ANNUAL REPORT ‘12
PROPOSED ALLOCATION OF NET PROFIT
149
16_PROPOSED ALLOCATION OF NET PROFIT
ANA, S.A. closed out 2012 with net profit of
€58,363,026.01.
The Concession Contract signed on 14 December
2012 formalised the granting to ANA, S.A. of the
operation of public airport service for a period of 50
years. The financial counterpart was an initial payment
of 1,200 million euros, a situation that profoundly
changed the structure of the company’s capital.
The Concession Contract foresees a set of specific
obligations to develop the airport infrastructures, to
be executed over the next few years, within the
framework of a strategic programme for improving
performance and gaining efficiency.
Within that development framework, the strength-
ening of the company’s financial situation and the
management of a balanced capital structure is a
priority.
In light of the above, the Board of Directors proposes
that the net profits for the financial year be used in the
following manner:
Legal Reserve: €2,918,151.30
Reserve for Investments: €55,444,874.71
Lisbon, 9 May 2013
BOARD OF DIRECTORS
Jorge Manuel da Mota Ponce de Leão
Chairman
António José do Amaral Ferreira de Lemos
Vice-Chairman
Luís Miguel Silva Ribeiro
Member of the Board
António dos Santos Morgado
Member of the Board
Mário Manuel Pinto Lobo
Member of the Board
