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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Endesa SA Ads | NYSE:ELE | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Form
20-F
|
X
|
Form
40-F
|
Yes
|
No
|
X
|
Yes
|
No
|
X
|
Yes
|
No
|
X
|
ENDESA,
S.A.
|
|
Dated: October 24, 2007 | By: /s/ Álvaro Pérez de Lema |
Name: Álvaro Pérez de Lema | |
Title: Manager of North America Investor Relations |
ENDESA,
S.A.
and
Subsidiaries
Interim
Consolidated Financial Statements
for
the Period Ended 30 June 2007
Translation
of interim consolidated financial statements originally issued
in Spanish
and prepared in accordance with IFRS as adopted by the European
Union (see
Notes 2 and 12). In the event of a discrepancy, the Spanish-language
version prevails.
|
Millions
of Euros
|
||||||||
30/06/07
(Unaudited)
|
31/12/06
|
|||||||
ASSETS
|
||||||||
NON-CURRENT
ASSETS
|
46,930
|
46,380
|
||||||
Property,
plant and equipment
|
34,591
|
33,714
|
||||||
Investment
property
|
79
|
81
|
||||||
Intangible
assets
|
496
|
804
|
||||||
Goodwill
|
4,021
|
3,986
|
||||||
Investments
accounted for using the equity method
|
720
|
649
|
||||||
Non-current
financial assets
|
4,417
|
4,482
|
||||||
Deferred
tax assets
|
2,606
|
2,664
|
||||||
CURRENT
ASSETS
|
7,998
|
7,708
|
||||||
Inventories
|
910
|
882
|
||||||
Trade
and other receivables
|
6,223
|
5,819
|
||||||
Current
financial assets
|
54
|
39
|
||||||
Cash
and cash equivalents
|
811
|
965
|
||||||
Non-current
assets classified as held for sale
|
--
|
3
|
||||||
TOTAL
ASSETS
|
54,928
|
54,088
|
||||||
EQUITY
AND LIABILITIES
|
||||||||
EQUITY
|
16,378
|
15,936
|
||||||
Of
the Parent
|
11,442
|
11,291
|
||||||
Of
minority interests
|
4,936
|
4,645
|
||||||
NON-CURRENT
LIABILITIES
|
30,404
|
30,007
|
||||||
Deferred
income
|
2,661
|
2,442
|
||||||
Long-term
provisions
|
4,322
|
4,442
|
||||||
Bank
borrowings and other financial liabilities
|
20,748
|
20,487
|
||||||
Other
non-current payables
|
964
|
985
|
||||||
Deferred
tax liabilities
|
1,709
|
1,651
|
||||||
CURRENT
LIABILITIES
|
8,146
|
8,145
|
||||||
Bank
borrowings and other financial liabilities
|
714
|
629
|
||||||
Current
trade and other payables
|
7,432
|
7,516
|
||||||
TOTAL
EQUITY AND LIABILITIES
|
54,928
|
54,088
|
Millions
of Euros
|
||||||||
JANUARY-JUNE
2007
(Unaudited)
|
JANUARY-JUNE
2006
(Unaudited)
|
|||||||
REVENUE
|
10,373
|
10,601
|
||||||
Sales
|
10,054
|
9,946
|
||||||
Other
operating income
|
319
|
655
|
||||||
PROCUREMENTS
AND SERVICES
|
(4,841 | ) | (5,302 | ) | ||||
Power
purchased
|
(2,021 | ) | (1,934 | ) | ||||
Cost
of fuel consumed
|
(1,959 | ) | (2,008 | ) | ||||
Transmission
expenses
|
(455 | ) | (369 | ) | ||||
Other
variable procurements and services
|
(406 | ) | (991 | ) | ||||
CONTRIBUTION
MARGIN
|
5,532
|
5,299
|
||||||
Work
