Annual Report 2010 - AdP

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13. Group companies 146 14. Other accounts receivable - current 146 15. Income tax of the year 147 16. Cash and cash equivalents 148 17. Total equity 148 18. Provisions 149 19. Loans 149 20. Derivatives 150 21. Suppliers 151 22. Other current liabilities 151 23. Sales and supply of services 152 24. External supplies and services 152 25. Staff costs 153 26. Depreciation of the year 153 27. Other operational costs 154 28. Other operational income and gains 154 29. Financial costs 154 30. Financial income 154 31. Transactions with related entities 156 32. Assets and contingent liabilities 156 33. Legally required information 157 34. Legal disputes and contingencies 157 35. Subsequent events 157
Financial Position Statement Lisbon, 15 March 2011 Unit: euros Notes 2010 2009 ASSETS Non-current assets Intangible assets 7 1,509,319 1,509,319 Tangible fixed assets 8 28,017 44,999 Financial investments 9 731,291,204 708,163,888 Loans to group companies 10 224,551,800 179,821,330 Other accounts receivable 11 - 32,135,362 Current assets 957,380,339 921,674,898 Customers 12 7,078,827 7,435,040 Group companies 13 36,194,848 38,246,118 Other accounts receivable 14 11,088,908 28,623,772 Tax of the year 15 - 2,485,491 Cash and cash equivalents 16 144,744,618 143,233,353 199,107,201 220,023,774 Total Assets 1,156,487,540 1,141,698,672 TOTAL EQUITY Share Capital 17 434,500,000 434,500,000 Adjustments in capital holdings in affiliates and associated companies 17 27,638,892 29,934,672 Free reserves 19,000,764 - Legal reserves 17 10,163,283 7,867,715 Retained earnings 17 (39,246) (2,688,283) Net income of the year 17 27,343,552 46,264,622 Total Equity 518,607,244 515,878,725 LIABILITIES Non-current liabilities Provisions 18 7,818,454 7,818,454 Bank loans 19 597,772,414 599,017,132 Derivatives 20 14,914,691 9,334,823 620,505,559 616,170,409 Current liabilities Bank loans 19 4,581,657 290,771 Suppliers 21 834,637 1,149,254 Tax of the year 15 3,870,432 - Other current liabilities 22 8,088,011 8,209,512 17,374,737 9,649,537 Total Liabilities 637,880,296 625,819,946 Total Liabilities and Total Equity 1,156,487,540 1,141,698,672 The Board of Directors Pedro Eduardo Passos da Cunha Serra (Chairman) António Manuel da Silva Branco (Member) João Manuel Lopes Fidalgo (Member) José Maria Martins Soares (Member) Justino Manuel Matias Carlos (Member) Joaquim José de Oliveira Reis (Non-Executive Member) José Fernando Maia de Araújo e Silva (Non-Executive Member) The Statutory Accountant Carla Isabel Costa Pinto Ribeiro AdP Group_Annual Report 2010_120|121
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Annual Report 2010 AdP Group_Annual
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Table of Contents Chairman’s Mess
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the implementation of concession co
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AdP Group_Annual Report 2010_8|9
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Economic and financial indicators 2
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238.3 Volume of Wastewater treated
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the sector regulator and the Minist
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A - Corporate Governance
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A - Corporate Governance 1. Mission
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in certain regions of the country,
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with the Ministry of Environment an
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3. Information on Relevant Transact
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Executive Board Under the terms of
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Executive Board Chairman Pedro Edua
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- Full member the European Banking
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- In October 2002, he was appointed
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- 1992-1993 - Director and Financia
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Member - Pedro António Martins Men
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• EPAL EPAL operates in the whole
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II. Remuneration and Other Costs (A
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The report highlights the strategy
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The average age within the group is
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Regarding staff costs, there was a
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“Boosting national participation
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- considering the objective establi
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• Treat employees with respect an
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8. Code of Ethical Conduct Remunera
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The evaluation of risk is carried o
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Information included on the Company
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There is an important volume of lon
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[ blank page ] AdP Group_Annual Rep
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AdP Group_Annual Report 2010_66|67
Page 70 and 71: The stabilisation of financial mark
Page 72 and 73: The approval of the Stability and G
Page 74 and 75: In 2010, the objectives to be achie
Page 76 and 77: The weighting of the fixed rate com
Page 78 and 79: Financial Risk Management - Complie
Page 80 and 81: 6. Value Chain The AdP group operat
