Focus-Abengoa Foundation

We are the stewards of the past in order to build the future

Table of contents Our essence Letter from the Presidents of the Board 4 Statements of the General Manager 5 Profile of the Foundation 7 A history worth telling 8 International presence 11 Governance and transparency Corporate governance 13 Ethical behaviour 16 The value of our stakeholders 17 Informational transparency 18 Our activities Social development 20 Forum of Energy Transition and Climate Change 25 Artistic heritage 29 School of the Baroque 38 Education 40 Prizes and awards 44 Abengoa employees 47 How we do it Our team 51 Economic performance 53 Appendixes Appendix I – About this report 55 Appendix II – Index of GRI contents 58 Appendix III – The Foundation’s annual accounts 64 Appendix IV – Emissions certificate 110

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Nuestra esencia Nuestra esencia Nuestra esencia

Our essence

4

Felipe Benjumea Llorente and José B. Terceiro,

Presidents of the Focus-Abengoa Foundation

Letter from the Presidents of the Board

José B. Terceiro

Felipe Benjumea Llorente

[G4-1; G4-2]

The Focus-Abengoa Foundation is pleased to present this new edition of its Annual Report, which contains a summary of its activities throughout 2014. Yet again, in accordance with our transparency policy with our stakeholders, we have followed the recommendations of the most recent version of the Global Reporting Initiative (G4) in its exhaustive option. Our social action has expanded the horizons of our commitment to the most vulnerable groups through the implementation of the People, Education and Communities programme (PE&C) in Sri Lanka and South Africa, which enabled us to strengthen our humanitarian presence in these Asian communities and reach the continent of Africa for the first time. This international expansion was further enhanced by the Focus-Abengoa’s loan of the Velázquez paintings Saint Rufina and the Immaculate Conception to two great European museums: the Kuntshistorisches Museum of Vienna and the Grand Palais of Paris, which are promoting an exhibition of the oeuvre of Seville’s world-renowned painter. Likewise, our focus on heritage made headway in 2014 with the recovery of the Murillo painting Saint Peter Penitent of Los Venerables, which Abengoa purchased to add it to the permanent collection of the Centro de Investigación Diego Velázquez. Finally, our struggle against climate change and the social benefits this brings is moving steadily ahead thanks to the initiatives of the Forum on Energy Transition and Climate Change, envisioned as a space of communication, observation, analysis and debate of the current energy transition process.

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The Focus-Abengoa Foundation has been working for over three decades to serve society from a twofold perspective: humanistic and technological. Our actions and investments revolve around three strategic focal points:

Social development

Our commitment to society seeks to balance the socioeconomic development of the communities where Abengoa, the Foundation’s parent company, operates. In response, we foster the local rootedness of the company and the involvement of many of its employees in social voluntarism.

Since 2005, these efforts have been carried out primarily through the People, Education and Communities (PE&C) programme, which was created to improve the quality of life and workplace insertion of thousands of people whose basic needs are unmet or who are at the risk of social exclusion. Thus, our efforts are targeted at improving the living conditions of people with some kind of disability, women who suffer from gender violence, homeless children, families without resources and the elderly.

Today, the PE&C programme has been implemented in nine countries, where the Foundation is currently carrying out more than 100 projects in areas like informal education, community education, sports, job training, nutrition and hygiene and social protection. These projects are implemented in numerous centres which the Foundation oversees in a direct, continuous and sustainable way.

Almost 300 people work in the PE&C programme along with a variety of religious institutions and NGOs. What is more, we also enjoy the generous efforts of hundreds of volunteers who share their time, skills and socially conscious values with us.

Cultural heritage

The year 2014 will go down in the Foundation’s history for Abengoa’s acquisition

of the painting Saint Peter Penitent of Los Venerables by Bartolomé E. Murillo. This painting, which had been despoiled during the Napoleonic invasion, was found by Gabriele Finaldi, the Director of Conservation and Research at the Museo Nacional del Prado, and unveiled in our 2012-2013 exhibition entitled “Murillo and

Justino de Neve: The Art of Friendship”. We thus embarked upon a long pathway to return the work to Seville’s Hospital de los Venerables, the place where it was

conceived. The painting reached the Museo del Prado directly, where it is being subjected to a technical study and cleaning so that it can soon be displayed to the public.

Other milestones in our cultural strategy this year were the signing of an agreement with the Hermandad de la Santa Caridad of Seville to undertake the restoration of three Murillo paintings and the two altarpieces that house them, along with the loan of our two Velázquez works, Saint Rufina and the Immaculate Conception, for the exhibitions on the Sevillian painter being held at the Kunsthistorisches Museum of Vienna and the Grand Palais of Paris.

During this period, the permanent collection of the Centro Velázquez is being expanded by two paintings lent by the Archbishopric of Seville: a panel by Pedro de Campaña coming from Seville’s Santa Catalina church, Christ Tied to the Column with Saint Peter, and an Immaculate Conception by Francisco Pacheco.

Statements by the General Manager

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The Foundation’s bibliographic and document heritage has gradually grown since it was created in 1982, with an important quantitative and qualitative leap after the 2011 donation of the legacy of Professor Alfonso E. Pérez Sánchez. This enabled us to embark upon a new stage of clear specialisation and to create the Library of the Baroque, for which we have recently launched both its cataloguing and the implementation of new channels of dissemination and visibility of the bibliographic collections targeted at both researchers and a broad audience interested in the culture of the Baroque, the Foundation’s hallmark.

Struggle against climate change

In 2014, the Foundation launched the Forum on the Energy Transition and Climate Change, a new venue of communication and debate devoted to the challenges, opportunities and difficulties that both Spain and the surrounding countries and the international community at large are facing in the struggle against climate change. One of the most important initiatives of the Focus-Abengoa Forum is the creation of a new website which houses all the debates and reflections sparked on this huge challenge of our times, where you can find everything from the latest scientific contributions in this field to the most recent articles.

This project, led by the prestigious Professor Josep Borrell, held its first major activity in Seville in the spring of 2014 by hosting the School of Energy Transition and Climate Change. The School was opened with a keynote address by Lord Nicolas Stern, the president of the Grantham Research Institute on Climate Change and Environment, which reflects the far-reaching scope of the School and the Foundation’s dedication to making a serious, in-depth contribution to this reflection.

Anabel Morillo León,

General Manager of the Focus-Abengoa Foundation

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Our mission: We create social and cultural value with the city of Seville and the rest of the world Our vision: Increasing international outreach Our values: Solidarity, commitment and excellence

Our essence

[G4-3, G4-5, G4-7, G4-9, G4-15, G4-16]

The love of art, the passion for culture and the social sensibility of Javier Benjumea Puigcerver, Marquis of Puebla de Cazalla (1914-2001) and founder of Abengoa, are the origin of the Focus-Abengoa Foundation. These values are the keys to our essence still today; its roots are in the city of Seville yet they are projecting out into the world with increasing intensity. With its headquarters in the Hospital de los Venerables Sacerdotes (Seville), the Fundación Fondo de Cultura de Sevilla (Focus) was set up by Abengoa, S. A. in 1982 as a non-profit private cultural foundation that is charitable in nature and aims to be lasting, and whose mission extends to all the communities where Abengoa operates. Focus-Abengoa works with the Royal Academy of Fine Arts “Saint Elizabeth of

Hungary of Seville”, the Royal Sevillian Academy of Belles-Lettres and the Royal Academy of Medicine and Surgery of Seville. It also partners with the United Nations Global Compact and the following foundations and universities: Princesa de Asturias Foundation, Cotec, Princesa de Girona Foundation, the Valencian Foundation of Higher Education, the Foundation for Drug Addiction Assistance, the Project Man Association, the University of Seville and Loyola Andalusia University, among others. This annual report contains the different activities that the Foundation carried out in financial year 2014 as part of its sociocultural mission.

Profile of the Foundation

Javier Benjumea Puigcerver, Marquis of Puebla de Cazalla, founder of Abengoa

and its Foundation

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A history worth telling

Abengoa begins to publish books with Sevillian Topics and Iconography of Seville

The Hospital de los Venerables Sacerdotes becomes the Foundation’s

headquarters

The first world conference on biofuels is held, World Biofuels

We receive the legacy of Alfonso Emilio Pérez Sánchez (library, photo library, document archive and collection of works of art).

Velázquez’s Saint Rufina and the Immaculate Conception are displayed in Vienna

Saint Rufina, by Velázquez, returns to Seville thanks to the Foundation

Through Abengoa, the Foundation reaches the USA with the exhibition “Nur: Light in the Art and Science of the Islamic World”.

Abengoa purchases Murillo’s Saint Peter Penitent in Los Venerables to donate it to the Foundation.

The Focus-Abengoa Campus is launched in Sanlúcar la Mayor

1972 2002 1991 2014 2013 2011 2007 2005

The PE&C, (People, Education and Communities) social programme is founded in Argentina with the Hermanas de la Cruz

1981

Abegoa creates the Library and the Room of Engravings

1982

The Fundación Fondo de Cultura de Sevilla is founded, spearheaded by Abengoa

The Foundation’s

Baroque organ is officially unveiled

Creation of the Centro Velázquez

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Moving forward in our commitment [G4-4]

Faithful to our mission and to our founding objectives, since 1982 Focus-Abengoa has carried out activities aimed at contributing to society and cultural development in both its artistic and scientific facets, as well as learning about and rescuing the assets of the past in order to contribute to building a better future for people.

In our social efforts in the different countries where Abengoa operates, we always work hand in hand with other renowned organisations which are benchmarks in cooperation. We have long-term partnerships with these organisations.

In 2014, we furthered the activities we perform in our seven spheres of action:

Building collaborative networks

Desarrollo Social Foro Patrimonio Artístico Escuela de Barroco

Educación

The Foundation’s commitment to fostering

culture, art and social action is reaffirmed year after year. In 2014, we invested more than 6.8 million euros in promoting it, which is a 6.2% rise over 2013.

Premios y Ayudas Empleados Abengoa

Expanding the horizons of cooperation

Advancing towards a sustainable future

Opening borders Generating a referent for the world

Recognising talent Helping to build teams

3% 31%

21% 2% 28% 9% 6%

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Focus-Abengoa’s achievements and challenges

Abengoa still focuses on growing along with the communities where it operates by investing in their development, supporting their culture and ensuring the respect for both human rights and the environment. The Focus-Abengoa Foundation helps it in this effort and is becoming more of a referent every year.

The challenges facing society are also the challenges facing the Focus-Abengoa Foundation, so in the forthcoming years we aim to keep moving along the path we have undertaken by expanding our networks of collaboration, embarking on new social projects and enhancing the dissemination of our assets thanks to the new technologies.

Milestones in 2014

Challenges in 2015

The Forum on Energy Transition and Climate Change keeps evolving. In 2014, the conference was opened by Lord Nicholas Stern.

The educational programme expanded to serve a larger number of audiences.

Expansion of the Foundation’s

educational programme by creating networks of collaboration.

Call for participation in the fifth edition of the Alfonso E. Pérez Sánchez International Prize.

Increased and enhanced access to the Foundation’s art and

library collections via the Internet.

Impetus for employees’ social

voluntarism through the PE&C programme.

The PE&C programme reaches South Africa and Sri Lanka

Abengoa purchases Murillo’s Saint Peter for its Foundation

Velázquez’s

Saint Rufina and the Immaculate Conception displayed in Vienna

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International presence

The Focus-Abengoa Foundation is present in the countries where Abengoa operates.

Vienna and Paris (loan of the Immaculate Conception and Saint Rufina for a major exhibition on Velázquez)

Argentina (PE&C)

Chile (PE&C)

Mexico (PE&C)

Brazil (PE&C) Peru (PE&C)

India

Sri Lanka (launch of the PE&C for the first time)

South Africa (launch of the PE&C for the first time)

Spain (headquarters)

USA (exhibition “Nur:

Light in the Art and Science of the Islamic World”)

Major Focus-Abengoa activities in 2014

[G4-6, G4-8]

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Gobernanza y transparencia

Governance and transparency

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Good corporate governance is the Foundation’s best

guarantee of fulfilling our values and doing our job properly

The Foundation’s bylaws, its Code of Good Governance and its Code of

Conduct for temporary investments all contribute to our system of governance.

This system is based on principles and values that allow the Foundation to consolidate its renown and earn the trust of the communities where we operate, while also guaranteeing the proper fulfilment of our mission under the strictest standards of transparency.

Made up of 19 members, 14% of them female all of them independent and non-executive, including the presidents, the Board is Focus-Abengoa’s top governing and representational organisation which, along with the management team, ensures that the Foundation’s objectives are

met.

In 2014, Juan Suárez Ávila joined as a board member of the Foundation, while totally unrelated to this fact, Federico Mayor Zaragoza left his position on the board.

Composition of the board and competences of its members: http://www.focus.abengoa.es/web/en/fundacion/organos-gobierno/index.html

[G4-LA12]

Corporate governance

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Our management bodies [G4-34, G4-38, G4-39]

The Board participates actively in the governance of the Foundation with the diligence befitting a representative body. Focus-Abengoa’s system of governance

stipulates the Board’s competences and the responsibilities of its members. [G4-35, G4-36]

The system also includes the possibility of creating other instruments to support the Board’s efforts, and it has the power to appoint the professionals who are in charge of legal compliance and other managerial responsibilities. In this sense, the Board has delegated the administration and overall running of the Focus-Abengoa to its management. [G4-49, G4-50]

The smooth functioning of the governing bodies depends on the communication between the Board and the other members of the Foundation. Constant, fluid interaction helps the most important issues to be conveyed to the Board, channelled through the figures of the Secretary and the General Manager, and in some special cases through the President.

Our way of doing things [G4-42]

The Foundation develops steering plans aligned with its founding mission and the activities entrusted to it. Furthermore, the Board also has the power to develop, approve and update all functions corresponding to the exercise of Focus-Abengoa’s

activities, which take shape in the action programmes established to fulfil its founding mission. [G4-37, G4-45, G4-46, G4-47, G4-48, G4-14, G4.43, G4-44]

The Board meets at least twice a year to assess and take stock of the Foundation’s

activities, the stakeholders’ expectations, the most important matters and their associated risks. It also develops a yearly monitoring report which evaluates the degree of effectiveness of its governance system, and it is the only

body in charge of reviewing and approving the annual report on the Foundation’s

activities.

The effectiveness of the measures put into place by the Board is always evaluated bearing in mind Abengoa’s considerations in terms of identifying the risks and

opportunities related to our mission.

Competences of the governing bodies

The board performs the activities needed to administer the governance of the

Foundation, such as approving accounts, appointing and removing board members and evaluating the effectiveness of the Foundation’s management, among other

activities.

The president is in charge of calling Board meetings, leading its deliberations and executing the agreements when they are not delegated to another member.

The Secretary, who has a voice but no vote in the decisions taken by the Board, assists the president in his duty and keeps watch over the Foundation’s books

and archives. The General Manager is in charge of programming the Foundation’s projects as

well as organising the events and activities approved by the Board, and any other activities entrusted to her by virtue of the bylaws.

The Administrator is in charge of the Foundation’s accounting and ordinary correspondence, as well as preparing the economic analyses and corresponding budgets. The Administrator is also in charge of keeping watch over the Foundation’s collections, among other activities.

The bylaws, the Code of Good Governance and the Code of Conduct for temporary investments are available on our website for consultation

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Criteria used when choosing our members [G4-40]

Our management team is made up of professionals who represent Focus-Abengoa’s

main stakeholders, and they are committed to the spirit, mission and objectives of the Foundation. Thus, in addition to bearing in mind Abengoa’s recommendations on Board members to appoint, we also have representatives of university chairs and scholars from the royal academies headquartered Seville. Diversity and non-discrimination are criteria which prevail when choosing our Board members, so we also take into account the experience and professional knowledge of candidates from business, academia and the cultural sector. The trustees hold that position in a personal capacity for periods of five years, and the position cannot be delegated to third parties. After this period has elapsed, they can be re-elected one or more times for the same period of time. In the case of the President, the length of the mandate is four years, and Presidents may also be re-elected. [G4-51, G4-52, G4-53]

As a non-profit organisation, the Foundation does not pay its board members for their efforts. Their performance reflects their good will and commitment to Focus-Abengoa’s

founding mission. However, in order to ensure the utmost professionalism as they perform their duties, the Manager or General Manager is paid. The remuneration is determined under the supervision of Abengoa in accordance with the market, and the pay is tied to fulfilment of the Foundation’s social mission.

Meeting of the Foundation’s Board

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[G4- DMA] [G4-56]

At Focus-Abengoa, we believe that ethics is an essential factor that must be upheld in every single procedure. For this reason, we have devised our ethical commitment with reference to the international standards and we act with due diligence in order to prevent, stop and eradicate any irregularity which might occur. Our behaviour guidelines are contained in our system of governance and are openly disseminated to the Foundation’s employees and Board.

[G4-57, G4-58] The system outlines the principles and responsibilities which should guide the behaviour of anyone who is part of the Foundation. Focus-Abengoa also relies on the support of Abengoa’s corporate services for advice on issues involving ethics and

integrity. Focus-Abengoa employees have access to Abengoa’s anonymous channel1

where they can report any illicit or questionably ethical behaviours. The Foundation has a specific regulation for temporary investments which stipulates the responsibility to report this kind of investment in securities and financial instruments to the Protectorate.

1 For further information, check Abengoa’s 2014 CSR Report.

[G4-41]

The members of the Board, in turn, have the duty to notify and include any situation related to possible conflicts of interest in the annual report of the Foundation’s activities. In financial year 2014, no significant matters of this kind

were reported.

Everyone’s commitment [G4-SO3, G4-SO4]

Our duty is to ensure that all the members of the Foundation act in accordance with our Code of Conduct. All of our employees receive training on the Code, including any illicit or fraudulent practices that should be avoided, especially in anti-corruption matters. Furthermore, the Foundation also partly disagrees on the Board members’ acceptance of gifts, which cannot be for their personal benefit

or the benefit of any individual associated with them. The Foundation’s organisation into separate functions and division of power lowers the risk that fraudulent practices will occur. The integrity of our Board and the professionals that are part of Focus-Abengoa requires due diligence in reporting any event related to their job or position as representatives of the Foundation which might affect the proper performance of their jobs or the organisation’s reputation.

Ethical behaviour

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[G4-37]

As an organisation that is responsible and oriented to society, we are aware that only by knowing our stakeholders’ expectations can we meet their needs in the social and cultural spheres in which we act. For this reason, we here at Focus-Abengoa prioritise constant dialogue and attention as a way of understanding what is happening, wherever we may be.

Constant dialogue [G4-25, G4-27]

Since 2009, the Board and Abengoa2 have been contributing to accurately identifying both the Foundation’s stakeholders and the issues that are the most

important to them, which are generally associated with the social impact of the activities, innovation and the development of new technologies. This effort serves as the point of departure for our communication strategy, which, just like all our activities, seeks to be ongoing.

2 For further information, check Abengoa’s 2014 CSR Report.

[G4-24]

Our mission and vision, as well as the sociocultural and research projects we carry out, delimit the framework within which our stakeholders are identified. For this reason, Abengoa and the communities where we are present, our beneficiaries and partners, represent our main stakeholders and are always taken into account both when we develop projects and as we assess their results. [G4-26]

We here at Focus-Abengoa wanted to establish enough channels of communication and interaction with our stakeholders so that we can ensure that we adequately attend to their opinions and suggestions. Thus, along with the fluid, ongoing relationship with both our employees and Abengoa employees as our activities unfold, we have also set up an online mailbox which is now the most widely used channel to exchange information.

Contamos con un canal de diálogo en nuestra web con el objetivo de analizar y dar respuesta a las solicitudes y sugerencias de nuestros grupos de interés.

Abengoa Partners Employees Suppliers

Beneficiaries The media Volunteers Society Teaching and

research

Transparencia informativa

We have a channel of dialogue on our website so we can analyse and respond to our stakeholders’

requests and suggestions

The value of our stakeholders

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At Focus-Abengoa, given its nature as a non-profit organisation, we view informational transparency as a necessary condition for performing any activity. The trust we are capable of generating both in the communities and groups we benefit and in those who work and ally with us for this purpose is based largely on our transparency. For this reason, we try to take care of all the details in terms of the information we disseminate, both on the actions and programmes we carry out and on the way we do it and how we finance them. To us, clarity, timeliness and precision are expressions of the necessary diligence and rigour.

Our website, which is constantly being updated, is our main channel of communication with society. Through our Internet portal, which is available in both Spanish and English to expand its reach to the entire world, we offer all the information related to the Foundation’s activities, and we place all our

collections at the service of society, contributing to our objective of disseminating and fostering culture worldwide.

Prizes and aid

Promoting culture in all its different artistic and scientific expressions is one of the Foundation’s prime objectives, so every year we award a variety of grants and aids to emblematic projects. We believe it is our duty to provide information on these contributions as transparently as possible, so we provide a great deal of detailed information (conditions, requirements, deadlines, etc.) on the calls for participation.

What is more, our beneficiaries have a telephone line and email address available to them where they can forward their suggestions and recommendations to help us to improve the information we disseminate.

Financial transparency

Financial transparency is another fundamental factor for social organisations, so it, too, requires our commitment. The Foundation’s annual accounts are subjected to an independent third-party evaluation in order to report on the efficacy of our management and enhance the trust of our stakeholders. The criteria used to choose the auditor reflect a transparent, efficient and equitable process.

All the information on the state of our annual accounts for financial year 2014 can be found at the end of this report.

To Focus-Abengoa, informational transparency is a guarantor of our reputation and contributes to generating trust in our beneficiaries and partners

Informational transparency

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Our activities

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Nuestras actividades

[G4- DMA] For decades now, the Focus-Abengoa Foundation has helped its parent company, Abengoa, in its commitment to carry out social actions in the countries where it operates. Therefore, our cooperation programmes reflect the company’s desire to contribute to the progress and development of the most

vulnerable communities by tending to specific needs and promoting culture.

The majority of Abengoa companies perform corporate social responsibility actions which contribute to the local rootedness of the company in the communities in which it operates. Worth noting are its permanent efforts in the senior citizen residences of San Rafael (Dos Hermanas, Seville) and La Milagrosa (San Roque, Cadiz).

