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Note 25 – Related parties25.1 – Relations with non-consolidated companiesAll significant Group subsidiaries are wholly-owned and fully consolidated. Inter-company transactions areeliminated.25.2 – Compensation and benefits granted by the Group to executive managementExecutive management include persons with authority and responsibility for planning, management andoversight of activities, directly or indirectly, including directors (both executive and non-executive directors).Those present at 31 December 2012 received the following compensation and benefits in-kind (in euros):Short-term benefits 2,531,987Fixed portion of total gross compensation (excluding benefits in-kind) 1 2,070,189Variable compensation 2 418,102Benefits in-kind 43,696Post-unemployment benefits 154,235o.w. supplementary funded pension schemes 103,219of which provisions for retirement severance payments 51,016Other long-term benefitsNoneSeverance benefitsShare-based payments 3 170,948None1 The fixed portion includes compensation of executive management as well as indemnities for corporate officers serving as QualifiedPersons amounting to €29,150, attendance fees paid to Directors of €144,577 (net of contributions) and compensation paid to theChairman of the Board of Directors of €37,925.2 The variable portion for each board member depends on the number of individual objectives met in the prior year. This amount isadjusted to take into account the performance of the Company or Group in this same year and calculated on the basis of the salary atDecember 2012.3 This concerns expenses recognised in the period for stock option grants (see Note 14.2).107