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Annual Report 2010
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Contents Enel Annual Report 2010 Re
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Report on operations
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Iberia and Latin America Endesa Int
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operates in the end-user market for
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Powers Board of Directors The Board
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The contribution of the operating D
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The Spanish market saw a turnaround
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30.8% of its shares are listed on t
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of 21.4%). More specifically, the p
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Millions of euro Operating assets O
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21 10 January Acquisition of Padoma
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19 April €10 billion revolving li
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1 July Sale of power transmission n
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11 10 November Enel and Kepco sign
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of industrial economies (such as Ge
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inventories at their highest level
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Italy The electricity market Domest
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gradually increasing use, as from 2
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information on customers who have f
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Following the hearing of February 1
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With Resolution ARG/elt no. 211/10,
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Gas transport and metering rates Wi
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With Resolution VIS no. 162/10, the
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Developments in prices in the main
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lished on January 26, 2011, the Min
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On July 2, 2010, the CNC had undert
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ANEEL resolution also provides for
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daily wholesale market. Specificall
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the ARENH price will be set with a
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leading to a final 2010 system cost
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electricity from hydroelectric plan
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National renewable energy action pl
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were held in 2010. Plants with a to
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USA Carbon regulation On May 12, 20
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cial receivables in respect of the
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The performance and balance sheet f
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Costs Millions of euro 2010 2009 re
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Analysis of the Group’s financial
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Sundry provisions, totaling €17,2
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in long-term financial receivables
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eceivable in respect of the sale to
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(1) (2) 2009 results restated Milli
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1 Sales The Sales Division is respo
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the free market, which benefited fr
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- Page 127 and 128: The Nine Points project was one of
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- Page 133 and 134: tainability and governance help bus
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- Page 151 and 152: Translation of financial statements
- Page 153 and 154: Notes to the financial statements 1
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- Page 157 and 158: Millions of euro Enel Unión Fenosa
- Page 159 and 160: lated depreciation and any impairme
- Page 161 and 162: Inventories also include purchases
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- Page 165 and 166: The recoverability of deferred tax
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- Page 169 and 170: 4 Restatement of balance sheet figu
- Page 171 and 172: Millions of euro Revenues 2009 Ende
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- Page 187 and 188: Costs 9.a Raw materials and consuma
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“Plant and machinery” includes
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In 2009, “other changes” includ
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17. Deferred tax assets and liabili
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19. Non-current financial assets -
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The following table reports the fai
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22. Trade receivables - €12,505 m
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“Other securities” consist enti
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Economy and Finance received 17.36%
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Long-term financial debt by currenc
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Millions of euro Carrying amount Fa
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guarantees or privileges with respe
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Millions of euro at Dec. 31, at Dec
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(12.4% in Spain and 18.3% in other
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Other provisions “Other” provis
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33. Other non-current liabilities -
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The following table reports the fai
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The following table summarizes the
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41. Contingent liabilities and asse
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Out-of-court disputes and litigatio
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the power for local Land Registry O
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Repayment of Credit Facility With e
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of the capital increase completed b
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Name Position Fulvio Conti Number o
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The following table reports develop
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Remuneration (euro) Non-monetary be
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Report on corporate governance and
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veto to the adoption of resolutions
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For the sake of completeness, it sh
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Chairman and the Chief Executive Of
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with regard to the adoption of the
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21.10% of the Company’s share cap
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Alessandro Luciano, 59, Director (d
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person concerned must waive or tran
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the Board; (iv) the strategies purs
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Committees In order to ensure that
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to oversee the effectiveness of the
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PricewaterhouseCoopers network as t
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As ascertained by the Board of Dire
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their observance with regard to sho
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Non-EU foreign subsidiaries During
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in which Company and Group represen
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provided that (i) the latter has co
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outside the Company or the Group, w
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Table 1: Structure of Enel’s Boar
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Table 3: Other provisions of the Se
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Declaration of the Chief Executive
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1. The undersigned Fulvio Conti and
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Subsidiaries, associates and other
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Company name Registered office Coun
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Enel Green Power SpA companies cons
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Company name Consolidated Hydro New
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Company name Registered office Coun
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Company name Registered office Coun
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Company name Hydro Constructional S
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Company name Parc Eolien de Beausé
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Company name Registered office Coun
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Subsidiaries held by Endesa SA cons
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Company name Registered office Coun
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Company name Registered office Coun
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Company name Synapsis Colombia Ltda
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Enel Green Power SpA companies cons
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Company name Registered office Coun
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Company name Registered office Coun
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Company name Gasoducto Atacama Arge
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Company name Registered office Coun
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Company name Registered Office Coun
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Company name Registered office Coun
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Company name Registered office Coun
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Companies in liquidation or held fo
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Report of the Independent Auditors