Since 2005, this activity has been carried out by the People, Education and Communities programme (PE&C), whose mission is to foster the social integration of the most disadvantaged people through education. The initiatives are carried out in association with local organisations that work in humanitarian efforts, for which the Focus-Abengoa Foundation is their prime liaison and engine.

After starting its activities in Argentina, the PE&C has now spread to eight other countries. Today it is operating in Argentina, Peru, Brazil, Mexico, Chile, India, Spain, Sri Lanka and South Africa, and last two being the new additions in 2014.

Today more than 300 people work in the PE&C programme along with a group of social volunteers. We appreciate all of their dedication, enthusiasm, solidarity and engagement in the different activities they carry out, including healthcare, social and religious services, teaching and administration.

The volunteer efforts of Abengoa employees is also essential to the success of the PE&C programme. In 2014, the company’s

employees invested 3,078 hours in international volunteer work.

The most important milestones this year were the implementation of the PE&C programme in Sri Lanka and South Africa, the signing of agreements with the National University and Catholic University of Santiago del Estero in Argentina and the construction of the Cruce de Shuma chapel in Peru.

More information at: http://www.focus.abengoa.es/web/es/desarrollo/

Social Development

[G4-SO1]

Expanding horizons of cooperation

For decades, Focus-Abengoa has been committed to improving the quality of life of the most vulnerable people

85% increase planned for 2015

2014 summary

€2,082,227 in investments in 2014

Present in nine countries

31% of the Foundation’s total

budget

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The PE&C programme arrives in South Africa and Sri Lanka

In 2014, in response to Abengoa’s social action policy, the PE&C programme reached Sri Lanka and South Africa for the first time. The company has an active presence in these two countries which have important needs for social and community support and cooperation. Thus, one of the programme’s objectives has

been met: to expand its activity to the continents of Africa and Asia.

Our arrival in South Africa was a major milestone in the history of the PE&C, which is now able to carry out its social programme in an African country for the first time. Its implementation extends to the towns near the Kalahari Desert, a site where Abengoa has a large solar power plant, thus achieving the merger of the

social and environmental commitments that the company seeks.

In turn, the arrival in Sri Lanka means that the PE&C programme is now consolidated on the continent of Asia, as it has already been present in India since 2011. In Sri Lanka, its activities take place near the Abengoa offices in Colombo.

With these newly implemented programmes, the PE&C is growing and

advancing, always with the support and cooperation of both individuals and institutions, the true engines of social change.

The total investment of the PE&C in Sri Lanka and South Africa was €588,142 in 2014, a figure that is slated to double in 2015

PE&C South Africa

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Cooperation and Exchange Agreement with the National University and the Catholic University of Santiago del Estero, Argentina

Argentina was the first country where the PE&C programme got underway in 2005, in conjunction with the Santa Ángela Foundation and the Hermanas de la Cruz congregation, a religious organisation headquartered in Seville and founded by Saint Angela de la Cruz which has been working nonstop in this country for almost 38 years.

Throughout this decade, numerous projects have been successfully completed in an effort to foster equal opportunities, ensure that minorities have access to culture and promote the social integration and participation of groups at risk of exclusion.

The PE&C in Argentina has achieved maturity in its organisation and management of social projects, so in 2014 a reciprocal cooperation and exchange agreement was signed through the Santa Ángela Foundation with the National University and the Catholic University of Santiago del Estero to conduct scientific, academic, cultural and technological activities.

The goal of this agreement is to expand the reach of the PE&C’s training, theory and research, a sphere of action in which scholars from the university may put their theoretical knowledge into practice by conducting theses, research or workshops, among other academic activities. This agreement is a milestone which will enable us to keep improving our social performance while also increasing Abengoa’s sound

reputation in academia.

Since this agreement was signed, six courses and seminars were offered free of charge through the continuing education series that the PE&C offers professionals working in the programme: the Training Series by Headquarters (CiCapS) and the Community Training Series (CFC).

The goals of the PE&C include continuing to strengthen agreements with universities in the countries where Abengoa operates and working to achieve a common protocol.

Signing of the agreement with the Catholic University of Santiago del Estero

Signing the agreement allows the scope of the PE&C’s training, theory and research to

expand, a feat which may be repeated with other academic institutions

Alumnos del Bloemsmond, en Sudáfrica, asistiendo a una charla sobre energías renovables

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Construction of the Cruce de Shuma chapel, Peru

Ever since it started being implemented in Peru in 2009, the PE&C programme has been carried out in conjunction with the congregation of the Hermanas Josefinas de la Caridad in order to promote the social insertion of children at risk of social exclusion and informal education for adults, among other initiatives. Our development efforts mainly take place in the communities of Comas, Manchay, Cruce de Shuma, Jaén and Chotobamba.

In 2014, Abengoa, in conjunction with its Foundation, financed the construction of a new chapel in Cruce de Shuma, a village with 580 inhabitants located 30 minutes from the Peruvian city of Jaén. This chapel provides the community with an important gathering point and allows them to enjoy better facilities where they can hold their activities.

The construction of the chapel reflects Abengoa’s commitment to the development

and growth of the communities where it operates, as it fosters the integration of people and their access to culture. Thus, the chapel is not only a place of worship but also has a multipurpose room where workshops will be held for teen mothers. It will be used as a school for the parents of children studying elementary and primary education and as a meeting point for groups of volunteers.

The efforts of the PE&C programme in Cruce de Shuma got underway in 2012. In addition to educating children and adults, as in the school for parents, other projects are also spearheaded with the goal of promoting health and preventing illness, food security, community education for local authorities and leaders in the region, arts and crafts workshops and theatre activities.

Felipe Benjumea, President of Abengoa and its Foundation, along with Ignacio Baena, President of Abengoa Peru, at the opening ceremony of the chapel.

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Other social development activities

Spain

Even though it is the city that serves as the headquarters of both Abengoa and its Foundation, the PE&C’s activities did not reach Seville until 2013, in the

Torreblanca de los Caños neighbourhood of the city in close cooperation with the Hermanas de la Cruz. Both minors and adults benefit from the projects carried out in this neighbourhood to promote education, sports, job training and social and health protection.

The PE&C Seville also enjoys the support of schools, associations, foundations and delegations from the Town Hall.

Brazil

In conjunction with the congregation of the Hermanas del Buen Consejo, we started our activities in Brazil in 2010 at the Sant Rita de Cassia orphanage in the community of Jacarepaguá (Rio de Janeiro) and in the San Francisco de Asís day school in the community of Aracajú (Sergipe).

Attention for girls and adolescents with family problems, the victims of domestic violence or social vulnerability, as well as educational and recreational projects are just some of the activities we carry out in this country.

PE&C Seville, Spain

PE&C Brazil

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Mexico

The PE&C programme has been operating in Mexico since 2011, and it does so in partnership with the Centro Laboral México (Celamex). Most of its activities are targeted at psychological support practices, training sessions and workplace orientation, and physical and recreational activities for disabled individuals.

We also celebrate important dates with the community, including International Non-Violence Day.

Chile

Since 2012, we have been working with the Rebeca Ergas Home, a local shelter NGO which helps to improve the quality of life of the community members and strives to minimise the damage caused to women and children who have been the victims of physical or psychological violence within the family. To achieve this, we also work with the assistance of the charity institution Hogar de Cristo, from the Jesuit Order.

India

Abengoa and its Foundation, in conjunction with the Jesuit missionaries and the congregation of the Hermanas Hijas de la Cruz, provide an important sociocultural service in the tribal communities of Kotwaliya and Balwadi.

India was the first Asian site where the PE&C programme was implemented, allowing it to expand its horizons beyond Latin America.

PE&C Mexico

PE&C Chile PE&C India

26

Advancing towards a sustainable future

At Focus-Abengoa, we believe that an interest in history and culture can only be brought to full fruition when it becomes the desire for a better future. For this reason, along with our activities aimed at promoting art and education, we also focus on innovation and technology as one of the most important contributions we can make for humanity, because, after all, there will be no social progress without a sustainable future.

For over ten years, the Foundation has been contributing to disseminating scientific and educational knowledge and working with Abengoa in the challenges posed by the struggle against climate change and the development of cleaner energies. Our Forum on the Energy Transition and Climate Change has become a benchmark in promoting this debate, and currently several events are held with the participation of top-ranked national and international experts in the fields of energy, economics and science. Under the direction of Professor José Borrell, the Forum seeks to observe, analyse and discuss the process of energy transition within the context of the struggle against climate change. The dissemination of knowledge and support for research on this matter are also an opportunity to help Abengoa provide an effective response to the future challenges in the field of energy. In 2014, we launched the website of the Forum on the Energy Transition and Climate Change, a serious, up-to-date and rigorous tool which examines the day-to-day happenings in the energy transition from several different vantage points and reports on all the activities and main events underway in this field in Europe and the United States.

2014 summary

€220,338 of investment

3% of the Foundation’s total

budget

New portal of the Forum, a key tool

Focus-Abengoa has set up a web portal for the Forum on the Energy Transition and Climate Change in order to provide intellectual continuity to this initiative by expanding the dissemination of its contents online and maintaining an open dialogue on the energy transition and its effects on climate change.

Through the different tools available on the portal, complete, rigorous information on the main activities underway in the sector, both nationally and internationally, can be found, and users can search for the most important news, publications and calendar of events happening in the sector today and participate in the most important debates.

More information at: http://www.transicionenergeticaycc.org/web/es/transicion-energetica/herramientas/

40% increase in investment planned for 2015

190 people attended the opening lecture

Forum on the Energy Transition and Climate Change

27

School of the Energy Transition and Climate Change

Also under the direction of José Borrell, the School of the Energy Transition and Climate Change has managed to become one of the most important yearly events for environmentalists and experts. In its 2014 edition, and during a series of nine lectures, the School brought a dozen economists, scholars and scientists to Seville’s

Hospital de los Venerables to further explore the process of energy transition in Europe and its social benefits. The Focus-Abengoa Foundation is thus contributing to promoting the research and dissemination of different perspectives on a new, sustainable energy model, despite the fact that the crisis has taken the place of this issue on the government agendas in many countries. The speakers analysed different issues, such as policies on renewable energies, the controversy over shale gas, the regulation of Spain’s electricity market and the

impact of the crisis in Ukraine on the energy situation of Europe from the legal, technical and socio-political standpoints. For this occasion, the keynote address was delivered by Lord Nicholas Stern, the President of the Grantham Research Institute of Climate Change and the Environment, the former director of the World Bank and the author of the Stern Report on the Economics of Climate Change. This reveals the Foundation’s

steadfast commitment to research and dialogue at the highest levels. In his talk “The Future of Action on Climate Change: An Opportunity for Sustainable Growth”, Lord Stern surveyed his famous report and addressed many other issues as well. He also issued a call to action to all the regions of the planet and all economic sectors. The debate generated around the energy transition aroused a great deal of interest in the community of Seville. A total of 227 people registered to attend the keynote address, and the audiences at the different workshops held at the Hospital de los Venerables exceeded 80 people per day. More information at: http://www.focus.abengoa.es/web/en/noticias/noticia_20140528.html

As a new feature, in 2014 the Forum’s new

website began to broadcast contents by streaming, which allowed them to be watched live from anywhere in the world

Keynote address at the School of the Energy Transition and Climate Change, “The

Future of Action on Climate Change: An Opportunity for Sustainable Growth”.

“The School offers all participants and speakers a real opportunity to share

their ideas with groups of experts with extraordinary talent, outstanding training and vast knowledge.” “The new School not only studied climate change but also its close association with the most important energy-related technology issues”.

Lord Nicholas Stern

28

“Route to Paris 2015” seminar The evolution and growth of the Forum on the Energy Transition and Climate Change could also be seen in 2014 in the first seminar in the “Route to Paris

2015” series. This gathering – the first one that the Forum has held in Madrid – is part of the lecture series which the Foundation will host throughout 2015 in order to spark a debate revolving around the status of the international negotiations on the climate and the prospects of reaching an international agreement in Paris as part of COP21. By providing a venue for debate and participation for experts and anyone in the world interested in the topic and pursuing innovation solutions, the Focus-Abengoa Foundation joins other institutions which are at the vanguard of research and analysis of the consequences of climate change. The topics discussed at the workshop included the real chance of reaching an international agreement on climate change in Paris 2015 aimed at avoiding raising the planet’s temperature by 2º C; the importance of decarbonising the economy in the middle term; the need to improve the negotiation scene; and the importance of strengthening the alliance between Europe and Latin America as the key actors in a climate change agreement in 2015.

With public debate actions like this seminar, the Forum on the Energy Transition and Climate Change aims to become a veritable tribunal open to researching, explaining and comparing ideas and results

World Biofuels Conference 2014

The World Biofuels Conference, organised jointly by the Focus-Abengoa Foundation and F.O. Licht, is an annual event held at the Hospital de los Venerables which analyses the current scene in the biofuels sector and its new developments worldwide. After being held nonstop for over ten years, this event has gained ground as a necessary stop for experts in the energy sector. In 2014, the debate topics included the importance of research and the technological advances achieved to create second-generation bioethanol plants, the issue of managing solid urban waste and taking advantage of this waste to get biofuels, and the need for greater political support in order to improve the biofuels markets. Abengoa has been working for years to develop solutions that lead to a more efficient management of solid urban waste that would allow us to produce energy sustainably. Focus-Abengoa is also pursuing this objective by encouraging multidisciplinary discussion spaces through lectures and gatherings. The Foundation can claim that World Biofuels 2014, just like its previous editions, fulfilled its mission.

“The seminar helps you to understand the challenges, difficulties and opportunities posed by the energy transition in Spain and to learn more about the European and world scenarios in which it will happen. Abengoa’s efforts

in this field are clearly one of the most important contributions to the field today.” Teresa Ribera Director of Iddri (Institute for Sustainable Development and International Relations)

29

[G4-SO1]

Over the years, Focus-Abengoa’s artistic heritage has never ceased growing, and it has now multiplied thanks to wise investing. Our commitment to conserving and disseminating art reaches its utmost expression in the Foundation’s rescue of works

of art.

Several milestones worth celebrating were reached in 2014. Along with the launch of the exhibition “Nur. Light in the Art and Science of the Islamic World” at the

Dallas Art Museum in the United States, which began to be designed in 2013 and was discussed in the annual report from that year, other events were also held that have contributed to consolidating the Foundation’s international presence. These events are outlined on the forthcoming pages. We have thus fulfilled our goal of projecting ourselves into the world based on our roots.

The acquisition of important new works of art and the strategic alliances we have forged in 2014 also prepare us to head into the next few years from a position of strength. Indeed, in the forthcoming years we will be celebrating important events for the Foundation and for the history of art, and we will do this as we always have: by sharing our heritage and our passion for Sevillian Gold Age painting with society.

More information at: http://www.focus.abengoa.es/web/en/patrimonio-art/index.html

2014 summary

€1,440,101 of investment

21% of the Foundation’s

total budget

39,411 people visited the Hospital de los Venerables

Partner organisations

Spanish Association of Foundations Musical Youth Sevillian Academy of Belles-Lettres Academy of Medicine Royal Academy of Fine Arts “Saint

Elizabeth of Hungary of Seville” COTEC Foundation Princess of Asturias Foundation Archbishopric of Seville FUNDES Pro Royal Spanish Academy Foundation Project Man Association JBP Research Prize Technological Cooperation of Andalusia Valencian Foundation for Higher

Education San Rafael Foundation La Milagrosa Foundation Global Agreement Spain-India Council Foundation Spain-China Council Foundation Spain- Australia Council Foundation Princess of Girona Foundation Naval Museum Foundation Santa Ángela Foundation Loyola Andalusia Foundation Mandal Mission (Nani Singlioti &

Dadwalha)

Opening boarders

Artistic Heritage

30

Abengoa’s rescue of Saint Peter Penitent of Los Venerables by Bartolomé Esteban Murillo

In 2007, with the acquisition of Velázquez’s Saint Rufina, the Foundation embarked upon a commitment to recovering the works belonging to the history of Sevillian art. And thus was founded the Centro Velázquez, whose collection has grown since then with pieces that are an invaluable culture treasure.

In 2014, this commitment was reinforced with the rescue of Saint Peter Penitent of Los Venerables by Bartolomé E. Murillo, a painting that Abengoa purchased in order to donate it to its Foundation.

It is a piece of singular value that was painted by this Sevillian artist on commission from Justino de Neve, the founder of the Hospital de los Venerables who later donated it to the Baroque building which today serve as the headquarters of the Focus-Abengoa Foundation.

In 1810, the painting left the Hospital as part of the despoilment that occurred during the Napoleonic invasion of Spain. After more than two centuries in different collections – and in recent decades its whereabouts were unknown – a long investigation and recovery process got underway. Finally, the work was displayed for the first time in the travelling exhibition entitled “Murillo and Justino de Neve: The Art of Friendship” (2012: Museo del Prado, Focus-Abengoa Foundation and Dulwich Picture Gallery), curated by Gabriele Finaldi, Deputy Director of Conservation and Research at the Museo Nacional del Prado. During this time, it was on display at the Hospital de los Venerables.

Abengoa’s process of acquiring this work was as laborious as it was impassioned,

and it was a dream come true for Spanish art history in general and Sevillian painting in particular.

The painting is currently in the Museo Nacional del Prado, with which the Foundation has close ties, where it is being subjected to a technical study and conscientious cleaning.

“The return of Saint Peter to the city, specifically to the Hospital de los Venerables, is reason for celebration. It is the only work that belonged to Los Venerables but was in private hands. Abengoa managed to see the opportunity at hand and did not let it get away: it struggled to the end to get this painting and thus be able to return it to the site it was painted for. So we can consider it a twofold return: to Seville and to the public, who can once again see it and enjoy it.” Gabriele Finaldi Deputy Director of Conservation and Research at the Museo Nacional del Prado

Saint Peter Penitent of Los Venerables, Bartolomé E. Murillo, 1675

31

Exhibition of the Velázquez works Saint Rufina and the Immaculate Conception in Vienna and Paris

Focus-Abengoa’s commitment to our artistic heritage and its efforts to that end in

recent years is being increasingly recognised on the international circuit, which is leading to major strategic alliances.

In 2014, the Foundation temporarily loaned the Velázquez paintings Saint Rufina and the Immaculate Conception to the Kuntshistorisches Museum of Vienna, where they were exhibited as part of the “Velázquez” show held in autumn of the same

year. And this year (2015), they were in the show promoted by the Louvre Museum on display in the Grand Palais of Paris.

This is the first time that two of the Foundation’s most important paintings

temporarily left their home in Seville and joined the largest retrospective on the painter ever held in Central Europe. Along with them, such important paintings as Vulcan’s Forge from the Museo Nacional del Prado, Venus at her Mirror and the Immaculate Conception from the National Gallery of London, and The Waterseller of Seville from the Wellington Collection Apsley House in London can be seen together.

And with this the Foundation has fulfilled a twofold objective: to internationally disseminate its artistic heritage and to position Seville’s Centro de Investigación Diego Velázquez as a benchmark in the study of this universal painter. Thus, both Focus-Abengoa and its collection are now ensconced among the benchmark international exhibitions held by the great museums.

The book-catalogue published on the occasion of this show will be a contribution that will remain as a timeless testimony in the history of art. Furthermore, the organisation of a cultural milestone like this one will have direct implications on the social, cultural and economic development of the cities where it is being held.

In return, the Kuntshistorisches Museum of Vienna and the Louvre in Paris will lend the Foundation the Velázquez paintings Infanta Margarita in White Dress and Murillo’s Saint Michael the Archangel and The Grooming Child for the major exhibition devoted to the great masters that the Foundation is planning for 2016, which will also be curated by Gabriele Finaldi, Deputy Director of Conservation and Research at the Museo Nacional del Prado.

Immaculate Conception, Velázquez (1618)

Saint Rufina, Velázquez (1629-1632)

The presence of works from the Centro Velázquez in the major European museums signals the consolidation of Focus-Abengoa’s

heritage efforts, which encourages us to continue pursuing our commitment

32

Welcome of Christ Tied to the Column with Saint Peter by Pedro de Campaña and the Immaculate Conception by Francisco Pacheco

Yet the Foundation’s alliances are not only limited to the international sphere. Until

July 2015, during the months while the exhibitions are on display in Vienna and Paris, the art collection of the Centro Velázquez will be enriched with the temporary loan of Christ Tied to the Column with Saint Peter by Pedro de Campaña, one of the best paintings from Seville’s Renaissance lent by the Sacramental Archbrotherhood

of the Exaltation of Santa Catalina Church of Seville, and the Immaculate Conception by Francisco Pacheco, lent by the Archbishopric of Seville.

This is an outstanding opportunity to view two paintings which can rarely be seen, either because they are housed in the quarters of the archbishop’s palace, as

Pacheco’s work is, or because they are currently being restored in Santa Catalina

church, the source of the panel by De Campaña.

The Centro Velázquez offers a unique space of reflection and study of the painter’s

sojourn in Seville with exhibition pieces that are alternated with the goal of understanding the forerunners and influences of the young Velázquez, as well as the repercussions of his work.

Within this context, the Focus-Abengoa Foundation offers visitors a unique chance to view two masterpieces of Sevillian painting that belonged to Velázquez’s painting universe during his early years of training. The collection, which is both permanent and constantly evolving, will allow new educational activities to be developed.

The professionalism and rigor which have characterised the Foundation allows it to forge alliances and agreements that enhance its mission of disseminating art and culture, always with the nuances that distinguish its own style and in activities that combine the educational and artistic vantage points.

“Both works were rendered in the early years of Velázquez’s artistic life in Seville and therefore fit in perfectly with the works displayed at this centre, which come from this era in the great painter’s life. Velázquez studied these two artists, Pedro de Campaña and Francisco Pacheco, during the years he lived in the city.” Fernando García Gutiérrez Diocesan Cultural Heritage Delegate

Immaculate Conception by Francisco Pacheco

Christ Tied to the Column with Saint Peter by Pedro de Campaña

33

Restoration of three Murillo paintings and the altarpieces that housed them from the Hermandad de la Santa Caridad

Along with the recovery and conservation of our heritage, patronage is another of Focus-Abengoa’s commitments ever since it was founded in 1982. In 2014,

the Foundation had the opportunity to fulfil both commitments by signing a partnership agreement with the Hermandad de la Santa Caridad in which it has taken charge of financing the conservation and recovery efforts of part of the sisterhood’s artistic heritage.

The Fine Arts Faculty of the University of Seville, with which the Foundation has signed another agreement, will be in charge of undertaking the work, which includes a restoration and research project in different phases of three Murillo paintings and two of the altarpieces that house them.

The jobs will be undertaken under the exhaustive criteria that characterise actions on tangible goods: documenting and diagnosing the pieces, applying the conservation and restoration treatments they need and explaining and disseminating the results.

Focus-Abengoa’s relationship with the sisterhood is close and dates back to

2011, when the Foundation sponsored the restoration of four pieces of enormous historical-artistic value located in the church of the Hospital de la Caridad.

This time, the works included in the project are:

The Annunciation by B. E. Murillo, an oil painting on canvas located on the altarpiece of the Annunciation.

Altarpiece of the Virgin of Charity by Bernardo Simón de Pineda, oil painting on wood panel of the Christ Child by B. E. Murillo located on the upper part of the altarpiece.

Saint Joseph altarpiece by Bernardo Simón de Pineda, and an oil painting on wood panel Saint John the Baptist as a Child by B. E. Murillo located on the upper part of the altarpiece.

The Hospital de la Caridad and the Hospital de los Venerables originally shared their mission of succour, and the same artists were charged with the iconography in both sites. For this reason, the agreement also includes a joint tour plan that is simultaneously institutional, scholarly and informative, which will be an outstanding opportunity for society in general and Sevillians in particular.

Virgin of Charity altarpiece by Bernardo Simón de Pineda

The Annunciation by B.E.Murillo

34

Other heritage activities

Cataloguing the Alfonso E. Pérez Sánchez legacy

Since it reached the Foundation in 2011, the Alfonso E. Pérez Sánchez Legacy has contributed to promoting the Foundation as an institution that is committed to cultural and scientific progress while also boosting its position as a benchmark centre in research and dissemination of the Baroque.

As part of Focus-Abengoa’s commitment to the heirs of Alfonso E. Pérez Sánchez,

in 2014 the efforts to catalogue all the works in the Legacy continued, including the library, photograph library, document archive and collection of works of art.

This job, which also receives technical support from Abengoa, will not only strengthen the Foundation’s assets and multiply the number of items in the library collection by four, but in line with the philosophy driving Focus-Abengoa, it will also place the works at the service of society as a whole, especially the research community, and will make them accessible online.

This job is taking time because the degree of minuteness and specialisation it requires demand that due time be taken, but we are expecting to open the doors of the Legacy to the public, in a carefully designed space, by 2016.

More information at: http://www.focus.abengoa.es/web/en/patrimonio-art/biblioteca-barroco/legado-alfonso/index.html

235 works of art

3,600 OPAC records

30,000 bibliographic units

60,000 photography units

The Foundation is continuing its efforts to expand the channels that provide access to the Legacy, which will soon be available to the public online

Professor Alfonso E. Pérez Sánchez

Catalogue and collections of the Alfonso E. Pérez Sánchez Legacy

35

Library of the Baroque and Room of Engravings

The Library of the Baroque dates from the origin of the Foundation, whose earliest activities were aimed at assembling a library collection and a room of engravings with views of Seville. More than 30 years have gone by since then, and after the addition of the Alfonso E. Pérez Sánchez Legacy, the collection of the Library of the Baroque now stands at more than 37,000 volumes.

Over the course of these years, the number of initiatives and projects has multiplied, all of them specialising in the Baroque, allowing the library to become a benchmark centre at the service of studying and researching the Baroque. Thus, the majority of the volumes purchased in 2014 were foreign publications related to the culture of this historical and artistic period.

Focus-Abengoa’s current challenge is to digitalise and share the library’s

collections, thus fulfilling its mission of disseminating and contributing to culture. For this reason, in recent years the Foundation has managed to adapt to the new technologies and has already made some of the Library’s works

available online in the Idea Network, which depends on the Ministry of Culture of the Regional Government of Andalusia.

The next step, on which the Foundation is already working, will be to become part of the National Network of Public Libraries and other European catalogues.

The Library of the Baroque is housed in the Hospital de los Venerables, the Foundation’s headquarters, and it is organised into several different collections

which are topographically distinct:

- General Collection: The organisational base of the collections. - Sevillian-themed collection: The core of the library, with 6,000 volumes

from the 19th to 21st centuries. - Library of the Baroque of the Centro Velázquez: A specialised collection

meant for research. - Room of Engravings: A collection of around 300 engravings from the 16th

to 20th centuries. - Alfonso E. Pérez-Sánchez Legacy: The legacy including the library, the

photograph library and the document archive. - Old Books and Manuscript Collection: 400 printed books from the 16th

to 19th centuries related to the history and art of Seville.

After more than three decades, the Library is now a benchmark at the service of studying and researching the Baroque, and today it is accessible to everyone via the Idea Network

(Network of Specialised Documentation Centres and Libraries of Andalusia).

“Inventory of the Royal Praise of the Royal Chapel of Our Lady of the Kings and San Fernando, 1758”

36

Focus-Abengoa’s musical activities

The Focus-Abengoa Foundation’s musical activities, designed around the great

Grenzing organ in the church of the Hospital de los Venerables, take place in a variety of ways, including master concerts and recitals to promote young organists, didactic recitals, courses, recordings, radio broadcasts and encounters of organists. The organ was officially unveiled in 1991, three years after it was built by the German organ-builder Gerard Grenzing, and it is extremely important for the Foundation, since it allows us to share the best versions of European compositions from the Renaissance and Baroque performed by illustrious organists from all over the world with both Sevillians and all music lovers.

The Foundation’s tenured organist is Father José Enrique Ayarra, who is also the

tenured organist at the cathedral of Seville.

More information at: http://www.focus.abengoa.es/web/en/patrimonio-art/organo-

barroco/index.html

“We can claim that the Foundation’s organ activities perfectly follow the line

set by Javier Benjumea Puigcerver when shaping and defining our objectives and including the art of music into its cultural activities to the benefit of Seville.” “It is supremely satisfying to be able to enjoy an instrument of peerless quality

when performing the European music from the Baroque and offer Sevillians the chance to get to know and become familiar with exceptional music performed on a unique instrument.” José Enrique Ayarra Tenured organist of the Foundation and the cathedral of Seville

Organ of the church of the Hospital de los Venerables, headquarters of the Focus-Abengoa Foundation

37

Didactic organ recitals

For over 18 years, Father Ayarra has been bringing Baroque music to the schoolchildren of the city of Seville and its province through recitals which seamlessly combine theory and practice.

The students, most of them in compulsory secondary education, learn first-hand how such a complex and unknown instrument works and then have the chance to listen as works befitting their musical level are performed live.

Organ recital series to promote young organists

The people of Seville warmly welcome this annual three-concert series, which offers organists who have finished their studies in Spanish conservatories the chance to make a name as concert organists. The Foundation thus strives to spread organ music, create a fondness for it, inspire possible students and open up new possibilities for the most prominent organists. The concerts are broadcast by RNE-Radio Clásica, which allows these talented young artists to become known and gives their music careers a major impetus.

Master organ course

This course is targeted at Spanish organists who want to further their studies with the great European organ masters. The goal is to contribute to more well-rounded, meticulous training for those musicians who aim to fine-tune their organ knowledge or decide to devote their musical life to this great instrument.

In 2014, Professor Theo Jellema, a renowned expert in the Baroque music of the Netherlands and Professor of Organ at the Higher Conservatory of Groningen (Holland), directed the course entitled “The Flemish Baroque

School and its Influence in Europe”.

Master concert series

Over the course of three days, this concert series, targeted at the public at large, brings some of the top organists in the world today to the church of the Hospital de los Venerables. In 2014, under the title of “The Organ: Bond between Cultures”,

audiences were treated to performances by the Dutch Professor Theo Jellema, the Japanese Mari Mihara and the German Ullrich Böhme, the latter the tenured organist at the emblematic St. Thomas Church in Leipzig.

.

“The organ tribunal at Los Venerables has become a benchmark for

many national institutions and one of the most appealing organ tribunals to performers.” “Only the new organ of Los Venerables allows us to enjoy the extraordinarily rich Baroque repertoire bequeathed to us by the most important organ schools in Europe under optimal conditions.” José Enrique Ayarra Tenured organist of the Foundation and the cathedral of Seville

Students and teachers during a didactic recital at the church of the Hospital de los Venerables

38

[G4-SO1]

Another of the activities that helps to turn the Focus-Abengoa Foundation into a worldwide benchmark in studying the Baroque period is its annual hosting of the School of the Baroque, organised in conjunction with Loyola University of Andalusia. In 2014, the Hospital de los Venerables welcomed the twelfth edition of this consolidated event. Just like the Foundation’s other activities, the School of the Baroque is open to

the general public, which gives it a twofold dimension, both universal and social. In 2014, under the title of “Enterprises and Entrepreneurs in the Times of the

Baroque”, an innovative version – in line with the most recent historiography and economics literature – was provided of the role played by enterprises and entrepreneurs in what is considered the “first globalisation” of markets, as well

as the relationship that these economic agents had with the artistic heritage and market under the principles of European capitalism from the 17th and 18th centuries. The School was directed by Antonio-Miguel Bernal Rodriguez, the Spanish National History Prize winner in 2006, and students from the different branches of Loyola University of Andalusia participated for the first time.

More information at: http://www.focus.abengoa.es/web/en/escuela-barroco/index.html

“For the Foundation, the School is a window open to international

relations through the presence of scholars and experts in the world of the Baroque from several dozen universities, research centres, museums, libraries and archives from over 20 countries in Europe and the Americas.” Antonio-Miguel Bernal Spanish National History Prize winner and Director of the School of the Baroque

Creating a referent for the world

School of the Baroque

€32,200 in investment

2% of the Foundation’s

total investment

More than 130 students registered, including 50 students from the international branches of Loyola University

2014 summary

11 students on scholarship

39

Enterprises and Entrepreneurs in the Times of the Baroque

In its 11th edition, the goal of the School of the Baroque was to use multidisciplinary criteria to analyse the interrelation established in the Baroque – in both Spain and Europe – between business innovation and modernisation and artistic creation through the investment activities of business profits and patronage activities.

It was also a chance to analyse the new economic paradigms on wealth, money and business ethics under the new Baroque postulates of the Jesuits and Calvinists. What is more, the School also analysed the demand in the art market from those new economic agents (enterprises and entrepreneurs) who laid the groundwork for a secular way of doing things common to business owners, merchants and bankers, in the world of patronage, collecting and patrimony. The School welcomed the participation of experts from all over the world, including Christopher McKenna from the Said Business School, Oxford University; Amedeo Lepore from the University of Naples; Alexander Evers from the John Felice Rome Center, Rome; and Scott Hendrickson, from Loyola University Chicago.

“The economy was one of the decisive factors, and without it, it would be impossible to understand the Baroque period in Europe and the Americas. This is because the Baroque dovetailed in time with the peak of the first wave of globalisation and with the shaping of an economy sustained on the principles of modern capitalism. The artistic heritage took on its role as an asset, the way it is valued today.” Antonio-Miguel Bernal

Spanish National History Prize winner and Director of the School of the Baroque

The School of the Baroque could be watched live on the Foundation’s website. The use of

the new technologies contributes to our goal of achieving greater dissemination of the culture and activities we offer at Focus-Abengoa

40

[G4-SO1]

Focus-Abengoa believes that education is one of the basic factors in the growth of societies and peoples, so it is also a cornerstone of its activities. The vast majority of projects designed by the Foundation have an educational purpose, and both its zeal to protect art and history and its research mission and its social actions have the goal of disseminating and building a culture that can be projected out to society as a whole.

What is more, in 2014 Focus-Abengoa’s educational activities furthered the

Foundation’s mission of openness, taking a step forward in this mission as it expanded its range of actions in both its network of volunteers and in how these volunteers participate in its projects.

The Foundation’s special Christmas activities were joined by other extraordinary

activities, such as its celebration of White Night, where visitors were able to get a glimpse of the spaces in the Hospital de los Venerables never before seen by the public, like the interior of the organ and the lookout point on the roof terrace.

Likewise, we continued our activities at the Focus-Abengoa Campus, a consolidated educational space which along with the permanent exhibition “From Earth to Sun”,

explains the paradigms of the rural landscapes where our archaeological heritage and the new technologies converge. Plus, this year, open houses were held there for all audiences.

More information at: http://www.focus.abengoa.es/web/en/educacion/index.html

* The investment figure includes the contribution from the Loyola Foundation.

View from the roof terrace of the Hospital de los Venerables

Building networks of partnerships

€1,808,368 in investment*

2014 summary

28% of the Foundation’s total

budget

1200 visitors to the Hospital de los Venerables on White Night

57 participants in the Network of Volunteers

20% budget increase planned for 2015

Education Education

41

In 2014 we opened our doors even more…

The Foundation hosted White Night for the first time and welcomed 1,200 visitors.

The first open house was held in the Sanlúcar la Mayor campus Extraordinary Christmas activities were held The First Educational Orientation Course for Compulsory

Secondary Education and Baccalaureate Teachers was held

With the goal of…

Sharing the Foundations’ art and culture with society as a whole

Partner organisations in the Foundation’s educational activities

Francisco de Vitoria University Camilo José Cela University Business School San Pablo University CEU Pontificia de Comillas University Antonio de Nebrija University Garrigues Study Centre ONCE Foundation University of Sevilla ETEA Loyola EOI San Telmo Cajasol Study Institute Chamber of Commerce of Seville University of Córdoba Albaydar Professional School ESIC Marcelo Spínola University of Jaén Pablo de Olavide University International University of La Rioja University of Santiago de Compostela (Master’s in Chemical

Engineering) University of the Basque Country Autonomous University of Madrid University of Granada Mexico: UNAM- Iberoamerican University Chile: Catholic University of the North, Pontifical Catholic

University of Chile, Federico Santa María Technical University, University of Bio Bio

Greece: Department of Food, Science and Human Nutrition at the Agricultural University of Athens

Netherlands: Zadkine Procestechniek

More information on White Night at: http://www.focus.abengoa.es/web/en/educacion/actividades-extraordinarias/historico/2014_2015/noche-en-blanco/index.html

42

Network of Volunteers

In 2014, the Focus-Abengoa Foundation’s Network of Volunteers got underway to

replace the previous Volunteer Programme, in order to even further integrate everyone who wants to partner with any of the Foundation’s activities in a

disinterested way.

Until then, the programme had offered its participants the chance to act as guides in the different kinds of cultural tours held at the Hospital de los Venerables. However, the Network of Volunteers has expanded its scope of action and offers participants the chance to learn first-hand about and participate in every single activity held at a foundation like Focus-Abengoa, both in the field of education and in art, music, heritage or research.

The network is still open to university students and senior citizens, but it also welcomes anyone who identifies with Focus-Abengoa’s mission and values and

wishes to share their skills, enthusiasm and time to promote and disseminate the value of the Foundation’s artistic and cultural heritage, as well as participate in its

social actions. Their help will allow the Foundation to continue expanding its activities.

The Network of Volunteers provides the participants with all the materials they need for the activities they are going to lead, and it offers them a course on preventing workplace risks in conjunction with Abengoa’s Department of

Workplace Risks. What is more, all its volunteers are covered with medical insurance to guarantee their wellbeing.

More information at: http://www.focus.abengoa.es/web/en/educacion/voluntariado/voluntariado-cultural.html

Inés Maria Berajano Ortiz

Young cultural volunteer

Mayte del Álamo

Senior volunteer

“The experience gave me more knowledge as well as a great deal of satisfaction, especially when I saw the smiles as visitors said good-bye, promising to come back and knowing that our work fulfilled their expectations: teaching, cultivating and having fun.”

“Participating in the Network of Volunteers means not only working in educational activities but also developing your communication skills and creating a network of contacts that might help you in the future, both professionally and personally. It is an instructive, fruitful experience.”

43

Focus-Abengoa Campus educational programme

The Focus-Abengoa Campus was founded in 2011 in order to promote a meeting point devoted to research and education on history and the landscape, archaeology, technology and the environment. It is located next to the Guadiamar Green Corridor in Sanlúcar la Mayor (Seville), and its headquarters is the Casa Quemada estate, the home to a permanent exhibition on the relationship among the different heritage features in the region – both historical and environmental – and the changes in the landscape throughout history.

The visit also includes the screening room, where the documentary “From

Earth to Sun” is shown. This film focuses on the construction of the local

landscapes and the importance of clean energies. The activity finishes with a bus tour around the surrounding landscapes which allows visitors to see their characteristics and Abengoa’s different solar plants. The goal is to raise our sights to the environment around us, focusing on the different values it offers us. The activities are especially targeted at both groups of schoolchildren and the public at large.

With this kind of action, the Foundation has secured partnership ties with professors and the educational institutions they represent, who can include a tour of the Focus-Abengoa Campus into their curricula and extracurricular activities.

Other educational activities

Educational tours of the Library of the Baroque

These tours are free of charge and are targeted at baccalaureate students who are awaiting to begin their university studies. The purpose is for them to become familiar with the way a library– such as the Library of the Baroque – works, to learn how to handle library codes and to see the collection first-hand.

Guided tours

This kind of visit offers a tour through the permanent collection of the Centro Velázquez and the courtyard and church of the Hospital de los Venerables. Young visitors find out how to look, analyse and learn about works of art, as well as getting an introduction to critical thinking, while adults can learn more about the Baroque period and what it meant to Seville.

Workshop-tours of the Hospital de los Venerables

These visits include a tour around the Hospital de los Venerables building using a map with clues to guide participants. Along this route, the schoolchildren learn how the different spaces are used and how they function, as well as their technical, cultural, social, historical and artistic interest.

Christmas and Andalusia Day activities

Targeted at different groups (youth, families, children and adults), these activities are held in both the Hospital de los Venerables and the Focus-Abengoa Campus in Sanlúcar la Mayor, and they involve different kinds of tours and workshops aimed at sharing art with society as a whole.

Educational notebooks for students and teachers

44

[G4-SO1]

Ever since the start of its activity, and as part of its mission, the Focus-Abengoa Foundation has paid special attention to supporting talent by promoting education, aid for research and recognition of activities related to these fields. With this purpose in mind, every year it earmarks part of its budget to its programme of prizes and aid.

More information at: http://www.focus.abengoa.es/web/en/premios-ayudas/index.html

Javier Benjumea Puigcerver Research Prize Endowed with a purse of 18,000 euros, a diploma certifying the prize and the publication of the winning research, this prize aims to recognise the research efforts of PhDs, university Bachelor’s degree graduates and diploma holders associated with the University of Seville who participate in projects that can meet the research and development needs of companies and organisations. The prize was created in 2003 with the goal of honouring, explaining and perpetuating the memory of our founder, Javier Benjumea Puigcerver, whom the University of Seville awarded the degree of doctor honoris causa.

“This kind of prize and patronage activity promotes research

and achieves greater cohesion among the teaching and assistance groups, promoting cross-national research which allows concepts and discoveries obtained in basic research to be applied.” Manuel Romero Winner of the 9th Javier Benjumea Puigcerver Research Prize

Recognising talent

€276,300 spent on helping different foundations and associations

54 % budget increase planned for 2015

€630,984 of investment in 2014

9% of the Foundation’s total

budget

2014 summary

€66.100 granted only as prizes

Prizes and aid

45

In its 9th edition, the jury recognised the efforts of Manuel Romero, Professor at the University of Seville and Director of the Medical-Surgical Clinical Unit for Digestive Diseases at the Valme University Hospital in Seville, for the important scientific value of his study DEMELI: Detecting hepatic lesions with metabolic origins using optical analysis with resonance images and for his international research career.

Prize for Best Doctoral Thesis on a Sevillian Theme

Established in 1983, this prize is extremely prestigious, as it has grown and gained ground over more than three decades. It comes with a purse of 3,000 euros and includes the publication of the winning thesis if the Board decides to, in order to achieve greater dissemination and social recognition. In 2014, the winning thesis was “Landscape and Plein-air Painting in Andalusia: 1800-1936. Cultural Processes and Global Corpus” by the painter and art historian

Juan Fernández Lacomba. This study examines 19th century Seville as a prime focal point of painting in Andalusia.

“With this prize, the Focus-Abengoa Foundation offers real support and enormous prestige. It is a true tradition in its interest in encouraging studies on Sevillian themes.” Juan Fernández Lacomba Winner of the Best Doctoral Thesis on a Sevillian Theme

46

2014 Focus-Abengoa International Painting Prize

For 31 years, the Focus-Abengoa International Painting Prize has been one of the most famous awards in the field of the arts in both Europe and the Americas. This prize contributes to generating an exchange of artistic experiences beyond our borders and demonstrates the Foundation’s

commitment to contemporary art and the concerns of its creators. In 2014, 477 works were submitted, 134 of them from artists outside of Spain. The prize comes with a purse of 36,000 euros, 24,000 of which are for the winner and the remaining 12,000 for two honourable mentions of 6,000 euros each.

In this year’s edition, the prize went to the work Little Nemo in Secoland by Óscar Seco, an artist from Madrid. The two honourable mentions went to Helí García for the work Still Life with Tree (Paysage de Saint-Martin), and Koldo Etxebarria Etxebarria for the work Beauty beyond Forms. The works by all three prize winners will become part of the Focus-Abengoa’s collection

of painting, sculpture and graphic works.

Alfonso E. Pérez Sánchez Baroque Art International Prize

This research prize was instituted in 2009 with the goal of honouring, explaining and perpetuating the memory of this exceptional art historian on the Spanish and Italian Baroque, who was also a university professor, director of the Museo Nacional del Prado and artistic advisor to the Focus-Abengoa Foundation. This prize is held every two years, and its current goal is to promote research projects into Spanish Baroque art and its relations with Europe and the Americas. The Foundation will sponsor the fifth edition of this prize in 2015; the call for participation will be issued in spring and the deadline to submit projects will fall on the 30th of September.

In 2014, Marcial Pons publishing house issued the study that won the 4th edition of the prize: Art and Science in Baroque Spain: Natural History, Collecting and Visual Culture by José Ramón Marcaida López. This book received positive reviews from the critics, given its innovative and ambitious interdisciplinary perspective and its notable erudition, which stems from the assimilation of multiple, heterogeneous sources from both the history of science and the history of art.

“It is an honour to receive the International Painting Prize. The Focus-Abengoa Foundation is one of the institutions with the strongest commitment to culture today, and not just in art.” Óscar Seco Winner of the 2014 International Painting Prize

“The prize entails recognition of the value of interdisciplinary research,

given that in my case, the Focus-Abengoa Foundation supported a study that examines the intersections between different disciplines, especially the history of art and the history of science.” “This prize is a major impetus to my career, and it is going to allow me to

keep developing projects and research. I am going to invest the prize money in further my research.” José Ramón Marcaida López Winner of the 4th Alfonso E. Pérez Sánchez International Prize

47

The Foundation also responds to Abengoa’s concern with its employees and offers them a series of benefits that foster efficiency, commitment and team identification with the corporate mission.

In 2014, Focus-Abengoa continued designing and carrying out sociocultural activities for Abengoa employees, and along with the rise in the number of prizes awarded, it also expanded the possibilities for corporate volunteerism.

The benefits of this volunteer programme are tangible not only for the beneficiaries of the activities but also for the volunteers and the company, which sees how its employees identify with its projects and are enriched by these experiences.

More information at: http://www.focus.abengoa.es/web/en/empleados-abengoa/index.html

Abengoa Employees

2014 summary

€410,754 in investment

50 beneficiaries

6% of the Foundation’s total

budget

Helping to build a team In 2014, the Foundation awarded a total of 50 prizes to Abengoa employees.

20 Professional Advancement Prizes 7 prizes to finance university studies 5 prizes to pursue further education for students from 5-year university diploma courses of vocational education 5 prizes for compulsory secondary education 4 prizes for baccalaureate 4 prizes to help the winners study foreign languages abroad in summer courses 3 prizes to pursue further education for students in post-secondary vocational training 1 prize to pursue further education for a student in secondary vocational training 1 prize for research aid

48

Socially Conscious Vacation Programme

Through this kind of personal, direct voluntarism, Abengoa offers its employees the chance to support the organisation’s social projects first-hand, as well as to collaborate on the ground in the development of the communities where these activities are held.

The focus of this programme is twofold: first to offer employees an enriching experience, and secondly to allow the social projects to be strengthened with the help of the volunteers who want to participate.

The employees may ask the company to spend their vacation time in Abengoa’s

cooperation efforts carried out through its PE&C programme in different places around the world.

In Brazil, through the volunteer efforts in the Santa Rita de Casia orphanage, the Foundation provided its support to schoolchildren as they learned foreign languages and did reading activities and crafts workshops, as well as theatre, dance and physical education activities.

In India, the Foundation carried out volunteer activities in daycare centres and hostels around the region. The programme offers support for activities organised for children, help in the dining hall, food and medicine distribution among mothers of babies and pregnant women, and nutrition, educational and computer programmes.

Finally, in Peru, through its programme in the senior citizen home and the parish, the Foundation supports physical therapy activities and crafts and cooking workshops, in addition to helping to tend to the vegetable gardens.

“I would stress the struggle and effort of all the partners in the programme

to improve the social situation of the children in the region where the branch is located. It was an unforgettable experience. I feel like solidarity and the fight for a better world are enriching and extraordinarily gratifying.” Macarena Volunteer

Volunteers in the Socially Conscious Vacation Programme in India

49

Other activities targeted at Abengoa employees

Abengoa University

One particular source of satisfaction for the Foundation is having contributed to the goals of personal and professional betterment of Focus-Abengoa Abengoa’s

employees for over five years. To do this, we have forged relationships with prestigious educational institutions, such as the Loyola Leadership School, our partner in training activities and one of the top training schools in the world.

For the professionals in our parent company, Abengoa University means the chance to reinforce their skills and strategic capacities at the top universities in the world and through the company’s own managers. A variety of specialisation programmes are offered. As examples, we could cite the Abengoa Management Communication Programme, Managerial Skills, Technology Management, Industrial Management, Abengoa Construction Foreman Programme and the Abengoa Project Management Programme, among others.

These programmes seek to strengthen strategic capacities yet also to generate internal relations and connections among the different business areas.

25 years with Abengoa

Just like every year, the Focus-Abengoa Foundation holds a moving ceremony for all employees to celebrate their 25 years serving the company. In this way, the Foundation aims to contribute to recognising the effort and dedication of Abengoa employees.

Programa Vuela (“Fly” Programme)

The Programa Vuela (“Fly” Programme) offers the children of Abengoa employees

the chance to do practices in the company through educational grants abroad lasting one or two months.

This programme provides real work experience along with greater knowledge of the company in which their parents work. It also contributes to the cultural and personal enrichment of the beneficiaries, since the activity must be done in a foreign country other than the one where the awardee is studying.

The grants are given for room and board in the host country with an amount of between 1,000 and 2,000 euros.

“Socially Conscious Vacations give you the chance to experience a reality that is out there first-hand, and you truly become a part of it.” María del Mar Volunteer

50

Cómo lo hacemos

Other benefits for employees

Along with all the aforementioned benefits, employees may also enjoy free tours of the Hospital de los Venerables, its permanent collection at the Centro Velázquez and its temporary exhibitions. Plus, they can also enjoy discounts at the organ concerts and on publications and items in the Foundation’s shop.

Likewise, numerous educational activities are held for Abengoa employees in its Campus on the Casa Quemada estate.

How we do it

51

[G4- DMA]

The activities presented in this document would not be possible without a capable, committed team. The Foundation’s Board, President and advisors are an invaluable complement to the efforts of our professionals.

The different projects we undertake require a multidisciplinary team of professionals who must adopt the Foundation’s mission as their own. We want

all our employees to work in a pleasant environment which they can balance with their personal lives, and with guarantees of professional development. For this reason, we provide them with the tools they need that contribute to empowering them to perform their jobs in a satisfactory way. The policy in this regard does not distinguish between categories or groups of employees or technicians.

In order to detect the areas of improvement in the organisation, we evaluate our employees’ degree of satisfaction through the Workplace Climate Survey. The

Foundation’s General Manager also leaves her door open to any suggestion that

could improve the working atmosphere.

[G4-LA4; G4-11]

Focus-Abengoa employees are covered by a collective bargaining agreement which ensures that they will receive any information they need on any organisational or structural change at least 30 days in advance.

In a complementary fashion, and with the goal of spearheading the development of our sociocultural actions wherever we are present, the Foundation also enjoys the help of an extensive international network of partners. In 2014, no new staff was hired, but five temporary grantees were taken on who can earn ECTS credits towards their university degrees. [G4-10, G4-LA1, G4-LA3, G4-LA12]

Our team thus has a total of 14 professionals with an average age of 42: six of them have permanent contracts and eight of them are temporary. They all work in the Hospital de los Venerables. Eleven of our employees are female (79%) and three are male.

No staff members were dismissed in 2014, and there was one paternity leave, a right established in the Foundation. Maternity leave, in turn, can be accumulated with the stipulated nursing hours allowed.

2014 summary

In 2014, the job absenteeism rate was 2%

29 hours of training for each Foundation employee

Our team

A diverse staff made up of 11 females and 3 males.

52

Development and care of the team [G4- DMA] [G4-LA11]

All of our employees are evaluated and compensated for their performance according to their professional category and experience, and regardless of their sex. The process is carried out using the same evaluation system that Abengoa uses. [G4-LA2]

All Focus-Abengoa employees also have social perks that go beyond the minimums established by law, such as access to medical services and favourable economic conditions for life and accident insurance, as well as the opportunity to enjoy the summer residence in La Antilla. Furthermore, with the goal of building stable work environment, we apply measures that help workers balance their professional and personal lives. Thus, our social assistance measures for employees include improvements in flexible work hours and online access to facilitate mobility and remote work. Through our Human Resources Department, the Foundation also has a social fund to help its employees in case of need. [G4-54 G4-55]

At Focus-Abengoa, we have a remuneration plan that is coherent with the required competences of the jobs and the people appointed to perform them.

The highest salary is earned by the General Manager, who is also the only person with variable pay linked to attainment of the Foundation’s objectives. In 2014,

the relationship between the salary of the General Manager and the other employees was 4.57 to 1. However, while the General Manager’s salary did not change in 2014, the average salary of the other employees rose by 0.99%.

[G4-DMA] [G4-LA9; G4-LA10]

Training also plays a key role in the professional development of the Foundation’s

employees. In 2014, a total of 29 hours of training was offered per employee in order to help them develop their professional competences and develop skills that can enrich their profile for their professional future.

Safety and health [G4-LA5] Focus-Abengoa is supported by Abengoa’s Joint Prevention Service. This service has the cooperation of both the company management and other stakeholders and its goal is to monitor matters related to preventing workplace risks on a quarterly basis and to benefit from any training programmes and activities in these fields.

Internally, Focus-Abengoa has a system to record and communicate accidents which is implemented by a specialist in preventing workplace risks from Abengoa, as well as the administrative staff member from the corresponding insurance company. These incidents are recorded at the Comprehensive Human Resources Management Company (GIRH), which immediately reports it to the insurance company through the Plan Delta’s electronic system.

The Foundation also offers each employee training on safety and health matters depending on the assessment of the risks involved in their job.

[G4-LA6]

In 2014, the job absenteeism rate at the Foundation was 2%, no accidents occurred and only common illnesses were reported.

53

Efficiency and responsibility in management

[G4- DMA] We can report that in 2014 the Focus-Abengoa Foundation met its goals, namely to effect social development and cultural promotion. This was accomplished thanks to the rigour we apply to managing our economic resources, a crucial consideration in the entire organisation of non-profit institutions like ours. Thus, the Foundation had positive economic results in financial year 2014. This economic status fosters good relations with our 166 most common suppliers, who provide the essential support services needed, including energy, water, safety, cleaning, courier services, landscaping, facilities maintenance, etc. The total cost of these expenses was 1,976,120.45 euros.

2013 2014 Net business turnover 156,312.40 220,232.40 Supplies (167,986.36) -- Other operating income 6,290,367.18 6,566,472.55 Personnel expenses (707,869.79) (470,969.66) Other operating expenses (5,242,812.69) (6,053,196.52) Depreciation of fixed assets (151,829.76) (165,099.64) Other results 10,785.03 202.19 Operating results 186,966.01 97,641.37 Financial results 8,994.71 (39,310.70) Results of financial year 195,960.72 58,330.67

[G4-EC1]

Balance 2014

€6,780,898 in total investment in the Foundation’s

different activities

28% increase planned for 2015

5.7% increase in investment compared to 2013

Economic performance

54

Indirect economic impact of our activity [G4- DMA]

At Focus-Abengoa, we carry out our programmes of educational and cultural activities with the goal of contributing to the economic and social development of the communities where we operate.

The social repercussions of the PE&C (People, Education and Communities) programme not only leads to greater wellbeing and quality of life for the beneficiaries but also generates an indirect positive impact on society as a whole by contributing to its progress.

[G4-EC7, G4-EC8]

The success of the Foundation’s social programmes also help to forge strong

bonds with the local communities where Abengoa operates.

The cultural, education and heritage programmes generate an indirect economic impact as well. The contributions aimed at promoting research contribute to the advancement of ideas and to generating answers that will help to build a better world. The art exhibitions, as confirmed by a socioeconomic impact study performed in 2012, also contribute to activating the economy in the area where they are held, as the nearby establishments benefit from a higher influx of customers.

55

About this report

[G4-20, G4-23, G4-28, G4-29, G4-30, G4-31, G4-32]

Yet another year, the Focus-Abengoa Foundation is publishing its annual report, which takes stock of the sociocultural activities conducted in 2014. The desire to conserve, promote and disseminate culture, both in its artistic manifestations and through its social cooperation and training activities, is still the engine that drives the Foundation. Our sociocultural commitment is especially important in the city of Seville, the site of our headquarters, although in the remaining communities where Abengoa operates as well.

To develop this report, we have borne in mind the guidelines established by the G4 guide of the Global Reporting Initiative (GRI) in the exhaustive option, which defines the quality of the report and offers balanced, comparable, precise, periodic, clear and reliable information. This report also describes the consultation processes conducted with the stakeholders and how the materiality of the matters contained in this report was determined, always bearing in mind the current context in which the Foundation operates. Through its Content Index Service, the GRI has confirmed that the list of contents is precise and in alignment with GRI’s

G4-32 Management Approach.

[G4-13]

Just as in recent years, regarding the scope of the report, it encompasses all the activities conducted by the Focus-Abengoa Foundation in all the regions where it operates, unless stated otherwise.

Materiality analysis

[G4-17, G4-18, G4-19, G4-22]

In 2013, the Focus-Abengoa Foundation conducted an in-depth study of the sector of non-profit organisations as part of its process of determining materiality. This analysis enabled us to identify the important aspects for the GRI’s G4 guide, as well as other aspects that are not defined in that guide common to non-governmental organisations. Thanks to this analysis, the Foundation established a more accurate definition of its priorities and the social mission of its actions.3 In 2014, the materiality study conducted in 2013 was updated bearing the following factors in mind:

The sectoral supplement of the Global Reporting Initiative for developing the annual reports of non-profit organisations

The Draft Law on Spanish Foundations, which was approved in the Council of Ministers on the 29th of August 2014

The assessments of the relevant matters and their importance to the Focus-Abengoa Foundation

The materiality study conducted by Abengoa for its 2014 Corporate Responsibility Report

Despite their minor variations, these considerations corroborated the importance of the matters defined in the 2013 analysis and confirmed that governance, informational transparency, ethics and integrity are still the main matters to be taken into account. The graph shown below not only reflects the Foundation’s reality but also captures

the main trends, expectations and recommendations for non-profit organisations.

3 The process carried out to define the material matters can be checked in the materiality study published in the Foundation’s 2013 Annual Report.

Appendix I

We appreciate your opinion on our new way of reporting.

You can contact us at this email: focus@abengoa.com

For more information: http://www.focus.abengoa.es/web/en/index.html

56

The size of the circles represents the average of the relevance of the assessments performed during the study to the motivators and to the Focus-Abengoa Foundation.

The meaning of these matters to the Foundation can be checked in the materiality study published in the 2013 Annual Report.

57

[G4-12]

Value Chain

Focus-Abengoa’s activities take place in the three phases into which the

Foundation’s value chain is divided.

[G4-20, G4-21]

The materiality analysis performed by the Foundation bears in mind the relevance of the impact within the links of the chain and its coverage within the value chain, as long as that impact takes place within the Foundation or affects one or several of its specific stakeholders.

Value chain Order of materiality

Relevant factors Fund-raising

Planning Contribution

Impact inside or outside the organisation by stakeholder

Chapter where the matter is reported

25.8 % Governance ICG X X X Abengoa, employees Governance and transparency

15.8 % Informational transparency NA X X X Beneficiaries, society, education and research, media

Governance and transparency

9.1 % Ethics and integrity ICG X X X Abengoa, employees beneficiaries, suppliers, partners

Governance and transparency

7.1 % Economic performance EC X X X Abengoa, beneficiaries How we do it 7.2 % Employment LA X X Abengoa, employees How we do it 5.6 % Safety and health LA X Employees How we do it

4.7 % Diversity and equal opportunities

LA X X Employees, society How we do it

4.6 % Local communities SO X X X Beneficiaries, society Our activities

4.5 % Fight against corruption SO X X X Abengoa, society Governance and transparency

3.9 % Stakeholder participation ICG X X X All stakeholders Governance and transparency

3.6 % Innovation NA X X X Abengoa, beneficiaries, employees, education and research

Our activities

3.0 % Indirect economic consequences

EC X Beneficiaries, society Our activities

Abengoa is the Foundation’s

only patron. The functions and activities related to its financing are framed within this phase.

Fund-raising Planning Contribution

This includes internal functions, like the strategy and the prioritisation of objectives, as well as the design and planning of the Foundation’s activities.

This includes fulfilment of the Foundation’s sociocultural

mission, that is, the execution of the activities conducted in the Foundation and later monitoring them.

58

The table below identifies the chapters and pages from the Focus-Abengoa Foundation’s 2014 Annual Report where the basic contents established by the Global Reporting Initiative (GRI, version G4) are found.

MANAGEMENT APPROACH

Information on the management approach and indicators

Page number (or link) Identified Omission(s)

Reason(s) for Omission(s)

Explanation for Omission(s)

External Assurance

STRATEGY AND ANALYSIS

G4-1 p. 4 No

G4-2 p. 4 No ORGANIZATIONAL PROGRAM

G4-3 p. 7 No

G4-4 p. 9 No

G4-5 p. 7 No

G4-6 p. 11 No

G4-7 p. 7 No

G4-8 p. 11 No

G4-9 p. 7 No

G4-10 p. 51 No

G4-11 P. 51 No

Appendix II – Table of GRI Contents

59

G4-12 p. 57 No

G4-13 p. 55 No

G4-14 p. 14 No

G4-15 p. 7 No

G4-16 p. 7 No ECONOMIC PERFORMANCE

G4-17 p. 55 No

G4-18 p. 55 No

G4-19 p. 56 No

G4-20 pp. 57, 55 No

G4-21 p. 57 No

G4-22 p. 55 No

G4-23 p. 55 No STAKEHOLDER ENGAGEMENT

G4-24 p. 17 No

G4-25 p. 17 No

G4-26 p. 17 No

G4-27 p. 17 No REPORT PROFILE

G4-28 P. 55 No

G4-29 P. 55 No

G4-30 P. 55 No

G4-31 P. 55 No

G4-32 P. 55 No

G4-33

The Focus-Abengoa Foundation has not verified its 2014 Annual Report No

GOVERNANCE

G4-34 p. 14

No

60

G4-35 p. 14 No

G4-36 p. 14 No

G4-37 pp. 14, 17 No

G4-38 p. 14 No

G4-39 p. 14 No

G4-40 p. 15 No

G4-41 p. 16 No

G4-42 p. 14 No

G4-43 p. 14 No

G4-44 p. 14 No

G4-45 p. 14 No

G4-46 p. 14 No

G4-47 p. 14 No

G4-48

p. 14 No

G4-49

p. 14 No

G4-50

p. 14 No

G4-51 p. 15 No

G4-52 p. 15 No

G4-53 p. 15 No

G4-54 p. 52 No

G4-55 p. 52 No ETHICS AND INTEGRITY

G4-56 P. 16

No

G4-57 P. 16 No G4-58 P. 16 No

SPECIFIC STANDARD DISCLOSURES

61

Information on the management approach and indicators

Page number Identified Omission(s)

Reason(s) Omission(s)

Explanation for Omission(s)

External Assurance

CATEGORY: ECONOMIC

Material Aspect: Economic performance

G4-DMA p. 53 No

G4-EC1 p. 53 No

G4-EC2

Due to the sociocultural mission of the Focus-Abengoa Foundation, no risks or opportunities stemming from climate change were detected in 2013.

No

G4-EC3

The Focus-Abengoa Foundation currently has no retirement plans for its employees.

No

G4-EC4

The Focus-Abengoa Foundation does not receive government aid since all its donations come wholly from its parent company, Abengoa.

No Material Aspect: Indirect economic impacts

G4-DMA p. 54 No

G4-EC7 p. 54 No

G4-EC8 p. 54 No

CATEGORY: SOCIAL

SUB-CATEGORY: LABOR PRACTICES AND DECENT WORK

Material Aspect: Employment

G4-DMA p. 51 No

G4-LA1 p. 51 No

G4-LA2 p. 52 No

62

G4-LA3 p. 51 No Material Aspect: labor/management Relations

G4-DMA p. 51 No

G4-LA4 p. 51 No Material Aspect: Occupation health and safety

G4-DMA p. 52 No

G4-LA5 p. 52 No

G4-LA6 p. 52 No

G4-LA7

There are no workers who perform professional activities with a high incidence or risk of certain illnesses.

No

G4-LA8

The Focus-Abengoa Foundation does not have its own union representation. The Foundation is part of Abengoa's union structure.

No Material Aspect: Training and education

G4-DMA p. 52 No

G4-LA9 p. 52 No

G4-LA10 p. 52 No

G4-LA11 p. 52 No Material Aspect: Diversity and equal opportunity

G4-DMA p. 51 No

G4-LA12 pp. 13, 51 No

SUB-CATEGORY SOCIETY

Material Aspect: Local communities

G4-DMA pp. 20 No

G4-SO1 pp. 20, 29, 38, 40, 44 No

63

G4-SO2

In 2014 there was no operations centre which had or might have had significant negative effects on the local communities.

Material Aspect: anti-corruption

G4-DMA p. 16

G4-SO3 p. 16

G4-SO4 p. 16

G4-SO5

In 2014, there were no confirmed cases of corruption, nor were any cases of recidivism, etc., found. No legal grievances against the Focus-Abengoa Foundation were filed in 2014.

Appendix III – The Foundation’s annual accounts

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Cuentas Anuales

Ejercicio 2014

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Documentación:

a) Balance de Situación

b) Cuenta de Resultados

c) Memoria

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a) Balances de Situación al 31 de diciembre de 2014 y 2013

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Balance de situación de los ejercicios 2014 y 2013

Activo Notas de la Memoria 2014 2013

A) Activo No Corriente 28.942.806,25 29.098.752,77

I. Inmovilizado intangible. 16.631,73 30.515,00

5. Aplicaciones informáticas. 6 16.631,73 30.515,00

III. Inmovilizado material. 7 28.925.098,79 29.067.162,04

1. Terrenos y construcciones. 2.248.688,08 2.329.021,84

2. Instalaciones técnicas y otro inmovilizado material. 26.676.410,71 26.738.140,20

V. Inversiones en entidades del grupo y asociadas 9 1.075,73 1.075,73

a largo plazo.

5. Otros activos financieros. 1.075,73 1.075,73

B) Activo Corriente 3.645.245,36 3.725.600,79

III. Deudores comerciales y otras cuentas a cobrar. 9,10 91.034,54 39.166,22

1. Clientes por ventas y prestaciones de servicios. 88.783,65 30.258,25

3. Deudores varios. 2.250,89 600,00

6. Otros créditos con las Administraciones Públicas. 0,00 8.307,97

V. Inversiones financieras a corto plazo. 9 3.363.810,09 3.542.650,36

1. Instrumentos de patrimonio. 3.363.810,09 3.542.650,36

VII. Efectivo y otros activos líquidos equivalentes. 11 190.400,73 143.784,21

1. Tesorería. 190.400,73 143.784,21

Total Activo (A + B) 32.588.051,61 32.824.353,56

Las notas 1 a 21 descritas en la Memoria adjunta forman parte integrante del Balance de Situación al 31 de diciembre de 2014.

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Balance de situación de los ejercicios 2014 y 2013

Patrimonio Neto y Pasivo Notas de la Memoria

2014 2013

A) Patrimonio Neto 29.323.552,09 29.403.788,06

A-1) Fondos propios. 12 29.109.927,83 29.051.597,16

I. Dotación fundacional 3.703.970,64 3.703.970,64

1. Dotación fundacional 3.703.970,64 3.703.970,64

II. Reservas. 25.347.626,52 25.151.665,80

2. Otras reservas. 25.347.626,52 25.151.665,80

IV. Excedentes del ejercicio. 3,12 58.330,67 195.960,72

A-3) Subvenciones, donaciones y legados recibidos. 213.624,26 352.190,90

II. Donaciones y legados. 13 213.624,26 352.190,90

C) Pasivo Corriente 3.264.499,52 3.420.565,50

II. Deudas a corto plazo. 9,14 2.346.902,02 2.291.582,99

2. Deudas con entidades de crédito. 946.902,02 891.582,99

5. Otros pasivos financieros. 1.400.000,00 1.400.000,00

V. Acreedores comerciales y otras cuentas a pagar. 14 917.597,50 1.128.982,51

1. Proveedores. 0,00 84.522,14

3. Acreedores varios. 886.696,33 1.019.941,62

6. Otras deudas con las Administraciones Públicas. 30.901,17 24.518,75

Total Patrimonio Neto y Pasivo (A + C) 32.588.051,61 32.824.353,56

Las notas 1 a 21 descritas en la Memoria adjunta forman parte integrante del Balance de Situación al 31 de diciembre de 2014.

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b) Cuenta de Resultados de los ejercicios anuales terminados el 31 de diciembre de 2014 y 2013

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Cuenta de resultados de los ejercicios 2014 y 2013

2014 2013

A) Excedente del ejercicio1. Ingresos de la actividad propia. 6.566.472,55 6.290.367,18

c) Ingresos de promociones, patrocinadores y colaboraciones. 13 138.566,64 138.566,64

e) Donaciones y legados imputados al excedente del ejercicio 16 6.427.905,91 6.151.800,54f) Reintegro de ayudas y asignaciones. 0,00 0,00

2. Gastos por ayudas y otros 16 -4.082.285,33 -3.216.770,75

a) Ayudas monetarias. -4.082.285,33 -3.216.770,75

5. Aprovisionamientos. 16 0,00 -167.986,36

6. Otros ingresos de la actividad. 16 220.232,45 156.312,40

7. Gastos de personal. 16 -470.969,66 -707.869,79

a) Sueldos, salarios y asimilados. -391.666,32 -634.044,83

b) Cargas sociales. -79.303,34 -73.824,96

8. Otros gastos de la actividad. 16 -1.970.911,19 -2.026.041,94

a) Servicios exteriores. -1.970.911,19 -2.025.540,43

b) Tributos. 0,00 -501,51

9. Amortización del inmovilizado. 6,7 -165.099,64 -151.829,76

10. Otros resultados 202,19 10.785,03

A.1) Excedente de la actividad (1+2+5+6+7+8+9+10) 97.641,37 186.966,01

13. Ingresos financieros. 16 166,44 2,39

b) De valores negociables y otros instrumentos financieros.

b2) De terceros. 166,44 2,39

14. Gastos financieros. 16 -90.364,88 -80.708,82

b) Por deudas con terceros. -90.364,88 -80.708,82

15. Variación de valor razonable en instrumentos financieros. 9 52.155,36 89.407,47

b) Imputación al excedente del ejercicio por activos financieros disponibles para la venta. 52.155,36 89.407,47

16. Diferencias de cambio. -1.267,62 293,67

A.2) Excedente de las operaciones financieras (13+14+15+16) -39.310,70 8.994,71

A.3) Excedente antes de impuestos (A.1+A.2) 58.330,67 195.960,72

A.4) Variación de patrimonio neto reconocida en el excedente del ejercicio (A.3) 58.330,67 195.960,72

C) Reclasificaciónes al excedente del ejercicio

4. Donaciones y legados recibidos -138.566,64 -138.566,64

C.1) Variación de patrimonio neto por reclasificaciones al excedente del ejercicio (1+2+3+4+5) -138.566,64 -138.566,64D) Variaciones de patrimonio neto por ingresos y gastos imputados directamente al patrimonio neto (B.1+C.1) -138.566,64 -138.566,64

I) Resultado total, variación del Patrimonio Neto en el ejercicio (A.4) -80.235,97 57.394,08

Cuenta de ResultadosNota (Debe) Haber

Las notas 1 a 21 descritas en la Memoria adjunta forman parte integrante de la Cuenta de Pérdidas y Ganancias correspondiente al ejercicio 2014.

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.

c) Memoria del Ejercicio Anual terminado el 31 de diciembre de 2014

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Memoria del Ejercicio Anual terminado el 31 de diciembre de 2014

Nota 1. Actividad de la Fundación. La Fundación denominada “Fundación Fondo de Cultura de Sevilla“ – en anagrama Focus-Abengoa,- fue constituida por voluntad de Abengoa, S.A., el 23 de Octubre de 1982, en ejercicio del derecho reconocido en el artículo 34.1 de la Constitución y con arreglo al artículo 35.1 del Código Civil, siendo una entidad sin ánimo de lucro, de naturaleza cultural privada, carácter benéfico y duración ilimitada, y estando regulada por la Ley 49/2002, de 23 de diciembre, de Régimen fiscal de las Entidades sin Fines Lucrativos y de los Incentivos Fiscales al Mecenazgo, por la Ley 50/2002, de 26 de diciembre y demás disposiciones de aplicación, según acreditación presentada en fecha 29 de diciembre de 2003 ante la Delegación de la Agencia Estatal de Administración Tributaria de Sevilla. La Fundación tiene nacionalidad española y domicilio en Sevilla. Su sede se establece en el edificio del antiguo Hospital de los Venerables Sacerdotes, Plaza de los Venerables nº 8. La Fundación tiene por objeto, con fines de interés general: 1. La promoción de la cultura, en sus diversas manifestaciones artísticas y científicas,

atendiendo primordialmente a la conservación, difusión y desarrollo del patrimonio histórico y cultural de Sevilla y su provincia, y su proyección iberoamericana.

2. La financiación de las actividades culturales, mediante la concesión de ayudas económicas,

la dotación de becas de estudio, bolsas de viaje, subvenciones u otras prestaciones gratuitas a favor de personas, físicas o jurídicas, que carezcan de medios económicos suficientes para obtener por sí mismas los beneficios o resultados que se persigan; el establecimiento de conciertos de colaboración con otras instituciones culturales o docentes, y el otorgamiento de premios a personas que por sus méritos hayan destacado en la realización de los fines que la Fundación promueve. En el desarrollo de sus actividades, la Fundación dedicará una especial y preferente atención a favor de los miembros de la plantilla laboral de Abengoa, S.A. y de las Sociedades de su Grupo, y de sus familiares.

3. Cualesquiera otras actividades o prestaciones relacionadas con las anteriormente descritas,

preparatorias o complementarias de las mismas, tales como actividades de cooperación con la sociedad que conlleven proyectos de inserción y reinserción social, actividades de cooperación con la defensa del patrimonio medio ambiental y aquellas otras que colaboren con el desarrollo tecnológico y social y que estén relacionadas con todas las anteriores.

4. La formación profesional, la inserción laboral y la creación de empleo a favor de personas

con discapacidad y otros colectivos de especial necesidad que permita la creación de puestos de trabajo para aquellas y, finalmente, su inserción en el mercado de trabajo, con efecto en todo el territorio nacional; actividades que podrán ser desarrolladas de forma directa o indirecta a través de empresas, instituciones u otras fundaciones con carácter asistencial, mediante los correspondientes acuerdos de colaboración y asegurando en todo momento el cumplimiento de dichos fines y el destino de los fondos asignados.

En caso de disolución, los bienes y derechos resultantes de la liquidación se destinarán a fundaciones, otras instituciones sin ánimo de lucro, o entidades públicas que acuerde el Patronato y que persigan fines de interés general análogos a los de la Fundación y que tengan afectados sus bienes, incluso para el supuesto de su disolución, a la consecución de aquéllos, conforme a lo establecido en la Ley 50/2002 de Fundaciones y en la Ley 49/2002.

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Nota 2. Bases de presentación de las Cuentas Anuales. 2.1. Imagen fiel y marco normativo. Las Cuentas Anuales se han preparado a partir de los registros contables de la Fundación y se presentan de acuerdo con el marco normativo de información financiera que es el establecido en el Código de Comercio, la Ley 50/2002 de Fundaciones, el Real Decreto 1491/2011, de 24 de octubre, por el que se aprueban las normas de adaptación del Plan General de Contabilidad a las entidades sin fines lucrativos y el modelo de Plan de Actuación de las mismas, y con las normas establecidas en el Plan General de Contabilidad, aprobado mediante Real Decreto 1514/2007 y las modificaciones incorporadas a éste mediante RD 1159/2010, con objeto de mostrar la imagen fiel del patrimonio, de la situación financiera y de los excedentes de la Fundación. La principal legislación de aplicación a la Fundación es la siguiente:

- Ley 50/2002, de 26 de diciembre, de Fundaciones. - Ley 10/2005, de 31 de mayo, de Fundaciones de la Comunidad Autónoma de

Andalucía. - Ley 49/2002, de 23 de diciembre, de régimen fiscal de las entidades sin fines lucrativos y

de los incentivos fiscales al mecenazgo. - Real Decreto 32/2008 de 5 de febrero, por el que se aprueba el Reglamento de

Fundaciones de la Comunidad Autónoma de Andalucía. Las presentes Cuentas Anuales, salvo mención en contrario, se expresan en euros. 2.2. Principios contables Tanto en el desarrollo del proceso contable del ejercicio económico como en la confección de las presentes cuentas anuales no ha sido vulnerado ningún principio contable obligatorio. 2.3 Aspectos críticos de la valoración y estimación de la incertidumbre La preparación de las Cuentas Anuales exige el uso por parte de la Fundación de ciertas estimaciones y juicios en relación con el futuro que se evalúan continuamente y se basan en la experiencia histórica y otros factores, incluidas las expectativas de sucesos futuros que se creen razonables bajo las circunstancias. Las estimaciones contables resultantes, por definición, pueden no igualar a los correspondientes resultados reales. A continuación se incluyen aquellos aspectos de la gestión en la que las estimaciones y juicios pueden tener un riesgo significativo de dar lugar a un ajuste material en los valores en libros de los activos y pasivos dentro del ejercicio financiero siguiente: - Estimaciones realizadas sobre la duración de acuerdos de cesión de inmovilizado. - Juicios empleados en la determinación de provisiones y contingencias. - Pérdidas por deterioro de determinados activos. Las estimaciones realizadas se han detallado, en su caso, en cada una de las notas explicativas de los epígrafes del balance. Estas estimaciones se realizaron en función de la mejor información disponible sobre los hechos analizados. No obstante, es posible que acontecimientos que puedan tener lugar en el futuro obliguen a modificarlas, lo que se haría conforme a lo establecido en las normas de valoración del Plan General de Contabilidad.

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2.4. Comparación de la información Las cuentas anuales se presentan a efectos comparativos, con cada una de las partidas del Balance de Situación, de la cuenta de Pérdidas y Ganancias y de la Memoria, además de las cifras del ejercicio 2014, las comprendidas al ejercicio anterior, que formaban parte de las cuentas anuales del ejercicio 2013 aprobadas por el Patronato de fecha 21 de abril de 2014.

Nota 3. Excedente del ejercicio. En el ejercicio 2014 la Fundación obtuvo un excedente de 58.330,67 euros. La propuesta de distribución del excedente del ejercicio es la siguiente:

Base de reparto 2014Excedente positivo del ejercicio 58.330,67

Distribución 2014A Reservas Voluntarias 58.330,67Total 58.330,67

Nota 4. Normas de valoración. Los criterios contables más significativos aplicados en la formulación de las Cuentas Anuales son los que se describen a continuación: a) Inmovilizado intangible. Los elementos incluidos en el Inmovilizado Intangible figuran valorados por su precio de adquisición o su coste de producción. Su amortización se realiza en forma lineal, de acuerdo con la vida útil estimada de los activos. El coeficiente de amortización utilizado en la depreciación de estos activos es el siguiente:

Inmovilizado Intangible CoeficienteAplicaciones informáticas 33%

b) Inmovilizado material. Dentro de este epígrafe distingue entre:

- Bienes de inmovilizado generadores de flujos de efectivo: son los que se poseen con el fin de obtener un beneficio o generar un rendimiento comercial a través de la entrega de bienes o la prestación de servicios.

- Bienes de inmovilizado no generadores de flujos de efectivo: son los que se poseen con

una finalidad distinta a la de generar un rendimiento comercial, como pueden ser los flujos económicos sociales que generan dichos activos y que benefician a la colectividad, esto es, su beneficio social o potencial de servicio.

Los bienes comprendidos en el inmovilizado material se valoran al precio de adquisición o al coste de producción.

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La amortización del inmovilizado material se calcula sistemáticamente por el método lineal en función de la vida útil de los respectivos bienes, atendiendo a la depreciación efectivamente sufrida por su funcionamiento, uso y disfrute. Los coeficientes de amortización utilizados en el cálculo de la depreciación experimentada por los elementos que componen el inmovilizado material son los siguientes:

CoeficienteConstrucciones 2-3%Instalación eléctrica 8%Otras instalaciones 12%Mobiliario 10%Equipo proceso información 25%

El importe de los trabajos realizados por la Fundación para su propio inmovilizado material se calcula sumando al precio de adquisición de las materias consumibles, los costes directos o indirectos imputables a dichos bienes. Los costes de ampliación, modernización o mejora de los bienes del inmovilizado material se incorporan al activo como mayor valor del bien exclusivamente cuando suponen un aumento de su capacidad, productividad o alargamiento de su vida útil, y siempre que sea posible conocer o estimar el valor contable de los elementos que resultan dados de baja del inventario por haber sido sustituidos. Los costes de reparaciones importantes se activan y se amortizan durante la vida útil estimada de los mismos, mientras que los gastos de mantenimiento recurrentes se cargan en la cuenta de pérdidas y ganancias durante el ejercicio en que se incurre en ellos. La Fundación amortiza el importe de las reformas realizadas en el Hospital de los Venerables Sacerdotes de Sevilla y contabilizadas en el epígrafe de construcciones en un periodo de 50 años, que se entiende se trata de la mejor estimación posible, teniendo en cuenta la naturaleza de las obras realizadas y de los bienes sobre los que se efectúan. No obstante, dicho período resulta superior a aquel por el que el edificio está cedido a Focus-Abengoa (periodo de 30 años) sobre la base que considera dicho periodo inicial renovable sin que existan motivos para considerar que vayan a existir problemas irresolubles sobre dicha extensión, teniendo en cuenta la actividad desarrollada por la Fundación en su área de influencia. El valor residual y la vida útil de los activos se revisa, ajustándose si fuese necesario, en la fecha de cada balance. Cuando el valor contable de un activo es superior a su importe recuperable estimado, su valor se reduce de forma inmediata hasta su importe recuperable. La Fundación no realiza amortización de las obras de arte registradas en el balance dentro del epígrafe “Instalaciones técnicas y otro inmovilizado material” (ver nota 7) ya que se estima que el valor cultural e histórico de dichas obras va a perdurar a lo largo del tiempo, por lo que no son susceptibles de depreciación aunque son evaluadas periódicamente, al menos al cierre de cada ejercicio, para identificar si es necesario realizar saneamientos contables de su saldo. c) Pérdidas por deterioro del valor de los activos no financieros Los activos que tienen una vida útil indefinida no están sujetos a amortización y se someten anualmente a pruebas de pérdidas por deterioro del valor. Los activos sujetos a amortización se someten a pruebas de pérdidas por deterioro siempre que algún suceso o cambio en las circunstancias indiquen que el valor contable puede no ser recuperable. Se reconoce una

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pérdida por deterioro por el exceso del valor contable del activo sobre su importe recuperable, entendido éste como el valor razonable del activo menos los costes de venta o el valor en uso, el mayor de los dos. A efectos de evaluar las pérdidas por deterioro del valor, los activos se agrupan al nivel más bajo para el que hay flujos de efectivo identificables por separado (unidades generadoras de efectivo). Los activos no financieros, distintos del fondo de comercio, que hubieran sufrido una pérdida por deterioro se someten a revisiones a cada fecha de balance por si se hubieran producido reversiones de la pérdida. d) Activos Financieros (Corrientes y no Corrientes).

- Préstamos y partidas a cobrar

Los préstamos y partidas a cobrar son activos financieros no derivados con cobros fijos o determinables que no cotizan en un mercado activo. Se incluyen en activos corrientes, excepto para vencimientos superiores a 12 meses desde la fecha del balance que se clasifican como activos no corrientes. Los préstamos y partidas a cobrar se incluyen en “Deudores comerciales y otras cuentas a cobrar” en el balance de situación. Estos activos financieros se valoran inicialmente por su valor razonable, incluidos los costes de transacción que les sean directamente imputables, y posteriormente a coste amortizado reconociendo los intereses devengados en función de su tipo de interés efectivo, entendido como el tipo de actualización que iguala el valor en libros del instrumento con la totalidad de sus flujos de efectivo estimados hasta su vencimiento. No obstante lo anterior, los créditos por operaciones comerciales con vencimiento no superior a un año se valoran, tanto en el momento de reconocimiento inicial como posteriormente, por su valor nominal siempre que el efecto de no actualizar los flujos no sea significativo. Al menos al cierre del ejercicio, se efectúan las correcciones valorativas necesarias por deterioro de valor si existe evidencia objetiva de que no se cobrarán todos los importes que se adeudan. El importe de la pérdida por deterioro del valor es la diferencia entre el valor en libros del activo y el valor actual de los flujos de efectivo futuros estimados, descontados al tipo de interés efectivo en el momento de reconocimiento inicial. Las correcciones de valor, así como en su caso su reversión, se reconocen en la cuenta de pérdidas y ganancias.

- Activos financieros mantenidos para negociar y otros activos financieros a valor

razonable con cambios en la cuenta de pérdidas y ganancias. Tienen la consideración de activos financieros a valor razonable con cambios en la cuenta de pérdidas y ganancias todos aquellos activos mantenidos para negociar que se adquieren con el propósito de venderse en el corto plazo o forman parte de una cartera de instrumentos identificados y gestionados conjuntamente para obtener ganancias a corto plazo, así como los activos financieros que designa la Fundación en el momento del reconocimiento inicial para su inclusión en esta categoría por resultar en una información más relevante. Estos activos financieros se valoran, tanto en el momento inicial como en valoraciones posteriores, por su valor razonable, imputando los cambios que se produzcan en dicho valor en la cuenta de pérdidas y ganancias del ejercicio. Los costes de transacción directamente atribuibles a la adquisición se reconocen en la cuenta de pérdidas y ganancias del ejercicio.

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e) Patrimonio neto El Fondo Social tiene su origen en la aportación inicial de los Patronos en el momento de su constitución y sucesivas aportaciones. f) Subvenciones, donaciones y legados. Las subvenciones, donaciones y legados que tengan carácter de reintegrables se registran como pasivos hasta cumplir las condiciones para considerarse no reintegrables, mientras que las subvenciones no reintegrables se registran como ingresos directamente imputados al patrimonio neto y se reconocen como ingresos sobre una base sistemática y racional de forma correlacionada con los gastos derivados de la subvención. Las dotaciones presupuestarias que recibe la Fundación se imputan como subvenciones no reintegrables, y por tanto, como ingresos directamente imputados al resultado del ejercicio. En la medida en que no se asignan a una finalidad concreta, son de disposición inmediata y no hay obligación de restitución por parte de la Fundación, se reconocen en la cuenta de pérdidas y ganancias en el ejercicio en que se conceden. A los efectos anteriores, se considera no reintegrable cuando existe un acuerdo individualizado de concesión de la subvención, se han cumplido todas las condiciones establecidas para su concesión y no existen dudas razonables de que se cobrará. Las subvenciones, donaciones y legados de carácter monetario se valoran por el valor razonable del importe concedido y las subvenciones no monetarias por el valor razonable del bien recibido, referidos ambos valores al momento de su reconocimiento. Las subvenciones, donaciones y legados no reintegrables relacionadas con la adquisición de inmovilizado intangible, material e inversiones inmobiliarias se imputan como ingresos del ejercicio en proporción a la amortización de los correspondientes activos o, en su caso, cuando se produzca su enajenación, corrección valorativa por deterioro o baja en balance. Por su parte, las subvenciones, donaciones y legados no reintegrables relacionadas con gastos específicos se reconocen en la cuenta de pérdidas y ganancias en el mismo ejercicio en que se devengan los correspondientes gastos y las concedidas para compensar déficit de explotación en el ejercicio en que se conceden, salvo cuando se destinan a compensar déficit de explotación de ejercicios futuros, en cuyo caso se imputan en dichos ejercicios. La dotación presupuestaria recibida de su Fundador mediante Convenio de Colaboración (Nota 13) se registra en el patrimonio neto y se realiza la imputación al resultado del ejercicio de forma lineal durante el periodo de vigencia del mismo. g) Pasivos financieros.

- Débitos y partidas a pagar.

Esta categoría incluye débitos por operaciones comerciales y débitos por operaciones no comerciales. Estos recursos ajenos se clasifican como pasivos corrientes, a menos que la Fundación tenga un derecho incondicional a diferir su liquidación durante al menos 12 meses después de la fecha del balance. Estas deudas se reconocen inicialmente a su valor razonable ajustado por los costes de transacción directamente imputables, registrándose posteriormente por su coste amortizado según el método del tipo de interés efectivo. Dicho interés efectivo es el tipo

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de actualización que iguala el valor en libros del instrumento con la corriente esperada de pagos futuros previstos hasta el vencimiento del pasivo.

