Annual Report 2009 - Isagen

ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.11423. Equity revaluationInflation adjustments to balances of equity accounts until December31, 2001 have been credited to this account. According to currentregulations, this balance cannot be distributed as earnings until theCompany is liquidated or capitalized; however, it may be used to recordequity tax. Such capitalization represents for the stockholdersrevenues not constituting income or excess profits.24. Effects of changes to the PublicAccounting General PlanBalance of this account at December 31, 2009 and 2008 included:Assets impairment 18,718Studies write-off 68119,39925. Operating revenuesBalances of operating revenue accounts for the years ended onDecember 31 included:2009 2008Energy sales through contracts (*) 957,069 982,811Energy Pool sales 392,578 166,955Gas sales 54,508 76,830Technical Services 6,397 5,1041.410,552 1.231,700(*) Sales of energy under contracts include: $447,025 for regulated companies(2008 - $484,745), $448,461 for non-regulated companies (2008 - $477,185),and sales to Venezuela for $61,583 (2008 - $20,881).Accumulated balance corresponds to the effect on equity of regulationchanges established in 2006 by the National General AccountingOffice in the Public Accounting General Plan (PGCP, for its Spanishinitials) for treatment of assets’ impairment and intangibles duringthe projects’ research stage.Such item is included in equity at the disposal of the Shareholders’Meeting.Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management