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

Assets
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Infrastructure
concession
operators
Non-current assets 441,679
Current assets 318,501
Total assets 760,180
Equity and liabilities
Equity (131,479)
Non-current liabilities 834,565
Current liabilities 57,094
Total equity and liabilities 760,180
Profit or Loss
Revenue 37,543
Profit before tax from continuing operations 6,454
Profit before tax 6,454
b) At 31 December 2011, the Group had recognised a provision of EUR 43 million (31 December
2010: EUR 61 million) for certain liabilities relating to the Logistics division. The reduction in
2011 relates mainly to the reclassification to short term of the amounts arising from certain
restructuring measures carried out within the Logistics division, which were ultimately approved
in 2011 and will be settled in the coming months.
c) Provisions for autonomous community, State or international levies, taxes and local taxes
arising from construction work and infrastructure development and taxes in general which, in
view of the varying interpretations that can be made of the tax legislation, could give rise to
contingent tax liabilities in the various countries in which the Acciona Group operates. At 31
December 2011, the provision in this connection amounted to EUR 67 million (31 December
2010: EUR 52 million).
d) Provisions for the amounts estimated in relation to warranty and maintenance obligations for
facilities and machinery sold, mainly WTGSs in the Energy division. At 31 December 2011, the
provision in this connection amounted to EUR 18 million (31 December 2010: EUR 32 million).
e) Provisions for pensions and similar obligations arising mainly from the acquisition of assets
from Endesa in 2009, which are detailed and quantified below. At 31 December 2011, the
provision in this connection amounted to EUR 8 million (31 December 2010: EUR 9 million).
f) The remaining amount recognised under "Provisions" relates to various types of provisions,
including those related to obligations acquired in the development and construction of drinking
water plants and full water cycle service infrastructure, those recognised to cover the possible
risks arising from litigation in progress since claims have been filed against the Group in relation
to its construction activities (mainly in relation to residential work), those relating to construction
contracts and the provision of onerous services in which losses are incurred and provisions for
non-core businesses. These provisions were recognised on the basis of the best estimates of the