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

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18 April 2011: sale of Chilean concessions - On 18 April 2011, ACCIONA and the ATLANTIA Group entered into an agreement for the transfer of the ownership interests held by ACCIONA in the following concession companies and their operator: Concesionaria Autopista Vespucio Sur, S.A. (50%); Sociedad Concesionaria Litoral Central, S.A. (50%); and Sociedad de Operación y Logística de Infraestructuras, S.A. (50%). The price agreed upon includes EUR 281.5 million in cash and the subrogation of the buyer to debt amounting to EUR 11.9 million, i.e. an overall amount of EUR 293 million. In addition, the agreement confirms the obligation to pay ACCIONA an outstanding payment for construction work of EUR 11.8 million claimed from the Chilean Ministry of Public Works. 4 May 2011: call of Annual General Meeting - On 4 May 2011, the Company notified the CNMV of the call of the Annual General Meeting scheduled for 8 June 2011 at first call and for 9 June 2011 at second call and of the resolutions proposed. 5 May 2011: proposed resolutions of the shareholders at the Annual General Meeting - On 5 May 2011, the Company sent the full text of the notice calling the General Meeting and of the proposed resolutions that the Board of Directors submitted to the shareholders at the 2011 Annual General Meeting. Point 5 of the agenda, relating to the renewal of the Board of Directors, included the re-election of Belén Villalonga Morenés as an independent director and the appointment of Sol Daurella Comadrán as an independent director. Also, the Company submitted the documentation on the merger by absorption of Grupo Entrecanales, S.A. (GESA), Servicios Urbanos Integrales, S.A. (SEUINSA), Tivafén, S.A., Sole-Shareholder Company (TIVAFÉN) and Ósmosis Internacional, S.A., Sole-Shareholder Company (OSMOSIS) into ACCIONA, the approval of which it was agreed to submit to the shareholders at the Annual General Meeting under point 7 of the agenda. 11 May 2011: Revised text of the Board of Directors Regulations following the amendments approved by the Board of Directors - On 11 May 2011, the Board of Directors resolved to amend certain articles of the Board of Directors Regulations in order to adapt them to the recent legislative changes applicable to the Company, maintaining consistency with the proposed amendments to various rules governing the Company as well as improving the wording in certain matters of corporate governance. - Page 162-
23 May 2011: agreement for the transfer of the car parks concession portfolio to the investment fund EQT Infrastructure Limited - On May 23 2011, ACCIONA and ACCIONA Infraestructuras entered into an agreement to transfer their current operational portfolio of car park concessions, located in Spain (25 car parks in 17 provinces) and Andorra (4 car parks) to the investment fund EQT Infrastructure Limited for a total asset value of EUR 180 million. This sum includes net financial debt of EUR 40 million, working capital and pending investments worth EUR 2 million and a payment of EUR 5 million subject to results. - In addition, and prior to this agreement, ACCIONA Aparcamientos sold to the Brazilian company Horapark Sistema de Estacionamiento Rotativo its 60% stake in Estacionamientos Cinelandia, the owner of a car park in Rio de Janeiro in a transaction worth EUR 10 million, free of debt. 24 May 2011: supplementary information in relation to the agreement to transfer the portfolio of car park concessions - On 24 May 2011, to supplement the Significant Event Communication published on 23 May 2011, ACCIONA reported that the capital gain that would be obtained through the transfer of the operational portfolio of car park concessions would be in the range of EUR 70 million, the amount of which will be established on the definitive conclusion of the transaction. 9 June 2011: Annual General Meeting resolutions - On 9 June 2011, the shareholders at the Annual General Meeting adopted, inter alia, the following resolutions: - To approve a final dividend of EUR 2.03 per share, payable on or after 25 July 2011. - To appoint Sol Daurella Comadrán as an independent director and to re-elect Belén Villalonga Morenés as an independent director. - To approve the grant of shares and purchase option rights thereon to the senior executives of ACCIONA and its Group, including the executive directors, as payment of part of their variable remuneration for 2010, in implementation of the current share-based payment and share option plan. - To approve the plan for the merger by absorption of Grupo Entrecanales, S.A. (GESA), Servicios Urbanos Integrales, S.A. (SEUINSA), Tivafén, S.A. (TIVAFÉN) and Ósmosis Internacional, S.A. (OSMOSIS) (absorbed companies) into ACCIONA (absorbing company), with the dissolution without liquidation of the absorbed companies and the transfer en bloc of all their assets and liabilities to the absorbing company, which would acquire, by universal succession, the rights and obligations of the absorbed companies. - Page 163-
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ACCIONA, S.A. AND SUBSIDIARIES (Con
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17. PROVISIONS 18. BANK BORROWINGS
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Translation of consolidated financi
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Beginning balance at 01/01/10 Adjus
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The Acciona Group's consolidated fi
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The financial statements of jointly
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Standards, amendments and interpret
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3.2 Accounting policies The princip
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The assets and liabilities acquired
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- The infrastructure is operated by
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Goodwill of companies The Acciona G
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The rates used, by division and cou
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- The concession operator receives
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- At fair value when it is possible
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Group policy on hedging: At the inc
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These assets are valued at the cost
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At 31 December 2010, Acciona, S.A.
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For each of the plans, any positive
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Machinery whose useful life exceeds
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The deferred tax assets and liabili
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These assets or disposal groups are
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- The results for tax purposes of t
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At 31 December 2011, the Group comp
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6.- Goodwill The changes in 2010 in
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In 2011, as in 2010, the main addit
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The Acciona Group's interests in as
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- Page 57 - Non-current Current Bal
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In 2011, since the lease expired, t
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At 31 December 2011, the Group comp
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The breakdown, by type of customer,
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c) Treasury shares The changes in 2
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The changes in the balance of this
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Leverage Millions of euros 2011 201
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isks and uncertainties which, inevi
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Provision for other longterm employ
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of obtaining the related waivers, d
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Foreign currency risk 31/12/11 +0.5
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Economic risk vs. budget variances
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In 2011, through its subsidiary Com
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Summary of effects on valuation adj
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22.- Other non-current and current
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On 12 February 2009, this Tribunal
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Reconciliation of the accounting pr
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At 2011 year-end, the period for of
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- Merger by absorption of Grupo Ent
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The detail of the cumulative income
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The breakdown, by geographical area
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27.- Expenses The detail of the Gro
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2011 (thousands of euros) Vessel Da
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2011 Infrastructure Real Estate Ene
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The detail of certain of the Group'
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C) ENERGY. In addition to the costs
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Page 114 and 115: a) For each director belonging to t
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Page 122 and 123: APPENDIX I GROUP COMPANIES The subs
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Page 132 and 133: Group company Auditor Operadora de
Page 136 and 137: APPENDIX II JOINTLY CONTROLLED ENTI
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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
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Page 156 and 157: Thanks to the positive performance
Page 158 and 159: Investments Net investments in 2011
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
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