PARENT COMPANY >
EXPLANATORY NOTES
298
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
25. RELATED PARTY TRANSACTIONS
(in thousands of Euro)
2013
Revenue from Raw materials Cost of goods
Fair value Personnel Finance Dividends Taxes
sales and
and and services change in metal
costs income/
Other income consumables
derivatives
(costs)
used
Subsidiaries
546,731
511
17,947
38
-
13,132
219,861 27,115
Other related parties:
Compensation of Directors, Statutory
Auditors and Key management personnel
-
-
605
-
12,649
-
-
-
Total
546,731
511
18,552
38 12,649 13,132 219,861 27,115
(in thousands of Euro)
31 December 2012
Investments in
Trade and
Trade and
Employee
Tax
subsidiaries
other
other
benefit payables
receivables
payables obligations
Subsidiaries
1,660,977
357,404
12,687
-
75
Other related parties:
Compensation of Directors, Statutory Auditors
and Key management personnel
-
-
4,550
5,472
-
Total
1,660,977
357,404
17,237
5,472
75
(in thousands of Euro)
31 December 2013
Investments in
Trade and
Trade and
Employee
Tax
subsidiaries
other
other
benefit payables
receivables payables and obligations
and derivatives derivatives
Subsidiaries
1,728,516
733,987
6,172
-
36
Other related parties:
Compensation of Directors, Statutory
Auditors and Key management personnel
-
107
15,700
161
-
Total
1,728,516
734,094
21,872
161
36
Transactions between Prysmian S.p.A. and its subsidiaries
mainly refer to:
• services (technical, organisational and general) provided by
head office to subsidiaries;
• financial relations maintained by the Parent Company on
behalf of, and with, Group companies.
All the above transactions fall within the ordinary course of
business of the Parent Company and its subsidiaries.
The disclosures of related party transactions also include the
compensation paid to Directors, Statutory Auditors and Key
Management Personnel.
More details about related party transactions are provided
in the attached table “Intercompany and related party
transactions (disclosure under art. 2428 of the Italian Civil
Code)”.
The following tables summarise related party transactions in
the year ended 31 December 2013:
