2011 Annual Report - Italcementi Group

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Statement of comprehensive income (euro) Notes 2011 % 2010 % Change % Profit (loss) for the period 7,001,951 1.1 (34,360,520) -5.6 41,362,471 n.s. Fair value gains (losses) on: Available-for-sale financial assets (7,524,000) (25,580,600) 18,056,600 Derivatives 2,897,048 2,962,356 (65,308) Tax on other comprehensive income 1,900,257 455,188 1,445,069 Other comprehensive income 13 (2,726,695) (22,163,056) 19,436,361 Total comprehensive income 4,275,256 0.7 (56,523,576) -9.2 60,798,832 n.s. n.s. = not significant 242
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 Statement of changes in equity Reserves Share Share Fair value Hedging Other Treasury Retained Total (euro) capital premium reserve reserve reserves shares earnings equity Balances at December 31, 2009 282,548,942 344,103,798 32,649,412 (12,769,430) 22,800,394 (58,689,585) 1,292,920,765 1,903,564,296 Profit (losses) for the period (34,360,520) (34,360,520) Total other comprehensive income (25,125,412) 2,962,356 (22,163,056) Stock options 713,338 713,338 Distribution of profits: Dividends (33,438,050) (33,438,050) Balances at December 31, 2010 282,548,942 344,103,798 7,524,000 (9,807,074) 23,513,732 (58,689,585) 1,225,122,195 1,814,316,008 Profit (losses) for the period 7,001,951 7,001,951 Total other comprehensive income (7,524,000) 4,797,305 (2,726,695) Stock options (505,417) (505,417) Distribution of profits: Dividends (33,438,049) (33,438,049) Balances at December 31, 2011 282,548,942 344,103,798 - (5,009,769) 23,008,315 (58,689,585) 1,198,686,097 1,784,647,798 243 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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A) ORGANIZATIONAL STRUCTURE Board o
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No limits to re-eligibility of dire
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* Mittel S.p.A. - Director Pierfran
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The Code provides for the Board of
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Lastly, the Board of Directors, in
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) a brief resume on the personal an
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) evaluate the proposals made by ex
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time to express their point of view
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In addition, the Chief Executive Of
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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
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Page 248 and 249: Notes The Italcementi S.p.A. financ
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Page 252 and 253: 1.7. Property, plant and equipment
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Page 282 and 283: ELECTRICITY In 2011, Italcementi S.
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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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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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