Download - Ferrovial - Annual Report 2012

More documents

Recommendations

Info

Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries 37. Auditor´s Fees Pursuant to Spanish Audit Law 12/2010, of 30 June, all fees for the audit of the 2011 and 2010 financial statements by the auditors of Ferrovial S.A. and all its subsidiaries, both in Spain and abroad, are disclosed herein. These fees include those for statutory audit services, audit-related services and other attest engagements that must be performed by the Company's auditor and relate mainly to tax services. A breakdown of the fees billed for those years to all Ferrovial’s subsidiaries for services other than audit services is also provided. The 2010 fees for audit and other non-audit services were restated, excluding those relating to the BAA Group, since its loss was classified under discontinued operations in the income statement. Millions of euros 2011 2010 Fees for audit services 3.2 4.1 Principal auditor 2.6 3.2 Audit services 2.2 2.6 Audit-related services 0.2 0.2 Other attest services 0.2 0.3 Other auditors 0.6 0.9 Audit services 0.6 0.9 Audit-related services 0.0 0.0 Other attest services 0.0 0.0 Other services 1.0 0.8 Principal auditor 1.0 0.8 Other auditors 0.0 0.0 38. Events after the reporting period On 18 January, the maturity date of the financing of EUR 548 million granted to Inversora de Autopistas del Sur, S.L. for the R-4 toll road discussed in Note 20 was extended to 27 February 2012. At present, this company is in the process of refinancing the aforementioned financing with the lending banks. This financing originally matured in January 2011, following which the maturity date was extended throughout 2011, firstly to July 2011 and, subsequently, to 18 January and 27 February 2012 in order to find a solution to the problems relating to the imbalance, as mentioned in the contingent liabilities section of Note 24. As a result of the evolution of the expropriation processes and the ongoing fall in traffic in this project, it was not possible to refinance the debt for this project (see Note 24), having reached successive agreements on the maturity date of the debt, which was firstly extended to November 2011 and, subsequently, to 27 February 2012. On 30 January 2012, the Company's directors approved a plan whereby the participants of the variable remuneration scheme for 2011 were paid a portion thereof through the delivery of shares of Ferrovial, S.A. This plan has been used as variable remuneration under virtually the same terms since 2004. The CNMV was officially notified of the approval of the subsequent plans on 4 February 2005, 27 January 2006, 30 January 2007, 1 February 2008, 28 January 2009, 28 January 2010 and 31 January 2011. In February 2012 the UK Competition Appeal Tribunal dismissed the latest appeal filed by BAA against the UK Competition Commission's request to sell Stansted. BAA is currently analysing other possible alternatives. Ferrovial, S.A. Consolidated financial statements at 31 December 2011 100
Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries 39. Commentaries on Appendices Appendix I Appendix I contains a list of Group companies, making a distinction between fully consolidated companies and companies accounted for using the equity method. 1. Subsidiaries: fully consolidated companies Subsidiaries are presented by business segment, indicating their Parent, their auditor, the percentage of ownership held, the net cost of the ownership interest and the registered office. CORPORATE Company Auditor Parent % of ownership Net cost of ownership interest (millions of euros) Country Registered office SPAIN Ferrovial, S.A. (a) Deloitte Spain Principe de Vergara, 135, 28002, Madrid Can-Am, S.A. (Sole-Shareholder Company) (a) Ferrovial, S.A. 100.0% 2 Spain Príncipe de Vergara, 135, 28002, Madrid Ferrovial Inversiones, S.A. (a) Ferrovial, S.A. (i) 100.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Ferrovial Financiera A.I.E. Ferrovial, S.A. (iii) 67.0% 903 Spain Príncipe de Vergara, 135, 28002, Madrid Betonial, S.A. (a) Ferrovial, S.A. (i) 99.0% 31 Spain Príncipe de Vergara, 135, 28002, Madrid Burety, S.L. (a) Ferrovial, S.A. (i) 99.1% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Frin Gold, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Inversiones Trenza, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Promotora Ibérica de Negocios, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Remtecolex, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Sotaverd, S.A. Ferrovial, S.A. (ii) 49.0% 0 Spain Calvet, 30, 08021, Barcelona Triconitex, S.L. (a) Ferrovial, S.A. (i) 99.0% 8 Spain Príncipe de Vergara, 135, 28002, Madrid Finecofer (a) Ferrovial, S.A. (i) 99.0% 3,026 Spain Príncipe de Vergara, 135, 28002, Madrid Ferrovial Emisiones, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid Ferrovial Corporación, S.L. (a) Ferrovial, S.A. (i) 99.0% 27 Spain Príncipe de Vergara, 135, 28002, Madrid Ferrovial Telecomunicaciones, S.A. (a) Ferrovial, S.A. (i) 99.0% 0 Spain Príncipe de Vergara, 135, 28002, Madrid UNITED KINGDOM Edmund Halley Road, Oxford OX4 4DQ Ferrocorp UK BDO Ferrovial, S.A. 100.0% 0 United Kingdom IRELAND 13-17 Dawson Street, Dublin 2 Alkes Reinsurance Limited Deloitte Ferrovial, S.A. 100.0% 3 Ireland Ferrovial, S.A. Consolidated financial statements at 31 December 2011 101
Page 1 and 2:
Consolidated financial statements f
Page 3 and 4:
Consolidated financial statements a
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50: Consolidated financial statements a
Page 99: Consolidated financial statements a
Page 117: Consolidated financial statements a
show all

Download - Ferrovial - Annual Report 2012

Create successful ePaper yourself

Delete template?

Save as template?