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Letter to our Shareholders
Management
Management of GAGFAH S.A.
Management of our Subsidiaries
Directors’ Report
GAGFAH at a Glance
Competitive Strengths
Strategy
Business Overview
Our Operational Network
Residential Property Portfolio
Operations
Industry
Results of Operations, Net Worth and Financial Position
Consolidated Income Statement
Financial Position
Net Assets
Disclosure regarding Article 11 (3) of the Law on Takeovers of May 19, 2006
Outlook
Forward-looking Statements
Pro Forma Operational Performance
Pro Forma Consolidated Income Statement
GAGFAH Shares
Appendices
Consolidated Balance Sheet
Consolidated Income Statement
Consolidated Cash Flow Statement
Statement of Changes in Consolidated Equity
A. General Information
B. Consolidated Group and Consolidation Methods
C. Accounting Policies
Group Segment Report
E. Notes to the Consolidated Balance Sheet
F. Notes to the Consolidated Income Statement
G. Notes to the Consolidated Cash Flow Statement
H. Other Notes
Exhibit (1) List of Shareholdings
Exhibit (2) Statement of Changes in Consolidated Non-Current Assets
Independent Auditor’s Report
Financial Statement Certification
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