2012 Annual Report - Italcementi Group

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
(Breakdown of revenue and costs with related parties – cont.)
(in thousands of euro)
Description Company Notes Amount % impact on
financial
statement
items
Carrying
amounts
Reference
Interest expense on
inter-company accounts and
fees Italcementi Finance S.A. ( 14,617)
Italcementi Ingegneria S.r.l. ( 44)
SAMA S.r.l. ( 38)
Gruppo Italsfusi S.r.l. ( 29)
Esa Monviso S.p.A. ( 29)
Aliserio S.r.l. ( 16)
Other companies ( 12)
Total interest expense ( 14,785) 39.9% 37,091 Note 31
Fees on guarantees and
commodity derivatives Ciments Calcia S.A. ( 3,460)
Italcementi Finance S.A. ( 2,025)
Devnya Cement AD ( 1,157)
Sociedad Financiera Y Minera ( 703)
Compagnie des Ciments Belges ( 340)
Vulkan Ead ( 245)
Halyps Building Material S.A. ( 77)
Other finance costs ( 8,007) 19.6% 40,826 Note 31
Other transactions with related parties
During the year dividends were paid to the parent Italmobiliare S.p.A. for a total of 13,180 thousand euro
(13,169 thousand euro in 2011).
Impact of transactions with related parties on cash flows:
Cash flows
(in thousands of euro) Amount %
Cash flow from operating activities with related parties 158,047 150.3%
Total A) - from statement of cash flows 2012 105,168
Cash flow from investing activities with related parties 3,070 n.s.
Total B) - from statement of cash flows 2012 ( 51,250)
Cash flow from financing activities with related parties 254,901 n.s.
Total C) - from statement of cash flows 2012 ( 52,973)
Change in cash and cash equivalents with related parties 416,018
Change in cash and cash equivalents on statement of cash flows (A+B+C) 945
n.s. not significant
299
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