Registration Document BOUYGUES

5
Financial statements
Consolidated financial statements
NOTE 20 • DISCLOSURES ON RELATED PARTIES AND
ON REMUNERATION OF DIRECTORS AND SENIOR
EXECUTIVES
20.1 Related-party disclosures
Transactions
Expenses Income Receivables Liabilities
2011 2010 2011 2010 31/12/2011 31/12/2010 31/12/2011 31/12/2010
Parties with an
ownership interest 5 5 1 1 2
Joint ventures 26 25 188 156 283 236 90 113
Associates 18 7 131 101 67 64 21 10
Other related parties 28 34 129 17 89 66 62 45
Total 77 71 449 275 439 368 173 168
Maturity
less than 1 year 350 295 136 165
1 to 5 years 19 30 37 3
more than 5 years 70 43
of which impairment of doubtful receivables
(mainly non-consolidated companies) 84 77
20.2 Disclosures about remuneration and benefits paid to
directors and senior executives (Bouygues)
These disclosures cover members of the Group’s Management Committee who were in post on 31 December 2011.
Direct remuneration: €17,329,177, comprising basic remuneration of €7,564,733; variable remuneration of
€9,764,744 paid in 2012 on the basis of 2011 performance; and €474,337 of directors’ fees. Directors’ fees paid to
non-executive directors and non-voting directors amounted to €403,000.
Short-term benefits: none.
Post-employment benefits: Members of the Management Committee belong to a top-up retirement plan based on
0.92% of their reference salary for each year’s membership of the plan. This top-up plan is capped at eight times the
annual French social security ceiling, and is contracted out to an insurance company. Contributions paid into the
fund managed by the insurance company amounted to €2,000,000 in 2011.
Long-term benefits: none.
Termination benefits: these comprise lump-sum retirement benefits of €640,248.
Share-based payment: A total of 649,000 stock options were awarded to members of the Management Committee
on 14 June 2011 at an exercise price of €31.43. The earliest exercise date is 14 June 2015, and the expense
recognised for these options in the year ended 31 December 2011 was €121,324.
Identity of related parties:
> Parties with an ownership interest: SCDM (company controlled by Martin and Olivier Bouygues)
> Joint ventures: primarily quarry companies, project joint ventures and property development companies
> Associates: includes in particular transactions with concession companies and Alstom
> Other related parties: mainly transactions with non-consolidated companies in which the Group has an interest
BOUYGUES • 2011 Registration Document • FINANCIAL STATEMENTS • 263