on non-current assets
|
105
|
90
|
||||||
Staff
costs
|
(840 | ) | (767 | ) | ||||
Other
fixed operating expenses
|
(966 | ) | (860 | ) | ||||
GROSS
PROFIT FROM OPERATIONS
|
3,831
|
3,762
|
||||||
Depreciation
and amortisation charge
|
(1,054 | ) | (891 | ) | ||||
PROFIT
FROM OPERATIONS
|
2,777
|
2,871
|
||||||
FINANCIAL
LOSS
|
(496 | ) | (469 | ) | ||||
Net
finance costs
|
(494 | ) | (480 | ) | ||||
Net
exchange differences
|
(2 | ) |
11
|
|||||
Result
of companies accounted for using the equity method
|
6
|
46
|
||||||
Income
from other investments
|
6
|
7
|
||||||
Income
from asset disposals
|
10
|
260
|
||||||
PROFIT
BEFORE TAX
|
2,303
|
2,715
|
||||||
Income
tax
|
(679 | ) | (473 | ) | ||||
PROFIT
FOR THE PERIOD
|
1,624
|
2,242
|
||||||
Parent
|
1,255
|
1,756
|
||||||
Minority
interests
|
369
|
486
|
||||||
BASIC
NET EARNINGS PER SHARE (in euros)
|
1,19
|
1,66
|
||||||
DILUTED
NET EARNINGS PER SHARE (in euros)
|
1,19
|
1,66
|
Millions
of Euros
|
||||||||||||||||||||||||
30/06/07
(Unaudited)
|
30/06/06
(Unaudited)
|
|||||||||||||||||||||||
Of
the Parent
|
Of
Minority Interests
|
Total
|
Of
the Parent
|
Of
Minority Interests
|
Total
|
|||||||||||||||||||
NET
PROFIT RECOGNISED DIRECTLY IN EQUITY
|
251
|
207
|
458
|
(535 | ) | (460 | ) | (995 | ) | |||||||||||||||
In
retained earnings
|
64
|
-
|
64
|
-
|
-
|
-
|
||||||||||||||||||
Actuarial
gains on pension schemes
|
95
|
-
|
95
|
-
|
-
|
-
|
||||||||||||||||||
Tax
effect
|
(31 | ) |
-
|
(31 | ) |
-
|
-
|
-
|
||||||||||||||||
In
asset and liability revaluation reserves
|
82
|
(1 | ) |
81
|
(105 | ) | (33 | ) | (138 | ) | ||||||||||||||
Available-for-sale
investments
|
(16 | ) |
-
|
(16 | ) | (192 | ) |
-
|
(192 | ) | ||||||||||||||
Cash
flow hedges
|
125
|
(5 | ) |
120
|
126
|
(33 | ) |
93
|
||||||||||||||||
Tax
effect
|
(27 | ) |
4
|
(23 | ) | (39 | ) |
-
|
(39 | ) | ||||||||||||||
In
translation differences
|
105
|
208
|
313
|
(430 | ) | (427 | ) | (857 | ) | |||||||||||||||
Gross
translation differences
|
115
|
208
|
323
|
(433 | ) | (429 | ) | (862 | ) | |||||||||||||||
Tax
effect
|
(10 | ) |
-
|
(10 | ) |
3
|
2
|
5
|
||||||||||||||||
PROFIT
FOR THE PERIOD
|
1,255
|
369
|
1,624
|
1,756
|
486
|
2,242
|
||||||||||||||||||
TOTAL
INCOME AND EXPENSE RECOGNISED IN THE PERIOD
|
1,506
|
576
|
2,082
|
1,221
|
26
|
1,247
|
Millions
of Euros
|
||||||||
JANUARY-
JUNE
2007 (Unaudited)
|
JANUARY-
JUNE
2006 (Unaudited)
|
|||||||
Gross
profit before tax and minority interests
|
2,303
|
2,715
|
||||||
Depreciation
and amortisation charge
|
1,054
|
891
|
||||||
Income
from asset disposals
|
(10 | ) | (260 | ) | ||||
Income
tax
|
(584 | ) | (780 | ) | ||||
Other
results not giving rise to cash flows
|
14
|
(49 | ) | |||||
Provisions
paid
|
(203 | ) | (242 | ) | ||||
Total
cash flows from operations
|
2,574
|
2,275
|
