Annual report - Alcopa

A. Consolidated Financial Statements 3
1. Assets 3
2. Equity and Liabilities 4
3. Income Statement 5
4. Cash Flow Statement 6
5. Historical Data 2005 – 2009 7
6. Statement of Fixed Assets 8
B. Comments on the Consolidated Financial Statements 9
1. Formation Expenses and Intangible Assets 9
2. Consolidation differences 9
3. Tangible Assets 9
4. Financial Assets 10
5. Stocks and Contracts in Progress and Amounts Receivable within one Year 10
6. Net Working Capital 11
7. Investments and Cash at Bank and in Hand 12
8. Capital and Reserves 12
9. Minority Interests 12
10. Provisions and Deferred Taxes 13
11. Amounts Payable after one Year 13
12. Financial Debts 13
13. Trade Debts and Taxes, Remuneration and Social Security 14
14. Other Amounts Payable and Accrued Charges and Deferred Income 14
15. Operating Income 14
16. Operating Charges 15
17. Financial Income 16
18. Financial Charges 16
19. Extraordinary Income and Extraordinary Charges 17
20. Deferred Taxes and Income Taxes 17
21. Share of the Group in the Result 17
22. Cash Flow Statement : definitions 17
23. Cash Flow from Operating Activities 18
24. Cash Flow from Investment Activities 18
25. Cash Flow from Financing Activities 18
26. Change in Net Cash Flow 18
27. Consolidation Circle 18
table of content
C. Notes on the Consolidated Financial Statements 21
1. Summary of significant accounting policies 21
2. Changes in accounting policies 21
3. Exchange rates 21
4. Formation expenses 21
5. Intangible fixed assets 21
6. Consolidation differences 21
7. Tangible fixed assets 22
8. Investments in financial assets 22
9. Inventories 22
10. Receivables 23
11. Investments and deposits, cash and amounts payable 23
12. Capital and reserves 23
13. Minority interests 24
14. Receivables and payables expressed in foreign currency 24
D. Auditor’s Report on the Consolidated Finacial Statements 25
E. Financial Statements Parent Company 27
1. Assets 27
2. Equity and Liabilities 28
3. Income Statement 29
F. Comments on the Financial Statements of the Parent Company 30
1. Fixed assets 30
2. Current assets 30
3. Capital and reserves 30
4. Creditors 30
5. Income statement 30
G. Notes on the Financial Statements of the Parent Company 31