Equity-consolidated companies

The main shareholdings in equity-consolidated companies are analysed below at 31 December 2007 and 2006:

 Equity-consolidated companies

  • The main addition for the year is the payment of 125 million euro to acquire a 20% interest in Promociones Hábitat, S.A. This amount was paid in September 2007 as a result of the commitment made when all the shares in Ferrovial Inmobiliaria were sold to Promociones Hábitat, S.A.

  • In the item "Share of results of equity-consolidated companies", the main movement is a loss of 125 million euro relating to Promociones Hábitat S.A, based on the evolution of results and equity at 31 December.

  • The main investment in equity-consolidated companies is the 10% indirect interest acquired in the company Madrid Calle 30, S.A., which holds a 35-year contract to refurbish and maintain the M30 ring road in Madrid, amounting to 53.9 million euro at 31 December 2007 (41.6 million euro at 31 December 2006).

  •  There are no reasons to draw the conclusion that the Group has significant influence in companies in which its interest is less than 20% or does not have significant influence in companies in which its interest exceeds 20%.

  • There are no significant restrictions on the capacity of associates to transfer funds to the parent company in the form of dividends, debt repayments or advance payments, besides restrictions that may arise from financing contracts entered into by associates or from their own financial situation, and there are no contingent liabilities related to associates that could be assumed by the Group.

  • Exhibit I contains a list of the main shareholdings in equity-consolidated companies indicating their name, the country in which they were incorporated, business segment, the Group's shareholding and their financial highlights, such as aggregate assets and liabilities, net sales and profit or loss for the year.