2011 Annual Report - Italcementi Group

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Name, surname Position Period during which the office was held End of office term Danilo Gambirasi Director 1.1 – 31.12 2012 Fixed remuneration Remuneration for taking part in committees Variable non-equity remuneration Bonuses and other incentives Profit sharing Non- Other monetary remuneration benefits Total Fair value dei compensi equity End-ofservice bonus and severance indemnity di l (I) Remuneration in the company preparing the financial statements 45,000 45,000 (II) Remuneration from subsidiaries and affiliated companies 100,000 1,308 101,308 Total 145,000 146,308 Carlo Garavaglia Director 5.5 – 31.12 2012 (I) Remuneration in the company preparing the financial statements 30,155 30,155 (II) Remuneration from subsidiaries and affiliated companies Italo Lucchini Director Remuneration Committee Total 30,155 30,155 1.1 – 31.12 2012 (I) Remuneration in the company preparing the financial statements 45,000 15,000 60,000 (II) Remuneration from subsidiaries and affiliated companies 35,200 35,200 Total 80,200 15,000 95,200 Sebastiano Mazzoleni Director 1.1 – 31-12 2012 (I) Remuneration in the company preparing the financial statements 45,000 45,000 (II) Remuneration from subsidiaries and affiliated companies 29,000 29,000 Total 74,000 74,000 Yves René Nanot Director 1.1 – 31-12 2012 Executive Committee (I) Remuneration in the company preparing the financial statements 90,000 90,000 (II) Remuneration from subsidiaries and affiliated companies 240,443 3,798 244,241 Total 330,443 3,798 334,241 Marco Piccinini Director 1.1 – 31.12 2012 (I) Remuneration in the company preparing the financial statements 45,052 45,052 (II) Remuneration from subsidiaries and affiliated companies Total 45,052 45,052 Ettore Rossi Director Supervising Body 1.1 - 31-12 2012 (I) Remuneration in the company preparing the financial statements 45,000 40,000 85,000 (II) Remuneration from subsidiaries and affiliated companies 4,300 4,300 Total 49,300 40,000 89,300 Attilio Rota 1.1 – 31.12 2012 Director Executive Committee Internal Control Committee Committee for Transactions with Related Parties (I) Remuneration in the company preparing the financial statements 90,310 70,000 160,310 (II) Remuneration from subsidiaries and affiliated companies Total 90,310 70,000 160,310 Carlo Secchi 1.1 – 31.12 2012 Director Internal Control Committee Committee for Transactions with Related Parties (I) Remuneration in the company preparing the financial statements 45,362 70,000 115,362 (II) Remuneration from subsidiaries and affiliated companies Total 45,362 70,000 115,362 Elena Zambon Director 1.1 – 31.12 2012 (I) Compensi nella società che redige il bilancio 45,258 45,258 (II) Remuneration from subsidiaries and affiliated companies Total 45,258 45,258 Emilio Zanetti Director 1.1 – 31.12 2012 Remuneration Committee (I) Remuneration in the company preparing the financial statements 45,000 15,000 60,000 (II) Remuneration from subsidiaries and affiliated companies Total 45,000 15,000 60,000 Maria Martellini Chairman of the Board 1.1 – 31.12 2011 of Statutory Auditors (I) Remuneration in the company preparing the financial statements 71,068 71,068 (II) Remuneration from subsidiaries and affiliated companies Total 71,068 71,068 224
2011 Annual Report Presentation 4 General information 15 Annual Report Consolidated Annual Report Directors’ report 150 Extraordinary session Italcementi S.p.A. Annual Report Separate financial statements 239 Name, surname Position Period during which the office was held End of office term Mario Comana Regular Auditor 1.1 – 31.12 2011 Fixed remuneration Remuneration for taking part in committees Variable non-equity remuneration Bonuses and other incentives Profit sharing Non- Other monetary remuneration benefits Total Fair value dei compensi equity End-ofservice bonus and severance indemnity di l (I) Remuneration in the company preparing the financial statements 47,207 47,207 (II) Remuneration from subsidiaries and affiliated companies Total 47,207 47,207 Luciana Gattinoni Regular Auditor 1.1 – 31.12 2011 (I) Remuneration in the company preparing the financial statements 47,362 47,362 (II) Remuneration from subsidiaries and affiliated companies Giovanni Battista Ferrario Total 47,362 47,362 General Manager 1.1 – 31.12 - (I) Remuneration in the company preparing the financial statements 350,000 512,500 23,430 1,920 887,850 (II) Remuneration from subsidiaries and affiliated companies 750,000 552,000 1,302,000 Total 1,100,000 1,064,500 23,430 1,920 2,189,850 Carlo Bianchini Responsible Manager 1.1 – 31.12 2012 (I) Remuneration in the company preparing the financial statements 294,565 366,000 5,199 30,320 696,084 2,922 (II) Remuneration from subsidiaries and affiliated companies 57,792 9,000 66,792 Total 352,357 375,000 5,199 30,320 762,876 Remuneration for each office when the amount reported in the above table are in aggregate form Fixed remuneration Giampiero Pesenti Pierfranco Barabani Lorenzo Renato Guerini Carlo Pesenti Giulio Antonello Alberto Clô Federico Falck Pietro Ferrero Carlo Garavaglia Italo Lucchini Remuneration as Director Remuneration as Executive committee member Fixed remuneration Italcementi S.p.A.: Remuneration as Director Remuneration as Executive committee member Fixed remuneration Subsidiaries and affiliated companies: Ciments Français S.A.: Remuneration as Director Ing. Sala S.p.A.: Remuneration as Chairman Remuneration as Director Fixed remuneration Remuneration as Director Remuneration as Executive committee member Fixed remuneration Remuneration as Director Expenses allowance Remuneration as Director Expenses allowance Remuneration as Director Remuneration as Executive committee member Expenses allowance Remuneration as Director Expenses allowance Remuneration as Director Expenses allowance Subsidiaries and affiliated companies: Ciments Français S.A.: Remuneration as Director Azienda Agricola Lodoletta S.p.A.: Remuneration as Director 45,000 45,000 950,000 45,000 45,000 125,000 29,000 18,000 31,875 36,387 45,000 45,000 1,245,000 18,750 103 45,000 413 45,000 45,000 310 13,125 52 30,000 155 29,000 6,200 225 www.italcementigroup.com
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2011 Annual Report
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2011 Annual Report Italcementi S.p.
