Spreadsheet: 01251afe-0d4f-418d-be1c-3533c63f9975
Sheet: glossary

 | Available in English only
 | Aircraft Movement – An aircraft take-off or landing at an airport. For
 | airport traffic purposes one arrival and one departure are counted as
 | two movements, measured over the course of a year.
 | Capital Expenditure - (CAPEX) – Funds used by a airport operator to acquire
 | or upgrade physical assets such as property, industrial buildings or equipment.
 | This type of outlay is made by companies to maintain or increase the scope of their
 | operations and allocated for specific time period. These expenditures can include
 | everything from repairing a roof to building a new terminal building or runway.
 | Cash – In accounting contexts, cash on hand (e.g., petty cash and cash not yet
 | deposited to the bank) and demand deposits held in banks and similar accounts
 | that can be used in payment of obligations.In accounting contexts, cash on hand
 | (e.g., petty cash and cash not yet deposited to the bank) and demand deposits
 | held in banks and similar accounts that can be used in payment of obligations.
 | Cash equivalents  – Very liquid short-term investments, usually maturing
 | in 90 days or less.
 | Current assets – Assets that are expected to be consumed or converted
 | into cash in the near future, typically one year or less.
 | Current liabilities  Short-term obligations—such as accounts payable, wages
 | payable, or accrued liabilities—that are expected to be settled in the near future,
 | typically one year or less.
 | Debt Service – Principal plus interest paid or to be paid over the life of
 | a particular debt instrument, or within a particular reporting period.
 | Fixed Assets  – consist of land, buildings (e.g. runways, terminals, etc.), machinery,
 | tools and equipment of all kinds, trucks, furnishings and so on used in the day-to-day
 | operations of a business. Unlike current assets which are converted by successive steps
 | into cash, the value of fixed assets to a company lies in their use in producing goods and
 | services for sale, rather than their sale value. The expected benefits of the asset usually
 | extend beyond a year and they are not intended for immediate sale.
 | Freight (or mail) – Freight or mail loaded or unloaded at the airport,
 | measured in the same way that enplaning and deplaning passengers
 | are measured.
 | Gate – Aircraft parking position on the terminal ramp (apron) usually
 | connected to the terminal by a loading bridge. Gates are typically
 | defined to include positions large enough for narrowbody or larger
 | aircraft; smaller positions used for regional jets or turboprops are
 | typically counted separately.
 | Ground handling
 | Fees charged by the airport company for passenger and ground
 | handling services such as passenger check-in, loading and unloading
 | of baggage and freight, aircraft servicing (e.g. aircraft cleaning).
 | Excludes fuelling charges. Ground handling infrastructure are fees
 | charged by the airport company for the use of baggage handling and cargo
 | handling systems and infrastructure or similar.
 | Landing charges/fees – Fees charged to aircraft owners and operators for the
 | use of runways, taxiways, landing strips, runway protection zones, and
 | clearways. Does not include fees for parking aircraft.
 | Maintenance refers to any one or combination of overhaul, repair, inspection,
 | replacement, preservation, modification or defect rectification of airport infrastructure
 | (excludes contracted services).
 | Management
 | Managing directors and chief executives formulate and review the policies and plan,
 | direct coordinate and evaluate the overall activities of enterprises or organizations
 | (except special interest organizations and government departments) with the support of
 | other managers, usually within guidelines established by a board of directors or a governing
 | body to whom they are answerable for the operations undertaken and results.
