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Consolidated Financial Report |

EXPLANATORY NOTES

2014 Annual Report

Prysmian Group

226

20. RAWMATERIALS, CONSUMABLES USED AND GOODS FOR RESALE

These are detailed as follows:

2014

2013 (*)

Raw materials

4,354

4,401

Change in inventories

(51)

(33)

Total

4,303

4,368

(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can

be found in Section C. Restatement of comparative figures.

21.

PERSONNEL COSTS

Personnel costs are detailed as follows:

2014

2013 (*)

Wages and salaries

693

678

Social security

160

147

Fair value - stock options

3

14

Pension plans

-

6

Employee indemnity costs

-

-

Medical benefit costs

1

1

Termination and other benefits

8

1

Other personnel costs

35

49

Short-term incentive plans

(2)

-

Medium/long-term incentive plans

(2)

15

Non-recurring personnel costs:

Business reorganisation

42

34

Pension plan amendments

7

(2)

Non-recurring other costs

3

2

Total non-recurring personnel costs

52

34

Total

948

945

(*) The previously published prior year consolidated financial statements have been restated following the adoption of IFRS 10 and IFRS 11. Further details can

be found in Section C. Restatement of comparative figures.

(in millions of Euro)

(in millions of Euro)