Financial Information - Uralita

FINANCIAL INFORMATION ANNUAL REPORT 2006
• José Ignacio Olleros Piñero
24.ENVIRONMENTAL INFORMATION
- Uralita B.V.
- Uralita Holding B.V.
• Alvaro Rodríguez-Solano Romero
- Uralita B.V.
- Uralita Holding B.V.
Some of the consolidated companies are
required to comply with a series of legal
provisions relating to the prevention and
reduction of emissions, recovery of zones and
the protection and improvement of the
environment, and this has given rise to a series
of investments and expenses.
All these companies are subsidiaries of Uralita,
S.A.
In all cases, members of the management teams
of all subsidiaries represent Urallita, S.A., as the
main shareholder, with the exception of certain
subsidiaries, belonging mainly to the Gypsum
and Roofing businesses, whose management
teams include representatives of minority
shareholder Grupo Lafarge, which carries out
similar activities to those carried out by Uralita
Group. Representatives of the Uralita and
Lafarge groups on these management teams do
not hold stakes in the share capital of
companies which carry out the same, similar or
complementary business activities to those
carried out by the companies making up the
Uralita Group’s core business, nor do they hold
positions of responsibility in other companies not
belonging to the Group, which carry out a similar
business activity.
23.CONTINGENT ASSETS AND
LIABILITIES
At 31 December 2006, there are no contingent
assets or liabilities that could have a material
impact on the financial position and equity
reflected in the accompanying consolidated
financial statements.
The net carrying amounts at 31 December 2006
of systems, equipment and facilities included in
property, plant and equipment designed to
protect and improve the environment amount to
€8,821 thousand.
Costs incurred in 2006 for environmental
protection and improvement included €1,538
thousand of ordinary and €28 thousand of
extraordinary expenditure. They mostly
comprised wages paid to personnel who carry
out environmental services, waste collection and
treatment, environmental audits and similar
certifications.
Provisions at 31 December 2006 for
environmental actions amounted to €35
thousand, fully allocated during the year.
The follow-up of environmental contingencies is
mainly undertaken by specialized personnel,
while third parties are charged with carrying out
environmental audits and waste management
and collection. The evaluation of these
contingencies has not indicated any eventual
effects on the companies’ assets and results, nor
are any additional contingencies of an
environmental nature expected to arise from
their activity.
Environment-related subsidies and compensation
obtained in 2006 amounted to €64 thousand.
177