 | Tasks include -
 | (a)  planning, directing and coordinating the general functioning of an enterprise or organization;
 | (b)  reviewing the operations and results of the enterprise, or organization and reporting to boards of directors
 | and governing bodies;
 | (c)  determining objectives, strategies, policies and programs for the enterprise or organization;
 | (d)  providing overall leadership and management to the enterprise or organization;
 | (e)  establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources;
 | (f)   authorising material, human and financial resources to implement organizational policies and programs;
 | (g)  monitoring and evaluating performance of the organization or enterprise against established objectives and
 | policies;
 | (h)  consulting with senior subordinate staff and reviewing recommendations and reports;
 | (i)  representing the organization at official occasions and board meetings, in negotiations, at conventions,
 | seminars, public hearings and forums;
 | (j)   selecting, or approving the selection of senior staff;
 | (k)  ensuring the organization complies with relevant legislation and regulations
 | Administrative and commercial managers
 | Plan, organize, direct, control and coordinate the financial, administrative, human resource, policy, planning,
 | research and development, advertising, public relations, and sales and marketing activities of enterprises
 | and organizations, or of enterprises that provide such services to other enterprises and organizations.
 | Tasks include formulating and administering policy advice, strategic and financial planning;
 | establishing and directing operational and administrative procedures; implementing, monitoring and
 | evaluating strategies and policies; providing advice to senior Managers; directing the development of
 | initiatives for new products, marketing, public relations and advertising campaigns;
 | Note: Management and supervisory positions for specialized functions in Ground handling services,
 | Rescue and fire service, Car parking services, Cleaning services, Maintenance services, Air traffic
 | control services, Passenger security services, Concession services (shops, F&B, etc.) and Runway,
 | taxiway, apron operations should be recorded under items 5.1.2 to 5.1.11
 | Noncurrent assets –  Assets that are expected to benefit the company over an
 | extended period of time (usually more than one year).
 | Operating aeronautical revenue – Airport income from aeronautical
 | uses by airlines, aircraft owners and FBOs, measured on a net basis
 | after discounts and incentives. Includes charges such as aircraft
 | landing and takeoff fees, aircraft parking charges, passenger service
 | fees, security charges, and in the U.S., terminal rental charges
 | imposed in lieu of passenger charges. Includes ground handling user
 | fees which are a significant source of aeronautical revenue at some
 | airports.
 | Operating expenses – Ordinary airport operating costs, including
 | the following: personnel compensation and benefits, communications
 | and utilities, repairs and maintenance, marketing, advertising and
 | promotion, supplies and materials, contractual services, insurance,
 | claims, and settlements. Includes administrative costs and allocated
 | overhead costs. Excludes non-operating costs such as debt service
 | and depreciation.
 | Operating non-aeronautical revenue – Airport operating income
 | that is not derived from the aeronautical use of the airport. Includes
 | revenues from land rental and non-terminal facilities, concessions for
 | food & beverage, retail, and advertising, rental cars, public and
 | employee parking, hotel and ground transportation.
 | Non-operating expenses – Expenses for activities not relating to the core
 | operations of the airport, such as interest charges, pension
 | contributions, capital distributions, extraordinary losses, and taxes.
 | Passengers – Enplaning (embarking) and deplaning (disembarking)
 | passengers at an airport, including passengers who are continuing
 | their air journey. Excludes passengers who remain onboard and are
 | continuing their journey.
 | Return on invested capital (ROIC) – The after-tax net operating profits
 | as a percent of total assets.
 | Return on capital employed (ROCE) – Operating surplus (EBIDTA)
 | as a percent of (Total assets - Current liabilities).
 | Runway - a defined rectangular area on a land aerodrome prepared for the landing
 | and take-off of aircraft.
 | Terminal - the part of an aerodrome used for embarking or disembarking passengers or cargo.
 |  | Domestic: terminal used primarily for domestic flights
 |  | (i.e. having exclusively domestic stages).
 |  | International: terminal used primarily for international flights
 |  | (i.e. flights that contain one or more international flight stages).
 | Total Operating Revenue – The sum of Aeronautical and Nonaeronautical
 | operating revenue.
 | Weighted-average cost of capital – A weighted average of the after-tax required rates of
 | return on a company’s common stock, preferred stock, and long-term debt, where the weights
 | are the fraction of each source of financing in the company’s target capital structure.