||||||
Change
in income tax payable
|
168
|
183
|
||||||
Change
in operating current assets/liabilities
|
(540 | ) | (544 | ) | ||||
NET
CASH FLOWS FROM OPERATING ACTIVITIES
|
2,202
|
1,914
|
||||||
Investments
in property, plant and equipment and intangible assets
|
(1,699 | ) | (1,706 | ) | ||||
Other
investments
|
(236 | ) | (1,348 | ) | ||||
Investments
in Group companies
|
(87 | ) | (2 | ) | ||||
Disposals
of property, plant and equipment and intangible assets
|
21
|
98
|
||||||
Disposals
of investments
|
155
|
137
|
||||||
Cash
flows due to changes in the scope of consolidation
|
-
|
2
|
||||||
Grants
and other deferred income
|
206
|
165
|
||||||
NET
CASH FLOWS USED IN INVESTING ACTIVITIES
|
(1,640 | ) | (2,654 | ) | ||||
Non-current
bank borrowing drawdowns
|
1,304
|
3,887
|
||||||
Non-current
bank borrowings and other financial liabilities repaid
|
(1,146 | ) | (1,186 | ) | ||||
Net
cash flows from current bank borrowings and other financial
liabilities
|
116
|
(2,916 | ) | |||||
Dividends
of the Parent paid
|
(677 | ) | (323 | ) | ||||
Payments
to minority interests
|
(347 | ) | (206 | ) | ||||
NET
CASH FLOWS FROM FINANCING ACTIVITIES
|
(750 | ) | (744 | ) | ||||
TOTAL
NET CASH FLOWS
|
(188 | ) | (1,484 | ) | ||||
Effect
of foreign exchange rate changes on cash and cash
equivalents
|
34
|
(17 | ) | |||||
NET
INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS
|
(154 | ) | (1,501 | ) | ||||
CASH
AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
|
965
|
2,614
|
||||||
CASH
AND CASH EQUIVALENTS AT THE END OF PERIOD
|
811
|
1,113
|
||||||
|
-
|
Parque
Eólico Piano di Corda, S.r.L.
|
|
-
|
Parque
Eólico Serra Pelata, S.r.L.
|
|
-
|
Les
Ventas de Cernon, S.A.
|
|
-
|
Southern
Cone Power Argentina, S.A.
|
|
-
|
Ambon
Energy, S.A.
|
|
-
|
Muzillac
Energy, S.A.
|
-
|
Endesa Hellas Power Generation and Supplies, S.A. |
- | Aguilón 20, S.A. |
- | None. |
- |
Compostilla
Re, S.A.
|
- |
Explotaciones
Eólicas Sierra Costera, S.A.
|
- |
Parque
Eólico Iardino, S.r.L.
|
- | Empresa de Generación Termoeléctrica Ventanilla, Etevensa. |
Millions
of Euros
|
||||
January-June
2007 (Unaudited)
|
||||
Generation
|
Distribution
and Transmission
|
Other
|
Total
|
|
Spain
and Portugal
|
485
|
519
|
13
|
1,017
|
Rest
of Europe
|
137
|
2
|
1
|
140
|
Latin
America
|
123
|
192
|
32
|
347
|
TOTAL
|
745
|
713
|
46
|
1,504
|
Millions
of Euros
|
||||
January-June
2006 (Unaudited)
|
||||
Generation
|
Distribution
and Transmission
|
Other
|
Total
|
|
Spain
and Portugal
|
374
|
584
|
16
|
974
|
Rest
of Europe
|
83
|
-
|
1
|
84
|
Latin
America
|
140
|
220
|
8
|
368
|
TOTAL
|
597
|
804
|
25
|
1,426
|
January-June
2007 (Unaudited)
|
||||
Issuer
|
Transaction
|
Outstanding
Balance
(Millions
of Euros)
|
Interest
Rate (%)
|
Guarantor
|
Endesa
Capital
|
Retirements
|
513
|
3.52
