AMPER, SA and Subsidiaries Consolidated Financial Statements for ...

15. Revenues
The breakdown by activity and market of the consolidated revenue is as follows (in thousands of euros):
Line of Business
Year ended
2011
Year ended
2010
Defense 69,177 60,475
Communication and Security Spain 113,327 124,996
Communication and Security Brazil 79,430 76,341
Communication and Security Latam 130,781 ---
Total 392,715 261,812
External market 240,800 94,898
Internal market 151,915 166,914
Total 392,715 261,812
The Group companies perform transactions with Grupo Telefonica under the conditions established
between the parties. In 2011 sales to Telefonica amounted to 81,555 thousands of Euros (95,656
thousands of Euros in 2010), representing 20.8% (36.5% in 2010) of consolidated turnover, although if
we discount the operations made through Grupo Telefonica as a sales channel the percentages would
be 15.9% and 28.5% respectively.
Transactions in foreign currency basically correspond to sales in the external market (see table above)
and have mainly been made in Brazilian currency and American dollars.
16. Net financial loss
The breakdown of the heading "Financial loss" on the attached consolidated income statement is as
follows:
2011 2010
Income from financial investments 1,833 3,664
Exchange gains 4,228 1,960
Other interest and finance income 136 359
Financial income 6,197 5,983
Interest on loans (9,564) (5,168)
Interest on customer discounts in Brazil --- ---
Other financial expenses Exchange (1,829) (1,884)
Exchange losses (7,255) (2,449)
Financial expenses (18,648) (9,501)
Net financial loss (12,451) (3,518)
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