Download - Ferrovial - Annual Report 2012

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Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries Changes in the scope of consolidation: the impact of changes in the scope of consolidation relating to non-controlling interests is significant, due mainly to the sale of Swissport, as explained in Note 1.2. For information purposes, the detail of the main changes in equity (net of taxes) in 2010 is as follows: 2010 Attributable to Attributable to Total non-controlling equity holders equity interests Equity at 1 January 2,986 1,570 4,556 Changes in accounting policies 116 48 164 Restated equity at 1 January 3,102 1,617 4,719 Consolidated profit or loss for the year 2,163 19 2,182 Hedges -96 -60 -156 Defined benefit plans 20 23 43 Translation differences 316 49 365 Income and expense recognised directly in equity 240 11 251 Total income and expense recognised directly in equity 2,403 30 2,433 Dividends paid -308 -76 -384 Capital increases/reductions 130 130 Transactions with owners -308 53 -255 Changes in the scope of consolidation and other changes -2 -266 -268 Equity at 31 December 5,194 1,434 6,628 a) Share capital At 31 December 2011, the share capital amounted to EUR 147 million and had been fully subscribed and paid. Share capital was represented by 733,510,255 ordinary shares of a single class and a par value of twenty euro cents (EUR 0.20) per share. There were no changes with respect to 31 December 2010. At 31 December 2011, the only shareholder holding more than 10% of the share capital of Ferrovial, S.A. was Portman Baela, S.L., with 44.27%. The shares of the Parent are listed on the Spanish Stock Market Interconnection System and they all carry the same voting and dividend rights. b) Treasury shares At 31 December 2011, no treasury shares were held and no transactions involving treasury shares were carried out in 2011. c) Other reserves The changes in “Other Reserves” in 2011 were as follows: Changes in 2011 Translation differences Hedges Defined benefit plans Other Other reserves Balance at 01/01/11 -10 -453 -114 -102 -679 Change 176 -409 -58 333 41 Balance at 31/12/11 166 -862 -172 231 -638 d) Retained earnings The detail of “Retained Earnings” for 2011 is as follows: Millions of euros Retained earnings Balance at 31/12/11 Profit attributable to the Parent 1,269 Unrestricted reserves 2,309 Restricted reserves 29 Total 3,607 Ferrovial, S.A. Consolidated financial statements at 31 December 2011 52
Consolidated financial statements at 31 December 2011 Ferrovial S.A. and Subsidiaries The detail of “Restricted Reserves” is as follows: Millions of euros Balance at 31/12/11 Restricted reserves Legal reserve 29 Restricted reserves of the Parent 29 e) Income and expense recognised in the year The detail of the changes in equity in respect of income and expense recognised in 2011 is as follows: Millions of euros Attributable to equity holders 2011 Attributable to noncontrolling interests Total equity Profit or loss Hedging instruments -266 -135 -401 Defined benefit plans -56 0 -56 Translation differences 54 -17 37 Amounts transferred to profit or loss -63 0 -63 Income and expense recognised directly in equity of fully consolidated companies -331 -152 -484 Hedging instruments -99 0 -99 Defined benefit plans 33 0 33 Translation differences -12 0 -12 Amounts transferred to profit or loss 497 0 497 Income and expense recognised directly in equity in relation to discontinued operations 419 0 419 Income and expense recognised directly in equity of companies accounted for using the equity method -43 0 -43 Consolidated profit or loss for the year 1,269 -1 1,268 Total comprehensive income for the year 1,314 -153 1,160 For information purposes following is a detail of the main income and expense items recognised in 2010: Millions of euros Profit or loss Attributable to equity holders 2010 Attributable to noncontrolling interests Total equity Hedging instruments -96 -61 -157 Defined benefit plans 20 23 43 Translation differences 316 49 365 Recognised income and expense 240 11 251 Consolidated profit or loss for the year 2,163 19 2,182 Total recognised income and expense 2,403 30 2,433 f) Non-Group companies with significant ownership interests in subsidiaries At 31 December 2011, the non-controlling interests with holdings of 10% or more in the share capital of the most significant fully consolidated companies were as follows: Ferrovial, S.A. Consolidated financial statements at 31 December 2011 53
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