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

Held-to-maturity investments:
The changes in the investments recognised as current assets under “Held-to-Maturity
Investments”, were as follows:
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Total current
Ending balance at 31/12/09 78,282
Additions 45,727
Changes in fair value --
Sales --
Transfers --
Other changes --
Ending balance at 31/12/10 124,009
Additions 173,678
Changes in fair value --
Sales --
Transfers 1,185
Other changes --
Ending balance at 31/12/11 298,872
In 2011 the main addition relates principally to the allocation of funds to the debt service reserve
accounts carried out by Corporación Acciona Eólica, S.L. and Acciona Saltos de Agua, S.L. for
an amount of EUR 95 million, as established in the financing agreement entered into on 7 April
2011, detailed in Note 18.
In 2010 the main changes in “Held-to-Maturity Investments” related to investments in term
deposits.
Other financial assets:
Deposits and guarantees
“Deposits and Guarantees” includes a deposit made by the Compañía Trasmediterránea
Subgroup to secure its lease payments under the charter contract for the “Millenium III” vessel
for a total amount of EUR 10 million at 31 December 2011 (31 December 2010: EUR 13
million).
“Deposits and Guarantees” also includes the deposit made to secure the finance lease payments
on a vessel for a total amount of EUR 91 million at 31 December 2011 (31 December 2010:
deposits for two vessels for a total amount of EUR 184 million). These deposits earn annual
interest of 6% and mature on the same dates as the finance lease payments on the
corresponding vessels. These deposits, and the interest they earn, have been pledged to the
vessel owners and can only be used by Compañía Trasmediterránea to meet the future finance
lease payments or exercise the related purchase option.