2003 ANNUAL REPORT
GENERAL INDEX
1 GOVERNING BODIES 1.1 BOARD OF DIRECTORS 1.2 DELEGATED BODIES OF CONTROL 1.2.1 EXECUTIVE COMMITTEE 1.2.2 AUDIT AND RISK CONTROL COMMITTEE 1.3 MANAGEMENT TEAM 1.4 CORPORATE GOVERNANCE
2 ACESA INFRAESTRUCTURAS 2.1 STRATEGY AND ORGANISATIONAL STRUCTURE 2.2 KEY DATA 2.3 SIGNIFICANT EVENTS 2.4 HUMAN RESOURCES 2.5 SOCIAL RESPONSABILITY
3 ACTIVITY OF ACESA INFRAESTRUCTURAS 3.1 HIGHWAYS 3.2 CAR PARKS 3.3 LOGISTIC SERVICES 3.4 TELECOMMUNICATION INFRASTRUCTURE
4 FINANCIAL MANAGEMENT 3.1 COMMENTS ON EVOLUTION OF YEAR 3.2 SHAREHOLDERS AND STOCK MARKET 3.3 ACESA GROUP CONSOLIDATED ANNUAL ACCOUNTS 3.4 ACESA INFRAESTRUCTURAS, S.A. ANNUAL REPORT
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3 ACTIVITY OF ACESA INFRAESTRUCTURAS
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3.1 HIGHWAYS 3.2 CAR PARKS 3.3 LOGISTIC SERVICES
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3.4 TELECOMMUNICATION INFRASTRUCTURE
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2003 ANNUAL REPORT
3.1 HIGHWAYS
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CONCESSIONS MANAGED DIRECTLY HIGHWAY
CONCESSIONAIRE
% HOLDING*
KM
END OF CONCESSION
• Montgat-Palafolls (C-31/C-32) • Barcelona-Palafolls (A-7) • Barcelona-Palafolls (A-7) • Montgat-Palafolls (A-7) • Zaragoza-Palafolls (A-2)
Autopistas II Autopistas II Autopistas II Autopistas II Autopistas II
100% 100% 100% 100% 100%
49,0 150,0 100,4 26,6 215,5
2021 2021 2021 2021 2021
• Castelldefels-Vendrell (C-31/C-32)
Autopistas II
100%
49,0
2021
• Montgat-Palafolls (C-31/C-32)
Autopistas II
100%
49,0
2021
• Montgat-Palafolls (C-31/C-32)
Autopistas II
100%
83,0
2021
• Montgat-Palafolls (C-31/C-32)
Autopistas II
100%
75,0
2021
• Montgat-Palafolls (C-31/C-32)
Autopistas II
100%
150,0
2021
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11
13
2
10
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36
9
1 4
5 8-7 3 6 12
14
2003 ANNUAL REPORT
CONCESSIONS MANAGED DIRECTLY
1 Autopistas II, C.E.S.A. 2 Autopistas II, C.E.S.A. 3 Autopistas II, C.E.S.A. 4 Autopistas II, C.E.S.A. 5 Autopistae de Catalunya, S.A. 6 Autopistas A-6, S.A. 7 Autopistas II, C.E.S.A. 8 Castellana de Autopistas, S.A.C.E. 9 Autopista Vasco-Aragonesa, C.E.S.A.
Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32)
49,0 km 49,0 km 49,0 km 49,0 km 49,0 km 49,0 km 49,0 km 49,0 km 49,0 km
Sant Cugat-Manresa Túnel del Cadí Madrid-Arganda de Rey (R-3) Madrid Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32) Montgat-Palafolls (C-31/C-32)
48,0 km 30,0 km
OTHER SHAREHOLDINGS
10 Autopista Terrassa-Manresa, C.G.C.S.A. 11 Túnel del Cadí, S.A.C. 12 Accesos de Madrid, C.E.S.A. 13 Autopista Central Gallega, C.E.S.A. 14 Autopista del Henares, C.E.S.A.
57,0 km 57,0 km 80,0 km
37
2003 ANNUAL REPORT
4.2 COMMENTS ON EVOLUTION OF YEAR Financial statements of Acesa Infraestructuras The financial statements of Acesa Infraestructuras in hendrerit in vulputate velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit praesent luptatum zzril delenit augue .
BALANCE SHEET
ASSETS • Net fixed assets Intangible fixed assets Tangible fixed assets Investments • Deferred expenses • Current assets • Total assets
LIABILITIES • Shareholder’s Fund’s Share capital Share premium Reserves Profit Interim dividend • Provisions for liabilities and expenses • Long-term creditors • Short-term creditors • Total liabilities
PARENT 2002
2001
3,232,768 703 11,744 3,220,321 14,414 203,057 3,450,239
3,159,705 1,873 2,351,773 806,059 37,986 172,027 3,369,718
PARENT 2002
2001
3,232,768 703 11,744 3,220,321 3,220,321 3,220,321 14,414 14,414 203,057 3,450,239
3,159,705 1,873 2,351,773 806,059 806,059 806,059 37,986 37,986 172,027 3,369,718
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52
2003 ANNUAL REPORT
PROFIT AND LOSS ACCOUNT
PARENT 2002
2001
• Operating income • Operating expenses • EBITDA-operating profit • Amortisation and reversion fund • Operating profit • Financial result • Profit on ordinary activities • Extraordinary results
3,232,768 3,232,768 165,864 3,232,768 130,736 3,232,768 237,551 3,232,768
3,159,705 3,159,705 335,238 3,159,705 270,049 3,159,705 250,415 3,159,705
• Corporaton tax • Profit for the year
3,232,768 182,817
3,159,705 164,762
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53
2003 ANNUAL REPORT
2.2 KEY DATA
BALANCE SHEET (thousand euros)
CONSOLIDATED
PARENT
CONSOLIDATED
• Gross fixed assets • Shareholder’s Fund’s • Provisions and depreciation • Debt • Operating income • EBITDA-Gross operating profit (1) • Operating profit • Net profit attributed to parent • Average number of employees
1998
1999
2000
2001
2002
3,232,768 703 11,744 3,220,321 3,220,321 11,744 11,744
3,159,705 1,873 2,351,773 806,059 806,059 2,351,773 2,351,773
3,159,705 3,159,705 14,414 806,059 14,414 14,414 14,414
3,159,705 3,159,705 806,059 14,414 37,986 806,059 806,059
3,159,705 3,159,705 37,986 14,414 203,057 37,986 37,986
11,744 203,057
2,351,773 172,027
14,414
806,059
37,986
3,232,768 703
3,159,705 1,873
3,159,705 3,159,705
3,159,705 3,159,705
3,159,705
PARENT COMPANY
• Net profit • Total Dividends
(1) Operating income (excluding revaluations) less operating expenses (excluding amortisation and provisions)
WHAT RESOURCES ARE USED?
0
22
Other assets
19
19
20
20
20
19
19
Current assets
02
0
20
1,000
01
2,000,000
20
2,000
99
4,000,000
98
3,000
02
6,000,000
01
4,000
00
8,000,000
99
AVERAGE NUMBERS OF EMPLOYEES
98
ACESA GROUP - BREAKDOWN OF ASSETS
00
Human resources
20
Material resources
Fixed assets
Group assets in excess of 6,450 million euros
A team of almost 4,000 people
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2003 ANNUAL REPORT
23