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Consolidated financial statements as at December 31, 2010 Other comprehensive income Other comprehensive income can be analyzed as follows: (thousand Euros) 31/12/2010 31/12/2009 Gains/(losses) on cash flow hedges arising during the period 308 (899) Reclassification adjustment for gains/(losses) on cash flow hedges included in income statement - - Gains/(Losses) on cash flow hedges 308 (899) Exchange gains/(losses) on translating foreign operations arising during the year 154 57 Exchange gains/(losses) on translating foreign operations reclassified to profit or loss - - Exchange gains/(losses) on translating foreign operations 154 57 Other comprehensive income generated during the period 789 285 Other comprehensive income generated during the period reclassified to profit or loss - - Share of other comprehensive income 789 285 Income tax relating to components of Other comprehensive income - - Total Other comprehensive income, net of tax 1,251 (557) Non-controlling interest The non-controlling interest of 1,331 thousand Euros at December 31, 2010 (6,462 thousand Euros at December 31, 2009), refers mainly to the following companies consolidated on a line-by line basis: (thousand Euros) 31/12/2010 31/12/2009 Italian companies 4Cust Reply S.r.l. - (4) Bitmama S.r.l. 201 94 Bridge Reply 34 - Open Reply S.r.l. 37 2 Power Reply S.r.l. - 190 Tender Reply (16) - Twice Reply S.r.l. 122 94 Foreign companies Syskoplan AG 443 5,968 is4 GmbH & Co. KG 25 118 Riverland Solutions GmbH 485 - Total 1,331 6,462 106
Consolidated income statement Consolidated statement of comprehensive income Consolidated statement of financial position Statement of changes in consolidated equity Consolidated statement of cash flows Notes to the consolidated financial statements Annexed tables Share based payment plans The company has share based payment plans for its employees. The stock option plans have the following purposes: to develop the loyalty of employees by strengthening the connection between their interests and those of the Shareholders of Reply S.p.A.; to encourage employees to achieve the growth targets; to motivate employees and involve them in participating in the future economic results; to strengthen the relations between the Company and its employees by developing their loyalty and sense of responsibility. As mentioned in Note 2 referring to share-based payment plans the Company has applied the standard set out by IFRS 2 “Share-based payment” and has been applied to all the stock options granted after November 7, 2002 and that have not yet vested as at January 1, 2005 and are related to the stock options plans of 2004 and 2006. With reference to these plans, the cost incurred for Reply S.p.A. share-based payments in 2010 amounted to 10 thousand Euros (50 thousand Euros in 2009). Stock option plans linked to Reply Group ordinary shares The Extraordinary Shareholders’ Meeting of Reply S.p.A. resolved the increase of the share capital with exclusion of stock option rights in compliance with art. 2441, paragraph 8 and art. 2441 paragraph 5 of the Italian Civil Code. The Board of Directors’ of Reply S.p.A. in charge of the stock option plan, has assigned stock options to employees and directors of the group companies. As at December 31, 2010 the number of stock options were 168,400 and can be summarized as follows: Resolution of the General Board’s Shareholders’ resolution No. Exercise No. plan meeting date beneficiaries price Vesting period options 2004 11/06/2004 11/11/2005 1 17.569 11/11/2008 - 11/11/2013 2,400 2004 11/06/2004 12/05/2006 10 21.339 12/05/2009 - 12/05/2014 150,000 2006 15/06/2006 08/08/2006 1 18.662 08/08/2009 - 08/08/2014 10,000 2006 15/06/2006 27/09/2007 1 24.096 27/09/2010 - 27/09/2015 6,000 During 2010 no stock options were exercised nor assigned in reference to the existing plans. Under an accounting perspective stock option plans represent an Equity settled share based payment transaction pursuant to paragraph 10 of IFRS 2 that requires the assessment of the fair value of the services received with reference to the fair value of the instruments representative of equity at the assignment date. The fair value of the services received must be recorded when the option vests with a corresponding increase in equity. Stock option plans linked to Syskoplan AG ordinary shares The Shareholders’ Meeting of syskoplan AG on September, 2000 resolved the increase of the share capital with the emission of no. 300,000 new syskoplan AG ordinary shares in favor of employees and directors of the company. As at December 31, 2010 the main characteristics of the stock option plan resolved by the Shareholders’ Meeting is as follows: Resolution of the General Shareholders’ No. Exercise plan meeting beneficiaries price Vesting period No. options 2004 07/04/2004 329 7.63 07/04/2006 - 07/04/2011 71,407 During 2010 no. 14,991 ordinary shares were exercised; at December 31, 2010 no. 23,481 ordinary shares can still be exercised while no. 13,791 ordinary shares expired. 107
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Annual Financial Report 2010
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Board of directors and controlling
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Financial highlights Economic figur
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A company like Reply operates in a
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Reply Annual Financial Report 2010
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Reply’s own Enterprise Private Cl
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The ever-increasing demand for serv
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Gaming With around 57 million Europ
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same way, Reply operates on the res
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Definio Reply The Definio Reply pla
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Annual Financial Report 2010
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Report on operations Main risks and
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Report on operations Financial risk
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Report on operations Reclassified c
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Report on operations Revenues by ge
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