55,023 movements in 2006 compared to 54,871 in 2005. The number of flight movements at Antwerp Airport is practically at a status quo, totalling euro from the Flemish Region. Just like in 2005, an increase was allocated within the 4.255,023 Movements movements in 2006 compared to 54,871 in 2005. framework of the renovation of the airport building. The basic allocation was mainly Figure 2: Evolution of movements over the 1996-2006 period applied for the purchase of a new airport crash tender for the airport fire brigade and for The number of flight movements at Antwerp Airport is practically at a status quo, totalling investments in airport security. 55,023 movements in 2006 compared to 54,871Movements in 2005.

80,000 The purchase of the new airport crash tender is an extremely important investment in terms 70,000 Movements of flight safety and accounts for nearly a third of the basic allocation, totalling 571,000 60,000 euro. The vehicle, a Rosenbauer Panther 6x6, is equipped with a water tank of 12,000 80,00050,000 litres. 1,500 litre foam and 135 kg powder are also available. 70,00040,000 60,00030,000 50,00020,000 40,00010,000 Table 2: Investment allocation 30,0000 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 20,000 10,000 Investment allocation Figure0 2: Evolution of movements over the 1996-2006 period 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 (in 1,000 euro)

4.3 Freight 4.3 Freight 1997 1,095 Figure 2: Evolution of movements over the 1996-2006 period A sharp rise was recorded in freight transport by 46% from 4,664 tonnes in 2005 to 6,825 1998 1,240 A sharp rise was recorded in freight transport by 46% from 4,664 tonnes in 2005 to 6,825 tonnes in 2006. About 80% of this freight is transported by truck, under airway bill, to and 4.3 Freighttonnes in 2006. About 80% of this freight is transported by truck, under airway bill, to and 1999 1,442 from large international freight airports. A small part is thus transported by aeroplane, but this A sharp risefrom was large recorded international in freightfreight airports. transp Aort small by part 46% is thus from transported 4,664 tonnesby aeroplane, in 2005 but to 6,825 continues to be important for just-in-time deliveries to industry. 2000 1,373 tonnes in 2006.this continues About to 80% be important of this for freight just-in-time is tr deliveriesansported to industry. by truck, under airway bill, to and 2001 1,945 from large international freight airports. A small part is thus transported by aeroplane, but this Figure 3: Evolution of freight transport (in tonnes) over the 1996-2006 period continues to be important for just-in-timeFreight deliveries (in tonnes) to industry. 2002 1,900

10,000 2003 1,850 Freight (in tonnes) 8,000 2004 1,850

10,0006,000 2005 2,570

8,0004,000 2006 2,572

6,0002,000

4,0000 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 In 2006, the investments in airport security were limited to the latest adaptations in the 2,000 new passenger terminal and the completion of the perimeter wall. An amount of 19,715 Figure 3: Evolution of freight transport (in tonnes) over the 1996-2006 period 0 euros was used to secure the new departure and arrival zones and the surrounding service 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 areas. On the southern side of the airport premises, the fence was renewed for an amount

Figure 3: Evolution of freight transport (in tonnes) over the 1996-2006 period of 75,000 euros.

13 18 19

13 6 airport security 6.2 New guidelines for the control of passengers and their hand baggage

