2012 Annual Report - Italcementi Group

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Compensation to directors and the chief operating officer Compensation paid to the directors and the chief operating officer of Italcementi S.p.A. for the positions they covered is detailed below: (in thousands of euro) 2012 2011 Short-term benefits: compensation and remuneration 9,079 9,465 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 13,981 14,352 34. Non-recurring transactions The following tables itemize non-recurring transactions and their impact on equity, the financial position and results of operations. 2011 Equity Profit (loss) for the period Net debt (in thousands of euro) Amount % Amount % Amount % Carrying amounts 1,784,648 7,002 838,977 Net gains from the sale of noncurrent assets Other non-recurring income (expense) Taxes on non-recurring transactions 16,337 0.9% 16,337 233.3% 18,279 2.2% ( 8,098) ( 8,098) - ( 2,721) 0.2% ( 2,721) 38.9% - Total 5,518 0.3% 5,518 78.8% 18,279 2.2% Figurative amount without non-recurring transactions 1,779,130 1,484 857,256 2012 Equity Profit (loss) for the period Net debt (in thousands of euro) Amount % Amount % Amount % Carrying amounts 1,476,166 ( 202,882) 987,231 Net gains from the sale of noncurrent assets Other non-recurring income (expense) 18,469 1.3% 18,469 -9.1% 18,279 1.9% ( 44,852) ( 44,852) - Total ( 26,384) -1.8% ( 26,384) 13.0% 18,279 1.9% Figurative amount without non-recurring transactions 1,502,550 ( 176,498) 1,005,510 300
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 35. Audit fees Pursuant to the CONSOB Regulation for issuers, the table below sets out fees paid to the independent auditors KPMG S.p.A. and to companies in the KPMG network. (in thousands of euro) Auditing services 664 Other attestation services 98 2012 Other Italian companies in the KPMG network Other legal, fiscal and corporate services 176 Total 762 176 36. Events after December 31, 2012 No other events occurred after December 31, 2012, with respect to those already described in the relevant section of the notes to the consolidated financial statements. Bergamo, March 5, 2013 For the Board of Directors The Chairman Giampiero Pesenti 301 www.italcementigroup.com
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2012 Annual Report
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Contents PRESENTATION Letter to the
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Letter to the stakeholders Consolid
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Italcementi Group in the world (as
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Highlights Contribution to consolid
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Share prices and market capitalizat
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E) Share prices and market capitali
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Italcementi S.p.A. Directors, Offic
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Lorenzo Renato Guerini (Director si
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Alberto Clô (Director since May 4,
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Yves René Nanot (Director since Ju
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Board of Statutory Auditors Maria M
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Notice of Call Those who are entitl
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Appointment of the Board of Directo
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Annual Report Consolidated Annual R
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2012 Annual Report Presentation 4 G
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Financial statements Statement of f
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Statement of comprehensive income N
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Statement of cash flows Notes 2012
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21. Deferred tax assets and Deferre
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Amendments to IAS 12 “Income taxe
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1.3. Basis of consolidation The con
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Changes in equity interests in subs
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Operating lease payments are recogn
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1.15. Cash and cash equivalents Cas
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1.18. Share-based payments The Grou
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1.24. Government grants Government
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4. Operating segment disclosure The
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The table below sets out segment re
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The table below sets out other segm
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The useful life adopted by the Grou
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Assumptions used for the computatio
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7. Intangible assets in thousands o
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10. Other non-current assets This c
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15. Reserves Translation reserve Th
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Net liabilities determined on the b
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The table below sets out key data f
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appeal and by the regional court of
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22.1 Financial liabilities Financia
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Bond loans f) The Italcementi Group
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The bond was assigned a Ba2 Moody
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At December 31, 2012 lines of credi
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22.3.1 Fair value of derivatives Th
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22.4 Interest-rate risk management
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The Group companies operate chiefly
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From 2008 to 2012, the Group transa
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26. Services Services amounted to 1
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29. Non-recurring income (expense)
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The income statement and the statem
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Diluted earnings per share Diluted
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36. Joint ventures The Group’s mo
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Net debt (in thousands of euro) amo
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Annex 1 The following table shows i
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Company Registered office Share cap
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Company Registered office Share cap
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Italcementi S.p.A. Annual Report 14
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Separated financial statements 241
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Page 251 and 252: 2012 Annual Report Presentation 4 G
Page 301: 2012 Annual Report Presentation 4 G
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
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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
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Extraordinary session 351 www.italc
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Summary of resolutions The Annual G
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at an extraordinary session: to ren
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April 2013 Project by LSVmultimedia
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2012 Annual Report - Italcementi Group

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