Notes to the consolidated financial statements - Efacec

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Non-current assets Efacec Capital, SGPS, S.A. Balance Sheets as at 31 December 2008 and 2007 Assets The Chartered Accountant Board of Directors 48 Amounts in Euro Notes 2008 2007 Tangible fi xed assets 3 25,760,092 22,490,611 Intangible assets 0 4,229 Investments in group and associated companies 5 145,555,675 124,446,805 Financial investments in other companies 5 533,934 11,517 Debtors and deferred costs 8 462,598 27,000 Deferred tax assets 15 1,221,721 598,579 Derivatives 6 0 345,574 Current assets Total non-current 173,534,020 147,924,316 Customers and accrued income 7 266,381 261,594 Debtors and deferred costs 8 50,832,360 23,475,987 Other fi nancial investments 6,236,577 0 Cash and cash equivalents 10 52,903,339 113,267 Shareholders’ Funds Shareholders’ Funds and Liabilities Total current 110,238,657 23,850,849 Total assets 283,772,677 171,775,165 Capital 11 41,641,416 41,641,416 Reserves for fi nancial instruments -1,725,066 253,997 Reserves and retained earnings 21,661,471 19,633,473 Net Profi t 20,080,238 26,776,666 Anticipated dividends -6,034,000 -12,216,000 Non-current liabilities Total shareholders’ funds 75,624,059 76,089,552 Provisions 16 1,669,627 1,661,837 Loans 12 81,500,000 48,500,000 Deferred tax liabilities 15 3,531,672 3,513,491 Derivatives 6 2,347,029 0 Current liabilities Total non-current liabilities 89,048,327 53,675,328 Loans 12 105,986,688 18,156,341 Shareholders’ loans 23 8,295,000 7,100,000 Suppliers 13 1,166,195 422,942 Creditors and accruals 13 3,652,407 16,331,001 Total current liabilities 119,100,290 42,010,284 Total shareholders’ funds and liabilities 283,772,677 171,775,165 The notes to the accounts are an integral part of these consolidated balance sheets
Efacec Capital, SGPS, S.A. Consolidated profit and loss account by nature for the years ended 31 December 2008 and 2007 49 Amounts in Euro Notes 2008 2007 Sales and Services Rendered 7,361,333 4,950,012 Third Party Supplies and Services 17 -3,014,597 -1,568,872 Staff Costs -2,751,546 -1,261,790 Depreciation -846,595 -871,768 Provisions 16 0 -37,359 Other Operational Costs -190,244 -259,854 Other operating income 1,763,032 1,418,860 Operating Profi ts 2,321,384 2,369,229 Financial Costs (net) 18 -3,066,172 -1,936,699 Losses/Gains in associated companies 18 20,695,444 26,469,663 Losses/Gains in other companies 0 5,429 Income Tax 19 129,582 -130,956 Net Profi t 20 20,080,238 26,776,666 The notes to the accounts are an integral part of these consolidated balance sheets The Chartered Accountant Board of Directors 2008 Consolidated and Individual Financial Statements
Page 2: 1 2 Index Consolidated Financial St
Page 5 and 6: Non-current assets EFACEC Capital,
Page 7 and 8: EFACEC Capital, S.G.P.S., S.A. and
Page 9 and 10: EFACEC Capital, S.G.P.S., S.A. and
Page 11 and 12: In view of the fact that applying t
Page 13 and 14: 1.5 Tangible Fixed Assets Land and
Page 15 and 16: 1.11 Accounts receivable from custo
Page 17 and 18: 2. Financial risk management 2.1 Fa
Page 19 and 20: C. Segment Information 3. Reporting
Page 21 and 22: D. Notes to the Balance Sheets as a
Page 23 and 24: 22 31.12.2008 31.12.2007 ATM - Assi
Page 25 and 26: 24 31.12.2008 31.12.2007 Opening ba
Page 27 and 28: 9. Customers and accrued income The
Page 29 and 30: 14. Suppliers, other creditors and
Page 31 and 32: Companies and has period of 5 years
Page 33 and 34: At variable rates 32 31.12.2008 31.
Page 35 and 36: The amount shown as a reduction in
Page 37 and 38: 24. Dividends per share The dividen
Page 39 and 40: 27.1 Transactions in 2008 and 2007
Page 41 and 42: 31.12.2008 31.12.2007 Associated co
Page 43 and 44: G. List of companies consolidated 3
Page 45 and 46: (f) This company is held by the gro
Page 47: 47 2008 Consolidated and Individual
Page 51 and 52: Merger Reserve Other Reserves Retai
Page 53 and 54: A. General information Notes to the
Page 55 and 56: in the profi t and loss account of
Page 57 and 58: 1.16 Subsidies Subsidies received a
Page 59 and 60: C. Notes on the Balance Sheets as a
Page 61 and 62: a) The last accounts available were
Page 63 and 64: 9. Stocks The company features no s
Page 65 and 66: The fair value of current and non-c
Page 67 and 68: Revaluation Options Total As at 1 d
Page 69 and 70: 19. Income Tax The reconciliation o
Page 71 and 72: 2008 2007 Current transactions Grou
Page 73 and 74: To the Shareholders, Report and Opi

Notes to the consolidated financial statements - Efacec

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