6 - Vicat

Financial information concerning the asset base,20the financial condition and the results of the issuer20.2. HISTORICAL FINANCIAL INFORMATIONNOTE 29ANALYSIS OF NET CASH BALANCES(in thousands of euros)At December 31, 2009NetAt December 31, 2008NetCash and cash equivalents (see note 12) 234,708 109,558Bank overdrafts (21,697) (14,520)Net cash balances 213,011 95,038NOTE 30EXECUTIVE MANAGEMENT COMPENSATIONPursuant to Article 225.102-1 of the French Code ofCommerce, and in accordance with IAS 24, we herebyinform you of the total gross compensation paid toeach executive director during fiscal year 2009 :J.Merceron-Vicat : 721,519 €G.Sidos : 709,542 €L.Merceron-Vicat : 211,383 €These amounts do not include any variable componentsand represent the total compensation paid byVicat SA and any companies it controls, or is controlledby, as defined by Article L233-16 of the Code ofCommerce.Furthermore, no stock or stock options have beengranted to the above executive directors with the exceptionof any income received under legal or contractualemployee profit-sharing or incentive bonusplans.Lastly, the aforementioned executive directors alsobenefit from a supplemental pension plan as definedin Article 39 of the French General Tax Code (CGI).The corresponding commitments were all reservedin the financial statements, in the same manner asall of the Group’s post-employment benefits, in theamount of 5,054 thousand euros at December 31,2009 (note 1.15).NOTE 31 TRANSACTIONS WITH RELATED COMPANIESIn addition to information required for related partiesregarding key executives, described in note 30,related parties with whom transactions are carriedout include affiliated companies and joint ventures inwhich Vicat directly or indirectly holds a stake, andentities that hold a stake in Vicat.Transactions conducted with non-consolidated companiesor associated companies did not have a materialimpact in 2009, and are carried out at arm’s length.In compliance with transactions stipulated by standardIAS 24, these operations have all been listed,along with their impacts on the Group’s consolidatedfinancial statements. The effect of these transactionson the Group’s consolidated financial statements for2009 and 2008 is as follows, broken down by typeand by related party :2009 2008(in thousands of euros) Sales Purchases Receivables Debts Sales Purchases Receivables DebtsAffiliated companies 774 1,122 5,857 467 4,419Joint ventures 978 674 93 881 1,591 967 216 841Other related parties 43 2,147 11 497 42 1,539 30 198Total 1,795 3,942 5,961 1,378 2,100 2,506 4,665 1,0392009 registration document - VICAT 163