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ANNUAL REPORT 2011
7. UNUSUAL AND NON-RECURRING FACTS
No unusual and non-recurring facts took place during the year 2011 and 2010.
Transfers or transactions between segments are performed according to normal commercial
terms and in the conditions applicable to independent third parties.
The following assets, liabilities and investments were applicable to the segments in the year ending
on 31 December 2011 and 2010:
Assets
Liabilities
Deferred taxes
1.054.915
10.820.760
Current taxes
359.584
369.611
Current bank loans
-
13.313.341
Non current bank loans
-
44.331.622
Assets available for sale
733.685
-
2.148.184
68.835.334
Assets and liabilities that were not applicable to the segments Portugal and Spain are:
Year ending on
Year ending on
31 December 2011
31 December 2010
Portugal
Spain
Total
Portugal
Spain
Total
Assets
171,509,511
(1)
54,091,885 225,601,396 174,441,819 55,859,688 230,301,507
Liabilities
36,218,846
7,850,195 44,069,041 42,106,496 7,797,742 49,904,238
Net investment
(Notes 8 and
9)
10,420,059
(1)
1,053,073 11,473,132 9,876,269 340,405 10,216,674
(1) assets of 5,9 million in Angola with an investment of about 2,7 million.