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

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30 June 2011: ACCIONA submitted the full text of the General Meeting Regulations following the amendments approved by the shareholders at the Annual General Meeting - On 30 June 2011, ACCIONA submitted the full text of the General Meeting Regulations incorporating the amendments approved by the shareholders at the Annual General Meeting held on 9 June 2011, adapting them to the recent legislative changes applicable to ACCIONA. 1 July 2011: closure of the Chilean concessions transaction - On 1 July 2011, to supplement the Significant Event Communication published on 18 April, once the conditions precedent had been fulfilled, ACCIONA reported that it had closed the transaction to sell the ownership interests that it held in the following concession companies and their operator: Concesionaria Autopista Vespucio Sur (50%); Sociedad Concesionaria Litoral Central (50%); and Sociedad de Operación y Logística de Infraestructuras (50%) under the terms and concessions indicated in the aforementioned Significant Event Communication published on 18 April. 15 July 2011: shareholders agreement - On 15 July 2011, to supplement the Significant Event Communication published on 24 March making public the approval of the plan to merge Grupo Entrecanales, S.A. and subsidiaries into ACCIONA, the Company reported the shareholders agreement relating to ACCIONA shares entered into by its two reference shareholders. 22 September 2011: composition of the Board of Directors - On 22 September ACCIONA made public the resignation tendered by the director Juan C. Entrecanales de Azcarate and the appointment of Javier Entrecanales Franco to replace him. 7 October 2011: sale of the Splau! shopping centre - On 7 October ACCIONA announced the formalisation of the sale of the Splau! shopping centre in Cornellá (Barcelona) to the real estate group Unibail-Rodamco for EUR 185 million. 3 November 2011: approved amendments to the Board of Directors Regulations and renewal of the composition of the various Board Committees - On 3 November ACCIONA reported the approved amendments to the Board of Directors Regulations. The paragraphs amended are now worded as follows: - Page 164-
Dividend - Paragraph 2 of Article 28.1: Each of the Advisory Committees shall have a Chairman designated from among its members. The Chairmen of the Audit and Nomination and Remuneration Committees must be independent directors. The Board of Directors shall designate the Chairmen. - Article 32.Bis. A Sustainability Committee: The Sustainability Committee shall be made up of a minimum of three and a maximum of five directors, all of whom must be non-executive directors. - On 3 November the Board of Directors of el ACCIONA, at the proposal of the Nomination and Remuneration Committee, resolved to renew the Committees of the Board of Directors, which from now on shall be made up as follows: o Executive Committee Chairman: José Manuel Entrecanales Domecq Chairman: Juan Ignacio Entrecanales Franco Director: Carlos Espinosa de los Monteros y Bernaldo de Quirós Director: Juan Manuel Urgoiti y López-Ocaña Director: Valentín Montoya Moya o Audit Committee Chairman: Jaime Castellanos Borrego Director: Carlos Espinosa de los Monteros y Bernaldo de Quirós Director: Valentín Montoya Moya Director: Miriam González Durantez o Nomination and Remuneration Committee Chairman: Fernando Rodès Villá Director: Juan Manuel Urgoiti y López-Ocaña Director: Jaime Castellanos Borrego Director: Valentín Montoya Moya o Sustainability Committee Chairman: Daniel Entrecanales Domecq Director: Fernando Rodès Villá Director: Consuelo Crespo Bofill Director: Juan Manuel Urgoiti y López-Ocaña At the Annual General Meeting held on 9 June 2011, the shareholders of ACCIONA, S.A. approved the distribution of a final dividend of EUR 2.03 per share out of the profit for 2010. The dividend totalled EUR 129 million and it was paid on 26 July 2011. This dividend, together with the interim dividend of EUR 1.07 per share paid by the Company in January, raised the total dividend paid out of 2010 profit to EUR 3.1 per share. - Page 165-
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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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Expenses and income Significant sha
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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
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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 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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