Download - Ferrovial - Annual Report 2012

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Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 3 and 40). In the event of a discrepancy, the Spanish-language version prevails. CONSOLIDATED INCOME STATEMENTS FOR 2011 AND 2010 Millions of euros Notes Before fair Fair value value adjustments adjustments (*) 2011 2010 Total 2011 Before Fair fair value value adjustments adjustments (*) Revenue 7,446 0 7,446 9,384 0 9,384 Other operating income 15 0 15 17 0 17 Total 2010 Total operating revenue 27 7,461 0 7,461 9,401 0 9,401 Materials consumed 2,366 0 2,366 3,028 0 3,028 Staff costs 28 2,018 0 2,018 2,815 0 2,815 Other operating expenses 2,258 0 2,258 2,310 1 2,311 Total operating expenses 6,642 0 6,642 8,154 1 8,155 Gross profit from operations 819 0 819 1,247 -1 1,246 Depreciation and amortisation charge 192 0 192 285 0 285 Profit from operations before impairment and non-current asset disposals 627 0 627 963 -1 961 Impairment and disposals of non-current assets 26 229 -87 142 684 1,888 2,572 Profit from operations 856 -87 769 1,647 1,887 3,533 Finance income of infrastructure projects 19 0 19 19 0 19 Finance costs of infrastructure projects -296 0 -296 -558 0 -558 Gains and losses on derivative financial instruments and other fair value adjustments 0 -3 -3 0 3 3 Financial result of infrastructure projects -277 -3 -279 -540 3 -537 Finance income of other companies 162 0 162 153 0 153 Finance expense of other companies -246 0 -246 -289 0 -289 Gains and losses on derivative financial instruments and other fair value adjustments 0 60 60 0 -31 -31 Financial result of other companies -83 60 -24 -136 -31 -167 Financial Result 29 -360 57 -303 -676 -28 -704 Share of profits of companies accounted for using the equity method 10 18 1 20 44 -5 39 Consolidated profit before tax 513 -28 485 1,014 1,854 2,869 Income tax 23 -63 2 -61 -256 37 -220 Consolidated profit or loss from continuing operations 450 -27 424 758 1,891 2,649 Net profit or loss from discontinued operations (Exclusion from consolidation of BAA) 2 and 30 165 679 844 -77 -390 -467 - Profit or loss of BAA 23 -26 -3 -77 -390 -467 - Disposal Gain 142 706 847 0 0 0 Consolidated profit or loss for the year 615 653 1,268 681 1,501 2,182 Profit or loss for the year attributable to non-controlling interest Profit for the year attributable to the Parent -1 2 1 -24 5 -19 615 654 1,269 657 1,506 2,163 Net earnings per share attributable to the Parent 31 Basic 1.73 2.95 Diluted 1.73 2.95 (*) Relating to gains and losses arising from changes in the fair value of derivatives, other financial assets and liabilities and assets and liability impairment (see Note 25). The accompanying Notes 1 to 40 and Appendix 1 are an integral part of the consolidated income statement for 2011. Ferrovial, S.A. Consolidated financial statements at 31 December 2011 4
Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 3 and 40). In the event of a discrepancy, the Spanish-language version prevails. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR 2011 AND 2010 Millions of euros 2011 2010 Attributable to the Parent 1,269 2,163 Attributable to non-controlling interests -1 19 Consolidated profit or loss for the year 1,268 2,182 Income and expense recognised directly in equity before tax: -727 234 Hedges -494 -73 Defined benefit plans -73 -9 Translation differences 22 784 Income and expense recognised directly in equity of fully consolidated companies -545 702 Income and expense recognised directly in equity of companies accounted for using the equity method -95 -23 Income and expense recognised directly in equity relating to discontinued operations -87 -445 Taxes 187 17 Amounts transferred to profit or loss of fully consolidated companies -63 0 Amounts transferred to profit or loss relating to discontinued operations 497 0 Attributable to the Parent 45 240 Attributable to non-controlling interests -152 11 Income and expense recognised directly in equity -107 250 Attributable to the Parent 1,314 2,403 Attributable to non-controlling interests -153 29 Total comprehensive income for the year 1,160 2,432 The accompanying Notes 1 to 40 and Appendix 1 are an integral part of the consolidated statement of comprehensive income for 2011. Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 3 and 40). In the event of a discrepancy, the Spanish-language version prevails. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR 2011 AND 2010 Millions of euros Share capital Share premium Treasury shares Other reserves 2011 Retained earnings Attributable to equity holders Attributable to noncontrolling interests Total equity Balance at 31/12/10 147 3,022 0 -679 2,705 5,194 1,434 6,628 Consolidated profit or loss for the year 1,269 1,269 -1 1,268 Comprehensive income for the year 0 0 0 45 1,269 1,314 -153 1,160 Dividends paid -367 -367 -30 -396 Capital increases/reductions 0 0 77 77 Transactions with owners 0 0 0 0 -367 -367 47 -320 Exclusion from consolidation of BAA -1,127 -1,127 Changes in the scope of consolidation 0 -18 -18 Other changes 0 0 0 -4 0 -4 -33 -36 Balance at 31/12/11 147 3,022 0 -638 3,607 6,138 150 6,288 Millions of euros Share capital Share premium Treasury shares Other reserves 2010 Retained earnings Attributable to equity holders Attributable to noncontrolling interests Total equity Balance at 01/01/10 147 3,022 -1,028 845 2,986 1,570 4,556 Changes in accounting policies -4 119 115 48 163 Restated balance at 01/01/10 147 3,022 -1,032 965 3,102 1,617 4,719 Consolidated profit or loss for the year 2,163 2,163 18 2,181 Income and expense recognised in equity 240 240 11 251 Comprehensive income for the year 240 2,163 2,403 29 2,432 Dividends paid -308 -308 -76 -384 Capital increases/reductions 0 130 130 Transactions with owners -308 -308 53 -255 Changes in the scope of consolidation and other changes 113 -115 -2 -266 -268 Balance at 31/12/10 147 3,022 0 -679 2,705 5,194 1,434 6,628 The accompanying Notes 1 to 40 and Appendix 1 are an integral part of the consolidated statement of changes in equity for 2011. Ferrovial, S.A. Consolidated financial statements at 31 December 2011 5
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