Annual Report 2010 - AdP

i) The increase in subcontracts results from the continuation of the group’s policy to outsource as many services as possible. The
most significant increases occurred in Águas do Algarve (+ 2,129,000 euros), Águas do Noroeste (+3,000,000 euros) and Resinorte
(+3,800,000 euros);
ii) The 17% increase in energy and fluids costs is essentially due to an increase in energy costs (price increase). This rise was also due
to the coming on stream of new infrastructures such as the Wastewater Treatment Plant (WTP) of Alcântara and the WTP of
Guia (testing phase) and the new companies AdRA and AgdA.
39. Staff costs
31.12.2010 31.12.2009
Remuneration 120,630,878 119,411,456
Remuneration charges 24,301,273 24,032,197
Other staff costs 13,405,939 14,649,960
Corrections of previous years i) (1,924,897) (101,928)
156,413,193 157,991,685
Capitalized staff costs (9,826,634) (8,526,657)
146,586,559 149,465,028
i) The significant amount recorded under corrections of previous years refers almost entirely to the cancellation/reversal of
management bonuses estimates for 2009, which were not paid due to legal impositions in 2010.
39.1 Governing bodies remuneration
31.12.2010 31.12.2009
Board of Directors 754,566 1,112,370
Audit Committee 60,323 95,912
Statutory Accountant (a) 84,704 80,000
899,583 1,299,282
(a) The amount recorded in 2010 includes 4,704 euros in VAT due to the fact that the company uses the pro rata method.
The drop in governing bodies remuneration is due to the 5% drop in their wages during the second half of 2010, and due to the fact
that in 2009 bonuses payable in 2010 were estimated in the amount of 255,860 euros (cancelled in 2010) which could not be paid
for legal reasons. The reduction in Audit Committee remunerations is explained by the fact that 2009 contained retroactive operations.
39.2 Average number of shares
31.12.2010 31.12.2009
Governing Bodies 152 141
Permanent employees and other 5,552 5,196
5,704 5,337
The average number of employees increased significantly essentially due to the following affiliates:
31.12.2009 Aumentos 31.12.2010
AdRA - Águas da Região de Aveiro, S.A. - 165 165
AgdA - Águas Públicas do Alentejo, S.A. - 46 46
Resinorte, S.A. 187 114 301
187 325 512
As regards AdRA and AgdA, these were companies established in 2009 and which only began operating in 2010 and therefore
increased their staff by this number (expected to also increase in 2011). As regards Resinorte, the 114 rise in employees is due to
the fact that AMAVE was integrated into the Resinorte system.