Annual Report 2010 - AdP

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18.2 Customers - municipalities Reconciliation of current and non-current customers debts with the debts per municipality table: 31.12.2010 31.12.2009 Non-current municipality clients Customers municipalities 35,105,765 33,805,234 Customers current municipalities 35,105,765 33,805,234 Customers municipalities - TRH 2,987,946 3,655,793 Customers municipalities - Agreements 22,559,956 33,838,890 Customers municipalities - Other 193,621,652 154,639,639 219,169,554 192,134,322 Customers municipalities doubtful debt 4,407,108 2,751,758 Losses due to impairment - municipalities (4,386,847) (2,751,758) 20,261 - 254,295,580 225,939,556
Debts per municipality in excess of 2,000,000 euros: Overdue Overdue Overdue Total Total Total 2008 2009 2010 overdue not overdue debt Municipality of Chaves - 2,067,721 5,520,798 7,588,519 831,322 8,419,841 Municipality of Évora 57,149 848,247 5,777,638 6,683,034 1,026,265 7,709,299 Municipality of Loures 42 1,525,995 3,058,443 4,584,479 3,086,060 7,670,540 Municipality of Albufeira - 70,423 6,071,407 6,141,830 1,352,276 7,494,106 Municipality of Alcobaça 708,543 1,370,045 4,514,318 6,592,905 726,377 7,319,283 Municipality of Lisboa - 44,263 3,168,950 3,213,214 3,820,581 7,033,794 Municipality of Aveiro 6,602,220 - (26) 6,602,195 344,675 6,946,870 Municipality of Loulé - 8,715 5,218,980 5,227,695 1,579,627 6,807,321 Municipality of Fundão 194,991 273,859 802,947 1,271,797 5,310,234 6,582,031 Municipality of Olhão - 792,477 3,446,701 4,239,178 1,288,699 5,527,877 Municipality of Alenquer 50,807 2,188,761 2,353,405 4,592,972 588,557 5,181,529 Municipality of Setúbal - 2,177,636 2,394,033 4,571,669 429,391 5,001,060 Municipality of Faro 884,027 538,649 2,272,384 3,695,059 1,222,942 4,918,001 Municipality of Lagoa 2,175 47,187 4,209,083 4,258,445 658,136 4,916,581 Municipality of V. R. Sto António - 880,249 2,930,785 3,811,034 898,077 4,709,111 Municipality of Seixal 104,518 - 655,659 760,177 3,634,699 4,394,876 Municipality of Coimbra - 206,465 1,295,894 1,502,359 2,817,851 4,320,210 Municipality of Sintra 1,845,277 - 352,798 2,198,075 1,887,350 4,085,425 Municipality of Guarda 89,553 81,262 2,800,542 2,971,357 753,767 3,725,124 Municipality of Vila Real - 184,173 2,744,891 2,929,065 668,167 3,597,232 Municipality of Barreiro - 56,814 854,455 911,269 2,415,933 3,327,202 Municipality of Seia 32,249 546,848 2,190,143 2,769,240 337,611 3,106,851 Municipality of Portalegre 822,522 -77,411 1,195,573 1,940,684 991,909 2,932,593 Municipality of Silves 182,117 283,769 1,628,686 2,094,572 718,981 2,813,553 Municipality of Caminha 14,182 605,789 1,812,182 2,432,153 336,689 2,768,841 Municipality of Oeiras 1,913,534 - - 1,913,534 822,355 2,735,889 Municipality of Trofa 7,678 868,175 1,298,599 2,174,452 473,592 2,648,043 Municipality of Ovar 2,256,977 - 16,711 2,273,688 351,168 2,624,855 Municipality of Montijo - 1,634 503,971 505,605 2,111,633 2,617,238 Municipality of Azambuja 612,175 1,233,562 398,656 2,244,393 280,193 2,524,585 Municipality of Nazaré -5,175 760,661 1,520,720 2,276,205 211,461 2,487,665 Municipality of Sta Maria da Feira 2,668 - 1,156,718 1,159,386 1,219,239 2,378,625 Municipality of Tavira 444,648 770,352 769,120 1,984,120 352,081 2,336,201 Municipality of Palmela - - 578,510 578,510 1,730,213 2,308,722 Municipality of Torres Vedras - 976 1,150,116 1,151,092 1,036,826 2,187,917 Municipality of Estarreja 2,053,788 - 4,944 2,058,732 85,445 2,144,177 Municipality of Sesimbra - - 771,621 771,621 1,319,196 2,090,817 Municipality of Óbidos 259,979 679,667 1,001,298 1,940,943 112,997 2,053,940 Customers < 2,000,000 Eur 6,963,191 5,248,663 37,855,910 50,067,763 41,779,985 91,847,754 26,099,833 24,285,625 114,297,561 164,683,019 89,612,560 254,295,580 18.3 Losses due to impairment of customers Losses due to impairment of customers 31.12.2010 31.12.2009 Initial balance (19,594,177) (20,467,615) Increase (2,566,981) (3,156,233) Decrease 2,315,968 - Reclassification (361,020) - Reversals 318,797 1,436,147 Consolidation differences (854) 2,593,524 Outside the perimeter (Águas de Moçambique) 10,748,945 - Final balance (9,139,322) (19,594,177) AdP Group_Annual Report 2010_214|215
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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
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Key Events Brazil There was continu
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Key activities and events The year
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• design and production of integr
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10. Future Perspectives The present
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12. Proposed Appropriation of Profi
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C - Financial Statements for 2010
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Separate Financial Statements for t
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Financial Position Statement Lisbon
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Changes in total equity statement L
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Notes to the financial statements 1
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(b) recognition and subsequent meas
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The following are subsidiary compan
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Land is not depreciated. Depreciati
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Gains and losses resulting from a c
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isks of the asset in question. The
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3 Financial risk management policy
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4.1 Provisions and adjustments AdP
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) Extraordinary income Extraordinar
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Gross Assets 31.12.2008 Additions S
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10.1 Changes during the period 31.1
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iv) In 2009, Other debtors essentia
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At 31 December 2010, capital was fu
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The Group uses derivatives with the
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25. Staff costs 31.12.2010 31.12.20
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i) The table below lists the main g
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2009 Domestic banks Foreign banks T
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[ blank page ] AdP Group_Annual Rep
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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
Page 207 and 208: “Basic equipment” essentially i
Page 209 and 210: 12. Financial investments in associ
Page 211 and 212: 14. Derivatives 31.12.2010 31.12.20
Page 213: ii) As a result of changes to the v
Page 217 and 218: Significant amounts were received f
Page 219 and 220: 26. Provisions 31.12.2010 31.12.200
Page 221 and 222: 27.1.5 Cost for the period 31 Decem
Page 223 and 224: Fixed interest rate 31.12.2010 31.1
Page 225 and 226: ii) The pig farming subsidy that wa
Page 227 and 228: 36. Sales and supply of services pe
Page 229 and 230: 40. Amortizations, provisions and r
Page 231 and 232: 45. Financial costs 31.12.2010 31.1
Page 233 and 234: 50. Contractual investment The esti
Page 235 and 236: Águas de Santo André, S.A. Instit
Page 237 and 238: Case no. CO/15/2010 - pertaining to
Page 239: Lisbon, 15 March 2011 António Manu
Page 242 and 243: 9. The Audit Committee wishes to po
Page 244 and 245: 5. Our audit also included a verifi
Page 246 and 247: - verifying consolidation transacti
Page 248 and 249: Photograph Captions Cover and Back
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Annual Report 2010 - AdP

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