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Comparative information
The information relating to 2015 contained in these notes to the financial statements is presented,
for comparison purposes, with the information for 2014.
Grouping of items
Certain items in the balance sheet, income statement, statement of changes in equity and
statement of cash flows are grouped together to facilitate their understanding; however, whenever
the amounts involved are material, the information is broken down in the related notes to the
financial statements.
Changes in accounting policies
In 2015 there were no significant changes in accounting policies with respect to those applied in
2014.
Correction of errors
In preparing the accompanying financial statements no significant errors were detected that would
have made it necessary to restate the amounts included in the financial statements for 2014.
Effect of not consolidating
The Company is the majority shareholder of certain companies and has ownership interests equal
to or exceeding 20% in the share capital of other companies (see Note 8). The separate financial
statements at 31 December 2015 do not reflect the increases in the value of the Company’s
ownership interests in these companies which would arise from fully consolidating majority
ownership interests and accounting for investments in associates using the equity method.
Pursuant to current legislation, the Company prepared consolidated financial statements
separately in accordance with International Financial Reporting Standards.
In 2015 the main aggregates in the consolidated financial statements are as follows: total assets
EUR 1,256 million; equity EUR 486 million; revenue EUR 925 million; and profit for the year EUR
99 million.
3.- Distribution of profit
The proposed distribution of the profit for the year that the Company's directors will submit for
approval by the shareholders at the Annual General Meeting is as follows (in thousands of euros):
2015
Interim dividends paid in 2015 (EUR 0.18/share)
40,490
Maximum final dividend (EUR 0.18/share)
40,632
To voluntary reserves
8,381
Total
89,503
At the Company's Board of Directors meeting held on 18 November 2015 it was resolved to
distribute out of the Company's profit for 2015 a gross amount of eighteen euro cents (EUR 0.18)
for each of the shares entitled to receive this interim dividend, implying a total dividend of EUR
40,490 thousand, which were recognised under “Equity - Interim Dividend” in the accompanying
balance sheet.