Annual Report 2010 - CMVM

Notes to the Consolidated Financial Statements as at 31 December 2010position are net of impairment losses arising from bad debt which were estimated by the Group in accordance with its experience and based on its assessment of the economicsituation and environment.The Board of Directors believes that the book value of the accounts receivable is close to their fair value.The Group has no significant concentration of credit risks, since it is diluted over a wide range of customers and other debtors.28 - RELATED PARTIESThe transactions and balances between the companies of the Group included in the consolidation perimeter, which are related parties, are eliminated in the consolidationprocess and are not disclosed in the present note. The balances and transactions between the Group and the associated, related and individual companies with significantvoting power which have their own companies, are detailed below.The terms or conditions practiced between the Group and the related parties are, in substance, identical to those which would normally be contracted, accepted and practicedbetween independent entities in comparable operations.The main balances with related parties as at 31 December 2010 and 2009 can be broken down as follows:Balances receivable Balances payableLoansgrantedOther debts2010 2009 2010 2009 2010 2009 2010 2009Agrepor Agregados - Extracção Inertes, S.A. - 32 - - - - - -ALSOMA, GEIE - - 24 - - - - -ALVORADA PETRÓLEO, S.A. - - - - - 2,838 - -AVIA PORTUGAL, S.A. - - 31 - - - - -Promociones Inmobiliárias 3003, C.A. - - - - - - (55) -EIA - Ensino de Investigação e Administração, S.A. - - - - - - (324) -Cimpor - Industria de Cimentos, S.A. - 136 - 16 - - - -Cimpor Betão - Industria de Betão, S.A. - - - 23 - - - -CINTEL - Construção Interceptor Esgotos, S.A. 46 - - 3 - -IMOC - Empreendimentos Imobiliários, S.A.R.L. 2,349 - - - - - (247) (247)ISA - Intelligent Sensing Anywhere, S.A. - - 15 53 65 65 - -Cimpor Macau Investment Company, S.A. - - - - 8,536 8,536 - -STELGEST - Gestão Hoteleira, S.A. 27 32 - - 8 237 (716) (381)TRAVERSOFER - Industrie et Service Ferroviaire, SARL 6 5 - - - - - -2,428 205 70 92 8,612 11,676 (1,342) (628)The main transactions carried out in the year ended on 31 December 2010 with related entities were as follows:Sales and Purchases andservices rendered services obtainedInterestdebitedAlsoma, GEIE. - 24 -AVIA PORTUGAL, S.A. - 30 -ISA - Intelligent Sensing Anywhere, S.A. - 48 -STELGEST - Gestão Hoteleira, S.A. 121 1 21TRAVERSOFER - Industrie et Service Ferroviaire, SARL 1 - 1VSL Sistema de Pré-Esforço - Equipamento de Montagem, S.A. 110 74 -232 177 22188