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Notes to the Consolidated Financial Statements at 31 st December 2008 On the 31 st December 2008 and 2007, the value present in the minimum payments of financial leasing were mandatorily scheduled as follows: 2008 2007 2008 - 5,650 2009 13,395 5,882 2010 13,584 5,465 2011 13,538 5,100 2012 13,061 2,811 2013 12,027 18,251 After 2013 194,896 - 260,501 43,159 In the year ended on the 31 st December 2008, the Group carried out the contracting of a sale and leaseback operation involving the Lagoas Park development, which is essentially registered as investment property (Note 21). To guarantee the referred operation, the retention of title was made for lots 7, 8, 9, 10, 11, 12, 15, 16 and 23 of that development. The financial leasing contracts interest matures at market rate and have defined lifetime periods. Financial obligations due to leasing are guaranteed by the retention of title of the leased assets. 39 - OTHER NON-CURRENT LIABILITIES On the 31 st December 2008 and 2007 this item had the following composition: 2008 2007 Associated companies, subsidiaries and olther shareholders: Associated companies 1,320 - Other shareholders 49 - 1,369 - Deferred profits: Deferred profits from works – warranty period (Note 31) 28,907 35,693 Other deferred profits 4,452 6,476 33,359 42,169 Others: Advances from customers 6,947 36,631 Derivative financial instruments (Note 41) 5,452 - 12,399 36,631 47,127 78,800 222
Notes to the Consolidated Financial Statements at 31 st December 2008 40 - OTHER CURRENT LIABILITIESS On the 31 st December 2008 and 2007, this item had the following composition: 2008 2007 State and other public entities: Corporate Income Tax - IRC 1,434 1,543 Withholding Tax on Income 2,341 1,277 Value Added Tax 17,855 11,343 Contributions to Social Security 3,574 3,418 Others 1,968 2,963 27,172 20,544 Associated companies, subsidiaries and olther shareholders: Associated companies - 805 Subsidiaries 261 312 Other shareholders 565 266 826 1,383 Cost accruals: Insurance to be paid 780 584 Remunerations to be paid 18,787 16,165 Interest rate to be paid 8,120 10,823 Other costs to be paid 21,943 14,190 49,630 41,762 Deferred profits: Work invoiced but not done (Note 31) 26,429 26,170 Subsidies for investment - 187 Deferred profits from works – warranty period (Note 31) 8,174 11,234 Other deferred profits 9,216 3,998 43,819 41,589 Others: Advances from customers 105,991 60,197 Advances on account of sales 2,079 1,402 Derivative financial instruments (Note 41) 636 - 108,706 61,599 230,153 166,877 223
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ANNUAL REPORT AND ACCOUNTS 2 0 0 8
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TEIXEIRA DUARTE - ENGENHARIA E CONS
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Organisational Chart - 2008 8 9
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A N N U A L R E P O R T A N D A C C O U N T S - CMVM

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