Financial Statements 2009 - Manutencoop

Remuneration of Executives with strategic responsibilities and the Board of StatutoryAuditorsthe following table summarises the gross remuneration due for whatever reason and in whateverform to the executives and statutory auditors listed below:(in thousands of Euro) 2009 2008board of dIreCtorsshort-term benefits 0 500Future benefits (severance indemnities) 0 5total board of dIreCtors 0 505board of statutory audItorsshort-term benefits 0 88total board of statutory audItors 0 88management boardshort-term benefits 1,148 552Future benefits (severance indemnities) 0 0total management board 1,148 552supervIsory boardshort-term benefits 360 19437. management of fInanCIal rIsK: obJeCtIves and CrIterIaFinancing requirements and the related risks (mainly interest-rate risk and liquidity risk) aremanaged on a centralised basis by the Group treasury, following guidelines approved by thecompany's management board which are reviewed periodically. the main purpose of theseguidelines is to ensure that the structure of liabilities matches that of the assets reported in thefinancial statements, with a view to maintaining a high degree of financial strength.the main financial instruments used comprise:> short-term loans and a revolving factoring facility that involves the sale of receivables withoutrecourse in order to finance working capital;> medium/long-term loans repayable in instalments, to finance the investment in fixed assets.the company also uses the trade payables deriving from operating activities as financialinstruments.it is company policy not to trade in financial instruments. this policy was followed during the yearjust ended.Categories of financial assets and liabilities defined in IAS 32as required by iFrs 7, the following table presents the financial assets and liabilities reported inthe separate financial statements of manutencoop Facility management s.p.a. in accordancewith the classification defined in ias 32, together with the related economic effects for the yearended 31 December 2009:total supervIsory board 360 194other eXeCutIves WIth strategIC responsIbIlItIesshort-term benefits 734 522Future benefits (severance indemnities) 49 32total other strategIC eXeCutIves 783 553fInanCIal assets 2009(in thousands of Euro) 31 deCember 2009AFSLOANS ANDFINANCIALRECEIVABLESASSETSnon-Current fInanCIal assetsthe following table analyses the total fees paid in 2009 to reconta ernst & young s.p.a.other equity investments 1,542 1,542non-current financial receivables and other securities 2,082 2,082other non-current receivables and assets 663 663total non-current financial assets 4,287 1,542 2,745party provIdIng the servICe(in thousands of Euro) 2009 2008auditing other auditing otherreconta ernst & young s.p.a. 304 19 379 197Current fInanCIal assetstrade receivables and advances to suppliers 262,997 262,997current tax receivables - -other current receivables 4,792 4,792other current financial assets 93,735 93,735cash and cash equivalents 18,275 18,275total current financial assets 379,800 - 379,800total fInanCIal assets 384,087 1,542 382,544fInanCIal InCome (Charges) 3,164 24 3,140104 - Financial statements as oF 31 December 2009 - principles anD explanatory notes Financial statements as oF 31 December 2009 - principles anD explanatory notes - 105