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FINANCIAL STATEMENTS

No CHAPTER 7 Page

1. NOTES TO THE FINANCIAL STATEMENTS 19
2. 19
3. Contents 34
4. 39
4.1 Incorporation & activities of the Company 39
4.2 Significant accounting policies 42
4.3 Financial risk management 44
4.4 Notes to the financial statements 45
4.5 Operating revenues 46
4.6 Operating expenses 47
4.7 Depreciation & amortisation charges 48
4.8 Net financial expenses 49
4.9 Subsidies received funding borrowing cost 50
4.10 Income tax expense 51
4.11 Basic earnings per share 53
4.12 Property plant & equipment-owned assets 54
4.13 Property plant & equipment -leased assets 54
4.14 Intangible assets 55
4.15 Government grants 55
4.16 Other non-current assets 55
4.17 Inventories 56
4.18 Construction works in progress 56
4.19 Trade receivables 56
4.20 Other receivables 57
4.21 Cash & cash equivalents 57
4.22 Share capital 57
4.23 Statutory & other reserves 60
4.24 Retained earnings 61
4.25 Foreign currency transactions 62
4.26 Bank loans and other borrowings 63
4.27 Employee retirement benefits 64
4.28 Provisions 64
4.29 Income & deferred tax liabilities 64
4.30 Other non-current liabilities 65
4.31 Trade & other payables 65
4.32 Other current liabilities 66
4.33 Operating lease arrangements 67
Commitments
Contingent liabilities PAGE 18 OF 69
Related parties transactions
Events after the balance sheet date

Financial Statements as at 31 December 2009 (Amounts in Euros unless otherwise stated)