|
Endesa
|
Endesa
Capital
|
Issues
|
353
|
3.76
|
Endesa
|
International
Endesa
|
Retirements
|
80
|
3.56
|
Endesa
|
International
Endesa
|
Issues
|
3,350
|
3.59
|
Endesa
|
International
Endesa
|
Retirements
|
2,640
|
3.75
|
Endesa
|
January-June
2006 (Unaudited)
|
||||
Issuer
|
Transaction
|
Outstanding
Balance
(Millions
of Euros)
|
Interest
Rate (%)
|
Guarantor
|
Endesa
Capital
|
Retirements
|
30
|
2.97
|
Endesa
|
Endesa
Capital
|
Issues
|
609
|
3.03
|
Endesa
|
International
Endesa
|
Retirements
|
750
|
5.25
|
Endesa
|
International
Endesa
|
Retirements
|
44
|
2.64
|
Endesa
|
International
Endesa
|
Retirements
|
49
|
2.68
|
Endesa
|
International
Endesa
|
Issues
|
2,155
|
2.77
|
Endesa
|
International
Endesa
|
Retirements
|
2,167
|
2.48
|
Endesa
|
Millions
of Euros
|
||||||||||||||||||||||||||||||||
January-June
2007 (Unaudited)
|
January-June
2006 (Unaudited)
|
|||||||||||||||||||||||||||||||
Spain
and
Portugal
|
Rest
of
Europe
|
Latin
America
|
Total
|
Spain
and
Portugal
|
Rest
of
Europe
|
Latin
America
|
Total
|
|||||||||||||||||||||||||
REVENUE
|
4,997
|
2,066
|
3,310
|
10,373
|
5,268
|
2,251
|
3,082
|
10,601
|
||||||||||||||||||||||||
Sales
|
4,832
|
1,992
|
3,230
|
10,054
|
4,826
|
2,087
|
3,033
|
9,946
|
||||||||||||||||||||||||
Other
operating income
|
165
|
74
|
80
|
319
|
442
|
164
|
49
|
655
|
||||||||||||||||||||||||
PROCUREMENTS
AND SERVICES
|
(1,958 | ) | (1,284 | ) | (1,599 | ) | (4,841 | ) | (2,315 | ) | (1,492 | ) | (1,495 | ) | (5,302 | ) | ||||||||||||||||
Power
purchased
|
(474 | ) | (674 | ) | (873 | ) | (2,021 | ) | (537 | ) | (546 | ) | (851 | ) | (1,934 | ) | ||||||||||||||||
Cost
of fuel consumed
|
(1,040 | ) | (588 | ) | (331 | ) | (1,959 | ) | (1,061 | ) | (733 | ) | (214 | ) | (2,008 | ) | ||||||||||||||||
Transmission
expenses
|
(263 | ) | (5 | ) | (187 | ) | (455 | ) | (173 | ) | (12 | ) | (184 | ) | (369 | ) | ||||||||||||||||
Other
variable procurements and services
|
(181 | ) | (17 | ) | (208 | ) | (406 | ) | (544 | ) | (201 | ) | (246 | ) | (991 | ) | ||||||||||||||||
CONTRIBUTION
MARGIN
|
3,039
|
782
|
1,711
|
5,532
|
2,953
|
759
|
1,587
|
5,299
|
||||||||||||||||||||||||
Work
on non-current assets
|
89
|
3
|
13
|
105
|
76
|
1
|
13
|
90
|
||||||||||||||||||||||||
Staff
costs
|
(561 | ) | (81 | ) | (198 | ) | (840 | ) | (500 | ) | (75 | ) | (192 | ) | (767 | ) | ||||||||||||||||
Other
fixed operating expenses
|
(566 | ) | (97 | ) | (303 | ) | (966 | ) | (499 | ) | (98 | ) | (263 | ) | (860 | ) | ||||||||||||||||
GROSS
PROFIT FROM OPERATIONS
|
2,001
|
607
|
1,223
|
3,831
|
2,030
|
587
|
1,145
|
3,762
|
||||||||||||||||||||||||
Depreciation
and amortization charge
|
(629 | ) | (158 | ) | (267 | ) | (1,054 | ) | (527 | ) | (128 | ) | (236 | ) | (891 | ) | ||||||||||||||||
PROFIT
FROM OPERATIONS
|
1,372
|
449
|
956
|
2,777
