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

Recommendations

Info

In 2011, since the lease expired, the purchase option on the José María Entrecanales vessel was exercised for an amount of EUR 89 million. At December 2010, all the contributions to the deposit accounts had been made and, therefore, at 31 December 2011, there were no further contributions to be made. The deposits pledged for the vessels were financed through a loan recognised as a non-current and a current liability under “Bank Borrowings” in the consolidated balance sheet at 31 December 2011. The changes in 2011 in the current and non-current deposits associated with the vessels of the Compañía Trasmediterránea Subgroup described in earlier paragraphs were as follows: Balance at Balance at Thousands of euros 31/12/10 Interest Charges Transfers 31/12/11 Jose María Entrecanales vessel deposit -- -- -- -- -- Super Fast Baleares vessel deposit 85,048 2,828 -- (87,876) -- Milenium Tres vessel deposit 9,490 790 -- (10,280) -- Subtotal non-current deposits 94,538 3,618 -- (98,156) -- Jose María Entrecanales vessel deposit 90,916 5,421 (96,337) -- -- Super Fast Baleares vessel deposit 7,980 2,716 (7,979) 87,876 90,593 Milenium Tres vessel deposit 3,498 -- (3,498) 10,280 10,280 Ciudad de Málaga deposit -- -- -- -- -- Subtotal current deposits 102,394 8,137 (107,814) 98,156 100,873 Total 196,932 11,755 (107,814) -- 100,873 11.- Biological assets The breakdown of the non-current and current biological assets at 31 December 2011 and 2010 is as follows (in thousands of euros): - Page 59 - 2011 2010 Non-current 6,814 6,800 Current -- -- Balance at 31 December 6,814 6,800 The non-current biological assets relate mainly to the vineyards belonging to the Hijos de Antonio Barceló Subgroup, which in accordance with IAS 41 must be measured at fair value. The year-onyear changes in the value of these assets were not material.
12.- Non-current receivables and other non-current assets The detail of “Non-Current Receivables and Other Non-Current Assets” at 31 December 2011 and 2010 is as follows (in thousands of euros): 2011 2010 Non-current operating receivables 100,508 74,589 Non-current prepayments and accrued income 1,898 1,317 Concessions under the non-current financial asset model 275,737 288,471 Total non-current receivables and other non-current assets 378,143 364,377 At 31 December 2011 and 2010, “Non-Current Operating Receivables” included mainly customer balances and other trade receivables generated by operating activities maturing at over one year and also the retentions that are customary in the construction business. At 31 December 2011 and 2010, “Concessions under the Non-Current Financial Asset Model” included the balances receivable at over one year in concessions which, in accordance with IFRIC 12, were treated as financial assets, since there was an unconditional collection right on the investment made until that date. The current portion of this unconditional collection right was recognised under "Trade and Other Receivables" based on the collections expected to be made by the grantors of the concessions under the various economic and financial plans. At 31 December 2011, the balance reclassified to short term amounted to EUR 66,527 thousand (31 December 2010: EUR 26,397 thousand) (see Note 14). The detail of “Concessions under the Non-Current Financial Asset Model", by division, is as follows: 2011 2010 Infrastructure division 228,535 236,366 Urban and Environmental Services division 47,202 52,105 Total 275,737 288,471 The main concession projects included in the Infrastructure division relate to hospitals and toll roads, and those in the Urban Services division relate to the full range of water cycle services. The changes in 2011 relate to the net effect of, on the one hand, the increase in the “Concessions” balance based on the percentage of completion of the construction work in concessions which are at the construction stage, and, on the other, with a greater impact his year, the transfer and classification to "Trade and Other Receivables - Concessions under the Current Financial Asset Model" of the amount expected to be received by the grantors of the concessions in the following twelve months. At 31 December 2011, EUR 64,125 thousand (31 December 2010: EUR 62,641 thousand) of concessions under the financial asset model were classified under “Non-Current Assets Classified as Held for Sale” and related to the mature concessions that, as indicated in Note 24, were classified as such at 31 December 2010. - Page 60 -
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:
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
Page 56 and 57: The Acciona Group's interests in as
Page 58 and 59: - Page 57 - Non-current Current Bal
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 120 and 121:
36.- Other disclosures concerning t
Page 122 and 123:
APPENDIX I GROUP COMPANIES The subs
Page 124 and 125:
Group company Auditor Location Main
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Group company Auditor Operadora de
Page 134 and 135:
Page 136 and 137:
APPENDIX II JOINTLY CONTROLLED ENTI
Page 138 and 139:
Page 140 and 141:
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 ...

Create successful ePaper yourself

Delete template?

Save as template?