| BALANCE SHEETS - CONSOLIDATED |
| Data expressed in thousand € |
| ASSETS |
Dec-2008 |
Dec-2009 |
Dec-2010 |
| Property, plant and equipment |
582.258 |
512.451 |
439.840 |
| Goodwill |
122.187 |
122.285 |
98.285 |
| Other Intangible assets |
1.220 |
1.012 |
3.590 |
| Finantial Assets |
2.454 |
2.414 |
2.340 |
| Deferred tax assets |
6.687 |
7.833 |
11.071 |
| Total non-current assets |
714.816 |
645.995 |
555.126 |
| Inventories |
7.947 |
7.473 |
8.178 |
| Trade and other receivables |
165.230 |
140.623 |
148.778 |
| Deferred tax assets on current earning |
17 |
3.941 |
715 |
| Other current assets |
785 |
1.313 |
1.118 |
| Cash and cash equivalents |
41.419 |
10.471 |
7.931 |
| Total current assets |
215.398 |
163.821 |
166.720 |
| TOTAL ASSETS |
930.214 |
809.816 |
721.846 |
|
|
|
|
| LIABILITIES |
Dec-2008 |
Dec-2009 |
Dec-2010 |
| Share capital |
30.764 |
30.764 |
45.724 |
| Share premium |
90.302 |
90.302 |
114.986 |
| Treasury shares |
(10.757) |
(7.426) |
(7.421) |
| Retained earning |
79.476 |
68.457 |
5.040 |
| Equity |
189.785 |
182.097 |
158.329 |
| Bonds and other negotiable securities issued |
111.476 |
55.412 |
56.147 |
| Provisions |
135 |
135 |
198 |
| Payables under finance leases |
284.025 |
255.071 |
116.887 |
| Other borrowings |
89.385 |
158.266 |
198.817 |
| Derivated financial instruments |
1.430 |
1.697 |
1.950 |
| Subsidies |
6.317 |
5.255 |
3.873 |
| Other debts |
- |
93 |
- |
| Deferred tax liabilities |
12.381 |
8.697 |
1.273 |
| Non-current liabilities |
505.149 |
484.626 |
379.145 |
| Bonds and other negotiable securities issued |
1.117 |
515 |
521 |
| Payables under finance leases |
116.873 |
51.799 |
93.081 |
| Other current borrowings |
50.047 |
32.955 |
37.645 |
| Trade and other payables |
65.660 |
57.078 |
50.910 |
| Deferred tax liabilities on current earning |
1.437 |
395 |
1.271 |
| Other current liabilities |
146 |
351 |
944 |
| Current liabilities |
235.280 |
143.093 |
184.372 |
| TOTAL LIABILITIES AND EQUITY |
930.214 |
809.816 |
721.846 |
| |
|
|
|
General Alquiler de Maquinaria, S.A. (GAM) hereby guarantees that the texts on this page are exactly the same to the last letter as the ones sent to the Spanish Securities Market Board, by either the company or by third parties. However, as slight error may unwittingly creep into the texts for technical and administrative reasons, you are also informed that the relevant facts and periodical financial information are available for consultancy on the Spanish Securities Market Board's website, web site of CNMV.
|
| P & L |
|
|
Dec 2008 |
Dec 2009 |
Dec 2010 |
| Ordinary Revenues |
371.574 |
277.816 |
237.772 |
| Other Income |
6.647 |
5.668 |
5.056 |
|
|
|
|
| Raw Material and consumables |
(46.186) |
(38.067) |
(35.426) |
| Personnel cost |
(97.067) |
(87.513) |
(76.481) |
| Impairment |
- |
- |
24.000 |
| Depreciation |
(97.603) |
(93.305) |
(88.450) |
| Other expenses |
(88.459) |
(80.920) |
(70.943) |
|
|
|
|
| Operating Profit / (Loss) |
48.906 |
(16.321) |
(52.472) |
|
|
|
|
| Financial Income |
8.072 |
29.579 |
981 |
| Financial Expense |
(40.359) |
(28.745) |
(20.601) |
|
|
|
|
| Profit / (Loss) Before taxes |
16.619 |
(15.487) |
(72.092) |
|
|
|
|
| Income Tax |
(3.002) |
6.549 |
9.169 |
|
|
|
|
| Profit/ (Loss) for the year |
13.617 |
(8.938) |
(62.923) |
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