REG-International Endesa Net Asset Value(s)

Endesa SAAnnouncement

24/02/2021 08:05

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Net Asset Value(s)

 

Borja Acha Besga

Secretary of the Board of Directors

Madrid, 24 February 2020

In accordance with the provisions of Article 226 of the Spanish Securities
Market Act, Endesa, S.A. hereby issues notice of the following Insider
Information:

Regarding the Company’s Consolidated Financial Statements as at 31 December
2020, the recoverable amount of the assets in the Spanish Non-Mainland
Territories (NMT) of Balearic Islands, Canary Islands, Ceuta and Melilla was
reassessed taking into account, inter alia, Ministerial Order TED/776/2020, of
4 August, revising the product and logistics prices for calculating fuel
prices and establishing maximum payment start-up times for each type of
facility, applicable to production facilities located in non-mainland
territories with an additional compensation system. As a result of this
reassessment, an impairment loss was recorded for the Cash-Generating Units
(CGUs) of each of the Non-Mainland Territories (NMT) of Balearic Islands,
Canary Islands, Ceuta and Melilla, totaling €338 million.

In accordance with the current Dividend Policy of ENDESA, S.A., for fiscal
year 2020, the ordinary per share dividend will be equal to 100% of the
ordinary net profits attributed to the Parent Company in the Consolidated
Financial Statements, defined as the Net Profits Attributable to the Parent
Company adjusted by the net profits on sales of non-financial assets and net
impairment losses on non-financial assets exceeding €10 million, as well as
by the initial contribution, net of personnel expenses, for decarbonization
and digitization plans, and the net expenses associated with the Public
Responsibility Plan for the COVID-19 health crisis. The aforementioned
accounting impairment loss therefore has no impact on the determination of
shareholder compensation for fiscal year 2020.

Secretary of the Board of Directors



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International Endesa


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