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

Recommendations

Info

Beneficiaries: those persons who, at the time the shares are allocated, hold the position of Chief Executive Officer, General Manager or Area Manager of the Acciona Group. Annual share-based bonus. The number of shares composing the share-based bonus for each beneficiary will be determined by the Company's Board of Directors at the proposal of the Nomination and Remuneration Committee in March of each year. The share-based bonus of each beneficiary cannot exceed (a) EUR 150,000 or (b) 50% of the beneficiary's annual variable cash remuneration. The highest share-based bonus in a given year cannot exceed three times the value of the lowest bonus for that year. Share/option exchange ratio and partial substitution of shares by options and vice versa. Once the annual share-based bonus is established, the Company's Board of Directors will establish a fixed share/option exchange ratio. The beneficiary may decide to substitute a portion of the shares assigned, not exceeding fifty per cent (50%), by options. Shares available for the Plan: the maximum number of shares that can be delivered under the Plan over the four-year period (2009, 2010, 2011 and 2012) will be 265,000 including those assigned but exchanged for options at the beneficiaries' discretion. Annual delivery date: the share-based bonus will be delivered to the beneficiaries within thirty (30) calendar days following the date of the Annual General Meeting, at the date established by the Board of Directors or its delegated bodies. For beneficiaries who are Company directors delivery of the corresponding shares (and, if applicable, options) will be subject to the approval of the shareholders at the Annual General Meeting in accordance with that provided in the Consolidated Spanish Public Limited Liability Companies Law. Rights on shares: the shares will entitle the beneficiary to the dividend and voting rights corresponding thereto as from the date of delivery. Restricted use of the shares: the beneficiaries cannot dispose of, encumber or grant any option on the shares prior to 31 March of the third year following the year in which the corresponding shares were delivered to the beneficiary as payment of the bonus in the form of shares. Grant of a purchase option to the Company: the beneficiary grants the Company a purchase option on the shares delivered to him until 31 March of the third year following the year of delivery, at a price of EUR 0.01 per share. This option can only be exercised by the Company if the employment, civil or independent contractor relationship is interrupted or extinguished under certain conditions. Option regime: each option will entitle the beneficiary to receive one of the Company's ordinary shares in exchange for payment of the share price established for the exercise of the option or in exchange for payment of the price arising from monetary settlement due to differences between the option value and the share value at the date the option is exercised. If the employment, civil or independent contractor relationship has not been interrupted or extinguished - Page 115 -
under certain conditions, all or some of the options granted in a given year under the Plan can be exercised on one or several occasions within a three-year period elapsing either on (a) 31 March of the third calendar year following that in which they were assigned, or (b) 31 March of the third year subsequent to the beginning of the exercise period. Under this Plan, 49,324 shares and 48,332 purchase option rights on Acciona, S.A. shares were granted in 2011 to the Group’s senior executives, including the shares and options granted to the executive directors which were described in Note 35-A, “Board of Directors”. The options granted entitle the beneficiary to acquire the same number of shares at a price per share of EUR 53 and can be exercised from 31 March 2014 to 31 March 2017. The detail of the persons who held senior management positions in 2011 is as follows: Name Position Jesús Alcázar Viela General Manager – Acciona Latin America Infrastructure Area Isabel Antúnez Cid General Manager – Acciona Real Estate Area Carmen Becerril Martínez Chairman - Acciona Energy Raúl Beltrán Núñez Internal Audit Manager - Acciona Pío Cabanillas Alonso General Manager of Corporate Image and Global Marketing Alfonso Callejo Martínez General Manager – Corporate Resources Macarena Carrión López de la Garma General Manager – Chairman’s Office Area Luis Castilla Cámara Chairman - Acciona Water Adalberto Claudio Vázquez General Manager – Acciona International Construction Infrastructures and Concessions Area Juan Manuel Cruz Palacios General Manager – Human Resources Administration Area Arantza Ezpeleta Puras General Manager – International Development Area José María Farto Paz General Manager - Acciona Infrastructure Area 3 Juan Gallardo Cruces General Manager - Economy and Finance Albert Francis Gelardin General Manager - International Area Joaquín Eduardo Gómez Díaz General Manager – Acciona Infrastructure Studies and Contracts Area Antonio Grávalos Esteban General