Since 6 November 2006, new rules apply for all passengers within the European Union with In terms of airport security particular attention was paid in 2006 to the further training of the regard to their clothing and hand baggage (Commission Regulation (EC) No 1546/2006 of staff and the implementation of new regulations. The reason for this is that two important 4 October 2006). Hand baggage, for instance, must not exceed the maximum dimension, EU regulations on security standards had been published and become effective. and outerwear is to be checked separately. Wheelchairs, prams and electrical equipment 6.1 Training are to be screened separately. In addition, liquids, gels, pastes, lotions and spray cans can only be taken on board in small amounts and provided they are packed in the correct way. Late 2006, all staff members of the airport inspection and security services followed Toiletries such as toothpaste, hair gel, perfume, shaving foam and creams also fall within compulsory training at the National Civil Aviation Security School which was housed in the these rules. buildings of the European Aviation Security Training Institute (EASTI). This training is explicitly provided for in Regulation (EC) No 2320/2002 of 16 December 2002 and is required to Only liquids that are packed in containers of no more than 100 ml are allowed. These obtain the aviation security certification which allows the staff members concerned to containers are to be put in a transparent, re-sealable plastic bag. Each passenger can take continue carrying out their security duties. only one plastic bag, which must not exceed 1 litre in capacity, in the hand baggage. There are two exceptions to this measure: liquids that are necessary for medical reasons and The training was given by instructors of the Aviation Directorate-General and the Regions. baby food for the journey. Liquids in larger containers must be put in hold baggage. The certifications are issued by the Aviation Directorate-General for a three-year period. The related inspection mandates are given by the regional authorities for the airports in their respective territories.

6.3 Access control for individuals and vehicles

Apart from the passengers, many private individuals and vehicles access the airport’s secured area each day. These include staff members, visitors and suppliers of companies that are located on the airport premises. Commission Regulation (EC) No 240/2006 of 10 February 2006 extends the existing procedures by the obligation to manually search a certain number of these people and their vehicles. The minimum numbers of people to be body searched and of vehicles to be searched are laid down in the Regulation.

20 21 7 employment 8 environmental licence

Together with the companies established on the airport premises, Antwerp Airport employed 569 people in 2006. This is a rise by 11 people compared to the previous year. The environmental licence for Antwerp Airport was granted on appeal on 30 December 2004 by the Flemish Minister for Public Works, Energy, the Environment and Nature. This licence is valid until 17 June 2024. The airport has a second level environmental coordinator. 7.1 Public services Opening hours At the end of 2006, 72 staff members of the Flemish government were employed at Antwerp Airport is closed to air traffic every night from 11 p.m. to 6.30 a.m. Exceptions can Antwerp Airport. Three of them work part-time. This corresponds with an employment of only be made for urgent medical flights and landing aircraft in delay, the landing of which is 69 full-time equivalents. The operational staff is in charge of the airport infrastructure, scheduled at 10.30 p.m. at the latest. In 2006, one medical flight was performed outside security and promotion. The positions of environmental co-ordinator and accountant have the normal opening hours. Eight scheduled flights, the landing of which was scheduled at been assigned to an external bureau. 10.30 p.m. at the latest, were delayed, as a result of which the landing took place outside the normal opening hours. Belgocontrol, an autonomous public company, is in charge of traffic control as well as the radio and meteorological services. It employs 24 staff members. The Federal Police employs 14 people at the airport who are in charge of passport control. Next to them, 12 Noise staff members of Customs monitor the import and export of goods. The noise contours and the number of people who are potentially seriously affected are calculated annually. Neither the number of potentially seriously affected people nor the number of residents within the LDN noise contour and within the LAeq day noise contour of 55 dB(A) should rise compared to the reference year 2000. The annual reports on the noise contours and the monitoring network are presented each year by the Acoustics and LuchthavendirectieAirport Authority (2) (2) Thermal Physics Laboratory of the KULeuven.

ExternalExternal AccountantAccountantr (1) (1) SecretariatSecretariaat Administration / Administratie (4) (4) Complaints Received complaints are registered in the system for the registration and follow-up of complaints. Complaints can be lodged both orally and in writing. The environmental consultative committee meets twice a year to discuss the register of complaints, to make CommercialCommerciële NavigationNavigatie InspectionInspectie FireBrandweer Brigade EnvironmentMilieu & & SecurityVeiligheid Unitcel (2)(2) (4)(4) (4)(4) (22)(22) WorksWerken (12) (12) (19)(19) suggestions for improvement, and to inform the people living in the neighbourhood and the authorities about the past and future environmental policy. In 2006, the environmental committee gathered on 12 June and on 11 December. 39 complaints and reports were registered. ExternalExterne Environmentalmilieu- Coordinator coördinatie Training flights