|
1,503
|
459
|
909
|
2,871
|
||||||||||||||||||||||||
FINANCIAL
LOSS
|
(188 | ) | (39 | ) | (269 | ) | (496 | ) | (200 | ) | (25 | ) | (244 | ) | (469 | ) | ||||||||||||||||
Net
finance costs
|
(190 | ) | (37 | ) | (267 | ) | (494 | ) | (192 | ) | (25 | ) | (263 | ) | (480 | ) | ||||||||||||||||
Translation
differences
|
2
|
(2 | ) | (2 | ) | (2 | ) | (8 | ) |
-
|
19
|
11
|
||||||||||||||||||||
Result
of companies accounted for using the equity method
|
3
|
6
|
(3 | ) |
6
|
42
|
(4 | ) |
8
|
46
|
||||||||||||||||||||||
Income
from other investments
|
6
|
-
|
-
|
6
|
7
|
-
|
-
|
7
|
||||||||||||||||||||||||
Income
from asset disposals
|
9
|
-
|
1
|
10
|
225
|
1
|
34
|
260
|
||||||||||||||||||||||||
PROFIT
BEFORE TAX
|
1,202
|
416
|
685
|
2,303
|
1,577
|
431
|
707
|
2,715
|
||||||||||||||||||||||||
Income
tax
|
(324 | ) | (145 | ) | (210 | ) | (679 | ) | (440 | ) | (18 | ) | (15 | ) | (473 | ) | ||||||||||||||||
PROFIT
FOR THE PERIOD
|
878
|
271
|
475
|
1,624
|
1,137
|
413
|
692
|
2,242
|
||||||||||||||||||||||||
Parent
|
873
|
206
|
176
|
1,255
|
1,132
|
322
|
302
|
1,756
|
||||||||||||||||||||||||
Minority
interests
|
5
|
65
|
299
|
369
|
5
|
91
|
390
|
486
|
Millions
of Euros
|
||||||||||||||||||||||||||||||||
30
June 2007 (Unaudited)
|
31
December 2006
|
|||||||||||||||||||||||||||||||
Spain
and
Portugal
|
Rest
of Europe
|
Latin
America
|
Total
|
Spain
and
Portugal
|
Rest
of Europe
|
Latin
America
|
Total
|
|||||||||||||||||||||||||
ASSETS
|
||||||||||||||||||||||||||||||||
Non-current
assets
|
26,416
|
6,025
|
14,489
|
46,930
|
26,330
|
6,068
|
13,982
|
46,380
|
||||||||||||||||||||||||
Property,
plant and equipment
|
20,243
|
3,816
|
10,532
|
34,591
|
19,758
|
3,872
|
10,084
|
33,714
|
||||||||||||||||||||||||
Investment
property
|
30
|
-
|
49
|
79
|
32
|
-
|
49
|
81
|
||||||||||||||||||||||||
Intangible
assets
|
366
|
42
|
88
|
496
|
660
|
66
|
78
|
804
|
||||||||||||||||||||||||
Goodwill
|
61
|
1,676
|
2,284
|
4,021
|
61
|
1,653
|
2,272
|
3,986
|
||||||||||||||||||||||||
Non-current
financial assets
|
3,778
|
67
|
572
|
4,417
|
3,839
|
89
|
554
|
4,482
|
||||||||||||||||||||||||
Investments
accounted for using the equity method
|
412
|
118
|
190
|
720
|
407
|
81
|
161
|
649
|
||||||||||||||||||||||||
Deferred
tax assets
|
1,526
|
306
|
774
|
2,606
|
1,573
|
307
|
784
|
2,664
|
||||||||||||||||||||||||
Current
assets
|
4,193
|
1,124
|
2,681
|
7,998
|
3,924
|
1,171
|
2,613
|
7,708
|
||||||||||||||||||||||||
Inventories
|
581
|
222
|
107
|
910
|
615
|
176
|
91
|
882
|
||||||||||||||||||||||||
Trade
and other receivables
|
3,451
|
758
|
2,014
|
6,223
|
3,099
|
862
|
1,858
|
5,819
|
||||||||||||||||||||||||
Current
financial assets
|
44
|
-
|
10
|
54
|
35
|
1
|
3
|
39
|
||||||||||||||||||||||||
Cash
and cash equivalents
|
117
|
144
|
550
|
811
|
175
