Economic and Financial Report - Grupo ACS

22.2 Consolidated Financial Statements
Economic and Financial Report
2.2.1.30 Gains on disposal of non-current assets
The detail of this heading is as follows:
Thousands of Euros
2007 2006
Gains on non-current assets 26,509 14,179
Gains on equity investments 331,790 570,771
Gains/losses on other equity instruments held for sale (72) 3,148
Loss on non-current assets (15,618) (4,140)
Loss on equity investments (2,694) (139)
Total 339,915 583,819
In 2007 noteworthy was the exchange of Soluziona for Indra, leading to a gain of EUR 150,300 thousand.
Additionally, the holding in Applus + was sold giving rise to a gain of EUR 100,400 thousand, and the AI and
Dundalk motorway concessions in the United Kingdom and Ireland, respectively , giving rise to a gain of EUR
37,923 thousand
Noteworthy is the sale of the 24.8% ownership interest in Inmobiliaria Urbis, S.A. with a gain of EUR 510,860
thousand, as a result of the takeover bid launched by Construcciones Reyal (Note 10) and the partial sale of
Xfera Móviles, S.A. amounting to EUR 25,635 thousand.
2.2.1.31 Distribution of profit
The distribution of the Parent's net profit for 2007 that the Board of Directors will propose for approval by
shareholders at the Annual General Meeting is as follows:
Thousands of Euros
To voluntary reserve 504,339
Dividends (EUR 1.75 per share) 617,528
Total 1,121,867
The proposed final dividend is subject to approval by shareholders at the Annual General Meeting and has not
been included as a liability in these financial statements.
Of the dividend out of 2007 profit, an interim dividend of EUR 0.75 per share was already approved in 2007 for a
total of EUR 264,655 thousand, which was recognised as a reduction in the ACS Group's equity at 31 December
2007.
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The Board of Directors has presented the liquidity statement required under Article 216 of the revised Companies
Law in the individual financial statements of the Parent.