Amadeus IT GroupGroup,, S.A. Auditors’ Report Annual Accounts and Directors’ Report for the year ended December 31, 2013 Amadeus IT Group, S.A. Auditors’ Report for the year ended December 31, 2013 Amadeus IT Group, S.A. Annual Accounts for the year ended December 31, 2013 AMADEUS IT GROUP, S.A. BALANCE SHEET AT DECEMBER 31, 2013 AND 2012 (EXPRESSED IN THOUSANDS OF EUROS - KEUR) ASSETS Note 31/12/2013 31/12/2012 NON ---CURRENT ASSETS 3,634,4 919191 3,670,2 222333 Intangible fixed assets 6 2,154,239 2,245,771 Brands & trademarks 256,550 256,550 Goodwill 1,388,231 1,388,231 Software 7,348 4,151 Intangible rights 502,110 596,839 Tangible fixed assets 7 4,236 3,517 Furniture, office , equipment and other tangible assets 4,236 3,517 Long ---term investments in Group companies and joint ventures 18.2 1,1,1, 319,209 111,296,284 Equity instruments 8.3 899,589 869,144 Loans to companies 419,620 427,140 Long ---term financial investments 8.1 29,2 646464 31, 873 Equity instruments 7,451 6,300 Derivatives 10 876 5, 680 Other financial assets 20,937 19,893 Deferred tax assets 15 .1 113 ,,,287 92,778 Prepaid expenses long ---term 14,256 --- CURRENT ASSETS 808,596 708, 534 Trade debtors and other accounts receivable 318,033 223,27 333 Trade accounts receivable 9.1 179,156 129,648 Accounts receivable - Group companies and joint ventures 18 .2 115,784 70,255 Other accounts receivable 18,883 19,18 8 Employees receivable 385 305 Other accounts receivable from Public Administrations 15 .1 3,825 3,877 Short ---term investments in Group companies and joint ventures 18 .2 25,713 107,335 Loans to companies 22,758 105,691 Other financial assets 2,955 1,644 Short ---term financial investments 8.2 5,651 11, 452 Derivatives 10 4,268 10, 022 Other financial assets 1,383 1,430 Prepaid expenses Short ---term 14,704 9,016 Cash and cash equivalents 444,495 357,458 Cash 45,993 48,870 Other cash equivalents 398,502 308,588 TOTAL ASSETS 4,443,08 777 4,37 888,,,757 Notes 1 to 21 and appendix described in the attached notes to the annual accounts are part of the balance sheet at December 31, 2013 and 2012 AMADEUS IT GROUP, S.A. BALANCE SHEET AT DECEMBER 31, 2013 AND 2012 (EXPRESSED IN THOUSANDS OF EUROS - KEUR) NET EQUITY AND LIABILITIES Note 31/12/2013 31/12/2012 NET EQUITY 11 1,054,420 1,026,1,026,251251 Shareholders' equity 1,045,1,045,000043434343 1,014,1,014,276276 Share capital 42,221 42,221 Additional paid-in capital 40,765 40,765 Reserves 667,621 598,210 Legal reserves 355,502 286,091 Other reserves 312,119 312,119 Retained earnings 211,315 211,009 Net profit/(loss) for the year 315,273 268,155 Interim dividend (231,792) (146,084) Other comprehensive income 6,261 5,771 Available-for-sale financial assets 113 113 Hedges 6,255 5,737 Cumulative translation adjustments (107) (79) Grants received and similar 2,756 6,6,6,2046, 204 NONNON----CURRENTCURRENT LIABILITIES 1,867,716 1,945,1,945,888827272727 LongLong----termterm provisions 12 24,953 30,30,577577 Long-term employees benefit obligations 373 384 Share-based payments provision 2,156 1,272 Other provisions 22,424 28,921 LongLong----termterm liabilities 649,214 755,755,999940404040 Long-term debts with financial institutions and third parties 13 642,903 743,390 Obligations under finance leases 389 378 Derivatives 10 3,562 11,315 Other financial liabilities 2,360 857 LongLong----termterm debts with Group companies and joint ventureventuressss 18.2 745,376 743,743,774774 Deferred tax liabilities 15.1 220,576 246,246,321321 Deferred income longlong----termterm 14 227,597 169,169,215215 CURRENT LIABILITIES 1,520,91,520,951515151 1,406,679 ShortShort----termterm provisions 6,346 2,2,2,4202, 420 ShortShort----termterm liabilities 232,0232,021212121 308,78308,785555 Short -term debts with financial institutions and third parties 13 220,377 304,709 Obligation under finance leases 191 212 Derivatives 10 7,898 983 Other financial liabilities 3,555 2,881 ShortShort----termterm debts with Group companies and joint ventureventuressss 18.2 482,075 504,504,916916 Trade creditors and other accounts payable 770,779 572,369 Trade accounts payable 9.2 279,216 225,467 Accounts payable-Group companies and joint ventures 18.2 476,309 331,058 Other accounts payable 1,943 2,131 Personnel related liabilities 9,903 12,096 Other accounts payable to Public Administrations 15.1 3,408 1,617 Deferred income shortshort----termterm 14 29,730 18,18,189189 TOTAL NET EQUITY AND LIABILITIES 4,443,084,443,087777 4,378,757 Notes 1 to 21 and appendix described in the attached notes to the annual accounts are part of the balance sheet at December 31, 2013 and 2012 AMADEUS IT GROUP, S.A. STATEMENT OF INCINCOMEOME FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 (EXPRESSED IN THOUSANDS OF EUROS - KEUR) Year Year CONTINUING OPERATIONS