Annual Report 2010 - AdP

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Justino Manuel Matias Carlos Member of the Board of Directors of AdP - Águas de Portugal, SGPS, S.A. Chairman of the Board of Directors of AdP - Águas de Portugal, Serviços Ambientais, S.A. Chairman of AdP - Águas de Portugal, Serviços Imobiliários, S.A. Member of the Board of Directors of AdP - Águas de Portugal Internacional - Serviços Ambientais, S.A. Board of Directors - Responsibilities for Operating Areas and Business Units Pedro Eduardo Passos da Cunha Serra Company Bodies Company Secretary Public Relations and Corporate Image Corporate Human Resources Research and development Business Units International Water - Distribution and Collection Waste António Manuel da Silva Branco Business Units Other Businesses João Manuel Lopes Fidalgo Business Units UN EPAL José Maria Martins Soares Company Bodies Sustainability and Social Responsibility Business Units Water - Production and Purification Justino Manuel Matias Carlos Company Bodies Business Development and Regulation Auditing and Risk Control Corporate Finance Business Units Shared Service International Governing Body Members - curricula vitae Board of the Annual General Meeting Chairwoman - Ana Cristina de Menezes Sequeira Rodrigues Academic Qualifications - Law degree from Universidade Lusíada de Lisboa (1990). - Specialised Course for Auditors on the National System of QCA III Supervision, Instituto Superior de Economia de Gestão (ISEG) (2005/6). - Course in Portuguese Foreign Policy, Instituto Diplomático, Ministry of Foreign Affairs. Professional Career - Tax, European Community and Administrative lawyer with Azeredo Perdigão e Pereira de Almeida (1990-1996). - Lecturer in tax law and public finance, Universidade Lusíada (1991-2000). - Finance inspector, General Inspectorate of Finance (since 1996). - Assistant to the Secretary of State for the Treasury and Finance Department (2005).
- Full member the European Banking Committee (2005). - Chairman of the Board of the Annual General Meeting of AdP - Águas de Portugal, SGPS, S.A. (since 2005). Vice-Chairwoman - Maria Fernanda Joanaz Martins Born: 12 September, 1959. Academic Qualifications - Degree in Economics, Economics Faculty, Universidade Nova de Lisboa (1983). - Postgraduate studies in the Management and Supervision of Public Funds, Universidade Autónoma de Lisboa (2000). - Masters degree course in Public Management and Administration, Instituto Superior de Ciências Sociais e Políticas (2006). Professional Career In Portugal’s public administration: - Treasury and Finance Department, Ministry of Finance and Public Administration - director of the State Holdings Services Department (since November/2007). - Treasury and Finance Department, Ministry of Finance and Public Administration - adviser on providing support for state-owned companies (2006-2007). - Institute of Engineering, Technology and Information (INETI), Ministry of Innovation and Technology - director of services, responsible for finance and property (2003-2005). - National Agricultural Guarantee Institute (INGA) - Ministry of Agriculture - head of department, responsible for financial management (2001-2003). - Office of the Secretary of State for the Treasury and Finance Department - Ministry of Finance - adviser (2000). - Institute of Public Credit Management (IGCP) - Ministry of Finance - senior technician in the Studies Department (1998-2000). - Directorate General of the Public Credit Board - Ministry of Finance - senior technician in the Studies Department (1996-1998). - Treasury Department - Ministry of Finance - section head, responsible for state credit operations (1993-1996). - Treasury Department - Ministry of Finance - senior technician in the area of state financial support (1983-1993). Other posts: - Represented Portugal at FEOGA Guarantee Committees (2001-2002). - Member of the Consultative Council of Portugal Vela 2007, S.A. (2006-2007). - Secretary of the Board of the Annual General Meeting of EP - Estradas de Portugal, S.A. - Chairman of the Board of the Annual General Meeting of Docapesca-Portos e Lotas, S.A.. - Vice-Chairman of the Board of the Annual General Meeting of AdP-Águas de Portugal, SGPS, S.A.. - Chairman of the Supervisory Board of Metro do Porto, S.A.. Secretary - Manuel Bruno Rossi Ruano Gouveia Pereira Born Lisbon: 18 August 1978. Academic Qualifications - Degree in Law, Law Faculty, Universidade Lusíada (2001). - Postgraduate studies in Planning, Urban and Environmental Law (CEDOUA), Law Faculty, Universidade de Coimbra (October 2002/June 2003). - Currently studying towards a Master’s Degree in Administrative Law, Faculty of Law, University of Lisbon. Professional Career - Assistant to the Office of the Ministry of the Environment and Territorial Planning (since November 2009) - Assistant to the Office of the Ministry for the Environment, Territorial Planning and Regional Development (May 2007/October 2009). - Real estate, urban planning and environmental lawyer with Vieira de Almeida & Associados, Sociedade de Advogados, RL (September 2003/April 2007). - Intern lawyer with Leónidas, Matos & Associados (currently Garrigues Portugal, SL) (2001/2003). AdP Group_Annual Report 2010_32|33
Page 1: Annual Report 2010 AdP Group_Annual