The number of training flights at Antwerp Airport is to be limited to a maximum of 23,000 per year by 2010. By 2023, only a maximum of 19,500 training flights will be allowed 7.2 Airport-based businesses per year. In 2006, 24,870 training flights were performed by the five training centres that are located at Antwerp Airport. In order to limit the nuisance for the people living in the Apart from the public services, 54 private companies are located at Antwerp Airport. neighbourhood of the airport, only two aircraft can be in a holding pattern at the same time. Together they employ 450 people. On Saturdays and Sundays, training flights are allowed between 9 a.m. and 12 p.m. and

between 2 p.m. and 6 p.m..

22

22 23 9 Promotion

The gain of time, the free parking area and the easy accessibility may convince passengers to decide in favour of Antwerp Airport. These assets were promoted through several channels. A targeted media planning in specialist journals for the travel sector and business world is In 2006, a great effort was also made behind the scenes to restyle one of them. the web site www.antwerpairport.be. Both its layout and content were thoroughly revised and updated. The innovated web site will be Besides, in co-operation with Axe’s Publishers, the “Antwerp Airport Magazine” is published launched in 2007, together with the airport’s new logo. The web site each year, containing both Dutch and English texts. The aim of this publication is above all will mainly provide general information and news items about Antwerp to create a distinct profile for Antwerp Airport as a city airport with an added value for the Airport. It will also be possible to download or order publications, industrial region, the port, the diamond sector, tourism in the historical city of Antwerp, such as the Statistical Yearbook and the Annual Report. The content and the co-operation with the Antwerp-Waasland Chamber of Commerce and Trade. This of the web site will be regularly updated, as in our modern and rapidly publication is available at the airport building for anyone who is interested. changing society a web site is often the first source of information.

