Global Dominion Access S A : Individual Annual Accounts 2022

Global Dominion Access, S.A.

Audit Report,

Annual Accounts at 31 December 2022

and Management Report

GLOBAL DOMINION ACCESS, S.A.

Annual Financial Statements and Management Report for the annual financial year ending 31 December 2022

GLOBAL DOMINION ACCESS, S.A.

1. GENERAL INFORMATION	10
2. BASIS OF REPORTING	11
2.1. TRUE AND FAIR VIEW	11
2.2. CRITICAL ASPECTS IN THE EVALUATION AND ESTIMATION OF UNCERTAINTY	11
2.3. COMPARISON OF INFORMATION	16
2.4. ENTRY GROUPING	16
2.5. PRESENTATION CURRENCY	16
3. ACCOUNTING CRITERIA	16
3.1. INTANGIBLE FIXED ASSETS	16
3.2. PROPERTY, PLANT AND EQUIPMENT	17
3.3. BORROWING COST	18
3.4. IMPAIRMENT OF NON-FINANCIAL ASSETS	18
3.5. FINANCIAL ASSETS	18
3.6. DERIVATIVE FINANCIAL INSTRUMENTS AND ACCOUNTING HEDGE	22
3.7. INVENTORIES	23
3.8. EQUITY	23
3.9. FINANCIAL LIABILITIES	23
3.10. GRANTS RECEIVED	24
3.11. CURRENT AND DEFERRED TAXES	25
3.12. EMPLOYEE BENEFITS	27
3.13. CONTINGENT LIABILITIES AND PROVISIONS	28
3.14. BUSINESS COMBINATIONS	28
3.15. JOINT VENTURES	28
3.16. REVENUE RECOGNITION	29
3.17. LEASES	30
3.18. FOREIGN CURRENCY TRANSACTIONS	31
3.19. RELATED PARTY TRANSACTIONS	31
3.20. EQUITY ITEMS OF AN ENVIRONMENTAL NATURE	31
4. FINANCIAL RISK MANAGEMENT	32
4.1. FINANCIAL RISK FACTORS	32
4.2. FAIR VALUE ESTIMATION	37
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GLOBAL DOMINION ACCESS, S.A.
5. INTANGIBLE FIXED ASSETS	37
6. PROPERTY, PLANT AND EQUIPMENT	39
7. ANALYSIS OF FINANCIAL INSTRUMENTS	41
7.1 ANALYSIS BY CATEGORIES	41
7.2. ANALYSIS BY MATURITY	42
7.3. CREDIT RATING OF FINANCIAL ASSETS	43
8. HOLDINGS IN GROUP AND ASSOCIATED COMPANIES	43
9. LOANS AND RECEIVABLES	51
10. CASH AND OTHER CASH EQUIVALENTS	53
11. CAPITAL AND SHARE PREMIUM	53
12. RESERVES AND PREVIOUS YEARS' PROFIT/LOSS	56
13. PROFIT (LOSS) OF THE FINANCIAL YEAR	56
14. BORROWINGS	57
15. FINANCIAL LIABILITIES	61
16. TAXES	63
17. PROVISIONS AND CONTINGENCIES	65
18. INCOME AND EXPENSES	66
19. TAX ON PROFITS AND FISCAL SITUATION	68
20. FINANCIAL PROFIT	69
21. CASH FLOWS FROM OPERATING ACTIVITIES	70
22. CASH FLOWS FROM INVESTING ACTIVITIES	71
23. CASH FLOWS FROM FINANCING ACTIVITIES	71
24. COMMITMENTS	71
25. JOINT VENTURES (JVs)	72
26. REMUNERATION TO THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT	73
27. OPERATIONS WITH GROUP COMPANIES AND ASSOCIATED COMPANIES	75
28. INFORMATION ABOUT THE ENVIRONMENT	80
29. ACCOUNTS AUDITORS FEES	81
30. SUBSEQUENT EVENTS	81
31. REPORTING OF ASSETS AND RIGHTS HELD ABROAD. OBLIGATION TO FILE FORM 720
SPANISH TAX AGENCY	81
INDIVIDUAL MANAGEMENT REPORT	95
1. COMPANY SITUATION	95

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GLOBAL DOMINION ACCESS, S.A.

1.1. ORGANISATIONAL STRUCTURE	95
1.2. OPERATION	96
2.	EVOLUTION AND RESULTS OF THE BUSINESSES	97
2.1 FUNDAMENTAL FINANCIAL AND NON-FINANCIAL INDICATORS	98
2.2	MATTERS RELATING TO THE ENVIRONMENT AND PERSONNEL	98
2.2.1	THE ENVIRONMENT	98
2.2.2.	PERSONNEL	98
3.	LIQUIDITY AND CAPITAL RESOURCES	98
3.1. LIQUIDITY	98
3.2. ANALYSIS OF OFF-BALANCE SHEET CONTRACTUAL OBLIGATIONS AND OPERATIONS100
4.	MAIN RISKS AND UNCERTAINTIES	100
4.1. OPERATING RISKS	100
	4.1.1. REGULATORY RISK	100
	4.1.2. OPERATIONAL RISK	101
	4.1.3. CUSTOMER CONCENTRATION	101
4.2. FINANCIAL RISK	101
5.	SIGNIFICANT EVENTS FOLLOWING YEAR-END	106
6.	INFORMATION REGARDING THE ORGANISATION'S FORESEEABLE EVOLUTION	107
7.	R&D&I ACTIVITIES	107
8.	ACQUISITIONS AND DISPOSALS OF TREASURY STOCKS	108
9.	MEAN SUPPLIER PAYMENT PERIOD	108
10.	OTHER RELEVANT INFORMATION	109
10.1. STOCK MARKET INFORMATION	109
10.2. DIVIDEND POLICY	109
11. ANNUAL CORPORATE GOVERNANCE REPORT	110
12. ANNUAL REPORT ON BOARD MEMBER REMUNERATION	110

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