Notes to the Financial Statements - Efacec

27.1 Transactions that took place in 2007 and 2006
31.12.2007 31.12.2006
Financial transactions
Associate companies
Shareholders’ Loans 71.871 82.088
Loans granted 35.871 91.206
Loans obtained
Shareholders
0 0
Loans granted -1.070.000 1.070.000
Loans obtained
Other entities
7.100.000 0
Loans granted -108.073 -41.360
Loans obtained 0 0
Current transactions
Associate companies
-8.170.330 1.201.934
Operational income and gains 2.127.887 1.424.088
Operational costs and losses 383 95.456
Financial income and gains 899.662 244.369
Financial costs and losses 0 0
Shareholders
Operational income and gains 227.574 128.395
Operational costs and losses 10.393.092 671.733
Financial income and gains 0 0
Financial costs and losses 52.079 0
35
-7.190.431 1.029.663
The commercial conditions under which these transactions and services took place were under the same conditions as independent
third parties. Financial income refers mainly to dividends received from the associate company S2M – Sociedade de Manutenção de
Metropolitanos, SA (818,686 Euro in 2007 and 180,000 Euro in 2006). Efacec Sistemas de Gestão, in addition to being the main
shareholder, also includes the Efacec Group shared services unit, which means that it has the role of a service provider to all Group
companies. In this capacity, the Group had operational costs totalling 10,392,994 Euro.
The value of borrowings made and received also refers to Efacec Sistemas de Gestão, S.A.
2007 Consolidated and
Individual Financial Statments