24 25 Balance sheet

26

26 27 Nr. 0248.211.419 F 2.1 Nr. 0248.211.419 F 2.2

BALANCE SHEET AFTER APPROPRIATION Discl. Codes Period Preceding period EQUITY AND LIABILITIES Discl. Codes Period Preceding period EQUITY ...... (+)/(-) 10/15 7.644.536,81 7.326.259,08 Capital ...... 5.7 10 ASSETS Issued capital ...... 100 FIXED ASSETS ...... 20/28 8.173.016,74 7.444.018,27 Uncalled capital ...... 101 Formation expenses ...... 5.1 20 Share premium account ...... 11 Intangible fixed assets ...... 5.2 21 Revaluation surpluses ...... 12 Reserves ...... 13 324.160,12 324.160,12 Tangible fixed assets ...... 5.3 22/27 8.173.016,74 7.444.018,27 Legal reserve ...... 130 324.160,12 324.160,12 Land and buildings ...... 22 35.483,33 36.482,06 Reserves not available ...... 131 Plant, machinery and equipment ...... 23 32.170,33 44.766,06 In respect of own shares held ...... 1310 Furniture and vehicles ...... 24 41.010,64 117.146,56 Other ...... 1311 Untaxed reserves ...... 132 Leasing and similar rights ...... 25 Available reserves ...... 133 Other tangible fixed assets ...... 26 8.064.352,44 7.245.623,59 Accumulated profits (losses) ...... (+)/(-) 14 -671.110,24 -201.614,72 Assets under construction and advance payments ...... 27 Investment grants ...... 15 7.991.486,93 7.203.713,68 Financial fixed assets ...... 5.4/ 28 Advance to associates on the sharing out of the assets 19 5.5 PROVISIONS AND DEFERRED TAXES ...... 16 Affiliated enterprises ...... 5.14 280/1 Provisions for liabilities and charges ...... 160/5 Participating interests ...... 280 Pensions and similar obligations ...... 160 Taxation ...... 161 Amounts receivable ...... 281 Major repairs and maintenance ...... 162 Other enterprises linked by participating interests ...... 5.14 282/3 Other liabilities and charges ...... 5.8 163/5 Participating interests ...... 282 Deferred taxes ...... 168 Amounts receivable ...... 283 AMOUNTS PAYABLE ...... 17/49 4.771.852,95 5.647.914,23 Other financial assets ...... 284/8 Amounts payable after more than one year ...... 5.9 17 Financial debts ...... 170/4 Shares ...... 284 Subordinated loans ...... 170 Amounts receivable and cash guarantees ...... 285/8 Unsubordinated debentures ...... 171 CURRENT ASSETS ...... 29/58 4.243.373,02 5.530.155,04 Leasing and similar obligations ...... 172 Amounts receivable after more than one year ...... 29 Credit institutions ...... 173 Trade debtors ...... 290 Other loans ...... 174 Trade debts ...... 175 Other amounts receivable ...... 291 Suppliers ...... 1750 ...... 3 Stocks and contracts in progress Bills of exchange payable ...... 1751 Stocks ...... 30/36 Advances received on contracts in progress ...... 176 Raw materials and consumables ...... 30/31 Other amounts payable ...... 178/9 Work in progress ...... 32 Amounts payable within one year ...... 42/48 4.767.537,91 5.643.914,23 Current portion of amounts payable after more than one Finished goods ...... 33 year falling due within one year ...... 5.9 42 Goods purchased for resale ...... 34 Financial debts ...... 43 Immovable property intended for sale ...... 35 Credit institutions ...... 430/8 Advance payments ...... 36 Other loans ...... 439 Trade debts ...... 44 3.354.121,53 4.355.008,89 Contracts in progress ...... 37 Suppliers ...... 440/4 3.354.121,53 4.355.008,89 Amounts receivable within one year ...... 40/41 3.641.855,82 4.148.516,03 Bills of exchange payable ...... 441 Trade debtors ...... 40 304.455,74 451.190,76 Advances received on contracts in progress ...... 46 Other amounts receivable ...... 41 3.337.400,08 3.697.325,27 Taxes, remuneration and social security ...... 5.9 45 354.708,82 230.742,24 Taxes ...... 450/3 Current investments ...... 5.5/ 50/53 5.6 Remuneration and social security ...... 454/9 354.708,82 230.742,24 Own shares ...... 50 Other amounts payable ...... 47/48 1.058.707,56 1.058.163,10 Deferred charges and accrued income ...... 5.9 492/3 4.315,04 4.000,00 Other investments ...... 51/53 TOTAL LIABILITIES ...... 10/49 12.416.389,76 12.974.173,31 Cash at bank and in hand ...... 54/58 592.116,90 1.379.975,77 Deferred charges and accrued income ...... 5.6 490/1 9.400,30 1.663,24 TOTAL ASSETS ...... 20/58 12.416.389,76 12.974.173,31

First - F20070401 4 / 9

28 29

First - F20070401 3 / 9 Explanation of the balance sheet Amounts receivable within one year Trade accounts payable In this part of the annual report a number of headings from the balance sheet are explained

in greater detail. Usually, a further breakdown is given into sub-headings so as to gain a • Suppliers better insight into the main headings.

Table 4: Suppliers

Assets 2006 2005 Tangible fixed assets Suppliers 110,305.42 356,088.16 The tangible fixed assets have been included in the balance sheet for the residual value. The other tangible fixed assets are investments financed with allocations from the Flemish Credit notes to be drawn up 0.00 45,077.48 Region. It mainly concerns renovation works to the passenger terminal. These works lasted Invoices payable 3,243,816.11 3,953,843.25 until June 2006. Total 3,354,121.53 4,355,008.89 Amounts receivable within one year

Table 3 reflects the breakdown of the “Amounts receivable within one year” heading. The • Other amounts payable “Other debtors” item mainly consists of the investment allocations to be received from the Flemish Region. Table 5: Other amounts payable Table 3: Amounts receivable within one year

2006 2005 2006 2005

Customers 234,761.50 326,822.09 Guarantees 61,986.89 60,792.93

Invoices payable 69,694.24 124,368.67 Various debts 655.06 1,304.56

Other debtors 3,337,400.08 3,697,325.27 Flemish government 996,065.61 996,065.61

Total 3,641,855.82 4,148,516.03 Total 1,058,707.56 1,058,163.10

Liabilities

Legal reserve

This is the legal reserve that was built up in accordance with Article 19 of the 8 June 1994 Flemish Government Decree on the financial management of the separate management services “Antwerp Airport” and “Ostend Airport”.