Page 82 and 83: average, the budget cycle of a mult
Page 84 and 85: We would also refer to how responsi
Page 86 and 87: As regards the population effective
Page 88 and 89: amount of grants conceded by the Eu
Page 90 and 91: A significant percentage of the app
Page 92 and 93: • In July 2010, AgdA- Águas Púb
Page 94 and 95: EPAL - Empresa Portuguesa das Água
Page 96 and 97: Of the investment carried out in 20
Page 98 and 99: 8.2. Waste Empresa Geral do Fomento
Page 100 and 101: Waste Treated The eleven EGF group
Page 102 and 103: 8.3. Energy and Other Businesses Th
Page 104 and 105: As regards feasible locations, the
Page 106 and 107: Key Events Brazil There was continu
Page 108 and 109: Key activities and events The year
Page 110 and 111: • design and production of integr
Page 112 and 113: 10. Future Perspectives The present
Page 114 and 115: 12. Proposed Appropriation of Profi
Page 116 and 117: C - Financial Statements for 2010
Page 119: Separate Financial Statements for t
Page 123 and 124: Changes in total equity statement L
Page 125 and 126: Notes to the financial statements 1
Page 127 and 128: (b) recognition and subsequent meas
Page 129 and 130: The following are subsidiary compan
Page 131 and 132: Land is not depreciated. Depreciati
Page 133 and 134: Gains and losses resulting from a c
Page 135 and 136: isks of the asset in question. The
Page 137 and 138: 3 Financial risk management policy
Page 139 and 140: 4.1 Provisions and adjustments AdP
Page 141 and 142: ) Extraordinary income Extraordinar
Page 143 and 144: Gross Assets 31.12.2008 Additions S
Page 145 and 146: 10.1 Changes during the period 31.1
Page 147 and 148: iv) In 2009, Other debtors essentia
Page 149 and 150: At 31 December 2010, capital was fu
Page 151 and 152: The Group uses derivatives with the
Page 153 and 154: 25. Staff costs 31.12.2010 31.12.20
Page 155 and 156: i) The table below lists the main g
Page 157 and 158: 2009 Domestic banks Foreign banks T
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Page 162 and 163: 9. The Audit Committee wishes to po
Page 164 and 165: Opinion 7. In our opinion, the abov
Page 166 and 167: 5. We believe that the audit we per
Page 169 and 170: Consolidated Financial Statements f
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44. Other operational income and ga
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Consolidated income statement by na
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Consolidated statement of changes i
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Notes to the consolidated financial
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Vision and objectives for the 2008-
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- In terms of classification and me
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Below, a breakdown of the companies
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II - Unregulated activities a. EPAL
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If the difference is negative (tari
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2.7 Tangible fixed assets Tangible
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This category includes derivatives
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Financial assets available for sale
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The costs of past services are imme
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information on the conditions that
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The goal of capital risk management
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31.12.2009 Net income OPA 45,911,36
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7. Derivatives 7.1 Classification o
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- Águas do Centro (Contracts for c
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“Basic equipment” essentially i
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12. Financial investments in associ
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14. Derivatives 31.12.2010 31.12.20
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ii) As a result of changes to the v
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Debts per municipality in excess of
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Significant amounts were received f
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26. Provisions 31.12.2010 31.12.200
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27.1.5 Cost for the period 31 Decem
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Fixed interest rate 31.12.2010 31.1
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ii) The pig farming subsidy that wa
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36. Sales and supply of services pe
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40. Amortizations, provisions and r
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45. Financial costs 31.12.2010 31.1
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50. Contractual investment The esti
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Águas de Santo André, S.A. Instit
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Case no. CO/15/2010 - pertaining to
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Lisbon, 15 March 2011 António Manu
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9. The Audit Committee wishes to po
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5. Our audit also included a verifi
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- verifying consolidation transacti
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Photograph Captions Cover and Back
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Annual Report 2010 - AdP

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