2011 Annual Report - Italcementi Group

2011 Annual Report
Presentation 4
General information 15
Annual Report Consolidated Annual Report Directors’ report 28
Extraordinary session Italcementi S.p.A. Annual Report Consolidated financial statements 63
23. Other current liabilities
December 31, 2011 December 31, 2010
(in thousands of euro)
Due to employees 105,577 108,268
Due to social security authorities 56,652 55,291
Due to tax authorities 80,321 75,627
Derivatives 37,342 19,838
Purchase commitments on non-controlling interests 67,768 63,749
Advances from customers 73,522 61,283
Other amounts due 186,171 220,818
Total 607,353 604,874
Derivatives are discussed in note 22.3.1.
“Other amounts due” comprises amounts due to suppliers for non-current assets.
24. Commitments
December 31, 2011 December 31, 2010
(in millions of euro)
Collateral given
- Pledges 12.6 10.0
- Liens and mortgages 119.3 89.0
Total collateral given 131.9 99.0
Deposits, guarantees, sureties and other 117.8 118.3
Total 249.7 217.3
At December 31, 2011, collateral consisted mainly of mortgages and liens securing loans and borrowings at the
Indian subsidiaries.
Contracts and orders issued for investments amounted to 83.6 million euro at December 31, 2011. They
referred mainly to property, plant and equipment, as follows:
(in millions of euro)
December 31, 2011 less than 1 year 1 to 5 years more than 5 years
Commitments for property, plant and equipment purchases 83.6 71.3 12.3 -
25. Raw materials and supplies
Raw materials and supplies amounted to 1,976,767 thousand euro, as follows:
(in thousands of euro) 2011 2010 Change
Raw materials and semifinished goods 556,444 466,446 89,997
Fuel 525,976 532,021 (6,045)
Packaging materials, machinery 290,065 270,723 19,343
Finished goods 123,945 170,957 (47,012)
Electricity, water, gas 473,238 470,334 2,904
Change in inventories of raw materials, consumables, other 7,099 23,980 (16,882)
Total 1,976,767 1,934,461 42,306
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