2012 Annual Report - Italcementi Group
2012 Annual Report - Italcementi Group
2012 Annual Report - Italcementi Group
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<strong>2012</strong> <strong>Annual</strong> <strong>Report</strong><br />
Presentation 4<br />
General information 14<br />
<strong>Annual</strong> <strong>Report</strong> Consolidated <strong>Annual</strong> <strong>Report</strong> Directors’ report 30<br />
Sustainability disclosure <strong>Italcementi</strong> S.p.A. <strong>Annual</strong> <strong>Report</strong> Consolidated financial statements 63<br />
Extraordinary session 351<br />
23. Other current liabilities<br />
(in thousands of euro)<br />
December 31,<br />
<strong>2012</strong><br />
December 31,<br />
2011<br />
Due to employees 101,133 105,577<br />
Due to social security authorities 55,064 56,652<br />
Due to tax authorities 69,583 80,321<br />
Derivatives 21,744 37,342<br />
Purchase commitments on non-controlling interests 45,803 67,768<br />
Advances from customers 72,601 73,522<br />
Due to suppliers for non-current assets 76,915 99,642<br />
Other 119,275 116,364<br />
Total 562,118 637,188<br />
Purchase commitments on non-controlling interests refer to 48% of the shares of Universal Co. for Ready Mix<br />
Concrete in Egypt, 42% of the shares of Hilal in Kuwait and 26% of the shares of Gulbarga in India.<br />
Derivatives are discussed in note 22.3.1 Derivatives.<br />
24. Commitments<br />
(in millions of euro)<br />
December 31,<br />
<strong>2012</strong><br />
December 31,<br />
2011<br />
Collateral given<br />
- Pledges 18.2 12.6<br />
- Liens and mortgages 98.3 119.3<br />
Total collateral given 116.5 131.9<br />
Deposits, guarantees, sureties and other 118.0 117.8<br />
Total 234.5 249.7<br />
Collateral given at December 31, <strong>2012</strong> consisted mainly of mortgages and liens securing loans and borrowings<br />
at the Indian subsidiaries.<br />
Contracts and orders issued for investments amounted to 228.6 million euro at December 31, <strong>2012</strong>; they<br />
referred mainly to property, plant and equipment, as follows:<br />
December 31, less than 1 year 1 to 5 years more than 5 years<br />
(in millions of euro)<br />
<strong>2012</strong><br />
Commitments for PPE purchases 228.6 164.4 64.2 -<br />
25. Raw materials and supplies<br />
Raw materials and supplies amounted to 1,866,121 thousand euro, as follows:<br />
(in thousands of euro) <strong>2012</strong> 2011 Change<br />
Raw materials and semifinished goods 488,769 542,318 (53,549)<br />
Fuel 405,897 503,499 (97,602)<br />
Packaging, materials, machinery 270,151 285,588 (15,437)<br />
Finished goods 122,200 123,945 (1,745)<br />
Electricity, water, gas 526,151 461,001 65,150<br />
Change in inventories of raw materials, consumables, other 52,953 8,258 44,695<br />
Total 1,866,121 1,924,609 (58,488)<br />
123<br />
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