No obstante lo anterior, los débitos por operaciones comerciales con vencimiento no superior a un año y que no tienen un tipo de interés contractual se valoran, tanto en el momento inicial como posteriormente, por su valor nominal cuando el efecto de no actualizar los flujos de efectivo no es significativo. En el caso de producirse renegociación de deudas existentes, se considera que no existen modificaciones sustanciales del pasivo financiero cuando el prestamista del nuevo préstamo es el mismo que el que otorgó el préstamo inicial y el valor actual de los flujos de efectivo, incluyendo las comisiones netas, no difiere en más de un 10% del valor actual de los flujos de efectivo pendientes de pagar del pasivo original calculado bajo ese mismo método.

h) Impuesto sobre beneficios. Según la Ley 49/2002, de 23 de diciembre, de régimen fiscal de las entidades sin fines lucrativos y de los incentivos fiscales al mecenazgo, se encuentra exentas del impuesto las rentas obtenidas por las entidades sin ánimo de lucro en el ejercicio de las actividades que constituyen su objeto social, las accesorias a éstas y las poco significativas. El resto de rentas no exentas tributan por el Impuesto sobre Sociedades a un tipo del 10% según lo establecido en la Ley 49/2002 y el Real Decreto Legislativo 4/2002, de 5 de marzo, por el que se aprueba el Texto Refundido de la Ley del Impuesto de Sociedades. i) Transacciones en moneda extranjera. Durante el ejercicio, esta Fundación ha realizado operaciones con moneda extranjera para las que no se ha considerado necesario contratar cobertura de cambio. j) Ingresos y gastos.

- Actividad fundacional

Los ingresos reconocidos por la Fundación dentro del epígrafe Ingresos de la entidad por la actividad propia, corresponden prácticamente en su totalidad a las donaciones realizadas por Abengoa, S.A. y sus sociedades dependientes. Por otro lado, los ingresos procedentes de colaboraciones y patrocinadores, se reconocen en la cuenta de pérdidas y ganancias en base a los Convenios de Colaboración firmados por la Fundación. Los fondos procedentes de colaboraciones recibidos en un ejercicio y que correspondan a proyectos que se realizarán en ejercicios siguientes, se registran en el pasivo corriente, en el capítulo de “Periodificaciones a corto plazo”. Los premios, ayudas y subvenciones recibidos y concedidos se contabilizan como ingresos y gastos de explotación respectivamente, por el importe acordado, en el momento en que el Órgano de gobierno aprueba su concesión, en cumplimiento de los fines fundacionales.

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- Actividad mercantil

Los ingresos se registran siguiendo el criterio de devengo por el valor razonable de la contraprestación a recibir y representan los importes a cobrar por los bienes entregados y los servicios prestados en el curso ordinario de las actividades de la Fundación, menos devoluciones, rebajas, descuentos y el impuesto sobre el valor añadido. La Fundación reconoce los ingresos cuando el importe de los mismos se puede valorar con fiabilidad, es probable que los beneficios económicos futuros vayan a fluir a la Fundación y se cumplen las condiciones específicas para cada una de las actividades tal y como se detalla a continuación. No se considera que se pueda valorar el importe de los ingresos con fiabilidad hasta que no se han resuelto todas las contingencias relacionadas con la venta. En las compras de bienes objeto de la actividad, se incluyen todos los gastos de transporte e impuestos que recaigan sobre las adquisiciones hasta su recepción en almacén.

Los ingresos por intereses se reconocen en base al método del tipo de interés efectivo. k) Provisiones y contingencias Las responsabilidades probables de cualquier clase o naturaleza, originadas por reclamaciones, litigios en curso, indemnizaciones y contingencias probables se reconocen cuando la Fundación tiene una obligación presente, ya sea legal o implícita, como resultado de sucesos pasados, es probable que vaya a ser necesaria una salida de recursos para liquidar la obligación y el importe se puede estimar de forma fiable. Las provisiones se valoran por el valor actual de los desembolsos que se espera que serán necesarios para liquidar la obligación usando un tipo antes de impuestos que refleje las evaluaciones del mercado actual del valor temporal del dinero y los riesgos específicos de la obligación. Los ajustes en la provisión con motivo de su actualización se reconocen como un gasto financiero conforme se van devengando. Las provisiones con vencimiento inferior o igual a un año, con un efecto financiero no significativo no se descuentan. Cuando se espera que parte del desembolso necesario para liquidar la provisión sea reembolsado por un tercero, el reembolso se reconoce como un activo independiente, siempre que sea prácticamente segura su recepción. Por su parte, se consideran pasivos contingentes aquellas posibles obligaciones surgidas como consecuencia de sucesos pasados, cuya materialización está condicionada a que ocurra o no uno o más eventos futuros independientes de la voluntad de la Fundación. Dichos pasivos contingentes no son objeto de registro contable presentándose, en su caso, detalle de los mismos en la memoria. l) Elementos patrimoniales de naturaleza medioambiental. La Fundación no tiene activos vinculados a actividades medioambientales. Dada la naturaleza de su actividad, y en aplicación del principio de prudencia, tampoco estima necesaria la dotación de provisión por contingencias relacionadas con el medioambiente.

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m) Transacciones entre partes vinculadas Con carácter general, las operaciones entre partes vinculadas se contabilizan en el momento inicial por su valor razonable. En su caso, si el precio acordado difiere de su valor razonable, la diferencia se registra atendiendo a la realidad económica de la operación. La valoración posterior se realiza conforme con lo previsto en las correspondientes normas. n) Arrendamientos

Los gastos derivados de los acuerdos de arrendamientos operativos se cargan a la cuenta de pérdidas y ganancias en el ejercicio en que se devengan. Cualquier cobro o pago que pudiera realizarse al contratar un arrendamiento operativo se tratará como un cobro o pago anticipado que se imputara a resultados a lo largo del periodo de arrendamiento, a medida que se cedan o reciban los beneficios del activo arrendado. Nota 5.- Gestión de Riesgo Financiero. Factores de riesgo financiero.

Las actividades que realiza la Fundación están expuestas a diversos riesgos financieros: riesgo de mercado (incluyendo riesgo de tipo de cambio, riesgo de precio y riesgo de interés), riesgo de crédito y riesgo de liquidez. El Modelo de Gestión del Riesgo en la Fundación trata de minimizar los efectos potenciales adversos sobre la rentabilidad financiera de la Fundación. La gestión del riesgo en la Fundación está controlada por la Dirección General que identifica y evalúa los riesgos financieros de la Fundación con arreglo a las normas internas de gestión de obligado cumplimiento en vigor. Las normas internas de gestión proporcionan políticas escritas para la gestión del riesgo global, así como para áreas concretas como riesgo de tipo de cambio, riesgo de crédito, riesgo de tipo de interés, riesgo de liquidez e inversión del excedente de liquidez. Tanto las normas internas de gestión como los procedimientos de control claves de la Sociedad se encuentran formalizados por escrito y su cumplimiento es supervisado. Las políticas contables relativas a instrumentos financieros se han aplicado a los epígrafes que se detallan a continuación:

a) Riesgo de mercado.

La Fundación está expuesta al riesgo de mercado por las variaciones en los tipos de interés y de tipo de cambio. Estos riesgos de mercado se originan en el curso ordinario de las actividades de la Fundación, ya que no lleva a cabo operaciones especulativas.

- Riesgo de tipo de interés El riesgo de tipo de interés surge de los pasivos financieros a tipo de interés variable. La Sociedad se financia mediante varias pólizas de créditos referenciadas al Euribor, aunque algunas disponen de un tipo de interés mínimo (“suelo”).

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No existen instrumentos financieros derivados de cobertura para cubrir el riesgo por variaciones de tipo de interés. La exposición a riesgo de tipo de interés variable al cierre de los ejercicios 2014 y 2013 es la siguiente:

2014 2013Deudas con entidades de crédito 946.902,02 891.582,99Total 946.902,02 891.582,99

La Fundación analiza su exposición al riesgo de tipo de interés de forma dinámica. Se realiza una simulación de varios escenarios teniendo en cuenta la refinanciación y renovación de las posiciones actuales. En función de estos escenarios, la Fundación calcula el efecto sobre el resultado de una variación determinada del tipo de interés.

- Riesgo de precio El riesgo de mercado incluye el riesgo de precio. La Fundación está expuesta al riesgo del precio de fondos de inversión debido a las inversiones mantenidas por la Fundación y clasificadas en el balance activos financieros a valor razonable con cambios en la cuenta de pérdidas y ganancias.

b) Riesgo de crédito.

Los saldos de inversiones financieras corrientes y efectivo son los principales activos financieros de la Fundación. Durante los ejercicios para los que se presenta información no se excedieron los límites de crédito, y la dirección no espera que se produzcan pérdidas por incumplimiento de ninguna de las contrapartes.

c) Riesgo de liquidez.

La política de liquidez y financiación de la Fundación tiene como objetivo asegurar que ésta mantiene disponibilidad de fondos suficientes para hacer frente a sus compromisos financieros. Dado el carácter dinámico de las actividades de la Fundación, la Dirección General tiene como objetivo mantener la flexibilidad en la financiación mediante la disponibilidad de líneas de crédito comprometidas. La dirección realiza un seguimiento de las previsiones de la reserva de liquidez de la Fundación (que comprende las disponibilidades de crédito (Nota 14) y el efectivo y equivalentes al efectivo (Nota 11) en función de los flujos de efectivo esperados.

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Nota 6. Inmovilizado Intangible Los importes y las variaciones experimentadas durante los ejercicios 2014 y 2013 por las partidas que componen el inmovilizado intangible han sido las siguientes: Ejercicio 2014:

Saldo 31.12.13 Entradas Salidas Saldo 31.12.14Aplicaciones informáticas 85.248,48 - - 85.248,48Total 85.248,48 - - 85.248,48

Ejercicio 2013:

Saldo 31.12.12 Entradas Salidas Saldo 31.12.13Aplicaciones informáticas 66.488,93 18.759,55 - 85.248,48Total 66.488,93 18.759,55 - 85.248,48

La amortización acumulada del inmovilizado intangible en los ejercicios 2014 y 2013 se expone seguidamente: Ejercicio 2014:

Saldo 31.12.13 Dotaciones Reducciones Saldo 31.12.14Aplicaciones informáticas (54.733,48) (13.883,27) - (68.616,75)Total (54.733,48) (13.883,27) - (68.616,75)Valor Neto Contable 30.515,00 16.631,73

Ejercicio 2013:

Saldo 31.12.12 Dotaciones Reducciones Saldo 31.12.13Aplicaciones informáticas (38.919,59) (15.813,89) - (54.733,48)Total (38.919,59) (15.813,89) - (54.733,48)Valor Neto Contable 27.569,34 30.515,00

6.2. Entre las partidas que figuran en el Inmovilizado Intangible existen los siguientes

elementos que se encuentran totalmente amortizados a 31 de diciembre de 2014 y 2013:

Concepto 2014 2013

Aplicaciones informáticas 43.582,84 27.947,84Total elementos amortizados 43.582,84 27.947,84

Durante el ejercicio 2014 no se han reconocido correcciones valorativas por deterioro de inmovilizado intangible.

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Nota 7. Inmovilizado Material 7.1. Los importes y las variaciones experimentadas durante los ejercicios 2014 y 2013 por las

partidas que componen el inmovilizado material han sido las siguientes: Ejercicio 2014:

Saldo 31.12.13 Entradas Salidas Saldo 31.12.14Construcciones 3.516.373,01 - 3.516.373,01Otras Instalaciones 2.188.148,68 - 2.188.148,68Mobiliario 285.341,54 - 285.341,54Equipos Proceso Información 75.544,44 - 75.544,44Otro Inmovilizado Material 26.525.515,53 12.329,07 (3.175,95) 26.534.668,65Total 32.590.923,20 12.329,07 (3.175,95) 32.600.076,32

Ejercicio 2013:

Saldo 31.12.12 Entradas Salidas Saldo 31.12.13Construcciones 3.504.442,41 11.930,60 - 3.516.373,01Otras Instalaciones 2.182.838,89 5.309,79 - 2.188.148,68Mobiliario 284.387,53 954 - 285.341,54Equipos Proceso Información 74.339,19 1.205,25 - 75.544,44Otro Inmovilizado Material 26.485.542,00 39.973,53 - 26.525.515,53Total 32.531.550,02 59.373,18 - 32.590.923,20

La amortización acumulada del inmovilizado material en los ejercicios 2014 y 2013 se expone seguidamente: Ejercicio 2014:

Saldo 31.12.13 Dotaciones Reducciones Saldo 31.12.14Construcciones (1.187.351,17) (80.333,76) - (1.267.684,93)Otras Instalaciones (1.996.458,05) (66.347,82) - (2.062.805,87)Mobiliario (271.069,15) (2.490,77) - (273.559,92)Equipos Proceso Información (68.882,79) (2.044,02) - (70.926,81)Total (3.523.761,16) (151.216,37) - (3.674.977,53)Valor Neto Contable 29.067.162,04 28.925.098,79

Ejercicio 2013:

Saldo 31.12.12 Dotaciones Reducciones Saldo 31.12.13Construcciones (1.107.010,56) (80.340,61) (1.187.351,17)Otras Instalaciones (1.944.407,45) (52.050,60) - (1.996.458,05)Mobiliario (266.183,48) (4.885,67) - (271.069,15)Equipos Proceso Información (70.143,80) 1.261,01 (68.882,79)Total (3.387.745,29) (137.276,88) 1.261,01 (3.523.761,16)Valor Neto Contable 29.143.804,73 29.067.162,04

La partida “Otro inmovilizado material” está compuesta por obras de Biblioteca, Pinacoteca, Videoteca, Obras Musicales, Grabados y Esculturas para las que no se realiza amortización ya que se estima que el valor cultural e histórico de dichas obras va a perdurar a lo largo del tiempo, por lo que no son susceptibles de depreciación aunque son evaluadas periódicamente, al menos al cierre de cada ejercicio, para identificar si es necesario realizar saneamientos contables de su saldo.

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En el ejercicio 2011 la Fundación recibió el legado del profesor D. Alfonso Pérez Sánchez con un valor de 1.400.000 euros (véase nota 14). 7.2. Entre las partidas que figuran en el Inmovilizado Material existen los siguientes

elementos que se encuentran totalmente amortizados a 31 de diciembre de 2014 y 2013:

Concepto 2014 2013

Instalación eléctrica 645.772,91 645.772,91Instalación aire acondicionado 393.921,58 393.921,58Instalación de seguridad 369.023,80 289.063,43Instalación de órgano 356.029,63 356.029,63Instalación de megafonía 31.057,97 25.956,75Instalación de telefonía 11.036,84 11.036,84Mobiliario 255.045,41 249.701,75Equipos proceso de información 65.383,23 65.383,23Total elementos amortizados 2.127.271,37 2.036.866,12

La Fundación tiene contratadas varias pólizas de seguro para cubrir los riesgos a que están sujetos los bienes del inmovilizado material, incluida entre otros la Pinacoteca. La cobertura de estas pólizas se considera suficiente. Durante el ejercicio 2014 no se han reconocido correcciones valorativas por deterioro de inmovilizado material. Nota 8. Bienes del Patrimonio Histórico. La Fundación no posee bienes del Patrimonio Histórico Español regulado por la ley 16/1985 de 25 de junio. Nota 9. Instrumentos financieros. 9.1. Análisis por categoría El valor en libros de cada una de las categorías de instrumentos financieros establecidas en la norma de registro y valoración de “Instrumentos financieros” es el siguiente: Activos financieros:

2014 2013 2014 2013 2014 2013

Activos a valor razonable con cambios en pérdidas y ganancias - Otros 1.075,73 1075,73 - - - -

Activos financieros a largo plazoInstrumentos Créditos

DerivadosOtros

patrimonioValores representativos

de deuda

2014 2013 2014 2013 2014 2013

Activos a valor razonable con cambios en pérdidas y ganancias - Mantenidos para negociar (Nota 9.2) 3.363.810,09 3.542.650,36 - - - -Préstamos y partidas a cobrar (Nota 10) - - - - 91.034,54 39.166,22Total 3.363.810,09 3.542.650,36 - - 91.034,54 39.166,22

CréditosDerivados

Otros

Instrumentospatrimonio

Activos financieros a corto plazoValores representativos

de deuda

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Pasivos financieros:

2014 2013 2014 2013 2014 2013Préstamos y partidas a pagar (Nota 14) 946.902,02 891.582,99 - - 2.317.597,50 2.528.982,51Total 946.902,02 891.582,99 - - 2.317.597,50 2.528.982,51

Pasivos financieros a corto plazoDeudas con entidades

de crédito DerivadosOtros

valores negociablesobligaciones y otros

9.2. Inversiones financieras El detalle durante los ejercicios 2014 y 2013 de este saldo es el siguiente: Ejercicio 2014:

Saldo 31.12.13 Altas BajasImputación a

resultados Saldo 31.12.14Activo CorrienteActivos financieros disponibles para la venta 78,04 - - - 78,04Activos financieros a valor razonable (fondos de inversión) 3.542.572,32 - (230.995,63) 52.155,36 3.363.732,05Total 3.542.650,36 - (230.995,63) 52.155,36 3.363.810,09

Ejercicio 2013:

Saldo 31.12.12 Altas BajasImputación a

resultados Saldo 31.12.13Activo CorrienteActivos financieros disponibles para la venta 78,04 - - - 78,04Activos financieros a valor razonable (fondos de inversión) 3.453.164,85 - - 89.407,47 3.542.572,32Total 3.453.242,89 - - 89.407,47 3.542.650,36

La Fundación recibió una dotación financiera por un importe de 3.311.000 euros por parte de Abengoa S.A. que, siguiendo lo acordado con dicha sociedad, mantiene a lo largo del tiempo, beneficiándose la Fundación de los rendimientos que produce. Esta dotación está instrumentada en dos fondos de inversión. La rentabilidad anual obtenida por dichos fondos se recoge dentro del epígrafe de “Variación del valor razonable en instrumentos financieros” de la cuenta de resultados (ver nota 16.8). La columna “Imputación a resultados” corresponde a la contabilización de dichos activos financieros a valor razonable tal como se describe en la Nota 4 d). Nota 10. Deudores comerciales y otras cuentas a cobrar. El importe de las cuentas que componen esta partida durante los ejercicios 2014 y 2013 se detalla en la siguiente tabla: Ejercicio 2014:

ConceptosSaldo al 31.12.14

Clientes por ventas y prestaciones de servicios 88.783,65Deudores varios 2.250,89Otros créditos con la administraciones públicas 0,00Total 91.034,54Parte no corrriente -Parte corriente 91.034,54

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Ejercicio 2013:

ConceptosSaldo al 31.12.13

Clientes por ventas y prestaciones de servicios 30.258,25Deudores varios 600,00Otros créditos con la administraciones públicas 8.307,97Total 39.166,22Parte no corrriente -Parte corriente 39.166,22

No hay diferencias entre los valores razonables de los deudores comerciales y otras cuentas a cobrar y su valor en libros. No se ha realizado al cierre de ejercicio ninguna corrección valorativa por deterioro de valor, al no existir evidencia objetiva de que no se cobren todos los importes que se adeudan. Nota 11.- Efectivo y otros activos líquidos equivalentes.

