Holdings in other companies
Since it was incorporated, BME has been involved in devel-
oping and upgrading Latin American financial markets
through shareholdings in the following companies:
Cámara de Riesgo Central de Contraparte de Colombia,
S.A., S.A.,
the clearing house for Colombia’s futures and
options 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 concerns:
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 electric-
ity market, with a 5% stake.
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 two extraordinary dividends against unrestricted reserves, for €30,980 thousand in 2011 and 2012 and €11.82 in 2013.
(3) Includes only income tax expense and taxes reported in the year.
ECONOMIC VALUE GENERATED, DISTRIBUTED AND RETAINED
(thousand euros)
2011
2012
2013
Economic value generated
324,375 298,365 310,293
Revenues
314,674 292,109 302,273
Other net gains (losses)
(1)
9,701
6,256
8,020
Economic value distributed
326,534 319,257 304,810
Operating expenses
34,571
33,854
33,035
Employee remuneration
61,949
63,400
64,316
Dividends
(2)
164,225 164,225 145,071
Income tax and other taxes
(3)
64,673
56,685
61,299
Payments to capital suppliers (financial cost)
0
0
0
Payments to public bodies, donations and other investments in the community
1,116
1,093
1,089
Economic value retained
(profit not distributed)
-2,159 -20,892
5,483
Reserves
(2)
-10,532
-28,752
1,931
Amortisation and depreciation
8,373
7,860
7,414
The total capitalization (broken down as debt) and the equity for 2013 reaches €392.30 billion.
16
About BME
Corporate and Social
Responsibility Report 2013
BME
1...,6,7,8,9,10,11,12,13,14,15 17,18,19,20,21,22,23,24,25,26,...107