Notes to the Financial Statements - Efacec

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17. Profit per share Basic The basic profi t per share is calculated by dividing shareholders’ profi t by the average weighted number of ordinary shares issued during the year, excluding ordinary shares acquired by the company and held as own shares. 2007 2006 Profi t attributable to shareholders 26.776.666 7.944.500 Average weighted number of ordinary shares issued 41.641.416 41.641.416 Basic profi t per share (euro per share) 0,64 0,19 Diluted The diluted profi t per share is calculated adjusting the average weighted number of shares in circulation by including the impact of the conversion of all potentially diluting ordinary shares. In view of the fact that neither options nor any convertible obligation exists on shares, the diluted profi t per share is equal to the basic profi t per share. 18. Dividend per share The dividends paid by Efacec Capital SGPS in 2007 were 19,753,096 Euro, including 12,216,000 Euro of anticipated dividends (0.474 Euro per share). In the previous year, 22,745,607 Euro were paid (0.546 Euro per share). E. Other Notes 19. Contingencies 19.1 Guarantees The company has contingent liabilities for bank guarantees and others, and other contingencies connected with its business. It is not believed that any signifi cant liabilities will arise from the contingent liabilities. 20. Commitments 20.1 Commitments for investments 61 2007 2006 Bank Guarantees 36.135.702 27.025.883 No commitments of the Group exist to acquire tangible or intangible fi xed assets. 20.2 Commitments for operational leases – where the Group is lessee The company leases a number of vehicles through irrevocable leasing contracts. The contracts have various lease periods, readjustment clauses and renewal rights. At the date of the balance sheet, the Group continued to have Long Term Rental contracts (“Renting”) considered as operational leases, for which future rental payments due totalled 199,798 Euro, with the following maturity dates: 2007 2006 Within 1 year 74.801 74.531 Between 1 and 5 years 124.997 130.080 Over 5 years 0 0 199.798 204.611 2007 Consolidated and Individual Financial Statments
21. Transactions with related parties Those entities which have a qualifi ed shareholding in the group are: Efacec Sistemas de Gestão, S.A. 49,20% Têxtil Manuel Gonçalves, S.A. 25,40% José de Mello - SGPS, S.A. 25,40% The following transactions took place with related parties (Shareholders, Associates and Directors): 21.1 Transactions in 2007 and 2006 2007 2006 Services rendered Group companies Other operational Incomeutros 4.950.012 6.476.000 Group companies 1.289.796 1.263.455 Shareholders Financial Income 30.000 0 Group companies 1.653.563 382.050 Purchases of Services 7.923.371 8.121.505 Group companies 399.109 374.292 Shareholders Financial Custos Costs 350.963 0 Group companies 981.718 796.296 Shareholders 52.079 0 1.731.790 1.170.588 The commercial conditions under which these transactions and services took place were under the same conditions as independent third parties. 21.2 Remuneration of the Board of Directors 2007 2006 Remunerations 667.103 1.465.004 Life insurance 28.700 180.000 Business expenses 0 13.820 695.803 1.658.824 21.3 Final balances resulting from commercial transactions 2007 2006 Customers (Note 6) Group companies 205.589 0 Shareholders 22.781 0 Other Debtors (Note 7) 239.371 0 Shareholders 313.195 135.073 Total amounts owing from related parties 552.565 135.073 62 %
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1 2 Index Consolidated Financial St
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EFACEC Capital, SGPS, S.A. and Affi
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Attributable to shareholders Reserv
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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 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 62 and 63: 21.4 Loans to related parties 2007
Page 64 and 65: To the Shareholders, Report and Opi
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Notes to the Financial Statements - Efacec

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