ANNUAL REPORT ‘12
NOTES TO THE FINANCIAL STATEMENTS
197
The intangible assets of the concession right are registered with effect from 1 December 2012.
Detail of the impacts of construction contracts
3_MANAGEMENT OF FINANCIAL RISK
3.1_FACTORS FOR FINANCIAL RISK
The Group’s activities are exposed to a variety of financial risk factors: credit risk, liquidity risk and cash flow risk
Intangible assets
Concession right
Concession right in course
Subsidies
Total
GROSS VALUE
Balance 01/01/2012
587,852,781.41
800,866.98
276,419,881.40
312,233,766.99
Increases
-
484,989.98
338,979.59
146,010.39
Transfers
756,507.21
(766,589.48)
-
(10,082.27)
IFRIC 12 application
Increases
1,200,000,000.00
20,634,120.65
-
1,220,634,120.65
Exhange/Concession right
1,380,849,298.99
119,922,149.19
67,142,870.60
1,433,628,577.58
Balance 31/12/2012
3,169,458,587.61
141,075,537.32
343,901,731.59
2,966,632,393.34
DEPRECIATIONS
Balance 01/12/2012
235,653,278.62
-
108,636,002.31
127,017,276.31
Reinforcements
8,398,077.05
-
3,997,867.76
4,400,209.29
Transfers
(10,082.27)
-
-
(10,082.27)
IFRIC 12 application
Increases
3,094,781.49
-
56,310.72
3,038,470.77
Exhange/Concession right
723,985,294.06
-
31,885,382.48
692,099,911.58
Balance 31/12/2012
971,121,348.95
-
144,575,563.27
826,545,785.68
NET VALUE
Balance 31/12/2012
2,198,337,238.66
141,075,537.32
199,326,168.32
2,140,086,607.66
Impacts of construction contracts
ANA GROUP
before IFRIC 12
IFRIC 12
after IFRIC 12
Income
434,739,740.53
20,634,120.65
455,373,861.18
Supplies and external services
(152,618,193.55)
(20,634,120.65)
(173,252,314.20)
282,121,546.98
-
282,121,546.98
