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Annual Report 2010 - CMVM

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Financial Statements <strong>2010</strong>8.4. As at 31 December <strong>2010</strong> and 2009, the other current liabilities were broken down as follows:<strong>2010</strong> 2009State and other public bodies - Withholdings at Source: 21 -Remunerations payable - Governing Bodies 19 -Participation in profit or loss 1,500 -Accrued costs 31 7Miscellaneous creditors - 61,571 138.5. The interest and similar costs paid, in the periods of <strong>2010</strong> and 2009, were broken down as follows:<strong>2010</strong> 2009Interest Paid 45 -9. Disclosures required by legal diplomasThe Board of Directors informs that the Company does not have any debts to the State in a situation of late payment, under the terms of Decree-Law 534/80, of 7 November.Pursuant to Decree-Law number 411/91, of 17 October, the Board of Directors informs that the situation of the Company before Social Security is settled, within the legally stipulatedperiods of time.10. Legal reserveThe Portuguese commercial legislation establishes that at least 5% of annual net income should be used to reinforce the legal reserve until it represents at least 20% of the share capital.This reserve is not distributable, except in the case of the Company's liquidation, but may be used to absorb losses, after all the other reserves have been exhausted, and incorporatedin the share capital.11. Application of Net IncomeThrough decision of the General Meeting held on 6 September <strong>2010</strong>, the accounts for the year ended on 31 December 2009 were approved and it was decided that the net incomeshould be applied as follows:2009Legal Reserve 500Free Reserves 2,391Dividends 4,0646,95512. External Supplies and ServicesThe external supplies and services for the years ended on 31 December <strong>2010</strong> and 2009 were broken down as follows:<strong>2010</strong> 2009Specialised work 458 7Fees 17 -Banking services 72 -Other 15 -562 7140

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