Notes to the Financial Statements - Efacec

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3.2 Information by geographical segment Sales and services rendered are split based on the region in which the customer is located: 31.12.2007 31.12.2006 Sales Assets Investments Sales Assets Investments Portugal 269.124.061 353.702.044 18.430.220 249.832.568 335.276.856 9.296.094 Spain 38.220.910 131.900 0 28.264.786 21.386 15.228 Central Europe 5.140.612 3.697.567 55.743 2.544.875 1.226.542 0 Maghreb 20.375.261 6.045.732 17.923 11.983.370 3.402.646 75.648 Southern Africa 16.806.998 13.507.997 1.289.277 8.143.974 3.447.234 0 Latin America 14.617.667 15.034.309 1.313.399 17.502.978 10.058.967 692.862 United States 24.477.929 23.378.521 10.121.766 18.738.089 1.132.768 4.025 Other Markets 51.559.663 3.128.696 31.792 33.340.055 3.025.842 53.750 440.323.101 418.626.766 31.260.120 370.350.695 357.592.241 10.137.607 D. Notes to the Balance Sheets as at 31 December 2007 and 31 December 2006 4. Tangible fixed assets 4.1 Movements that took place in the periods Year 2007 Land and Buildings Plant and Equipment 19 Office Equipment Other Total Opening net value 41.244.338 14.229.064 2.140.615 3.146.464 60.760.481 Exchange Rate Differences -100.730 20.953 -6.499 -167.419 -253.695 Entries into consolidation perímeter 5.569 832.161 34.838 0 872.568 Exits from the consolidation perimiter 0 0 0 0 0 Revaluation -46.262 -5.473 -62 -528 -52.325 Increases 1.412.018 3.787.236 676.391 11.092.956 16.968.601 Decreases -239.230 -155.009 -11.723 -42.320 -448.282 Depreciation charges -2.285.793 -3.973.102 -1.276.205 -312.352 -7.847.452 Adjustments 320.009 590.777 105.430 -963.574 52.642 Closing net value 40.309.919 15.326.608 1.662.787 12.753.227 70.052.540 Cost or fair value 101.182.843 91.022.921 24.554.481 19.521.500 236.281.746 Cumulative depreciation -60.872.925 -75.696.314 -22.891.694 -6.768.273 -166.229.206 Net value 40.309.918 15.326.607 1.662.787 12.753.227 70.052.540 Year 2006 Opening net value 40.472.532 12.880.255 2.905.772 2.873.709 59.132.268 Exchange Rate Differences -69.782 -17.767 -7.176 -147.233 -241.958 Entries into consolidation perímeter -66.883 -34.041 -69.573 -77.900 -248.397 Exits from the consolidation perimiter 0 0 0 0 0 Revaluation 0 0 0 0 0 Increases 2.220.593 4.167.761 581.228 1.523.878 8.493.460 Decreases -66.883 -144.067 -70.930 -77.900 -359.781 Depreciation charges -2.171.117 -3.541.626 -1.241.477 -209.376 -7.163.596 Adjustments 925.880 918.549 42.771 -738.715 1.148.485 Closing net value 41.244.338 14.229.064 2.140.615 3.146.463 60.760.481 Cost or fair value 99.665.404. 84.694.185 22.815.646 9.649.987 216.825.222 Cumulative depreciation -58.421.065 -70.465.122 -20.675.031 -6.503.523 -156.064.741 Net value 41.244.338 14.229.064 2.140.615 3.146.464 60.760.481 2007 Consolidated and Individual Financial Statments
