Holdings in other companies.
Since it was incorporated, BME has been involved in de-
veloping and upgrading Latin American financial mar-
kets through shareholdings in the following companies:
• Cámara de Riesgo Central de Contraparte de Colombia,
S.A.,
the clearing house for Colombia’s futures and op-
tions market, with a 9.99% stake.
• Bolsa Mexicana de Valores, S.A.
de Capital Variable, with
a 0.99% stake.
In addition to these holdings in Latin American compa-
nies, BME also has interests in other companies:
• Operador del Mercado Ibérico de Energía–Polo Español, S.A.
which oversees the financial management of the
electricity generation market, with an indirect stake
through BME Innova of 5.65%.
• OMIP Operador do Mercado Ibérico (Portugal), SGPS, S.A.,
the holding company for the Portuguese electricity
market, with a 5% stake.
• Link Up Capital Markets, S.A.
in which Iberclear holds
a 23.47% stake and whose corporate purpose is to
improve efficiency and reduce settlement costs in
cross-border securities transactions.
• Regis-TR, S.A.,
which is 50% owned by Iberclear and
Clearstream Banking, S.A., a Luxembourg-based com-
pany that manages the registration of financial instru-
ments traded OTC.
• Openfinance S.L.,
provider of front-office solutions
for financial advisory and portfolio management,
62%-owned by Infobolsa.
(1) Includes work performed by the company on own assets, other operating revenue, the share of profit (loss) of companies accounted for
using the equity method and the net financial result, minus the result attributed to external partners.
(2) Includes the payment of three extraordinary dividends against unrestricted reserves, for €30.98 million each, made in 2010, 2011 and 2012.
(3) Includes only income tax expense and taxes reported in the year.
Economic value generated, distributed and retained
(thousand euros)
2010
2011
2012
Economic value generated
328,323 324,375 [298,365]
Revenues
314,033 314,674 [292,109]
Other income
14,290
9,701
[6,256]
Economic value distributed
330,343 326,534 [319,257]
Operating expenses
36,770
34,571 [33,854]
Employee remuneration
64,294
61,949 [63,400]
Dividends
(2)
164,225 164,225 [164,225]
Income and other taxes
(3)
63,974
64,673 [56,685]
Payments to capital suppliers (financial cost)
0
0
[0]
Payments to public bodies, donations and other investments in the community
1,080
1,116
[1,093]
Economic value retained (profit not distributed)
-2,020
-2,159 [20,892]
Reserves
(2)
-10,073
-10,532 [28,752]
Amortisation and depreciation
8,053
8,373
[7,860]
17
About BME
Corporate and Social
Responsibility
Report 2012
/ BME
1...,7,8,9,10,11,12,13,14,15,16 18,19,20,21,22,23,24,25,26,27,...107