Download - Ferrovial - Annual Report 2012

Consolidated financial statements at 31 December 2011
Ferrovial S.A. and Subsidiaries
The changes in “Intangible Assets” in the consolidated statement of financial position in 2011 and 2010 were as follows:
CHANGES IN 2011
Millions of euros
Rights on
concessions
Other intangible
assets
TOTAL
Investment:
Balance at 01/01/11 144 33 177
Additions 4 7 11
Disposals 0 -3 -3
Transfers 10 1 10
Exchange rate effect 4 0 4
Balance at 31/12/11 162 38 199
Accumulated amortisation:
Balance at 01/01/11 -60 -20 -80
Charge for the year -12 -1 -13
Disposals 0 -2 -2
Transfers 4 -2 2
Exchange rate effect -2 -1 -2
Balance at 31/12/11 -70 -25 -95
Carrying amount at 31/12/11 92 13 105
The most significant change relates to transfers to this line item, due mainly to the reclassification of a portion of the assets of Amey-
Cespa once the plan to sell them had been cancelled (see Note 13).
The changes in “Intangible Assets” in the consolidated statement of financial position in 2010 were as follows:
Millions of euros
CHANGES IN 2010
Rights on
concessions
Other intangible
assets
TOTAL
Investment:
Balance at 01/01/10 98 39 137
Additions 12 2 14
Disposals -8 0 -8
Changes in the scope of consolidation and transfers 117 0 117
Reclassification to "held-for-sale" -90 -10 -100
Exchange rate effect 15 2 17
Balance at 31/12/10 144 33 177
Accumulated amortisation:
Balance at 01/01/10 -67 -25 -92
Charge for the year -12 -2 -14
Disposals 0 0 0
Changes in the scope of consolidation and transfers -31 0 -31
Reclassification to "held-for-sale" 61 9 70
Exchange rate effect -11 -2 -13
Balance at 31/12/10 -60 -20 -80
Carrying amount at 31/12/10 84 13 97
The Amey Group has pledged concession arrangements of its subsidiary Donarbon recognised as intangible assets amounting to EUR
45 million.
No impairment losses on intangible assets were recognised or reversed in 2011.
Ferrovial, S.A. Consolidated financial statements at 31 December 2011 32