EUR (x 1.000)

Year

31-12-2009

Year

31-12-2008

A. Capital

97.853

68.913

- Subscribed capital

100.522

68.913

- Costs of capital increase

-2.669

0

B. Premiums on issues

63.960

0

D. Reserves

210.133

204.925

E. Result

8.476

-846

- Carried over results from previous financial years

8.613

16.015

- Result of the financial year

-137

-16.861

F. Impact on the fair value of costs and transfer taxes estimated at the time of the

 notional transfer of the investment property and of the valuation of project

 developments at cost

 -13.928

 -12.031

H. Translation differences

0

0

A. Provisions

1.165

1.249

- Other

1.165

1.249

B. Non-current financial liabilities

339.059

260.758

- Credit institutions

315.000

240.000

- Financial lease

24.059

20.758

C. Other non-current financial liabilities

32.509

21.242

- Hedging instruments

32.509

21.242

E. Other non-current liabilities

15.272

15.272

F. Deferred tax liabilities

0

0

B. Current financial liabilities

110.524

167.515

- Credit institutions

106.750

166.198

- Financial lease

3.774

1.317

D. Trade payables and other current debts

5.018

9.730

- Suppliers

4.390

9.184

- Tax, salary and social security

628

546

E. Other current liabilities

2.271

14.873

- Other

2.271

14.873

F. Other current liabilities

912

1.679

- Property returns received in advance

492

324

- Completed, not due interests and other costs

394

228

- Other

26

1.127

* The statutory auditor has issued an unreserved statement of compliance for the annual financial statements of WDP Comm.

VA. These annual financial statements are established in accordance with the IFRS rules as accepted in the European Union

and in accordance with the Royal Decree of 21st June 2006.