The table below sets out other segment data at December 31, <strong>2010</strong>: December 31, <strong>2010</strong> Operating assets Operating liabilities Investments in associates Depreciation PPE and amortization intangible assets Impairment (in thousands of euro) Italy 1,173,675 285,394 4,498 (90,626) 1,337 France-Belgium 1,958,148 491,672 7,876 (99,902) (1,308) Spain 547,913 58,570 - (20,547) (2,890) Others C.W.E. 101,708 20,746 61,605 (4,396) - Eliminations (5,822) (5,814) - - - C.W.E. 3,775,622 850,568 73,979 (215,471) (2,861) North America 1,127,477 122,122 86,331 (69,883) - Egypt 1,306,461 223,198 5,862 (76,338) (3,030) Morocco 630,146 116,810 40,706 (26,836) Others EE.NA.ME. 521,267 63,702 1,269 (27,201) (1,302) Eliminations (266) (266) - - - EE.NA.ME. 2,457,608 403,444 47,837 (130,375) (4,332) Thailand 355,035 40,250 - (22,019) (26) India 455,201 61,045 - (15,742) - Others Asia 116,772 15,782 - (9,175) (744) Eliminations - - - - - Asia 927,008 117,077 - (46,936) (770) Cement & clinker trading 80,720 35,658 4,114 (2,921) Other operations 171,446 135,001 - (6,957) (19) Unallocated postings - - - - - Eliminations (96,261) (101,644) - - - Total 8,443,620 1,562,226 212,261 (472,543) (7,982) 94
<strong>2010</strong> Annual <strong>Report</strong> Presentazione 6 Consolidated Annual <strong>Report</strong> Directors’ report 27 Corporate Governance Consolidated financial statements Financial statements 68 <strong>Italcementi</strong> S.p.A. financial statements Notes 73 Annexes 142 <strong>Report</strong> of the Independent Auditors 151 The table below sets out other segment data at December 31, 2009: December 31, 2009 Operating assets Operating liabilities Investments in associates Depreciation PPE and amortization intangible assets Impairment (in thousands of euro) Italy 1,223,294 292,314 29,380 (96,035) (13,901) France-Belgium 2,058,352 500,583 8,169 (104,032) (1,606) Spain 582,001 62,615 - (24,163) (1,898) Others C.W.E. 103,496 24,486 63,532 (4,413) - Eliminations (3,934) (3,933) - - - C.W.E. 3,963,209 876,065 101,081 (228,643) (17,405) North America 1,066,420 135,671 73,879 (47,860) (10,043) Egypt 1,300,142 195,881 5,110 (78,287) - Morocco 536,862 97,103 40,447 (23,630) - Others EE.NA.ME. 494,008 54,619 1,279 (28,969) - Eliminations (320) (319) - - - EE.NA.ME. 2,330,692 347,284 46,836 (130,886) - Thailand 305,485 31,907 - (21,710) (19,797) India 348,016 40,349 - (13,478) Others Asia 101,803 13,028 1,672 (7,616) Eliminations - - - - - Asia 755,304 85,284 1,672 (42,804) (19,797) Cement & clinker trading 65,127 33,790 4,969 (2,549) - Other operations 188,545 134,013 - (7,013) (6,711) Unallocated postings - - - - - Eliminations (99,456) (104,032) - - - Total 8,269,841 1,508,075 228,437 (459,755) (53,956) Operating assets and liabilities include all current and non-current assets and liabilities with the exception of tax and financial assets and liabilities. 95 www.italcementigroup.com
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Directors’ report Following the a
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Significant events for the year Sig
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Fourth-quarter sales volumes and in
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Revenues and operating results Cont
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Total comprehensive income In 2010,
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Net debt breakdown (in millions of
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2010 to the Internal Control Commit
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Company Registered office Share cap
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Company Registered office Share cap
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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,