Annual Report 2010 - AdP

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28. Loans Non-current 31.12.2010 31.12.2009 Bank loans - EIB 28.1/28.2 1,606,082,801 1,300,304,302 Bank loans – commercial banks - - Bond loans 28.1/28.2 500,000,000 500,000,000 Other bank loans 28.1/28.2 285,644,937 204,554,486 Other loans 680,245 - Bank loans 2,392,407,984 2,004,858,788 Amounts owed to leasing companies 28.3 23,649,853 25,267,040 Total non-current loans 2,416,057,836 2,030,125,828 Current 31.12.2010 31.12.2009 Bank overdrafts 177,814,198 150,283,067 Bank loans 28.1/28.2 327,884,637 393,459,147 Other loans 175,911 4,541,486 Bank loans 505,874,746 548,283,700 Amounts owed to leasing companies 28.3 3,500,372 3,518,486 Other loans - - Total current loans 509,375,118 551,802,186 Total bank loans 2,898,282,730 2,553,142,488 Total loans 2,925,432,955 2,581,928,014 28.1 Loan breakdown according to maturity 31.12.2010 31.12.2009 Non-current Bank loans - EIB 1,606,082,801 1,300,304,302 Bank loans – commercial banks - - Bond loans 500,000,000 500,000,000 Other bank loans Current 285,644,937 204,554,486 Bank loans 327,884,637 393,459,147 2,719,612,375 2,398,317,935 By maturity 31.12.2010 31.12.2009 Up to 1 year 327,884,636 393,459,147 1 to 2 years 58,346,922 66,840,081 2 to 3 years 60,907,258 51,376,780 3 to 4 years 82,180,803 115,374,454 4 to 5 years 63,376,424 74,377,639 More than 5 years 2,126,916,332 1,696,889,834 2,719,612,375 2,398,317,935 28.2 Loan breakdown according to interest rate Variable interest rate 31.12.2010 31.12.2009 Up to 1 year 291,476,742 377,653,019 1 to 2 years 20,774,900 47,303,426 2 to 3 years 18,987,689 29,200,230 More than 3 years 1,177,484,194 1,129,092,561 1,508,723,525 1,583,249,236
Fixed interest rate 31.12.2010 31.12.2009 Up to 1 year 36,407,894 15,806,128 1 to 2 years 37,572,022 19,536,655 2 to 3 years 41,919,569 22,176,550 More than 3 years 1,094,989,365 757,549,366 1,210,888,849 815,068,699 2,719,612,375 2,398,317,935 28.3 Financial leasing Financial leasing 31.12.2010 31.12.2009 Current 3,500,372 3,518,486 Non-current 23,649,853 25,267,040 27,150,225 28,785,526 Capital owed by nature of acquired assets 31.12.2010 31.12.2009 Buildings and other constructions 23,023,061 23,567,802 Basic equipment 2,195,887 2,835,373 Transportation equipment 1,870,522 2,372,612 Office equipment 60,755 9,740 27,150,225 28,785,526 Minimum future payments 31.12.2010 31.12.2009 Up to 1 year 3,821,721 3,903,614 1 to 5 years 9,424,943 13,010,021 More than 5 years 15,954,892 14,187,495 29,201,556 31,101,130 Interest 31.12.2010 31.12.2009 Up to 1 year 321,350 385,128 1 to 5 years 918,410 1,294,279 More than 5 years 811,572 636,197 2,051,332 2,315,603 Present value of minimum payments 31.12.2010 31.12.2009 Up to 1 year 3,500,372 3,518,486 1 to 5 years 8,506,533 11,715,742 More than 5 years 15,143,320 13,551,298 27,150,225 28,785,526 29. Suppliers and other non-current liabilities 31.12.2010 31.12.2009 Investment suppliers 32,252,524 29,491,396 Other accounts payable 138,559,463 80,209,209 Shareholders/partners - 1,190,008 170,811,987 110,890,613 AdP Group_Annual Report 2010_222|223
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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
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Opinion 7. In our opinion, the abov
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5. We believe that the audit we per
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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 and 214: ii) As a result of changes to the v
Page 215 and 216: Debts per municipality in excess of
Page 217 and 218: Significant amounts were received f
Page 219 and 220: 26. Provisions 31.12.2010 31.12.200
Page 221: 27.1.5 Cost for the period 31 Decem
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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