2012 Annual Report - Italcementi Group

2012 Annual Report
Presentation 4
General information 14
Annual Report Consolidated Annual Report Directors’ report 30
Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63
Extraordinary session 351
2011
Revenue
(in thousands of euro)
(purchases)
goods and
services
Other income
(expense)
Interest income
(expense)
Trade and other
receivables
(payables)
Financial
receivables
(payables)
Parent 322 - 1 115,542 -
(4,869) - (15) (6,551) (612)
Subsidiaries 8,185 - - 2,267 -
of parent (*) (22) - - (22) -
Subsidiaries 63,207 25 555 15,063 38,619
and associates (35,799) (1,020) (148) (5,156) (512)
Other related parties 178 30 - 63 -
(1,614) - - (164) -
Total 71,892 55 556 132,935 38,619
(42,304) (1,020) (163) (11,893) (1,124)
% impact on financial statements items 1.5% 0.1% 0.8% 9.2% 5.9%
1.1% 3.6% 0.1% 0.9% 0.0%
(*) subsidiaries of Italmobiliare S.p.A.
Receivables and payables in respect of the parent Italmobiliare S.p.A. mainly refer to the effects of the tax
consolidation.
Revenue from and purchases of goods and services with respect to subsidiaries and associates mainly
concern transactions with companies consolidated proportionately, notably Société des Carrieres du
Tournaisis, Les Calcaires Girondins S.a.s., Medcem S.r.l., Atlantica de Graneles and Société Parisienne des
Sablières S.A., and with companies measured with the equity method, including the Ciments Quebec Inc.
group, Vassiliko Cement Ltd. and Cementi della Lucania S.p.A..
Details of other transactions with other related parties are provided in the section “Transactions with other
related parties” in the Directors’ report.
Dividends paid to the parent Italmobiliare S.p.A. by the Italcementi Group in 2012 amounted to 14,485
thousand euro.
35.1 Compensation to managers with strategic responsibilities
The table below sets out compensation paid during the year to managers with strategic responsibilities: the
directors, the chief operating officer and the manager in charge of preparing the financial reports of Italcementi
S.p.A. for positions held in the Group:
(in thousands of euro) 2012 2011
Short-term benefits: compensation and remuneration 11,242 11,813
Post-employment benefits: provision for leaving and end-of-term entitlements 1,278 1,260
Other long-term benefits: length-of-service bonuses and incentives 3,624 3,624
Share-based payments (stock options) - 3
Total 16,144 16,700
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