Annual Report 2001
GRUPO FERROVIAL, S.A. AND DEPENDENT
COMPANIES 1. SCOPE
OF CONSOLIDATION AND DESCRIPTION OF THE COMPANIES The
Ferrovial Group comprises Grupo Ferrovial, S.A., which
is the Controlling Company, and its
dependent and associated companies, which are detailed
in Exhibits I and II. Through these companies, the
Group engages mainly in the following lines of business: a)
Construction and execution of all types of public and private works in Spain and
abroad, operating mainly through Ferrovial
Agromán, S.A., the company that heads this business division.
b) Operation of toll road, parking lot and
airport concessions in Spain and abroad. The company that heads
this business division is Cintra, Concesiones de Infraestructuras de Transporte, S.A.
As mentioned in Note 22, in January 2002 the Macquarie
Infrastructure Group acquired 40% of Cintra, Concesiones
de Infraestructuras de Transporte, S.A.This agreement entails the performance
of toll road development activities by
Cintra, Concesiones de Infraestructuras de Transporte, S.A. and
of parking lot and airport activities by
the Ferrovial Group. c) Property development
in Spain and abroad, management of condominiums and real estate brokerage,
performed through Ferrovial Inmobiliaria, S.A. and
its investees. d) Services
in diverse areas, including
urban services, building maintenance, cleaning
and integral management
and the upkeep of infrastructures.These are mainly performed through Ferrovial
Servicios, S.A. and its subsidiaries.
e) Telecommunications. Grupo
Ferrovial, S.A.’s shares have been listed on the Spanish computerized
trading system since May 5, 1999, and
form part of the IBEX 35 index. 2. BASIS
OF PRESENTATION AND CONSOLIDATION a)
True and fair view The consolidated financial
statements, which were prepared from the 2001 accounting records of Grupo
Ferrovial, S.A. and its dependent
companies, are presented in accordance with
generally accepted accounting
principles and, accordingly, give a true and fair view of the consolidated
Group's net worth, financial position and
results of operations. Notes
to 2001 Consolidated Financial Statements
