Notes to the consolidated financial statements - Efacec

(f) This company is held by the group through EFACEC International Financing, S.G.P.S., S.A., which holds 60% and by EFACEC
Capital, S.G.P.S., S.A., which holds 1%. Since EFACEC Capital, S.G.P.S., S.A. owns 55% of EFACEC International Financing,
S.G.P.S., S.A., control is therefore exercised over EFACEC Malaysia;
(g) 12.2% of this company is held directly by Efacec Energia.The remaining shareholding is held indirectly through the direct
shareholding in Efacec International Financing SGPS, which has control of Efacec Malaysia, which in its turn holds 23% of Sesco
Efacec.
30.2 Companies excluded from consolidation
Company name Headquarters % Control
Reason for
Exclusion
Vestiparque, Lda. Oeiras 67.0 (A)
Efacec Maroc, SARLAU Maroc 100.00 (B)
(A) This company was set up on 30 August 2007 in partnership with Mota-Engil as part of the winning consortium of the second
phase of the tender offer for the construction and operation of wind farms. It has not developed any activity yet and it is entered in
Financial Investments at acquisition cost.
(B) This company was set up in the 4th quarter of 2008 and is now in installation phase. It has not started activity and is entered as
Financial Investments at acquisition cost.
30.3 Changes to the consolidation perimeter
In 2008, the Complementary Group of Companies “ASMI – Alverca, Serviços de Manutenção de Instalações Electromecânicas ACE"
, was settled and removed from the consolidation perimeter, since the contract which led to its constitution terminated. Still in
2008, the company MAP Consultoria e Gestão, Lda. was also settled.
These changes did not have any signifi cant impact on the accounts, which might affect their comparability with the previous
year.
On the other hand, the entry of various entities set up or acquired during 2008 were registered. These are already included in Note
31.1, and are identifi ed in the following table:
Company name Headquarters % Control Consol. Method
Efacec Power Transformers Inc. Atlanta / USA 100.0 INT
Efacec Central Europe Limited, SRL Bucharest, Romania 100.0 INT
Efacec Contracting Central Europe GmbH Vienna / Austria 85.00 INT
C&S Efacec MV India Pvt. Ltd. New Delhi / India 50.00 PRO
Efacec C&S MV Components Pvt. Ltd New Delhi / India 70.00 INT
Aura de Guijo de Coria, SL Toledo / Spain 100.0 INT
Aura de Agudo, SL Toledo / Spain 100.0 INT
MABE Construção e Administração de Projectos, Ltda. Fortaleza / Brazil 26.50 PRO
Comercializadora de Equipos y Materiales MABE Limitada Santiago / Chile 26.50 PRO
Etarlis, ACE Leiria 50.00 PRO
Efacec Omnistal, ACE Maia 50.00 PRO
EME2 - Engenharia, Manutenção e Serviços, ACE Lisbon 40.00 PRO
The impact of the entry of these new activities led to relevant effects to the 2008 accounts. The following table features the
amounts with which they contributed toward the main lines in the Profi t and Loss Account and in the Balance Sheet, and the values
that would appear in the fi nancial statements if their entry had not occurred.
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