Financial Statements Corporate Governance Csr New Appointments Executive Personnel
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LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL INDEX CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED GROUP 105 CONSOLIDATED BALANCE SHEET 107 CONSOLIDATED INCOME STATEMENT 108 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 109 CONSOLIDATED STATEMENT OF CHANGES IN TOTAL EQUITY 110 CONSOLIDATED STATEMENT OF CASH FLOWS (INDIRECT METHOD) 112 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 104 LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL CONSOLIDATED FINANCIAL STATEMENTS INDEX CONSOLIDATED BALANCE SHEET FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. AND SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2012 (IN THOUSANDS OF EUROS) Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 35). In the event of a discrepancy, the Spanish-language version prevails. ASSETS 31/12/2012 31/12/2011 NON-CURRENT ASSETS 10,577,921 11,074,062 Intangible assets (Note 7) 3,821,713 4,317,029 Concessions (Notes 7 and 11) 1,144,232 1,022,734 Goodwill 1,971,234 2,352,312 Other intangible assets 706,247 941,983 Property, plant and equipment (Note 8) 4,620,674 4,601,913 Land and buildings 1,239,200 1,480,246 Plant and other items of property, plant and equipment 3,381,474 3,121,667 Investment property (Note 9) 70,668 34,458 Investments accounted for using the equity method (Note 12) 935,039 1,115,719 Non-current financial assets (Note 14) 412,630 461,999 Deferred tax assets (Note 25) 717,197 542,944 CURRENT ASSETS 9,129,536 11,373,405 Non-current assets classified as held for sale (Note 4) 1,476,190 1,846,971 Inventories (Note 15) 1,128,668 1,271,355 Trade and other receivables 4,837,241 5,496,798 Trade receivables for sales and services (Note 16) 4,241,536 4,953,813 Other receivables (Note 16) 569,892 514,703 Current tax assets (Note 25) 25,813 28,282 Other current financial assets (Note 14) 437,212 395,689 Other current assets 83,981 59,951 Cash and cash equivalents (Note 17) 1,166,244 2,302,641 TOTAL ASSETS 19,707,457 22,447,467 The accompanying Notes 1 to 35 and Appendixes I to V are an integral part of the consolidated financial statements and, together with the latter, make up the statutory consolidated financial statements for 2012. 105 LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL INDEX CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. AND SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2012 (IN THOUSANDS OF EUROS) Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 35). In the event of a discrepancy, the Spanish-language version prevails. EQUITY AND LIABILITIES 31/12/2012 31/12/2011 EQUITY (Note 18) 1,721,602 2,914,940 Equity attributable to the Parent 1,259,883 2,378,884 Shareholders’ equity 1,687,409 2,813,024 Share capital 127,303 127,303 Retained earnings and other reserves 2,897,174 2,969,654 Treasury shares (345,019) (347,479) Profit (Loss) for the year attributable to the Parent (1,027,963) 108,248 Interim dividend — (80,616) Other equity instruments 35,914 35,914 Valuation adjustments (427,526) (434,140) Non-controlling interests 461,719 536,056 NON-CURRENT LIABILITIES 7,546,953 7,535,310 Grants 220,239 159,721 Long-term provisions (Note 20) 1,114,763 1,083,109 Non-current financial liabilities (Note 21) 5,105,892 5,160,308 Debt instruments and other marketable securities 1,130,327 694,541 Bank borrowings 3,220,073 3,587,504 Other financial liabilities 755,492 878,263 Deferred tax liabilities (Note 25) 907,266 995,468 Other non-current liabilities (Note 22) 198,793 136,704 CURRENT LIABILITIES 10,438,902 11,997,217 Liabilities associated with non-current assets classified as held for sale (Note 4) 970,355 1,396,653 Short-term provisions (Note 20) 303,575 178,887 Current financial liabilities (Note 21) 4,324,620 4,830,637 Debt instruments and other marketable securities 14,350 10,658 Bank borrowings 4,026,930 4,484,565 Other financial liabilities 283,340 335,414 Trade and other payables (Note 23) 4,832,407 5,577,414 Payable to suppliers 2,410,701 2,934,933 Other payables 2,384,458 2,584,056 Current tax liabilities (Note 25) 37,248 58,425 Other current liabilities 7,945 13,626 TOTAL EQUITY AND LIABILITIES 19,707,457 22,447,467 The accompanying Notes 1 to 35 and Appendixes I to V are an integral part of the consolidated financial statements and, together with the latter, make up the statutory consolidated financial statements for 2012. 