2011 Annual Report - Italcementi Group

36. Transactions with related parties
Transactions with related parties in 2011 and 2010 are illustrated in the tables below:
2011
Revenue
Trade
(in thousands of euro)
(purchases)
goods and
services
Other
income
(expense)
Interest
income
(expense)
and other
receivables
(payables)
Financial
assets
(liabilities)
Parent Italmobiliare S.p.A. 322 - 1 115,542 -
(4,869) - (15) (6,551) (612)
Jointly controlled 8,185 - - 2,267 -
companies (*) (22) - - (22) -
Subsidiaries 63,207 25 555 15,063 38,619
and associates (35,799) (1,020) (148) (5,156) (512)
Other related parties 178 30 - 63 -
(1,614) - - (164) -
Total 71,892 55 556 132,935 38,619
(42,304) (1,020) (163) (11,893) (1,124)
% impact on financial statements items 1.5% 0.1% 0.7% 9.2% 5.9%
1.0% 3.4% 0.1% 0.9% 0.0%
(*) subsidiaries of Italmobiliare S.p.A.
2010
Revenue
Trade
(in thousands of euro)
(purchases)
goods and
services
Other
income
(expense)
Interest
income
(expense)
and other
receivables
(payables)
Financial
assets
(liabilities)
Parent Italmobiliare S.p.A. 349 25 18,557 75,036 4
(5,052) - (180) (3,016) (602)
Jointly controlled 7,852 6 - 2,114 -
companies (*) (13) - - (13) -
Subsidiaries 41,709 1,091 241 2,603 24,275
and associates (17,803) (1,092) (5) (1,817) (461)
Calcestruzzi group companies 93,417 2,239 2,176 28,538 223,996
(19) (1) (64) (58) (6,321)
Other related parties 1,831 49 - 403 -
(1,215) - - (171) -
Total 145,158 3,410 20,974 108,694 248,275
(24,102) (1,093) (249) (5,075) (7,384)
% impact on financial statements items 3.1% 8.0% 31.9% 9.3% 30.1%
0.6% 1.8% 0.2% 0.4% 0.2%
(*) subsidiaries of Italmobiliare S.p.A.
Statement of financial position and income statement transactions with the companies in the Calcestruzzi group
in 2010 are treated as transactions with related parties; those in 2011 were eliminated following the
consolidation of the group as from January 1, 2011.
Receivables and payables in respect of the parent Italmobiliare S.p.A. mainly refer to the effects of the tax
consolidation and to the convertible bond issued by BravoSolution S.p.A., underwritten for a nominal value of
611,554 thousand euro.
Revenue and purchases of goods and services with respect to subsidiaries and associates mainly concern
transactions with companies consolidated on a proportionate basis, notably Société des Carrieres du
Tournaisis, Les Calcaires Girondins S.a.s., Medcem S.r.l., Atlantica de Graneles and Société Parisienne des
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