Annual Report 2010 - Enel.com

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Company name Registered office Country Activity Share capital Currency Held by % holding 308 Enel Annual Report 2010 Attachments Group % holding Société d’Expl. du parc Lyon France Electricity generation from 37,000.00 EUR Enel Green Power 100.00% 69.17% Eolien de La Bouleste renewable resources France Sas (formerly Enel Erelis Sas) Société du Parc Eolien Paris France Electricity generation from 10,000.00 EUR Enel Green Power 100.00% 69.17% de Family Sarl renewable resources France Sas (formerly Enel Erelis Sas) Société du Parc Eolien Lyon France Electricity generation from 1,000.00 EUR Enel Green Power 100.00% 69.17% des Champs d’Eole Sarl renewable resources France Sas (formerly Enel Erelis Sas) Société du Parc Eolien Meyzieu France Electricity generation from 1,000.00 EUR Enel Green Power 100.00% 69.17% du Chemin de La Ligue renewable resources France Sas (formerly Snc Enel Erelis Sas) Soliloquoy Ridge LLC Minneapolis USA Electricity generation from - USD Chi Minnesota Wind 49.00% 33.89% (Minnesota) renewable resources LLC Somersworth Hydro Wilmington USA Electricity generation from 100.00 USD Chi Universal Inc. 100.00% 69.17% Company Inc. (Delaware) renewable resources Southwest Minneapolis USA Electricity generation from - USD Chi Minnesota Wind 49.00% 33.89% Transmission LLC (Minnesota) renewable resources LLC Spartan Hills LLC Minneapolis USA Electricity generation from - USD Chi Minnesota Wind 49.00% 33.89% (Minnesota) renewable resources LLC St-Félicien Montreal Canada Electricity generation from - CAD Chi S F LP 96.00% 66.40% Cogeneration (Quebec) renewable resources Summit Energy Wilmington USA Holding company 8,200.00 USD Enel North America 75.00% 51.88% Storage Inc. (Delaware) Inc. Sun River LLC Minneapolis USA Electricity generation from - USD Chi Minnesota Wind 49.00% 33.89% (Minnesota) renewable resources LLC Sweetwater Concord (New USA Electricity generation from 250.00 USD Chi Acquisitions II Inc. 100.00% 69.17% Hydroelectric Inc. Hampshire) renewable resources Taranto Solar Srl Rome Italy Electricity generation from renewable resources 100,000.00 EUR Enel Green Power SpA 51.00% 35.28% Tecnoguat SA Guatemala Guatemala Electricity generation from renewable resources 30,948,000.00 GTQ Enel Latin America BV 75.00% 51.88% Texkan Wind LLC Wilmington USA Electricity generation from (Delaware) renewable resources Tko Power Inc. Los Angeles USA Electricity generation from (California) renewable resources Transmisora de Energía Guatemala Guatemala Electricity generation from Renovable SA renewable resources Triton Power Company New York (New USA Electricity generation from York) renewable resources Tsar Nicholas LLC Minneapolis (Minnesota) Twin Falls Hydro Seattle Associates (Washington) Twin Falls Hydro Wilmington Company Inc. (Delaware) Twin Lake Hills LLC Minneapolis (Minnesota) Twin Saranac Holdings Wilmington LLC (Delaware) Unelco Cogeneraciones Las Palmas de Sanitarias del Archipiélago SA Gran Canaria USA Electricity generation from renewable resources USA Electricity generation from renewable resources USA Electricity generation from renewable resources USA Electricity generation from renewable resources USA Electricity generation from renewable resources Spain Cogeneration of electricity and heat WP Bulgaria 1 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 10 EOOD Sofia Bulgaria Construction, operation and maintenance of plants - USD Enel Texkan Inc. 100.00% 69.17% - USD Chi West Inc. 100.00% 69.17% 5,000.00 GTQ Enel Guatemala SA Generadora Montecristo SA - USD Highfalls Hydro Company Inc. Chi Highfalls Inc. - USD Chi Minnesota Wind LLC - USD Twin Falls Hydro Company Inc. 10.00 USD Twin Saranac Holdings LLC - USD Chi Minnesota Wind LLC - USD Enel North America Inc. 1,202,020.00 EUR Enel Green Power España SL (formerly Endesa Cogeneración y Renovables SA) 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 98.00% 2.00% 98.00% 69.17% 69.17% 2.00% 49.00% 33.89% 51.00% 35.28% 100.00% 69.17% 49.00% 33.89% 100.00% 69.17% 100.00% 78.32% 100.00% 69.17% 100.00% 69.17%
Company name Registered office Country Activity Share capital Currency Held by % holding WP Bulgaria 11 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 12 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 13 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 14 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 15 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 19 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 21 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 26 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 3 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 6 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 8 EOOD Sofia Bulgaria Construction, operation and maintenance of plants WP Bulgaria 9 EOOD Sofia Bulgaria Construction, operation and maintenance of plants Western New York Albany (New USA Electricity generation from Wind Corporation York) renewable resources Willimantic Power Hartford USA Electricity generation from Corporation (Connecticut) renewable resources Wind Park Maroussi Greece Electricity generation from Kouloukonas SA renewable resources Wind Park of Koryfao Maroussi Greece Electricity generation from SA renewable resources Wind Park of West Maroussi Greece Electricity generation from Ktenias SA renewable resources Wind Parks of Maroussi Greece Electricity generation from Korinthia SA renewable resources Wind Parks of Thrace Maroussi Greece Construction, operation SA and maintenance of plants, energy trading and services Winter’s Spawn LLC Minneapolis USA Electricity generation from (Minnesota) renewable resources 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD 5,000.00 BGN Enel Green Power Bulgaria EAD Group % holding 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 5,000.00 BGN Enel Green Power Bulgaria EAD 100.00% 69.17% 5,000.00 BGN Enel Green Power Bulgaria EAD 100.00% 69.17% 5,000.00 BGN Enel Green Power Bulgaria EAD 100.00% 69.17% 300.00 USD Enel North America Inc. 100.00% 69.17% - USD Chi Acquisitions Inc. 100.00% 69.17% 2,700,018.00 EUR Enel Green Power Hellas SA 60,000.00 EUR Enel Green Power Hellas SA 70,000.00 EUR Enel Green Power Hellas SA 3,279,500.00 EUR Enel Green Power Hellas SA 4,032,210.00 EUR Enel Green Power Hellas SA - USD Chi Minnesota Wind LLC 100.00% 69.17% 100.00% 69.17% 100.00% 69.17% 80.00% 55.34% 100.00% 69.17% 49.00% 33.89% (1) In many cases, the subsidiaries are formed as entities that do not require the payment of share capital. (2) For companies in which the holding is less than 50% Enel North America Inc. holds preference shares that enable it to determine the financial and operational policies of the company and therefore to exercise a dominant influence. 309
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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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Revenues for 2010 totaled €17,540
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of the International Division, rela
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Capital expenditure Millions of eur
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Net efficient generation capacity M
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an increase of €971 million in th
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Contribution to gross thermal gener
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The table below shows performance b
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Operations Net electricity generati
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prior-year items recognized in 2009