Cerca de 75% dos investimentos corpóreos do ano registaram-se na área de negócio de Energia, e incluem fundamentalmente o desenvolvimento da linha de produção de transformadores de potência. 4.2 Revaluations Buildings and other tangible fi xed assets of the Group were re-valued on 1 January 2004, using the monetary revaluation coeffi cients as part of the transition to IFRS (IFRS 1), while land was evaluated at fair value. If tangible assets were shown at historical cost, the values in the balance sheet would be: 4.3 Leased tangible assets 31.12.2007 31.12.2006 Cost 132.499.495 109.153.171 Cumulative depreciation -86.545.405 -73.382.842 Net Value 45.954.090 35.770.329 The line Tangible Assets includes the following amounts for leased assets: 31.12.2007 31.12.2006 Leases 195.712 193.677 Cumulative depreciation -44.944 -55.754 Net value 150.768 137.923 The responsibilities relating to these contracts are refl ected in Liabilities in the line Suppliers and Other Creditors (Note 14). 4.4 Guarantees No pledges or guarantees exist on any assets. 5. Intangible Assets and Goodwill 5.1 Movements that took place in the period Year 2007 Goodwill R&D Other Total Opening net value 9.730.101 992.933 3.229.273 13.952.307 Exchange rate differences 0 0 0 0 Entries into consolidation perímeter 0 0 0 0 Exits from the consolidation perimiter 0 0 0 0 Revaluation 0 0 0 0 Increases 12.380.295 82.786 1.828.438 14.291.519 Decreases 0 0 0 0 Depreciation of the period 0 -382.537 -833.887 -1.216.424 Adjustments 0 1.942 -44.084 -42.142 Closing net value 22.110.396 695.124 4.179.740 26.985.260 Year 2006 Opening net value 12.234.900 707.017 1.936.034 14.877.951 Exchange rate differences 0 0 0 0 Entries into consolidation perímeter 0 0 0 0 Exits from the consolidation perimiter 0 0 0 0 Increases 1.216.132 344.341 83.675 1.644.148 Decreases 0 0 0 0 Depreciation of the period 0 -611.629 -1.011.010 -1.622.638 Adjustments -3.720.930 553.204 2.220.574 -947.153 Closing net value 9.730.102 992.933 3.229.273 13.952.308 20
Page 2 and 3: 1 2 Index Consolidated Financial St
Page 4 and 5: EFACEC Capital, SGPS, S.A. and Affi
Page 6 and 7: Attributable to shareholders Reserv
Page 8 and 9: A. General Information Notes to the
Page 10 and 11: 1.3 Reporting by segments A busines
Page 12 and 13: 1.7 Asset impairment Assets that do
Page 14 and 15: a) Sales The income recognised, in
Page 16 and 17: 2.3 Estimates of fair value The fai
Page 20 and 21: 5.2 Goodwill The breakdown of goodw
Page 22 and 23: 8. Derivatives In relation to fi na
Page 24 and 25: 11. Stocks 31.12.2007 31.12.2006 Ra
Page 26 and 27: Commercial Paper On 8 July 2005, a
Page 28 and 29: Denomination of Loans The accountin
Page 30 and 31: 17. Provisions for risks and charge
Page 32 and 33: 21. Net financial charges 22. Incom
Page 34 and 35: 27.1 Transactions that took place i
Page 36 and 37: 27.4 Commitments and contingencies
Page 38 and 39: Foreign companies Company Name Head
Page 40 and 41: 41 2007 Consolidated and Individual
Page 42 and 43: EFACEC Capital, SGPS, S.A. Profit a
Page 44 and 45: Reserves Financial Instruments Merg
Page 46 and 47: A. General Information Notes to the
Page 48 and 49: 1.5 Investments Investments in grou
Page 50 and 51: 2.2 Accounting for financial instru
Page 52 and 53: 4. Investments in group and associa
Page 54 and 55: 6. Customers and Accrued Income 200
Page 56 and 57: On 30 November 2006, a second Comme
Page 58 and 59: Deferred tax booked in shareholders
Page 60 and 61: 17. Profit per share Basic The basi
Page 62 and 63: 21.4 Loans to related parties 2007
Page 64 and 65: To the Shareholders, Report and Opi
Page 66: ��

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