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

CONSOLIDATED ANNUAL REPORT FOR 2011
1. Activity of the Group
Amper, S.A. (the Company or Parent Company) was incorporated on 19 January 1971 as a result of
the re-registration of the Spanish Limited Liability Company Amper Radio, S.L. It has not changed its
company name since its incorporation. Its registered offices are located at C/ Marconi, 3 (P.T.M.), Tres
Cantos - 28760 Madrid.
Its corporate purpose is research, development, manufacture, repair, marketing, engineering,
installation and maintenance of telecommunications and electronic systems and equipment and their
related components, and also the acquisition, ownership, administration, intermediation, encumbrance
or use of all manner of movable property and real estate, shares, other equity interests and marketable
securities in general.
In addition to the operations that it carries out directly, Amper, S.A. heads a group of subsidiaries that
engage in a wide range of business activities and constitute, together with it, the Amper Group
(hereinafter, "the Group"). Consequently, Amper, S.A. is obliged to prepare, in addition to its own
financial statements, consolidated financial statements for the Group, which include investments in
associates.
Amper, S.A. belongs to the "Communications and Information Services" Sector, and the "Electronics
and Software" subsector. Amper’s shares have been included in the IBEX Small Cap Index since 01
July 2005.
The annual consolidated financial statements of Amper for the 2010 financial year were approved by
the General Shareholders Meeting of Amper, S.A. held on 29 June 2011.
These consolidated financial statements are presented in thousands of euros (unless expressly stated
otherwise) as the euro is the functional currency of the main economic environment of the Parent
Company. Foreign operations are included in line with the policies established in Note 3.
2. Basis for submission of the financial statements and principles of consolidation
2.1 Application of International Financial Reporting Standards (IFRSs)
The consolidated financial statements for 2011 were prepared in accordance with the International
Financial Reporting Standards. The IFRSs in force at 31 December 2011, as adopted by the European
Union are applicable (hereinafter "IFRSs"), in conformity with Regulation (EC) No. 1606/2002 of the
European Parliament and of the Council and subsequent amendments, taking into account all the
mandatory accounting principles and rules and measurement bases with a material effect, together with
the alternative treatments that applicable standards allow in this respect.
In accordance with these regulations, in the scope of application of the International Financial Reporting
Standards, and in the preparation of these consolidated financial statements of the Group, the following
points should be highlighted:
• The IFRSs are applied to the preparation of the consolidated financial information of the Group.
The financial statements of the individual companies that make up the Group continue to be
prepared and submitted in accordance with the principles and standards established in the
Spanish National Chart of Accounts.
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