Notes to the Financial Statements - Efacec

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EFACEC Capital, SGPS, S.A. Profit and Loss Account by Nature for the years ended 31 December 2007 and 2006 43 Notes 2007 2006 2007 Consolidated and Individual Financial Statments Amounts in Euro Sales and Services Rendered 4.950.012 6.476.000 Third Part Supplies and Services -1.568.872 -1.446.021 Staff Costs -1.261.790 -4.260.518 Depreciation -871.768 -906.770 Provisions -37.359 -94.971 Other Operational Costs -259.854 -222.285 Other Operational Income 1.418.860 1.827.863 Operating Profi t 2.369.229 1.373.298 Net Financial Costs 14 -1.936.699 -2.816.664 Losses/Gains in associated companies 15 26.469.663 10.971.896 Losses/Gains in other companies 5.429 0 Income Tax 16 -130.956 -1.584.030 The notes to the accounts are an integral part of these consolidated balance sheets Net Profi t 26.776.666 7.944.500 The Accountant The Board of Directors
The Accountant EFACEC Capital, SGPS, S.A. Statement of changes to Shareholders’ Funds as at 31 December 2007 and 2006 44 Notes Share Capital Own Shares Balance as at 1 January 2006 41.641.416 0 Increase in Free and Legal Reserve Dividend distributions Update of Deferred Taxes on Land Merger Efacec Sgps 18 Cover of cash fl ows, net of taxes Others 5 Gains / (Losses) recognised directly in Shareholders’ Funds Net Profi t for the Year 0 0 Total gains recognised in 2006 0 0 Balance as at 31 December 2006 41.641.416 0 Balance as at 1 January 2007 41.641.416 0 Increase in Free and Legal Reserve Dividend distributions 18 Cover of cash fl ows, net of taxes Others 5 Gains / (Losses) recognised directly in Shareholders’ Funds Net Profi t for the Year Anticipated dividends 0 0 Total gains recognised in 2007 0 0 Balance as at 31 December 2007 41.641.416 0
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 18 and 19: 3.2 Information by geographical seg
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 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: ��

Notes to the Financial Statements - Efacec

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