2012 Annual Report - Italcementi Group

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The table below sets out segment revenue and results for 2011: (in thousands of euro) Revenue Intragroup sales Contributive revenue Recurring EBITDA EBITDA EBIT Finance income (costs) exch.rate differences and derivs Impairment on financial assets Share of profit (loss) of equity accounted investees Italy 918,060 (59,439) 858,621 (12,601) 10,443 (142,448) (1,534) France-Belgium 1,589,687 (10,984) 1,578,703 302,780 313,741 215,563 (221) Spain 155,440 (33,564) 121,876 18,494 17,579 (58,218) - Others C.W.E. 41,786 (4,705) 37,081 (1,571) (1,440) (18,969) 155 Eliminations (24,208) 24,208 - - - - - C.W.E. 2,680,765 (84,484) 2,596,281 307,102 340,323 (4,072) (1,600) N.America 405,111 (446) 404,665 16,345 22,970 (45,363) 12,772 Egypt 551,832 (16,543) 535,289 129,642 129,618 63,192 644 Morocco 353,164 (2,547) 350,617 152,176 153,187 115,687 7,904 EE.NA.ME 105,355 (1,869) 103,486 36,536 36,689 17,435 (32) Eliminations (239) 239 - - - - - EE.NA.ME. 1,010,112 (20,720) 989,392 318,354 319,494 196,314 8,516 Thailand 194,142 - 194,142 23,538 24,542 8,018 - India 223,475 (1,453) 222,022 57,229 57,218 38,732 - Others Asia 38,701 - 38,701 3,088 3,121 (1,971) - Eliminations - - - - - - - Asia 456,318 (1,453) 454,865 83,855 84,881 44,779 - Profit Income tax before tax expense Cement and clinker trading 183,423 (44,774) 138,649 10,649 10,655 6,820 (1,050) Other ops. 423,861 (350,342) 73,519 (33,780) (34,980) (58,141) - Unallocated items - - - - - - (99,567) 7,524 - 65,455 (69,071) Eliminations (502,219) 502,219 - (1,442) (1,476) (1,477) - Total 4,657,371 - 4,657,371 701,083 741,867 138,860 (99,567) 7,524 18,638 65,455 (69,071) 88
2012 Annual Report Presentation 4 General information 14 Annual Report Consolidated Annual Report Directors’ report 30 Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63 Extraordinary session 351 The table below sets out other segment data at December 31, 2012: December 31, 2012 Operating assets Operating liabilities Equity accounted Depreciation PPE and Impairment investees investment property and amortization intangible assets (in thousands of euro) Italy 1,379,539 397,052 5,474 (98,621) (32,163) France-Belgium 1,894,886 487,829 6,856 (93,671) (1,436) Spain 273,448 36,030 - (15,976) (157,068) Others C.W.E. 43,421 12,734 56,985 (4,539) (34,964) Eliminations (4,228) (4,164) - - - C.W.E. 3,587,066 929,481 69,315 (212,807) (225,631) N.America 1,057,101 129,825 93,632 (67,663) - Egypt 1,043,844 192,605 4,620 (67,539) (83,742) Morocco 627,758 88,370 38,041 (37,145) - Others EE.NA.ME 265,912 24,639 1,275 (10,812) - Eliminations (11) (11) - - - EE.NA.ME. 1,937,503 305,603 43,936 (115,496) (83,742) Thailand 356,942 44,003 - (24,508) 21 India 444,558 80,621 - (18,897) - Others Asia 43,266 5,620 - (6,355) - Eliminations - - - - - Asia 844,766 130,244 - (49,760) 21 Cement and clinker trading 71,474 30,992 605 (3,144) - Other ops. 141,883 145,349 - (7,657) (2) Unallocated items - - - - Eliminations (94,237) (97,158) - 145 - Total 7,545,556 1,574,336 207,488 (456,382) (309,354) 89 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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Page 39 and 40: 2012 Annual Report Presentation 4 G
Page 63: 2012 Annual Report Presentation 4 G
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
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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 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
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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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Annexes 303 www.italcementigroup.co
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ITALCEMENTI S.P.A. REPORT OF THE BO
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We ascertained that the Remuneratio
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312
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Sustainability disclosure Italcemen
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In 2010, the Group reinforced its a
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2 Looking forward 2.1 Targets 2015
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3 Social responsibility 3.1 Valuing
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2012 2011 2010 2012 2011 2010 Italy
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Trainees (%) 2012 2011 2010 Manager
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3.3 Health and product responsibili
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The Social Initiatives Policy reinf
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In 2012, Energy Efficiency Certific
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Power consumption, concrete 2012 20
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4.3 Air emissions At the end of 201
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Water consumption, cement 2012 2011
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Quarry management, cement (*) Matur
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5.2 Quality The Group is committed
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5.4 Sustainable construction Italce
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6 Reporting and additional informat
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6.4 Boundaries and reporting method
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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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