Annual Report 2010 - AdP

At 31 December 2010, capital was fully subscribed and paid up, represented by 86,900,000 shares with a nominal value of 5 euros each.
There were no changes in shareholders and respective capital holdings from 2009 to 2010.
17.2 Earnings per share
31.12.2010 31.12.2009
Net income of the year 27,343,552 46,264,622
Number of shares 86,900,000 86,900,000
Earnings per share 0.31 0.53
18. Provisions
31.12.2010 31.12.2009
Studies and projects (multi-municipal systems) 1,218,799 1,218,799
Responsibilities to subsidiaries and associated companies 1,599,655 1,599,655
Other responsibilities 5,000,000 5,000,000
7,818,454 7,818,454
18.1 Changes during the period
Studies and Affiliates and Other Total
projects associated companies responsibilities
Balance at 31 December 2008 940,523 3,789,675 39,207 4,769,405
Increases via operational income 278,276 87,306 5,000,000 5,365,582
Increases via financial income - 1,186,901 - 1,186,901
Decrease via financial income - - - -
Provision reductions - (3,464,226) (39,207) (3,503,433)
Use of provision - - - -
Balance at 31 December 2009 1,218,799 1,599,655 5,000,000 7,818,454
Increases via operational income - - - -
Provision reductions - - - -
Use of provision - - - -
Balance at 31 December 2010 1,218,799 1,599,655 5,000,000 7,818,454
19. Loans
31.12.2010 31.12.2009
Loans in foreign currency - JPY 100,000,000 100,000,000
Bond loans 500,000,000 500,000,000
Foreign exchange adjustment for JPY 8,675,386 1,494,443
Foreign exchange swap (10,902,972) (2,477,311)
Non-current loans 597,772,414 599,017,132
Short-term loans - -
Bank overdrafts 4,581,657 290,771
Current loans 4,581,657 290,771
Total loans 602,354,071 599,307,903
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