Report 2010 - Italcementi Group

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Statement of comprehensive income (in thousands of euro) Notes 2010 % 2009 % Change % Net profit for the period 197,068 4.1 215,317 4.3 (18,249) -8.5 Fair value adjustments to: Available-for-sale financial assets 12,796 32,973 (20,177) Derivative financial instruments 11,750 (36,486) 48,236 Translation differences 201,211 (40,448) 241,659 Tax relating to components of other comprehensive income (1,901) 11,027 (12,928) Components of other comprehensive income 32 223,856 (32,934) 256,790 Total comprehensive income 420,924 8.8 182,383 3.6 238,541 130.8 Attributable to: Equity holders of the parent 200,893 61,169 139,724 Non-controlling interests 220,031 121,214 98,817 70
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 Statement of movements in consolidated total shareholders' equity Non- Total Attributable to equity holders of the parent controlling shareholders’ (in millions of euro) interests equity Riserve Share Share Fair value Fair value Other Translation Treasury Retained Total capital premium reserve for reserve for reserves reserve shares earnings capital and reserve available- derivative reserves for-sale financial financial instruments assets Balances at December 31, 2008 (re-stated) 282.5 344.1 17.5 2.5 92.5 (97.6) (58.7) 2,747.6 3,330.3 1,291.3 4,621.6 Net profit for the period 71.3 71.3 144.0 215.3 Total components of the other comprehensive income 30.1 (21.4) (18.9) (10.1) (22.8) (32.9) Stock options 12.0 12.0 1.1 13.1 Distribution of profits: Dividends (53.3) (53.3) (71.0) (124.3) % change in control and consolidation area 0.5 2.3 3.0 (3.5) (0.5) Balances at December 31, 2009 282.5 344.1 47.6 (18.9) 105.1 (116.5) (58.7) 2,767.9 3,353.1 1,339.1 4,692.2 Net profit for the period 45.8 45.8 151.3 197.1 Total components of the other comprehensive income 6.4 8.8 139.9 155.1 68.7 223.9 Stock options 3.1 3.1 0.5 3.6 Distribution of profits: Dividends (33.4) (33.4) (96.6) (130.0) % change in control and consolidation area 0.2 1.2 1.4 (2.2) (0.8) Balances at December 31, 2010 282.5 344.1 54.0 (10.1) 108.3 23.5 (58.7) 2,781.5 3,525.1 1,460.9 4,985.9 71 www.italcementigroup.com
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2010 Annual Report
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2010 Annual Report Italcementi S.p.
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In the past three financial years w
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2010 Annual Report Presentation Gen
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Page 19 and 20: 2010 Annual Report Presentation Gen
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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 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
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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
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Page 118 and 119: Fair value - hierarchy In determini
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In 2009 and 2010, in view of the su
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22.4 Interest-rate risk Notional va
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22.6 Exposure to exchange-rate risk
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22.8 Hedge Accounting The effects a
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At December 31, 2010, the average m
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25. Goods and utilities expenses Go
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The following table sets out the de
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The reconciliation between the theo
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34. Transactions with related parti
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36. Cash flow statement 36.1. Cash
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38. Considerations to the Independe
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Annex 1 The following table has bee
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Company Registered office Share cap
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Representation form pursuant to art
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Financial statements Balance sheet
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Statement of comprehensive income (
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Cash flow statement 2010 2009 (euro
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Transactions with related parties o
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Summary of resolutions The Annual G
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Extraordinary session: 1) to amend
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Report on Corporate Governance and
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c) Significant shareholders as disc
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In the event of presentation of mor
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By resolution of June 20 th , 2007,
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d) Analysis of controls at process
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8) the various company functions, w
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knowledge of the company and its dy
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Emilio Zanetti * Unione di Banche I
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at their request, the Chief Executi
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The lists must be presented at the
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- for the simultaneous replacement
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Within the Board of Directors, the
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their level of agreement has been m
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The Board of Directors, with the as
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TABLE 2 BOARD OF STATUTORY AUDITORS
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Code of ethics The Code, approved f
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only if the unrelated shareholders
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EQUITY INVESTMENTS OF DIRECTORS, ST
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parent company, on a regular basis,
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Stock option plan for directors - 2
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Based on the opinion of the Committ
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g) Share capital increase; disposal
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Italcementi S.p.A. will have a pre-
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iii) approving for each assignee th
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216
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Annex 1 Highlights from the most re
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(in thousands of euro) Full name Po
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STOCK OPTIONS GRANTED TO DIRECTORS
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CIMENTS FRANÇAIS S.A. Options held
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Corporate bodies resulting from the
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italcementi S.p.A. Via G. Camozzi,
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Report 2010 - Italcementi Group

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