Annual Report - EDP

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notes to the EDP consolidated - Energias de Portugal, and company S.A. financial statementsNotes to for the the Consolidated years ended and Company 31 december Financial Statements 2012 and 2011for the years ended 31 December 2012 and 2011Business operations between the Company and the members of the Executive Board of Directors and General and Supervisory Board with qualifying holdingsand companies in the group or control relationship with EDPIn May 11, 2012, with the entry into force of the strategic partnership agreement signed with the China Three Gorges Corporation in December 2011, this company (aswell as three other companies in the CTG Group) became members of the General and Supervisory Board of EDP.Subsequently and in the framework of the implementation of this partnership, an agreement was concluded between EDP Renewables Europe and a CTG Groupsociety (China Three Gorges International (Hong Kong) Company Limited) whereby the parties agreed on the sale of a 49% stake in EDP Renováveis Portugal, subjectto prior obtaining regulatory approvals (see note 49).In its normal activity, EDP celebrates business and conducts operations with different entities, including financial institutions, as well as holders of qualifiedparticipations in the EDP share capital and EDP subsidiaries or group companies. These operations are conducted under normal market conditions for similaroperations, irrespective of their relevance, and are part of EDP's current activity.Balances and transactions with subsidiaries and associatesThe credits and debits over subsidiaries and associates, at Company level and eliminated in the consolidated financial statements are analysed as follows:CreditsThousands of EurosIntra-GroupFinancial Mov.December 2012Loans andInterests to Otherreceive CreditsCompaniesBalwerk 13,505 265,125 1,691 280,321EDP Comercial 62,543 10,070 114,903 187,516EDP Distribuição 529,322 2,339,954 13,283 2,882,559EDP Finance BV - 104,009 1,939 105,948EDP Gás -SGPS 3,114 112,019 1,464 116,597EDP Produção 314,591 3,979,577 88,037 4,382,205EDP Imobiliária e Participações 1,870 96,733 299 98,902EDP Renováveis - - 227,552 227,552Other 31,129 23,144 308,683 362,956956,074 6,930,631 757,851 8,644,556TotalDecember 2011Intra-Group Loans andThousands of Euros Financial Mov. Interests toreceiveOtherCredits TotalCompaniesBalwerk 7,796 262,750 4,941 275,487EDP Comercial 48,371 40,280 96,084 184,735EDP Distribuição 170,354 2,040,367 40,320 2,251,041EDP Finance BV - 116,561 349 116,910EDP Gás - SGPS 25,541 108,726 2,235 136,502EDP Produção 1,327 3,850,476 231,208 4,083,011EDP Imobiliária e Participações - 178,107 368 178,475EDP Renováveis - - 237,918 237,918HC Energia 1,494 87,173 47,083 135,750Other 26,112 46,064 111,346 183,522280,995 6,730,504 771,852 7,783,351DebitsDecember 2012Intra-Group Loans andThousands of Euros Financial Mov. Interests to payOtherDebitsTotalCompaniesEDP Finance BV - 10,110,805 6,128 10,116,933EDP Servicios Financieros (España) - 213,360 - 213,360EDP Produção - - 232,083 232,083EDP Renováveis - 189,116 3,867 192,983EDP Serviço Universal - - 85,905 85,905Other 13,930 187,744 106,777 308,45113,930 10,701,025 434,760 11,149,715EDP - Annual Report 2012243
EDP - Energias de Portugal, S.A.Notes to the Consolidated and Company Financial Statementsfor the years ended 31 December 2012 and 2011notes to the consolidated and company financial statementsfor the years ended 31 december 2012 and 2011ExpensesDecember 2011Intra-Group Loans andThousands of Euros Financial Mov. Interests to payOtherDebitsTotalCompaniesEDP Finance BV - 8,528,004 1,187 8,529,191EDP Produção - - 255,870 255,870EDP Renováveis - 198,714 9,872 208,586EDP Serviço Universal - - 115,617 115,617Naturgás Comercializadora - 145,187 - 145,187Other 7,819 147,755 143,943 299,5177,819 9,019,660 526,489 9,553,968Expenses and income related to intra-Group transactions, at Company level, eliminated on consolidation are analysed as follows:IncomeDecember 2012Interest on InterestIntra-Group on Loans OtherThousands of Euros Financial Mov. Obtained Expenses TotalCompaniesEDP Finance BV - -228,450 -4,941 -233,391EDP Produção -333 - -941,924 -942,257HC Energia - - -37,211 -37,211Empresa Hidroeléctrica do Guadiana - - -28,567 -28,567Naturgás Comercializadora - - -17,545 -17,545Other -766 -6,872 -79,578 -87,216-1,099 -235,322 -1,109,766 -1,346,187December 2011Interest on InterestIntra-Group on Loans OtherThousands of Euros Financial Mov. Obtained Expenses TotalCompaniesEDP Finance BV - -176,885 -4,730 -181,615EDP Produção -677 - -1,179,509 -1,180,186EDP Renováveis - -935 -27,098 -28,033HC Energia - - -95,991 -95,991Empresa Hidroeléctrica do Guadiana - - -38,083 -38,083Other -536 -3,457 -116,809 -120,802-1,213 -181,277 -1,462,220 -1,644,710December 2012Interest on InterestIntra-Group on Loans OtherThousands of Euros Financial Mov. Granted Income TotalCompaniesEDP Comercial 1,688 1,441 566,431 569,560EDP Distribuição 11,279 134,542 254,554 400,375EDP Gás.Com 18 - 238,341 238,359EDP Produção 2,190 247,862 328,233 578,285HC Energia - - 199,567 199,567Other 1,361 33,083 217,415 251,85916,536 416,928 1,804,541 2,238,005December 2011Interest on InterestIntra-Group on Loans OtherThousands of Euros Financial Mov. Granted Income TotalCompaniesEDP Comercial 494 1,923 479,303 481,720EDP Distribuição 13,010 70,172 35,996 119,178EDP Gás.Com - - 217,524 217,524EDP Produção 757 214,147 104,928 319,832EDP Renováveis - 588 73,950 74,538HC Energia - - 117,792 117,792Other 991 23,263 106,416 130,67015,252 310,093 1,135,909 1,461,254244A World Full Of Energy
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