Annual Report 2010 - Enel.com

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Company name Synapsis Colombia Ltda Registered office Country Activity Share capital Currency Held by % holding Bogotá D.C. Colombia IT services 238,450,000.00 COP Synapsis Brasil Ltda 316 Enel Annual Report 2010 Attachments Enersis SA Synapsis Soluciones y Servicios It Ltda Synapsis Argentina Ltda Synapsis Perú Ltda Lima Peru IT services 609,200.00 PEN Synapsis Soluciones y Servicios It Ltda Synapsis Soluciones y Servicios It Ltda Santiago Chile IT services 3,943,579,923.00 CLP Chilectra SA Transportadora de Energía SA Transportes y Distribuciones Eléctricas SA Unión Eléctrica de Canarias Generación SAU Capital Federal Argentina Electricity generation, 55,512,000.00 ARS Enersis SA Compañía de transmission and Interconexión distribution Energética SA Olot (Girona) Spain Electricity transmission 72,120.00 EUR Endesa Distribución Eléctrica SL Las Palmas de Gran Canaria Spain Electricity generation 190,171,520.00 EUR Endesa Generación SA 2.40% 0.20% 94.90% 2.50% Group % holding 55.82% 100.00% 55.81% 0.01% 55.81% 99.99% 100.00% 54.99% 73.33% 67.51% 100.00% 92.06%
Enel SpA companies consolidated on a proportionate basis at December 31, 2010 Company name Registered office Country Activity Share capital Currency Held by % holding Parent company Enel SpA Rome Italy Holding company 9,403,357,795.00 EUR Group % holding Subsidiaries Adria Link Srl Gorizia Italy Design, construction and operation of merchant lines 325,000.00 EUR Enel Produzione SpA 33.33% 33.33% Artic Russia BV Amsterdam Netherlands Holding company 100,000.00 EUR Enel Investment 40.00% 40.00% (formerly Eni Russia Bv) Holding BV Enel Stoccaggi Srl Rome Italy Construction and operation of storage fields. Storage of natural gas 3,030,000.00 EUR Enel Trade SpA 51.00% 51.00% Sviluppo Nucleare Rome Italy Development, construction 200,000.00 EUR Enel SpA 50.00% 50.00% Italy Srl and operation of EPR nuclear reactors Company name Registered office Country Activity Share capital Currency Held by % holding Parent company Res Holdings BV Amsterdam Netherlands Holding company 18,000.00 EUR Enel Investment Holding BV Group % holding 49.50% 49.50% Subsidiaries Lipetskenergosbyt LLC Lipetskaya Russian Electricity sales 7,500.00 RUB Res Holdings BV 75.00% 37.13% Oblast Federation RusEnergoSbyt LLC Moscow Russian Federation Electricity trading 2,760,000.00 RUB Res Holdings BV 100.00% 49.50% RusEnergoSbyt S LLC Khanty- Russian Electricity sales 5,100.00 RUB Res Holdings BV 51.00% 25.25% Mansiyskiy Federation RusEnergoSbyt Siberia Krasnoyarskiy Russian Electricity sales 4,600.00 RUB Res Holdings BV 50.00% 24.75% LLC Kray Federation 317
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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
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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
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prescribed by the Unified Financial
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C) The revolving credit facility ag
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structure, internal auditing system
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listed companies), distinctly menti
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University, in Syracuse, New York (
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The Directors perform their duties
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letter b) above, have assets exceed
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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 315: Company name International Endesa B
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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