ACCIONA, S.A. AND SUBSIDIARIES (Consolidated Group ...

C) ENERGY. In addition to the costs initially incurred by the Group in the installation of its
wind farms and other renewable energy production plants, in 2011 the Group incurred
expenses of EUR 20,029 thousand (2010: EUR 2,362 thousand) in relation to
environmental issues. Also, in 2011 investments of EUR 1,443 thousand were made in
projects specifically designed to protect and enhance the environment (2010: EUR 1,011
thousand).
D) WATER AND ENVIRONMENT. The environmental activity expenses recognised
directly in the 2011 consolidated income statement amounted to EUR 4,960 thousand
(2010: EUR 1,097 thousand in relation to Urban Services). In 2011 investments of EUR
1,764 thousand were made.
E) OTHER BUSINESSES. The environmental activity expenses recognised directly in the 2011
consolidated income statement amounted to EUR 1,659 thousand.
32.- Earnings per share
Diluted earnings per share coincide with basic earnings per share, the detail being as follows:
2011 2010
Net profit for the year (thousands of euros) 202,062 167,219
Weighted average number of shares outstanding 59,447,596 61,221,464
Basic earnings per share (euros) 3.40 2.73
33.- Events after the reporting period
On 12 January 2012, the Board of Directors of ACCIONA, S.A. approved the distribution of EUR
1.026 gross per share as an interim dividend to be approved with a charge to 2011 profit by the
shareholders at the forthcoming Annual General Meeting.
The interim dividend payable totals EUR 65,202,300. The appropriate tax withholdings payable
are deducted from this amount. The dividend was paid on 20 January 2012.
34.- Related party transactions
As indicated in these notes to the consolidated financial statements, transactions performed by the
Company with its subsidiaries (related parties) as part of its normal business activities (as regards
their purpose and terms and conditions) have been eliminated on consolidation and are not
disclosed in this Note. Transactions between the Group and its associates are disclosed below.
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