Manager - Acciona Trasmediterránea Area Carlos López Fernández General Manager – Acciona Engineering and Facilities Area Pedro Martínez Martínez Chairman - Acciona Infrastructure Rafael Mateo Alcalá General Manager - Acciona Energy Alberto de Miguel Ichaso General Manager – Acciona Energy Strategy and New Businesses Ricardo Luis Molina Oltra General Manager – Other Businesses Area Joaquín Mollinedo Chocano General Manager - Institutional Relations Juan Antonio Muro-Lara Girod General Manager - Corporate Development and Investor Relations Carlos Navas García General Manager - Acciona Airport Services Area Robert Park General Manager – Canada Area Javier Pérez-Villamil Moreno General Manager - Acciona Infrastructure Area 1 Joraslaw Popiolek General Manager – Poland Area Félix Rivas Anoro General Manager of Innovation, Quality and Purchases Area Pedro Santiago Ruiz Osta General Manager - Acciona Windpower Juan Andrés Sáez Elegido General Manager - Communications - Page 116 -
Page 1:
ACCIONA, S.A. AND SUBSIDIARIES (Con
Page 4 and 5:
17. PROVISIONS 18. BANK BORROWINGS
Page 6 and 7:
Translation of consolidated financi
Page 8 and 9:
Page 10 and 11:
Beginning balance at 01/01/10 Adjus
Page 12 and 13:
Page 14 and 15:
The Acciona Group's consolidated fi
Page 16 and 17:
The financial statements of jointly
Page 18 and 19:
Standards, amendments and interpret
Page 20 and 21:
3.2 Accounting policies The princip
Page 22 and 23:
The assets and liabilities acquired
Page 24 and 25:
- The infrastructure is operated by
Page 26 and 27:
Goodwill of companies The Acciona G
Page 28 and 29:
The rates used, by division and cou
Page 30 and 31:
- The concession operator receives
Page 32 and 33:
- At fair value when it is possible
Page 34 and 35:
Group policy on hedging: At the inc
Page 36 and 37:
These assets are valued at the cost
Page 38 and 39:
At 31 December 2010, Acciona, S.A.
Page 40 and 41:
For each of the plans, any positive
Page 42 and 43:
Machinery whose useful life exceeds
Page 44 and 45:
The deferred tax assets and liabili
Page 46 and 47:
These assets or disposal groups are
Page 48 and 49:
- The results for tax purposes of t
Page 50 and 51:
At 31 December 2011, the Group comp
Page 52 and 53:
6.- Goodwill The changes in 2010 in
Page 54 and 55:
In 2011, as in 2010, the main addit
Page 56 and 57:
The Acciona Group's interests in as
Page 58 and 59:
- Page 57 - Non-current Current Bal
Page 60 and 61:
In 2011, since the lease expired, t
Page 62 and 63:
At 31 December 2011, the Group comp
Page 64 and 65:
The breakdown, by type of customer,
Page 66 and 67: c) Treasury shares The changes in 2
Page 68 and 69: The changes in the balance of this
Page 70 and 71: Leverage Millions of euros 2011 201
Page 72 and 73: isks and uncertainties which, inevi
Page 74 and 75: Provision for other longterm employ
Page 76 and 77: of obtaining the related waivers, d
Page 78 and 79: Foreign currency risk 31/12/11 +0.5
Page 80 and 81: Economic risk vs. budget variances
Page 82 and 83: In 2011, through its subsidiary Com
Page 84 and 85: Summary of effects on valuation adj
Page 86 and 87: 22.- Other non-current and current
Page 88 and 89: On 12 February 2009, this Tribunal
Page 90 and 91: Reconciliation of the accounting pr
Page 92 and 93: At 2011 year-end, the period for of
Page 94 and 95: - Merger by absorption of Grupo Ent
Page 96 and 97: The detail of the cumulative income
Page 98 and 99: The breakdown, by geographical area
Page 100 and 101: 27.- Expenses The detail of the Gro
Page 102 and 103: 2011 (thousands of euros) Vessel Da
Page 104 and 105: 2011 Infrastructure Real Estate Ene
Page 106 and 107: The detail of certain of the Group'
Page 108 and 109: C) ENERGY. In addition to the costs
Page 110 and 111: Expenses and income Significant sha
Page 112 and 113: 35.- Remuneration and other benefit
Page 114 and 115: a) For each director belonging to t
Page 118 and 119: Vicente Santamaría de Paredes Cast
Page 120 and 121: 36.- Other disclosures concerning t
Page 122 and 123: APPENDIX I GROUP COMPANIES The subs
Page 124 and 125: Group company Auditor Location Main
Page 132 and 133: Group company Auditor Operadora de
Page 136 and 137: APPENDIX II JOINTLY CONTROLLED ENTI
Page 142 and 143: Company Location Main business line
Page 144 and 145: APPENDIX V DETAIL OF CONSOLIDATED R
Page 146 and 147: Translation of a report originally
Page 148 and 149: % EBITDA Jan-Dec 10 Jan-Dec 11 Ener
Page 150 and 151: - The volume of business of the Rea
Page 152 and 153: ACCIONA Energy’s revenue increase
Page 154 and 155: Acciona Real Estate (Millions of eu
Page 156 and 157: Thanks to the positive performance
Page 158 and 159: Investments Net investments in 2011
Page 160 and 161: 18 April 2011: sale of Chilean conc
Page 162 and 163: 30 June 2011: ACCIONA submitted the
Page 164 and 165: Stock Market Data Share Capital Pri
Page 166 and 167:
Before a decision is made to invest
Page 168 and 169:
enhance environmental efficiency. I
Page 170 and 171:
166 ongoing R&D+i projects were con
Page 172 and 173:
However, the fall in growth has bee
Page 174 and 175:
For the purposes of Royal Decree 13
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?