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The Group has decided to take a fur
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2011 Annual Report Presentation Ita
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2011 Annual Report Presentation 4 G
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Directors’ report Following the a
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The Calcestruzzi group returned to
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Financial performance in 2011 Key c
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In cement and clinker, performance
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Revenue and operating performance C
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The loss relating to continuing ope
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Net debt breakdown (in millions of
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4. Implementation of defined mitiga
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Financial disclosure risks The main
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the negative trend in sales volumes
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Ready mixed concrete sales volumes
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ASIA Thailand India Others (1) Tot
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70% by Fotowatio Italy, a subsidiar
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During the year Italcementi S.p.A.
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Raw materials and alternative fuels
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Engineering, technical assistance,
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After a revenue decline in 2009 and
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Outlook The markets on which the Gr
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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 2011
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21. Deferred tax assets and Deferre
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limits in question. The benefits ar
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Associates Associates are companies
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1.5 Translation of foreign currency
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Subsequent to initial recognition,
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Deferred tax assets and deferred ta
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1.21. Trade payables and other paya
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2. Exchange rates used to translate
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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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5.2 Investment property (in thousan
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As in 2010, for the CGUs in the EU
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Sensitivity analysis With reference
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Other equity investments at Decembe
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14. Share capital and Share premium
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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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of the favorable ruling obtained in
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22.1 Financial liabilities Financia
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No drawings had been made on the sy
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As a result of the Moody’s rating
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At December 31, 2011, lines of cred
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22.3.1 Fair value of derivatives Th
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22.4.1 Interest-rate risk hedging T
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With regard to financing for subsid
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In 2011, in view of the surplus acc
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26. Services Services amounted to 1
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28. Other operating income (expense
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The reconciliation between the tax
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35. Earnings per share Earnings per
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36. Transactions with related parti
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38. Statement of cash flows 38.1 Ca
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40. Audit fees (as per CONSOB Resol
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Annex 1 The following table has bee
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Company Registered office Share cap
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148
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Directors’ report Any changes in
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which remained the most dynamic com
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Statement of financial position, ca
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Dealings with subsidiaries, joint v
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Risks and uncertainties Italcementi
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Ratings risks The Group’s ability
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January 2011 entitled “Europe at
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Ciments Français S.A. profit for t
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INFORMATION ON OWNERSHIP STRUCTURE
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l) Laws applicable to the appointme
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- Selection of priority risks and d
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) implementing the guidelines defin
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Page 184 and 185: Lastly, the Board of Directors, in
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Page 198 and 199: to be noted that CONSOB, the Italia
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Page 214 and 215: With reference to the other offices
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Page 222 and 223: position of the role of each benefi
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Page 242 and 243: Financial statements Statement of f
Page 244 and 245: Statement of comprehensive income (
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Page 248 and 249: Notes The Italcementi S.p.A. financ
Page 250 and 251: 1.2. Accounting policies and basis
Page 252 and 253: 1.7. Property, plant and equipment
Page 254 and 255: 1.13. Inventories Inventories are m
Page 256 and 257: Past service cost Changes in liabil
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Page 260 and 261: 2.1 Investment property Investment
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Page 264 and 265: Current assets 6. Inventories (in t
Page 266 and 267: Equity 12. Share capital At Decembe
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At December 31, 2011, the average m
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19.3.1 Fair value of derivatives Th
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19.4.1 Interest-rate risk hedging T
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ELECTRICITY In 2011, Italcementi S.
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Income statement 23. Revenue Revenu
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Stock options The company has set u
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30. Finance income (costs), exchang
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Breakdown of receivables and payabl
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Commitments with related parties (i
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(Breakdown of revenue and costs wit
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(Breakdown of revenue and costs wit
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Impact of transactions with related
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34. Audit fees Pursuant to the CONS
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Annex 1 Highlights from the most re
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Report of the Board of Statutory Au
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On the other hand, the absence of a
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308
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Report of the Board of Directors Pr
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Current text ordinary and/or saving
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Current text In each list, the name
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Current text If there are no lists,
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Current text means of another perso
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Current text If a subject connected
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The proposed amendments do not gran
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• operate, in compliance with cur
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Corporate bodies resulting from the
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2011 Annual Report - Italcementi Group

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