Annual Report 2010 - Enel.com

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Company name Registered office Country Activity Share capital Currency Held by % holding Wind Parks of Skoubi Maroussi Greece Electricity generation from SA renewable resources Wind Parks of Spilia SA Maroussi Greece Electricity generation from renewable resources Wind Parks of Maroussi Greece Electricity generation from Stroboulas SA renewable resources Wind Parks of Trikorfo Maroussi Greece Electricity generation from SA renewable resources Wind Parks of Vitalio Maroussi Greece Electricity generation from SA renewable resources Wind Parks of Vourlas Maroussi Greece Electricity generation from SA renewable resources Yedesa-Cogeneración Almería Spain Cogeneration of electricity SA and heat 330 Enel Annual Report 2010 Attachments 152,000.00 EUR Enel Green Power Hellas SA 291,500.00 EUR Enel Green Power Hellas SA 176,500.00 EUR Enel Green Power Hellas SA 152,500.00 EUR Enel Green Power Hellas SA 161,000.00 EUR Enel Green Power Hellas SA 174,000.00 EUR Enel Green Power Hellas SA 234,000.00 EUR Enel Green Power España SL (formerly Endesa Cogeneración y Renovables SA) Group % holding 30.00% 20.75% 30.00% 20.75% 30.00% 20.75% 29.25% 20.23% 30.00% 20.75% 30.00% 20.75% 40.00% 31.33%
Company name P.N. Endesa SA Central Térmica de Anllares AIE Centrales Nucleares Almaraz-Trillo AIE Registered office Country Activity Share capital Currency Held by % holding Madrid Spain Management of thermal plants Madrid Spain Management of nuclear plants Group % holding 595,000.00 EUR Endesa Generación SA 33.33% 30.68% - EUR Endesa Generación SA Nuclenor SA 0.69% Comercializadora Cádiz Spain Electricity generation and 600,000.00 EUR Suministradora 100.00% 30.84% Eléctrica de Cádiz SA sale Eléctrica de Cádiz SA Compañía Las Palmas de Spain Natural gas transport 1,907,000.00 EUR Unión Eléctrica de 47.18% 43.43% Transportista de Gas de Gran Canaria Canarias Generación Canarias SA SAU Consorcio Ara- Santiago Chile Design and consulting 1,000,000.00 CLP Empresa de Ingeniería 33.33% 11.16% Ingendesa Sener Ltda services Ingendesa SA Detelca UTE Las Palmas de Spain Engineering and 6,000.00 EUR Endesa SA 24.90% 22.92% Gran Canaria construction Elcogas SA Puertollano Spain Electricity generation 38,162,420.00 EUR Enel SpA 4.31% 41.93% Endesa Generación SA Electrogas SA Santiago Chile Holding company 21,266,155.00 USD Inversiones Electrogas SA Eléctrica de Jafre SA Girona Spain Electricity distribution and sales Empresa Nacional de Electricidad SA 165,880.00 EUR Hidroeléctrica de Catalunya SL 23.57% 40.87% 99.95% 0.02% 22.02% 14.23% 47.46% 43.69% Endesa Gas Distribución SAU Madrid Spain Gas distribution 14,610,970.00 EUR Nubia 2000 SL 100.00% 18.41% Endesa Gas Zaragoza Spain Regasification and gas 5,445,000.00 EUR Nubia 2000 SL 100.00% 18.41% Transportista SLU storage Energía Solar Onda UTE Castellón Spain Photovoltaic plants 1,000.00 EUR Endesa Energía SA 25.00% 23.02% Ensafeca Holding Empresarial SL Barcelona Spain IT services 7,721,330,000.00 EUR Endesa SA 32.43% 29.86% GNL Chile SA Santiago Chile Design and LNG supply 3,026,160.00 USD Empresa Nacional de Electricidad SA 33.33% 11.16% GNL Quintero SA Santiago Chile Design and LNG supply 195,882,353.00 USD Empresa Nacional de Electricidad SA 20.00% 6.69% Gorona del Viento El Valverde de El Spain Development and 23,937,000.00 EUR Unión Eléctrica de 30.00% 27.62% Hierro SA Hierro maintenance of El Hierro Canarias Generación generation plant SAU Inkolan Informacion Bilbao Spain Infrastructure information 84,140.00 EUR Endesa Distribución 14.29% 13.16% y Coordinacion de obras AIE Eléctrica SL Inversiones Electrogas Santiago Chile Holding company 12,892,910.00 CLP Empresa Nacional de 42.50% 14.23% SA Electricidad SA Konecta Chile SA Santiago Chile IT services 1,000,000.00 CLP Synapsis Soluciones y Servicios It Ltda 26.20% 14.62% Kromschroeder SA L`Hospitalet de Llobregat (Barcelona) Spain Services 657,000.00 EUR Endesa Gas SAU 27.93% 25.71% La Pereda Co2 AIE Oviedo Spain Services 224,286.00 EUR Endesa Generación SA 33.33% 30.68% Nubia 2000 SL Madrid Spain Electricity generation 100,000,000.00 EUR Endesa Gas SAU 20.00% 18.41% Promociones y Desarollos Sector Levante SL Madrid Spain Real estate 6,000.00 EUR Bolonia Real Estate SL 45.00% 41.43% Proyecto Almería Madrid Spain Desalinization and water 601,000.00 EUR Endesa SA 45.00% 41.43% Mediterraneo SA supply Sadiel Tecnologías de La Información SA Seville Spain IT services 663,520.00 EUR Endesa Servicios SL 37.50% 34.52% Sistemas Sec SA Santiago Chile Communications and 2,037,480,000.00 CLP Compañía Americana 49.00% 27.34% signaling systems de Multiservicios Ltda Sodesa - Porto Portugal Electricity distribution and 750,000.00 EUR Endesa Energía SA 50.00% 46.03% Comercializaçao de Energia Electrica SA services Suministradora Cádiz Spain Electricity distribution and 12,020,000.00 EUR Endesa Distribución 33.50% 30.84% Eléctrica de Cádiz SA supply Eléctrica SL 331
Page 1:
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
Page 194 and 195:
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
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prescribed by the Unified Financial
Page 251 and 252:
C) The revolving credit facility ag
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structure, internal auditing system
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listed companies), distinctly menti
Page 257 and 258:
University, in Syracuse, New York (
Page 259 and 260:
The Directors perform their duties
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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 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 329: Company name Registered office Coun
Page 333 and 334: Other significant equity investment
Page 337 and 338: Reports
Page 342: Concept design Inarea - Rome Publis
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