2011 Annual Report - Italcementi Group

During the year Italcementi S.p.A. and subsidiaries received legal services for 612,000 euro
from the Dewey & LeBoeuf law firm, of which Luca Minoli, a director of Italmobiliare S.p.A.,
is a partner.
Italcementi S.p.A. has a land occupation contract with River S.p.A. (which during the year
became Kilometro Rosso S.p.A., a company in which the director Alberto Bombassei holds
an investment), in connection with building works for the construction of its management
office; the amount relating to 2011 was 42,000 euro.
In 2011 Italcementi S.p.A. disbursed an amount of 600,000 euro to the Italcementi Cav.
Lav. Carlo Pesenti foundation to cover management costs. With regard to the contract for
the supply of corporate-administrative services and provision of staff, Italcementi S.p.A.
charged the foundation an amount of 178,000 euro. CTG S.p.A. provided the foundation
with services for 8,000 euro.
Transactions with related parties are illustrated in the notes, while remuneration paid to the
Italcementi S.p.A. Directors, Statutory Auditors, Chief Operating Officer and Manager in
charge of preparing financial reports, for positions held within the Group are illustrated in
the Remuneration Report.
Information on dealings with related parties of the parent Italcementi S.p.A. is provided in
the specific sections in the Italcementi S.p.A. directors’ report and notes to the financial
statements.
Information systems
Important results were obtained in 2011 for the plan for the renewal of the Group
information systems.
The new management control model was activated in most of the main Group countries.
The project aims to make performance analysis faster and more effective by rationalizing
rules and automating information management and processing. The model roll-out will be
completed by the end of 2012 with activation in the minor locations.
At the end of 2011, application of an integrated budget and planning system was
operational in the main Italian and French companies; the system will be rolled out to the
rest of the Group by the end of 2012.
The focus of the 2011 projects also targeted areas for efficiency improvements, with
initiatives covering for example spares management and production control, and the
commercial areas, with initiatives to build more effective relations with customers. The latter
looks likely to be a constantly changing area for almost all Group countries, taking priority in
development of IT solutions in 2012.
With regard to compliance, further advances were made in internal procedures for Disaster
Recovery, Management of transfer to production, and Segregation of Duties.
2011 also saw a constant focus on efficiency and simplification, leading to a review of the
main outsourcing contracts with a significant reduction in costs.
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