Report 2010 - Italcementi Group

2010 Annual Report
Presentazione 6
Consolidated Annual Report Directors’ report 27
Corporate Governance Consolidated financial statements Financial statements 68
Italcementi S.p.A. financial statements Notes 73
Annexes 142
Report of the Independent Auditors 151
Company
Registered office
Share capital
Interest held by Group companies
Method
Direct Indirect %
Compagnie des Ciments Belges S.A. Tournai B € 295,031,085.00 - 100.00 39.74 Ciments Français S.A. Line-by-line
38.78 Ciments Français Europe N.V.
21.40 Ciments Calcia S.a.s.
0.08 Compagnie Financière et de Participations S.A.
Compagnie Financière et de Participations S.a.s. Puteaux F € 18,000,000.00 - 100.00 100.00 Ciments Français S.A. Line-by-line
Compania General de Canteras S.A. Malaga E € 479,283.69 - 99.41 96.12 Sociedad Financiera y Minera S.A. Line-by-line
3.29 Sax S.a.s.
Conglomerantes Hidraulicos Especiales S.A. Madrid E € 2,361,960.00 - 85.00 85.00 Sociedad Financiera y Minera S.A. Line-by-line
De Paepe Béton N.V. Ghent B € 500,000.00 - 99.99 99.99 Compagnie des Ciments Belges S.A. Line-by-line
DECOM Egyptian Co for Development
of Building Materials SAE Cairo EGY LE 63,526,401.28 - 99.99 99.99 Ready Mix Production Universal Company Line-by-line
Decoux S.a.s. Beaucaire F € 120,000.00 - 100.00 100.00 Tratel S.a.s. Line-by-line
Development for Industries Co. SAE Cairo EGY LE 15,000,000.00 - 100.00 90.00 Suez Cement Company Line-by-line
5.00 Helwan Cement Co.
5.00 Tourah Portland Cement Company
Devnya Bulk Services EAD Devnya BUL LEV 50,000.00 - 100.00 100.00 Devnya Cement AD
Devnya Cement AD Devnya BUL LEV 1,028,557.00 - 99.97 99.97 Marvex Line-by-line
Devnya Finance A.D. Devnya BUL LEV 5,000,000.00 - 50.00 50.00 Devnya Cement AD Equity
Divas Beheer B.V. Amstelveeu NL € 18,768.92 - 100.00 100.00 Ciments Français Europe N.V. Line-by-line
Dobrotitsa BSK A.D. Dobrich BUL LEV 88,954.00 - 26.40 26.40 Devnya Cement AD
Dragages et Carrières S.A. Epervans F € 1,000,000.00 - 49.99 49.99 GSM S.a.s. Proportionate
Dragages Transports & Travaux La Rochelle F € 3,947,894.00 - 50.00 33.33 GSM S.a.s. Proportionate
Maritimes S.A. 16.67 Granulats Ouest - GO
Dunkerque Ajouts Snc Paris F € 6,000.00 - 34.00 34.00 Ciments Calcia S.a.s.
Ecocem Valorizacion de Residuos S.A. Barcelona E € 109,290.00 - 16.33 16.33 Sociedad Financiera y Minera S.A.
Entreprise Lorraine d’Agriculture
ELDA S.A.R.L. Heillecourt F € 10,000.00 - 100.00 100.00 GSM S.a.s.
Essroc Canada Inc. Mississauga CAN CAD 258,135,174.00 - 100.00 100.00 Essroc Corporation Line-by-line
Essroc Cement Corp. Nazareth USA USD 8,330,000.00 - 100.00 100.00 Essroc Corporation Line-by-line
Essroc Corporation Nazareth USA USD 1,000.00 - 100.00 100.00 Essroc International Line-by-line
Essroc International Puteaux F € 244,398,096.00 - 100.00 100.00 Ciments Français S.A. Line-by-line
Essroc Ready Mix Corp Nazareth USA USD 1.00 - 100.00 100.00 Essroc Cement Corp. Line-by-line
Essroc San Juan Inc. Espinosa P.RICO USD 10,000.00 - 100.00 100.00 Essroc Cement Corp. Line-by-line
ET Béton S.A. Aspropyrgos GR € 5,616,474.70 - 99.99 99.99 Halyps Building Materials S.A. Line-by-line
Eurarco France S.A. Le Crotoy F € 1,520,000.00 - 64.99 64.99 GSM S.a.s. Line-by-line
Eurocalizas S.L. Cantabria E € 723,030.00 - 33.33 33.33 Hormigones y Minas S.A.
Eurotech Cement S.h.p.k. Durres ALB LEK 273,214,000.00 - 84.00 84.00 Halyps Building Materials S.A. Line-by-line
Fraimbois Granulats S.A.R.L. Moncel les Luneville F € 75,000.00 - 50.00 50.00 GSM S.a.s. Proportionate
Gacem Company Limited Serrekunda GAM GMD 4,500,000.00 - 80.00 80.00 Tercim S.A. Line-by-line
Goltas Goller Bolgesi Cimento
Sanayi ve Ticaret Isparta TR YTL 20,000,000.00 - 35.02 35.02 Ciments Français S.A.
Granulats de la Drôme S.a.s. Saint Jean de Vedas F € 1,011,600.00 - 51.01 51.01 GSM S.a.s. Line-by-line
Granulats Ouest - GO Saint Herblain F € 784,657.44 - 100.00 100.00 GSM S.a.s. Line-by-line
Graves de l’Estuaire de la Gironde L.G.E.G. St. Jean de Blaignac F - - - 50.00 50.00 GSM S.a.s. Proportionate
Greyrock Inc. Nazareth USA USD 1,000.00 - 100.00 100.00 Essroc Cement Corp. Line-by-line
Groupe Ciment Quebec Inc. St. Basile CAN CAD 57,000,000.00 - 50.00 50.00 Essroc Canada Inc. Equity
GSM S.a.s. Guerville F € 18,675,840.00 - 99.99 99.99 Ciments Français S.A. Line-by-line
Gulf Ready Mix Concrete Company WLL Kuwait KWT KWD 100,000.00 - 100.00 99.90 Al Mahaliya Ready Mix Concrete WLL Line-by-line
0.10 Hilal Cement Company
Halyps Building Materials S.A. Aspropyrgos GR € 42,718,428.06 - 99.90 59.88 Ciments Français S.A. Line-by-line
40.02 Sociedad Financiera y Minera S.A.
(voting rights:
59.92 Ciments Français S.A.
39.99 Sociedad Financiera y Minera S.A.)
145
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