A N N U A L R E P O R T A N D A C C O U N T S - CMVM

Notes to the Financial Statements as at 31 st December 2008
51 - CASH AND CASH EQUIVALENTS BREAKDOWN
The breakdown of cash and cash equivalents as at 31 st December 2008 and 2007 is as follows:
2008 2007
Cash 1,483 1,492
Cash at bank and in hand 19,206 19,680
20,689 21,172
The dividends received in the year ended 31 st December 2008, net of withholding, were the following:
Cimpor - Cimentos de Portugal, SGPS, S.A. 8,257
BEL-ere - Engenharia e Reabilitação de Estruturas, S.A. 1,500
Fundo de Investimento Imobiliário Fechado TDF 1,574
E.P.O.S. - Empresa Portuguesa de Obras Subterrâneas, S.A. 1,000
Lusoponte - Concessionária para a Travessia do Tejo, S.A. 716
Others 181
13,228
The payments received deriving from financial investments during the year ended 31 st December 2008 were the following:
Sale of capital shares:
Cimpor - Cimentos de Portugal, SGPS, S.A. 218,676
E.P.O.S. - Empresa Portuguesa de Obras Subterrâneas, S.A. 90,000
Fundo de Investimento Imobiliário Fechado TDF 58,464
Somafel - Engenharia e Obras Ferroviárias, S.A. 33,500
BEL-ere - Engenharia e Reabilitação de Estruturas, S.A. 20,000
G.S.C. - Compañia General de Servicios y Construcción, S.A. 7,970
Longapar - SGPS, S.A. 6,887
LagoasFut - Equipamento Recreativo e Desportivo, S.A. 1,663
437,160
Reimbursement of supplementary capital contributions:
G.S.C. - Compañia General de Servicios y Construcción, S.A. 7,600
Lusoponte - Concessionária para a Travessia do Tejo, S.A. 130
7,730
95,246
Payments regarding financial investments during the year ended 31 st December 2008 were the following:
Capital increase in Teixeira Duarte - Gestão de Participações e Investimentos Imobiliários, S.A. 300.000
Interest acquisition in E.P.O.S. - Empresa Portuguesa de Obras Subterrâneas, S.A. 15.000
Incorporation of TDHOSP - Gestão de Edifício Hospitalar, S.A. 327
Capital increase in TDHOSP - Gestão de Edifício Hospitalar, S.A. 160
315.487
52 - PROFIT AND LOSS ACCOUNT BY FUNCTIONS
While preparing this statement, the following criteria were followed:
- The item "Cost of Sales and services rendered" of the profit and loss account by functions ("DRF") includes several items of the profit and loss account by
nature ("DRN"), mainly supplies and outsourcing, wages and salaries and depreciation.
- The item "Net Finance Cost" essentially includes the net value of the interest earned or borne and the stamp duty born with the loans obtained.
- The item "Net losses and gains in subsidiaries and associated companies" includes the gains/losses in Group companies.
53 - DERIVATIVE FINANCIAL INSTRUMENTS
The existing financial instruments on the 31 st December 2008 are classified as derivative, not qualified as coverage (negotiation), being their nature and fair value
on that date, the following:
Underlying
Types of Operation Maturity Amount Fair Value
Interest rate swap - fixed rate 30 th June 2009 65,000 (90)
The variations in fair value of these negotiation financial instruments are directly registered in the results statements of the periods in which they occur..
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