Annual Report of ACS Group - Grupo ACS

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Consolidated Financial Statements Name Activity Performed 156 ANNUAL REPORT 2010 ACS GROUP Type of arrangement Company through which the Activity is Performed Position or Function at the Company Concerned Agustín Batuecas Torrego Transport by railway Employee Logitren Joint Administrator Pedro José López Jiménez Industrial Services Employee ACS Servicios, Comunicaciones y Energía Director Pedro José López Jiménez Construction Employee Dragados, S.A. Deputy Chairman Pedro José López Jiménez Urban services and concessions Employee ACS, Servicios y Concesiones, S.L. Director Pedro José López Jiménez Special Foundations Employee GTCEISU Construcción, S.A. Chairman (through Fapindus, S.L.) Santos Martínez-Conde Gutiérrez-Barquín Santos Martínez-Conde Gutiérrez-Barquín Santos Martínez-Conde Gutiérrez-Barquín Finance Employee Banca March, S.A. Director Steel Employee Acerinox, S.A. Director Holding company Employee Corporación Financiera Alba, S.A. CEO Javier Monzón de Cáceres Urban services and concessions Employee ACS, Servicios y Concesiones, S.L. Director Javier Monzón de Cáceres Information Technologies Employee Indra Sistemas, S.A. Chairman Julio Sacristán Fidalgo Motorway Concessions Employee Autopistas Aumar, S.A.C.E. Director Miquel Roca i Junyent Infrastructure Concessions Employee Abertis Infraestructuras, S.A. Non-Director secretary Miquel Roca i Junyent Finance Employee Banco Sabadell, S.A. Non-Director secretary Miquel Roca i Junyent Energy Employee Endesa Independent non-executive board member Álvaro Cuervo García Stock Exchange Employee BME-Bolsas y Mercados Españoles, S.A. Director José Luis del Valle Pérez Urban services and concessions Employee ACS, Servicios y Concesiones, S.L. Director-Secretary José Luis del Valle Pérez Industrial Services Employee ACS, Servicios , Comunicaciones y Energía, S.L. Director-Secretary José Luis del Valle Pérez Construction Employee Dragados, S.A. Director-Secretary José Luis del Valle Pérez Engineering and Assembly Work Employee Cobra Gestión de Infraestructuras, S.L. José Luis del Valle Pérez Engineering and Assembly Work Employee Sociedad Española de Montajes Industriales, S.A. José Luis del Valle Pérez Infrastructure Concessions Employee Iridium Concesiones de Infraestructuras, S.A. Director-Secretary Director-Secretary Director José Luis del Valle Pérez Integral Maintenance Employee Clece, S.A. Director
Name Activity Performed Type of arrangement Company through which the Activity is Performed José Luis del Valle Pérez Concessions Employee Saba Aparcamientos, S.A. Director José Luis del Valle Pérez Urban Services Employee Urbaser, S.A. Director In 2010 ACS Group had commercial relationships with companies in which some of its directors held positions of responsibility. All of these commercial dealings have been carried out in the normal course of business under market conditions and corresponding to the common operations of the Group. Members of the Board of Directors of the Parent have at no point during the year been in a situation of confl ict of interest. 36. Guarantees undertaken with third parties and other contingent liabilities At 31 December 2010, ACS Group had provided guarantees to third parties in connection with its activities for the sum of EUR 12,290,249 thousands (EUR 9,509,682 thousands in 2009). The Group’s Directors consider that no material liabilities additional to those recognised in the accompanying consolidated fi nancial statement will arise as a result of the transactions described in this note. The contingent liabilities include that relating to the normal liability of the companies with which the Group carries out its business activities. Normal liability is that concerning compliance with the contractual obligations undertaken in the course of construction, industrial services or urban services by the companies themselves or the joint ventures (UTEs) in which they participate. This coverage is achieved by means of the corresponding guarantees provided to secure the execution of the contracts, compliance with the obligations undertaken in the concession contracts, etc. Lastly, the various Group companies are exposed to the risk of having court and out-of-courts claims fi led against them. In this regard, in relation to one of the Group’s investee concessionary companies there is a potential purchase option entitlement by non-controlling shareholders that the Group and its legal advisors understand to be in breach of the conditions established for execution, and for such reason no liabilities have been registered in the accompanying consolidated fi nancial statements. In these cases, the Directors of the Group companies consider that the possible effect on the fi nancial statements would not be material. 157 ECONOMIC AND FINANCIAL REPORT CONSOLIDATED FINANCIAL STATEMENTS Position or Function at the Company Concerned José Luis del Valle Pérez Investments Employee Del Valle Inversiones, S.A. Director acting severally José Luis del Valle Pérez Motorway Concessions Employee Iberpistas, S.A.C.E. Director-Secretary José Luis del Valle Pérez Concessions Employee Admirabilia, S.L. Director José Luis del Valle Pérez Concessions Employee Trebol International Director Joan David Grimà Terré Environment Employee Cory Environmental Management Limited Director Francisco Verdú Pons Holding company Employee Corporación Financiera Alba, S.A. Director Francisco Verdú Pons Finance Employee Banca March, S,A, Deputy Chairman Florentino Pérez Rodríguez Concessions Employee Abertis Infraestructuras, S.A. Deputy Chairman Sabina Fluxá Thienemann Tourism Employee Iberostar Hoteles y Apartamentos, S.L. Director
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Annual Report of ACS Group
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Economic and Financial Report of AC
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03 ECONOMIC AND FINANCIAL REPORT
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As far as the cash generation capac
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1.02.01. Net sales Sales amounted t
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1.02.04. Net fi nancial profi t/los
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1.03.01. Non-current assets Intangi
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The funds coming from the sale of 1
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The international backlog, which al
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1.05.04. Industrial Services Indust
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2. Securities Market performance 2.
