2012 Annual Report - Italcementi Group

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2 Looking forward 2.1 Targets 2015 The following table resumes, per each section, the most relevant short term targets, setting Italcementi Group sustainable vision. Group vision Integrity unit target value status Anti-corruption and Bribery Compliance Programme % implementation 100 60 Anti-trust Compliance Programme % implementation 100 90 Enterprise Risk and Compliance Programme % implementation 100 98 Social responsibility Valuing people Training hours/employee 20 17 Safety Health Fatalities number 0 4 LTI Frequency Rate per million hours
Diversity Diversity is a source of energy and value that fuels our growth. We aim to create an environment of trust and belonging where differences add value and where everyone feels part of our world. For sustainable globalisation to succeed we must capture and redistribute local knowledge and experience for the benefit of the whole Group. In this respect, ensuring equal opportunities is key for success. Italcementi Group aims at: increasing the percentage of management positions held by women up to 20%. systematically supporting all managers with focused training and operating tools to manage and valorise diversity Efficiency We strive for operational excellence by combining the technical expertise and cost management necessary to be a globally effective and efficient building materials manufacturer. We add value by delivering consistently high quality products and services customised to each local market around the world. CO 2 intensity, related to direct or indirect emissions, is a representative indicator of global efficiency, as it combines most of the key levers to industrial excellence. Italcementi Group endorses a strategy leading to: cementitious products with less than 600 kg CO 2 per tonne; captive or offset production of renewable power up to 10% of the total electrical energy demand of production sites. Responsibility Our long term commitment to sustainability seeks to combine profitable economic performance with protecting the environment and improving the quality of life for present and future generations. Biodiversity loss and water scarcity are possibly the most worrying challenges for the planet, also triggered by climate change. In this respect, Italcementi Group aims at implementing: biodiversity management systems, integrated with the rehabilitation plans, at all its extraction sites, prioritizing quarries in sensitive areas; sustainable water management at all its industrial and civil sites, from sourcing, through uses, to releases. Innovation We believe in the importance of innovation not only in the development of new products, applications and services, but also in our management approach. We must embrace change and be open to new ideas in order to attract the best talents. Sustainable products and applications are essential to align the Group’s portfolio to the changing expectations of markets. Responsible sourcing is one of the key tools. Italcementi Group strives to: increasing the percentage of cement products with at least 10% of recycled materials, up to 30% of total product range; increasing the average content of recycled materials in concrete up to 10%. 319 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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Page 269 and 270: 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 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 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
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2012 Annual Report - Italcementi Group

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