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Consolidated Financial Report |
EXPLANATORY NOTES
2014 Annual Report
Prysmian Group
238
33. RELATED PARTY TRANSACTIONS
Transactions between Prysmian S.p.A. and its subsidiaries
and associates mainly refer to:
• trade relations involving intercompany purchases and
sales of raw materials and finished goods;
• services (technical, organisational and general) provided
by head office for the benefit of group companies;
• recharge of royalties for the use of trademarks, patents
and technological know-how by group companies;
• financial relations maintained by Group treasury
companies on behalf of, and with, Group companies.
The disclosures of related party transactions also include the
compensation paid to Directors, Statutory Auditors and Key
Management Personnel.
All the above transactions form part of the Group’s continuing
operations.
The following tables summarise related party transactions in
the years ended 31 December 2014 and 31 December 2013:
31 December 2014
Equity-accounted
Trade and other
Trade and other
investments
receivables
payables
Equity-accounted companies
225
10
7
Other related parties:
Compensation of Directors, Statutory Auditors and Key Management Personnel
-
-
1
Total
225
10
8
31 December 2013 (*)
Equity-accounted
Trade and other
Trade and other
investments
receivables
payables
Equity-accounted companies
205
13
5
Other related parties:
Compensation of Directors, Statutory Auditors and Key Management Personnel
-
-
16
Total
205
13
21
(*) 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)