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Thousand of Euros

Netas 2010 2009 Proft for the period 113,934 68,461

Income and expenses recognized directly in equity

From measurement of fnancial instruments - (5,025) Available-for-sale fnancial assets - (5,025) Other income/expense - - From cash fows hedges Currency translation diferences

Grants, donations and bequests received - - From actuarial gains and losses and other adjustments

Tax efect - 1,507

Total income and expense recognized directly in equity - (3,518)

Amounts transferred to income statement

From measurement of fnancial instruments - 5,025 Available-for-sale fnancial assets - 5,025 Other income/expense - - From cash fows hedges

Grants, donations and bequests received

Tax efect - (1,507)

Total amounts transferred to income statement - 3,518

TOTAL RECOGNIZED INCOME AND EXPENSE 113,934 68,461

Statements of changes in Equity for the years ended 31 December 2010 and 2009

A) Statement of recognized income and expenses for the years ended 31 December 2010 and 2009

Read with the attached explanatory notes. Madrid, 23 February 2011.

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Financial Statements, Management and Corporate Governance Report. 2010