Segment information


An operating segment is a clearly identifiable part of a company that engages in business activities with associated revenues, costs and operating results, and about which separate financial information is available that is regularly reviewed by the Management Board in order to assess the performance of the segment and make decisions about the resources to be allocated to it. Schiphol Group identifies fourteen operating segments, which have been combined into nine segments for reporting purposes in view of the size and characteristics of the operating segments.

Information relating to alliances specifically associated with a particular business area is presented under the segments of that business area. The information relating to other alliances is presented under the reporting segments of the Alliances & Participations business area.

The Management Board and Corporate Treasury review liabilities and financial income and expenses at group level rather than segment level. The same rationale applies to the incomes taxes which are also reviewed and monitored at group level rather than at segment level. Transactions between the segments have been consistently conducted at arm’s length over the years. Group overhead costs are allocated to the segments largely on the basis of their relative share in the direct costs of Schiphol Group. The system of allocations and settlements has been applied consistently over the past years.

Since Schiphol Group’s current activities are concentrated almost entirely in the Netherlands (approximately 99% of consolidated revenue in 2018), there is no geographical segmentation. Around 31% (approx. 473 million euros) of revenue relates to one external customer and is generated primarily in the Aviation and Security segments.

Aviation

The Aviation business area operates at Amsterdam Airport Schiphol and provides services and facilities to airlines, passengers and handling agents. It is subdivided into two segments: Aviation and Security. Aviation generates most of its revenue from airport charges (charges related to aircraft and passengers) and concession fees (paid by oil companies for the provision of aircraft refuelling services). The source of revenue for Security consists of airport charges (security-related charges).

Consumer Products & Services

The activities of the Consumer Products & Services business area consist of granting and managing concessions for shops, food and beverages and service outlets (Concessions segment, generating variable revenue from concessions and fixed revenue from leasing retail locations), operating car parks (Parking segment, generating revenue from parking charges) and advertising opportunities at Amsterdam Airport Schiphol (Other segment, generating revenue from providing advertising space). Only the majority of parking revenues comes from passengers and visitors to the airport directly (business to consumers), with a minor part being generated online through parking space being reserved ahead. All other revenues, including the revenues from the other reporting segments, come from services to other companies (business to business).

Real Estate

The Real Estate business area, which is also a segment, develops, manages, operates and invests in property at and around domestic and foreign airports. The major part of the portfolio, comprising both airport buildings and commercial properties, is located at and around Amsterdam Airport Schiphol. Sources of revenue include income from developing and leasing out land and buildings. The business area also makes a major contribution to Schiphol Group results with other income from property (sales, fair value gains or losses on property and granting land leases).

Alliances & Participations

The Alliances & Participations business area comprises the Domestic Airports, International Airports and Other Participations segments. Airport charges and parking charges are the main sources of revenue of the regional airports (Rotterdam The Hague, Eindhoven and Lelystad). The airports abroad contribute to the group result through their results and dividends as accounted for in share in results and through the interest paid on loans. This includes stakes in Groupe ADP and Brisbane Airport Corporation Holdings Ltd. The stake in JFKIAT Member LLC is recognised as a contract-related asset and contributes to the group result through management fees that are recognised as part of revenue from other activities. The other participations segment consists of, among others, Schiphol Telematics and Utilities. Schiphol Telematics provides telecommunication services at and around the airport. Utilities generates revenue from the transmission of electricity and gas and from the supply of water.

