Annual Report - EDP

notes to the EDP consolidated - Energias de Portugal, and company S.A. financial statementsNotes to for the the Consolidated years and ended Company 31 december Financial Statements 2012 and 2011for the years ended 31 December 2012 and 2011Companies incorporated: 2012 Vento XI, L.L.C. *; Casellaneta Wind S.R.L.; Central Eólica Aventura, S.A.; Central Eólica Baixa do Feijão I, S.A.; Central Eólica Baixa do Feijão II, S.A.; Central Eólica Baixa do Feijão III, S.A.; Central Eólica Baixa do Feijão IV, S.A.; EDP Renewables , S.G.P.S., S.A.; EDP Renewables Belgium, S.A.; EDP Renewables Canada GP Ltd. *; EDP Renewables Canada LP Ltd.; EDP Renováveis Servicios Financieros, S.L.; EDPR PT - Promoção e Operação, S.A.; EDPR Wind Ventures XI, L.L.C. *; EDPR-RO-PV, S.R.L.; Gas Transporte Span, S.L.; Laterza Wind S.R.L.; MFW Gryf SP. ZO.O.; MFW Neptun SP. ZO.O.; MFW Pomorze SP. ZO.O.; Monts de la Madeleine Energie, S.A.S.; Monts du Forez Energie, S.A.S.; SBWFI GP Inc.; South Dundas Wind Farm LP; Verde Wind Power L.L.C. ** EDP Group holds, through EDP Renováveis and its subsidiary EDPR NA and EDPR Canada, a set of subsidiaries legally incorporated in the United States and Canadawithout share capital and that as at 31 December 2012 does not have any assets or liabilities, or any operating activity.Other changes: EDP Energias do Brasil, S.A. made a "stock split", in which its sharesholders received two shares for each one they held. The company's share capital has notchanged, as well as the consolidation percentage in the EDP Group; Decrease of the financial interest in Windplus, S.A. from 42% to 31% through dilution, proceeding a share capital increase not fully subscribed by EDP Inovação,S.A., followed by a contribution in kind to subscribe a share capital increase in Principle Power, Inc for exchange of 31% of Windplus for 50.3% of Principle Power; EDP Gás.Com – Comércio de Gás Natural, S.A. demerged part of its assets, namely the business associated to natural gas supply to final customers, which weresubsequently merged in EDP Comercial – Comercialização de Energia, S.A., as at 28 December 2012.The companies included in the consolidation perimeter of EDP Group as at 31 December 2012 and 2011 are listed in Annex I.6. TURNOVERTurnover analysed by sector is as follows:GroupCompanyThousands of Euros Dec 2012 Dec 2011 Dec 2012 Dec 2011Electricity and network access 14,404,399 13,241,733 1,761,552 1,923,688Gas and network access 1,771,137 1,688,936 232,827 211,223Sales of CO 2 licenses 17,313 37,036 51,421 163,119Other 147,005 153,146 144,414 134,15916,339,854 15,120,851 2,190,214 2,432,189Turnover by geographical market, for the Group, is analysed as follows:Dec 2012Thousands of Euros Portugal Spain Brazil U.S.A. Other GroupElectricity and network access 8,105,482 3,232,648 2,516,774 364,631 184,864 14,404,399Gas and network access 251,013 1,520,124 - - - 1,771,137Sales of CO 2 licenses 17,313 - - - - 17,313Other 81,569 35,859 22,634 - 6,943 147,0058,455,377 4,788,631 2,539,408 364,631 191,807 16,339,854Dec 2011Thousands of Euros Portugal Spain Brazil U.S.A. Other GroupElectricity and network access 7,230,770 3,255,486 2,322,204 306,350 126,923 13,241,733Gas and network access 407,805 1,281,131 - - - 1,688,936Sales of CO 2 licenses 37,036 - - - - 37,036Other 97,778 44,092 10,729 - 547 153,1467,773,389 4,580,709 2,332,933 306,350 127,470 15,120,851In 2012, on a consolidated basis, the caption Electricity and network access in Portugal includes a net revenue of 1,457,820 thousands of Euros (income in 31December 2011: 610,757 thousands of Euros) regarding the tariff adjustments of the period (see notes 26 and 39), as described under accounting policy - note 2 x).EDP - Annual Report 2012195