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126 Annual Report 2009<br />
HOCHTIEF Group Consolidated Financial<br />
Statements as of December 31, 2009<br />
Consolidated Statement of Earnings .................... 127<br />
Consolidated Statement of<br />
Comprehensive Income........................................... 128<br />
Consolidated Balance Sheet .................................. 129<br />
Consolidated Statement of Cash Flows ................ 130<br />
Consolidated Statement of Changes in Equity .... 131<br />
Responsibility Statement ..........................................132<br />
Auditors’ Report ......................................................... 133<br />
Notes to the Consolidated Financial<br />
Statements ................................................................ 134<br />
Accounting Policies ...................................................... 134<br />
Explanatory Notes to the Consolidated Statement<br />
of Earnings ................................................................... 145<br />
Explanatory Notes to the Consolidated<br />
Balance Sheet ............................................................. 150<br />
Other Disclosures ........................................................172<br />
Proposal by Executive Board for Use of Net Profit ........191<br />
Subsidiaries, Associates and Other Significant<br />
Participating Interests of the HOCHTIEF Group<br />
at December 31, 2009 ................................................. 192
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