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

Recommendations

Info

c) Treasury shares The changes in 2011 and 2010 in treasury shares were as follows: 2011 2010 Number of shares Cost - Page 65 - Number of shares Cost Beginning balance 3,287,669 263,672 1,487,612 155,333 Additions 2,379,616 154,565 1,851,904 113,749 Disposals (68,418) (7,108) (51,847) (5,410) Ending balance 5,598,867 411,129 3,287,669 263,672 In 2011 68,418 shares were disposed of (2010: 51,847 shares), giving rise to a gain of EUR 2,542 thousand (2010: a loss of EUR 1,748 thousand), and this amount was recognised in reserves for the year. In 2011 there was a reduction of 49,324 shares due to the delivery of shares to senior executives under the Share-Based Payment Plan approved by the shareholders at the Annual General Meeting (see Note 35). 30,389 shares were delivered under this Plan at 31 December 2010. d) Reserves of consolidated companies and translation differences The detail, by line of business, of the consolidation reserves contributed by subsidiaries, joint ventures and associates and of the related translation differences at 31 December 2011 and 2010 is as follows (in thousands of euros): Line of business Consolidated reserves 2011 2010 Translation differences Consolidated reserves Translation differences Infrastructure 244,227 (1,886) 310,113 6,818 Real Estate (46,813) (11,236) (31,001) 372 Energy 515,864 36,278 571,266 34,486 Logistics and Transport Services Urban and Environmental Services (23,918) 408 (19,222) 1,014 32,511 368 28,701 701 Other Businesses 535,890 (303) 690,326 729 Consolidation adjustments (46,900) -- (40,124) -- Total 1,210,861 23,629 1,510,059 44,120
A breakdown, by company, of the consolidation reserves at fully and proportionately consolidated companies and at companies accounted for using the equity method and of the related translation differences at 31 December 2011 is provided in Appendix V. In addition to the Parent, at 31 December 2011 the Group company Mostostal Warszawa, S.A. was a listed company. The average market price of this company in the last quarter was PLN 21.36 and the market price at year-end was PLN 16.00. e) Valuation adjustments Available-for-sale financial assets This heading under “Retained Earnings” in the consolidated balance sheet includes the amount, net of the related tax effect, of changes in the fair value of assets classified as available for sale. These changes are recognised in the consolidated income statement when the assets that give rise to them are sold. The changes in the balance of “Valuation Adjustments - Available-for-Sale Financial Assets” in 2011 and 2010 were as follows: - Page 66 - 2011 2010 Balance at 1 January 10,604 13,254 Increases in value in the year 1,519 -- Decreases in value in the year -- (2,650) Transfer due to changes in the scope of consolidation -- -- Balance at 31 December 12,123 10,604 The changes in 2011 and 2010 relate almost entirely to the change in value of the investment in Bolsas y Mercados Españoles. Cash flow hedges This heading under “Retained Earnings” in the consolidated balance sheet includes the amount net of the tax effect of changes in the fair value of financial derivatives designated as cash flow hedging instruments (see Note 20).
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:
Page 10 and 11:
Beginning balance at 01/01/10 Adjus
Page 12 and 13:
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 60 and 61: In 2011, since the lease expired, t
Page 62 and 63: At 31 December 2011, the Group comp
Page 64 and 65: The breakdown, by type of customer,
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?