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197
ANNUAL REPORT 2011
In the year 2011 there were no new lease agreements and the amount corresponding to the
contracts signed in 2010 was of 421,910 euros.
About 148,000 euros were capitalized in the year 2011 related to the cost of bank loans in Angola,
the accumulated value at December 31, 2011 was 289,000 euros.
In the year ending on 31 December 2011 and 2010, the following assets were used under a
financial lease:
2011
2010
Gross Amount Accumulated
depreciation
Gross Amount Accumulated
depreciation
Land and buildings
88,437
8,688
112,729
3,194
Equipment
4,473,046
1,569,840
7,299,995
1,561,541
Other tangible assets
255,525
185,571
578,381
150,934
4,817,007
1,764,098
7,991,106
1,715,668
Equipment
Tools and
utensils
Other tang.
Assets
Fix. Assets
in progress
(1)
Total
20,543,030
-
3,086,700
86,578
121,039,741
43,960
-
16,434
326,173
2,191,989
2,488,436
-
576,160
2,773,526
11,981,137
219,079
-
4,024
17,869
1,234,252
29,191
-
336
-38,539
-9,012
4,302,404
-
1,148,508
-
8,433,329
881
-
172
-
22,483
-
-
-
-
2,430,292
0
0
0
0
-140,927
68,806,067
-
14,444,010
3,129,869
217,216,702
49,658,496
-
11,854,570
-
88,438,405
565,318
-
62,515
-
5,553,870
18,582,253
0
2,526,926
3,129,869
123,224,427
(1) fixed assets in progress are due to the KFC restaurant still under construction in Luanda, Angola, whose opening is planned for April 2012.