• Legal and Financial Report
• 2009 Annual Consolidated Accounts
• Notes to the Consolidated Annual Accounts
• Note 33.- Net Exchange Differences

• Consolidated Financial Statements
• Consolidated P&L Incomes Accounts
• Overall Consolidated Income Statement
• Consolidated Statements of Changes in Shareholders’ Equity
• Consolidated Statements of Changes in Cash Flow
• Notes to the Consolidated Annual Accounts
• Appendices
• Consolidated Management Report

Note 33.- Net Exchange Differences

The following table sets out the Exchange Rate Differences in 2009 and 2008:

The most significant amounts in the net exchange differences at the close of the 2009 exercise correspond to the exchange differences produced by the Brazilian Real.