Annual Report 2010 - Enel.com

4
Restatement of balance sheet
figures at January 1, 2009 and at
December 31, 2009 and income
statement figures for 2009
The changes in the policies used to account for certain
assets in respect of services carried out on a concession
basis (IFRIC 12) and the transfer of assets from customers
(IFRIC 18) gave rise to adjustments of the related balance
sheet and income statement accounts, included in the
consolidated financial statements at December 31, 2009
and presented for comparative purposes only in these
consolidated financial statements at December 31, 2010.
More specifically, the retrospective application of the interpretations
set out in IFRIC 12 involved appropriate
Millions of euro
reclassifications in the consolidated balance sheet at December
31, 2009 and at January 1, 2009 (see December
31, 2008), while the prospective application as from July
1, 2009, of the provisions of IFRIC 18 led to the restatement
of a number of accounts in the consolidated balance
sheet and income statement at December 31, 2009.
In addition, the balance sheet and income statement figures
reported in the 2009 consolidated financial statements
have been restated to take account of the effects of
the definitive determination in 2010 (within the time limit
envisaged under the 2003 version of IFRS 3, which was
applicable until January 1, 2010) of the fair value of the
assets acquired and the liabilities and contingent liabilities
assumed with the acquisition of the 25.01% of Endesa on
June 25, 2009 (see note 6).
The following table shows the changes in the consolidated
balance sheet and income statement, reporting the differences
in accordance with the reason for the modification.
Application
of IFRIC 12 Endesa PPA
Application
of IFRIC 12
at Jan.
at Dec.
at Dec. 31,
1, 2009 at Dec. 31,
31, 2009
ASSETS
Non-current assets
2008
restated 2009
restated
Property, plant and equipment 61,524 (1,519) 60,005 79,100 661 (3,174) 76,587
Investment property 462 - 462 295 - - 295
Intangible assets 25,779 1,372 27,151 34,403 1,468 2,849 38,720
Deferred tax assets
Equity investments accounted for using the
5,881 - 5,881 6,238 - - 6,238
equity method 397 - 397 1,029 - - 1,029
Non-current financial assets 4,338 17 4,355 8,954 - 70 9,024
Other non-current assets 1,937 - 1,937 976 - - 976
Current assets
100,318 (130) 100,188 130,995 2,129 (255) 132,869
Inventories 2,182 - 2,182 2,500 - - 2,500
Trade receivables 12,378 - 12,378 13,010 - - 13,010
Tax receivables 1,239 - 1,239 1,534 - - 1,534
Current financial assets 3,255 - 3,255 4,186 - - 4,186
Cash and cash equivalents 5,106 - 5,106 4,170 - - 4,170
Other current assets 3,478 - 3,478 3,490 - - 3,490
27,638 - 27,638 28,890 - - 28,890
Assets held for sale 5,251 - 5,251 572 - - 572
TOTAL ASSETS 133,207 (130) 133,077 160,457 2,129 (255) 162,331
169