Note 2013 2012 Net trade revenue 17.1 3,247,183 2,996,074 Services rendered 3,247,183 2,996,074 Less charges to fixed assets 3,519 1,1,1,9851, 985 Other operating income 6,556 1,1,1,8731, 873 Personnel expenses 17.2 (76,857) (((65,(65,65,863)863) Salaries, wages and similar (61,295) (51,597) Social benefits (15,562) (14,266) Other operating expenses (2,797,297) (2,476,760(2,476,760)))) External services (28,128) (25,397) Taxes (178) (192) Losses, impairment and variations in trading provisions (5,721) (7,154) Other operating expenses 17.3 (2,763,270) (2,444,017) Depreciation and amortisation of nonnon----currentcurrent assets 6 & 7 (86,973) (((89,(89,89,183)183) Impairment and gains/(losses) on disposal of nonnon----currentcurrent assets 171717 (((2,(2,2,2,085)085) Impairment and losses 6 - (2,085) Gains/(losses) on disposal of non-current assets 17 - OPERATING PROFIT/(LOSS) 296,148 366,366,041041 Financial income 17.4 121,729 66,453 From equity instruments 112,081 53,329 Group companies and joint ventures 111,366 52,625 Third parties 715 704 From other financial instruments 9,648 13,124 Group companies and joint ventures 9,265 12,413 Third parties 383 711 Financial expenses 17.4 (69,261) (79,(79,557)557) Debts with Group companies and joint ventures (38,560) (38,928) Debts with third parties (30,701) (40,629) Changes in fair value of financial instruments 17.4 (196) 2,2,2,8482, 848 Financial assets held for trading and others (196) 2,848 Exchange rate differences 17.4 2,456 1,1,1,0591, 059 Impairment and gains/(losses) on disposal of financial 17.4 instruments 28,486 1,1,1,1901, 190 Impairment and losses 19,693 (1,211) Gains/(losses) on disposal of financial instruments 8,793 2,401 FINANCIAL PROFIT/(LOPROFIT/(LOSS)SS) 17.4 83,214 (8,(8,(8,007)(8, 007) PROFIT/(LOSS) BEFORE TAX 379,362 358,358,034034 Corporate Income Tax 15.4 (64,089) (89,(89,879)879) NET PROFIT/(LOSS) FFOROR THE YEAR 315,273 268,268,155155 Notes 1 to 21 and appendix described in the attached notes to the annual accounts are part of the statement of income for the years ended December 31, 2013 and 2012 AMADEUS IT GROUP, S.A. STATEMENT OF CHANGES IN NET EQUITY FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 (EXPRESSED IN THOUSANDS OF EUROS - KEUR) A) STATEMENT OF RECOGNIRECOGNISSSSEDED INCOME AND EXPENSEEXPENSESSSS Year Year Note 2013 2012 NET PROFIT/(LOSS) FOR THE YEAR 315,273 268,268,155155 Income and expenses directly recognised in net equity Cash flow hedge 11.4 (4,712) 12,098 Cumulative translation adjustments 11.4 (28) (25) Tax effect 11.4 1,414 (3,629) TOTAL INCOME AND EXPENSES DIRECTLY RECOGNISED IN NET EQUITY (3,326) 8,444 Transfers to the statement of income Cash flow hedge 11.4 5,452 (3,242) Grants received and similar 11.5 (3,448) (6,585) Tax effect 11.4 (1,636) 973 TOTAL TRANSFERS TO THE STATEMENT OF INCOME 368 (((8,854(8,8548,854)))) TOTAL RECOGNRECOGNIIIISEDSED INCOME AND EXPENSES 312,315 267,267,745745 Notes 1 to 21 and appendix described in the attached notes to the annual accounts are part of the statement of changes in net equity for the years ended December 31, 2013 and 2012 AMADEUS IT GROUP, S.A. STATEMENT OF CHANGES IN NET EQUITY FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 (EXPRESSED IN THOUSANDS OF EUROS - KEUR) B) TOTAL STATEMENT OF CHANGES IN NET EQUITY Other Additional paid-in Legal Other Retained Net profit/(loss) Interim comprehensive Grants received Share Capital capital reserves reserves earnings for the year dividend income and similar Total FINAL BALANCE AT DECEMBER 31, 2011 42,221 40,765 216,701 312,098 (6,456) 551,600 (177,327) (404) 12,789 991,987 Total recognised income /(expenses) for the year - - - - - 268,155 - 6,175 (6,585) 267,745 Transactions with shareholders Dividends distribution (Note 11.3) - - - - - (87, 397) (146,084) - - (233,481) Other variations in net equity Appropriation of results - - 69,411 - 217,465 (464,203) 177,327 - - - Transactions with share-based payments - - (21) 21 - - - - - - FINAL BALANCE AT DECEMBER 31, 2012 42,42,221221 40,40,765765 286,091 312,119 211,211,009009 268,268,155155 (146,(146,084)084) 5,775,771111 6,6,6,2046, 204 1,026,251 Total recognised income/(expenses) for the year - - - - - 315,273 - 490 (3,448) 312,315 Transactions with shareholders Dividends distribution (Note 11.3) - - - - - (52,354) (231,792) - - (284,146) Other variations in net equity Appropriation of results - - 69,411 - 306 (215,801) 146,084 - - - FINAL BALANCE AT DECEMBER 31, 2013 42,221 40,765 355,502 312,119 211,211,315315 315,273 (((231,792(231,792231,792)))) 6,261 2,756 1,054,420 Notes 1 to 21 and appendix described in the attached notes to the annual accounts are part of the statement of changes in net equity for the years ended December 31, 2013 and 2012 AMADEUS IT GROUP, S.A.