Annual Report 2010 - AdP

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31. Transactions with related entities Year 2010 Subsidiaries Shareholders Management Bodies Income Yield 9,412,493 Dividends received/attributed 30,116,770 Costs Staff costs 754,566 Assets Customers 7,078,827 Loans 224,551,800 Other debtors 36,194,848 Liabilities Suppliers 542,443 Other creditors 2,282,360 Cash flow Dividends paid/payable 24,615,034 Year 2009 Subsidiaries Shareholders Management Bodies Income Yield 8,062,266 Dividends received/attributed 31,238,347 Costs Staff costs 1,112,370 Assets Customers 7,435,040 Loans 179,821,330 Other debtors 38,246,118 369 Liabilities Suppliers 518,466 Other creditors 2,118,520 Cash flow Dividends paid/payable 11,000,000 32. Assets and contingent liabilities The Company’s financial commitments and responsibilities that are not reflected on the balance sheet are stated as follows: 2010 Domestic banks Foreign banks Total Guarantees 64,152,168 1,122,586 65,274,754 Comfort letters 66,878,120 - 66,878,120 Surety 232,243,989 - 232,243,989 Commitments 25,000,000 - 25,000,000 Collateral securities 5,600,000 - 5,600,000 393,874,277 1,122,586 394,996,864
2009 Domestic banks Foreign banks Total Guarantees 87,069,812 1,071,429 88,141,241 Comfort letters 67,719,742 67,719,742 Surety 112,993,990 112,993,990 Commitments 99,000,000 99,000,000 Collateral securities 5,600,000 5,600,000 372,383,544 1,071,429 373,454,973 33. Legally required information As regards information legally required under other legislation, namely Articles 66, 324, 397, 447 and 448 of the Companies Code (CSC) and the provisions of Decree-Law 328/95 of 9 December, in addition to those of Decree-Law no. 411/91 of 17 October, it should be pointed out that: a) In accordance with no. 2 of Article 324 of the CSC, the Company hereby reports that it does not hold any own shares and, to date, has not undertaken any business dealing that involves these types of securities; b) Pursuant to no. 4 of Article 397 of the CSC, the Company hereby reports that no business dealings were conducted between the Company and the members of its Governing Bodies in 2010; c) Under Article 21 of Decree-Law no. 411/91 of 17 September, we hereby report that the Company does not owe any outstanding amounts to any social security entities. The amounts calculated at 31 December 2010 were the result of withholding of deductions and contributions at the source pertaining to the month of December, which were paid in January 2011 within the legal deadlines. 34. Legal Disputes and Contingencies At the date of drafting the present financial statements, there were no pending legal disputes and/or contingencies involving the Company. 35. Subsequent events In February 2011, AdP SGPS, SA received from the Grantor (Ministry of the Environment and Territorial Planning) a letter requesting that AdP - Águas de Portugal, SGPS, S.A., in the capacity of majority shareholder of the entities that manage the multi-municipal systems of supply, sanitation, and recovery and treatment of waste, promote the necessary studies and submit to the Grantor a proposal to revise the concessions contracts in relation to which changes have been made that have a relevant impact on the financial balance of the concessionaires. AdP Group_Annual Report 2010_156|157
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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
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The stabilisation of financial mark
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The approval of the Stability and G
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In 2010, the objectives to be achie
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The weighting of the fixed rate com
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Financial Risk Management - Complie
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6. Value Chain The AdP group operat
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average, the budget cycle of a mult
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We would also refer to how responsi
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As regards the population effective
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amount of grants conceded by the Eu
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A significant percentage of the app
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• In July 2010, AgdA- Águas Púb
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EPAL - Empresa Portuguesa das Água
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Of the investment carried out in 20
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8.2. Waste Empresa Geral do Fomento
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Waste Treated The eleven EGF group
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8.3. Energy and Other Businesses Th
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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 and 120: Separate Financial Statements for t
Page 121 and 122: Financial Position Statement Lisbon
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: i) The table below lists the main g
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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
Page 171 and 172: 44. Other operational income and ga
Page 173 and 174: Consolidated income statement by na
Page 175 and 176: Consolidated statement of changes i
Page 177 and 178: Notes to the consolidated financial
Page 179 and 180: Vision and objectives for the 2008-
Page 181 and 182: - In terms of classification and me
Page 183 and 184: Below, a breakdown of the companies
Page 185 and 186: II - Unregulated activities a. EPAL
Page 187 and 188: If the difference is negative (tari
Page 189 and 190: 2.7 Tangible fixed assets Tangible
Page 191 and 192: This category includes derivatives
Page 193 and 194: Financial assets available for sale
Page 195 and 196: The costs of past services are imme
Page 197 and 198: information on the conditions that
Page 199 and 200: The goal of capital risk management
Page 201 and 202: 31.12.2009 Net income OPA 45,911,36
Page 203 and 204: 7. Derivatives 7.1 Classification o
Page 205 and 206: - 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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Annual Report 2010 - AdP

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