Annual Report of ACS Group - Grupo ACS

Consolidated
Financial Statements
Said provisions are funded as the associated commitments arise, with their usage calendar being either associated with
the number of tonnes treated in the case of waste treatment concessions and the progress in fi lling the different basins, or
in the case of concessions of other activities, being associated with the use of infrastructure and/or wear and tear of the
same. Said calendars are analysed according to the Economic/Financial Model of each concession, considering the historical
information of the same for the purpose of adjusting possible deviations that could arise in the calendar included in the
models thereof.
Provision for settlement of losses of works
This pertains to the losses budgeted for construction works, as well as for the expenses arising from the same, once they
are fi nished until the fi nal settlement takes place, determined systematically based upon a percentage over the production
value, throughout the execution of the works, according to the experience in construction activities.
The breakdown of the provision for responsibilities, by business areas, is the following:
Line of Business
Thousands of euros
Construction 62,857
Industrial Services 91,991
Environment 126,254
Concessions 20,171
Corporation 59,715
Total 360,988
During 2010, the most relevant variation took place due to the reversal of the provisions associated with tax risks,
fundamentally with the deduction for exporting activities, once the judgment was given largely in favour of the ACS Group
at the TEAC and the audit was completed by the tax authorities in the month of July 2010. Said reversal is covered under the
heading “Other profi t or loss” from the consolidated in income statement for the amount of EUR 39.9 million.
The total amount of the payments arising from litigation made by the ACS Group during 2010 and 2009 was not signifi cant
in relation to these consolidated summary fi nancial statements.
The changes in current provisions during 2010 were as follows:
Currents
Thousands of euros
122
ANNUAL REPORT 2010
ACS GROUP
Provision for
termination
benefi ts
Provision for
completion of
works
Provision for
other traffi c
operations Total
Balance at 31 December 2009 13,013 112,447 142,915 268,375
Additions or period charges 5,901 25,921 27,082 58,904
Applications (4,313) (15,152) (46,004) (65,469)
Reversals (252) (11,691) (13,901) (25,844)
Exchange differences 139 (841) (1,920) (2,622)
Balance at 31 December 2010 14,488 110,684 108,172 233,344