|
132
|
658
|
965
|
||||||||||||||||||||||||
Non-current
assets classified as held for sale
|
-
|
-
|
-
|
-
|
-
|
-
|
3
|
3
|
||||||||||||||||||||||||
TOTAL
ASSETS
|
30,609
|
7,149
|
17,170
|
54,928
|
30,254
|
7,239
|
16,595
|
54,088
|
||||||||||||||||||||||||
EQUITY
AND LIABILITIES
|
||||||||||||||||||||||||||||||||
Equity
|
5,773
|
3,370
|
7,235
|
16,378
|
5,980
|
3,292
|
6,664
|
15,936
|
||||||||||||||||||||||||
Of
the Parent
|
5,725
|
2,403
|
3,314
|
11,442
|
5,936
|
2,333
|
3,022
|
11,291
|
||||||||||||||||||||||||
Of
minority interests
|
48
|
967
|
3,921
|
4,936
|
44
|
959
|
3,642
|
4,645
|
||||||||||||||||||||||||
Non-current
liabilities
|
19,716
|
2,775
|
7,913
|
30,404
|
19,513
|
2,757
|
7,737
|
30,007
|
||||||||||||||||||||||||
Deferred
income
|
2,392
|
100
|
169
|
2,661
|
2,185
|
116
|
141
|
2,442
|
||||||||||||||||||||||||
Long-term
provisions
|
3,280
|
253
|
789
|
4,322
|
3,407
|
274
|
761
|
4,442
|
||||||||||||||||||||||||
Bank
borrowings and other financial liabilities
|
13,177
|
1,663
|
5,908
|
20,748
|
13,043
|
1,643
|
5,801
|
20,487
|
||||||||||||||||||||||||
Other
non-current payables
|
429
|
416
|
119
|
964
|
444
|
427
|
114
|
985
|
||||||||||||||||||||||||
Deferred
tax liabilities
|
438
|
343
|
928
|
1,709
|
434
|
297
|
920
|
1,651
|
||||||||||||||||||||||||
Current
liabilities
|
5,120
|
1,004
|
2,022
|
8,146
|
4,761
|
1,190
|
2,194
|
8,145
|
||||||||||||||||||||||||
Bank
borrowings and other financial liabilities
|
(9 | ) |
207
|
516
|
714
|
(9 | ) |
163
|
475
|
629
|
||||||||||||||||||||||
Current
trade and other payables
|
5,129
|
797
|
1,506
|
7,432
|
4,770
|
1,027
|
1,719
|
7,516
|
||||||||||||||||||||||||
TOTAL
EQUITY AND LIABILITIES
|
30,609
|
7,149
|
17,170
|
54,928
|
30,254
|
7,239
|
16,595
|
54,088
|
Millions
of Euros
|
||||||||||||||||||||||||||||||||
January-June
2007 (Unaudited)
|
January-June
2006 (Unaudited)
|
|||||||||||||||||||||||||||||||
Spain
and Portugal
|
Rest
of
Europe
|
Latin
America
|
Total
|
Spain
and Portugal
|
Rest
of
Europe
|
Latin
America
|
Total
|
|||||||||||||||||||||||||
Gross
profit before tax and minority interests
|
1,202
|
416
|
685
|
2,303
|
1,577
|
431
|
707
|
2,715
|
||||||||||||||||||||||||
Depreciation
and amortisation charge
|
629
|
158
|
267
|
1,054
|
527
|
128
|
236
|
891
|
||||||||||||||||||||||||
Income
from asset disposals
|
(9 | ) |
-
|
(1 | ) | (10 | ) | (225 | ) | (1 | ) | (34 | ) | (260 | ) | |||||||||||||||||
Income
tax
|
(332 | ) | (101 | ) | (151 | ) | (584 | ) | (403 | ) | (187 | ) | (190 | ) | (780 | ) | ||||||||||||||||
Provisions
paid
|
(168 | ) | (3 | ) | (32 | ) | (203 | ) | (201 | ) | (6 | ) | (35 | ) | (242 | ) | ||||||||||||||||
Other
results not giving rise to cash flows
|
12
|
(35 | ) |
37
|
14
|
(18 | ) | (25 | ) | (6 | ) | (49 | ) | |||||||||||||||||||
Cash