El saldo de “Efectivo y otros activos líquidos equivalentes” al 31 de diciembre de 2014 asciende a 190.400,73 euros (143.784,21 euros a 31 de diciembre de 2013), representativos de disponibilidades de medios líquidos en caja y saldos en cuentas corrientes a la vista de disponibilidad inmediata en Bancos e Instituciones de crédito. Nota 12. Fondos Propios. Dado su objeto fundacional y su carácter no lucrativo, la Fundación no tiene capital social ni, por consiguiente, acciones o cualquier otro título representativo de su patrimonio. El importe y los movimientos registrados en las cuentas de fondos propios durante los ejercicios terminados el 31 de diciembre de 2014 y 2013 han sido los siguientes: Ejercicio 2014:

Dotación fundacional 3.703.970,64 - - 3.703.970,64Reservas voluntarias 25.151.665,80 195.960,72 - 25.347.626,52Excedente del ejercicio 195.960,72 (195.960,72) 58.330,67 58.330,67Total Fondos Propios 29.051.597,16 - 58.330,67 29.109.927,83

Saldo al 31.12.14

Distribución excedente 2013

Saldo al 31.12.13

Otros movimientos

Ejercicio 2013:

Dotación fundacional 3.703.970,64 - - 3.703.970,64Reservas voluntarias 24.929.433,30 222.232,50 - 25.151.665,80Excedente del ejercicio 222.232,50 (222.232,50) 195.960,72 195.960,72Total Fondos Propios 28.855.636,44 - 195.960,72 29.051.597,16

Saldo al 31.12.13

Distribución excedente 2012

Saldo al 31.12.12

Otros movimientos

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La Dotación fundacional se descompone de la siguiente forma:

Concepto Importe

Dotación fundacional 342.810,73Segunda donación 378.403,80Donaciones específicas financieras 2.283.846,00Donaciones Patrimoniales 698.910,11Total 3.703.970,64

Donaciones Patrimoniales: En el ejercicio 2004, Abengoa realizó una donación patrimonial a los Fondos Propios de la entidad mediante la aportación de cuadros valorados por experto independiente en un importe de 622.885,37 euros, incluida en el epígrafe Donaciones Patrimoniales, que fue inscrito en el registro de Fundaciones de Andalucía. Con posterioridad se han valorado a los efectos fiscales correspondientes en 567.885,37 euros, según acreditación remitida con fecha 24 de junio de 2004 por la Comisión de Valoración, de la Junta de Calificación, Valoración y Exportación de Bienes del Patrimonio Histórico Español del Ministerio de Cultura, importe por el que se ha registrado dentro de los fondos propios de la entidad sobre la base de considerar el valor menor de ambas valoraciones. Nota 13. Subvenciones, donaciones y legados recibidos. El epígrafe “subvenciones, donaciones y legados recibidos” recoge los ingresos diferidos originados por el Convenio de Colaboración firmado entre Abengoa, S.A. y Focus-Abengoa, por un importe de 2.494.200 euros, con objeto de la difusión conjunta de la imagen corporativa, con una duración de 18 años desde la firma de dicho convenio con fecha 14 de julio de 1998. Este importe se va abonando linealmente en la cuenta de resultados en el periodo de duración de dicho convenio (ver Nota 16.5). El movimiento de los ejercicios 2014 y 2013 ha sido el siguiente: Ejercicio 2014:

Concepto Saldo a 31.12.13 Altas Imputación a resultado Saldo a 31.12.14

213.624,26Subvenciones, donaciones y legados 352.190,90 - (138.566,64) Ejercicio 2013:

Concepto Saldo a 31.12.12 Altas Imputación a resultado Saldo a 31.12.13

352.190,90Subvenciones, donaciones y legados 490.757,54 - (138.566,64) Nota 14. Préstamos y Partidas a pagar. 14.1. No existen deudas a largo plazo ni deudas con garantía real. 14.2. El saldo del epígrafe de préstamos y partidas a pagar a corto plazo se compone de las siguientes partidas:

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Ejercicio 2014:

Concepto ImporteDeudas con entidades de crédito 946.902,02Otros pasivos financieros 1.400.000,00Proveedores 0,00Acreedores varios 917.597,50Total 3.264.499,52

Ejercicio 2013:

Concepto ImporteDeudas con entidades de crédito 891.582,99Otros pasivos financieros 1.400.000,00Proveedores 84.522,14Acreedores varios 1.044.460,37Total 3.420.565,50

Las deudas con entidades de crédito a corto plazo corresponden al saldo dispuesto de diversas pólizas de crédito contratadas por la Fundación, con un límite de 1.400.253 euros en 2014 (1.200.253 euros en 2013), cuyos vencimientos tendrán lugar en el ejercicio 2015 y cuya renovación se produce cada año según las condiciones de dichos contratos. El saldo no dispuesto a 31 de diciembre de 2014 y 2013 es de 457.731,20 y 312.746,69 euros, respectivamente. No existen saldos pendientes de pago en moneda extranjera ni a 31 de diciembre de 2014 ni de 2013. Los préstamos y deudas se retribuyen a tipo de interés de mercado. Con fecha 16 de mayo de 2011, la Fundación recibió una Donación bajo condición resolutoria y promesa recíproca de compraventa sobre un legado valorado en 1.400.000 euros, tal y como se indica en la nota 7.1. La Donación se encuentra sujeta a la condición de que una de las partes reciba una sentencia firme a su favor un contencioso administrativo. En el caso de producirse la condición resolutoria desfavorable, las partes acuerdan una promesa de compraventa de dicho legado por un precio de compra de 1.400.000 euros. En caso de revisión por parte de la Hacienda Pública sobre el valor asignado por los donantes al legado, cualquier sanción pecuniaria de carácter administrativo para los donantes, o gasto asociado a la donación, será asumida por la Fundación Focus-Abengoa. A la fecha de formulación, las condiciones establecidas para la concesión de la donación no se han cumplido, por tanto se considera que la donación es de carácter reintegrable, calificando como pasivo, siendo la mejor estimación clasificarla al corto plazo. La Dirección y los miembros del Patronato no esperan que se deriven pasivos adicionales asociados a esta donación a los ya reconocidos en el balance. 14.3 De acuerdo con la Resolución de 29 de diciembre de 2010, del Instituto de Contabilidad

y Auditoría de Cuentas, sobre la información a incorporar en la memoria de las cuentas anuales en relación con los aplazamientos de pago a proveedores en operaciones comerciales, las sociedades deberán publicar de forma expresa las informaciones sobre plazos de pago a sus proveedores y acreedores en la memoria de sus cuentas anuales para las empresas radicadas en España que formulen cuentas individuales. El deber de información afecta a las operaciones comerciales de pago. Es decir, a los acreedores comerciales incluidos en el correspondiente epígrafe del pasivo corriente del modelo de balance, por tanto, la norma deja fuera de su ámbito objetivo de aplicación a los acreedores o proveedores que no cumplen tal condición para el sujeto deudor que informa, como son los proveedores de inmovilizado o los acreedores por arrendamiento financiero.

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Al 31 de diciembre de 2014, la Fundación Focus-Abengoa tiene pendiente de pago 199.246,65 euros en acreedores comerciales. Asimismo, teniendo en cuenta que la Fundación Focus-Abengoa utiliza en general como sistema de pago PPB a 180 días, los pagos realizados durante el ejercicio 2014 así como los saldos pendientes de pago a proveedores a dicha fecha, no superan por importes significativos el aplazamiento acumulado superior al plazo legal de pago estipulado.

Adicionalmente no existen pagos a proveedores durante el ejercicio 2014 que hayan excedido del plazo legal establecido.

Nota 15. Situación fiscal. 15.1. El Impuesto sobre Sociedades del ejercicio se calcula en función del resultado económico

antes de impuestos, aumentado o disminuido, según corresponda, por las diferencias permanentes con el resultado fiscal, entendiendo éste como la base del citado impuesto, y minorado, en su caso, por las bonificaciones y deducciones en la cuota. El 25 de diciembre de 2002 entró en vigor la Ley 49/2002, de régimen fiscal de las entidades sin fines lucrativos y de los incentivos fiscales al mecenazgo que derogaba el Título II y las disposiciones adicionales cuarta a séptima, novena a duodécima y decimoquinta y decimosexta de la Ley 30/1994, de 24 de noviembre, de Fundaciones y de Incentivos Fiscales a la Participación Privada en Actividades de Interés General. Esta ley determina las rentas que se encuentran exentas del Impuesto sobre Sociedades por las rentas obtenidas por entidades sin fines lucrativos. Por tanto, para la determinación de la Base Imponible del Impuesto sobre Sociedades, únicamente serán computables los ingresos y gastos correspondientes a las explotaciones económicas no exentas

Ejercicio 2014:

Conciliación Resultado Contable con Base Imponible Importe Resultado Contable 58.330,67 Aumentos - Gastos Fundacionales Art. 4º (Ver nota 16.1) 3.814.497,33 - Gastos Fundacionales Art. 5º (Ver nota 16.1) 267.788,00 - Aprovisionamientos 0,00 - Gastos imputables a rentas exentas 2.533.513,35 - Amortización elementos patrimoniales afectos actividades exentas 165.099,64 Total 6.780.898,32 Disminuciones - Donaciones (6.427.905,91) - Convenio colaboración Abengoa, S.A. (Ver Nota 13) (138.566,64) - Ingresos Financieros (52.321,80) - Diferencias cambios (0,00) - Otros (202,19) - Rentas de actividades económicas exentas (220.232,45) Total (6.839.228,99) Base Imponible 0,00

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Ejercicio 2013:

Conciliación Resultado Contable con Base Imponible Importe Resultado Contable 195.960,72 Aumentos - Gastos Fundacionales Art. 4º (Ver nota 16.1) 2.796.987,75 - Gastos Fundacionales Art. 5º (Ver nota 16.1) 419.783,00 - Aprovisionamientos 167.986,36 - Gastos imputables a rentas exentas 2.814.620,55 - Amortización elementos patrimoniales afectos actividades exentas 151.829,76 Total 6.351.207,42 Disminuciones - Donaciones (6.151.800,54) - Convenio colaboración Abengoa, S.A. (Ver Nota 13) (138.566,64) - Ingresos Financieros (89.409,86) - Diferencias cambios (293,67) - Otros (10.785,03) - Rentas de actividades económicas exentas (156.312,40) Total (6.547.168,14) Base Imponible 0,00

15.2. A 31 de diciembre de 2014 y 2013, la Fundación presenta las siguientes bases

imponibles negativas pendientes de compensar:

Año 2014 20131995 0,00 0,001996 0,00 552.881,901997 500.516,17 500.516,171998 404.313,42 404.313,421999 554.399,86 554.399,862000 616.243,15 616.243,152001 488.601,31 488.601,312002 786.306,69 786.306,692003 922.170,47 922.170,47

Total 4.272.551,07 4.825.432,97 No existen créditos activados en la Fundación por las bases imponibles negativas generadas. 15.3. A la fecha de formulación de estas Cuentas Anuales, la Fundación tiene abiertos a

inspección por parte de las Autoridades Tributarias los siguientes impuestos y ejercicios:

Concepto A partir del Año (incluido) Impuesto sobre Sociedades 2009 IVA 2010 IRPF-Retenciones 2010 Otros Impuestos 2010

15.4 Identificación de rentas exentas y no exentas

En aplicación del art. 3.1. RD 1270/2003, se identifica seguidamente las rentas exentas y no exentas del Impuesto sobre Sociedades.

Pág 28

Ejercicio 2014:

Art. Ingresos Gastos Gastos comunes AmortizaciónExentasDonaciones 6 6.427.905,91 (4.082.285,33) (2.533.513,35) (165.099,64)Colaboraciones empresariales 6 138.566,64Rentas del patrimonio 6 52.321,80Rentas actividades económicas 7 220.434,64Total 6.839.228,99 (4.082.285,33) (2.533.513,35) (165.099,64)

SujetasOtros ingresos de explotaciónTotal 0,00

Total 6.839.228,99 (4.082.285,33) (2.533.513,35) (165.099,64)

Ejercicio 2013:

Art. Ingresos Gastos Gastos comunes Amortización

ExentasDonaciones 6 6.151.800,54 (3.216.770,75) (2.814.620,55) (151.829,76)Colaboraciones empresariales 6 138.566,64Rentas del patrimonio 6 100.488,56Rentas actividades económicas 7 156.312,40 (167.986,36)Total 6.547.168,14 (3.384.757,11) (2.814.620,55) (151.829,76)

SujetasOtros ingresos de explotaciónTotal 0,00

Total 6.547.168,14 (3.384.757,11) (2.814.620,55) (151.829,76)

Nota 16. Ingresos y gastos. 16.1. Ayudas Monetarias El detalle de este epígrafe durante los ejercicios 2014 y 2013 es el siguiente:

Concepto 2014 2013

Gastos financiación actividades culturales (gastos fundacionales art. 4º) 3.814.497,33 2.796.987,75

Becas por estudios y ayudas al personal de Abengoa (gastos fundacionales art. 5º) 267.788,00 419.783,00Total 4.082.285,33 3.216.770,75 16.2. Aprovisionamientos El detalle de este epígrafe durante los ejercicios 2014 y 2013 es el siguiente:

Pág 29

Ejercicio 2014:

Bienes destinados a la actividad - - - -

Total - - - -

Compras nacionales

Adquisiciones intracomunitarias

ImportacionesVariación

existenciasConcepto

Ejercicio 2013:

Bienes destinados a la actividad 167.986,36 - - -

Total 167.986,36 - - -

Compras nacionales

Adquisiciones intracomunitarias

ImportacionesVariación

existenciasConcepto

16.3. Gastos de personal. El desglose de la cuenta “Gastos de personal” se expone seguidamente:

Concepto 2014 2013

Sueldos y salarios 391.666,32 634.044,83

Seguridad Social a cargo de la Fundación 77.137,37 71.764,77

Otros gastos sociales 2.165,97 2.060,19

Total 470.969,66 707.869,79 El número medio de personas empleadas distribuido por categorías durante los ejercicios 2014 y 2013 ha sido:

% %Total Total

Mujer Hombre Mujer HombreDirectivos 1 0 11,1 1 0 11,1 Asistentes y profesionales 5 3 88,9 5 3 88,9 Total 6 3 100,0 6 3 100,0

Nº medio 2014 Nº medio 2013Categorías

La distribución por sexos del personal de la Fundación a 31 de diciembre de 2014 y 2013 fue el siguiente:

% %Total Total

Mujer Hombre Mujer HombreDirectivos 1 0 11,1 1 0 11,1 Asistentes y profesionales 5 3 88,9 5 3 88,9 Total 6 3 100,0 6 3 100,0

Nº a 31.12.2014 Nº a 31.12.2013Categorías

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16.4. Otros gastos de explotación. El desglose de este epígrafe es el siguiente:

Concepto 2014 2013Arrendamientos y cánones 22.329,32 16.335,58Reparaciones y conservación 277.491,33 294.709,61Servicios de profesionales independientes 166.478,38 215.987,09Primas de seguros 55.215,92 59.669,99Transporte 270.360,94 1.271,05Publicidad, propaganda y relaciones públicas 105.179,98 161.721,41Suministros 106.782,06 127.935,39Otros servicios 967.073,26 1.147.910,31Otros tributos 0,00 501,51Total 1.970.911,19 2.026.041,94

El epígrafe “Otros Servicios” incluye servicios contratados por la Fundación para el desarrollo de las actividades fundacionales contenidas en el presupuesto detallado por Programas. 16.5. Ingresos de la entidad por la actividad propia. En 2014, el 99,9% de las los Ingresos de la entidad por la actividad propia provienen de donaciones irrevocables realizadas por sociedades del Grupo Abengoa a favor de la Fundación (el 99,9% en 2013), siendo el 79,94% de ellas realizadas por la matriz del Grupo, Abengoa, S.A., teniendo estas sociedades carácter de partes vinculadas (el 93,75% en 2013). - Ingresos de promociones, patrocinadores y colaboraciones. Recoge el traspaso al resultado del ejercicio de los ingresos diferidos derivados del convenio de colaboración firmado entre la Fundación y Abengoa, S.A. en julio de 1998, por importe de 138.566,64 euros (138.566,64 euros en 2013) (ver Nota 13). - Subvenciones, donaciones y otros legados de explotación. Recoge subvenciones y donaciones recibidas para la realización de actividades propias de la Fundación, que provienen íntegramente del sector privado. A continuación se muestran las donaciones recibidas en función del destino que la Fundación atribuye a las mismas:

Concepto 2014 2013Donativo y subvenciones fines específicos art. 4º 3.918.230,91 2.883.870,54Donativo y subvenciones fines específicos art. 5º 230.596,00 442.551,00Subvención publicaciones, tienda y exposiciones 130.000,00 110.000,00Subvención conferencias y seminarios 120.000,00 105.000,00Subvención conciertos 40.000,00 55.000,00Subvención exposiciones, Campus 625.000,00 880.000,00Subvención Centro Velázquez 165.000,00 225.000,00Subvención biblioteca 110.000,00 100.000,00Donativos fines generales 1.089.079,00 1.350.379,00Total 6.427.905,91 6.151.800,54

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Las donaciones y subvenciones atribuidas a fines específicos, recoge fundamentalmente la financiación de actos culturales y actividades sociales recogido dentro del artículo 4º de los estatutos así como becas, ayudas a miembros de la plantilla de Abengoa según se recoge en el artículo 5º de los estatutos. En el Informe Anual de la Fundación se detalla cada una de las actividades de manera detallada, con mención de los recursos tanto humanos como económicos empleados en cada una de ellas. Por otro lado, dentro de los donativos y subvenciones atribuidas a fines generales se recoge las donaciones efectuadas por Abengoa, S.A. para la financiación de otras actividades complementarias para el desarrollo de los fines fundacionales de la entidad. Durante los ejercicios 2014 y 2013 no se han efectuado reintegros de subvenciones, donaciones y legados. 16.6. Otros ingresos de la actividad.

Concepto 2014 2013Venta de mercaderías 21.854,71 18.116,90Prestaciones de servicios 198.377,74 138.195,50Total 220.232,45 156.312,40

La partida “Prestaciones de servicios” recoge los ingresos registrados durante el ejercicio por la Fundación fundamentalmente en concepto de visitas al Edificio y entradas a exposiciones. 16.7. Ingresos y gastos financieros Recoge ingresos por intereses bancarios, por importe de 166,44 euros (2,39 euros en 2013). Los gastos financieros con terceros por importe de 90.364,88 euros (80.708,82 euros en 2013) corresponden principalmente a los derivados de créditos bancarios con entidades financieras. 16.8. Variación del valor razonable en instrumentos financieros Recoge el incremento o pérdida de valor registrado en el ejercicio por los fondos de inversión contratados por la Fundación y clasificados como activos financieros a valor razonable, por importe de 52.155,36 euros, (89.407,47 euros en 2013). Nota 17. Actividad de la Fundación. Aplicación de elementos patrimoniales a fines propios. Gastos de administración 17.1. Actividad de la Fundación

I Recursos económicos empleados por la Fundación en la actividad Se trata de actividades desarrolladas fundamentalmente en la sede de la Fundación empleando el personal de la misma.

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El número de beneficiarios o usuarios de la actividad se detallan cuando es posible su individualización, en otro caso, la Fundación considera que la sociedad en general han sido beneficiarios de sus actividades. Tienda

Previsto RealizadoAprovisionamientos 6.000,00 -Gastos de personal 19.000,00 19.710,35Otros gastos de explotación 2.000,00 1.593,74Subtotal gastos 27.000,00 21.304,09Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 27.000,00 21.304,09

ImporteGastos/Inversiones

Conciertos

Previsto RealizadoOtros gastos de explotación 56.000,00 37.962,79Subtotal gastos 56.000,00 37.962,79Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 56.000,00 37.962,79

ImporteGastos/Inversiones

El número de asistentes a Conciertos en 2014 es de 341 personas Exposiciones

Previsto RealizadoOtros gastos de explotación 41.800,00 99.599,92Subtotal gastos 41.800,00 99.599,92Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 41.800,00 99.599,92

ImporteGastos/Inversiones

El Premio Pintura recibió en 2014 un total de 1.649 visitantes. Centro Velázquez

Previsto RealizadoOtros gastos de explotación 301.900,00 230.979,34Subtotal gastos 301.900,00 230.979,34Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 301.900,00 230.979,34

ImporteGastos/Inversiones

El Centro Velázquez recibió en 2014 un total de 34.543 visitantes.

Pág 33

Exposición Luz: Noor

Previsto RealizadoGastos financieros - 19.466,35Otros gastos de explotación 732.700,00 440.685,39Subtotal gastos 732.700,00 460.151,74Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 732.700,00 460.151,74

ImporteGastos/Inversiones

La exposición Luz: Nur recibió en 2014 un total de 5.554 visitantes. Campus Focus-Abengoa

Previsto RealizadoGastos de personal 23.000,00 19.034,89Otros gastos de explotación 111.200,00 89.720,35Gastos financieros - 61,22Subtotal gastos 134.200,00 108.816,46Adquisiciones de inmovilizado - -Subtotal inversiones - -

ImporteGastos/Inversiones

El número de visitantes al Campus Focus-Abengoa en 2014 es de 2.414 personas. Conferencias y Seminarios

Previsto RealizadoOtros gastos de explotación 127.000,00 116.934,44Subtotal gastos 127.000,00 116.934,44Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 127.000,00 116.934,44

ImporteGastos/Inversiones

Publicaciones

Previsto RealizadoOtros gastos de explotación 100.400,00 72.767,52Aprovisionamientos - -Subtotal gastos 100.400,00 72.767,52Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 100.400,00 72.767,52

ImporteGastos/Inversiones

Pág 34

Ayudas Monetarias

Previsto RealizadoAyudas monetarias 4.054.200,00 4.082.285,33Gastos de personal - 1.858,10Otros gastos de explotación 76.000,00 167.286,21Subtotal gastos 4.130.200,00 4.251.429,64Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 4.130.200,00 4.251.429,64

ImporteGastos/Inversiones

Estructuras

Previsto RealizadoGastos de personal 368.800,00 387.770,93Otros gastos de explotación 658.200,00 631.532,45Amortización del Inmovilizado 150.000,00 165.099,64Gastos financieros 58.000,00 72.104,93Subtotal gastos 1.235.000,00 1.256.507,95Adquisiciones de inmovilizado 86.100,00 9.153,12Subtotal inversiones 86.100,00 9.153,12Total recursos empleados 1.321.100,00 1.265.661,07

ImporteGastos/Inversiones

Biblioteca del Barroco + Legado APS

Previsto RealizadoGastos de personal 50.700,00 42.595,39Otros gastos de explotación 45.400,00 81.910,26Subtotal gastos 96.100,00 124.505,65Adquisiciones de inmovilizado - -Subtotal inversiones - -Total recursos empleados 96.100,00 124.505,65

ImporteGastos/Inversiones

II Recursos económicos totales empleados por la Fundación Gastos/Inversiones Tienda Conciertos Expos. C.Velázquez Luz:Noor Campus Conf.Ayudas monetariasVariación de existenciasAprovisionamientosGastos de personal 19.710,35 19.034,89Otros gastos de explotación 1.593,74 37.962,79 99.599,92 230.979,34 440.685,39 89.659,13 116.934,44Gastos financieros 19.466,35 61,22Subtotal gastos 21.304,09 37.962,79 99.599,92 230.979,34 460.151,74 108.755,24 116.934,44Adquisiciones de inmovilizadoSubtotal inversiones - - - - - - -

Gastos/Inversiones Publicaciones Ayudas Estructura Biblioteca TotalAyudas monetarias 4.082.285,33 4.082.285,33Variación de existencias -Aprovisionamientos -Gastos de personal 1.858,10 387.770,93 42.595,39 470.969,66Otros gastos de explotación 72.767,52 167.286,21 631.532,45 81.910,26 1.970.911,19Amortización Inmovilizado 165.099,64 165.099,64Gastos financieros 72.104,93 91.632,50Subtotal gastos 72.767,52 4.251.429,64 1.256.507,95 124.505,65 6.780.898,32Adquisiciones de inmovilizado - 9.153,12 9.153,12Subtotal inversiones - - 9.153,12 - 9.153,12Total recursos empleados 72.767,52 4.251.429,64 1.265.661,07 124.505,65 6.790.051,44

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III Recursos económicos totales obtenidos por la Fundación.

Ingresos Previsto RealizadoRentas y otros ingresos derivados del patrimonio 45.000,00 52.321,80Ventas y prestaciones de servicios de las actividades propias 89.500,00 198.579,93Ingresos ordinarios de las actividades mercantiles 18.000,00 21.854,71Subvenciones del sector público -Aportaciones privadas 7.302.600,00 6.566.472,55Otros tipos de ingresos -Total ingresos obtenidos 7.455.100,00 6.839.228,99

IV. Convenios de colaboración con otras entidades

Descripción Ingresos GastosConvenio con Abengoa, S.A. suscrito para actividades de la Fundación 138.566,64 -Convenio con INSA-ETEA suscrito para desarrollo de actividades docentes e investigadoras

- 1.516.350,00 V. Desviaciones entre plan de actuación y datos realizados Las desviaciones registradas en diferentes epígrafes vienen motivadas por un menor coste de las actividades realizadas respecto al presupuesto inicial. Hay una desviación de los ingresos y gastos registrados en el epígrafe Ayudas Monetarias, por importe neto de 157.855,18 euros. Se ha incurrido en un menor gasto en ayudas monetarias en el presente ejercicio. 17.2. Aplicación de elementos patrimoniales a fines propios. I Grado de cumplimiento del destino de rentas e ingresos En cumplimiento del Decreto 32/2008, de 5 de febrero, la Fundación destina a la realización de sus fines fundacionales un importe superior al 70 por ciento de los ingresos netos, previa deducción de impuestos, obtenidos en el ejercicio. El resto, deberá destinarse a dotación fundacional o reserva, según lo acuerde el Patronato, entre el inicio del ejercicio en que se hayan obtenido las rentas e ingresos y los 3 años siguientes al cierre de dicho ejercicio. No obstante, para el ejercicio 2014, el Patronato ha acordado destinar el 96,60% de sus ingresos netos al cumplimiento de sus fines (95,90% en 2013), ascendiendo dicha cuantía a 6.062.349,64 euros (5.320.945,42 euros en 2013).

