Notes to the Financial Statements - Efacec

Non Current
EFACEC Capital, SGPS, S.A.
Balance Sheets as at 31 December 2007 and 2006
Assets
The Accountant The Board of Directors
42
Notes 2007 2006
Amounts in Euro
Tangible Assets 3 22.490.611 21.433.119
Intangible Assets 4.229 4.147
Investments in Group and Associated Companies 4 124.446.805 129.965.394
Investments in Other Companies 11.517 15.365
Derivatives 5 345.574 0
Debtors and Prepayments 7 27.000 27.000
Deferred Tax Assets 12 598.579 606.903
Current
Total Non Currrent 147.924.316 152.051.928
Trade Receivables and Accrued Income 6 261.594 0
Debtors and Prepayments 7 23.475.987 11.072.370
Cash and cash equivalents 8 113.267 31.800
Shareholders’ Funds
Shareholders’ Funds
Total Current 23.850.849 11.104.170
Total Assets 171.775.165 163.156.097
Share capital 9 41.641.416 41.641.416
Reserves for Financial Instruments 253.997 -34.725
Reserves and Retained Earnings 19.633.473 19.226.070
Net Profi t 26.776.666 7.944.500
Anticipated Dividends -12.216.000 0
Non Current Liabilities
Total Shareholders’ Funds 76.089.552 68.777.261
Provisions for Risks and Charges 13 1.661.837 1.637.812
Borrowings from Financial Institutions 11 48.500.000 53.000.000
Derivatives 5 0 47.245
Deferred Tax Liabilities 12 3.513.491 3.461.021
Current Liabilities
Total Non Current Liabilities 53.675.328 58.146.077
Borrowings from Financial Institutions 11 18.156.341 7.222.342
Suppliers 10 422.942 62.889
Creditors and Accruals 10 23.431.001 28.947.529
Total Current Liabilities 42.010.284 36.232.760
Total Shareholders’ Funds and Liabilities 171.775.165 163.156.097
The notes to the accounts are integral part of these consolidated balance sheets