30 31 Income and expenditure account

32 33 Nr. 0248.211.419 F 3 Nr. 0248.211.419 F 3

INCOME STATEMENT Discl. Codes Period Preceding period Extraordinary income ...... 76 3.883,62 Discl. Codes Period Preceding period Write-back of depreciation and of amounts written down Operating income ...... 70/74 3.489.601,21 3.249.677,64 intangible and tangible fixed assets ...... 760 Turnover ...... 5.10 70 3.478.944,47 3.235.645,59 Write-back of amounts written down financial fixed assets 761 Stocks and work and contracts in progress: increase Write-back of provisions for extraordinary liabilities and (decrease) ...... (+)/(-) 71 charges ...... 762 Own construction capitalised ...... 72 Gains on disposal of fixed assets ...... 763 Other operating income ...... 5.10 74 10.656,74 14.032,05 Other extraordinary income ...... 5.11 764/9 3.883,62 Operating charges ...... (+)/(-) 60/64 5.688.319,33 5.193.270,30 Extraordinary charges ...... (+)/(-) 66 40.387,45 66.655,15 Raw materials, consumables ...... 60 Extraordinary depreciation of and extraordinary amounts Purchases ...... 600/8 written down formation expenses, intangible and tangible fixed assets ...... 660 33.614,41 Stocks: decrease (increase) ...... (+)/(-) 609 Amounts written down financial fixed assets ...... 661 Services and other goods ...... 61 768.165,95 656.277,52 Provisions for extraordinary liabilities and charges: Remuneration, social security and pensions ...... (+)/(-) 5.10 62 3.003.732,51 2.788.612,50 appropriations (uses) ...... (+)/(-) 662 Depreciation of and other amounts written down formation Losses on disposal of fixed assets ...... 663 expenses, intangible and tangible fixed assets ...... 630 1.898.291,94 1.728.655,28 Other extraordinary charges ...... 5.11 664/8 40.387,45 33.040,74 Amounts written down stocks, contracts in progress and trade debtors: Appropriations (write-backs) ...... (+)/(-) 5.10 631/4 Extraordinary charges carried to assets as restructuring costs ...... (-) 669 Provisions for risks and charges: Appropriations (uses and write-backs) ...... (+)/(-) 5.10 635/7 Gain (loss) before taxes ...... (+)/(-) 9903 -469.495,52 -424.864,44 Other operating charges ...... 5.10 640/8 18.128,93 19.725,00 Transfer from deferred taxes ...... 780 Operating charges carried to assets as restructuring costs Transfer to deferred taxes ...... 680 ...... (-) 649 Income taxes ...... (+)/(-) 5.12 67/77 Operating profit (loss) ...... (+)/(-) 9901 -2.198.718,12 -1.943.592,66 Income taxes ...... 670/3 Financial income ...... 75 1.771.158,05 1.583.123,89 Adjustment of income taxes and write-back of tax Income from financial fixed assets ...... 750 provisions ...... 77 Income from current assets ...... 751 Gain (loss) of the period ...... (+)/(-) 9904 -469.495,52 -424.864,44 Other financial income ...... 5.11 752/9 1.771.158,05 1.583.123,89 Transfer from untaxed reserves ...... 789 ...... 689 Financial charges ...... (+)/(-) 5.11 65 1.548,00 1.624,14 Transfer to untaxed reserves Debt charges ...... 650 Gain (loss) to be appropriated ...... (+)/(-) 9905 -469.495,52 -424.864,44 Amounts written down on current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs) ...... (+)/(-) 651 Other financial charges ...... (+)/(-) 652/9 1.548,00 1.624,14 Gain (loss) on ordinary activities before taxes ..... (+)/(-) 9902 -429.108,07 -362.092,91

34 35

First - F20070401 5 / 9 First - F20070401 6 / 9 Explanation of the income and expenditure account Operating charges

Services and miscellaneous goods Operating income

Turnover Table 7 shows the net costs after deduction of the costs transferred to third parties. This growth in costs is mainly due to the increased energy costs, the development and launch Compared to the previous year, the aeronautical revenues rose by nearly 20%. of the Axapta IT project and the airport’s own costs in the renovation of the passenger terminal.

