Download - Ferrovial - Annual Report 2012

Consolidated financial statements at 31 December 2011
Ferrovial S.A. and Subsidiaries
FERROVIAL GROUP SUBSIDIARY NON-GROUP % NON-GROUP EQUITY HOLDER
Construction
Budimex S.A. 41% Listed company
Concessions
Autopista del Sol 20% Unicaja
Autopista Terrassa-Manresa 23.73% Acesa (Autopista Concesionaria Española, S.A.)
Eurolink Motorway Operation N4/N6 34% SIAC
Inversora de Autopistas de Levante 40% Sacyr Concesiones, S.L.
Inversora de Autopistas del Sur, S.L. 35% - 10% Sacyr Concesiones, S.L. - Caja Castilla-La Mancha
LBJ Infrastructure Group Holding LLC 42.40% Meridiam
NTE Mobility Partners Holding LLC 33.33% - 10% Meridiam - Dallas Police and Fire Pension System
Serranopark 30% - 20% Iridium Concesiones de Infraestructuras - Iridium Aparcamientos
SH 130 Concession Company, LLC 35% Zachry Toll Road 56 LLP
Skyway Concession Company Holding 45% MIG Chicago Holdings LLc
Statewide Mobility Partners LLC 50% MIG Indiana Holdings Llc
g) Proposed distribution of profit: propose to the shareholders at the Company’s Annual General Meeting that the profit of
FERROVIAL, S.A. should be distributed as follows:
Profit of FERROVIAL, S.A. (euros) 157,439,578
Distribution (euros)
To voluntary reserves (euros) 10,737,527
Interim dividend (euros) 146,702,051
The legal reserve has reached the legally stipulated level.
The proposal to be submitted to the shareholders at the Annual General Meeting will be to distribute an interim dividend of EUR 0.20
per share out of the profit of FERROVIAL, S.A.
Liquidity statement and interim dividend: On 27 October 2011, the Board of Directors resolved to:
- Pay an interim dividend for 2011 of EUR 0.20 per share, equal to a total interim dividend of EUR 147 million.
- Prepare the following accounting statement supporting the Company’s liquidity, pursuant to Article 277 of the Spanish Limited
Liability Companies Law, evidencing sufficient liquidity (cash and cash equivalents and credit lines).
Liquidity summary 2011
(Millions of euros)
Available cash (Corporate + FA + FS + Cintra) 604
Available credit Ferrovial, S.A. 780
Available credit Ferrovial Agroman, S.A. 92
Other credit lines of subsidiaries 15
Total liquidity available for distribution 1,491
Pursuant to Article 277 of the Spanish Limited Liability Companies Law, the amounts to be distributed did not exceed the profit earned
since the end of the previous financial year, after deducting estimated income tax payable on such profit and the amount that must be
appropriated to legal reserves.
The interim dividend was paid on 17 November 2011.
Ferrovial, S.A. Consolidated financial statements at 31 December 2011 54