TAV IT

TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
Share Capital
Share
Premium
Legal
Reserves
Revaluation
Surplus
Purchase of
Shares of
Entities Under
Common
Control
Cash Flow
Hedge
Reserve
Translation
Reserves
Accumulated
Losses
Attributable to
Equity Holders
of the Parent
Minority
Interest Total
Balance as at 31 December 2006 as previously
reported 99,543,528 171,881,833 8,766,287 - 35,589,741 - (83,244) (5,131,662) 310,566,483 23,073,806 333,640,289
Effect of purchase of shares from
subsidiaries - 23,676,333 - - - - - (2,066,710) 21,609,623 (21,609,623) -
Correction of an error (Note 43) - - - - - - - (6,234,456) (6,234,456) - (6,234,456)
Effect of adoption of IFRIC 12 (Note 43) - - - - - - - 2,313,489 2,313,489 - 2,313,489
Balance as at 31 December 2006 as restated 99,543,528 195,558,166 8,766,287 - 35,589,741 - (83,244) (11,119,339) 328,255,139 1,464,183 329,719,322
Effect of purchase of shares from
subsidiaries - - - - - - - - - 13,818,118 13,818,118
Cash injection in share capital 5,366,739 48,300,648 - - - - - - 53,667,387 - 53,667,387
Issue of share capital in affiliates - - - - - - - - - 23,696 23,696
Transfers - - 1,792,752 - - - - (1,836,187) (43,435) 43,435 -
Exchange differences on translation
reserves - - - - - - 426,283 - 426,283 129,149 555,432
Effect of group structure change - (23,676,333) - - 4,474,119 - - - (19,202,214) - (19,202,214)
Revaluation surplus - - - 3,007,539 - - - 85,408 3,092,947 - 3,092,947
Dividend distributions - - - - - - - - - (369,961) (369,961)
Loss for the year - - - - - - - (43,714,479) (43,714,479) (121,940) (43,836,419)
Balance as at 31 December 2007 104,910,267 220,182,481 10,559,039 3,007,539 40,063,860 - 343,039 (56,584,597) 322,481,628 14,986,680 337,468,308
Balance as at 31 December 2007 as previously
reported 104,910,267 220,182,481 10,559,039 3,007,539 40,063,860 - 343,039 (53,499,998) 325,566,227 14,986,680 340,552,907
Effect of adoption of IFRIC 12 (Note 43) - - - - - - - (3,084,599) (3,084,599) - (3,084,599)
Balance as at 31 December 2007 as restated 104,910,267 220,182,481 10,559,039 3,007,539 40,063,860 - 343,039 (56,584,597) 322,481,628 14,986,680 337,468,308
Transfers - - 4,503,030 - - - - (4,572,301) (69,271) 69,271 -
Issue of share capital in affiliates - - - - - - - - - 58,620 58,620
Exchange differences on translation
reserves - - - - - - (1,215,590) - (1,215,590) 72,137 (1,143,453)
Effective portion of changes in fair value of
cash flow hedges - - - - - (31,301,803) - - (31,301,803) - (31,301,803)
Dividend distributions - - - - - - - - - (778,433) (778,433)
Depreciation on revaluation surplus - - - (341,607) - - - 409,927 68,320 - 68,320
Profit for the year - - - - - - - 4,058,822 4,058,822 608,919 4,667,741
Balance as at 31 December 2008 104,910,267 220,182,481 15,062,069 2,665,932 40,063,860 (31,301,803) (872,551) (56,688,149) 294,022,106 15,017,194 309,039,300
The accompanying notes form an integral part of these consolidated financial statements.