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Facts and figures

For the comparison of the presented consolidated data, there is to be outlined that International Financial Reporting Standards (IFRS) were applied in 2008 for the first time, which also led to a redrafting for comparative reasons of the 2007 data based on IFRS. In addition, 2007-2009 data have implemented a change in the consolidation method applied to the 50% share in our subsidiary companies, which have been consolidated by the equity method, whereas they were previously consolidated by the proportional integration method (thus anticipating the International Account Standards Board proposal (IASB)). The consolidated data presented for the years 2005 and 2006 were obtained using Spanish standards for formulating annual consolidated accounts.

The results of the years 2009 and 2008 of the Group Uniland have diminished due to the sharp drop in the economic activity, in particular of the construction sector in Spain.


Turnover

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Distribution by business

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Distribution by areas

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Operating Results

The figures shown for the years 2005 and 2006 correct or adjust the effect on operating income in these years of Spanish accounting regulations for the registration of C02 emission rights freely assigned by the State. According to Spanish rules, the expenditure was recorded as lesser operating income, set off at the level of earnings before taxes, registering an extraordinary positive income. The figures shown have been adjusted or modified to this effect.

The figures obtained and shown in the years 2007-2009 by applying IFRS, do not affect the operating result concerning the accounting register for the consumption of C02 rights granted free of charge.

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Net Result

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Cash Flow

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Net Equity

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Net Debt

The positive results of the company’s activities have enabled to reduce the Group’s net debt. Consequently, since 2005 cash flow surplus exceeds the Group’s gross debt.

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