PARENT COMPANY >
EXPLANATORY NOTES
288
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
This amounts to Euro 451,100 thousand and refers to the sale of strategic materials (copper, lead and aluminium) to Group
companies, following the business reorganisation described in Section A. General information.
This amounts to Euro 453,014 thousand, compared with Euro 2,017 thousand in 2012, and is detailed as follows:
This amounts to Euro 102,068 thousand, compared with Euro 111,038 thousand in 2012, and is detailed as follows:
14. REVENUE FROM SALES
16.
RAWMATERIALS AND CONSUMABLES USED
15.
OTHER INCOME
(in thousands of Euro)
2013
2012
Strategic materials
451,188
-
Consumables
1,826
2,017
Total
453,014
2,017
(in thousands of Euro)
2013
2012
Royalties
37,317
40,771
Head office services
53,170
55,730
Other services
472
1,001
Rental income
934
1,155
Insurance reimbursements and indemnities
-
19
Other income
9,842
12,012
Non-recurring other income
Special project income
103
350
Recharges for stock options
230
-
Total other income
10,175
12,362
Total
102,068
111,038
Royalties refer to amounts charged to the subsidiary
Prysmian Cavi e Sistemi S.r.l. (Euro 37,233 thousand) and to
other companies outside the Group (Euro 84 thousand) for
the use of patents and know-how.
Head office services of Euro 53,170 thousand (Euro 55,730
thousand in 2012), refer to charges invoiced by Prysmian
S.p.A., under specific contracts, to its sub-holding company
Prysmian Cavi e Sistemi S.r.l. for coordination activities
and services provided by head office functions to Group
companies.
Other services refer to amounts charged to Prysmian
Financial Services Ireland Ltd., an Irish special purpose
company, for services rendered in relation to the receivables
securitization programme, which ended in July 2013.
Rental income refers to the recharge to Group companies of
rent for the Company’s office building, based on the space
used by each of them.
Other income refers to sundry types of income and expense
recharges.