flows from operations
|
1,334
|
435
|
805
|
2,574
|
1,257
|
340
|
678
|
2,275
|
||||||||||||||||||||||||
Change
in income tax payable
|
263
|
(14 | ) | (81 | ) |
168
|
282
|
(110 | ) |
11
|
183
|
|||||||||||||||||||||
Change
in operating current assets/liabilities
|
(122 | ) | (173 | ) | (245 | ) | (540 | ) | (344 | ) | (163 | ) | (37 | ) | (544 | ) | ||||||||||||||||
Net
cash flows from operating activities
|
1,475
|
248
|
479
|
2,202
|
1,195
|
67
|
652
|
1,914
|
||||||||||||||||||||||||
Investments
in property, plant and equipment and
intangible
assets
|
(1,244 | ) | (91 | ) | (364 | ) | (1,699 | ) | (1,218 | ) | (96 | ) | (392 | ) | (1,706 | ) | ||||||||||||||||
Disposals
of property, plant and equipment and
intangible
assets
|
9
|
6
|
6
|
21
|
22
|
2
|
74
|
98
|
||||||||||||||||||||||||
Investments
in Group companies
|
-
|
(41 | ) | (46 | ) | (87 | ) | (2 | ) |
-
|
-
|
(2 | ) | |||||||||||||||||||
Other
investments
|
(196 | ) | (14 | ) | (26 | ) | (236 | ) | (1,256 | ) | (78 | ) | (14 | ) | (1,348 | ) | ||||||||||||||||
Disposals
of other investments
|
117
|
14
|
24
|
155
|
83
|
19
|
35
|
137
|
||||||||||||||||||||||||
Cash
flows due to changes in the scope of
consolidation
|
-
|
-
|
-
|
-
|
1
|
1
|
-
|
2
|
||||||||||||||||||||||||
Grants
and other deferred income
|
179
|
3
|
24
|
206
|
141
|
-
|
24
|
165
|
||||||||||||||||||||||||
Net
cash flows used in investing activities
|
(1,135 | ) | (123 | ) | (382 | ) | (1,640 | ) | (2,229 | ) | (152 | ) | (273 | ) | (2,654 | ) | ||||||||||||||||
Non-current
bank borrowing drawdowns
|
636
|
8
|
660
|
1,304
|
3,156
|
104
|
627
|
3,887
|
||||||||||||||||||||||||
Non-current
bank borrowings and other financial
liabilities
repaid
|
(857 | ) | (38 | ) | (251 | ) | (1,146 | ) | (852 | ) | (173 | ) | (161 | ) | (1,186 | ) | ||||||||||||||||
Net
cash flows from current bank borrowings and
other
financial liabilities
|
390
|
84
|
(358 | ) |
116
|
(2,875 | ) |
279
|
(320 | ) | (2,916 | ) | ||||||||||||||||||||
Dividends
of the Parent paid
|
(567 | ) | (110 | ) |
-
|
(677 | ) | (81 | ) | (129 | ) | (113 | ) | (323 | ) | |||||||||||||||||
Payments
to minority interests
|
-
|
(57 | ) | (290 | ) | (347 | ) | (2 | ) | (48 | ) | (156 | ) | (206 | ) | |||||||||||||||||
Net
cash flows from financing activities
|
(398 | ) | (113 | ) | (239 | ) | (750 | ) | (654 | ) |
33
|
(123 | ) | (744 | ) | |||||||||||||||||
Total
net cash flows
|
(58 | ) |
12
|
(142 | ) | (188 | ) | (1,688 | ) | (52 | ) |
256
|
(1,484 | ) | ||||||||||||||||||
Effect
of foreign exchange rate changes on cash and
cash
equivalents
|
-
|
-
|
34
|
34
|
-
|
-
|
(17 | ) | (17 | ) | ||||||||||||||||||||||
Net
increase/decrease in cash and cash equivalents
|
(58 | ) |
12
|
(108 | ) | (154 | ) | (1,688 | ) | (52 | ) |
239
|
(1,501 | ) | ||||||||||||||||||
Cash