Table 6: Turnover Table 7: Services and miscellaneous goods

2006 2005 2006 2005 Endowment for operating charges 1,561,000.00 1,535,000.00 Costs for vehicles 90,949.43 91,964.21 Aeronautical revenues 1,056,324.25 887,251.75 Chemical products 33,088.04 33,955.13 Non-aeronautical revenues 861,620.22 813,393.84 Maintenance costs buildings 230,141.01 198,091.07 Total 3,478,944.47 3,235,645.59 and installations

Electricity 97,619.18 69,431.62

This increase is mainly due to a rise in the number of passengers from 142,737 in 2005 to Heating 69,003.96 57,926.33 147,849 in 2006. This number is expected to rise even further in 2007 as a result of the Water 17,202.04 27,837.12 further development of the new route between Antwerp and Manchester that was launched late October 2006. Telephone 28,369.40 27,150.19

Office and administration costs 46,082.29 31,535.68 The number of movements, totalling 55,023, remained at a status quo, so that additional revenues from landing and take-off fees contributed only to a limited extent to the rising Industrial clothing 10,867.80 22,565.69 revenues. Freight transport, on the other hand, grew strongly, from 4,664 tonnes in 2005 Advice costs 41,229.20 10,617.00 to 6,825 tonnes in 2006. However, as the largest part of this, about 80%, is transported by truck under airway bill to larger airports, its contribution to the increase in aeronautical Environmental co-ordinator 39,555.07 37,778.88

revenues is limited as well. Promotion 57,894.97 41,583.96

Beaconing 4,682.36 4,995.54 Non-aeronautical revenues have mainly risen as a result of the growing turnover-related revenues from concessions. This increase can be partially explained by the completion of Miscellaneous 1,481.20 845.10 the renovation works to the passenger terminal at the beginning of June 2006. Total 768,165.95 656,277.52

36 37 Salaries, social charges and pensions

Personnel costs have increased more than the indexed amounts due to the fact that a number of employees were replaced, but are still to the debit of the airport’s operating costs.

Extraordinary charges

The heading “Extraordinary Charges” mainly consists of the remuneration paid for the audit that was carried out in the framework of the certification, and of additional staff expenditure from the past.

Cash flow

Table 8: Cash flow

2006 2005

Result for the financial year -469,495.52 -424,864.44

Depreciation and amortisation 1,898,291.94 1,728,655.28

Cash flow 1,428,796.42 1,303,790.84

38 39 Composition Department of Mobility and Public Works Antwerp Airport

Responsible editor Ir. Fernand Desmyter Secretary-General

Graphic design Department of Administrative Affairs Agency for Facility Management Nadia De Braekeler

Printed by Agency for Facility Management Digitale Drukkerij

Photography Jan Swinnen Aviation Society of Antwerp

Catalogue number D/2007/3241/063

Edition June 2007

This annual report can be obtained free of charge from the following address: Luchthaven Antwerpen Katleen Pittevils Luchthavenlei, z/n 2100 Antwerpen Tel.: 03-285.65.11 Fax: 03-285.65.01 The 2005 Annual Report as well as the 2006 Statistical Yearbook can also be obtained here. Nothing from this publication may be reproduced in any form without explicitly mentioning: “Antwerp Airport: 2006 Annual Report”.

40 Antwerp AIRPORT Luchthavenlei, z/n B- 2100 Antwerpen (Deurne) Tel.: 03-285 65 00 Fax: 03-285 65 01