Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
9 ACCOUNTS PAYABLE TO OTHER SHAREHOLDERS<br />
At 30 June <strong>2009</strong> and 31 December 2008 this caption was made up as follows:<br />
30.06.09 31.12.08<br />
Medium and<br />
Medium and<br />
Short term long term Short term long term<br />
SIERRA Investments (Luxembourg) 1 Sarl ("Luxco 1"):<br />
Arrábidashopping- Centro Comercial, S.A. - 576,395 17,477 1,250,045<br />
Centro Colombo- Centro Comercial, S.A. - - - -<br />
Centro Vasco da Gama - Centro Comercial, S.A. - 3,838,523 - 3,838,523<br />
SC Mediterranean Cosmos B.V. - 247,473 - 827,996<br />
<strong>Sierra</strong> European Retail Real Estate Assets Holdings BV 8,318,839 - 7,023,425 -<br />
Zubiarte Inversiones Inmob,SA - 1,765,054 - 1,703,480<br />
8,318,839 6,427,445 7,040,902 7,620,044<br />
SIERRA Investments (Luxembourg) 1 Sarl ("Luxco 2"):<br />
Arrábidashopping- Centro Comercial, S.A. - 461,116 13,981 1,000,036<br />
Centro Colombo- Centro Comercial, S.A. - - - -<br />
Centro Vasco da Gama - Centro Comercial, S.A. - 3,070,719 - 3,070,719<br />
SC Mediterranean Cosmos B.V. - 196,014 - 662,398<br />
<strong>Sierra</strong> European Retail Real Estate Assets Holdings BV 6,657,041 - 5,618,739 -<br />
Zubiarte Inversiones Inmob,SA - 1,412,043 - 1,362,783<br />
6,657,041 5,139,892 5,632,720 6,095,936<br />
<strong>Sonae</strong> SGPS, SA 23,410,080 - - -<br />
Grosvenor 23,410,080 - - -<br />
Others 59,550 - 186,040 -<br />
46,879,710 - 186,040 -<br />
61,855,590 11,567,337 12,859,662 13,715,980<br />
The amount of Euro 23,410,000 payable to <strong>Sonae</strong> <strong>Sierra</strong>, S.G.P.S., S.A. and to Grosvenor refer to<br />
distribution of dividends in <strong>2009</strong> regarding the result of 2008, which are still pending from payment.<br />
10 MOVEMENT IN MINORITY INTERESTS<br />
During the years ended 30 June <strong>2009</strong> and 31 December 2008 the movement in minority interests was as<br />
follows:<br />
Balance<br />
P&L<br />
% 30.06.09 31.12.08 30.06.09 31.12.08 30.06.08<br />
<strong>Sierra</strong> BV 49.900% 374,771,812 418,089,773 (39,640,944) (76,167,354) (12,863,853)<br />
SPF 49.962% - - - 441,523 1,460,797<br />
Brazilian companies 3.7358% 8,441,350 6,697,017 84,321 1,546,742 861,196<br />
Others (10,422,684) (4,796,551) (5,004,691) (7,879,001) (5,599,894)<br />
372,790,478 419,990,239 (44,561,314) (82,058,090) (16,141,754)<br />
SONAE SIERRA CONSOLIDATED ACCOUNTS JUNE <strong>2009</strong> 19/23
Change language