Page 4 - Consolidated Financial Statements and Management Report

INDEPENDENT AUDITORS’ REPORT ON CONSOLIDATED FINANCIAL STATEMENTS 6
CONSOLIDATEDMANAGEMENT REPORT 8
ANNUAL CORPORATE GOVERNANCE REPORT 17
CONSOLIDATED BALANCE SHEETS 56
CONSOLIDATED COMPREHENSIVE PROFIT AND LOSS STATEMENTS 58
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 59
CONSOLIDATED CASHFLOWSTATEMENTS 60
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS 61
1. ACTIVITY AND COMPOSITIONOF THE PARENT COMPANY 61
2. BASIS OF PRESENTATIONOF THE CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATION PRINCIPLES 61
2.1. Basis of Presentation of the Financial Statement 61
2.1.1. Standards and Interpretations effective in this Period 62
2.1.2. Standards and Interpretations issued and not in Force 62
2.2. Information Relating to 2012 63
2.3. Currency of Presentation 63
2.4. Responsibility for the Information, Istimates Made and Sources of Uncertainty 64
2.5. Consolidation Principles Applied 64
3. DISTRIBUTIONOF EARNINGS 66
4. VALUATION STANDARDS 66
4.1. Tangible Fixed Assets 66
4.2. Real-Estate Investments 66
4.3. Consolidation Goodwill 67
4.4. Intangible Assets 67
4.5. Impairment in theValue of Tangible and Intangible Assets ExcludingGoodwill 67
4.6. Rents 68
4.7. Financial Instruments 68
4.8. Participación en empresas asociadas 70
4.9. Inventories 70
4.10. Foreign Currency Transactions and Balances 70
4.11. Classification of FInancial Assets and Debts into Current and Non-Current 70
4.12. Income and Expenses 70
4.13. Official Subsidies 71
4.14. Tax on Profits 71
4.15. Undertakings made to theWorkforce 71
4.16. Onerous Agreements 71
4.17. Share-Based Remuneration Schemes 72
4.18. Treasury Shares 72
4.19. Provisions 72
4.20.Severance Payments 72
4.21. Business Combinations 72
4.22.Penvironmental Policy 72
4.23.Consolidated Cash Flow Statements 73
5. ROFIT (LOSS) PER SHARE 73
6. GOODWILL 73
7. INTANGIBLE ASSETS 75
7.1. Rights of use 75
7.2. Rental Agreement Premiums 75
7.3. Software Applications 75
8. TANGIBLE FIXED ASSETS 76
9. REAL-ESTATE INVESTMENTS 77
INDEX