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

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Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 38). In the event of a discrepancy, the Spanish-language version prevails. ACCIONA, S.A. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS FOR 2011 AND 2010 (Thousands of euros) - Page 5 - NOTE 2011 2010 Revenue 26 6,645,995 6,263,027 Other income 752,295 727,779 Changes in inventories of finished goods and work in progress (32,607) (82,011) Procurements 27 (1,677,258) (1,580,568) Staff costs 27 (1,274,100) (1,258,474) Other operating expenses 27 (3,102,403) (2,858,577) Depreciation and amortisation charge and change in provisions and allowances 5, 6,7 & 27 (717,346) (683,223) Impairment and gains or losses on disposals of non-current assets 26 33,713 4,836 Other gains or losses 3,402 (6,232) PROFIT FROM OPERATIONS 631,691 526,557 Finance income 29 57,206 82,650 Finance costs 29 (466,876) (415,766) Exchange differences 1,589 49,313 Net losses arising from changes in value of financial instruments at fair value 20 (4,559) (4,410) Net gain arising from changes in value of non-financial assets at fair value -- -- Result of companies accounted for using the equity method 8 4,822 1,845 PROFIT BEFORE TAX FROM CONTINUING OPERATIONS 223,873 240,189 Income tax expense 23 (53,451) (55,979) PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS 170,422 184,210 Profit/Loss after tax from discontinued operations 24 -- -- PROFIT FOR THE YEAR 170,422 184,210 Non-controlling interests 16 31,640 (16,991) PROFIT ATTRIBUTABLE TO THE PARENT 202,062 167,219 BASIC EARNINGS PER SHARE FROM CONTINUING OPERATIONS (euros) 32 3.40 2.73 DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS (euros) 32 BASIC EARNINGS PER SHARE (euros) 32 3.40 2.73 DILUTED EARNINGS PER SHARE (euros) 32 3.40 2.73 The accompanying Notes 1 to 38 are an integral part of the consolidated income statement for 2011. 3.40 2.73
Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 38). In the event of a discrepancy, the Spanish-language version prevails. ACCIONA, S.A. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR 2011 (Thousands of euros) - Page 6 - Note Amount Tax effect Total A) CONSOLIDATED PROFIT FOR THE YEAR 170,422 1. Profit attributable to the Parent 202,062 2. Non-controlling interests (31,640) B) INCOME AND EXPENSE RECOGNISED DIRECTLY IN EQUITY: (516,203) 154,924 (361,279) 1. Revaluation/(Reversal of the revaluation) of property, plant and equipment and intangible assets -- -- -- 2. Revaluation of financial instruments: 2,170 (651) 1,519 a) Available-for-sale financial assets 10 2,170 (651) 1,519 b) Other income / (expenses) -- -- -- 3. Cash flow hedges 20 (484,851) 145,455 (339,396) 4. Translation differences (33,985) 10,197 (23,789) 5. Actuarial gains and losses and other adjustments 17 463 (77) 386 6. Companies accounted for using the equity method -- -- -- 7. Other income and expenses recognised directly in equity -- -- -- C) TRANSFERS TO PROFIT OR LOSS: 100,406 (30,122) 70,284 1. Revaluation of financial instruments: a) Available-for-sale financial assets b) Other income / (expenses) 2. Cash flow hedges 20 100,406 (30,122) 70,284 3. Translation differences 4. Companies accounted for using the equity method 5. Other income and expenses recognised directly in equity TOTAL RECOGNISED INCOME/(EXPENSE) (A+B+C) (415,798) 124,802 (120,573) a) Attributable to the Parent (403,724) 121,180 (80,482) b) Attributable to non-controlling interests (12,074) 3,622 (40,092) The accompanying Notes 1 to 38 are an integral part of the consolidated statement of comprehensive income for 2011.
Page 1: ACCIONA, S.A. AND SUBSIDIARIES (Con
Page 4 and 5: 17. PROVISIONS 18. BANK BORROWINGS
Page 8 and 9: Translation of consolidated financi
Page 10 and 11: Beginning balance at 01/01/10 Adjus
Page 12 and 13: Translation of consolidated financi
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
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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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35.- Remuneration and other benefit
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a) For each director belonging to t
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Beneficiaries: those persons who, a
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Vicente Santamaría de Paredes Cast
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36.- Other disclosures concerning t
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APPENDIX I GROUP COMPANIES The subs
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Group company Auditor Location Main
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Group company Auditor Operadora de
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APPENDIX II JOINTLY CONTROLLED ENTI
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Company Location Main business line
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APPENDIX V DETAIL OF CONSOLIDATED R
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Translation of a report originally
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% EBITDA Jan-Dec 10 Jan-Dec 11 Ener
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- The volume of business of the Rea
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ACCIONA Energy’s revenue increase
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Acciona Real Estate (Millions of eu
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Thanks to the positive performance
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Investments Net investments in 2011
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18 April 2011: sale of Chilean conc
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30 June 2011: ACCIONA submitted the
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Stock Market Data Share Capital Pri
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Before a decision is made to invest
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enhance environmental efficiency. I
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166 ongoing R&D+i projects were con
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However, the fall in growth has bee
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For the purposes of Royal Decree 13
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