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Services and Other Activities The p
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its generation mix towards the use
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Country risk By now, some 50% of th
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Sustainability
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Sustainability in Enel Providing su
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Sustainability reporting Since 2002
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which is needed in order to rationa
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project, which resulted in hiring a
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The Nine Points project was one of
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well as in light of the recent reca
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sustainability by following the Blu
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tainability and governance help bus
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mapping of production sites located
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Zero-emission thermal power generat
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developing low-cost distributed pow
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Electric mobility The “Electric M
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Reconciliation of shareholders’ e
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Consolidated Income Statement Milli
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Consolidated Balance Sheet Millions
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Statement of Changes in Consolidate
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Consolidated Statement of Cash Flow
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2 Accounting policies and measureme
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esposibilities, and their close rel
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and completed before that date are
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Investment property Investment prop
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Financial liabilities Financial lia
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For more information on the estimat
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incorporating the guidelines contai
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classified as equity if (and only i
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Millions of euro LIABILITIES AND SH
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are conducted within the framework
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Expected cash flows from interest r
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The following table reports the cas
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Millions of euro -10% Scenario +10%
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disposal, on September 23, 2009, of
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Segment information for 2010 and 20
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The following table reconciles segm
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The table below gives a breakdown o
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9.c Personnel - €4,907 million Mi
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Net income/(charges) from commodity
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Financial expense Millions of euro
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Information on the Consolidated Bal
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subsequently sold in December 2010;
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expected future cash flows and appl
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18. Equity investments accounted fo
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Equity investments in other compani
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20. Other non-current assets - €1
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addition to direct reimbursement) b
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Assets held for sale 27. Assets hel
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Non-current liabilities 29. Long-te
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issue of bonds for retail investors
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Current portion of long-term loans
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failure to make payment, breach of
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Millions of euro Pension benefits O
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31. Provisions for risks and charge
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Commodity derivatives mainly relate
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36. Current financial liabilities -
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Liabilities held for sale 38. Liabi
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40. Contractual commitments and gua
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Developments in the inquiries of th
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provisionally enforceable, held the
Page 234 and 235:
creditor rights in respect of CELF
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43. Stock incentive plans Between 2
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of the dividend (for 2004) of €0.
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that of a specific benchmark index
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Compensation of Directors, members
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Corporate governance
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Major shareholdings and shareholder
Page 249 and 250:
prescribed by the Unified Financial
Page 251 and 252:
C) The revolving credit facility ag
Page 253 and 254:
structure, internal auditing system
Page 255 and 256:
listed companies), distinctly menti
Page 257 and 258: University, in Syracuse, New York (
Page 259 and 260: The Directors perform their duties
Page 261 and 262: letter b) above, have assets exceed
Page 263 and 264: sufficient to ensure that their jud
Page 265 and 266: compensation of the Chief Executive
Page 267 and 268: the power - which may also be exerc
Page 269 and 270: Conte is concerned, the Board of St
Page 271 and 272: in December 2006, the Board of Dire
Page 273 and 274: “independent” monitoring, entru
Page 275 and 276: conditions, and those whose conside
Page 277 and 278: of the Company’s website (www.ene
Page 279 and 280: Ethics consists of: > general princ
Page 281 and 282: “Zero Tolerance of Corruption”
Page 283 and 284: In principle, unless there are spec
Page 285: Internal control Has the Company ap
Page 288 and 289: Declaration of the Chief Executive
Page 291 and 292: Attachments
Page 293 and 294: Subsidiaries consolidated on a line
Page 295 and 296: Company name Registered office Coun
Page 307: Company name Registered office Coun
Page 315 and 316: Company name International Endesa B
Page 317 and 318: Enel SpA companies consolidated on
Page 319 and 320: Company name Companhia Térmica Rib
Page 323 and 324: Endesa SA companies consolidated on
Page 325 and 326: Associated companies accounted for
Page 331 and 332: Company name P.N. Endesa SA Central
Page 333 and 334: Other significant equity investment
Page 337 and 338: Reports
Page 342: Concept design Inarea - Rome Publis
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