106 LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL CONSOLIDATED FINANCIAL STATEMENTS INDEX CONSOLIDATED INCOME STATEMENT FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. AND SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2012 (IN THOUSANDS OF EUROS) Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 35). In the event of a discrepancy, the Spanish-language version prevails. 31/12/2012 31/12/2011 Revenue (Note 29) 11,152,228 11,896,665 In-house work on non-current assets 75,965 53,743 Other operating income (Note 28) 427,961 323,091 Changes in inventories of finished goods and work in progress (94,450) 69,095 Procurements (Note 28) (5,109,231) (5,552,692) Staff costs (Note 28) (3,191,332) (3,331,103) Other operating expenses (2,507,692) (2,202,417) Depreciation and amortisation charge (Notes 7, 8 & 9) (640,571) (656,216) Allocation to profit or loss of grants related to non-financial non-current assets and other grants 2,840 2,890 Impairment and gains or losses on disposals of non-current assets (Note 28) (342,766) (97,612) Other gains or losses (Note 28-e) (175,860) (112,289) PROFIT (LOSS) FROM OPERATIONS (402,908) 393,155 Finance income (Note 28) 91,545 89,083 Finance costs (Note 28) (536,762) (510,683) Changes in fair value of financial instruments (Note 28) (51,584) 13,198 Exchange rate differences (2,995) 8,321 Impairment and gains or losses on disposals of financial instruments (8,338) 10,760 FINANCIAL PROFIT (LOSS) (508,134) (389,321) Result of companies accounted for using the equity method (Note 28) (128,420) 33,286 PROFIT (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (1,039,462) 37,120 Income tax (Note 25) 164,234 (20,210) PROFIT (LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS (875,228) 16,910 Loss for the year from discontinued operations, net of tax (Note 4) (216,964) (13,996) CONSOLIDATED PROFIT (LOSS) FOR THE YEAR (1,092,192) 2,914 Profit (Loss) attributable to the Parent (1,027,963) 108,248 Profit (Loss) attributable to non-controlling interests (Note 18) (64,229) (105,334) EARNINGS PER SHARE (Note 18) Basic (8.97) 0.94 Diluted (8.97) 0.94 The accompanying Notes 1 to 35 and Appendixes I to V are an integral part of the consolidated financial statements and, together with the latter, make up the statutory consolidated financial statements for 2012. 107 LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL INDEX CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. AND SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2012 (IN THOUSANDS OF EUROS) Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 35). In the event of a discrepancy, the Spanish-language version prevails. 31/12/2012 31/12/2011 CONSOLIDATED PROFIT (LOSS) FOR THE YEAR (1,092,192) 2,914 Income and expense recognised directly in equity (94,971) (211,074) Revaluation of financial instruments (195) 78 Cash flow hedges (68,019) (139,528) Translation differences 23,258 6,227 Companies accounted for using the equity method (63,364) (109,062) Tax effect 13,349 31,211 Transfers to income statement 93,491 62,773 Revaluation of financial instruments 14,900 - Cash flow hedges 85,058 74,988 Companies accounted for using the equity method 20,695 9,773 Tax effect (27,162) (21,988) TOTAL COMPREHENSIVE INCOME (1,093,672) (145,387) Attributable to the Parent (1,025,684) (37,136) Attributable to non-controlling interests (67,988) (108,251) The accompanying Notes 1 to 35 and Appendixes I to V are an integral part of the consolidated financial statements and, together with the latter, make up the statutory consolidated financial statements for 2012. 108 LETTERS GOVERNING BODIES STRATEGY RELEVANT EVENTS FCC IN FIGURES SERVICES CONSTRUCTION CEMENT ENERGY FINANCIAL STATEMENTS CORPORATE GOVERNANCE CSR NEW APPOINTMENTS EXECUTIVE PERSONNEL CONSOLIDATED FINANCIAL STATEMENTS INDEX CONSOLIDATED STATEMENT OF CHANGES IN TOTAL EQUITY FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. AND SUBSIDIARIES FOR THE YEAR ENDED 31 DECEMBER 2012 (IN THOUSANDS OF EUROS) Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group (see Notes 2 and 35).