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INFORMATION ABOUT ANF
Reports and information for the Shareholders’ Meeting
Report from the Statutory Auditors on related party agreements and commitments
Fiscal year ended December 31, 2009
To the shareholders,
ANF
32, rue de Monceau
75008 Paris
Dear Shareholders,
In our capacity as Statutory Auditors of your Company, we hereby present our report on related party agreements and commitments.
We have taken all the due diligence we considered necessary with respect to the auditing standards of the Compagnie Nationale des
Commissaires aux Comptes (the national Statutory Auditors’ organisation) in order to perform our assignment. This due diligence consisted of
checking the consistency of the information given to us with the source documents serving as the basis for such information.
Agreements and commitments authorised during the fi scal year
In accordance with Article L. 225-88 of the French Commercial Code, we were informed of the agreements and commitments authorised by
your Supervisory Board.
Our responsibility does not include identifying any undisclosed agreements or commitments. Our duty is to inform you, on the basis of
the information provided, of the main terms and conditions of the agreements and commitments that have been disclosed to us without
commenting on their relevance or substance. It is incumbent upon you, under the terms of Article R. 225-58 of the French Commercial Code,
to determine whether the agreements and commitments are appropriate and should be approved.
AMENDMENT OF THE SUPPLEMENTARY PENSION CONTRACT
Person concerned
Mr Xavier de Lacoste Lareymondie, Chief Operating Offi cer and member of the Executive Board.
Nature and purpose
On December 9, 2008, your Supervisory Board, on a proposal submitted by the Compensation Committee meeting of December 5, 2008,
adapted the collective defi ned benefi t supplementary pension scheme, which is of an ancillary nature, introduced for senior executives, receipt
of which is linked to benefi ciaries remaining with the Company until retirement. On March 25, 2009 the Supervisory Board authorised the Chief
Operating Offi cer to be a benefi ciary of this collective scheme, as well as the collective provident and health schemes.
Terms
The changes made to the collective defi ned benefi t supplementary pension scheme are:
• the seniority criterion is set at four years;
• a longer reference period for calculating the supplementary pension, i.e. the average compensation received for the 36 months before
retirement;
• a reference basis of assessment for calculating the supplementary pension, taking into consideration the average gross compensation (fi xed
and variable) for the last 36 months, up to a limit of twice the benefi ciary’s fi xed annual compensation.
LEASES AGREED ON TWO HOTELS
Company concerned
This is an agreement in which Eurazeo, a shareholder which holds over 10% of the voting rights of your Company, is directly involved.
Nature and purpose
On March 25, 2009, the Supervisory Board authorised the agreement of leases on two hotels (“Forbin” and “Ilot 34”) in Marseilles, which are
currently under construction and will be leased by ANF to B&B. The Forbin hotel lease is for 12 years, at a rental on completion of €0.6 million
(excl. tax) per year from the end of 2010. The lease on the Ilot 34 hotel has not yet been signed.
Agreements and commitments approved in previous fi scal years that remained in force during the year
In accordance with the French Commercial Code, we have been informed that the following agreements and commitments, approved during
previous fi scal years, remained in full force during the past year.
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Contents
ANF • 2009 ANNUAL REPORT
113
OTHER GENERAL GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS