Annual Report 2010 - CMVM

Notes to the Consolidated Financial Statements as at 31 December 20102.23 - Non-current assets held for saleNon-current assets (or discontinued operations) are classified as held for sale whenever it is determined that their value will be recovered through their sale and not throughtheir continued use. This situation is considered to occur only when: (i) the sale is highly probable; (ii) the asset is available for sale immediately in its current conditions; (iii)the management is committed to a sales plan and, (iv) it is expected that the sale will take place within the period of twelve months.Non-current assets (or discontinued operations) classified as held for sale are measured at the lowest value of their book value and respective fair value minus the costs oftheir sale.2.24 - Earnings per shareEarnings per share are calculated by dividing the earnings attributable to the ordinary shareholders of TD,SA by the weighted average number of shares in circulation duringthe year.The diluted earnings per share are calculated by dividing the earnings attributable to the ordinary shareholders of TD,SA by the weighted average number of shares in circulationduring the year, adjusted by potential ordinary diluting shares.The potential ordinary diluting shares can result from options over shares and other financial instruments issued by the Group, convertible into TD,SA shares.2.25 - Subsequent eventsEvents occurring after the balance sheet date that provide additional information about conditions that existed on the balance sheet date are duly reflected in the consolidatedfinancial statements.Events occurring after the balance sheet date that provide additional information on conditions that occurred after the balance sheet date are disclosed in the notes to theconsolidated financial statements.3 - ALTERATIONS OF POLICIES, ESTIMATES AND ERRORSDuring the year ended on 31 December 2010, there were no alterations to the accounting policies considered in the preparation of the financial information of TD-EC relativeto the year ended on 31 December 2009 (see Introductory Note) and referred to in the respective notes, and no significant material errors were recorded or alterations madeto the accounting estimates relative to previous years.4 - COMPANIES INCLUDED IN THE CONSOLIDATION PERIMETERAs at 31 December 2010, Teixeira Duarte, S.A. and the following controlled companies were included in the consolidation, by the full method:Company name Head office Effective percentageholdingINTERNAL MARKETCONSTRUCTIONBEL-ere - Engenharia e Reabilitação de Estruturas, S.A. Edifício 1, Lagoas Park 100.00%Porto SalvoCONSTRUSALAMONDE, ACE Edifício 2, Lagoas Park 92.50%Porto SalvoEPOS - Empresa Portuguesa de Obras Subterrâneas, S.A. Edifício 1, Lagoas Park 100.00%Porto SalvoOFM - Obras Públicas, Ferroviárias e Marítimas, S.A. Edifício 1, Lagoas Park 60.00%Porto SalvoSOMAFEL - Engenharia e Obras Ferroviárias, S.A. Edifício 1, Lagoas Park 60.00%Porto SalvoTeixeira Duarte – Engenharia e Construções, S.A. Edifício 2, Lagoas Park 100.00%Porto Salvo162