Ejerc.Resultado contable

Ajustes negativos

Dotaciones a la Amortización

Gastos de la actividad propia

Ingresos no computables

Gastos act. propia devengados en el

ejercicio

Inversiones realizadas en la act. propia en el

ejercicio

%

2014 58.330,67 165.099,64 6.053.196,52 6.276.626,83 6.053.196,52 9.153,12 96,6% 1.668.710,862013 195.960,72 151.829,76 5.242.812,69 5.590.603,17 5.242.812,69 78.132,73 95,2% 1.407.523,202012 222.232,50 146.120,35 5.916.452,61 6.284.805,46 5.916.452,61 108.749,19 95,9% 1.625.837,982011 947.553,88 137.517,27 6.662.869,07 - 7.747.940,22 6.662.869,07 34.894,74 86,4% 1.274.205,662010 391.191,25 115.641,04 4.184.713,54 - 4.691.545,83 4.184.713,54 445.271,90 98,7% 1.345.903,36

Ajustes positivos Importe destinado a fines propiosDiferencia: Recursos

destinados en exceso (+) o defecto (-) s/70% mínimo. (a

compensar en 4 ejercicios)

Base de cálculo Articulo 33 Decreto

33/2008

Pág 36

Para el cálculo de la cuantía a destinar a fines fundacionales, se han sumado los gastos directamente relacionados con las actividades desarrolladas para el cumplimiento de fines, así como las dotaciones a la amortización y a las provisiones de inmovilizado afecto a dichas actividades y las inversiones realizadas en el ejercicio. Se ha considerado las inversiones realizadas en 2014 y 2013 en cuadros de la pinacoteca o grabados, así como el importe de las esculturas adquiridas. II Recursos aplicados en el ejercicio

Recursos Importe

2. Inversiones realizadas en actividades desarrolladas en cumplimiento de fines 9.153,12Total recursos destinados en el ejercicio (1+2) 6.696.552,35

1. Gastos de las actividades desarrolladas en cumplimiento de fines (sin amortización ni correcciones por deterioro)

6.687.399,23

17.3. Gastos de administración

6270 Publicidad,propaganda y rel.púb. Promoción Fundación Gastos directos administración 105.179,986295 Mensajeros y correos Envíos postales Gastos directos administración 13.115,236296 Material de oficina Material administración Gastos directos administración 9.922,506299 Otros servicios Varios administración Gastos directos administración 135.574,376400 Sueldos y salarios Personal administración Imputación del gasto total 293.749,746420 Seguridad social Personal administración Imputación del gasto total 57.853,036490 Otros gastos sociales Personal administración Imputación del gasto total 1.624,48

Total gastos de administración 617.019,33

Detalle de gastos de administración

Nº cuenta Partida de la cuenta de resultados

Detalle del gasto Criterio de imputación a la función de administración del

patrimonio

Importe

58.330,67 2.916,53 1.255.325,37 617.019,33 - 617.019,33 No supera

Gastos de administración

Límites alternativos (Art.33 Reglamento RD 1337/2005)

5% del Resultado del Ejercicio (1)

20% de la base de cálculo del Art.27

Ley 50/2004 y Art.32.1

Reglamento RD 1337/05 (2) *

Resultado Ejercicio

Gastos directamente

ocasionados por la administración del patrimonio

(3)

Gastos resarcibles a los

patronos (4)

Supera (+) No supera (-) el

límite máximo (el mayor de 1 y

2) - 5

Total gastos administración devengados en

el ejercicio (5) = (3) + (4)

Nota 18. Hechos posteriores al cierre No se han producido hechos significativos posteriores al cierre del ejercicio 2014. Nota 19. Otra información. 19.1. Los miembros del Patronato no han percibido ninguna remuneración en los ejercicios

2014 y 2013, no teniendo concedido anticipos ni créditos de ninguna clase por parte de la Fundación, como tampoco ningún tipo de seguro.

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19.2 Durante los ejercicios 2014 y 2013 no ha habido solicitudes de autorización al

Protectorado ni hay ninguna pendiente de contestación. 19.3 Durante el ejercicio 2014 ha causado baja Federico Mayor Zaragoza y ha sido sustituido

por Juan Suárez Ávila. En 2013 causó baja por fallecimiento Juan Antonio Carrillo Salcedo y fue nombrado Vocal y Vicepresidente del Patronato José Borrell Fontelles.

19.4 Durante el ejercicio 2013 se han devengado a Auditores y Firmas de Auditoría,

honorarios por importe de 4.079,00 euros (3.960,00 euros en 2013). No existen importes adicionales por otros servicios.

19.5 Durante el ejercicio 2014, al que corresponden las cuentas anuales que se presentan, la

Fundación Fondo de Cultura de Sevilla, ha realizado todas las inversiones financieras temporales que se encuentran reflejadas en dichas cuentas conforme a los principios y recomendaciones indicados en los Códigos de conducta aprobados en desarrollo de la disposición adicional tercera de la Ley 44/2002, de 22 de noviembre, de Medidas de Reforma del Sistema Financiero, no habiéndose producido desviaciones respecto de los criterios contenidos en los códigos citados.

En especial, se han tenido en cuenta los siguientes principios para seleccionar las distintas inversiones financieras:

Se han establecido sistemas de selección y gestión proporcionados al volumen y naturaleza

de las inversiones financieras temporales realizadas. Las personas que han realizado las inversiones cuentan con los suficientes conocimientos

técnicos, y ofrecen suficientes garantías de competencia profesional e independencia. Se ha valorado la seguridad, liquidez y rentabilidad de las distintas posibilidades de inversión,

vigilando el equilibrio entre estos tres principios, atendiendo a las condiciones del mercado en el momento de la contratación.

Se han diversificado los riesgos, y al objeto de preservar la liquidez de las inversiones, se han

efectuado las inversiones temporales en valores o instrumentos financieros negociados en mercados secundarios oficiales.

No se han realizado operaciones que respondan un uso meramente especulativo de los

recursos financieros, en especial la venta de valores tomados en préstamo al efecto, las operaciones intradía y las operaciones en mercados de futuros y opciones.

19.6 Las funciones de alta dirección son ejercidas por personal de la Fundación y de otras

empresas de Abengoa ascendiendo la remuneración abonada por la Fundación a 164.515,98 euros.

No existen anticipos ni créditos concedidos al conjunto de miembros del Consejo de

Administración, así como tampoco obligaciones asumidas con ellos a título de garantías.

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Nota 20. Estado de flujos de efectivo

Estado de flujos de efectivo de los ejercicios 2014 y 2013

Nota 2014 2013

A) Flujos de efectivo de las actividades de explotación1. Excedente del ejercicio antes de impuestos 3 58.330,67 195.960,72

2. Ajustes del resultado 168.886,80 4.562,08

a) Amortización del inmovilizado (+) 6,7 165.099,64 151.829,76g) Ingresos financieros (-) 9 -166,44 -2,39

h) Gastos financieros (+) 9 90.364,88 80.708,82

j) Variación de valor razonable en instrumentos financieros (+/-) 52.155,36 -89.407,47

k) Imputación de subvenciones, donaciones y legados (-/+) 13 -138.566,64 -138.566,64

3. Cambios en el capital corriente -263.253,33 -76.750,20

b) Deudores y otras cuentas a cobrar (+/-) 10 -51.868,32 19.488,58

d) Acreedores y otras cuentas a pagar (+/-) 14 -211.385,01 -96.238,78

e) Otros pasivos corrientes (+/-)

4. Otros flujos de efectivo de las actividades de explotación. -90.198,44 -80.706,43

a) Pagos de intereses (-) -90.364,88 -80.708,82

c) Cobros de intereses (+) 166,44 2,39

5. Flujos de efectivo de las actividades de explotación (+/- 1+/-2+/-3) -126.234,30 43.066,17

B) Flujos de efectivo de las actividades de inversión6. Pagos por inversiones (-) -12.329,07 -79.132,73

b) Inmovilizado intangible 6 0,00 -18.759,55

c) Inmovilizado material 7 -12.329,07 -59.373,18

f) Otros activos financieros 0,00 -1.000,00

7. Cobros por desinversiones (+) 129.860,86 0,00

c) Inmovilizado material 3.175,95 0,00

f) Otros activos financieros 9 126.684,91 0,00

8. Flujos de efectivo de las actividades de inversión (7-6) 117.531,79 -79.132,73

C) Flujos de efectivo de las actividades de financiación

10. Cobros y pagos por instrumentos de pasivo financiero 55.319,03 -301.819,08

2. Deudas con entidades de crédito (+) 9 55.319,03 -301.819,08

4. Otras deudas (+)

11. Flujos de efectivo de las actividades de financiación (+/-9+/-10) 55.319,03 -301.819,08

E). Aumento/Disminución neta del efectivo o equivalentes (+/-5+/-8+/-11+/-D) 46.616,52 -337.885,64

Efectivo o equivalentes al comienzo del ejercicio 143.784,21 481.669,85

Efectivo o equivalentes al final del ejercicio 190.400,73 143.784,21 Nota 21. Inventario a 31 de diciembre de 2014 Principales Elementos Patrimoniales vinculados a fines propios de la Fundación 21.1. Sede de la Fundación a) Descripción del elemento. Antiguo Hospital de los Venerables Sacerdotes de Sevilla. Sede de la Fundación Fondo de Cultura de Sevilla (Focus-Abengoa). Situado en el Barrio de Santa Cruz, se trata de un edificio alzado a finales del siglo XVII (1697-1698) y restaurado entre los años 1990-1991 por Focus-Abengoa para su uso como sede y escenario de las actividades de la Fundación.

Pág 39

b) Fecha de cesión. El edificio está cedido a Focus-Abengoa por el Arzobispado de Sevilla y la Hermandad de los Venerables para su uso como sede de la Fundación según contrato de arrendamiento firmado con fecha 9 de julio de 1986, por un periodo inicial de 30 años, prorrogables tácitamente. c) Valor contable. Valor Contable 2013 Incremento 2014 Valor Contable 2014

2.699.658,93 € 0 € 2.699.658,93 € Este importe hace referencia íntegramente al coste de las restauraciones y obras de mejora realizadas en ejercicios anteriores. d) Provisiones, amortizaciones y otras partidas compensatorias.

Amortización Valor Neto Contable 1.170.003,07 € 1.529.655,86 €

e) Otras circunstancias significativas. No existen circunstancias de carácter significativo que afecten al elemento patrimonial. El edificio está afecto a las actividades propias de la Fundación y no forma parte de la dotación fundacional. 21.2. Campus Focus-Abengoa Con fecha 22 de junio de 2010 Focus-Abengoa ha firmado un contrato de arrendamiento con Explotaciones CasaQuemada, sociedad dependiente de Inversión Corporativa IC, S.A., matriz de Abengoa, S.A., para la instalación en parte del Cortijo CasaQuemada (Sanlúcar la Mayor, Sevilla) del Campus Focus-Abengoa, por una duración inicial de 30 años. En el ejercicio 2012 Focus-Abengoa activó el coste incurrido en la restauración y rehabilitación de este edificio tradicional, por importe de 36.625,75 euros. 21.3. Instalación de Órgano. a) Descripción del elemento. Órgano de la Iglesia del Hospital de los Venerables, construido en 1991 por el organero alemán Gerhard Grenzing y que posibilita el disfrute, en condiciones óptimas, de la música barroca centroeuropea. b) Fecha de adquisición. Construido para la Iglesia del Hospital de los Venerables, sede de la Fundación, en 1991.

Pág 40

c) Valor contable. Valor Contable 2013 Incremento 2014 Valor Contable 2014

356.029,63 € - 356.029,63 € Este importe está registrado dentro del epígrafe de Otras Instalaciones. d) Variaciones producidas en la valoración. No han existido variaciones en el ejercicio en la valoración de la instalación de Órgano. e) Provisiones, amortizaciones y otras partidas compensatorias.

Amortización Valor Neto Contable 356.029,63 € 0,00 €

f) Otras circunstancias significativas. No existen circunstancias de carácter significativo que afecten al elemento patrimonial. El Órgano está afecto a las actividades propias de la Fundación y no forma parte de la dotación fundacional. 21.4. Pinacoteca Reúne la “Colección Focus-Abengoa. Pintura y Obra Gráfica”, incrementada en 2004 mediante donación efectuada por Abengoa, S.A. de 25 obras con una valoración de 567.885,37 € que pasaron a formar parte del fondo social de la Fundación. El 4 de julio de 2007, Focus-Abengoa adquirió el cuadro “Santa Rufina”, de Diego Velázquez, mediante adjudicación en subasta celebrada en Sotheby´s, Londres, por importe de 12.665.682,66 €. Esta adquisición se completó con la compra de un marco del S.XVII para la obra, por importe de 20.385,15 euros En 2008 Focus-Abengoa adquirió las obras “Vista de Sevilla”, Anónimo, S. XVII y “Santa Catalina de Alejandría”, de Bartolomé Esteban Murillo, por un importe total de 2.190.000,00 euros. En 2009 la Fundación adquirió las obras “San Joaquín y Santa Ana”, S.XVII de Francisco de Herrera el Viejo, “Sagrada Familia”, S.XVII de Bartolomeo Cavarozzi, y la obra “La Inmaculada Concepción”, S. XVII de Diego Velázquez, por un importe total de 8.185.660,66 euros. La Fundación no realiza amortización ya que, por su carácter cultural, se estiman que no son susceptibles de depreciación aunque es evaluada periódicamente, al menos al cierre de cada ejercicio, para identificar si es necesario realizar saneamientos contables de su saldo. Estos importes están registrados en el balance dentro del epígrafe “instalaciones técnicas y otro inmovilizado material” (ver nota 7).

Pág 41

21.5. Esculturas En 2010 Focus-Abengoa adquirió cuatro obras de Gustavo Torner por importe total de 406.600,00 euros. Se sigue el mismo criterio de amortización descrito en el apartado anterior. Dichas esculturas se encuentran expuestas en el Campus Palmas Altas, sede de Abengoa. Se adjunta como anexo Modelo de Inventario Anual con los datos de los Bienes Inventariados en la Fundación, correspondiente al ejercicio 2013. La mayor parte del inmovilizado se ha adquirido en los años indicados, aunque hay ciertos elementos de valor no significativo adquiridos en otros años cuyo importe se ha incluido en los indicados en el anexo. 21.6. Legado Alfonso E. Pérez Sánchez Constituido por biblioteca, fototeca, archivo y obras de arte, el Legado Alfonso E. Pérez Sánchez ha sido donado por sus herederos, Francisco Rocha y Benito Navarrete, a la Fundación Focus-Abengoa, en la ciudad de Sevilla, según acuerdo firmado el 16 de mayo de 2011 ante notario de la ciudad. El Legado constituye probablemente el conjunto privado de biblioteca, fototeca y archivo dedicado a la Historia del Arte más importante de España, con una singularidad temática orientada al estudio de la pintura y el dibujo barroco español e italiano. La colección de obras de arte que le acompaña resume, a su vez, los intereses, gustos y cualidades de connoisseur de Pérez Sánchez, ayudando a dibujar la personalidad de quien fue director clave del Museo Nacional del Prado (1983-1991), asesor artístico de Focus-Abengoa y considerado hasta su desaparición en 2010 uno de los maestros fundamentales de la Historia del Arte en España. La Biblioteca del Legado Pérez Sánchez, con sus 29.700 unidades es una de las más importantes bibliotecas de arte formada en época contemporánea en España, por el número y calidad de fondos que alberga. Se completa con el fondo de libros raros y antiguos, la fototeca o archivo fotográfico, el archivo documental y una colección de 227 obras de arte formada por pinturas, esculturas, dibujos y grabados, que son fiel reflejo del desarrollo de las investigaciones de Pérez Sánchez en el ámbito de la pintura barroca.

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Inventario al cierre del ejercicio 2014

Bienes y Derechos (cifras en euros)

Inmovilizado Intangible - 85.248,48 - -68.616,75 - -

Inmovilizado material 32.600.076,32 -3.674.977,53

Construcciones 3.516.373,01 -1.267.684,93

Restauración Los Venerables 1991 2.607.991,04 - -1.149.522,95 - Vinculado a fines fundacionales

Montera Los Venerables 2000 29.928,92 - -8.574,01 - Vinculado a fines fundacionales

Restauración Biblioteca 2000 19.036,69 - -5.450,54 - Vinculado a fines fundacionales

Office Los Venerables 2006 42.702,28 -6.455,55 - Vinculado a fines fundacionales

Campus Focus-Abengoa 2010-2012 816.714,08 -97.681,87 - Vinculado a fines fundacionales

Otras Instalaciones 2.188.148,68 -2.062.353,90

Instalación Eléctrica 1991 698.094,04 - -677.267,97 - Vinculado a fines fundacionales

Instalación Aire Acondicionado 1991 428.365,51 - -412.811,61 - Vinculado a fines fundacionales

Instalación de Seguridad 1991 444.780,39 - -415.606,92 - Vinculado a fines fundacionales

Instalación Organo 1991 356.029,63 - -356.029,63 - Vinculado a fines fundacionales

Instalación Megafonía 1991 31.057,97 - -31.057,97 - Vinculado a fines fundacionales

Instalación Telefonía 1991 11.016,28 - -11.016,28 - Vinculado a fines fundacionales

Otras Instalaciones 1991 15.541,84 - -14.821,04 - Vinculado a fines fundacionales

Instalación Centro Velázquez 2008 188.138,35 - -137.995,09 Vinculado a fines fundacionales

Instalación Campus 2011 15.124,67 -5.747,37 Vinculado a fines fundacionales

Mobiliario 285.341,54 -273.559,92

Mobiliario 1991 238.729,63 - -230.051,17 - Vinculado a fines fundacionales

Equipos de Oficina 1991 3.582,87 - -3.413,69 - Vinculado a fines fundacionales

Enseres 1991 43.029,04 - -40.095,05 - Vinculado a fines fundacionales

Equipos de Proceso de Información 75.544,44 -71.378,78

Equipos de Proceso de Información 1991-2008 75.544,44 - -71.378,78 - Vinculado a fines fundacionales

Otro Inmovilizado material 26.534.668,65 -

Biblioteca 1991 307.301,02 - - - Vinculado a fines fundacionales

Pinacoteca 1991 640.632,96 - - - Vinculado a fines fundacionales

Pinacoteca 2004 567.885,37 - - - Vinculado a fines fundacionales

Santa Rufina 2007 12.686.067,81 - - - Vinculado a fines fundacionales

Pinacoteca 2008 2.190.000,00 - - - Vinculado a fines fundacionales

Pinacoteca 2009 8.233.283,13 - - - Vinculado a fines fundacionales

Pinacoteca 2012 19.631,61 - - - Vinculado a fines fundacionales

Videoteca 1991 4.146,98 - - - Vinculado a fines fundacionales

Obras Musicales 1991 21.035,42 - - - Vinculado a fines fundacionales

Grabados 1991 50.824,35 - - - Vinculado a fines fundacionales

Esculturas 2010 413.860,00 - - - Vinculado a fines fundacionales

Legado APS 2011 1.400.000,00

Bienes del Patrimonio Histórico - - - - - -

Provisiones, amortizaciones y otras partidas compensadoras

Cargas y gravámenes que afecten al elemento

Otras circunstancias: Forma parte de la dotación

Fundacional o está vinculado directamente al cumplimiento

de fines fundacionales

Descripción del elementoFecha de

adquisiciónValor Contable

Total

Otras valoraciones

realizadas

Appendix IV – Emissions certificate

Zeroemissions certifica que:

ZEROEMISSIONS

Ha compensado 369 toneladas de CO2

equivalente correspondientes a las emisionesde gases de efecto invernadero derivadas dela totalidad de sus actividades en 2014, segúnindicado en el anexo a este certificado

La Fundación Focus-Abengoa demuestra así sucompromiso con la sostenibilidad y por lalucha contra el cambio climático.

María Elena Fernández Ibáñez

20 de Abril de 2015

ZEROEMISSIONS

Créditos empleados:

• Los créditos empleados en la compensación provienen delproyecto “Keban 5 MW Hydropower Plant” certificado segúnVCS (número de serie 1307-57279038-57279546-VCU-008-MER-TR-1-598-09052007-31122007-0), un proyecto hidroeléctrico depequeña escala localizado en una de las regiones menosdesarrolladas de Turquía. El objetivo de este proyecto voluntariode reducción de emisiones es generar electricidad y reducir lasemisiones de una manera eficiente, limpia, fiable y renovablecon el máximo respeto en los aspectos social y medioambientales.

• Los créditos generados como consecuencia de la contabilizacióny monitoreo del proyecto sirvieron de ayuda para impulsar eldesarrollo del proyecto, sin los cuales el proyecto no habríapodido tener lugar.

• Para más información sobre el proyecto, consultar

http://www.tuv.com/media/germany/10_industrialservices/download_co2cert/Keban_Wasserkraftprojekt_TUeV_Rheinland~1.pdf

Alcance de la compensación:•Incluye las emisiones derivadas de la operación

normal de la Fundación Focus-Abengoa duranteel año 2014.

•Las emisiones son calculadas y reportadas por laFundación Focus-Abengoa.

Fuentes incluidas en la compensación:

•Emisiones indirectas asociadas a los distintosproveedores.

•Emisiones indirectas derivadas del consumoeléctrico en las instalaciones de Focus-Abengoa.

• Emisiones indirectas asociadas a la cadena de valor de los combustibles empleados para producir la energía consumida.

• Emisiones directas asociadas al uso y recarga de sistemas de refrigeración.