Annual Report 2010 - AdP

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34. Income tax 31.12.2010 31.12.2009 Income tax - liabilities 43,219,244 6,208,330 43,219,244 6,208,330 Corporate income tax for the period There are no outstanding amounts owed to tax entities. 35. Sales and supply of services per business unit 31.12.2010 31.12.2009 Sales Water - production, treatment and transport 162,110,566 148,917,298 Solid waste 71,795,326 67,112,265 Distribution and collection 11,693,290 - EPAL 137,716,370 138,498,007 International 12,898,173 9,747,576 Supply of services 396,213,724 364,275,146 Water - production, treatment and transport 183,920,491 162,042,883 Solid waste 92,923,573 90,834,199 Distribution and collection 8,626,926 - EPAL 2,006,852 2,766,600 International 2,728,122 4,265,269 Corporate 723,638 1,231,447 Tariff gap 290,929,601 261,140,398 Water - production, treatment and transport 35,311,598 42,725,992 Solid waste (5,876,745) (10,265,526) Distribution and collection 7,901,421 - 37,336,274 32,460,465 724,479,599 657,876,010 The increase in sales and supply of services can be explained by the coming on stream of various infrastructures, as well as the start of activity of AdRA - Águas da Região de Aveiro and AgdA - Águas Públicas do Alentejo.
36. Sales and supply of services per market Domestic International Internal Market Market transactions 31.12.2010 Sales Water - production, treatment and transport 162,926,014 - (815,448) 162,110,566 Solid waste 71,795,326 - 71,795,326 Distribution and collection 11,718,847 - (25,557) 11,693,290 EPAL 145,447,750 - (7,731,381) 137,716,370 International - 12,898,173 12,898,173 Supply of services 391,887,937 12,898,173 (8,572,386) 396,213,724 Water - production, treatment and transport 190,005,953 1,341 (6,086,803) 183,920,490 Solid waste 93,737,571 - (813,998) 92,923,573 Distribution and collection 8,698,341 - (71,415) 8,626,926 EPAL 2,006,968 - (116) 2,006,852 International 2,728,122 - 2,728,122 Corporate 21,273,982 25,032 (20,575,376) 723,638 315,722,815 2,754,494 (27,547,708) 290,929,601 Tariff deficit 37,336,274 - - 37,336,274 37,336,274 - - 37,336,274 744,947,027 15,652,667 (36,120,094) 724,479,599 37. Cost of sales 31.12.2010 31.12.2009 Purchase of goods for resale - goods 6,201,553 6,279,554 Purchase of goods for resale - materials 25,155,070 19,626,330 Corrections of previous years 4,889 2,128 31,361,512 25,908,011 Capitalization of purchase of goods for resale (997,141) (547,654) 30,364,371 25,360,357 Production change (83,122) 570,674 30,281,249 25,931,031 38. External supplies and services 31.12.2010 31.12.2009 Subcontracts i) 34,823,620 26,808,361 Specialized services 83,400,588 77,466,184 Materials 6,997,351 5,305,654 Energy and fluids ii) 61,968,170 53,063,066 Travel and accommodation 3,574,561 3,501,768 Rental and leasing 11,599,788 9,397,177 Communication 5,888,824 5,594,637 Insurance 9,845,098 9,209,745 Other 13,351,145 13,397,030 Corrections of previous years 424,765 (14,753) 231,873,909 203,728,869 Capitalized external supplies and services (ESS) (7,157,265) (8,804,569) 224,716,644 194,924,300 AdP Group_Annual Report 2010_226|227
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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
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44. Other operational income and ga
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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 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: ii) The pig farming subsidy that wa
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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