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2.02. Treasury shares At 31 Decembe
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3) Growing and responsible investme
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In Environmental Services, the ACS
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The board members shall cease to ho
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closing prices of the Company share
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Likewise, the General Shareholders
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equest admission of the newly issue
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Equity and liabilities Note 31/12/2
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Consolidated statement of comprehen
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Consolidated statement of cash fl o
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6. The direction and execution of a
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24. Handling, packing and distribut
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• The assumptions used in the cal
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Thousands of euros As a result of t
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Appendix I to these notes to the co
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In accordance with IAS 27, since al
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The detail of the allocation of the
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3.01. Goodwill Goodwill arising on
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3.02.04. Remaining intangible asset
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This heading also includes the amou
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Gains or losses arising from the re
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The fair value of investments activ
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Since the ACS Group continued to ha
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Thousands of euros Non-current asse
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3.12.02. Trade and other payables T
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Provisions for termination benefi t
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3.16. Revenue recognition Revenue i
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The current income tax expense is c
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Thousands of euros Additionally, in
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Transactions costs are expensed (pr
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The change in the scope of consolid
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In 2009 investments amounted to EUR
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The Group has mortgaged land and bu
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The changes in this heading in 2010
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7. Investment property The changes
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The detail, by company, of the Inve
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Additionally, ACS Actividades de Co
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market price of the share is less t
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Finally, and in order to complete t
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10.03. Other loans The detail of th
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12. Trade and other receivables The
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Change in the allowances for doubtf
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Page 109 and 110: Pursuant to Consolidated Companies
Page 111 and 112: The exchange differences on 1 Janua
Page 113 and 114: The composition of the balance at 3
Page 115 and 116: The balances of bank borrowings At
Page 117 and 118: It is the Group’s policy to lease
Page 119 and 120: from the shares acquired. The balan
Page 121 and 122: - On 30 April 2010, fi nancing was
Page 123 and 124: contingency or corresponding challe
Page 125 and 126: 21. Financial risk management and c
Page 127 and 128: Liquidity risk This risk results fr
Page 129 and 130: 22. Derivative fi nancial instrumen
Page 131 and 132: • The Concesionaria Santiago Bri
Page 133 and 134: 24. Other current liabilities The b
Page 135 and 136: 25.02.02. Income statement by busin
Page 137 and 138: 25.02.04. Statement of fi nancial p
Page 139 and 140: The reconciliation of ordinary inco
Page 141 and 142: The Group’s other subsidiaries fi
Page 143 and 144: Thousands of euros Assets Balance a
Page 145 and 146: Under the heading of “Capitalised
Page 147 and 148: The share options under the 2004 Pl
Page 149 and 150: 29. Impairment and gains or losses
Page 151 and 152: 33.01. Transactions with associates
Page 153 and 154: At 31 December 2010, the pending ba
Page 155 and 156: The remuneration of the Directors,
Page 157: Additionally, and pursuant to the a
Page 161 and 162: The main environmental measures tak
Page 163 and 164: Principal environmental management
Page 165 and 166: Company Registered Offi ce Activity
Page 181 and 182: UTE/EIG Address Activity Auditor (*
Page 183 and 184: Company Address Activity Auditor At
Page 185 and 186: Company Address Activity Auditor De
Page 187 and 188: Company Address Activity Auditor Ne
Page 189 and 190: Companies with consolidation accoun
Page 191 and 192: 189 ECONOMIC AND FINANCIAL REPORT A
Page 193: Consolidated balance sheet as of De
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Annual Report of ACS Group - Grupo ACS

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