Download - Ferrovial - Annual Report 2012

Consolidated financial statements at 31 December 2011
Ferrovial S.A. and Subsidiaries
The main changes in restricted cash arose at both LBJ Infraestructure Group and NTE Mobility Partners from the pledge of funds from
bond issues which were used to finance construction (see Note 8).
The heading “Other Cash and Cash Equivalents” relates to bank accounts and highly-liquid investments subject to interest rate risk.
With respect to the change in BAA (see Note 2)
C) Breakdown of infrastructure project borrowings
C.1) Analysis of short-term and long-term balances by project
31/12/11 31/12/10 Change 2011 - 2010
Amounts in millions of euros Bonds
Bank
borrowings Total Bonds
Bank
borrowings Total Bonds
Bank
borrowings Total
LONG TERM 1,918 3,585 5,503 10,022 9,544 19,566 -8,104 -5,958 -14,063
BAA 0 0 0 8,185 6,552 14,737 -8,185 -6,552 -14,737
Skyway Concession 1,055 120 1,175 1,019 112 1,131 36 8 44
NTE Mobility Partners 301 50 351 291 291 10 50 60
LBJ Infraestructure Group 463 43 506 428 428 35 43 78
Spanish toll roads 1,135 1,135 1,148 1,148 0 -13 -13
Portuguese toll roads 101 435 536 101 435 536
Other toll roads -3 1,390 1,387 99 1,536 1,635 -102 -146 -248
Construction 0 154 154 0 142 142 0 12 12
Services 0 259 259 0 54 54 0 205 205
SHORT TERM 2 1,143 1,146 11 1,404 1,415 -9 -261 -269
BAA 280 280 -280 -280
Skyway Concession 0 9 9 6 6 0 3 3
Eurolink Motorway 14 14 0 14 14
Portuguese toll roads 2 4 6 2 4 6
Spanish toll roads 1,085 1,085 1,042 1,042 0 43 43
Other toll roads
Services
0 19
13
19
13
11 76 87 -11 -57
13
-68
13
TOTAL 1,920 4,729 6,649 10,033 10,948 20,981 -8,113 -6,220 -14,333
If a constant exchange rate is applied, taking 2010 as a base, there would be an impact on net debt of EUR -58 million as a result of
the 3% fall in the US-dollar exchange rate.
Ferrovial, S.A. Consolidated financial statements at 31 December 2011 62