2012 Annual Report - Italcementi Group

The breakdown of other equity investments at December 31, 2012 was as follows:
(in thousands of euro)
Equity investments in non-listed companies:
Istituto Europeo di Oncologia S.p.A. 3,686
S.A.C.B.O. S.p.A. 2,029
Other equity investments 15
Total 5,730
Total equity investments 5,730
6. Other non-current assets
(in thousands of euro) 12.31.2011 Change
Merger
contribution 12.31.2012
Guarantee deposits 569 8 14 591
Receivables for expropriations 3,390 ( 176) - 3,214
Italcementi Finance S.A. bonds 8,551 1,333 - 9,884
Receivables from sale of business unit - 1,294 - 1,294
Receivables from sale of assets - 4,014 - 4,014
Commodity derivatives 15,404 ( 15,404) - -
Financial receivables due from Group companies 100,000 - - 100,000
Receivables due from parent in connection with tax consolidation 72,794 ( 5,282) 4,482 71,994
Total 200,708 ( 14,213) 4,496 190,991
In January 2012 additional Italcementi Finance S.A. bonds were bought for a par value of 1 million euro; the
carrying amount of 9,884 thousand euro was determined in accordance with the amortized cost criterion.
The financial receivable of 100,000 thousand euro refers to an interest-bearing loan granted to the subsidiary
Ciments Français S.A.
After checks on the recoverability of recognized tax receivables, which show limited estimated taxable income
in the medium term, it was decided not to recognize the benefit from adhesion to the tax consolidation of the
parent Italmobiliare S.p.A. of 10,135 thousand euro, relating to tax losses for the year.
Current assets
7. Inventories
(in thousands of euro) 12.31.2011 Change
Sale of business
unit
Merger
contribution 12.31.2012
Raw materials, consumables and supplies 69,713 ( 7,069) ( 941) 243 61,946
Work in progress and semi-finished goods 22,626 8,885 ( 21) 1,169 32,659
Finished goods 16,254 2,423 ( 301) 324 18,700
Total 108,593 4,239 ( 1,263) 1,736 113,305
Inventories of raw materials, consumables and supplies are shown net of the allowance of 9,386 thousand
euro (9,086 thousand euro at December 31, 2011), provided against the risk of slow-moving supplies, spare
parts and consumables; they include spare parts for an amount of 21,728 thousand euro at December 31,
2012 (24,751 thousand euro at December 31, 2011).
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