2018

(in thousands of euros)

Aviation

Consumer Products & Services

Real Estate

Alliances & Participations

Total

Airport charges

821,438

-

-

68,849

890,287

Concessions

15,660

186,008

1,168

9,336

212,172

Rent and leases

304

17,761

171,701

4,510

194,277

Parking fees

-

100,860

4,874

20,723

126,457

Other activities

35,984

33,674

4,408

100,322

174,388

Total revenue

873,386

338,304

182,151

203,741

1,597,581

Intercompany revenue

-2,248

-2,240

-26,622

-57,483

-88,593

Revenue

871,138

336,064

155,529

146,258

1,508,988

Other income and results from investment property

-

-

104,049

2,915

106,964

Depreciation and amortisation1

-192,055

-31,316

-20,465

-24,810

-268,646

Impairment

-

-

2,300

-

2,300

Operating profit

-39,148

209,372

172,377

25,524

368,125

Share in results of associates2

908

813

7,118

95,625

104,464

Total assets

2,984,483

496,324

2,418,659

1,454,491

7,353,957

Total non-current assets (excl. deferred tax)

2,596,850

431,860

2,104,518

1,263,628

6,396,856

Investments in associates and other financial interests

3,492

18,654

96,400

838,848

957,395

Capital expenditure3

360,558

86,287

69,204

64,554

580,602

  • This amount is excluding expected credit losses
  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
  • These capital expenditures include assets under construction for operating activities, investment properties and intangible fixed assets.
2017

(in thousands of euros)

Aviation

Consumer Products & Services

Real Estate

Alliances & Participations

Total

Airport charges

769,367

-

-

62,645

832,012

Concessions

15,186

181,160

1,275

8,209

205,830

Rent and leases

253

17,212

168,124

4,803

190,392

Parking fees

-

102,499

4,402

18,612

125,513

Other activities

31,443

30,197

33,389

89,788

184,817

Total revenue

816,249

331,068

207,190

184,057

1,538,564

Intercompany revenue

-1,826

-2,002

-30,722

-46,472

-81,022

Revenue

814,423

329,066

176,468

137,585

1,457,542

Other income and results from investment property

-

-

67,830

12,604

80,434

Depreciation and amortisation

-188,797

-29,751

-24,527

-20,640

-263,715

Impairment

-

-

-

-

-

Operating profit

-38,876

216,373

138,295

42,869

358,661

Share in results of associates1

868

501

1,711

77,641

80,721

Total assets

2,717,847

415,099

2,172,595

1,349,451

6,654,992

Total non-current assets (excl. deferred tax)

2,417,016

369,152

1,932,375

1,176,942

5,895,485

Investments in associates and other financial interests

3,339

19,770

94,727

803,481

921,317

Capital expenditure2

301,217

53,566

51,297

83,720

489,800

  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
  • These capital expenditures include assets under construction for operating activities, investment properties and intangible fixed assets.
Aviation

(in thousands of euros)

Aviation

Security

Total

2018

2017

2018

2017

2018

2017

Airport charges

503,541

480,512

317,897

288,855

821,438

769,367

Concessions

15,660

15,186

-

-

15,660

15,186

Rent and leases

94

91

210

162

304

253

Other activities

29,825

27,238

6,159

4,205

35,984

31,443

Total revenue

549,120

523,027

324,266

293,222

873,386

816,249

Intercompany revenue

-1,386

-1,146

-862

-680

-2,248

-1,826

Revenue

547,734

521,881

323,404

292,542

871,138

814,423

Depreciation and amortisation

-149,264

-146,823

-42,791

-41,974

-192,055

-188,797

Operating profit

-20,515

-12,770

-18,633

-26,106

-39,148

-38,876

Share in results of associates1

908

868

-

-

908

868

Total assets

2,607,327

2,349,616

377,155

368,231

2,984,483

2,717,847

Total non-current assets (excl. deferred tax)

2,268,681

2,089,544

328,169

327,472

2,596,850

2,417,016

Investments in associates and other financial interests

3,492

3,339

-

-

3,492

3,339

Capital expenditure

317,363

262,279

43,195

38,938

360,558

301,217

  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
Consumer Products & Services

Concessions

Parking

Other

Total

(in thousands of euros)