and cash equivalents at beginning of period
|
175
|
132
|
658
|
965
|
1,910
|
127
|
577
|
2,614
|
||||||||||||||||||||||||
Cash
and cash equivalents at end of period
|
117
|
144
|
550
|
811
|
222
|
75
|
816
|
1,113
|
January-June
2007 (Unaudited)
|
||
Related
Party
|
Description
of the Transaction
|
Amount
(Millions
of
Euros)
|
Caja
Madrid
|
Services
provided
|
9
|
Financing
agreements: loans
|
64
|
|
Financing
agreements: other
|
348
|
|
Interest
paid
|
30
|
|
Interest
charged
|
40
|
|
Unpaid
accrued interest
|
21
|
|
Uncollected
accrued interest
|
10
|
|
Guarantees
|
102
|
|
Purchase
option obligations
|
58
|
|
Sale
option obligations
|
1
|
|
Other
(*)
|
1,956
|
|
Acciona
Group
|
Purchases
of goods (finished or otherwise)
|
64
|
Services
provided
|
10
|
|
Services
received
|
8
|
|
Enel
Group
|
Purchases
of goods (finished or otherwise)
|
1
|
Sales
of goods (finished or otherwise)
|
82
|
|
Services
|
21
|
January-June
2006 (Unaudited)
|
||
Related
Party
|
Description
of the Transaction
|
Amount
(Millions
of
Euros)
|
Caja
Madrid
|
Financing
agreements: loans
|
25
|
Interest
paid
|
30
|
|
Interest
charged
|
40
|
|
Unpaid
accrued interest
|
15
|
|
Uncollected
accrued interest
|
11
|
|
Guarantees
|
114
|
|
Other
(*)
|
4,665
|
January-June
2007 (Unaudited)
|
|
Description
of the Transaction
|
Amount
(Millions
of Euros)
|
Remuneration
|
20
|
Contributions
to pension plans and life insurance policies
|
3
|
Guarantees
|
49
|
Financing
agreements: loans
|
5
|
January-June
2006 (Unaudited)
|
|
Description
of the Transaction
|
Amount
(Millions
of Euros)
|
Remuneration
|
19
|
Contributions
to pension plans and life insurance policies
|
3
|
Guarantees
|
47
|
Financing
agreements: loans
|
5
|
|
-
|
The
recognition in the first six months of 2006 of certain excess costs
of
non-mainland generation in the period from 2001 to 2005 amounting
to EUR
227 million as operating income and the related interest amounting
to EUR
31 million as finance income.
|
|
-
|
The
tax effect recognised in the period ended 30 June 2006 of adjusting
the
tax bases and carrying amounts of the non-current assets of Endesa
Italia,
as required by Italian legislation, which had a positive tax impact
of EUR
148 million (EUR 118 million after minority
interests).
|
|
-
|
The
recognition in the first six months of 2006 of the tax effect of
the
merger of Elesur and Chilectra, which gave rise to the recognition
of a
tax asset of EUR 170 million (EUR 101 million after minority
interests).
|
|
-
|
The
effect in the first six months of 2006 of the sale of certain assets
(mainly a 5.01% investment in Auna) for EUR 260 million (EUR 225
million
after taxes and minority interests.
|
Rafael
Miranda
|
Carlos
Torres
|
CEO
|
CFO
|
1 Year Endesa Chart |
1 Month Endesa Chart |
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