Consolidated Financial Statements and Consolidated Management ...

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CONSOLIDATED COMPREHENSIVE PROFIT AND LOSS STATEMENTS *Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with IFRS’s as adopted by the European Union. In the event of a discrepancy, the Spanish-language version prevails. CONSOLIDATED PROFIT AND LOSS STATEMENTS FOR 2011 AND 2010 (Thousands Euros) Note 31.12.11 31.12.10 Net turnover 26.1 1,330,986 1,281,940 Other operating income 26.1 38,869 16,714 Net gain (loss) on disposal of non-current assets 7, 8 y 26.1 33,905 2,142 Procurements 12 (78,078) (83,559) Personnel expenses 26.3 (441,452) (425,757) Depreciation allowance 7, 8 y 9 (119,887) (123,683) Net losses from asset impairment 7, 8 y 9 (7,369) (2,240) Other operating expenses 26.4 (698,862) (656,402) Profit (Loss) from entities valued through the equity method 10 (3,985) (1,450) Financial income 26.2 5,720 5,111 Change in fair value of financial instruments 26.6 (6,825) 649 Financial expenses 26.6 (68,646) (61,902) Net exchange rate differences (Income/(Expenses)) 12 (21,941) Gain (Loss) on disposal of financial investments 19,913 17,825 PRETAX PROFIT / LOSS FROM CONTINUING OPERATIONS 4,301 (52,553) Company Tax 21 6,200 5,109 PROFIT / LOSS FOR THE FINANCIAL YEAR 10,501 (47,444) Currency translation differences (25,272) 18,772 Due to valuation of financial instruments 6,201 3,354 Income and expenses directly attributed to shareholders' equity (19,071) 22,126 TOTAL COMPREHENSIVE LOSS (8,570) (25,318) Year's profit / loss attributable to: Shareholders of the Parent Company 6,231 (41,296) Minority Interests 4,270 (6,148) Comprehensive loss attributable to: Shareholders of the Parent Company (11,457) (21,708) Minority Interests 15.6 2,887 (3,610) Profit / Loss per share in Euros (basic and diluted) 5 0.03 (0.17) Notes 1 to 32 set forth in the Consolidated Annual Report and Annexes I/III form an integral part of the Consolidated Comprehensive Profit and Loss Statement for 2011. The Consolidated Comprehensive Profit and Loss Statement for 2010 is presented solely for the purposes of comparison. 62 CONSOLIDATED COMPREHENSIVE PROFIT AND LOSS STATEMENTS
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY *Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with IFRS’s as adopted by the European Union. In the event of a discrepancy, the Spanish-language version prevails. Share capital CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR 2011 AND 2010 (Thousands Euros) Share premium Parent Company’s Reserves Legal reserve Voluntary Reserves Full consolidation Reserves in companies consolidated by Proportional consolidation the equity method Currency translation differences Equity valuation adjustments Treasury Shares Results attributable to Parent Company Total Minority Interests Total Shareholders' Equity Balances at 31 December 2009 493,235 413,747 35,332 49,733 375,258 3,293 (5,023) (75,774) (9,931) (1,100) (97,100) 1,181,670 209,254 1,390,924 Net profit (loss) for 2010 - - - - - - - - - - (41,296) (41,296) (6,148) (47,444) Currency translation differences - - - - - - - 16,234 - - - 16,234 2,538 18,772 Cash flow hedges - - - - - - - - 3,354 - - 3,354 - 3,354 Others - - - - - - - - - - - - - - Recognised income and expenses for - - - - - - - 16,234 3,354 - (41,296) (21,708) (3,610) (25,318) the period Increase of capital - - - - - - - - - - - - 255 255 Distribution of Profit (Loss) 2009: - To Reserves - - 1,289 11,603 (103,825) (1,016) (5,151) - - - 97,100 - - - - To Dividends - - - - - - - - - - - - - - Changes in treasury shares - - - - (407) - - - - 730 - 323 - 323 Acquisition of minority interests - - - - (998) - - - - - - (998) (1,207) (2,205) Other movements - - - (1,270) 6,645 - - - - - - 5,375 (537) 4,838 Balances at 31 December 2010 493,235 413,747 36,621 60,066 276,673 2,277 (10,174) (59,540) (6,577) (370) (41,296) 1,164,662 204,155 1,368,817 Net profit (loss) for 2011 - - - - - - - - - - 6,231 6,231 4,270 10,501 Currency translation differences - - - - - - - (23,889) - - (23,889) (1,383) (25,272) Cash flow hedges - - - - - - - - 6,201 - - 6,201 - 6,201 Others - - - - - - - - - - - - - - Recognised income and expenses for - - - - - - - (23,889) 6,201 - 6,231 (11,457) 2,887 (8,570) the period Increase of capital - - - - - - - - - - - - 1,295 1,295 Distribution of Profit (Loss) 2010: - To Reserves - - 6,500 58,502 (101,045) (3,803) (1,450) - - - 41,296 - - - - To Dividends - - - - - - - - - - - - - - Changes in treasury shares - - - - - - - - - (11,544) - (11,544) - (11,544) Acquisition of minority interests - - - - 124 - - - - - - 124 (124) - Dividend shareout - - - - - - - - - - - - (2,982) (2,982) Other movements - - - 2,370 (5,008) - - - - - - (2,638) (581) (3,219) Balances at 31 December 2011 493,235 413,747 43,121 120,938 170,744 (1,526) (11,624) (83,429) (376) (11,914) 6,231 1,139,147 204,650 1,343,797 Notes 1 to 32 set forth in the Consolidated Annual Report and Annexes I/III form an integral part of the Consolidated Statement of Changes in Shareholders’ Equity for the year ending on 31 December 2011. The Consolidated Statement of Changes in Shareholders’ Equity for the year ending on 31 December 2010 is solely presented for the purposes of comparison. CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 63
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Lamps which create a special atmosp
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ANNUAL REPORT 2011 CONSOLIDATED FIN
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10. INVESTMENTS VALUED USING THE EQ
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INDEPENDENT AUDITORS’ REPORT ON C
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End customers, who are even more de
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Page 15 and 16: SUBSEQUENT DISCLOSURES The process
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Page 19 and 20: B. STRUCTURE OF THE COMPANY’S COR
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Page 35 and 36: C. RELATED-PARTY TRANSACTIONS C.1.
Page 37 and 38: D. RISK CONTROL SYSTEMS D.1. Genera
Page 39 and 40: The Audit Department therefore cont
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Page 45 and 46: ) The following decisions: i) The a
Page 47 and 48: 23. All directors must be able to e
Page 49 and 50: 41. The Annual Report shall include
Page 51 and 52: 53. The Board of Directors shall se
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Page 67 and 68: 2.1.2. Standards and interpretation
Page 69 and 70: 2.5.2. Associate companies (See Ann
Page 71 and 72: 4. VALUATION STANDARDS The main pri
Page 73 and 74: - Outstanding loans and accounts re
Page 75 and 76: Deferred tax liabilities for all ta
Page 77 and 78: A breakdown of the cash generating
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Page 99 and 100: 26.3. Personnel expenses The compos
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REPORT ON THE CONSOLIDATED FINANCIA
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9) To supervise compliance and inte
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ANNUAL REPORT OF THE AUDIT COMMITTE
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