ArcelorMittal Annual Report 2008

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Notes to the Consolidated Financial Statements continued ArcelorMittal and Subsidiaries (millions of U.S. dollars, except share and per share data) Note 13: Balances and Transactions with Related Parties Transactions with related parties, all of which are associates or joint ventures of the Company, were as follows: Sales Trade receivables Year ended Year ended Year ended Year ended Transactions December 31, 2007 December 31, 2008 December 31, 2007 December 31, 2008 Macsteel Int’l Holding & Subsidiaries 941 729 45 25 I/N Kote 408 347 6 — Polski Koks 445 632 81 31 Coils Lamiere Nastri (“CLN”) SPA 645 797 107 51 Gonvarri Industrial SA 275 553 1 25 WDI 175 106 3 — Zaklad Przetworstwa 169 240 21 5 Stalprofil S.A. 111 111 13 9 Lamines Marchands Europeens SA 168 165 37 5 Borcelik Celik Sanayii Ticaret AS 214 315 39 — Florin Centrum 47 64 7 6 Gouvauto SA 145 239 12 22 GTC — 167 — 34 Berg Steel Pipe Corp 110 113 — — ArcelorMittal Gonvarri SSC Slovakia 92 121 12 1 Gestamp Servicios 71 70 7 3 Gonvarri Productos Siderurgicos SA 67 82 11 3 Bamesa Celik Servis Sanayii Ticaret AS 66 92 19 9 Hierras Aplanaciones SA 65 93 9 11 Gonvarri Brasil SA 62 314 22 13 Noury SA 50 62 5 3 Alcat SP 36 71 12 6 Consolidated Wire Industries Limited 36 52 4 1 Condesa Favril Sa — 136 — 4 Noble 1 — 113 — 21 Westfälische Drahtindustrie — 94 — 1 Arcelor SSC Sverige AB — 63 — 6 Glacier Trading Centre FZE — 55 — 13 Other 369 415 94 65 Total 4,767 6,411 567 373 1 During 2008, the Company granted a long-term loan to Noble International Ltd. (“Noble”) of 85. The outstanding balance payable by Noble as of December 31, 2008 is 86, for the principal and accrued interest. 106
Purchases of raw materials & others Trade payables Year ended Year ended Year ended Year ended Transactions December 31, 2007 December 31, 2008 December 31, 2007 December 31, 2008 Polski Koks 623 490 72 21 E.I.M.P 282 274 — — Forges et Acieries de Dillingen 330 129 56 41 I/N Tek (Tolling charges) 136 57 31 — Peña Colorada 70 85 41 39 PCI Associates (Tolling Fees) 45 — — — Eko Recycling GmbH — 50 — 1 Borcelik Celik Sanyaii Ticaret AS 198 188 40 20 ArcelorMittal Gonvarri SSC Slovakia 64 1 8 4 ATIC Services 164 79 22 2 Dillinger Hütte Saarstahl AG 103 8 24 1 Cia Hispano Brasileira de Pelotizaçao SA 60 98 12 18 Macarthur Coal LTD — 132 — 30 SOTEG — 107 — 24 Noble — 78 — 17 SOMEF — 59 — 9 ArcelorMittal Insurance Consultants SA — 51 — 9 Other 333 505 140 106 Total 2,408 2,391 446 342 Transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated in consolidation and are not disclosed in this note. Refer to note 26 for disclosure of transactions with key management personnel. 107 2008 Consolidated Financial Statements continued ArcelorMittal Annual Report 2008
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ArcelorMittal Annual Report 2008
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Contents Management Report 01 Our P
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Our Philosophy ArcelorMittal1 is th
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Whilst we must accept that real dem
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To this end, I must thank all our e
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Given the prime importance of Healt
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What is the outlook for the year ah
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July ArcelorMittal and AREVA sign a
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Health and Safety: The Number 1 Pri
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Health and Safety: The Number 1 Pri
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In 2008, ArcelorMittal and trade un
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Board of Directors Lakshmi N Mittal
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Board of Directors continued Vanish
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Senior Management - Group Managemen
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“ When people hear the word susta
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ArcelorMittal is the largest produc
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ArcelorMittal’s brand promise is
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International mobility Internationa
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ArcelorMittal’s longer-term respo
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ArcelorMittal Foundation The Arcelo
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The Casa Buna prototype was constru
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Las Truchas Vinton Guanajuato Láza
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Africa Jorf Lasfar Tiris Zemmour Ye
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Mergers and acquisitions have histo
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The following table provides a summ
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Operational Review - Operating inco
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Operating income for the year ended
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Customers and Innovation Much of th
Page 59 and 60: • In Russia, ArcelorMittal was in
Page 61 and 62: Analysts and Investors As the world
Page 64 and 65: Corporate Governance Board of Direc
Page 66 and 67: Corporate Governance continued Grou
Page 68 and 69: Corporate Governance continued Comp
Page 70 and 71: Corporate Governance continued The
Page 72 and 73: Share Capital and Voting Rights Arc
Page 74 and 75: By 2012, Spain is expected to have
Page 76 and 77: Underpinning all our operations is
Page 78 and 79: Consolidated Balance Sheets Arcelor
Page 80 and 81: Consolidated Statements of Changes
Page 82 and 83: Notes to the Consolidated Financial
Page 150 and 151: Auditors’ Report on the Consolida
Page 152 and 153: Profit and Loss Account ArcelorMitt
Page 154 and 155: Notes to the Annual Accounts contin
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Notes to the Annual Accounts contin
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Auditors’ Report on the Annual Ac
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Notes 160
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Notes 162
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Photography: ArcelorMittal Photo Li
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ArcelorMittal Annual Report 2008

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