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ANNUAL REPORT 2011
5.2.2. Disposals
The group did not sell any of its subsidiaries in 2011.
5.2.3. Change in Goodwill
The purchase price of the subsidiary Solinca may change due to the EBITDA achieved by the
company in 2011. The validation of EBITDA is still subject to accounts approval in the General
Meeting to be held until the end of March, and to finalize negotiations with the seller.
6. INFORMATION PER SEGMENT
In the year ended December 31, 2011, since there is no operational activity and asset values
are not enough to constitute a separate segment, the contribution of Angola is reflected in the
segment of Portugal, according to Note 2.3.
The results per segment for period ended 31 December 2011 are as follows:
31 DECEMBER 2010
Portugal
Spain
Group
Restaurants
145,971,650
44,615,378 190,587,028
Merchandise
1,205,781
1,945,343
3,151,124
Rendered services
262,786
522,207
784,993
Turnover by Segment
147,440,217
47,082,928 194,523,145
Operating income
8,063,130
2,362,087
10,425,217
Net financing cost
-616,373
-618,307
-1,234,680
Share in the profit by associated companies
-
-
-
Pre-tax income
7,446,757
1,743,780
9,190,537
Income tax
2,408,968
231,932
2,640,900
Net profit in the year
5,037,789
1,511,848
6,549,637
Dec/11
Operating income
457
Operating costs
-81,833
Net financing cost
38,220
Pre-tax income
-43,156
Income tax
-15,104
Net profit
-28,052
The impact in consolidated statement of comprehensive income account was as follows: