Report 2010 - Italcementi Group

More documents

Recommendations

Info

knowledge of the company and its dynamics and are informed about the main legislative and regulatory framework amendements concerning the company and its corporate bodies. The directors act and pass informed resolutions independently, in the pursuit of the primary goal of creating value for shareholders. They accept their offices aknowledging that they can devote the due time to diligent performance of their duties. Pursuant to the «Code», effective performance of the duties of director is deemed consistent with no more than: - 5 offices as executive director, - 10 offices as non-executive director or independent director or statutory auditor in companies listed on regulated markets in Italy and abroad, in financial, banking, insurance or major companies, excluding subsidiaries of Italcementi S.p.A., parents and companies subject to joint control. A list of the positions as director, statutory auditor, and chief operating officer held by each director in other companies listed on regulated markets in Italy or abroad, in financial, banking, insurance or major companies is set out below: Giampiero Pesenti * Italmobiliare S.p.A. - Chairman and Chief Executive Officer * Ciments Français S.A. - Director (representing Italcementi S.p.A.) * Fincomind AG - Deputy Chairman * Allianz S.p.A. - Director * Compagnie Monegasque de Banque - Director * Credit Mobilier de Monaco - Director * Finter Bank Zürich - Director * Mittel S.p.A. - Director * Pirelli S.p.A. - Director * Rcs Quotidiani S.p.A. - Director Pierfranco Barabani * Ciments Français S.A. - Director (representing Société Internationale Italcementi (Luxembourg) S.A.) Carlo Pesenti * Italmobiliare S.p.A. - Director - Chief Operating Officer * Ciments Français S.A. - Deputy Chairman * Mediobanca S.p.A. - Director * RCS MediaGroup S.p.A. - Director * Unicredit S.p.A. - Director * Ambienta SGR - Director Alberto Bombassei * Brembo S.p.A. - Chairman – Chief Executive Officer * Atlantia S.p.A. - Director * Ciccolella S.p.A. - Director * Nuovo Trasporto Viaggiatori S.p.A. - Director * Pirelli S.p.A. - Director Giorgio Bonomi * Italmobiliare S.p.A. - Director * IGP - Decaux S.p.A. - Director 180
2010 Annual Report Presentation 6 Consolidated Annual Report 28 Corporate Governance Report on Corporate Governance and ownership structure 168 Annexes 218 Alberto Clô * Atlantia S.p.A. - Director * ENI S.p.A. - Director * De Longhi S.p.A. - Director * Iren S.p.A. - Director Federico Falck * Falck S.p.A. - Chairman * Falck Renewables S.p.A. - Chairman * Riesfactoring S.p.A. - Chairman * Banca Popolare di Sondrio S.c.r.l. - Director Pietro Ferrero * Ferrero S.p.A. - Chairman * Ferrero International S.A. - Chief Executive Officer Italo Lucchini * Italmobiliare S.p.A. - Deputy Chairman * Unione di Banche Italiane S.c.p.a. - Supervisory Director * Ciments Français S.A. - Director * BMW Italia S.p.A. - Chairman Board of Statutory Auditors * BMW Financial Services Italia S.p.A. - Chairman Board of Statutory Auditors Sebastiano Mazzoleni * Ciments Français S.A. - Director (representing Sicil.Fin. S.r.l.) Yves René Nanot * Ciments Français S.A. - Chairman * Rhodia S.A. - Director * Asia Cement Public Co. Ltd - Director * Ciments du Maroc - Director * Essroc Corporation - Director * Set Group Holding - Director * Suez Cement Company - Director * Zuari Cement Ltd - Director Marco Piccinini * Ferrari S.p.A. - Director * Finter Bank Zürich - Director * Montezemolo & Partners S.p.A. - Director Attilio Rota * Banca d’Italia – Bergamo branch - Director - Examiner Carlo Secchi * Allianz S.p.A. - Director * Expo 2015 S.p.A. - Director * Mediaset S.p.A. - Director * Parmalat S.p.A. - Director * Pirelli & C. S.p.A. - Director Elena Zambon * Secofind S.I.M. S.p.A. - Chairman * Zambon S.p.A. - Chairman * Zambon Company S.p.A. - Director 181 www.italcementigroup.com
Page 1 and 2:
2010 Annual Report
Page 3 and 4:
2010 Annual Report Italcementi S.p.
Page 5 and 6:
In the past three financial years w
Page 7 and 8:
2010 Annual Report Presentation Gen
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25:
Page 28 and 29:
Directors’ report Following the a
Page 30 and 31:
Significant events for the year Sig
Page 32 and 33:
Business and financial performance
Page 34 and 35:
Fourth-quarter sales volumes and in
Page 36 and 37:
Revenues and operating results Cont
Page 38 and 39:
Total comprehensive income In 2010,
Page 40 and 41:
Net debt breakdown (in millions of
Page 42 and 43:
2010 to the Internal Control Commit
Page 44 and 45:
Conformity risks The Group is subje
Page 46 and 47:
