2012 Annual Report - Italcementi Group

More documents

Recommendations

Info

Monetary Incentive Plans in Favor of Members of the Governing and Supervising Bodies, Chief Operating Officer and other Officers with Strategic Responsibilities Name, surname Position Plan Bonus for the year Payable/disbursed Deferred Deferment period Not payable any more Bonus for previous years Payable/disbursed Still deferred Other bonuses Giampiero Pesenti Chairman (I) Remuneration in the company preparing the financial statements February 3, 2012 Annual MBO 471,500 February 3, 2011 Three-year LTI 992,750* 1,985,500** (II) Remuneration from subsidiaries and affiliated - - companies Total 1,464,250 1,985,500 Pierfranco Barabani (I) Remuneration in the company preparing the financial statements (II) Remuneration from subsidiaries and affiliated companies Executive Deputy Chairman February 3, 2012 Annual MBO 91,250 - - Total 91,250 Carlo Pesenti (I) Remuneration in the company preparing the financial statements Chief Executive Officer February 3, 2012 Annual MBO 587,500 February 3, 2011 Three-year LTI 0 0 (II) Remuneration from subsidiaries and affiliated - - companies Total 587,500 0 Giovanni Battista Ferrario General Manager (I) Remuneration in the company preparing the financial statements February 3, 2012 Annual MBO 167,500 March 4, 2011 Three-year LTI Max 1,000,000*** (II) Remuneration from subsidiaries and affiliated February 1, 2012 Annual MBO 714,000 companies Total 881,500 Max 1,000,000*** Max 1,000,000**** Max 1,000,000**** Carlo Bianchini Manager in charge (I) Remuneration in the company preparing the financial statements February 3, 2012 Annual MBO 130,500 March 4, 2011 Three-year LTI Max 133,000*** Max 133,000**** (II) Remuneration from subsidiaries and affiliated - - companies Total 130,500 Max 133,000*** Max 133,000**** * Theoretical portion of the 2010-2012 LTI plan accrued in financial year 2012 ** Theoretical portion of the 2010-2012 LTI plan accrued in financial year 2010 and 2011 *** Theoretical portion of the 2011-2013 LTI plan accrued in financial year 2012 **** Theoretical portion of the 2011-2013 LTI plan accrued in financial year 2011 232
2012 Annual Report Presentation 4 General information 14 Annual Report Consolidated Annual Report Directors’ report 146 Sustainability disclosure Italcementi S.p.A. Annual Report Separate financial statements 241 Extraordinary session 351 Participation of Governing and Supervising Bodies, Chief Operating Officer and Manager in charge of Preparing the Company’s Financial Reports Name, last name Position Company held Numero delle azioni possedute alla fine dell’esercizio precedente Giampiero Pesenti Chairman Italcementi ordinary shares: savings shares: 10,972 22,698 1 ordinary shares: 2 savings shares: - - ordinary shares: savings shares: - - ordinary shares: savings shares: 10,972 1 22,698 2 Pierfranco Barabani Executive Deputy Italcementi ordinary shares: 78,780 2 ordinary shares: - ordinary shares: - ordinary shares: 78,780 2 Chairman savings shares: 884 savings shares: - savings shares: - savings shares: 884 Lorenzo Renato Guerini Deputy Chairman Italcementi ordinary shares: 60,000 1 ordinary shares: - ordinary shares: - ordinary shares: 60,000 1 Carlo Pesenti Chief Executive Officer Italcementi ordinary shares: savings shares: 1,500 1 ordinary shares: 3,000 1 savings shares: - - ordinary shares: savings shares: - - ordinary shares: savings shares: 1,500 1 3,000 1 Ciments Français ordinary shares: 50 ordinary shares: - ordinary shares: - ordinary shares: 50 Giorgio Bonomi Director Italcementi ordinary shares: 2,500 ordinary shares: - ordinary shares: - ordinary shares: 2,500 Federico Falck Director Italcementi ordinary shares: savings shares: 41,600 6,760 ordinary shares: savings shares: - - ordinary shares: savings shares: - - ordinary shares: savings shares: Danilo Gambirasi Director Italcementi ordinary shares: 1,248 ordinary shares: - ordinary shares: - ordinary shares: 1,248 Carlo Garavaglia Director Italcementi ordinary shares: ordinary shares: 100 ordinary shares: - ordinary shares: 100 Italo Lucchini Director Ciments Français ordinary shares: 50 ordinary shares: - ordinary shares: - ordinary shares: 50 Sebastiano Mazzoleni Director Italcementi ordinary shares: savings shares: 7,352 7,040 ordinary shares: savings shares: - - ordinary shares: savings shares: - - ordinary shares: savings shares: Yves René Nanot Director Ciments Français ordinary shares: 89,550 ordinary shares: - ordinary shares: - ordinary shares: 89,550 Attilio Rota Director Italcementi ordinary shares: 108,186 3 ordinary shares: - ordinary shares: - ordinary shares: 108,186 3 Emilio Zanetti Director Italcementi ordinary shares: 4,160 ordinary shares: - ordinary shares: ordinary shares: 4,160 Mario Comana Regular Auditor Italcementi ordinary shares: savings shares: Carlo Bianchini Responsible Manager 2,500 2,000 Number of shares purchased ordinary shares: savings shares: - - Number of shares sold ordinary shares: savings shares: - - Number of shares held at the end of the current financial year ordinary shares: savings shares: Italcementi ordinary shares: 4,500 ordinary shares: - ordinary shares: - ordinary shares: 4,500 41,600 6,760 7,352 7,040 2,500 2,000 1 Shares held by spouse 2 Shares in part held directly and in part by spouse 3 Shares in part held directly (in part with beneficial ownership and voting rights only) and in part by spouse * * * Dear Shareholders, We invite you to adopt the following resolution: “The Shareholders’ Meeting of Italcementi S.p.A. held on April 17 th , 2013, - having acknowledged the Report prepared by the Directors, hereby resolves In favor of / against the first section of the Report on Remuneration illustrated above. 233 www.italcementigroup.com
