Endesa

Endesa SA Period End 31 December 2005

Submitted by Company Reporting on Thu, 2006-02-16 00:00

Endesa
S&P Europe 350
Spain
Accounting policies
Business disposals
Corporate governance
Environmental information
Financial instruments
Foreign currencies
Goodwill
IAS 21 'The effects of changes in foreign exchange rates'
IAS 27 (revised) 'Consolidated and separate financial statements'
IAS 28 'Investments in associates'
IAS 36 'Impairment of assets'
IAS 38 'Intangible assets'
IFRIC 3 'Emission rights'
IFRS 1 'First-time adoption of International Financial Reporting Standards'
Investments
Minority interests

Minority interests switch to equity
Spanish electricity company Endesa adopts IFRS and shows initially a 48% increase in equity arising mainly from reclassification of minority interests.

CO2 emission rights capitalised
Spanish electricity company Endesa capitalises as intangible assets €537 million of CO2 emission rights arising from new emissions trading scheme.