Financial Statements 2009 - Manutencoop

subsIdIarIes of manutencoop soc. coop.manutencoopimmobiliare s.p.a.manutencoopservizi ambientalis.p.a.sies s.r.l.CavarzereCerpac s.r.l.Consorzio segantinibar.s.a. s.p.a.Grand totalYear revenues costs fin. inc. fin. exp. period trade rec. fin. rec. trade pay. fin. pay.and otherand other31-dec.-08 6,840 1,471 - - 31-dec.-08 602 - 187 -31-dec.-09 2,211 1,961 - - 31-dec.-09 941 - 301 -31-dec.-08 987 423 - - 31-dec.-08 807 - 192 -31-dec.-09 1,042 497 - - 31-dec.-09 1,248 - 417 -31-dec.-08 2,398 - - - 31-dec.-08 2,487 - - -31-dec.-09 3,539 - - - 31-dec.-09 1,656 - - -31-dec.-0831-dec.-0831-dec.-09 2 - - - 31-dec.-09 - - - -31-dec.-08 2 - - - 31-dec.-08 1 - - -31-dec.-09 1 - - - 31-dec.-09 1 - - -assocIates of manutencoop soc. coop. or other Group companIesConsorzioCooperativoKarabak soc.a r.l.Codiser societàCooperativasan martino 2000soc.Cons. r.l.Year revenues costs fin. inc. fin. exp. period trade rec. fin. rec. trade pay. fin. pay.and otherand other31-dec.-08 44 - -36 - 31-dec.-08 22 - 2 131-dec.-09 51 - - - 31-dec.-09 14 - 2 -31-dec.-08 11 - - - 31-dec.-08 5 - - -31-dec.-09 - - - - 31-dec.-09 - - - -31-dec.-08 126 - - - 31-dec.-08 126 - - -31-dec.-09 - - - - 30-giu-09 - - - -31-dec.-08 72 197 - - 31-dec.-08 86 - 152 -31-dec.-09 107 410 - - 31-dec.-09 7 - 359 -31-dec.-08 1,577 2,826 - - 31-dec.-08 780 - 671 -31-dec.-09 1,727 3,022 - - 31-dec.-09 1,194 - 1,046 -terms and conditions applying to transactions with related partiesthese transactions were carried out on normal market terms i.e. those that would have been appliedbetween independent parties. market prices are applied for both commercial and financial transactions;interest-free loans are only made in the case of proportional lending by consortium members totheir consortiums, where any interest charges would only be charged back to the members by theconsortiums concerned. such loans are stated at their present value in the financial statements ofmfm s.p.a. in addition to technical and productive services relating to its core businesses, the parentCompany also provides administrative and it services to certain group companies. no guaranteeshave been given or received in relation to the amounts due to or from related parties. the group hasnot recorded any allowances for doubtful accounts regarding amounts due from related parties in theyears under review. the situation is reviewed at each year end by examining both the financial positionof the related parties concerned and conditions in the markets in which they operate.the principal contracts with other companies in the manutencoop group, controlled by manutencoopsocietà Cooperativa, are analysed below:> manutencoop facility management and manutencoop società Cooperativa have signed an agreementwhereby the former agrees to supply it services to the latter. this contract came into effect on 1January 2005 and will terminate on 31 december 2009 or on the later date that coincides withthe date of termination of the investment agreements between the shareholders of manutencoopfacility management, which were entered into on 23 december 2003 and 23 december 2004.manutencoop società Cooperativa will pay euro 286 thousand to manutencoop facility managementin 2009 for the above services.manutencoop facility management also provided it services to manutencoop servizi ambientalis.p.a. in 2009, for which it earned income of euro 435 thousand.> on 1 august 2008, manutencoop facility management and roma multiservizi s.p.a. signed acontract for the provision by manutencoop facility management of it services to roma multiservizis.p.a. this contract came into force on 1 september 2008 and will expire on 30 august 2011. theannual consideration payable is euro 1,250 thousand.> manutencoop società Cooperativa has sub-let to mfm s.p.a. a portion of the building at via poli 4,Zola predosa (bologna), covering a total area of more than 10,000 sq.m., for use as office space. theduration of this contract is from 1 January 2005 to 31 december 2010, with automatic renewal ifneither party informs the other, by registered letter sent at least 12 months prior to the expiry date,that it does not wish to renew. the annual rental is euro 1,622 thousand, payable in 12 monthlyinstalments.> on 6 July 2007, mfm s.p.a. entered into a framework agreement with manutencoop societàCooperativa, governing the key terms for the subsequent secondment of personnel from manutencoopsocietà Cooperativa to the parent Company, pursuant to Chapter iii, section i of decree 276/2003.this five-year agreement will be renewed automatically unless formally terminated at least 18 monthsprior to the end of the first five-year period. legally, this agreement is a regulatory contract that doesnot grant rights to third parties. under its terms, the parent Company and manutencoop societàCooperativa - which manages and coordinates the parent Company’s activities - specify the conditionsgoverning any contracts for the future secondment of member employees of manutencoop societàCooperativa, and the operational basis for entering into and terminating such contracts.Year revenues costs fin. inc. fin. exp. period trade rec. fin. rec. trade pay. fin. pay.and otherand othertotale31-dec.-08 31,684 49,746 -31 1,846 31-dec.-08 19,073 4,846 22,535 66,02631-dec.-09 51,944 98,904 264 239 31-dec.-09 22,864 9,103 27,907 8.620202 - Consolidated finanCial statements as of 31 deCember 2009 - aCCounting poliCies and explanatory notes Consolidated finanCial statements as of 31 deCember 2009 - aCCounting poliCies and explanatory notes - 203