Page 1:
2012 Annual Report
Page 4 and 5:
Contents PRESENTATION Letter to the
Page 6 and 7:
Letter to the stakeholders Consolid
Page 8 and 9:
Italcementi Group in the world (as
Page 10 and 11:
Highlights Contribution to consolid
Page 12 and 13:
Share prices and market capitalizat
Page 14 and 15:
E) Share prices and market capitali
Page 16 and 17:
Italcementi S.p.A. Directors, Offic
Page 18 and 19:
Lorenzo Renato Guerini (Director si
Page 20 and 21:
Alberto Clô (Director since May 4,
Page 22 and 23:
Yves René Nanot (Director since Ju
Page 24 and 25:
Board of Statutory Auditors Maria M
Page 26 and 27:
Notice of Call Those who are entitl
Page 28 and 29:
Appointment of the Board of Directo
Page 31 and 32:
Annual Report Consolidated Annual R
Page 33 and 34:
2012 Annual Report Presentation 4 G
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63:
Page 66 and 67:
Financial statements Statement of f
Page 68 and 69:
Statement of comprehensive income N
Page 70 and 71:
Statement of cash flows Notes 2012
Page 72 and 73:
21. Deferred tax assets and Deferre
Page 74 and 75:
Amendments to IAS 12 “Income taxe
Page 76 and 77:
1.3. Basis of consolidation The con
Page 78 and 79:
Changes in equity interests in subs
Page 80 and 81:
Operating lease payments are recogn
Page 82 and 83:
1.15. Cash and cash equivalents Cas
Page 84 and 85:
1.18. Share-based payments The Grou
Page 86 and 87:
1.24. Government grants Government
Page 88 and 89:
4. Operating segment disclosure The
Page 90 and 91:
The table below sets out segment re
Page 92 and 93:
The table below sets out other segm
Page 94 and 95:
The useful life adopted by the Grou
Page 96 and 97:
Assumptions used for the computatio
Page 98 and 99:
7. Intangible assets in thousands o
Page 100 and 101:
10. Other non-current assets This c
Page 102 and 103:
15. Reserves Translation reserve Th
Page 104 and 105:
Net liabilities determined on the b
Page 106 and 107:
The table below sets out key data f
Page 108 and 109:
appeal and by the regional court of
Page 110 and 111:
22.1 Financial liabilities Financia
Page 112 and 113:
Bond loans f) The Italcementi Group
Page 114 and 115:
The bond was assigned a Ba2 Moody
Page 116 and 117:
At December 31, 2012 lines of credi
Page 118 and 119:
22.3.1 Fair value of derivatives Th
Page 120 and 121:
22.4 Interest-rate risk management
Page 122 and 123:
The Group companies operate chiefly
Page 124 and 125:
From 2008 to 2012, the Group transa
Page 126 and 127:
26. Services Services amounted to 1
Page 128 and 129:
29. Non-recurring income (expense)
Page 130 and 131:
The income statement and the statem
Page 132 and 133:
Diluted earnings per share Diluted
Page 134 and 135:
36. Joint ventures The Group’s mo
Page 136 and 137:
Net debt (in thousands of euro) amo
Page 138 and 139:
Annex 1 The following table shows i
Page 140 and 141:
Company Registered office Share cap
Page 142 and 143:
Company Registered office Share cap
Page 147 and 148:
Italcementi S.p.A. Annual Report 14
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184: 2012 Annual Report Presentation 4 G
Page 233: 2012 Annual Report Presentation 4 G
Page 243 and 244: Separated financial statements 241
Page 285 and 286:
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
Annexes 303 www.italcementigroup.co
Page 308 and 309:
ITALCEMENTI S.P.A. REPORT OF THE BO
Page 310 and 311:
We ascertained that the Remuneratio
Page 314 and 315:
312
Page 316 and 317:
Sustainability disclosure Italcemen
Page 318 and 319:
In 2010, the Group reinforced its a
Page 320 and 321:
2 Looking forward 2.1 Targets 2015
Page 322 and 323:
3 Social responsibility 3.1 Valuing
Page 324 and 325:
2012 2011 2010 2012 2011 2010 Italy
Page 326 and 327:
Trainees (%) 2012 2011 2010 Manager
Page 328 and 329:
3.3 Health and product responsibili
Page 330 and 331:
The Social Initiatives Policy reinf
Page 332 and 333:
In 2012, Energy Efficiency Certific
Page 334 and 335:
Power consumption, concrete 2012 20
Page 336 and 337:
4.3 Air emissions At the end of 201
Page 338 and 339:
Water consumption, cement 2012 2011
Page 340 and 341:
Quarry management, cement (*) Matur
Page 342 and 343:
5.2 Quality The Group is committed
Page 344 and 345:
5.4 Sustainable construction Italce
Page 346 and 347:
6 Reporting and additional informat
Page 349 and 350:
6.4 Boundaries and reporting method
Page 351 and 352:
Training management system Hours of
Page 353 and 354:
Extraordinary session 351 www.italc
Page 355 and 356:
Page 357 and 358:
Summary of resolutions The Annual G
Page 359 and 360:
at an extraordinary session: to ren
Page 362:
April 2013 Project by LSVmultimedia
show all

2012 Annual Report - Italcementi Group

Create successful ePaper yourself

Delete template?

Save as template?