Page 5 and 6: Table of Contents Chairman’s Mess
Page 7 and 8: the implementation of concession co
Page 9 and 10: AdP Group_Annual Report 2010_8|9
Page 11 and 12: Economic and financial indicators 2
Page 13: 238.3 Volume of Wastewater treated
Page 16 and 17: the sector regulator and the Minist
Page 18 and 19: A - Corporate Governance
Page 21 and 22: A - Corporate Governance 1. Mission
Page 23 and 24: in certain regions of the country,
Page 25 and 26: with the Ministry of Environment an
Page 27 and 28: 3. Information on Relevant Transact
Page 29 and 30: Executive Board Under the terms of
Page 31: Executive Board Chairman Pedro Edua
Page 35 and 36: - In October 2002, he was appointed
Page 37 and 38: - 1992-1993 - Director and Financia
Page 39 and 40: Member - Pedro António Martins Men
Page 41 and 42: • EPAL EPAL operates in the whole
Page 43 and 44: II. Remuneration and Other Costs (A
Page 45 and 46: The report highlights the strategy
Page 47 and 48: The average age within the group is
Page 49 and 50: Regarding staff costs, there was a
Page 51 and 52: “Boosting national participation
Page 53 and 54: - considering the objective establi
Page 55 and 56: • Treat employees with respect an
Page 57 and 58: 8. Code of Ethical Conduct Remunera
Page 59 and 60: The evaluation of risk is carried o
Page 61 and 62: Information included on the Company
Page 63 and 64: There is an important volume of lon
Page 65 and 66: [ blank page ] AdP Group_Annual Rep
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Page 70 and 71: The stabilisation of financial mark
Page 72 and 73: The approval of the Stability and G
Page 74 and 75: In 2010, the objectives to be achie
Page 76 and 77: The weighting of the fixed rate com
Page 78 and 79: Financial Risk Management - Complie
Page 80 and 81: 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
Page 157 and 158:
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
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Consolidated statement of changes i
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Notes to the consolidated financial
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Vision and objectives for the 2008-
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- In terms of classification and me
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Below, a breakdown of the companies
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II - Unregulated activities a. EPAL
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If the difference is negative (tari
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2.7 Tangible fixed assets Tangible
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This category includes derivatives
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Financial assets available for sale
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The costs of past services are imme
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information on the conditions that
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The goal of capital risk management
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31.12.2009 Net income OPA 45,911,36
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7. Derivatives 7.1 Classification o
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- Águas do Centro (Contracts for c
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“Basic equipment” essentially i
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12. Financial investments in associ
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14. Derivatives 31.12.2010 31.12.20
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ii) As a result of changes to the v
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Debts per municipality in excess of
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Significant amounts were received f
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26. Provisions 31.12.2010 31.12.200
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27.1.5 Cost for the period 31 Decem
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Fixed interest rate 31.12.2010 31.1
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ii) The pig farming subsidy that wa
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36. Sales and supply of services pe
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40. Amortizations, provisions and r
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45. Financial costs 31.12.2010 31.1
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50. Contractual investment The esti
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Águas de Santo André, S.A. Instit
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Case no. CO/15/2010 - pertaining to
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Lisbon, 15 March 2011 António Manu
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9. The Audit Committee wishes to po
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5. Our audit also included a verifi
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- verifying consolidation transacti
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Photograph Captions Cover and Back
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Annual Report 2010 - AdP

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