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

Recommendations

Info

36.- Other disclosures concerning the Board of Directors Pursuant to Articles 229.2 and 229.3 of Legislative Royal Decree 1/2010, of 2 July, approving the Consolidated Spanish Limited Liability Companies Law, in order to reinforce the transparency of limited liability companies and disclose any conflicts of interest, the following information is set forth below. At 31 December 2011, per the information available to the Company, and except as stated below, the members of the Board of Directors and persons related thereto, in accordance with the definition of related persons contained in Article 231 of the Spanish Limited Liability Companies Law: - Did not own any holdings in the share capital of companies engaging in an activity that is identical, similar or complementary to the activity that constitutes the company object of the Group companies, and did not hold any positions or discharge any duties thereat. - Had not carried on, and do not carry on at present, as employees or as independent professionals, any activities that are identical, similar or complementary to the activity that constitutes the company object of the Group companies. With respect to the aforementioned holdings, positions, duties and activities, the following information was furnished to the Company: Holdings and positions in companies not belonging to the Acciona Group: Director Company Entrecanales Franco, Juan Ignacio Entrecanales Domecq, Daniel Entrecanales Franco, Javier Nexotel Adeje, S.A. Hef Inversora, S.A. Entreriver, S.A. Fractalia Remote System, S.L. Nexotel Adeje, S.A. Hef Inversora, S.A. - Page 119 - No. of Shares/ % of Ownership 1.30% 1.46% 99.99% -- 1.30% 1.46% Position CEO acting jointly Director Director acting severally Director -- Director Line of Business Hospitality Real estate Real estate Services Hospitality Real estate Also, pursuant to Article 231.1, in relation to Article 229.2 of the Consolidated Limited Liability Companies Law, following is a detail of the duties discharged by persons related to the director Fernando Rodés Vila in companies engaging in an activity which is similar or complementary: Director Company Position Leopoldo Rodés Castañé (for La Caixa) Abertis Infraestructuras, S.A. Director
37.- Late payments Disclosures on the payment periods to suppliers. Additional Provision Three. "Disclosure Obligations” of Law 15/2010, of 5 July. Law 15/2010, of 5 July, amending Law 3/2004, of 29 December, on combating late payment in commercial transactions indicates that “Companies should expressly disclose payment periods to suppliers in the notes to their financial statements”. The Spanish Accounting and Audit Institute (ICAC) Resolution of 29 December 2010 sets out the information to be included in the notes to financial statements in order to comply with Law 15/2010, a detail of which is as follows (in thousands of euros): Payments made and payments outstanding at the balance sheet date 2011 Amount % Within the maximum payment period 3,006,842 92% Other 259,644 8% Total payments for the year 3,266,486 100% Maximum payment period exceeded by (days) 42 Payments at 31 December 2011 which exceed the maximum payment period 62,811 Weighted average period of late payment was calculated as the quotient whose numerator is the result of multiplying the payments made to suppliers outside the maximum payment period by the number of days of late payment and whose denominator is the total amount of the payments made in the year outside the maximum payment period. Based on the provisions of Standard Three of the aforementioned Resolution, applicable only to the Spanish companies in the consolidated group, at 31 December 2010 there was a cumulative “Trade Payables” balance of EUR 93,398 thousand, which was past due by more than the legally stipulated period. 38.- Explanation added for translation to English These consolidated financial statements are presented on the basis of the regulatory financial reporting framework applicable to the Group (see Note 2-1). Certain accounting practices applied by the Group that conform with that regulatory framework may not conform with other generally accepted accounting principles and rules. - Page 120 -
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 116 and 117: Beneficiaries: those persons who, a
Page 118 and 119: Vicente Santamaría de Paredes Cast
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?