Annual Report 2010 - AdP

ii) The pig farming subsidy that was estimated to be receivable and depended on fulfilling the country’s pig farming targets in the
amount of 9,600,000 euros in Simarsul was cancelled;
iii) At Águas do Noroeste, the applications of the 2nd and 3rd phase fell below 100% execution and as such the subsidized amount
was corrected in the amount of 13,338,493 euros.
31.2 Amounts accrued to results for the period
31.12.2010 31.12.2009
Investment grants - Cohesion Fund 31.1 56,474,043 57,288,991
Investment grants - other 7,219,234 5,692,563
Integration of assets 3,444,609 4,039,728
67,137,886 67,021,282
32. Suppliers
31.12.2010 31.12.2009
Suppliers c/a general 60,195,853 52,496,025
Investment suppliers 92,538,649 112,758,443
Suppliers - invoices reception verification 4,591,067 2,893,678
Other suppliers balances 1,459,093 -
158,784,662 168,148,146
Amounts recorded under “Investment suppliers” refer to amounts owed to municipalities due to integration of assets in multi-
-municipal systems and non-current debts are stated in note 29.
33. Other current liabilities
31.12.2010 31.12.2009
Advances from customers 63,263 57,473
Staff i) 16,278,881 22,635,570
Shareholders/partners ii) 244,457 3,344,073
Other accounts payable iii) 93,963,568 67,061,661
Deferrals 8,608,074 12,811,162
119,158,242 105,909,939
i) The reduction in current liabilities - staff can essentially be explained by the fact that the group did not estimate any bonuses
payable in 2011 to employees and managers due to legal imposition;
ii) The change in shareholders is due to the payment of dividends from previous years that were available and had not yet been
paid, in the amount of 1,940,020 euros at AdP SGPS and 1,273,990 euros at Águas do Algarve, S.A.;
iii) The main changes in other accounts payable took place at the following companies:
- Águas do Noroeste (+ 4,927,860 euros), essentially referring to the updating of the tariff charged to Tratave (in the amount of
2,520,623 euros), agreements made with construction companies (1,545,000 euros) and works invoiceable to Fafe (in the amount
of 1,500,000 euros);
- Águas do Centro (9,920,600 euros), this change essentially refers to the adjustment of the contractual investment in the amount
of 8,138,000 euros;
- Resinorte (+1,995,443 euros), this change essentially refers to invoicing not issued to Suma in the approximate amount of
1,100,000 euros.
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