2018

2017

2018

2017

2018

2017

2018

2017

Concessions

178,960

175,063

7,048

6,097

-

-

186,008

181,160

Rent and leases

17,258

16,780

503

432

-

-

17,761

17,212

Parking fees

-

-

100,860

102,499

-

-

100,860

102,499

Other activities

975

281

1,736

1,952

30,964

27,964

33,674

30,197

Total revenue

197,192

192,124

110,147

110,980

30,964

27,964

338,304

331,068

Intercompany revenue

-393

-428

-1,613

-1,367

-233

-207

-2,240

-2,002

Revenue

196,799

191,696

108,534

109,613

30,731

27,757

336,064

329,066

Depreciation and amortisation

-14,575

-13,870

-13,619

-12,794

-3,122

-3,087

-31,316

-29,751

Operating profit

147,064

147,901

52,793

59,686

9,515

8,786

209,372

216,373

Share in results of associates1

813

501

-

-

-

-

813

501

Total assets

223,702

183,704

253,970

213,541

18,652

17,854

496,324

415,099

Total non-current assets (excl. deferred tax)

194,647

163,371

220,983

189,904

16,229

15,877

431,860

369,152

Investments in associates and other financial interests

18,654

19,770

-

-

-

-

18,654

19,770

Capital expenditure

42,598

17,192

41,303

34,307

2,386

2,067

86,287

53,566

  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
Real Estate

(in thousands of euros)

2018

2017

Concessions

1,168

1,275

Rent and leases

171,701

168,124

Parking fees

4,874

4,402

Other activities

4,408

33,389

Total revenue

182,151

207,190

Intercompany revenue

-26,622

-30,722

Revenue

155,529

176,468

Other income and results from investment property

104,049

67,830

Depreciation and amortisation

-20,465

-24,527

Impairment

2,300

-

Operating profit

172,377

138,295

Share in results of associates1

7,118

1,711

Total assets

2,418,659

2,172,595

Total non-current assets (excl. deferred tax)

2,104,518

1,932,375

Investments in associates and other financial interests

96,400

94,727

Capital expenditure

69,204

51,297

  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
Alliances & Participations

International airports

Domestic airports

Other subsidiaries

Total

(in thousands of euros)

2018

2017

2018

2017

2018

2017

2018

2017

Airport charges

-

-

68,849

62,645

-

-

68,849

62,645

Concessions

-

-

9,336

8,209

-

-

9,336

8,209

Rent and leases

-

-

4,506

4,797

4

6

4,510

4,803

Parking fees

-

-

20,723

18,612

-

-

20,723

18,612

Other activities

11,843

13,062

7,946

5,311

80,5341

71,415

100,322

89,788

Total revenue

11,843

13,062

111,361

99,574

80,538

71,421

203,741

184,057

Intercompany revenue

-66

-3

-1,481

-1,621

-55,936

-44,848

-57,483

-46,472

Revenue

11,776

13,059

109,879

97,953

24,602

26,573

146,258

137,585

Other income and results from investment property

-

11,918

2,915

686

-

-

2,915

12,604

Depreciation and amortisation

-1,311

-1,365

-11,006

-10,361

-12,492

-8,914

-24,810

-20,640

Operating profit

8,009

21,829

18,688

16,364

-1,174

4,676

25,524

42,869

Share in results of associates2

95,154

76,642

-

-

470

999

95,625

77,641

Total assets

1,070,763

1,026,822

306,588

261,562

77,140

61,067

1,454,491

1,349,451

Total non-current assets (excl. deferred tax)

929,874

912,473

266,633

232,610

67,121

31,859

1,263,628

1,176,942

Investments in associates and other financial interests

835,572

800,878

-

-

3,277

2,603

838,848

803,481

Capital expenditure

-

-

40,536

70,167

24,018

13,553

64,554

83,720

  • The other activities include revenues from Utilities (supply of gas, electricity and water) and telecommunication services.
  • The share in results of associates and joint ventures includes the share in profit of associates and joint ventures presented as such in the profit and loss account and the share of interest income presented as part of financial income and expenses that is attributable to investments in and receivables on associates.
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Notes to the consolidated statement of income