Annual Report 2010 - AdP

31.12.2009 Increases/ Dividends Distribution of Transfer. 31.12.2010
Decreases Net Income
Legal reserves 7,867,715 - - 2,295,568 - 10,163,283
Free reserves - - - 19,000,764 - 19,000,764
Foreign exchange conversion reserves 3,749,355 (81,092) - - (3,578,834) 89,429
11,617,070 (81,092) - 21,296,332 (3,578,834) 29,253,475
Retained earnings 134,400,154 (6,332,218) (24,615,034) 44,029,157 3,578,834 151,060,893
Net income 65,325,489 79,459,018 (65,325,489) - 79,459,018
199,725,643 73,126,800 (24,615,034) (21,296,332) 3,578,834 230,519,910
211,342,712 73,045,708 (24,615,034) - - 259,773,386
Foreign Exchange Conversion Reserve 31.12.2010 31.12.2009
Initial balance 3,749,355 1,443,356
Changes of the year:
- Águas do Brasil, S.A. (70,145) (117,629)
- Aquatec, Lda. (10,947) 167,460
- Águas de Moçambique, S.A.R.L. (3,578,834) 2,256,168
Final balance 89,429 3,749,355
24. Retained earnings
31.12.2010
Initial balance 134,400,154
Net income 44,029,157
Dividends paid (24,615,034)
Other changes (2,753,384)
Final balance 151,060,893
The main amounts recorded under other changes in retained earnings refer to EPAL in the amount of 3,761,277 euros and pertains
to the effect of changing the tax rate on temporary differences previously recorded under reserves, namely legal and free revaluation
reserves. There were also changes in capital holdings in the approximate amount of 331,000 euros.
25. Non-controlled interests
31.12.2010
Initial balance 214,167,440
Distributed dividends (8,403,767)
Result 17,275,196
Perimeter changes AgdA 7,463,730
Perimeter changes AdRA 246,263
Perimeter changes Simdouro 2,077,579
Unpaid capital 827,480
Change in minimum holding (1,366,348)
Capital increase 1,616,936
Changes in total equity - IFRS 263,919
Other 28,332
Final balance 234,196,760