Annual Report 2010 - Enel.com

The following table reports the provisional and definitive
fair values of the assets acquired and the liabilities
and contingent liabilities assumed at the acquisition
date of June 25, 2009, indicating the amount recognized
Endesa balance sheet at the acquisition date (25.01%)
following the provisional allocation at December 31, 2009
and the amount recognized in 2010 following the definitive
allocation.
Adjustments for Adjustments for Restated
provisional definitive carrying
Carrying fair value fair value amount
amount prior to measurement measurement at June 25,
Millions of euro
June 25, 2009 at Dec. 31, 2009 in 2010
2009
Property, plant and equipment 13,171 37 225 13,433
Intangible assets 4,455 - 587 5,042
Inventories, trade receivables and other receivables 1,702 - - 1,702
Cash and cash equivalents 560 - - 560
Other current and non-current assets 4,693 31 - 4,724
Total assets
Shareholders’ equity attributable to shareholders of the Parent
24,581 68 812 25,461
Company 5,395 624 246 6,265
Minority interests 4,122 210 316 4,648
Financial debt 6,686 - - 6,686
Trade payables 1,575 - - 1,575
Financial liabilities and other current and non-current liabilities 5,382 (766) 250 4,866
Employee benefits and risk provisions 1,421 - - 1,421
Total liabilities and shareholders’ equity 24,581 68 812 25,461
The main adjustments, summarized above, to the fair values
of the assets acquired and the liabilities and contingent
liabilities assumed are attributable to the following
factors:
> the adjustment of the value of certain items of property,
plant and equipment and intangible assets as a
result of the completion of the measurement of their
fair value;
> the adjustment of the value of some liabilities connected
with certain components of Spain’s power transmission
grid;
> the determination, where applicable, of the tax effects
of the above adjustments;
> the allocation, where applicable, of the above adjustments
to minority interests.
Compared with the provisional determination at December
31, 2009, the identification of the additional adjustments
increased the value of the net assets acquired
(excluding the share attributable to minority interests)
by €984 million and, in compliance with IFRS 3 for business
combinations completed in stages, 67.05% of the
adjustment was recognized in equity attributable to
the shareholders of the Parent Company (€656 million).
Taking account of the effect of the provisional allocation
already made at December 31, 2009 in the amount of
€1,670 million, the overall increase in Group equity attributable
to the 67.05% of the identified adjustments
amounted to €2,326 million.
7
Segment information
The representation of divisional performance and financial
position presented here is based on the approach
used by management in monitoring Group performance
for the two periods under review.
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