constraints imposed by the stringen
Page 48 and 49:
The construction sector reported a
Page 50 and 51:
ASIA Thailand India Others (1) Tota
Page 52 and 53:
The reduction arose essentially as
Page 54 and 55:
Turkey Work continued in 2010 to ob
Page 56 and 57:
variable amount. The fixed amount i
Page 58 and 59:
Information systems The three-year
Page 60 and 61:
Raw materials and alternative fuels
Page 62 and 63:
Engineering, technical assistance,
Page 64 and 65:
serves public companies and institu
Page 66 and 67:
Set Group Holding represents a sign
Page 68 and 69:
Financial statements Balance sheet
Page 70 and 71:
Statement of comprehensive income (
Page 72 and 73:
Consolidated cash flow statement No
Page 74 and 75:
21. Deferred tax 22. Net debt 23. O
Page 76 and 77:
no longer generate goodwill, nor ga
Page 78 and 79:
Subsidiaries Subsidiaries are compa
Page 80 and 81:
1.5. Translation of foreign currenc
Page 82 and 83:
1.10. Intangible assets Intangible
Page 84 and 85:
deferred tax assets are reviewed at
Page 86 and 87:
Pending publication of a standard/i
Page 88 and 89:
2. Exchange rates used to translate
Page 90 and 91:
4. Operating segment disclosure The
Page 92 and 93:
Operating segments The table below
Page 94 and 95:
The table below sets out other segm
Page 96 and 97:
Assets 5 Property, plant and equipm
Page 98 and 99:
6.2 Goodwill testing Goodwill acqui
Page 100 and 101:
“Concessions” are amortized ove
Page 102 and 103:
9. Other equity investments This no
Page 104 and 105:
12. Trade receivables (in thousands
Page 106 and 107:
17. Dividends paid Dividends declar
Page 108 and 109:
The movements in defined benefit li
Page 110 and 111:
20. Provisions Non-current and curr
Page 112 and 113:
22.1 Loans and borrowings Loans and
Page 114 and 115:
) in the third quarter of 2010, Ita
Page 116 and 117:
v) in the third quarter of 2010, Ci
Page 118 and 119:
Fair value - hierarchy In determini
Page 120 and 121:
In 2009 and 2010, in view of the su
Page 122 and 123:
22.4 Interest-rate risk Notional va
Page 124 and 125:
22.6 Exposure to exchange-rate risk
Page 126 and 127:
22.8 Hedge Accounting The effects a
Page 128 and 129:
At December 31, 2010, the average m
Page 130 and 131: 25. Goods and utilities expenses Go
Page 132 and 133: The following table sets out the de
Page 134 and 135: The reconciliation between the theo
Page 136 and 137: 34. Transactions with related parti
Page 138 and 139: 36. Cash flow statement 36.1. Cash
Page 140 and 141: 38. Considerations to the Independe
Page 142 and 143: Annex 1 The following table has bee
Page 144 and 145: Company Registered office Share cap
Page 150: Representation form pursuant to art
Page 154 and 155: Financial statements Balance sheet
Page 156 and 157: Statement of comprehensive income (
Page 158 and 159: Cash flow statement 2010 2009 (euro
Page 160 and 161: Transactions with related parties o
Page 164 and 165: Summary of resolutions The Annual G
Page 166 and 167: Extraordinary session: 1) to amend
Page 168 and 169: Report on Corporate Governance and
Page 170 and 171: c) Significant shareholders as disc
Page 172 and 173: In the event of presentation of mor
Page 174 and 175: By resolution of June 20 th , 2007,
Page 176 and 177: d) Analysis of controls at process
Page 178 and 179: 8) the various company functions, w
Page 182 and 183: Emilio Zanetti * Unione di Banche I
Page 184 and 185: at their request, the Chief Executi
Page 186 and 187: The lists must be presented at the
Page 188 and 189: - for the simultaneous replacement
Page 190 and 191: Within the Board of Directors, the
Page 192 and 193: their level of agreement has been m
Page 194 and 195: The Board of Directors, with the as
Page 196 and 197: TABLE 2 BOARD OF STATUTORY AUDITORS
Page 198 and 199: Code of ethics The Code, approved f
Page 200 and 201: only if the unrelated shareholders
Page 202 and 203: EQUITY INVESTMENTS OF DIRECTORS, ST
Page 204 and 205: parent company, on a regular basis,
Page 206 and 207: Stock option plan for directors - 2
Page 208 and 209: Based on the opinion of the Committ
Page 210 and 211: g) Share capital increase; disposal
Page 212 and 213: Italcementi S.p.A. will have a pre-
Page 214 and 215: iii) approving for each assignee th
Page 216 and 217: 216
Page 218 and 219: Annex 1 Highlights from the most re
Page 220 and 221: (in thousands of euro) Full name Po
Page 222 and 223: STOCK OPTIONS GRANTED TO DIRECTORS
Page 224 and 225: CIMENTS FRANÇAIS S.A. Options held
Page 226 and 227: Corporate bodies resulting from the
Page 228: italcementi S.p.A. Via G. Camozzi,
show all

Report 2010 - Italcementi Group

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?