Annual Report 2010 - AdP

Furthermore, in the international market, it should he highlighted that Aquasis was responsible for the supply and installation of the
SIG G/InterAqua solution at EPAL - Empresa Pública de Águas de Luanda, E.P., in Angola, and has been providing regular technical
assistance services to its technical team.
More recently, based upon the SIG G/InterAqua solution, Aquasis developed, in partnership with ALGAR, Valorização e Tratamento
de Resíduos Sólidos, S.A. (an AdP Group company responsible for the collection, recovery and treatment of solid waste in the
Algarve region), a solution for the solid waste sector, designated the G/InterAqua RSU solution and also including the Desktop, Web
and Mobility components.
The G/InterAqua RSU solution allies the characteristics of the SIG G/InterAqua solution to a motor for optimising the collection
routes and a mobility component with navigation functions guaranteeing greater effectiveness and efficiency in undertaking collection
activities with the consequent reduction in operational costs.
Given the significant number of management entities that have deployed Aquasis developed solutions, they now form a user community
with shared interests, fostering synergies and the sharing of experiences and ideas that Aquasis seeks to foster and leverage.
The high level of implementation at basic sanitation infrastructural companies and management entities, necessarily associated with the
commitment made towards the development of technologically innovative solutions gained due recognition and picking up international
awards in the years of 2006, 2007 and 2009, under the auspices of the Registered Solutions Provider Awards, run by the Intergraph
Corporation (http://synergy.intergraph.com), so as to award, on a global level, proven performance in the development and
implementation of solutions based on Intergraph Corporation technologies as is the Aquasis case with the SIG G/InterAqua solution.
Finally, we should state that Aquasis, committed to the group business policy, has implemented a Corporate Responsibility System
and since 2009 has been certified in accordance with the normative requirements of NP EN ISO 9001:2008 (Quality), NP EN ISO
14001:2004 (Environment), OHSAS 18001:2007 (Safety) and SA 8000:2008 (Social Responsibility). In advancing with Corporate
Responsibility System implementation, Aquasis accepted the commitment to monitor existing processes and foster the continuous
and systematic meeting of the needs and expectations of interested parties, with a particular focus upon its clients, in a socially
responsible and environmentally sustainable fashion while foreseeing risks to employee health and safety.
9. Changes to accountancy norms
Adoption of the International Financial Reporting Standards (IFRS)
Decree Law no. 158/2009, of 13 July, approved the founding of a new normative system, designated as SNC (Accountancy
Standardisation System), and correspondingly substituting the accountancy framework previously in effect. The application of SNC
is compulsory for financial years on or after 1 January 2010 furthermore stipulating comparative information be produced for the
2009 financial year. This Decree Law furthermore sets out a set of circumstances, fully met by the Águas de Portugal (AdP) group,
whereby companies may also adopt the International Financial Reporting Standards (IFRS), which were duly adopted by an AdP
Group decision in alignment with the suggestion of its majority shareholder, Parpública, S.A.
Correspondingly, AdP - Águas de Portugal, SGPS, S.A. applied the IFRS norms for the 2010 financial year and carried out the
restatement of its 2009 accounts (as from 1 January 2009), in accordance with the accountancy norms in effect for financial reporting
on 31 December 2010.
The quantitative and qualitative impacts on results are presented in detail in note 5 of the annex to the financial reporting.
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