Advanced Inflight Alliance AG

(PresseBox) ( München, )
- Approval of financial statements 2009
- Moderate Growth
- Dividend Increase

The Supervisory Board of the Advanced Inflight Alliance AG (ISIN DE0001262186, WKN 126218, München) approved the financial statements of 2009 of the Advanced Inflight Alliance AG and the Advanced Inflight Alliance Group on April 27th, 2010. Both, the Executive Board and Supervisory Board agreed to propose a dividend of 0.10 EUR, which means an increase of 0.02 EUR to the previous year to the Annual General Meeting in Munich on 7th June 2010.

Revenues of the Advanced Inflight Alliance Group increased from EUR thsd. 107,408 in 2008 to EUR thsd. 108,051 in 2009.

As announced in February 2010, a correction was made to the consolidated financial statement of 2008 in accordance with IAS 8 due to bonus entitlements left unconsidered. After correction the AIA Group's annual surplus for 2008 amounted to EUR thsd. 6,042 (before adjustments in accordance with IAS 8: EUR thsd. 6,831). In the following comments, all 2008 figures are quoted after the IAS 8 adjustment referred to above.

In 2009 the group EBITDA adjusted for foreign currency effects increased from EUR thsd. 11,184 in 2008 to EUR thsd. 11,980 (EBITDA including foreign currency effects 2009: EUR thsd. 11,735; 2008: EUR thsd. 12,811)

The group net income for the year, after adjustment of foreign currency effects, was EUR thsd. 4,877 in 2009, EUR thsd. 4,952 in 2008 (the group net income including foreign currency effects was EUR thsd. 4,713 in 2009, EUR thsd. 6,042 in 2008).

Extraordinary depreciation on old film assets of EUR thsd. 1,696 is affecting the group net income with a residual book value of EUR thsd. 490.

The undiluted earnings per share were EUR 0.33 and adjusted for the extraordinary depreciations on old film assets were EUR 0.44.
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