Annual Report 2010 - CMVM

Consolidated Statement of Changes in Equity for the Year ended on 31 December 2010 and 2009Reserves and Retained EarningsNotesShareCapitalAdjustments ofshareholdingsin associatesCurrencyconversionadjustmentsLegalReserveFree Fair ValueReserves ReservesOperationsof hedging Net Income ConsolidatedReserves Retained net IncomeTotal of the Equityattributable toShareholdersNon-controllingInterestsTotalBalance as at 1 de January de 2010 1 and 32 287,881 - - - - - - - (11) 287,870 226,767 514,637Full income for the period:Consolidated net income for the year - - - - - - - - 46,392 46,392 (7,014) 39,378Variation in currency conversion adjustments - - 40,893 - - - - - - 40,893 3,438 44,331Variation in fair value and disposal of financial assetsavailable for sale 24 - - - - - (13,980) - - - (13,980) - (13,980)Effect of hedging operations 40 - - - - - - (1,868) - - (1,868) - (1,868)Effect of the application of the equity method 22 - 2,830 - - - - - - - 2,830 - 2,830Other - - - - - - - (16,670) - (16,670) (2,588) (19,258)Operations with shareholders in the period:Application of the consolidated net income of 2009:Transfer to the legal and free reserve - - - 500 2,391 - - (2,891) - - - -Dividends distributed 17 - - - - - - - (4,064) - (4,064) - (4,064)Transfer to retained earnings - - - - - - - (11) 11 - - -Share capital increase 1 and 32 132,119 - - - - - - - - 132,119 (132,119) -Balance as at 31 December 2010 420,000 2,830 40,893 500 2,391 (13,980) (1,868) (23,636) 46,392 473,522 88,484 562,006The notes are an integral part of the consolidated statement of changes in equity for the year ended on 31 December 2010.Reserves and Retained EarningsNotesShareCapitalAdjustments ofshareholdingsin associatesCurrencyconversionadjustmentsLegalReserveFree Fair ValueReserves ReservesOperationsof hedging Net Income ConsolidatedReserves Retained net IncomeTotal of the Equityattributable toShareholdersNon-controllingInterestsTotalBalance as at 1 de January de 2009 1 and 32 - - - - - - - - - - - -Full income for the period:Consolidated net income for the year - - - - - - - - - - - -Variation in currency conversion adjustments - - - - - - - - - - - -Variation in fair value and disposal of financial assetsavailable for sale - - - - - - - - - - - -Effect of hedging operations - - - - - - - - - - - -Effect of the application of the equity method - - - - - - - - - - - -Other - - - - - - - - - - 94,648 94,648Operations with shareholders in the period:Application of the consolidated net income of 2009:Transfer to the legal and free reserve - - - - - - - - - - - -Dividends distributed - - - - - - - - - - - -Transfer to retained earnings - - - - - - - - (11) (11) - (11)Share capital increase 1 and 32 287,881 - - - - - - - - 287,881 132,119 420,000Balance as at 31 December 2009 287,881 - - - - - - - (11) 287,870 226,767 514,637147