Annual Report 2009 - Isagen

More documents

Recommendations

Info

ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.94STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITYfor the years ended december 31, 2009 and 2008(In millions of Colombian Pesos)Capital stock Additional Reserves Income ofthe periodRevaluationsurplusEquityrevaluationEffect ofPGCPBalances at December 31, 2007 68,152 49,344 386,444 207,895 1.044,103 1.299.460 (19,399) 3.035,999Appropriations made by the- - 72,410 (72,410) - - - -Shareholders’ MeetingDecrease in revaluations - - - - (6,884) - - (6,884)Cash dividends ($49.70* per share) - - - (135,485) - - - (135,485)Equity tax - - - - - (21,460) - (21,460)Year's income - - - 260,321 - - - 260,321Balances at December 31, 2008 68,152 49,344 458,854 260,321 1.037,219 1.278,000 (19,399) 3.132,491TotalAppropriations made by theShareholders’ Meeting - - 111,211 (111,211) - - - -Decrease in revaluations - - - - (1,809) - - (1,809)Cash dividends ($54.70* per share) - - - (149,110) - - - (149,110)Equity tax - - - - - (21,460) - (21,460)Year's income - - - 385.751 - - - 385,751Balances at December 31, 2009 68,152 49,344 570,065 385,751 1.035,410 1.256,540 (19,399) 3.345,863* In Colombian PesosThe accompanying notes are an integral part of these financial statements.Luis Fernando Rico Pinzón Elvia Luz Restrepo Saldarriaga Jorge Enrique Múnera DurangoChief Executive Officer Chief Accounting Officer T.P. 37982-T Statutory Auditor T.P. 25295-T(See attached certification) (See attached certification) Designated by Deloitte & Touche Ltda.(See attached report)Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.95NOTES TO THEFINANCIALSTATEMENTSSPECIFIC NOTESAT DECEMBER 31, 2009 AND 2008(Amounts expressed in millions of Colombian Pesos – $– andthousands of US Dollars –USD–, except when noted otherwise)GENERAL NOTES1. Economic entityISAGEN S.A. is a mixed-ownership utility established ascorporation as attested by public deed No. 230 of theSingle Notary Public Office of Sabaneta of April 4, 1995,ascribed to the Ministry of Mines and Energy, withindefinite term.The core purpose of ISAGEN S.A. E.S.P. is the generationand trading of electric energy, the trading of natural gasthrough pipes, and the trading of coal, steam and otherenergy sources for industrial use.To carry out its corporate purpose, the Company has the followingenergy generation plants:San Carlos Hydroelectric PlantJaguas Hydroelectric PlantCalderas Hydroelectric PlantMiel I Hydroelectric Power PlantTerm Centro Combined Thermal PlantContents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
Page 2 and 3:
ANNUAL REPORT 2009 / ISAGEN S.A. E.
Page 4 and 5:
Page 6 and 7:
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 14 and 15:
Page 16 and 17:
PROGRESS IN THEIMPLEMENTATION OFREC
Page 18 and 19:
Page 20 and 21:
Page 22 and 23:
Page 24 and 25:
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45: ANNUAL REPORT 2009 / ISAGEN S.A. E.
Page 66 and 67: (%) Variation versus last yearANNUA
Page 88 and 89: STATUTORY AUDITOR’S REPORTTo the
show all

Annual Report 2009 - Isagen

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?